Ethereum Price Falls by More Than 7%
Ethereum appears to have entered a bear market with price falling by more than seven percent today. The catalyst seems to be last week’s accidental hardfork where ethereum’s blockchain was split into two due to a bug that caused eth’s two main clients, Parity and Geth, to lack consensus. It was the fourth hardfork of the network in just as many months, beginning with the DAO fork on the 20th of July 2016. Although price quickly began to gain appreciation after the DAO fork, the surprise listing of ETC by Poloniex returned chaos to the market, with the tense period of two weeks giving way....
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Ethereum has now lost its hold on an important level. This decline follows that of bitcoin which has now fallen below $20,000. However, for Ethereum, the fight continues to hold on to the one point where bulls still see some hope. However, with the way the market is moving, it may not be long before Ethereum is testing the critical $1,000 support level. Ethereum Falls Below $1,100 For Ethereum, holding above $1,100 for the past week had meant that there was still hope for a good run-up that could see it retest the $1,500 resistance. But this would only last just a little above $1,200....
According to a report from Arthur Falls, Ethereum venture production studio ConsenSys will face a billion-dollar audit. A majority of the company’s shareholders, Falls said, asked for this measure to investigate alleged irregularities at the company. Related Reading | How This Ethereum Mining Bypass For Nvidia GPUs Came On Sale To be conducted under the […]
Bitcoin’s price took a dive along with most other assets as Ethereum fees continue to dip.
A recent market crash has seen the price of ethereum crumble as the market prepares for the launch of the London Hard Fork. The fork has been scheduled to go live on August 4th this year and so far, investors seem to be very interested in this move. Demand for ethereum has gone up in […]
Bitcoin Custodians Facing Liquidity Crisis As Price Falls