The number of addresses active on the Bitcoin network has crashed roughly 60% in the past six weeks from 1.3 million to roughly 500,000. The collapse in activity has seen Ethereum overtake Bitcoin by the number of active addresses, with the Ethereum network hosting roughly 200,000 more active wallets than Bitcoin on Friday. It is the third time in a month that Ethereum has overtaken Bitcoin by the metric, also happening on June 5, 2021, and June 6, 2021. The previous time Ethereum was in the… Source link

Ether’s (ETH) $1.5 billion monthly expiry on June 25 was slightly favorable for bears, and at the time, Cointelegraph reported that the $2,200 price was critical to eliminate 73% of the neutral-to-bearish put options.  However, bulls were not able to sustain their advantage because the expiry price was near $1,950. In the end, the protective put options outnumbered the neutral-to-bullish call options by $30 million. Fast forward to July, and after a noticeable 10% rally, Ether’s price again… Source link

Bitcoin dipped below $34,000 on Thursday as selling pressure increased into July. However, traders expect buyers to remain active above $30,000 support as sentiment improves.  Positive news could limit downside moves after a volatile first half of the year. Concerns about regulatory crackdowns appear to have eased, especially as the bitcoin hashrate stabilized after falling for 10 straight days. The hashrate decline was mostly due to China’s shutdown of several cryptocurrency mining… Source link

Bitcoin vs. Ethereum Getty Images AsiaPac The revenue of bitcoin and ethereum miners was nearly halved for the month of June, as the two largest cryptocurrencies by market capitalization saw both their prices drop and transaction volume decrease. Bitcoin miners saw their revenue slip by 42% to $839 million compared to May’s $1.45 billion, according to data from The Block. The hash rate of the digital asset has dropped 50% in June to its lowest level in a year. Meanwhile, ethereum… Source link

Bitcoin vs. Ethereum Getty Images AsiaPac The revenue of bitcoin and ethereum miners was nearly halved for the month of June, as the two largest cryptocurrencies by market capitalization saw both their prices drop and transaction volume decrease. Bitcoin miners saw their revenue slip by 42% to $839 million compared to May’s $1.45 billion, according to data from The Block. The hash rate of the digital asset has dropped 50% in June to its lowest level in a year. Meanwhile, ethereum… Source link

Ethereum Ethereum rose by 5.13% on Wednesday. Following on from a 3.94% gain on Tuesday, Ethereum ended the day at $2,276.72. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,089.16 before making a move. Steering clear of the first major support level at $2,078, Ethereum rallied to a late intraday high $2,288.00. Ethereum broke through the first major resistance level at $2,251 to end the day at $2,270 levels. At the time of writing, Ethereum was down by 1.70% to… Source link