Ethereum Classic up over 150% in July as ETH 2.0 draws closer

Ethereum Classic’s (ETC) value increased by over 150% in July, making it one of the top performing digital assets of the month. The asset was trading at $36.50 as of press time after shedding over 11% in the last 24 hours. Interest in the asset reached a crescendo when Ethereum (ETH) developers revealed the date … Read more

Bitcoin dominance up 20% in 2022 – what does this mean?

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin (BTC) dominance continues to break through local highs, reaching 46.5%, while Bitcoin closed its ninth weekly red candle in a row. Dominance is a measure of Bitcoin’s share of the global crypto market cap. Source: Bitcoin Dominance on TradingView Until … Read more

Ethereum breaks support, drops to yearly low versus Bitcoin

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum has broken a support level it has held since November 2021 on the ETH/BTC chart. Ethereum, the world’s second-largest cryptocurrency by market cap, has fallen against Bitcoin by more than 20% since its peak in December. Source: TradingView Fear of … Read more

Bitcoin climbs as Fed confirms “inflation is much too high”

Bitcoin rose as much as 3% today as the chair of the Federal Reserve, Jerome Powell, directly addressed the American people, declaring that “inflation is much too high” and “we have the tools to bring inflation down.” Powell also gave the market some guidance as to what can be expected for the rest of the … Read more

BTC, ETH plummet amid US stock futures decline as investors prepare for Q1 earnings

The market price of bitcoin (BTC) dropped below $39,000 on April 18 in a declining trend during the Easter holidays. Meanwhile, ether (ETH) price fell below $3,000 for the first time since mid-March. The combined crypto market has lost almost $400 billion since early April, with analysts warning a “disaster in the financial markets” could … Read more

Bitcoin dips below $43k – UST backing not enough as Fed turns hawkish

The market price of bitcoin stayed pretty much flat for most of the first week in April. But as the U.S. Federal Reserve signaled higher and faster interest rate hikes, and quantitative tightening of its $9 trillion balance sheet, the general market took a turn downwards, and bitcoin (BTC) went down with it as the … Read more

Bitcoin flirting with $48,000 as hodlers kept buying throughout Q1

Long-term hodler have kept accumulating Bitcoin during the whole of the first quarter of 2022, and they are a big reason behind the bull run of the past week. According to data from IntoTheBlock, as bitcoin surpasses $48,000 again, the balance held by hodlers, addresses holding bitcoin for more than a year, is currently at an … Read more

Loopring (LRC) surges following GameStop’s NFT market beta launch

The price of LRC, the native token of Ethereum-based scalability solution Loopring, has jumped by up to 35% after the protocol officially announced its integration and the launch of GameStop’s non-fungible token (NFT) marketplace beta yesterday. The future of #NFTs are here + they’re powered by #Ethereum‘s second layer💙 Loopring L2 x @GameStop Power to … Read more

4 reasons why Ethereum is surging as the price climbs over $3,000

The macroeconomic and geopolitical environment surrounding crypto and the whole global economy has had its impact on the price action of cryptocurrencies in general, with the war in Ukraine as the overarching geopolitical disaster moving energy and commodities prices to dangerously high levels. However, In the United States, the Federal Reserve’s FOMC (Federal Open Market … Read more

Ethereum, buoyed by Merge upgrade, is currently outperforming Bitcoin

The promise of migration to a Proof of Stake network for Ethereum is positively affecting its price performance. For the first time in two weeks, ETH has crossed the $3,000 barrier and is now outperforming Bitcoin. While the talks of the transition have been going on for a long time, recent developments on the networks … Read more