Bitcoin Price and Ethereum on the Rise, Maker Price Storms 18%

The global crypto market cap on Thursday increased by 0.94%, reaching $964.04 billion during the early European session. Contrarily, the 24-hour volume of all cryptocurrencies has dropped to $60.15 billion, a decrease of 0.90% from the previous day. However, major cryptocurrencies were trading in a narrow range. 

Timeline of Bitcoin, Ethereum

Ethereum prices continue to trade above $1300, withstanding extreme bearish pressure that has accumulated since the beginning of the week. The second-largest crypto had a remarkable rally in Q3 2022 as the prices inflated heavily and surged close to $1800 just before the merger. However, the price dropped by nearly 38% later.

Bitcoin has been the crypto king and is known as the most dominant cryptocurrency in the crypto industry since its inception in 2011. It has grabbed the attention of investors to become the first choice for bringing overwhelming ROI (return on investment) during the bull run.

Dune Analytics has released a new report that studies the activities of NFTs across the blockchains they are being hosted. The report claims that the platform looked into several aspects of activities across these blockchains.

Mohamed El-Erian, the renowned Egyptian/American economist and businessman, believes cash is a good option for the economic uncertainties facing everyone. He does however believe that crypto has a future role to play and should be respected.

Bitcoin advocates have called for the Louisiana State Treasury to buy BTC after its announcement to divest roughly $794 million held with BlackRock. The post Calls mount for Louisiana state to buy Bitcoin following BlackRock divestment appeared first on CryptoSlate.

Grayscale is launching Grayscale Digital Infrastructure Opportunities, "a private, co-investment opportunity in mining hardware that powers the Bitcoin ecosystem." The post Grayscale unveils bitcoin mining-centered investment entity appeared first on The Block.

Ethereum moved closer to $1,400 on Thursday, as the token rebounded from yesterday's sell off. The world's second largest cryptocurrency rose to its highest point in almost ten days during today's session, as markets were marginally higher. Bitcoin was once again trading above $20,000.

There have been fewer job openings in the United States lately and this may, one way or another, have an impact on Bitcoin and the broader crypto market. The recent data on unemployment in the US shows that the labor market is still predominantly strong at 3.8%.

The Ethereum Upgrade overshadowed the miners who had previously driven the ETH blockchain with promises of massive environmental benefits. Ethereum's developers claimed the upgrade would make the network – hosting a $60 billion ecosystem of cryptocurrency exchanges, lending companies, non-fungible token (NFT) marketplaces, and other apps – more secure and scalable.

Let's listen to “The Missing Cryptoqueen” podcast together from the very beginning, as the new episodes arrive. This second one presents new facets of Dr. Ruja's story and amplifies the scope of the podcast.