Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
This analysis is a guest contribution from Shane Neagle, Editor In Chief at The Tokenist.While the crash of Terra (LUNA) unsettled the crypto market in May 2022, it was the FTX exchange failure that definitively burst the bubble by the end of the year. Since then, interest in blockchain technology has been overshadowed by a wave of AI enthusiasm. Additionally, the crypto sector found itself facing increased scrutiny and debanking under the Biden administration.During a challenging time when digital assets needed to stabilize, innovate, and recover from the series of collapses throughout 2022, the crypto-friendly Trump administration now appears to…
Bitcoin transaction fees have dropped to their lowest levels in over a decade, indicating a significant change in network usage. Data from Glassnode reveals that the 14-day simple moving average of daily fees currently stands at 3.5 BTC, a figure not observed since 2011, during the early adoption period of the protocol. Why is Bitcoin’s Network Fee Declining? The decline is driven by weaker demand for blockspace, showcasing a broader shift in Bitcoin’s purpose. Investors are increasingly viewing the asset as a store of value rather than a means of payment. On-chain data supports this transition. Public companies like Strategy…
Co-founder Michael Saylor of Strategy hinted at an upcoming Bitcoin (BTC) purchase, which, if finalized, would mark the company’s third BTC acquisition in August.On August 18, Strategy made its latest Bitcoin purchase, acquiring 430 BTC for $51.4 million, increasing its total holdings to 629,376 BTC, valued at over $72 billion as of this writing.Data from SaylorTracker indicates that Strategy is up more than 56% on its BTC investment, signifying over $25.8 billion in unrealized gains at current market prices.Strategy’s history of Bitcoin purchases. Source: SaylorTrackerThis month, the company’s BTC acquisitions have been relatively modest. Typically, Strategy buys thousands or tens…
While the overall market appears to be losing momentum, the BNB price train continues to roll. In the last 24 hours, Binance Coin has dipped by 1.5%, now trading at $877. Given its strong track record, this retreat seems more like a planned rest than a setback. In the past month, BNB has risen by 15%, with three-month returns at 30%, and an impressive annual growth of 51%. Just 2% below its all-time high of $899, the token is still well-positioned for a breakthrough that could land it in the four-digit range for the first time. Spot Demand Builds Through…
Main Highlights:Bitcoin nears the weekly close, targeting $114,000 as late-week gains wane.Ether takes the spotlight following its recent all-time highs, with whales converting BTC into ETH.BTC’s price action benefits from a CME futures gap upward, offering a new short-term goal.Bitcoin (BTC) hovered around a “key” price level heading into Sunday’s weekly close as markets began retreating from previous gains.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewETH price surge takes center stage as Bitcoin stabilizesData from Cointelegraph Markets Pro and TradingView indicated BTC/USD drifting towards $114,000.The weekend showcased minimal volatility for the pair after a Friday spike to nearly $117,500 due to external news.This…
Co-founder Michael Saylor of Strategy hinted at a forthcoming Bitcoin (BTC) purchase, which would mark the company’s third BTC acquisition in August if finalized.The latest Bitcoin acquisition by the company occurred on August 18, when Strategy bought 430 BTC for $51.4 million, increasing its total holdings to 629,376 BTC, valued at over $72 billion at the current time.Data from SaylorTracker indicates that Strategy is up more than 56% on its BTC investment, reflecting over $25.8 billion in unrealized gains at current values.History of Bitcoin purchases by Strategy. Source: SaylorTrackerThe BTC acquisitions by the company in August have been relatively modest.…
Ethereum has shown remarkable performance over the last 24 hours, with its price nearing its prior all-time high. Data from CoinGecko indicates that ETH surged to $4,837, just shy of its 2021 peak of $4,878. This increase followed Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he suggested that anticipated rate cuts could be on the horizon. Interestingly, Ethereum is performing well against the dollar and against Bitcoin, as technical analysis reveals a long-awaited structural trendline appears to be breaking in Ethereum’s favor. Related Reading Analyst Calls Out ETH/BTC Breakout According to a recent technical analysis, initially disclosed…
Although ETH is currently experiencing a strong uptrend on higher timeframes, the bearish divergences visible on both daily and 4H RSI indicate a need for caution. A potential pullback toward $4.1K shouldn’t be overlooked unless buyers can defend $4.4K and propel the price above the $4.8K ATH with substantial momentum. Technical Analysis By Shayan The Daily Chart On the daily timeframe, Ethereum has reached a marginally higher high at $4,884 compared to its former peak. However, the RSI has not followed suit, resulting in a bearish divergence—a classic indicator of potential trend exhaustion. The price is presently consolidating just below…
Bitcoin transaction fees have dropped to their lowest point in over ten years, as anticipation around Federal Reserve rate cuts intensifies, prompting discussions about the sustainability of the market. Summary Bitcoin fees decline to their lowest level since 2011 with a daily average of 3.5 BTC Hype surrounding Fed rate cuts reaches an 11-month peak, reminiscent of previous market peaks BTC balances on exchanges up by 70K since June, indicating potential selling pressure Data from Glassnode reveals that daily transaction fees on the Bitcoin (BTC) network (14-day SMA) have recently fallen to 3.5 BTC, marking the lowest level recorded since…
Summary Pudgy Penguins has transitioned from NFTs to a well-known crypto-native brand, expanding into toys, games, and more. CEO Luca Netz expressed to Decrypt his aspirations of taking the company public within two years. The brand has introduced a meme coin, PENGU, on Solana, in addition to its NFTs on Ethereum. Pudgy Penguins is poised to achieve a record $50 million in revenue this year, as per CEO Luca Netz. This goal represents an extensive effort to feature the beloved IP in unconventional spaces for Web3, including arcades, storybooks, and major retailers like Walmart. Netz is already focused on Pudgy’s significant…