Bitcoin News Thebittimes.Com

Join Our Telegram channel to stay up to date on breaking news coverage In the past day, the cost of Ethereum has increased by nearly 15%, from around $1340 to $1539. While the entire market has risen significantly, Ether is one of the top performers. As a result, the total market capitalization of all crypto assets rose by 6.8 percent, reaching $1.03 trillion. Following the Ethereum Merge, which converted the network to a Proof-of-Stake model, the value of Ether has been below the $1500 mark for just well over a month. The price of Ether did not rise as anticipated after that announcement. For nearly 40 days, the price of the cryptocurrency dropped below $1500. The price of Ethereum Classic, a variant of Ethereum, has also risen significantly. As of this writing, one ETC is worth about $25, a gain of more than 12% in the past 24 hours. CFTC Chairman Labels Bitcoin and Ethereum as Commodities   This week, a sigh of relief was heard from the investing community w...

Crypto analyst Bluntz (@SmartContracter) predicted Bitcoin will trade sideways in a range bound environment for 12 more months - so far, he's been accurate. He posted the tweet below on August 29th, and six weeks on Bitcoin is still trading sideways between approximately $17,500, the 2022 yearly low, and the range high at around $25,000. Bluntz' Bitcoin Price Prediction His max pain scenario for Bitcoin would take until late 2023 to play out - Bluntz marked out a possible 392 day trading range on the Bitcoin price chart. 'Max pain' is a term applied to options trading, and also used colloquially in all types of crypto trading . It's defined on Investopedia as the ' price at which a stock (or cryptocurrency) would cause financial losses for the largest number of option holders - puts and calls - at expiration' . With the next Bitcoin halving set to take place around March 2024 - in 527 days - some predict it could also take until then f...