5 reasons Bitcoin and Ethereum plummeted 15% in a single day
Bitcoin and Ethereum fell 15% and 20%, respectively, in one day, but why so much and so quickly? The price of Bitcoin (BTC) and Ether (ETH) fell by 15% and 20%, respectively, on April 23 as the cryptocurrency market became engulfed in a major correction. Five factors likely caused the price of Bitcoin and Ethereum to steeply drop in a single day include mass liquidation, an overheated futures market, the decline of Kimchi premium, whales selling, and Biden tax concerns. Overcrowded futures market sees $4B worth of liquidations On April 23, in a 24-hour span, the cryptocurrency market saw....
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Ethereum has lost just over 80% of its value since reaching an all-time high in November 2021, but some market factors point towards it reaching $3,000 again. Let’s explore the reasons that it could become a reality and not just another hype phase that the crypto market has experienced so many times. Why Will Ethereum […]
There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this is member states’ delays in meeting targets as set out in the roadmap.
Attainment of Single Regional Currency a Top Priority for the EAC
Central banks from an African economic union, the East African Community (EAC) are reportedly unsure if plans to introduce a single currency for the region by the year 2024 will be realized. The central banks cite some member....
The price of Ethereum (ETH) hit $500 on Binance for the first time since July 2018. The timing of the ETH rally is noteworthy because it comes merely two days after it dropped to $456. Within two days, from its lowest point on November 18, ETH has rallied by nearly 10%. Several key reasons appear […]
In just another Monday on Crypto, users reported that Bitfinex paid a single miner the astonishing sum of $23 million to validate an Ethereum transaction. In what could potentially be the largest fee an ETH miner has ever received to validate a block, the reasons behind it remain as pure speculation. The crypto exchange sent […]
Miners' income from processing transactions on the Ethereum blockchain more than halved in October as the mania for DeFi cooled.