Ethereum merger (Merge) could lead to Bitcoin collapse (analyst)

Many investors believe that the Merge update to the Ethereum network scheduled for this September could signal the beginning of a sustained uptrend in the ETH price, raising the question of what will become of Bitcoin, which remains the world’s leading cryptocurrency in terms of capitalization. However, according to renowned analyst Kyle McDonald, the consequence … Read more

Bitcoin & Ethereum plunge in the face of Powell’s speech – Key thresholds for this weekend

Fed boss Jerome Powell’s speech in Jackson Hole yesterday afternoon had a sharply bearish impact on Bitcoin, with the cryptocurrency retreating to a low of $20,134 on Friday night, the lowest since mid-July, down nearly 8% from the $21,866 peak marked shortly before Powell spoke. As a result, the Fed boss maintained a hawkish stance, … Read more