The increase of Ethereum has been driven by the decline in the US dollar which has dropped significantly lately. However, if positive economic data in the U.S. persist, the upward moving in the ETH/USD might come to an end.
On Tuesday, September 8th, Ethereum (ETH) is consolidating, generally trading at $347.97 USD. Since the beginning of the months, the rate of the main altcoin has dropped by 25%.
Today, Ziglu has announced that its customers can send cryptocurrency to other people, as well as buy and sell crypto from its app.
The price of Ether has dropped significantly over the course of the last week. After peaking at $486 last Wednesday, ETH dropped as low as $320 before recovering to roughly $336, where it sat at press time.
According to the blockchain transaction details, Ripple moved 1 billion of XRP in three portions. One consisting of 200 million, another consisting of 300 million, and the third one of 500 million.
On Thursday, September 3rd, ETH is trying to stabilize after a technical correction the day before. It is generally trading at $442.00 USD.
The latest frenzy around the Yield Farming DeFi protocol on Ethereum has got more investors lured to the Ethereum blockchain. Investors are hopeful that with the DeFi craze, ETH price will surge northward.
The crypto market is trying to grow after another correction.
This recent Bitcoin price upgrade recorded reveals the bulls have been able to keep the price away from its previous resistance level ($11,500) as crypto traders and investors now shift their focus on the $12,000 price level.
The sell-offs appear to be prompted by the pushback Bitcoin (BTC) is experiencing at the $12,000 price mark.
The attack termed as “Dogbyte” allows passive observers to access the secret project to break the security of the protocol. All it requires is the central coordinator to conspire with a participant according to ZenGo.
Bitcoin being tokenized on the Ethereum network will mean an increased activity in the Ether system, which has lately been related to high transaction fees.
Crypto-investors long Ethereum amid the upcoming Ethereum 2.0 transition despite the high transaction fee.
With the increase in Ethereum blockchain activity and amid the growth of ETH price, Ethereum miners were reported to have earned $500,000 in transaction fees in one hour – the biggest amount recorded ever.
Bitcoin’s price action on Monday, August 31st, was quite uncertain. Although it seemed like a double bottom pattern had formed over the weekend, the erratic behavior seen on this day left many scratching their heads.