July 23, 2024
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Bitcoin News

As XEN Crypto Degens Jump In, Ethereum Turns Deflationary

A new project named XEN Crypto has nearly taken half of Ethereum’s block space, which is resulting in a decrease in network issuance and an increase in gas pricing. As a result, beginning October 8 the supply of Ethereum has started decreasing. According to the Ultrasound.Money dashboard, the asset has turned deflationary, at least temporarily,

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Technical Analysis

Crypto Assets Technical Analysis

BTC Analysis Weekly ->> Daily –>> 4H Weekly In the Weekly time frame, Price again tapping the key yearly support at 19k. The first tap gave the reaction of 30% toward the upside but was not able to reach the multiple support breakdown level of 30k. As per the technical theory, By each test of

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Bitcoin News

Bitcoin Trades Above $19K, while Ether see increase since the Post-Merge

Tuesday morning trading in Asia saw Bitcoin rise above US$19,000 for the first time in nearly two weeks after dipping below that resistance level overnight. Ethereum climbed together with the other top 10 cryptocurrencies by market capitalization, indicating that it is beginning to recover from the post-Merge dip. At 8 a.m. in Hong Kong, Bitcoin

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Latest News

Ethereum (ETH) Drops to 2-Month Lows, Causing $400M in Liquidations

On a 24-hour basis, the total value of liquidated holdings is once more increasing and has reached $400 million. This occurs at a time when the whole cryptocurrency market has turned negative, with ETH leading the pack after a brutal 10% daily decline. Following the eagerly awaited Merge, Ethereum’s price was already in trouble, as

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Blockchain News

Ethereum Will Become the Hotel California of Crypto, According to Charles Hoskinson

IOG, the organization behind the Cardano blockchain, has used Twitter to draw attention to the problem with the way Ethereum has implemented the Proof-of-Stake consensus mechanism, which uses less energy to maintain a chain than Proof-of-Work. The Hotel California of the cryptocurrency world is Ethereum, according to Charles Hoskinson, who formerly assisted in its founding.

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Bitcoin News

Merging Ethereum Opens New Horizons for Institutional Participation

The ETH Merge event, which will take place in less than 24 hours, is presently the focus of attention. Given the scope of the shift, the Ethereum Merge is most likely the largest event in the history of cryptocurrencies. In the days leading up to the Merge, selling pressure has increased on the ETH price,

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Bitcoin News

Ether dulls Ahead Of Merge as Bitcoin and Solana lead increases in the top ten cryptocurrencies

Tuesday morning trading in Asia saw Bitcoin rise to maintain its advances above US$22,000, a figure it crossed on Monday for the first time in three and a half weeks. Solana saw the biggest gains among the top ten tokens by market capitalization, while Ether experienced a decline. According to data from CoinMarketCap, Bitcoin increased

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Latest News

Ethereum is prepared for The Merge as the final shadow fork is successfully completed

Developers of Ethereum (ETH) have announced that the prerequisite shadow forks necessary for the eagerly awaited blockchain upgrade known as The Merge have been completed successfully. Shadow forks assist programmers in stress testing synchronization hypotheses to guarantee network security during ongoing upgrades. On April 11, 2022, Ethereum engineers implemented the first shadow fork in response

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Bitcoin News

Hashrate Increases By A Record Amount As Ethereum Classic Gains Over 24%

As of Tuesday AM in Asia, the hash rate of ETC, the Ethereum Classic coin, has increased by double digits over the previous 24 hours as miners searched for alternatives ahead of the “Merge.” According to CoinMarketCap data, the native token of Ethereum Classic, the first blockchain from which the current Ethereum (ETH) network was

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Bitcoin News

Ethereum is gaining momentum, despite Bitcoin’s lackluster price movement

Ethereum attempted to break through the $1,620 resistance level and the 100 hourly simple moving average. However, ETH failed to maintain its stability at over $1,620. The price trimmed gains after reaching a high of $1,648. There was a decline below the $1,580 and $1,550 levels. A low has been created near $1,535 and the

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