Pinakabagong Balita sa Crypto at Market Updates

Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin - BitcoinEthereumNews.com

BitcoinHinulaan ng mga Analyst na Bumaba ang Bitcoin Sa lalong madaling panahon Ngunit Iminumungkahi na Bumili ng Bitcoin08 / 07 / 2022Balita ng Ethereum ng Bitcoin　　It is no secret that many cryptos have been experiencing a price plunge. As of June 18, the price of the worlds largest digital currency, Bitcoin, fell to about $17,622. This data was taken from Binance. Since then, there have been several conversations as to whether or not that price will be the lowest for the asset.　　A digital currency analyst from CryptoQuant has revealed the possible price of Bitcoin in the nearest future. cryptoquant is a recognized digital currency resource platform. According to the analyst, the $17,622 price mark may not be the lowest Bitcoin will see. However, this assumption is not very solid given the level it is at the moment.　　Crypto Winter Overview　　Many traders and investors are still doubting if there will be a positive change soon. Several pieces of information state the possibility that Bitcoin will still hit a price mark lower than $20K.　　The scenario has made several digital currency holders sell off their assets. Also, before now, certain major crypto firms have taken some hard decisions due to the bearish turn of

2022-08-07Bitcoin

ETH Price Analysis and Prediction - BitcoinEthereumNews.com

EthereumETH Price Analysis and Prediction08 / 07 / 2022Balita ng Ethereum ng Bitcoin　　Ethereum is trading at $1,707 as the sideways trading continues this Sunday. As written in yesterdays NullTX Ethereum price analysis and prediction, ETHUSD continues to trade within the $1,600-$1,700 range as the market awaits next week to decide its next move.　　Trading Volume Down, Bears Coming Out　　With the trading volume down significantly this Sunday, the crypto bears are coming out as market momentum falters. Bitcoin‘s 24-hour trading volume is at $15.5 billion, down 28%, while Ethereum’s volume of $10 billion shows a decline of 30% in the past day.　　The sharp decrease in trading volume makes sense this today is Sunday, and most traders are taking the day off. Moreover, with the two-month-long sideways market and lack of any substantial bullish momentum, cryptocurrencies are losing the interest of retail and institutional investors.　　Despite the decline in volume, the long-term potential for Bitcoin and Ethereum remains positive. Last week we saw Coinbase partner with BlackRock, opening up access to billions of funds to flow into Bitcoin, Ethereum, and other major crypto assets.　　In addition, CME Group, one of the largest options trading platforms, is scheduled to release Bitcoin and Ether derivatives at the

2022-08-07Ethereum

Analysts Discuss the Recent Bitcoin Steadiness - BitcoinEthereumNews.com

BitcoinAnalysts Discuss the Recent Bitcoin “Steadiness”08 / 07 / 2022Balita ng Ethereum ng Bitcoin　　The world of crypto has experienced something of a steady period. While many of the world‘s leading digital assets are nowhere near the highs they achieved in the final months of 2021, it’s good to see that bitcoin, for example – after hitting $19,000 and $20,000 – is flirting with the $22K mark, and other leading assets like Ethereum are begining to follow suit and hovering at the $1,100 level.　　What Is Going on with Bitcoin？　　Stephane Ouellette – CFA and founder of FRNT Financial – explained in a recent interview:　　At this point, $19,000 to $20,000 is quite simply prior highs from the last major bull market in 2017. The bitcoin and Ethereum futures curves are completely flat, implying that the market is also entirely uncertain of future direction.　　While things may have calmed down somewhat in recent days and weeks, there is still a huge possibility that something negative can occur. The crypto market remains as volatile and sensitive as ever, and it looks like its still in danger of going down more.　　Edward Moya – a senior market analyst at OANDA – explained bitcoin could fall depending on what

2022-08-07Bitcoin

Will Ethereum Be Harmed by New Forks? Vitalik Buterin Shares His Take - BitcoinEthereumNews.com

