[ad_1] BTC has support at $19k but there are risks of a further sell-off. RSR continues with weekly gains. TON creeps into the top 40 coins. BTC Bitcoin is 1.65% higher over the last seven days and some analysts see it as a positive due to stocks being lower. But the 2017 high in stocks was around the $20,000 level and we need to see a bounce in BTC here. The Chairman of the Commodity Futures Trading Commission (CFTC) Rostin Behnam said last week that any CFTC regulation could have significant benefits for the crypto industry, including a potential boost…
Author: Kevin George
[ad_1] XRP rallies on positive court case outlook. Vitalik Buterin wants Zcash and Dogecoin using PoS. XDC completes its own scalability upgrade. XRP XRP was higher by 45% over the last week after positive comments regarding its ongoing court case with the Securities and Exchange Commission (SEC). Both parties filed for summary judgments, however, it was Ripple that seemed more bullish about the outcome. XRP Price Index Ripple’s attorney Stuart Alderoty has been confidently discussing the lawsuit on Twitter. Alderoty said that the SEC has not been able to “satisfy a single prong of the Supreme Court’s Howey test.”…
[ad_1] Ethereum plunges 20% after Merge upgrade. XRP rises ahead of court case finale. Celsius leads the gainers and LUNA crashes on arrest warrant. ETH The Ethereum price slumped this week after the long-awaited completion of the project’s Merge upgrade. The move from proof-of-work (PoW) to proof-of-stake (PoS) architecture has been a hot topic for the market this year, and speculative interest grew in the coin as the date came closer. Some investors hoped for a rally on the upgrade, but the end result is a cleaner cryptocurrency, which is 99.95% less energy-intensive, according to the project’s developer. That will…
[ad_1] BTC was over 10% higher ahead of the latest U.S. inflation data. ETH closes in on Merge upgrade. LUNA and GLM strongest. BTC BTC Price Index Bitcoin saw gains of over 10% this week as traders piled in at the recent lows. Optimism over Ethereum’s Merge and hopes for a drop in U.S. CPI numbers are fuelling a cryptocurrency rebound. The inflation number released tomorrow is expected to show a cooling in prices from 8.5% to 8.1%. That will give traders some hope that the Federal Reserve and other central banks will start to slow the pace of…
[ad_1] Ethereum dislocates from BTC as Merge approaches. ADA was boosted by its own upgrade. ERG and RVN lead race for new miners. ETH Ethereum was 8% higher this week as the coin gets a boost from the upcoming Merge upgrade. Bitcoin was weaker with a -0.25% loss over the last seven days. ETH Price Index In a momentous move, ETH will switch from a Proof-of-Work (PoW) consensus to Proof-of-Stake (PoS). The upgrade has been years in development and will improve the speed, energy usage, and scalability of the blockchain. However, Ethereum developers have said that gas fees will…
[ad_1] BTC under pressure with inflation risk and Mt Gox fears. ETH whales move onto exchanges ahead of Merge. XRP pumps and dumps on whale moves. BTC Bitcoin was back testing the $20,000 level over the weekend as Federal Reserve policy expectations weighed on risk assets. BTC Price Index The world’s largest cryptocurrency by market cap suffered after comments from Federal Reserve Chair Jerome Powell. Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. …
[ad_1] ETH price slumps 18% as market wobbles again. EOS and CHZ are rare gainers on the week. APE NFTs risk forced liquidation. ETH The Ethereum price was sharply lower last week with an 18% drop as inflationary fears resumed. ETH was hovering above the $2,000 level as we started the week but was at $1,600 after another move lower. The decline in cryptocurrency markets started during overnight trading ahead on Thursday after higher-than-expected inflation data from Germany. The country’s annual producer inflation figures rose to a record high of 37% in July, against expectations of 32%. This was alongside…