In the case of Wednesday, June 18, Solana (SOL) had a rocky day of trading. It fell under $145 but soon shot back up as U.S. trading kicked off. The biggest downturn was a 9% drop, as illustrated with three red candles in a row. At one point during this...
While the price of Ether (ETH) may experience dips and fluctuations, a notable trend has emerged: increasing institutional interest in Ethereum staking. This divergence raises important questions about what is actually driving institutional adoption. It challenges us to reconsider Ethereum’s future. Writer and artist Lee Chia Jian blends blockchain analysis...
In short, Bitcoin miners are under acute financial stress. In June, transaction fees fell to a three-year low, accounting for under 1% of total block rewards. This overall downward trend as well as the recent halving event are all taking a toll on miner profitability. After dipping below $75,000 in...
Ethereum’s price is moving again up towards the $2,600 level, backed by daily increases in institutional purchase to the tune of over $200 million. Despite the bearish macro backdrop, ETH—the second-largest cryptocurrency by market capitalization—has been trending upwards and exhibiting bullish momentum, currently trading around $2,500. This surge is being...
Sentinum is one of several fast-growing players in the Bitcoin mining industry. They created an ambitious corporate goal of achieving a $41 million annual Bitcoin mining run rate. As you can see, this projection is based almost entirely on Bitcoin reaching a price of at least $108,000. This year’s estimate...
The Bitcoin ETF approval was the shot heard ’round the world for all things crypto. We all witnessed the free market react with optimism to this surge of institutional interest, sending BTC to all time highs. Ethereum made the same move but unlike the above with a whimper, not a...
Ethereum, the second-biggest cryptocurrency by market cap, has been experiencing a staking frenzy lately. Simultaneously, its price has skyrocketed. This phenomenon has resulted in a double whammy of reduced sell pressure and bullish outlook for the digital asset. This piece will explore the interdependent relationship between these two factors. We’ll...
Well, ETH is pumping up to a two-week high, staking’s mooning. Are we really surprised? It seems like only yesterday that we were preparing for the shockwaves from the Merge. Now, it looks like everyone has turned into staking experts! Let's pump the brakes a bit. While the allure of...
Today, cryptocurrency investors are all abuzz. The Securities and Exchange Commission (SEC) appears to be speeding up its approval process for Solana (SOL) exchange-traded funds (ETFs). Yet, this move has sparked significant enthusiasm. This indicates that Solana could very soon become the third cryptocurrency after Bitcoin and Ethereum to be...
Now, picture a world where access to those tools isn’t determined by the banks and institutions with which they’ve partnered, but by code and community. That’s the power of Ethereum, and it’s why, despite the haters, the best is yet to come. The suits on Wall Street are finally figuring...
