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…
POS Model
ETH Price Roars towards $3K as Radical EIP-1559 Upgrade Goes Live
The ETH price logged an impressive rebound towards $3K on August 5 after the much-awaited EIP-1559 software upgrade to the Ethereum blockchain debuted. The network adjustment, which is part of a broader move toward ETH 2.0, swiftly countered the downtrend seen in recent days as optimism from traders poured in. The supply-focused update sparked a sudden burst of enthusiasm amongst investors that pumped the ETH price 8% to highs of $2,820. The momentum also propelled the biggest ETH rivals, BNB…
4 years ago