Arman Shirinyan Thanks to burning mechanism, Ethereum is slowly turning into profitable network Prior to the Merge update and the continuous reduction of issuance, Ethereum has been the “unprofitable” blockchain, just as any cryptocurrency network on the market. However, the situation has changed. The “profitability” of a blockchain is not the same as the profitability of a company in traditional finance. Technically, the subtraction of new issuance from fee burns is what allows us to… Source link

Arman Shirinyan One of biggest Ethereum wallets on chain is not owned by conscientious investors After the alleged FTX “hack,” the programmer’s wallet reached the $280 million threshold, making it one of the biggest wallets on the blockchain. However, the lack of predictability might cause serious problems for the market. By taking an enormous volume of funds off of the exchange, the hacker acquired control of a large chunk of funds that he later exchanged for Ethereum and sent to yet… Source link

Crypto fund Pantera Capital says that the next Bitcoin (BTC) halving event will spark a bull rally beginning in early 2024. Pantera Capital CEO Dan Morehead and other executives are telling investors that the price of Bitcoin is likely to bottom throughout November and pick up steam ahead of the next halving. A Bitcoin halving event is when miners’ block rewards are cut in half and, as a result, the supply is crunched. In the past, Bitcoin’s price has rallied before and after… Source link

Top Ethereum whales were accumulating in a style that could lead the altcoin king to a price correction Based on the price-DAA divergence, ETH was far from being undervalued. Hence, the assumption could be valid The recent market turbulence ensured that crypto prices faced a downturn, from which Ethereum [ETH] was not exempted. However, investors who might have expected some respite could be dealt a blow due to the recent whale action. Here’s AMBCrypto’s Price… Source link

Ether was recently changing hands at about $1,250, up more than 3% from Monday, same time. Other major altcoins spent much of Tuesday in the green with the SRM, CEL and FTT tokens of embattled ventures Serum, Celsius and FTX jumping by well into the double digits over the past 24 hours. FTT was, nevertheless, recently trading at $1.80, a fraction of its near $36 highs earlier this year. Source link

“A lot of the times, the very first move is not the move that sustains because that’s the position adjusting mode,” Bob Iacchino, Path Trading Partners co-founder and chief market strategist, said. “In other words, people have positions based on what they think the result is going to be, and when they get the exact result, they exit positions.” Source link

“A lot of the times, the very first move is not the move that sustains because that’s the position adjusting mode,” Bob Iacchino, Path Trading Partners co-founder and chief market strategist, said. “In other words, people have positions based on what they think the result is going to be, and when they get the exact result, they exit positions.” Source link

Bitcoin (BTC) spiked to $17,000 at the Nov. 15 Wall Street open as fresh United States economic data continued to show inflation cooling. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Good” PPI boosts risk assets Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came closer to multi-day highs. Volatility had returned an hour before the open as the U.S. Producer Price Index (PPI) came in below expectations. Core PPI was unchanged month-on-month, with the… Source link

Today’s price of LTC (Litecoin) is back in line with what it was at the beginning of November.  Indeed, after falling below $50 on 9 November, it has now risen again to $58, after also standing at $63 last Friday.  At the beginning of November, the price was $55, which is lower than it is now. However, on Monday 7 November it had risen as high as $72.  This is thus a positive moment for the price of LTC, given that, for example, the current prices of Bitcoin and Ethereum are still… Source link

The Ethereum price has risen by 1% in the past 24 hours, with its current level of $1,269 marking a 15.8% rebound since reaching a five-month low of $1,095.18 on Thursday. This low came amid fallout from the FTX collapse, which continues to threaten the market with the possibility of contagion. The ETH price is now 72% down in the past 12 months, marking its worse year since 2018 when it plunged by over 90%. And while Ethereum has… Source link