Ethereum Sets All-Time Record at $2,800

BTCUSD hit the local minimum at $47,403 on Sunday, April 25, and since then has appreciated by almost 15% trading above $54,000 on PrimeBit at the moment. Markets seem to be hesitant, as bitcoin prices are fluctuating without a strong long-term trend visible. Litecoin hangs on to bitcoin’s uptrend and has recovered some of the…

https://blog.primebit.com/2021/04/30/ethereum-sets-all-time-record-at-28000/

Ethereum Sets All-Time Record at $2,800

BTCUSD hit the local minimum at $47,403 on Sunday, April 25, and since then has appreciated by almost 15% trading above $54,000 on PrimeBit at the moment. Markets seem to be hesitant, as bitcoin prices are fluctuating without a strong long-term trend visible. Litecoin hangs on to bitcoin’s uptrend and has recovered some of the…

https://blog.primebit.com/2021/04/30/ethereum-sets-all-time-record-at-28000/

Ethereum With a New Record at $4,175

In the last report, we predicted a strong rally on Ethereum after it hit an all-time record at $2,800. Since then ETHUSD gained another 50%, crossed the $4,000, and is strongly outperforming bitcoin, setting a new historic high at $4,175 on PrimeBit today. It seems the next threshold will be Ethereum capitalization, which is now…

https://blog.primebit.com/2021/05/10/ethereum-with-a-new-record-at-4175/

Making Money by Following Twitter Has Never Been Easier

Cryptocurrency markets have been heavily affected by Elon Musk’s tweets recently. First came the accusations of Bitcoin consuming “insane” amounts of energy last week. The debate and sell-off were triggered by tweets by Tesla deciding to cancel vehicle purchases using Bitcoin due to the high carbon footprint of each transaction. BTCUSD crashed almost 13% on…

https://blog.primebit.com/2021/05/17/making-money-by-following-twitter-has-never-been-easier/

Making Money by Following Twitter Has Never Been Easier

Cryptocurrency markets have been heavily affected by Elon Musk’s tweets recently. First came the accusations of Bitcoin consuming “insane” amounts of energy last week. The debate and sell-off were triggered by tweets by Tesla deciding to cancel vehicle purchases using Bitcoin due to the high carbon footprint of each transaction. BTCUSD crashed almost 13% on…

https://blog.primebit.com/2021/05/17/making-money-by-following-twitter-has-never-been-easier/

Have Cryptocurrencies Hit the Bottom Yet?

Another terrible week for bitcoin and ethereum prices. Last week’s sell-off triggered by Elon Musk continued. It must have been a tough time for all investors who entered the market anytime since mid-February 2021. BTCUSD hit multiple months low on Wednesday, May 19, at $30,007.5. It quickly took off as bulls spotted a great buy-low…

https://blog.primebit.com/2021/05/24/have-cryptocurrencies-hit-the-bottom-yet/

Have Cryptocurrencies Hit the Bottom Yet?

Crypto bulls had another terrible week for bitcoin and ethereum prices. Last week’s sell-off triggered by Elon Musk continued. It must have been a tough time for all investors who entered the market anytime since mid-February 2021. BTCUSD hit multiple months low on Wednesday, May 19, at $30,007.5. It quickly took off as bulls spotted…

https://blog.primebit.com/2021/05/24/have-cryptocurrencies-hit-the-bottom-yet/

Bitcoin, Ethereum at the Crossroads This Week

May has been rough for cryptocurrencies. Only September 2011 has been worse with Bitcoin prices dropping by 40%, but this happened when 1 BTC was still trading below $5. Despite relatively low volatility, it has been an increasingly interesting time at cryptocurrency markets. BTCUSD was oscillating between $35k and $40k last week  Starting at $34,738…

https://blog.primebit.com/2021/05/31/bitcoin-ethereum-at-the-crossroads-this-week/

Bitcoin, Ethereum at the Crossroads This Week

May has been rough for cryptocurrencies. Only September 2011 has been worse with Bitcoin prices dropping by 40%, but this happened when 1 BTC was still trading below $5. Despite relatively low volatility, it has been an increasingly interesting time at cryptocurrency markets. BTCUSD was oscillating between $35k and $40k last week. The pair started…

https://blog.primebit.com/2021/05/31/bitcoin-ethereum-at-the-crossroads-this-week/

Bitcoin, Ethereum at the Crossroads This Week

May has been rough for cryptocurrencies. Only September 2011 has been worse for Bitcoin when prices dropped by 40%. However, when this happened when 1 BTC was trading below $5. Despite relatively low volatility, it has been an increasingly interesting time at cryptocurrency markets. BTCUSD was oscillating between $35k and $40k last week. The pair…

https://blog.primebit.com/2021/05/31/bitcoin-ethereum-at-the-crossroads-this-week/

Bitcoin, Ethereum at the Crossroads This Week

May has been rough for cryptocurrencies. Only September 2011 has been worse for Bitcoin when prices dropped by 40%. However, when this happened when 1 BTC was trading below $5. Things have calmed down recently. Despite relatively low volatility, it has been an increasingly interesting time at cryptocurrency markets. BTCUSD was oscillating between $35k and…

https://blog.primebit.com/2021/05/31/bitcoin-ethereum-at-the-crossroads-this-week/

Has Elon Musk Triggered Another BTCUSD Trend?

