Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Opinion
An In-depth Look At The Soaring ETH Gas Fees and Mining Revenues
The Ethereum (ETH) price rallied to a new all-time high of $2,544.30 following the implementation of the Berlin hard fork that went live on April 15 at block 12,244,000. ETH, the native cryptocurrency of the Ethereum network, has now logged gains of over 220% since the start of 2021. Over the past few months, the ETH price pump has resulted in increased demand for the network, resulting in ridiculous gas fees and sluggish transaction times. The blockchain is now pretty…
4 years ago
WMA: Bitcoin Sets New ATH before Losing $8,000 Amid Negative Rumors
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The crypto market ends the week with a total market capitalization of $1,959 trillion. Bitcoin lost nearly 9% of its value to fall by almost $10,000 from $64,000 this week. Ethereum set a new ATH for the third week in a row but lost 2% over the week. XRP lost almost 10% of its value during the past seven days. Binance Coin also set a new…
4 years ago
Flashbots Dominate Ethereum’s Transaction System, Reducing Gas Fees
A recent social media user took to Twitter on April 11, 2021, mentioning that Ethereum gas fees have reduced significantly due to the emergence of Flashbots. According to Stephane, the user in question, a mining pool, commented on the issue, saying that traders are ditching their PGA bots as Flashbots bring lower gas fees. Meanwhile, another Reddit user commented on the same, explaining that the gas fees decreased by 50% in the last 24 hours, moving from 120 gwei to…
4 years ago
WMA: Bitcoin Rejected Again at $60k but Altcoins Record Historic Gains
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,056 trillion. Bitcoin increased by nearly 3% but still couldn’t overcome the $60,000 barrier. Ethereum sets a new ATH for the second week in a row after a 4% increase. XRP increased by roughly 135% after a minor victory in the lawsuit against SEC. Binance Coin increased by almost 40% to set a new…
4 years ago
WMA: Bitcoin fails to overcome $60k but ETH and BNB set new ATH records
Get the weekly summary of cryptocurrency market trends, news, and forecasts! THIS WEEK’S SUMMARY The Crypto Market ends the week at a total market capitalization of $1,928 trillion. Bitcoin increased by more than 4% over the week despite losing over $3,500 on Sunday. Ethereum increased by roughly 21% over the week to set a new all-time high record. XRP continues to grow with another 10% value boost. Binance Coin also set a new ATH after a 27% increase in the…
4 years ago
A Look at Bitcoin Fungibility and Why It’s So Important
Bitcoin fungibility has long been the center of a debate that has waged on since its early days. In Bitcoin's infantile stage, most people wrongly believed the coin to be anonymous. However, nowadays, it’s well-known that Bitcoin isn’t private. In most ways, due to its open blockchain, it’s quite the opposite. This realization has led to some heated debates regarding the world's fungibility's first cryptocurrency. What is fungibility To understand the Bitcoin Fungibility debate, you first need to understand what…
4 years ago
WMA: BTC Fails to Break Past $60k while Traditional Markets Take a Dive
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,758 trillion. Bitcoin lost more than 2% value in comparison to last Sunday. Ethereum lost nearly 5% in value over the week. XRP continues to rise with an 8% increase. Binance Coin and Theta each registered a surprising value boost. The DeFi sector lost almost $5billion from the total value protocols (TVL). Crypto Trends…
4 years ago
WMA: Bitcoin Loses the $60,000 Level but Most Altcoins Surge
Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,774 trillion. Bitcoin lost nearly 5% in value in comparison to last Sunday. Ethereum lost roughly 4% in value over the week. XRP is back on the rise with a 13% increase. Cardano, Polkadot, and other altcoins continue to increase in value. The DeFi sector lost less than $1 billion from the total value…
4 years ago
Ethereum to Overhaul Its Transaction Pricing Mechanism with EIP-1559 Upgrade
Ethereum is about to reach one of its biggest milestones in recent memory with the rollout of a long-anticipated upgrade that overhauls how the network handles transaction fees. Dubbed the Ethereum Improvement Proposal 1559 (EIP 1559), the upgrade is scheduled for inclusion into the network's codebase this coming July. Ethereum CEO Vitalik Buterin originally proposed the EIP in 2019. ETH users are required to pay a gas fee for each transaction they make on the blockchain. Currently, the fee is…
4 years ago