Ethereum (ETH)

Crypto Trunks’ environmental impact coupled with high Ethereum gas fees fueled the project closure.CryptoTrunks, a non-fungible token (NFT) project that allows crypto holders to mint NFT trees, closed down only two days after being launched. The project’s primary goal was to display the impact cryptos have to the environment. Simply put, the bigger your crypto wallet, the more Environmental heartache you’ve brought to the world, this ultimately leaves you with a bigger, if not the biggest...

A bullish case isn’t on many people’s minds – but signs are cropping up that Bitcoin may indeed be headed for a trend reversal. Here are some signs explaining why BTC might be overdue for a renewed uptick. Bitcoin reached its all-time high of almost $65K on April 14, 2021, a little over a month ago. However, over the past 10 days the price violently broke down from the $50K mark and even reached $30K last Wednesday. Bearish sentiment affected the whole crypto market, as...

Bitcoin chopped downwards today towards $31K, looking to retest local lows made earlier in the week just around the $30K mark, according to Bitstamp. According to data from Bybt, over the past 12 hours the crypto markets saw liquidations of over $1.2 Billion in trader positions. As of writing these lines, BTC price is decreasing 15% over the past 24 hours, whereas major altcoins were hit even harder, with ETH down 21% to a current daily low of $1730, XRP down 24% to $0.65 –...

ETH/USD: Is Ethereum Losing The $2K Mark? Key Support Levels: $1,888, $1,800, $1,625. Key Resistance Levels: $2,000, $2,275, $2,400, $2,800. ETH is down by a steep 55% over the past eleven days, the day ETH saw its all-time high around $4,400, as the coin dropped beneath $2,000 earlier today. The cryptocurrency suffered a steep decline on Wednesday during the cryptocurrency market crash as it dropped from over $3,400 to reach as low as $2,036, according to Bitstamp. Despite...

With bad news attacks coming from all directions over the past week, bitcoin’s price fails to recover any of the recent losses. In the past 24 hours alone, the cryptocurrency fell by almost $10,000 following another set of China FUD. Most altcoins have it even worse, with double-digit price slumps charted from ETH, BNB, ADA, DOGE, XRP, and more. China Causes Another $9K Dip for BTC Bitcoin has seen better days. The massive sell-off during the week caused substantial...

This week was particularly turbulent in the cryptocurrency market. Bitcoin’s price crashed to $30K following comments made by Elon Musk, who keeps teasing Dogecoin HODLers. Meanwhile, we also saw old China FUD recycled yet again. Starting off with bitcoin’s price performance, the week was rather unfortunate for bulls. BTC is down about 25% in the past seven days, currently sitting at $37K. It’s worth noting, though, that the cryptocurrency fell even lower, briefly touching...

Tom Tugendhat, a member of Parliament of the United Kingdom, urged the nation towards implementing more innovations in its financial sphere. Interestingly, he also outlined the growth of the cryptocurrency sector and hinted he was more bullish on ether rather than bitcoin. UK Member of Parliament Bullish on ETH Tugendhat is a British Conservative Party politician serving as the Chairman of the Foreign Affairs Committee since 2017. He has also been a member of the UK...

After establishing itself as a futuristic internet infrastructure, Dfinity’s ICP project has attracted a huge global community.After closing yesterday trading at $222.14, representing a change of over 34% during the day, Dfinity’s ICP price was down over 11% at the time of reporting and trading around $170 according to Binance-backed Coinmarketcap.ICP has been dubbed the next big innovation after Bitcoin and Ethereum in the entire blockchain industry. This is ostensible because the project is...

The past seven days were particularly volatile and, unfortunately for many, bears had the upper hand. Bitcoin dropped to a price not seen since January, while the rest of the market followed. Bitcoin Bitcoin is down another 18.5% this week as it trades near $40,900. The cryptocurrency is now down by a total of around 35% from the $64,895 all-time high set in April. BTC saw an extremely volatile week in which prices dropped as low as $30,000 on Wednesday – hitting levels not...

The Altair upgrade will seek to return the original strictness into the new Ethereum protocol.One of the most interesting things about the Ethereum blockchain is the ongoing plans to migrate from the current Proof-of-Work (PoW) network to a more scalable Proof of Stake (PoS) model. The proposed plan has been in the works for a long since it dawns on the Ethereum developers that the current model cannot sustain the growth of smart contracts and DApps built on the network in the long term.The...