The recent BTC price increase to $43,900 was supposed to be the high watermark for the year, but the recent increase in crypto prices has caused a crackdown on the number of ICOs that have raised money in the past few months. Now, there are only about 50 ICOs left to go through, and we have yet to see if they will be approved or not.

The short answer is that Bitcoin and Ethereum have been doing very well. The cryptocoins have seen a significant price increase in the last six months, with Bitcoin up over 30 percent and Ethereum up over 70 percent. The problem is that there is not enough supply to keep up with the demand. At the same time, there are many people who want to buy cryptocurrencies in order to profit from their price rise. The result is that there are simply not enough coins to go around.

The bitcoin network has been on a price rampage all month long. Bitcoin has seen a number of record highs over the past 30 days, and now appears to be close to putting in another one.. Read more about why is ethereum price rising and let us know what you think.

Bitcoin ultimately breaches the $42,000 barrier, resulting in the loss of 16,000 ETH. So, what’s next?

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Bitcoin struggled three times in the last several weeks to break through the major barrier level of $42,000, but it eventually broke through.

2 minutes read by Rohan Jethi on August 9, 2021 at 7:00 a.m. UTC.

16,000 ETH burned as Bitcoin finally breaks $42,000 resistance. What’s next?

After the EIP-1559 upgrade, Bitcoin, the most valuable cryptocurrency by market capitalization, finally broke over the critical resistance level of $42,000, while Ethereum prices increased by almost 15%.

Bitcoin struggled three times in the last several weeks to break through the major barrier level of $42,000, but it eventually broke through.

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Bitcoin, the world’s largest cryptocurrency, has finally broken the $42,000 resistance. This is a massive jump, and while some experts are still hesitant to call a bottom, it is clear that the price of Bitcoin is a lot closer to the bottom line now, than it is to the top. This is a major shift for the cryptocurrency market, and investors will be watching closely to see what the future holds for Bitcoin, and other cryptocurrencies, in the coming weeks and months.. Read more about new bitcoin regulation and let us know what you think.

This article broadly covered the following related topics:

  • why is ethereum price rising
  • ethereum is dropping
  • has ethereum crashed
  • why did ethereum jump
  • ethereum news 2020
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