Had you invested just $5,000 in Ethereum (CRYPTO:ETH) at the beginning of the year, your investment would be worth more than $22,360 as of Aug. 28. Its namesake network is advancing far beyond the realm of making uni-dimensional monetary transfers like Bitcoin (CRYPTO: BTC) or even smart contracts. Instead, it is rapidly evolving into a cyberorganism where decentralized digital infrastructures and marketplaces alike are developing on this network. 

Cryptocurrencies have experienced waves of volatility over the past year, but they’re steadily gaining traction among investors. Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Cardano (CRYPTO:ADA) are three of the biggest names in the crypto space, and they’ve all experienced explosive growth. The price of Bitcoin is up by more than 300% over the past 12 months, Ethereum has soared by roughly 700%, and Cardano has increased by a whopping 2,350% in… Source link

Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet. Meanwhile, Bitcoin’s price faces a crucial resistance to break through, while Ether (ETH) is already cracking that resistance, hitting a three-month high versus BTC and facing a run toward the next resistance around the all-time high. The primary question is now whether this… Source link

Bitcoin (BTC) will become a legal tender in El Salvador officially on September 7, and the government is now betting big on the cryptocurrency. El Salvador Sets Up A $150 Million Bitcoin Trust Fund The El Salvador government has shown its commitment to Bitcoin after setting up a $150 million trust fund. The trust fund was approved by the finance commission of El Salvador’s Legislative Assembly, and it is expected to be used to support the country’s plan to make BTC a legal tender. El… Source link

Ethereum’s native asset Ether (ETH) has extended its rally on Sep. 1 to log multi-month highs against Bitcoin (BTC) and the United States dollar (USD). The ETH/BTC exchange rate rose 3.13% to hit 0.07475 for the first time since June 9. Meanwhile, bids for ETH/USD climbed 3.4% to $3,546, the highest since May 18, showcasing a renewed upside sentiment in the second-largest cryptocurrency market after it consolidated sideways for more than three weeks. ETH/USD and ETH/BTC daily price chart…. Source link

jpgfactory / Getty Images When it comes to cryptocurrency, most people have heard of Bitcoin and Ethereum, the two biggest cryptos with market caps of more than $896 billion and more than $414 billion, respectively, according to CoinMarketCap. In the world of altcoins, one name typically comes to mind: Dogecoin, popularized by billionaire Elon Musk. See: What Are Altcoins — and Are the Potential Rewards Worth the Risks?Find: Ready to Invest in Cryptocurrency? Get Started With Just $1 However,… Source link

Bitcoin (BTC) revisited weekly lows on Sep. 1 as the new month got underway with a fizzle rather than a bang. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin lingers in “price stability” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $46,530 on Bitstamp overnight, its lowest since Aug. 27. With $50,000 out of reach, price action continued to diverge “remarkably” from strong on-chain metrics and fundamentals. For analyst Willy Woo, who… Source link

Ethereum started a steady increase and it cleared $3,400 against the US Dollar. ETH price is showing positive signs and it might accelerate further above $3,500. Ethereum started a steady increase above the $3,350 and $3,380 resistance levels. The price is now trading above $3,400 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,425 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate further higher if it… Source link

A lot of energy and money comes from these mining rigs.  Getty Images … Source link