Despite the ongoing cypto bear market, many top cryptocurrencies posted double-digit percentage gains over the week.
Bitcoin had no such luck. Bitcoin only rose 5.5% over the last seven days and currently trades for $24,460 according to CoinMarketCap.
Ethereum rallied much harder. The No. 2 cryptocurrency and leading blockchain for high-functionality smart contracts is up 16% in the past week to $1,984 at the time of writing, after peaking at $2,012 late on Friday night.
The excitement around ETH is all about the upcoming merge, when Ethereum will transition to a more energy-efficient proof-of-stake (PoS) blockchain. Goerli, Ethereum’s third and final testnet, successfully switched over on Wednesday evening.
On Monday, Glassnode data revealed that Ethereum derivatives traders are “extremely bullish” for September, the month of the merge, but will lean bearish by October.
On Coinbase’s most recent company earnings call, the company reiterated its emphasis on staking as part of its...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...