Ethereum at $1,710 – new all-time high! But gas fees explode again

Ethereum gas fees continue to rise after the recent all-time high. Trading volume on the decentralised exchange (DEX) is also on the rise.

Ethereum (ETH) is perhaps the most popular cryptocurrency right now in terms of blockchain usage. However, transaction costs are still a major hurdle for the second largest cryptocurrency by market capitalisation.

On Friday, 5 February, the cryptocurrency briefly broke through $1,710 per coin. Decentralised Finance (DeFi) is also partly responsible due to the Bitcoin Revolution growing demand of DEXs built on the underlying Ethereum blockchain.
Gas fees go through the roof

According to Gasnow, Ether transactions climbed almost to 500 Gwei (Ethereum’s version of Satoshis) on the day.

This means that even slow transactions cost a minimum of around $7. But DEXs like Uniswap (which use smart contracts) have seen transactions of over $70 in recent days.

Is Ethereum heading for $2,000?

ETH has broken its all-time high again and is likely to keep doing so in the coming weeks. The world’s second most popular cryptocurrency is set to push towards $2,000 per coin after the recent price action.

The bullish sentiment on Ethereum has led to an increase of about 140% since the beginning of the year. The remarkable rise can be attributed to several possible factors.

The Uniswap DEX is currently reaching a daily volume of $1.89 billion. This is more than crypto exchange Kraken in terms of volume. Then there’s Grayscale, which recently reopened its Ethereum trust. Buying over $38 million in Ether is likely a factor in the recent surge.

Ethereum at $2,000 may sound like a dream. However, strategists at Fundstrat Global Advisors LLC believe ETH could rise much higher – to $10,500.

Fundstrat believes that the growing popularity in the DeFi sector is a major reason for Ethereum’s recent rally (Go to Buy Ethereum Guide). With so many DeFi projects running on the Ethereum blockchain, the euphoria is likely to create massive demand.

More and more ETH is being used for staking

The number of ETH used in version 2 of the project is now around 2.94 million. This is more than 2.5% of the circulating supply and means that the ETH 2 contract is now worth more than $5 billion.

With ETH 2.0 on the horizon, ETH is likely to continue to rise, spurred by increased usage from the various DEX and DeFi projects.

The crypto exchange could only be reached to a limited extent during the GameStop affair, which had caused criticism that has now been invalidated.

On January 29, users had the crypto exchange Coinbase about problems with the purchase and sale of some crypto currencies reported

This quickly got a bad aftertaste, as the influential trading platform had previously only one day to decide to stop the sale of the shares of the video game retailer GameStop temporary. This was interpreted as a kowtow on high finance, as some hedge funds suffered massive losses from the share pushed by small investors.

„On Friday, January 29th, api.coinbase.com was down between 4:25 am – 9:31 am (PST),“ as Coinbase confirmed on February 5th . „During this time, many of our users received an error message when accessing the Coinbase app, the buying, selling and trading of crypto currencies was only possible sporadically,“ the blog entry continues. Coinbase Pro, the company’s own platform for professional traders, was easily accessible.

The crypto exchange cites difficulties in collecting and converting exchange rates as a possible reason for the failures:

“We quickly noticed that the problem was a Redis cluster that provides exchange rates for converting between crypto currencies and local currencies. The provision of these exchange rates plays an essential role because they are required for the conversion and presentation of crypto assets in the respective national currency of a user. “

“Any functions that make use of these exchange rates in the broadest sense have therefore failed. Accordingly, our users could not use many important functions on our platform, ”as the blog entry summarizes.

In short: An important function in the background of the crypto exchange did not cope with the rush on the crypto market, which was largely triggered by the hype about GameStop and the affair about Robinhood, and buckled. Coinbase then tried several solutions and was ultimately able to fix the problem, after which the trading platform was back to normal.

Finally, Coinbase discusses several changes IT has made to prevent such an issue in the future. In the past, the crypto exchange had to struggle with failures again and again . In November 2020, Coinbase boss Brian Armstrong personally confirmed that his platform is working flat out to fix all known problems.

Lloyd Blankfein ma wątpliwości co do Bitcoina i uważa, że ​​organy regulacyjne mogą „uzbroić się”, aby sobie z tym poradzić.

Lloyd Blankfein, były dyrektor generalny Goldman Sachs, wyraził wahanie wobec Bitcoina w nowym wywiadzie.

Powiedział, że jest to wątpliwy magazyn wartości i środek wymiany

Wyraził również obawy co do tego, jak mogą sobie z tym poradzić organy regulacyjne.

