Bitcoin Holds Below $110K as IBCI Suggests Market in Transition Phase
Bitcoin continues to trade in a range just below its recent all-time high, maintaining a relatively stable price structure despite broader market fluctuations. As of the time of writing, BTC is priced at approximately $105,756, reflecting a 1% drop in the past 24 hours and a 5.4% decline from its record peak of over $111,000 reached last month. The asset has been consolidating within this band for several weeks, with no clear breakout yet in sight, indicating a moment of uncertainty or possible transition in market direction. A CryptoQuany analyst known as Gaah has offered insights into....
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Bitcoin (BTC), the pioneering digital currency that has recently seen a notable surge recording 51% in global crypto market capitalization dominance, has now received a fresh analysis from CryptoCon, a seasoned crypto technical analyst hinting at a potential surge in the asset’s price. This projection, shared in a recent post on X (formerly known as Twitter), has caught the attention of many, given its bullish outlook amid the present market landscape. Related Reading: Crypto’s Red Alert: Is War Pushing Bitcoin To $1 Million? Arthur Hayes Weighs In Bitcoin Enters Mid-Cycle Phase Four....
Ethereum is all set to transition to PoS by the third week of September, but most of the promised scalability features would only be available after 2023. The Ethereum blockchain is on the verge of one of the most crucial technical updates since its inception, moving from proof-of-work (PoW) to proof-of-stake (PoS), also called Ethereum 2.0, or Eth2. Ethereum devs gave Sept. 19 as the perpetual date for the merger of the current PoW chain to the PoS chain. The Merge is expected to be deployed on the Goerli testnet in the second week of August. After the successful integration of the Goerli....
The Mayer Multiple indicator suggests the bull market is still far from peaking, even as bitcoin closes in on its all-time high.
Despite its recent Phase 0 launch, the fully realized transition to Eth2 could still be years away from completion. Ethereum 2.0 launched its Beacon Chain on Tuesday, marking the project's transition to a proof-of-stake, or PoS, mining algorithm. With Phase 0 now in the rearview mirror, the founder and CEO of MyEtherWallet, Kosala Hemachandra, recently explained the next hurdle for Eth2. “I think the question should be, what is not the next hurdle for ETH 2.0,” Hemachandra told Cointelegraph, adding:“Basically, after the beacon chain launch, Ethereum will focus on phase 1 specs. It will go....
The Ethereum Merge to PoS is slated for the third week of September, eliminating PoW mining. Experts weigh in on how mining pools and miners would be impacted. The Ethereum blockchain is all set to make its highly anticipated transition from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge date is officially scheduled for Sept. 15–16 after the successful final Goerli testnet integration to the Beacon Chain on Aug. 11.At present, miners can create new Ether (ETH) by pledging a huge amount of computing power. After the Merge, however, network participants,....