Wednesday, November 25, 2020
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Market Wrap: Bitcoin Loses Momentum at $19.4K; Ethereum Fees Increasing

The number of billion-dollar spot volume days in the bitcoin market is increasing, pushing prices higher. Ethereum’s transaction fees are also increasing as general cryptocurrency interest fuels demand.Bitcoin (BTC) trading around $18,883 as of 21:00 UTC (4 p.m. ET). Slipping 0.75% over the previous 24 hours.Bitcoin’s 24-hour range: $18,640-$19,474 (CryptoX

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Bitcoin Transaction Fees Rise to 28-Month High as Hashrate Drops Amid Price Rally

The cost of doing transactions on bitcoin is surging while the network suffers its worst congestion in nearly three years.As of Wednesday, the mean fee per transaction, or the average transaction cost, was 0.00086764 BTC, the highest since June 2018, according to data source Glassnode. In dollar terms, the average

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Market Wrap: Bitcoin Falls to $12.7K as Global Equities Falter; Ethereum Fees Continue to Drop

Bitcoin’s price fell Monday on larger macroeconomic concerns while lower Ethereum fees benefit hardcore DeFi users.Bitcoin (BTC) trading around $13,011 as of 20:00 UTC (4 p.m. ET). Slipping 0.33% over the previous 24 hours.Bitcoin’s 24-hour range: $12,773-$13,250BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.Bitcoin

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Market Wrap: Bitcoin Tests $12K; Ethereum Fees Fall to 3-Month Low

Bitcoin’s price passed $12,000 for the first time since September as Ethereum fees dipped.Bitcoin (BTC) trading around $11,910 as of 20:00 UTC (4 p.m. ET). Gaining 1.8% over the previous 24 hours.Bitcoin’s 24-hour range: $11,673-$12,058BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians.Bitcoin trading on

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Blockchain Bites: Filecoin Strike, Bitcoin Fees Fall, Coinbase Censorship

Top shelfToken protestFive of the largest Filecoin miners, which secure that data storage network, have gone on strike, bringing attention to the project’s “unfair” economic model. According to a report by 8btc.com, miners are required to stake a significant amount of FIL tokens to start mining operations. But there’s a

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