Bitcoin Price and Ethereum Hesitate While LUNC Stages Fresh Rally

Bitcoin price slowly moved higher above the $19,000 resistance. BTC is currently (11:10 UTC) consolidating above the $19,000 level. It seems like the price might start a fresh increase if it stays above the $19,000 zone.

Timeline of Bitcoin, Ethereum, Terra-luna

Ethereum has experienced a decrease in ETH issuance since the Merge upgrade. Specifically, its issuance rate has decreased by 98% since the Merge, and the asset is not yet deflationary due to the fact that its issuance is still more than burned ETH. Ethereum (ETH/USD) is the second-largest cryptocurrency in terms of market capitalization.

Ironbeam is a U.S. registered Futures Commission Merchant (“FCM”​) which offers trading on crypto nano futures thanks to a partnership with Coinbase Derivatives. The brokerage charges no commission* on these Bitcoin and Ethereum contracts, as well as requiring low margin.

The world's largest crypto exchange Binance on Monday said it will burn all trading fees on Terra Classic (LUNC) spot and margin trading pairs by sending them to the LUNC burn address. After realizing the Terra Community's dissatisfaction with the “opt-in button” proposal, the crypto exchange decided to burn trading fees on LUNC spot and The post Breaking: Binance To Burn Trading Fees On Terra Classic (LUNC) Trading appeared first on CoinGape.

A well-known crypto strategist and analyst, Pentoshi, who had predicted the end of the bull market, has revealed his bullish stance towards Bitcoin (BTC) and another currency, Solana (SOL). The analyst tries to claim his stance by informing his 612,000 followers over Twitter that his earlier bearish approach has flipped towards the ongoing bull run.

The price of Bitcoin (BTC) is in a downtrend as the largest cryptocurrency turns down from the 21-day line SMA. Buyers' recovery attempts failed as they were able to break the 21-day line SMA.

Last week, American news outlet TIME took a closer look at how Ethereum ($ETH) has performed as an asset since the Merge upgrade, which was completed on September 15. As you probably already know, on September 15, Ethereum completed its Merge upgrade, which changed its consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS).

Bitcoin is facing hurdles to build its upward momentum and start a bull run, continuously falling below its resistance level at $22K. Crypto strategists and analysts have predicted a significant crash for Bitcoin this year, wiping billions of dollars from the crypto market.

Bitcoin on-chain indicators such as coin days destroyed and HODL waves suggest that BTC holders are hanging on and accumulating. The post Bitcoin Accumulation Phase Intact, Is a Bottom Finally In?

Ethereum's future has been the topic of discussion since the Merge was introduced. The network post-Merge has raised concerns not only among the investors' community but also among leading figures and finance institutions, including JP Morgan.

After a plunge of almost 20% between 15 August and 25 September, Bitcoin stabilized near the $19,000 level on Monday. However, Bitcoin whales kept dumping the world's most valuable crypto asset during the recent market correction, according to the data published by Santiment.