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Ethereum Price Prediction as ETH Falls 10% – Time to Buy the Dip?


The Ethereum price has dropped to $1,664 today, representing a 0.4% fall in 24 hours and a 10% loss in the past week. ETH is also down by 11% in the last 30 days, with the altcoin's losses coming amid a period of market-wide negativity that has been caused macroeconomic fears (e.g. China)...

Market Strategist Draws Parallels Between Bitcoin and 1930 Stock Market Crash


Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has explained that bitcoin appears similar to the stock market in 1930. At that time, elevated equity prices led to the stock market losing almost 90%. The crash of 1929, also called the Great Crash, contributed to the Great...

Biggest Movers: LTC, ETC Rebound on Monday, Despite Bearish Sentiment


Litecoin was back in the green to start the week, despite the crypto market continuing to trend mostly lower. At the time of writing, the global market cap is down 0.59%, following a recent red wave. Ethereum classic also climbed higher on Monday, hitting a four-day high in the process. Litecoin...

Mining Bitcoin on Household Electricity Most Profitable in Asia, Study Finds


Despite significant variations in electricity rates and regulations, the Asian region as a whole has the lowest average cost of bitcoin mining for solo miners, new research shows. At the same time, the surge of energy prices due to Covid, heatwaves, and the war in Ukraine render bitcoin mining...

Bitcoin’s Transaction Backlog Surges Past 400,000


A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the average network fee remains under $1, since August 6, it’s fluctuated from $0.77, peaking at $2.59 per transaction just two days later on August...

Bankman-Fried Wants to See His Lawyers Outside Jail Five Days a Week


FTX founder Sam Bankman-Fried (SBF) is asking to be released from jail five days a week to work on his defense for the fraud trial against him set to begin in October. On Friday, Bankman-Fried’s lawyers complained to a judge in Manhattan that the currently proposed preparation time and regime...

XRP Price Prediction as Bulls Hold $0.50 Support Level – Time to Buy?


Ripple's (XRP) price has recently been trading at around $0.50, which is good news for those hoping for a price increase.  However, its value has dropped significantly in the past months due to an ongoing legal issue with the SEC and Ripple Labs, the company behind XRP. Currently priced at $0.50...

Biggest Movers: LTC, XRP Plunge 15% Lower on Friday


Litecoin was one of the notable movers during Friday’s crypto blood bath, as markets reacted to speculation that Spacex had sold over $370 million in bitcoin. Today’s sell-off saw the global market cap fall by roughly 6.20%, at the time of writing. XRP also fell significantly....

Bitcoin Price Prediction as BTC Spikes Up 1% – Time to Buy?


Bitcoin, the pioneering cryptocurrency, has witnessed a minor 1% spike in its valuation, prompting investors and enthusiasts to reevaluate their stance: is now the optimal time to invest?  Bitcoin's current price is $29,197 and its 24-hour trading volume is $12.2 billion. Upholding its dominant...

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