Bitcoin and Ethereum Fees Rise By Over 50%: Will BTC Conquer $69k?

There is a spike in crypto on-chain activity if transaction fees lead. According to IntoTheBlock data on December 8, Bitcoin transaction fees are up by over 60%, while “gas” in Ethereum has climbed by nearly 50% in the past week.  Bitcoin And Ethereum Transaction Fees Rise By Double-Digits This surge in activity can be pinned to multiple factors, mainly growing user interest and the ongoing crypto bull market. To illustrate, Bitcoin and Ethereum prices are trending at 2023 highs above $43,500 and $2,300 when writing. Even so, the crypto community expects…

2 Reasons Why An Ethereum Mega Bull Run Is Inevitable

While the recent Bitcoin and crypto momentum is cooling off, Ethereum (ETH) rejects lower lows, especially against Bitcoin (BTC). Taking to X on December 8, decentralized finance (DeFi) researcher DefiIgnas shared insights that suggest ETH could be on the verge of a rally that would potentially see the second most valuable coin usurp BTC’s current position as the best-performing asset.  Reasons That Might Drive Ethereum Bulls The researcher observed that ETH is down 24% versus BTC in 2023. However, multiple fundamental indicators show that this is about to change. First,…

Ethereum rising and ETH/BTC outperforms Bitcoin, investors turn to ERC-20 tokens

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum (ETH) has seen a welcome price bounce over the past week, finally outperforming Bitcoin (BTC) in the ETH/BTC pair after weeks of under-performance. This renewed strength seems driven by positive fundamentals and a broader resurgence in the altcoin market. As such, some investors are now exploring ERC-20 tokens as they diversify. Ethereum overtakes Bitcoin The ETH/BTC pair measures the value of Ethereum denominated in Bitcoin rather than a…

Ethereum Price Soars To Over $2,300

The market performance of Ethereum has been steadily rising since October, marking a positive and long-lasting trend. Increased buying activity has been the main driver of this positive momentum that has persisted over time, pushing the cryptocurrency beyond the vaunted $2,000 resistance mark and igniting a continuing rally. The value of Ethereum has sharply grown as a direct result of this increased demand and market optimism, with its sights set on breaking through the crucial resistance region at $2,300. This upward trend serves as another evidence of the increasing investor…

Ethereum, Solana Prices Hit 19-Month High, Bitcoin Expected to Reach $50K

Santiment revealed that despite a price drop, Bitcoin can reach $50,000. Ethereum and Solana have managed to hit the highest levels in more than one year and a half.  ETH price now is $2,353 while SOL is trading at around $71. At the same time, Bitcoin (BTC) has decreased to $43,000 again. However, experts believe that there are clear indicators that may hint at $50,000 for BTC price soon. More details will be added soon. next Altcoin News, Bitcoin News, Blockchain News, Cryptocurrency News, Ethereum News Thank you! You have…

Bitcoin may hit $50K on altcoin ‘FUD’ as Ethereum, Solana beat gains

Bitcoin (BTC) struggled to hold above $43,000 into Dec. 8 as an altcoin surge put Ether (ETH) in the spotlight. BTC/USD 1-hour chart. Source: TradingView ETH, SOL step up as Bitcoin takes liquidity Data from Cointelegraph Markets Pro and TradingView showed ongoing BTC price consolidation as ETH/USD added up to 7.6% in around 24 hours. Bitcoin, having tapped new 19-month highs of $44,490 earlier in the week, now troubled market participants as both ETH and Solana (SOL) stole attention. $BTC Binance Spot Bids sold into and filled it seems Decent…

Ethereum Whale With Over $60 Million In Unrealized Profits Moves Coins To Exchange

A dormant Ethereum whale has resurfaced, moving their 39,260 ETH worth approximately $87.5 million. According to data from Lookonchain, this Ethereum whale with almost $90 million in ETH recently woke up and decided to move its mountain of digital assets to an exchange.  Although it is unclear the motive behind this transfer, it appears to be to take profit on a 670% gain over the past five years.  Ethereum Whale Moves 39,260 ETH To Crypto Exchange The crypto market has had another flurry of price increases in the past few…

SEC postpones decision on Grayscale’s application for spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has delayed the decision date for Grayscale Investments’ spot Ethereum ETF by 45 days, to Jan. 25, 2024. According to the document, Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues…