Weekly Digest: Bitcoin and Ethereum Making New Highs
In these new series of posts, we will be discussing price trends and important developments in the Blockchain industry. Today we will be reviewing the price increase of both Bitcoin and Ethereum. Another week goes past in the Crypto Sphere. Since June 10 Bitcoin and Ethereum have experienced an incredible surge in price. Bitcoin has managed to pull a +28% increase in valuation against the United States Dollar and +29% against the Chinese Yuan. A quick retrace in Bitcoin price some hours ago left the price close to the 2 hour Moving Average. Cryptocurrencies are looking strong, the perfect....
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In this Weekly Digest, we take a quick glance at what the Bitcoin price might be in the next few days. We also go over the recent developments pertaining the Ethereum Soft/Hard Fork. Although much more calmer than the week before, these days didn’t come free of events and news. Let’s dive in Bitcoin, Ethereum, and everything else! Bitcoin Price. This week the Bitcoin price experimented a flat formation, the price was incapable of consistently breaking through the 30-Moving Average of the 4-hour chart. As the pressure started to build up, the bears and the bulls were preparing their next....
Santiment, a blockchain analytics firm, recently shared that Ethereum’s NVT is still “bullish” The NVT is the network value to transaction ratio, which is seen as a price-to-earnings ratio for blockchain networks. Data also shows that investors are accumulating ETH en-masse, with coins leaving exchanges at a rapid clip. Ethereum On-Chain Trends Still Favoring Bulls Ethereum has undergone a strong drop from its weekly highs around $385. The coin fell under $370 on Tuesday morning […]
Ethereum shows strength as MATIC rises 7% Global market jitters spread to crypto at the weekend, with Bitcoin falling to $42K before bouncing to almost $50K. Markets are digesting multiple uncertainties, including the many unknowns of the Omicron variant, and the possibility of an end to pandemic-era central bank stimulus. Combined with thin weekend trading volume and the build up of leverage, this led to cascading sell orders and liquidations across the crypto market on Saturday. Nevertheless, El Salvador’s President Nayib Bukele was not deterred and joined MicroStrategy in buying the....
Ethereum smashed through the $3,000 barrier and sits at new highs. While the cryptocurrency is at price discovery, its inventor Vitalik Buterin touched a milestone in terms of wealth. The 27-year-old has become the youngest crypto billionaire. Ethereum trades at $3,148 with a 7.8% profit in the daily chart. In the weekly and monthly chart, […]
The price of Axie Infinity (AXS) has struggled recently with a few bullish signs against Tether (USDT) despite market sentiments around the project. As a result of the “Merge” sentiments, this has led to many altcoins showing relief rallies and newer altcoins making all-time highs; the price of Axie Infinity has struggled to rally despite many expectations on AXS holders. Related Reading: Ethereum Market Observes Pileup Of Leverage As ETH Breaks $2k The Merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) to increase its network efficiency in....