Alex Dovbnya　　New proof-of-work forks are highly unlikely to succeed, according to Vitalik Buterin　　Ethereum co-founder Vitalik Buterin has dismissed concerns regarding the brewing civil war within the community, Fortune reports.　　The Canadian programmer believes that potential hard forks are not going to cause any significant harm to Ethereum. Buterin says that the members of the community have rallied around the upgrade, which means that any attempts to launch competing versions of the chain are unlikely to gain much traction with disgruntled miners.　　The Ethereum co-founder claims that those who are advocating for forking the chain are opportunists who are desperate to capitalize on the merge event.　　Ethereum Classic, a hard fork that was launched in July 2016 after the infamous DAO hack, will attract those members of the community who want to stick with the proof-of-work consensus mechanism. Hence, new forks are unlikely to gain a significant portion of supporters within the ecosystem.　　According to data provided by CoinMarketCap, Ethereum Classic (ETC) is currently the 19th biggest cryptocurrency. The token recently experienced a significant rally in the run-up to the merge event.　　Ang Ethereum blockchain is expected to transition to the proof-of-stake consensus mechanism in September after years of demoralizing delays.n nAs of now, a few

2022-08-07Ethereum

Ethereum: What could go right if ETH truly decouples from Bitcoin [BTC] - BitcoinEthereumNews.com

Bitcoin EthereumEthereum: Ano ang magiging tama kung ang ETH ay tunay na magde-decouples mula sa Bitcoin [BTC]08 / 06 / 2022Balita ng Ethereum ng Bitcoin　　The king of altcoins has shared a close correlation with Bitcoin since forever. Needless to say, every move made by the king coin has had some impact on Ethereum. That dynamic is begining to change, however, and this might bear a good result for the second-generation cryptocurrency and its investors.　　Ethereum rises beyond Bitcoin　　Over the last couple of weeks, the crypto-market has fluctuated between bullish and bearish. Although on a macro time frame, Ethereum has gained significantly, recovering all the losses noted by it in June.　　In light of improving market conditions, ETH has also improved its standing and was trading at $1,721 at press time. After its recent 8.1% rally, the altcoin neared a critical zone. This would set Ethereum up for a rally until the arrival of the Merge on 19 September.　　The Fibonacci Retracement from its all-time high of $4,811 to the lows of $880 has brought forward critical zones for Ethereum, and the altcoin is close to one of them. The 23.6% Fib level, which acts as a solid base/support for any rally, coincided. In

2022-08-07Ethereum

BitMEX Founder Arthur Hayes Believes that Twin Catalysts can Send ETH Soaring 200% - BitcoinEthereumNews.com

EthereumBitMEX Founder Arthur Hayes Believes that Twin Catalysts can Send ETH Soaring 200% 08 / 06 / 2022Balita ng Ethereum ng Bitcoin　　Arthur HayesHayes predicts that ETH would decline marginally to the $1,600 mark　　Ex-chief executive officer of BitMEX Arthur Hayes predicted a huge rally for ETH(Ethereum) with two possibilities.　　In a blog post, Hayes said that a catalyst that can ignite a hard rally for Ethereum is the success of its upcoming switch to a PoS (proof-of-stake) mechanism that is likely to be launched in September.　　The upgradation of Ethereum mainet to merge with its Beacon Chain that already uses a proof-of-stake mechanism. The upgrade will support the upgraded version of Ethereum 2.0 that is aimed at managing network scalability problems by setting the stage for future upgrades.　　Haye said Upgrades of Ethereum should be successful, and other factors that can serve as a tailwind for Ethereum is the Federal Reserve again adopting a loose monetary policy.　　As per the data of The Coin Market Cap, while writing this article the price of ETH was $1734 US dollars.　　Haye said that Ethereum is the second most popular and reliable cryptocurrency globally, and the prices of ETH can reach $3562 US dollars.　　According to Hayes, the price of

2022-08-07Ethereum

Might MakerDAO risk market decline due to Ethereums Merge - BitcoinEthereumNews.com

EthereumMaaaring bumaba ang market ng MakerDAO dahil sa pagsasama ng Ethereum08 / 06 / 2022Balita ng Ethereum ng Bitcoin　　MakerDAO [MKR] has claimed that the much-anticipated Ethereum [ETH] Merge could do more harm than good to its network.　　Maker, the builder of the stablecoin – DAI – explained the implications of the Pagsamahin in a 22-tweet long thread on 5 July.　　Mga tugon:　　• Confirm merge support from key external asset providers that interact with the Maker Protocol and services bridging DAI out to other chains.　　Now, of course the Proof-of- Work (PoW) sa Proof-of-Stake (PoS) transition was supposed to solve Ethereums scalability problems. However, MakerDAO claimed that the forked tokens could affect its system. Ergo, the question – How？　　Not made enough　　Ang protocol ipinaliwanag that the Merge could lead to perpetual contract backwardation and negative funding. Additionally, MakerDAO mentioned that the launch itself could trigger selling pressure across chains existing on PoW.　　Another risk highlighted was the possibility of assets becoming worthless on already staked Ethereum (sETH). Maker considers this a big concern as it has operated lending protocols using the system. Additionally, it pointed out that lending protocols risk getting higher ETH deposit rates due to increasing liquidity owing to the fork merge.　　Other factors considered

