In this crypto digest, we will take a look at some of the most important news from crypto exchanges that came out during last month.
On Thursday, May 7th, the ETH rate resumes growth after a row of days “in the red”. Now Ethereum is generally trading at $207, having lost around 3% within the last 24 hours.
Bitcoin is still the most valuable digital asset and its security is being guaranteed by the community of miners and providers. Such providers as CoinFly eliminate fears of users about the centralization.
Buterin said that the annual token issuance with Ethereum 2.0 will be reduced to less than half of the current token issuance. There will be other developments like the accurate prediction of the transaction’s optimal fee amount.
The cryptocurrency market has regained over 100% from the March 12 flash crash leaving the stock markets far behind after they gained 36%. The majority of coins are in the green now.
The crypto market is in the green today. Bitcoin has gained over 11% within the last 24 hours, while Ethereum is 10% up.
Ethereum bulls have continued to outperform themselves in April in spite of the coronavirus-related volatility. Ethereum (ETH) price proves that it has the potential to rise to $200 despite retreat to $170 support.
Cryptocurrencies continue to correct without any significant fluctuations in either direction. A lot of assets are stuck inside their respective “Triangle” patterns, thus indicating an extremely low volatility.
We are now one step closer to the launch of the latest version of Ethereum, ETH 2.0, that is expected to be faster and more scalable than the existing network.
DForce DeFi Protocol was recently hacked and up to $25 million of customers’ crypto in Bitcoin and Ethereum was lost due to an entirely-known exploit that exists on an ETH token.
Today, on Thursday, April 16th, the Ethereum price is growing steeply. The coin is generally trading at 169.70 USD.
Bitcoin price has climbed back to $7,000 after the recent fall below this level. Ethereum, meanwhile, has gained over 8% in 24 hours. ETH is trading for around $170.
The cryptocurrency market is correcting again. Assets are rebounding from their respective resistance levels while the potential for significant decline remains. On shorter timeframes, instruments are reversal patterns and some of them have already left rising channels.
Though Ethereum price is falling now, many traders think that a massive rally is underway as ETH 2.0 upgrade is getting closer.
Cryptocurrencies continue their slight growth and bulls have a lot of difficulties with conquering every level. It would seem that a long-awaited aggressive growth is right around the corner.