Bitcoin breaks through the $40k resistance for the first time since May 21. This may end a nervous period for cryptocurrency bulls as BTCUSD has approached the $30k support several times recently. It seems that the adoption rate news has taken over the concerns about the environmental issues and regulatory crackdown in China, the US,…

https://blog.primebit.com/2021/06/14/has-elon-musk-triggered-another-btcusd-trend/

BTCUSD Can’t Get Momentum as ETHUSD Outperforms

Bitcoin dropped by 4.55% on Monday losing all the gains worked over the weekend. The cryptocurrency markets still cannot recover from the sharp sell-off in May. Bitcoin seems to be locked within the $30k-$40k range, approaching the lower support recently, which may worry holders around the world.  At the moment it is trading just below…

https://blog.primebit.com/2021/07/06/btcusd-cant-get-momentum-as-ethusd-outperforms/

Crypto Can’t Get Momentum as ETHUSD Outperforms BTCUSD

Bitcoin dropped by 4.55% on Monday losing all the gains worked over the weekend. The cryptocurrency markets still cannot recover from the sharp sell-off in May. Bitcoin seems to be locked within the $30k-$40k range, approaching the lower support recently, which may worry holders around the world.  At the moment it is trading just below…

https://blog.primebit.com/2021/07/06/btcusd-cant-get-momentum-as-ethusd-outperforms/

How ECB Working on Digital Euro May Affect the Crypto Markets?

The European Central Bank (ECB) revealed that it started to work on a digital euro currency. The People’s Bank of China has been working on digital renminbi since 2014 and has been in test circulation in four major cities since April 2020. This is another massive step in the adoption of cryptocurrencies. However, the largest…

https://blog.primebit.com/2021/07/15/how-ecb-working-on-digital-euro-may-affect-the-crypto-markets/

Bitcoin, Ethereum Bounce Back after Dropping Delow $30k and $1,800

The cryptocurrency market had been in a slump for the past few weeks. Although maximalists are on full pump mode generating ideas and reposting bullish news, the investors seem very cautious with cryptocurrencies. The side drift seems to push the assets lower with every week. That’s why bitcoin and Ethereum holders had a tough time…

https://blog.primebit.com/2021/07/23/bitcoin-ethereum-bounce-back-after-dropping-below-30k-and-1800/

Superfast Low-Cost Lightning Network Payments for Bitcoin Accounts

PrimeBit is introducing Lightning Network (LN) transfers. You’ll be able to pay in and pay out your BTC instantly for free! And yes, the cost is 0. You can enter the market at any time and place the most profitable order. If you haven’t heard about LN before, you might be surprised. Let me explain…

https://blog.primebit.com/2021/07/27/superfast-low-cost-lightning-network-payments-for-bitcoin-accounts/

ETH Impressive Rally and the Aftermath of the London Upgrade

Ethereum had experienced an impressive run before and right after the long-awaited London Upgrade that was completed on Thursday, August 5. The bulls’ expectations were linked to the changes that introduce burning fees collected by miners, effectively lowering the constant pressure to sell ETH. One of the improvements introduced by the hard fork makes transaction…

https://blog.primebit.com/2021/08/06/eth-impressive-rally-and-the-aftermath-of-the-london-upgrade/

Bitcoin Retreats to $47K but Bullish Signs Remain

Positive mood surrounds bitcoin. But, the largest crypto by market cap failed to cross the $50,000 psychological barrier once again. Bulls were unable to gather momentum to strike past $50,000, and BTCUSD has been closing below this level since its short-lived poke at $50,000 last Monday. Bitcoin’s jerky price actions reflected a 3.71% price drop…

https://blog.primebit.com/2021/09/01/bitcoin-retreats-to-47k-but-bullish-signs-remain/

Lightning Network BTC Payments and the Wallets that Support the Protocol

Are you tired of high transaction fees and lagging processing times on the Bitcoin blockchain? It’s getting worse with the growing adoption. On the other hand, it is essential to move assets fast in times of dynamic market swings, and Lightning Network (LN) solves the problem.  It’s a second-layer solution that makes it possible to…

https://blog.primebit.com/2021/09/10/lightning-network-btc-payments-and-the-wallets-that-support-the-protocol/

Lightning Network BTC Payments and the Wallets that Support the Protocol

Are you tired of high transaction fees and lagging processing times on the Bitcoin blockchain? It’s getting worse with the growing adoption. On the other hand, it is essential to move assets fast in times of dynamic market swings, and Lightning Network (LN) solves the problem.  It’s a second-layer solution that makes it possible to…

https://blog.primebit.com/2021/09/10/lightning-network-btc-payments-and-the-wallets-that-support-the-protocol/