2022-08-07Ethereum

Will Uniswap and Optimisms Massive Crypto Rallies Continue? Santiment Analyzes Top Ethereum Altcoins - BitcoinEthereumNews.com

crypto EthereumMagpapatuloy ba ang Uniswap at Optimisms Massive Crypto Rallies？ Sinusuri ng Santiment ang Mga Nangungunang Ethereum Altcoin08 / 06 / 2022Balita ng Ethereum ng Bitcoin　　Analytics platform Santiment is looking at two crypto assets recording triple-digit percent increases over a relatively short period of time.　　Starting with decentralized finance (DeFi) platform UniSwap (UNI), Santiment sabi ni that the crypto asset has appreciated by over 150% over a period of nearly two months.　　“Uniswap has been on quite the tear in the past seven weeks, decoupling from the rest of the altcoin pack in several instances, and jumping +153% since June 18th.”　　According to Santiment, the daily address activity of Uniswap has risen and large holders of the crypto asset also continue to accumulate.　　It‘s also great to see that shark and whale addresses have been accumulating heavier and heavier percentages of Uniswap’s overall supply since May. The 100k to 1m UNI addresses, in particular, saw a massive accumulation spike just two weeks ago. And continued price rises soon followed.　　And speaking of whales, the amount of large transactions (which we deem to be transactions valued at $100,000 or more) are rising back to May levels as well. We can clearly see the major clump of

2022-08-07Ethereum

What these metrics tell investors about Ethereums readiness for the Merge - BitcoinEthereumNews.com

EthereumWhat these metrics tell investors about Ethereums readiness for the Merge08 / 06 / 2022Balita ng Ethereum ng Bitcoin　　Kasama ang Pagsamahin set for a launch in September, does Ethereum look ready for the next big step？ For its part, ETH has registered an uptrend in price action over the month of July. However, the utility of Ethereum rests on many sectors of Web 3.0. While being the flagship altcoin, Ethereum heads other cryptocurrencies on a host of different fronts.　　Magsisimula na ang countdown　　The transition to a Proof-of-Stake mechanism is set to release on 19 September. This is being termed the biggest change pa on the Ethereum blockchain. Ethereum has responded well to the hype by taking the center stage among cryptocurrencies since early July. Ether has also performed in tandem with the growing hype surrounding Ethereum.　　data naitala on Nansen revealed that WETH remains the favorite token of smart money. There has been a dramatic increase in the accumulation of WETH since mid-April. Interestingly, the majority of smart money held WETH for a longer term, with 76% of tokens held for 1-2 years or more.　　Unique addresses have risen on the network from 150k to almost 490k within 12 months. This remains a

2022-08-07Ethereum

Ethereum Founder Vitalik Buterin Not Concerned About Pro- PoW Individuals - BitcoinEthereumNews.com

EthereumAng Tagapagtatag ng Ethereum na si Vitalik Buterin ay Hindi Nababahala Tungkol sa Mga Indibidwal na Pro-PoW 08 / 06 / 2022Balita ng Ethereum ng Bitcoin　　The highly-awaited Ethereum upgrade dubbed ‘The Merge’ has kept crypto enthusiasts on the edge of their seat. Naturally, the most excited of all is Ethereum founder Vitalik Buterin. To the unfamiliar, the Merge is primarily the transition of the blockchain network from PoW to PoS. It aims to mitigate the harmful impact on the environment due to PoW. Another primary goal behind the upgrade is to reduce the gas fees.　　Along with all the excitement, the upgrade has also gathered a fair amount of criticism with some even pushing for the continuation of “ETH PoW” after upgrade. But the movement doesn‘t stress out Buterin even a bit. Buterin says these are just “a couple of outsiders” who own exchanges and look to make some quick profit. Therefore, there is no substantial long-term adoption, according to him. Especially, only because of the fact that Ethereum Classic has a superior community and product for pro- PoW individuals. Buterin says everyone whom he has conversed with, believes in transition to PoS. However, there are still going to be “a

2022-08-07Ethereum

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