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The overall feel across the cryptocurrency landscape over the past week has been one of bubbling anticipation, with the Ethereum network finally undergoing its London hard fork, which includes reforms to the transaction fee market, thanks to EIP-1559. London is the latest in a series of upgrades that are part of Ethereum’s measured transition from its original proof-of-work consensus model to a proof-of-stake model dubbed Ethereum 2.0. On Eth2, tokenholders who hold at least 32 Ether (ETH)… Source link

Bitcoin rallied near $43,000 on Friday as short positions continue to unwind from the second quarter sell-off. The world’s largest cryptocurrency by market valu is up about 1% over the past week compared to a 17% gain in ether over the same period.  Some analysts are optimistic about the broad crypto rally and see further upside, especially for ether. On Thursday, ether rallied past $2,600 as the latest hard fork upgrade, which was dubbed “London,” officially activated on the Ethereum… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Litecoin’s turning point was on 23 July after its price closed above its upper sloping trend. This marked a shift from LTC’s downtrend which extended from its late-May levels. The digital asset is now preparing to reclaim areas lost over several retracement stages in June. At the time of writing, Litecoin was valued at $144.8, up by 4.5% over the last 24… Source link

Key Takeaways Bitcoin has claimed $40,000 as support, generating a short squeeze.  More than $180 million worth of short positions were liquidated as prices rose. With shorts liquidated, BTC could climb to $47,600.  Share this article Bitcoin has sliced through a crucial resistance level that was preventing it from achieving its upside potential. Bitcoin is Breaking Out Bitcoin looks ready to rally. Doubters have been trying to short the asset in recent weeks, but prices continue to… Source link

The developers of Monero (XMR) recently discovered a bug capable of exposing transactions of its users. Even though the team is working to fix it, they have announced that users’ privacy is at risk as long as the bug remains. The Monero team made this announcement through their official Twitter account. They called it a “significant bug,” which they claim to have discovered in the crypto’s “decoy selection algorithm” This algorithm is a system that the network uses to hide… Source link

Crypto investors have thrown caution to the wind, as evidenced by the recent rise in the ether–bitcoin (ETH/BTC) price ratio, and the trend looks set to continue.  “ETH/BTC shows a bullish breakout, and that’s a sign of market-wide risk-on where alternative cryptocurrencies tend to outperform BTC,” Katie Stockton, founder and managing partner at Fairlead Strategies, said.  Some crypto investors see bitcoin, the biggest cryptocurrency by market value, and stablecoins as safe-haven… Source link

Bitcoin’s (BTC) price rallied to a multi-month high at $43,231 on August 6 and this allowed the digital asset to break free of the trading range it had been stuck in since May.  Data from Cointelegraph Markets Pro and TradingView shows that after trading sideways through the early morning hours on Friday bulls staged a rally that lifted the price of Bitcoin (BTC) to an intraday high at $43,231, its highest level since May 19. BTC/USDT 4-hour chart. Source: TradingView Throughout the week,… Source link

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On-chain analyst Willy Woo asserted that Bitcoin (BTC) would break above the $42,000-resistance level in its coming attempts. The researcher based his bullish analogy on the so-called Rick Astley indicator, a heat-map that tracks investors—the Rick Astleys of this world—that buy Bitcoin to hold the asset for longer timeframes. The indicator earlier predicted Bitcoin price spikes based on investors’ buying activity below certain technical resistance levels. Investors’ buy-and-hold habits… Source link