The past year has witnessed significant changes within the Ethereum community since the implementation of the Merge. One of the notable developments is the shift from a proof-of-work (PoW) consensus to a proof-of-stake (PoS) consensus. This transition has resulted in the burning of approximately 980,000 ETH, marking a shift towards a deflationary model for Ethereum.
Bitcoin
The Turkish Lira (TRY) has emerged as the dominant fiat currency in Binance, signaling a notable shift in global dynamics and crypto adoption. According to Kaiko, a blockchain analytics firm, a staggering 75% of all fiat volume on Binance is denominated in Turkish Lira. This significant trend positions the Turkish Lira ahead of other prominent
The XRP price has been the talk of the cryptocurrency community lately, with numerous bullish predictions making headlines. One of the most striking forecasts comes from a pseudonymous crypto analyst known as Lord XRP, who believes that XRP could reach an astonishing $10,000. In this article, we will critically analyze this prediction and assess its
Cryptocurrency enthusiasts have been closely following the developments surrounding XRP, and the latest prediction comes from crypto analyst EGRAG CRYPTO on X. In a recent post on September 12, EGRAG CRYPTO expressed his belief in the “incredible potential” of XRP based on historical price data. By analyzing the altcoin chart on Tradingview, he projects a
The cryptocurrency market has faced significant challenges this year, with institutional investors increasingly pulling out. However, while this trend has affected various assets, Ethereum has been hit particularly hard. The outflows from Ethereum have led to a decline in total assets under management (AuM), highlighting a growing aversion from institutional investors toward the cryptocurrency. Ethereum’s
Bitcoin, the world’s most valuable cryptocurrency, is currently experiencing a significant decline in price. On September 11, the digital asset reached a low of $24,951, a steep drop from its previous highs in H2 2023. This unexpected dump occurred during the early trading hours of the New York session, causing widespread panic among investors. Bearish
Binance Coin (BNB) has encountered a setback as it retraced from its overhead resistance for the third time in just two months. This downward trajectory has formed a falling wedge pattern, which is characterized by declining peaks and troughs confined within two converging trend lines. The latest data from CoinGecko shows that BNB is currently
Bitcoin has shown signs of recovery as its price gradually moves higher above $26,000. Despite this upward movement, the cryptocurrency is currently struggling to clear the $26,500 resistance zone. Bitcoin managed to stay above the $25,350 support zone, thanks to the efforts of bullish investors. They protected against a major downside break and successfully pushed
JPMorgan has recently revised its estimation of Bitcoin’s production costs, capturing attention within the industry. Previously, the banking giant had set the production cost at $21,000, but it has now been lowered to $18,000. This adjustment came as a result of the Cambridge Bitcoin Electricity Consumption Index (CBECI) updating its methodology. It highlights the significance
Bitcoin’s price has been consolidating in a narrow range above the $25,650 support zone, as bulls aim to push the cryptocurrency above the crucial $26,200 resistance. However, there are several key obstacles preventing a breakout, and the market sentiment remains uncertain. At present, Bitcoin is trading below $26,000 and the 100 hourly Simple Moving Average,