Bitcoin is reasserting itself and is an open secret that could cause the price to explode


The Bitcoin (BTC) He ends the week with a strong bounce that helps him move higher 21,000 u$and leading specialists indicate that the increase was due to close to the arrival date Connection Ethereum. The rest cryptocurrencies reported similar results.

Based on information from CoinMarketCap, the price BTC rose 9% in the last day and kept its price in range 21,000 u$. In turn, Ethereum (ETH) increase one 4.4% in the last 24 hours to keep the price from dropping to nothing 1700 US dollars.

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At the weekly level, the crisis was temporarily overcome Bitcoin and 4% higher compared to last week’s valuetill ETH is 7% higher than it was quoted seven days ago.

merger around the corner

The main reason for this rise for many specialists is the proximity with Connection, the process by which the Ethereum network goes from a proof-of-work (PoF) system to a ‘stake’ (PoS) system..

Among the benefits of this change are: energy consumptioncul is 99.95% lower on the PoS network and therefore a direct consequence mining cost which has cryptocurrency.

On the other hand, the possibility that deliver the plane (which is basically a fork of the networks between the PoS system and the PoW) is another factor influencing the price of cryptocurrencies these days.

As for the dates, it is expected Connection occur between September 13 and 15 based on calculations of how many transactions on the network are required for this “merger” to occur.

Confidence is returning to the market

Finally, ten cryptocurrencies with the largest market volume they close for the week with extremely positive returns in all cases, some even trading up to 8% more in 24 hours.

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The best case is Dots (DOT)what registered an increase of 8.7% in the last 24 hours and left the price 7.8 u$. As for the rest of the quotes, the prices varied as follows:

  • Cardano (ADA): 0.49 u$ (comes to 5.7 percent)
  • Ripple (XRP): 0.35 u$ (comes to 5.8 percent)
  • Binance Coin (BNB): $292 (4.7%)
  • sun (sun): $35 (7.5%)

This is how the cryptocurrency market opened up.

On a weekly basis, all cryptocurrencies are green: ADA 6 percent, BNB and 4 percent SOL and 11 percent XRP 6% and DOT 7% more than 7 days ago.

Bitcoin fear or greed index.

Finally, Bitcoin fear or greed index is marked 20 points, which reflects a situation of extreme fear and predicts that the market will be slower in the near future.

Source: www.cronista.com

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