Market Wrap: Bitcoin Loses Momentum at $19.4K; Ethereum Fees Increasing

Bitcoin’s price passed $12,000 while Ethereum fees dipped.

Bitcoin’s price took a dive along with most other assets as Ethereum fees continue to dip.

Bitcoin’s price was close to $16,000 Friday but lost momentum while ether locked in DeFi is on a downward trend.

Bitcoin’s price has remained remarkably resilient despite recent dispiriting news; Ethereum fees dip.

Ethereum gas prices have been declining for a while now. It had risen to its all-time high back in 2021 when the bull market was in full bloom. It then continued to maintain on the high spike, spiking at various intervals to high points. At its highest, average ETH gas fees were as high as $69. However, with the recent downtrend and the market losing momentum, the gas fees have crumbled and the recent decline has seen its near six-month lows. Ethereum Fees Are Down Ethereum gas fees for the last three months showed a consistent downtrend that saw average gas fees decline as low as $5.98 in....