Bitcoin

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The Ethereum Merge came and went, leaving investors to ponder what the next trending development in the market could look like. In a Cointelegraph Twitter Space with Capriole founder Charles Edwards, the analyst mentioned that excitement over the Ethereum Merge and its bullish price action had somewhat been holding up hope across the market. Now that the event has come and gone, the crypto market has been selling off, with Bitcoin’s (BTC) price trading below $20,000 and Ether’s (ETH)… Source link

Bitcoin (BTC) exchanges have seen huge volumes this month as price declines lead to renewed interest in trading. Data from sources including on-chain analytics firm Glassnode shows exchange inflows hitting their highest since March 2020. “The scent of volatility is in the air” On Sept. 14, over 236,000 BTC made its way to the 1 major exchanges tracked by Glassnode. This was the largest single-day spike since the chaos that surrounded Bitcoin’s dip to just $3,600 in March 2020. Bitcoin total… Source link

While Bitcoin (BTC -1.77%) is still the No. 1 cryptocurrency in the world as measured by market capitalization, there are plenty of reasons to think other cryptocurrencies could eventually surpass it. Before this year’s crypto market retreat, the conventional wisdom was that Bitcoin was a hedge against inflation and a long-term store of value. Some even called it “digital gold.” But those assumptions are now very much in doubt. So which cryptos could might displace Bitcoin at… Source link

Bitcoin (BTC) attempted to violate local lows on Sep. 16 as the latest cross-crypto downtrend intensified. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView No relief for BTC bulls post Merge Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $19,600 at the time of writing, with buyer support just avoiding a further drop. The level had remained in place as an intraday floor as the Ethereum Merge concluded, only to spark a sell-off, which took Ether (

Text size Cryptocurrencies were tumbling Friday in tandem with the stock market. Ozan Kose/AFP via Getty Images … Source link

Incompatibility is inevitable when you have dozens of blockchain networks with their own smart contract formatting. This is why Bitcoin cannot simply be transferred to Ethereum in its original state. Bitcoins can be wrapped as Ethereum-compatible ERC-20 tokens, making that into Wrapped Bitcoin (WBTC). Wrapped Bitcoins are to Bitcoin what the USDT stablecoin is to the dollar. Both circumvent incompatibility via a new, compatible digital asset anchored into the original one. But, is there more… Source link

Some of these problems are to be expected given the sweeping and radical nature of the program. “Any sovereign nation that disrupts at a level as foundational as its monetary system will not do so without encountering unforeseen complications, initial gridlocks and the need for an adjustment period,” says Ian Gaines, communications director of the Bitcoin Policy Institute, which advocates for BTC adoption. Expecting such a program to reach its full potential in one year, he says, “is… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Text size Bitcoin prices have underperformed Ether in the weeks leading to “The Merge.” Dreamstime … Source link