In the two years since Ethereum underwent the Merge, its performance against Bitcoin has been on a downward trend. Once considered a powerhouse in the cryptocurrency world, Ether (ETH) is now teetering on the edge of undervaluation. This article will delve into the major factors contributing to Ethereum’s underperformance post-Merge. Inflationary Supply Dynamics One of
Crypto
Bitcoin, the most popular cryptocurrency, has experienced a significant drop in its market price on crypto exchanges. This decline marks the lowest price since the early August massacre when it fell below $50,000 for the first time. Despite reaching highs of $65,000 in previous weeks, the bears now seem to be back in control, with
Bitcoin’s price took a hard hit on Friday, only to recover some ground on Saturday and maintain above $54,000 since then. Despite heading towards $60,000 earlier in the week, a subsequent rejection led to a steep drop to $55,500 by Wednesday. With another lower high on Thursday, bitcoin slipped further to $55,200 on Friday as
A precedent-setting case in Scotland has resulted in the confiscation of approximately £110,000 worth of cryptocurrency from a 29-year-old individual named John Ross Rennie. This is the first instance where proceeds of crime legislation have been utilized to convert cryptocurrency into physical cash. The case was settled at the High Court in Edinburgh, where Rennie,
The U.S. Federal Reserve recently issued a cease-and-desist order against United Texas Bank (UTB), citing “significant deficiencies” in governance related to anti-money laundering (AML) laws and risk management for virtual currency customers and foreign correspondent banking. This order comes after an examination conducted in May 2023, revealing shortcomings in board oversight and senior management’s handling
Ethereum has been experiencing a significant downtrend recently, causing concern and unease among investors. The decline was triggered by a pullback to the lower boundary of a broken wedge pattern, accompanied by the formation of a death cross, where the 100-day moving average moves below the 200-day moving average. This series of events has reinforced
In the ever-changing world of cryptocurrency, one thing remains constant – the presence of whales. These large investors, known for executing transactions valued at $100,000 or more, play a crucial role in shaping the market. According to data intelligence firm Santiment, the top ten crypto projects with the highest increase in whale activity have been
The US jobs report released on Friday fell short of general expectations, with only 142,000 new jobs added in August compared to the anticipated 160,000+. This underwhelming performance brought the three-month average to 86,000, significantly lower than the 202,000 jobs added the previous year. Despite the lackluster job growth, there was a silver lining in
Toncoin (TON) has recently experienced a significant drop in price, with it currently trading 40% lower than its peak in June. This sharp decline has left nearly 80% of its investors at a loss, highlighting the impact of negative news on the cryptocurrency market. The price of Toncoin started declining after the arrest of Pavel
The current percentage of Bitcoin Unspent Transaction Outputs (UTXOs) in profit has reached its lowest point so far this year, resembling levels last seen back in October 2023. This significant decrease in the UTXOs metric coincides with the ongoing downward trend in the price of bitcoin (BTC) and the general decline in the cryptocurrency market.
