Crypto & DeFi The entire cryptocurrency market spiked up, everything was green last week. Bitcoin peaked at ~$45,000 before pulling back to the mid $43,000. Ether spiked up to ~$3150 before pulling back to around $2900. Most believe the increase in price was due to the $ETH London Hard fork and EIP-1559, an improvement proposal that is meant to stabilize transaction fees on the network and also start burning Ether with each transaction, causing the cryptocurrency to become more deflationary. Since Thursday, when the hard fork took effect, over 16,304 ETH (~$48,000,000) has been burned due to the new rules. Source:
August 9th, 2021 - Thatguyintech's Weekly Update
August 9th, 2021 - Thatguyintech's Weekly…
August 9th, 2021 - Thatguyintech's Weekly Update
Crypto & DeFi The entire cryptocurrency market spiked up, everything was green last week. Bitcoin peaked at ~$45,000 before pulling back to the mid $43,000. Ether spiked up to ~$3150 before pulling back to around $2900. Most believe the increase in price was due to the $ETH London Hard fork and EIP-1559, an improvement proposal that is meant to stabilize transaction fees on the network and also start burning Ether with each transaction, causing the cryptocurrency to become more deflationary. Since Thursday, when the hard fork took effect, over 16,304 ETH (~$48,000,000) has been burned due to the new rules. Source: