Analysts are optimistic about ETH as the cryptocurrency’s price is seen as preparing for a significant increase. When investors prepared for an enormous move in the altcoin with the Shapella upgrade.Analysts predict that the price of ethereum could experience a significant price increase to the $1,850 mark. Ethereum price tackled …
Read More »Ethereum attempts to cope with Bitcoin ahead of Shanghai upgrade
Ethereum’s large wallet investors have been buying ETH tokens consistently for the past week. The total value locked in the Ethereum deposit contract hit a new all-time high ahead of the Shanghai upgrade which is less than a month away. The Ethereum network has seen a resurgence in demand from …
Read More »Bitcoin witnesses best week in five years
At the time of writing, the price of one bitcoin is $26495. Bitcoin is on track for one of its largest weekly rises in recent memory, supported by bets on future interest rate reductions as the token weathers the financial sector’s turbulence.Since Monday, the biggest digital asset has increased by …
Read More »Market Drivers – US Session 26/02/2023
The US dollar began the new trading week extending positive performance although demand for the US currency diminished ahead of the US session’s opening, following a mixed United States Durable Goods Orders report. Later on the day, the dollar Index fell 0.52% to 104.725, reversing gains from last Friday driven …
Read More »What is the Shanghai hard fork of Ethereum?
The Shanghai hard fork of Ethereum, scheduled for March, will handle developer costs and tokens staked in the ETH 2.0 deposit contract. On February 28, the Shapella hard fork, which combines the execution and consensus layer forks of Shanghai and Capella, will go live on the Sepolia testnet.After the Merge …
Read More »What altcoins benefit most from Shanghai upgrade?
Shanghai upgrade that will come in force as of Monday, February 28, is expected to make withdrawals of the staked Ethereum possible but on a test network. Ethereum is trading at 1660.20 at the time of writing versus the previous closing price at 1642.20.Some altcoins that could rally as a …
Read More »US annual CPI data declines to 6.4% in January
The US Bureau of Labor Statistics reported on Tuesday that inflation in the United States, as measured by the Consumer Price Index (CPI), declined to 6.4% on a yearly basis in January from 6.5% in December. This reading came in higher than the market expectation of 6.2%. On a monthly …
Read More »Tuesday’s CPI could trigger selloff for Ethereum
Ethereum price trades in a very small range and seems to have only one element that could help avoid a small meltdown.Tuesday’s US inflation figure is expected to be the catalyst for the crypto asset. Ethereum price sees a pressure mountain around $1,490 with the monthly pivot for February under …
Read More »Coinbase begins with the second round of layoffs!
Cryptocurrency trading platform Coinbase has announced that it intends to lay off 20% of its employees and attributed this layoff to the need to conserve cash in light of the cryptocurrency market downturn, and the platform plans to cut 950 jobs, according to a statement released Tuesday, January 10. Coinbase, …
Read More »How will whale transactions influence Ethereum price?
Ethereum rebounded above $1,260 for the first time in three weeks, as whale transactions in the altcoin accelerated.Large wallet investors are interested in scooping up Ethereum as altcoins begin their recovery in 2023. Users are likely to prefer liquid staking as soon as they have completed their withdrawal from Ethereum’s …
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