Ethereum, the second-largest cryptocurrency, has been on a roller coaster ride lately. After a major dip in early August, it’s showing signs of recovery. A Big Crash, A Bigger Bounce? Last week’s crash sent Ethereum’s price plummeting to $2,112, the biggest drop of the year. But the coin has bounced back, gaining 8% in the…
Even though Ethereum’s price has jumped by 21% in the past week, only two-thirds of its holders are currently making money. Many Investors Still Holding Losses The recent price drop in Ethereum really hurt a lot of investors. The price went from a high of $3,400 to a low of $2,100 in just a week….
The crypto market is showing signs of life again, with investors pouring money back in. Last week alone, digital asset investment products saw a whopping $176 million in inflows, according to CoinShares. Ethereum Takes the Spotlight Ethereum is the clear winner, attracting a massive $155 million of that total. This is the highest inflow for…
A popular crypto trader is predicting a big surge for a Solana-based memecoin called Dogwifhat (WIF). He believes the coin is about to break out of a pattern that often signals a bullish reversal. Dogwifhat (WIF) on the Move The trader, known as Bluntz, says WIF is poised for a major rally. He thinks it…
The crypto world saw a slight increase in venture capital (VC) funding during the second quarter of 2024, but the number of deals actually went down. Funding Up, Deals Down Crypto startups received $2.7 billion in VC funding during the quarter, a 2.5% increase from the previous quarter. However, this represents a nearly 10% drop…
A new experiment funded by tech mogul Sam Altman has shown that people who receive free money tend to work less. The Experiment: The study, called “The Employment Effects of Guaranteed Income,” gave 1,000 low-income individuals $1,000 per month for three years, no strings attached. The Results: While the extra money helped participants with basic…
Cryptocurrency markets are stuck in a rut, according to popular analyst Benjamin Cowen. He believes that the Fed’s tight monetary policy is holding back the crypto market’s growth. Fed’s Tight Grip Cowen, who has a massive following on YouTube, says Bitcoin has been slowly declining since March due to the Fed’s reluctance to loosen its…
A crypto analyst, known as “Sensei,” is super bullish on Bitcoin and thinks it’s about to break out of a bear trap and skyrocket to $72,000. Sensei’s Predictions Sensei has been studying Bitcoin’s price charts and sees a pattern that suggests a big jump is coming. He believes that Bitcoin’s recent drop was actually a…
The crypto market has been on a bit of a rollercoaster lately, with Bitcoin hitting a new high in March. But something feels different this time around. Missing the Magic According to Pacman, a crypto expert, this cycle lacks the “transformative technologies” that usually drive adoption and excitement. Previous cycles saw things like: Initial Coin…
Ethereum gas fees, the cost of sending transactions on the network, have been dropping dramatically. This has some people worried. Fees Hit Rock Bottom The average gas fee has fallen to a ridiculously low 0.82 Gwei. This is the lowest it’s been in years. Why the sudden drop? It’s all about the number of transactions…
