Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million worth of ether has been burned, and at the time of writing, 136,606 ether has been burned. Over $432 Million in Ethereum Burned The Ethereum (ETH) blockchain is the second most valuable… Source link

By Matthew Sparkes Will the cryptocurrency be more widely used now that PayPal accepts it in the UK? mundissima / Alamy PayPal has two decades of experience in online payments and manages 403 million user accounts. So, it caused ripples when it announced on 23 August it would allow UK customers to buy and sell four cryptocurrencies: bitcoin prices rose to a three-month high. But will this – and last… Source link

Ethereum – The Calm Before the Price Storm A crypto market flippening is imminent as demand for block space allocation grows. Ethereum’s supply is contracting with the network having burned a total of 109,000 tokens since implementing the EIP-1559 Ethereum’s price level rising above the $3,200 mark is a bullish indicator for additional price increases. The prominence of ICOs, DeFi, and NFTs has emphasized that Ethereum retains smart contract platform supremacy, while also showing… Source link

After a mixed week for the majors in the week ending 29th August, it’s been a bearish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was down by 2.25% to $47,702.0. A mixed morning saw Bitcoin rise to an early morning high $48,924.7 before hitting reverse. Falling short of the first major resistance level at $49,713, Bitcoin slid to a mid-morning low $47,644.0. Bitcoin fell through the first major support level at $47,823 before briefly… Source link

Bitcoin (BTC) may score a new all-time high in 2021, but the odds are that it won’t happen next month. Historical price data confirms that September tends to see BTC price losses — and its best-ever returns are still single figures. September 2021 looks like a classic for BTC As Bitcoin matures, it becomes more noticeable that BTC/USD behaves in similar ways during the same month each year. Q4 is the clear standout for top performance, especially in the year following a block subsidy… Source link

Rich crypto investors are turning their attention back to Bitcoin (BTC) as its price continues to eye a breakout move above $50,000. Crypto-focused newsletter Ecoinometrics reported positive changes in Bitcoin holdings for addresses controlling 1,000–10,000 BTC. So, based on their rising account balances throughout August, Ecoinometrics spotted a renewed accumulation sentiment among “whales,” hinting that wealthy investors consider the current Bitcoin price levels as attractive to place… Source link

For the past week, the Litecoin price has been hovering below the key resistance level at $190. The coin has a total market capitalization of $11.5 billion. LTC ranks as the world’s 15th largest cryptocurrency, after Bitcoin Cash. Crypto Market According to Coinmarketcap, Litecoin’s total volume traded in the last 24 hours has fallen 14.30% to $2.16 billion. This indicates that most large holders of the coin are exiting their trades. The coin has slipped… Source link

This article was written exclusively for Investing.com  Collapse in April and May Consolidation and recovery A move near the midpoints Three factors supporting cryptos in early September Higher highs by the end of 2021 Over the past years, the burgeoning cryptocurrency asset class has provided market participants with a wild and volatile ride. The ascent of over the past decade has given new meaning to the term bull market. , the second-leading cryptocurrency, has also been a bullish… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 0.60% lower on Monday morning with a price above $48,000. The price was around $48,204 per coin, while rivals Ethereum and Dogecoin were trading around $3,203 (-0.21%) and 28 cents (+0.46%) per coin, respectively, according to Coindesk. Hedge fund billionaire John Paulson, who made a fortune in 2008 when he shorted the housing bubble, said in an interview published Sunday that he believes cryptocurrencies will eventually… Source link

Bitcoin (BTC) is keeping everyone guessing this week as another Monday starts below $50,000. After rangebound movements over the weekend, bulls are still waiting for a decisive attack on the $50,000 mark — could it happen now? Despite optimism from analysts, it seems that not even an “uber dovish” Federal Reserve has the fuel to push BTC/USD above crucial resistance. Cointelegraph takes a look at five things which could still provide Bitcoin with new momentum. Dollar comedown as stocks set… Source link