Ethereum (ETH)

Joshua Lim – Head of Derivatives at Genesis Trading – recently provided a breakdown of Bitcoin’s late underperformance against the rest of crypto.  He provided 2 metrics indicating that Bitcoin’s price is “heavy” relative to previous market cycles, followed by qualitative reasons for why this is the case.  Ethereum Outperforming Bitcoin Per a Twitter thread from Lim on Sunday, the first indicator of Bitcoin’s ‘heaviness’ is its performance against Ethereum. The ETH/BTC price...

Just like the traditional markets, the crypto markets reacted badly to yesterday’s speech by Powell. Following the announcement of the continuation of the hawkish policy of the Federal Reserve, the market sentiment is bearish. Yesterday’s selloff caused Ethereum to lose more than 12% in under 24 hours. Is more pain incoming? Technical Analysis By: Grizzly The Daily Chart The price of Ethereum fell sharply against the US dollar and Bitcoin yesterday. The short uptrend that...

After the recent stagnation, bitcoin finally began moving and dumped to a six-week low beneath $20,000. Most altcoins are deep in the red as well. Ethereum is down to $1,500, while SOL, ADA, and AVAX have declined by up to 8% in a day. Bitcoin Dipped Below $20K Last week was particularly harmful to the primary cryptocurrency, which dumped from $25,200 to $21,000 in a matter of days. Since that enhanced volatility, the asset calmed and spent most of the following days trading...

In today’s overview, we take a closer look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum might be down 9.1% this week, but it’s recovering well from the latest collapse. The cryptocurrency fell from above $1,800 last Friday and continued to decline during the weekend until it found support at the 50-day MA level. It rebounded from the 50-day MA and started to climb throughout the week. Yesterday, it found resistance at the 20-day MA level and the...

Bitcoin – along with several other leading digital currencies like Ethereum, Cardano, and Solana – rose quite a bit in recent weeks and was trading for just over $24,000. Many analysts assumed that $25,000 was right around the corner. Bitcoin Has Jumped a Few Thousand Bucks There appear to be several reasons as to why bitcoin suddenly surged, a big one being that recession fears are starting to dwindle. There have been several worries permeating the financial space as of...

The Ethereum Foundation is doing everything it can to make the transition to proof of stake as smooth as possible. Therefore, programmers are challenged to find vulnerabilities in the code. The reward for this? 1 million dollars! Earn 1 million dollars if you find a bug on Ethereum before September 8 The reward for finding a critical error was previously $250,000, but it has been increased by a factor of 4! Rewards for finding non-critical bugs...

Crypto Market Overview Bitcoin’s dominance is steadily declining and now fell below 40%, now standing at 39.05%. This came as a result of Ethereum outperforming the top cryptocurrency by market cap due to its price increase before the long-awaited merge. The most valuable cryptocurrency pair, BTC/USDT, is currently trading at $24,095.98, while Ethereum, the second-largest cryptocurrency by market capitalization, has risen to $1,895.48, up 11.47% in...

Binance – the world’s largest crypto exchange – has released a statement explaining how it will ensure a smooth transition to a proof of stake (POS) Ethereum next month. In particular, it covered how it will compensate users in the event of an Ethereum fork, during which two different blockchains and versions of ETH could emerge.  Binance’s Merge Plan Per the company’s statement on Thursday, there are “two likely scenarios” that could occur during the merge that may impact...

Back in the days, when the Internet wasn’t so mainstream, one of the main problems that users faced was that domain names hadn’t been matched up to internet protocol (IP) addresses. This made them very unfriendly towards the average Joe, who had to type in the IP address of the website they wanted to visit, as in to literally type in the numbers. Unlike traditional IPs, cryptocurrency addresses represent even longer strings of numbers and letters. If a user wants to send...

The Ethereum Foundation has confirmed that the long-awaited Merge is expected to come sooner than previously expected. “Following years of hard work, Ethereum’s proof-of-stake upgrade is finally here! The successful upgrade of all public testnets is now complete, and The Merge has been scheduled for the Ethereum mainnet.” According to a new blog post, the mainnet migration to a proof-of-stake network will complete between September 10 and 20 with the Bellatrix upgrade, which...