Fees paid to process transactions on the Ethereum [ETH] network are at a one-year low, data from IntoTheBlock revealed. This can be primarily attributed to the movement of transactions. These were previously executed on mainnet Ethereum to Layer 2 scaling solutions (L2s). At the time of writing, the total fees paid to use the Ethereum network stood at 1,490 ETH. A year ago, this was 5,280 ETH. After registering a high of 81,750 ETH as total fees on 1 May, Ethereum saw a… Source link

On Friday, August 19, the total crypto market capitalization dropped by 9.1%, but more importantly, the all-important $1 trillion psychological support was tapped. The market’s latest venture below this just three weeks ago, meaning investors were pretty confident that the $780 billion total market-cap low on June 18 was a mere distant memory. Regulatory uncertainty increased on Aug. 17 after the United States House Committee on Energy and Commerce announced that they were “deeply concerned”… Source link

The crypto market is experiencing a correction with Bitcoin and Ethereum giving back their gains from previous weeks. The general sentiment in the sector was optimistic but could take a blow if main cryptocurrencies lose their current levels. At the time of writing, Ethereum (ETH) trades at $1,690 with a 10% loss in the last 24 hours and 7 days, respectively. The cryptocurrency has preserved a critical support zone at $1,700 that was turned from major resistance into support. ETH’s price… Source link

Advertisement &nbsp &nbsp Every day in the world of cryptocurrency, new coins are released. While most are not always up to standard to survive the harsh crypto world, others make it far enough and become very well-known and promising. Take a look at a new coin set to be released soon and how it stands with already successful ones. Is Petrousus (PSUS) The Token Everyone Is Waiting For? Petrousus (PSUS) is a new cryptocurrency with plans to take the… Source link

rayisa Bitcoin: This Time Is Different! As opposed to the grassroots movement it once was, institutional fund flows primarily drove Bitcoin’s (BTC-USD) most recent bull trend. In 2020, the US Federal Reserve lowered interest rates to 0 and provided over $2.3 trillion in loans to support the economy. This, combined with Covid-19 stimulus checks given directly to citizens, worked to funnel billions of excess liquidity into the crypto casino. BTC:USD – 2W (TradingView) With Bitcoin’s unraveling… Source link

Text size Bitcoin fell below $22,000 on Friday. Dreamstime Bitcoin sank to below… Source link

Litecoin price analysis is bearish as LTC/USD depreciates to the $54.80 mark after a bearish run. The bears have taken over the price charts once again and have pushed the prices below the $54 mark. The market is currently facing resistance at $61.50, and if the bears continue to exert their pressure, we could see Litecoin prices decline further to support levels of $54.47. The bulls had tried to enter the market but were unable to sustain the prices above the $61 mark, which resulted in a… Source link

Bitcoin prices have been steadfastly earthbound since June’s crypto credit crunch rather than going to the moon. The world’s most actively traded digital token has been hovering at around $21,000-$24,000 in the last six weeks, a haven of relative tranquility after the rollercoaster of the last two years. For believers, a pause was perhaps needed after a 70 per cent drop in value since November. The memory of May and June — when the collapse of the now infamous (un)stablecoin… Source link

Tomiwabold Olajide Price of Bitcoin dropped as much as 9%, hitting its lowest point since late July According to Cryptoquant data shared by Ali Martinez, Bitcoin miners appear to have profited from the last Bitcoin price rise above $25,000. According to the chart provided, miners sold 5,925 Bitcoin for a total value of almost $142 million during the past two weeks. This demonstrates that following the recent price increase, aggregate miners seized the chance to take some liquidity,… Source link

Litecoin’s price has been on a bullish run since the past month, with the coin seeing a 25.18% growth in its price action. Following the broader market cues, the growth of the coin has been consistent over the past month Source: TradingView One of the reasons for Litecoin’s substantial growth could be the increasing interest from whales in the recent past. Source: Messari From a steep low that was seen on 26 July, the interest from whales can be seen increasing at a steady… Source link