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Ethereum – Page 5 – BitcoTasks BLOG
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THORChain Hard Forks: Why Is RUNE Down 70% And Still Dumping?

Cryptocurrency Market News

THORChain, a cross-chain decentralized exchange using Cosmos technology, successfully conducted a hard fork yesterday, September 4. However, while the update was highly anticipated, sellers still needed to press on, looking at the formation in the daily chart. RUNE Slumps, Drops 70% In 6 Months According to CoinMarketCap data, RUNE, the native currency of the THORChain…

THORChain Hard Forks: Why Is RUNE Down 70% And Still Dumping? Read More »

DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain

Synthetix

Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism’s Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism’s Superchain infrastructure.  For the uninitiated, Ethereum…

DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain Read More »

Ethereum Price Poised for Steady Recovery: Can It Build Momentum?

Eth

Ethereum price is attempting a recovery wave above $2,380. ETH must clear the $2,440 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,350 zone. The price is trading below $2,440 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at…

Ethereum Price Poised for Steady Recovery: Can It Build Momentum? Read More »

Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?

Ethereum

Ethereum is trading near its yearly low of $2,400 after an 18% drop from local highs. ETH has notably underperformed compared to Bitcoin and other altcoins like Solana this cycle, leading to investor concerns.  One of the key reasons for this underperformance is the lack of enthusiasm surrounding Ethereum ETFs. Metrics from these funds show…

Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH? Read More »

What Was Behind The Bitcoin And Ethereum Price Crash?

Bitcoin

Bitcoin (BTC) and Ethereum (ETH) have started September in the red, having already suffered price declines since the beginning of the month. This bearish sentiment towards the foremost cryptocurrencies and, by extension, the broader crypto market is due to several macroeconomic factors. Market Still Feeling The Effects Of The Yen Carry Trade Recent developments suggest…

What Was Behind The Bitcoin And Ethereum Price Crash? Read More »

Ethereum’s Plunge Could Be Over: This Key Pattern Signals A Rally Back To $4,000

Ethereum

Much like Bitcoin, Ethereum has faced significant challenges in recent months, struggling to sustain any major price rally. After reaching a peak of over $4,000 in March, Ethereum has been consistently declining, failing to break out of this bearish trend. So far, the second-largest cryptocurrency by market cap has seen its price drop by over…

Ethereum’s Plunge Could Be Over: This Key Pattern Signals A Rally Back To $4,000 Read More »

Ethereum Slides But Flips Bitcoin In This Key Metric: Time To Load Up?

Bitcoin News

Ethereum is down nearly 35% from July highs and roughly 40% from 2024 peaks. While there is hope among holders that the coin will expand, breaking local resistance, the short-term trend favors sellers. From the daily chart, not only is ETH struggling to gain momentum and push above $2,800, but sellers have been relentless, diffusing…

Ethereum Slides But Flips Bitcoin In This Key Metric: Time To Load Up? Read More »

Bitcoin and Ethereum Trading And Custody Services Rolled Out By Swiss Banking Giant ZKB

Ethereum

Leading Swiss bank Zurich Cantonal Bank is the latest financial entity to enter the crypto waters in Europe, as it unveiled Bitcoin (BTC) and Ethereum (ETH) trading services on September 4, 2024. Swiss Banking Juggernaut To Offer Crypto Services In its press release published today, the bank said its customers can avail 24/7 cryptocurrency trading…

Bitcoin and Ethereum Trading And Custody Services Rolled Out By Swiss Banking Giant ZKB Read More »

Crypto Market Update: Expert Anticipates Bull Run After Choppy August, Here’s Why

Cryptocurrency Market News

August proved to be one of the toughest months for the crypto market, marked by a significant decline in overall market capitalization, which fell to a six-month low of $1.96 trillion amid what analysts called “Black Monday.”  This downturn saw Bitcoin (BTC) plummet from $68,000 to approximately $49,000, igniting concerns among bullish investors. However, market…

Crypto Market Update: Expert Anticipates Bull Run After Choppy August, Here’s Why Read More »

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