Bitcoin and Ethereum Have Shown Mid-Week Stability
BTC is currently trading at about $21,180. Meanwhile, Ethereum is trading at around $1,630 after a 4% increase in the last day. The crypto markets appear to stabilize, adding 2.1% to a total market capitalization of $1.02T.
Among the top daily gainers was the $400M XDC Network. It gained 11% after integrating the Frontier crypto wallet.
In terms of large-cap network tokens, Polygon, Cardano, and Solana gained roughly 2%, Polkadot gained 3.4%, and Avalanche gained nearly 5%.
Curve, a stablecoin exchange, outpaced the market. It gained approximately 6% in market value. At the same time, Uniswap, Aave, MakerDAO, and Synthetix trended in line with the overall market. Celsius Network sued a former business partner, custodian firm Prime Trust, for the recovery of approximately $16M in digital assets that the insolvent lender claims are owed to it in the latest step in the high-profile Celsius Network insolvency. By 2040, Bitcoin might be one of the world’s major electricity consumers. DOGE-ETH bridge will be built by the end of the year to transfer DOGE from the Dogecoin blockchain to the Ethereum network and back.
The price of Ethereum is hanging by a thread due to the formation of a bearish pattern. However, the price of ETH is retracing after not being able to stay on the critical psychological barrier of $2000. However, the basics appear stronger than ever, with the Merge upgrade right around the corner. Furthermore, Ethereum was ranked top among projects with the highest level of development activity in the past 30 days. Despite the excitement around the September 15 event, many people are skeptical.
As the anticipation has grown, investors have become more speculative about future moves. The crypto community, in particular, has made bold predictions about the price of decentralized finance assets. According to it, ETH will be worth more than $2,010 by September 30, 2115.