W nowym wywiadzie dla Squawk Box z CNBC, były dyrektor generalny Goldman Sachs, Lloyd Blankfein, powiedział, że istnieje powód, aby być sceptycznym co do Bitcoina .

„To może zadziałać” – powiedział Blankfein prowadzącemu Andrew Rossowi Sorkinowi. „Ale tak naprawdę ostatecznie waluta ma przynieść kilka rzeczy. Ma to być środek wymiany i magazyn wartości ”.

Blankfein wyjaśnił dalej, dlaczego The News Spy nie spełnia dokładnie tych kryteriów.

„To magazyn wartości, który może przenieść się o 10% w ciągu dnia; że jeśli zgubisz kod lub zgubisz kartkę papieru, zostanie on utracony na zawsze; lub, jeśli ktoś ci to odbierze, skąd będziesz wiedzieć? Tak więc przechowywanie elementu wartości jest trochę trudne ”- powiedział Blankfein.

Rynek mniej więcej to potwierdza: na początku tego miesiąca Bitcoin stracił około jednej piątej swojej wartości z dnia na dzień

To słynna ze zmienności inwestycja – w marcu zeszłego roku wywołany pandemią krach na giełdzie spowodował, że spadła ona z wysokich 8000 USD do połowy 4000 USD. Pod koniec ubiegłego roku cena znacznie wzrosła, ustanawiając nowy rekord wszechczasów powyżej 40 000 USD.

O ile jest to środek wymiany, Blankfein zasugerował, że okleina anonimowości Bitcoina stanowi problem dla organów regulacyjnych, które chcą ograniczyć pranie brudnych pieniędzy i nielegalną działalność: „Nie wiesz, czy płacisz Koreańczykom Północnym, czy Al-Kaidzie lub Revolutionary Guard ”.

Chociaż prawdą jest, że Bitcoin jest używany do finansowania działalności przestępczej , system nie jest anonimowy: ponieważ każda transakcja jest publicznie rejestrowana, gotówka pozostaje znacznie lepszą opcją dla przestępców, którzy chcą zachować spokój .

Dodał, że nawet jeśli Bitcoin będzie nadal wkraczał do głównego nurtu, nieuniknione przepisy mogą przeciwdziałać niektórym apelom: „To może być wykonalne, ale podważy wolność, wolność i brak przejrzystości, które ludzie lubią w tym w pierwsze miejsce. Więc to jest zagadka, z którą Bitcoin będzie musiał sobie poradzić. Gdybym był regulatorem, byłbym w pewnym sensie hiperwentylowany z powodu sukcesu tego w tej chwili i uzbroiłbym się, aby sobie z tym poradzić.

Bitcoin has become a minor phenomenon on Wall Street and in the corporate world in the past few months.

It started in August when MicroStrategy bought Bitcoin with cash from its own till, showing the world that, yes, BTC can be a long-term investment and store of value

It was followed by Golden Profit, then, more recently, a number of smaller companies and even Wall Street funds that have opened their eyes and ears to what’s going on in the crypto space. Compared to the past, there are now hundreds of millions, if more likely billions, in the crypto asset space that have been skimmed off by institutional players.

And maybe that’s not all, said Michael Saylor, CEO of MicroStrategy.

Will “Corporate America” buy more Bitcoin?

Michael Saylor recently spoke to CNBC to share his views on the crypto asset market.

It was announced there that Saylor will host a digital conference designed to enable corporate America executives to learn more about Bitcoin and how to implement it in their company:

“We will bring together thousands of corporate executives, boards, directors and consultants in the first week of February. They all want to find out how they can add #Bitcoin to their balance sheet or their P&L … We’ll make it open source. “

What is interesting here is that Saylor expects „thousands“ of people to come together to discuss the cryptocurrency phenomenon.

MicroStrategy will disclose its playbook and internal documents regarding exposure to Bitcoin in an attempt to give American companies a better understanding of how to deal with volatility, regulatory trends, and other issues that result from investing a cash position in BTC can result.

Analysts expect these corporate inflows, which may eventually arrive, to propel this market high.

The strategists at JPMorgan declared for example recently that an inflow of 600 billion dollars in demand for Bitcoin (to buy Bitcoin with Credit Card instructions ) could be if the pension funds and insurance companies in the world would invest one percent of their assets in BTC:

„If pension funds and insurance companies in the US, the Eurozone, the UK and Japan invest 1% of their assets in Bitcoin, it would lead to additional Bitcoin demand of $ 600 billion, the strategists say.“

• La notizia che BlackRock, il più grande asset manager del mondo, sta per iniziare ad offrire futures su Bitcoin ha ricevuto una reazione mista.
• Alcuni hanno avvertito che i contratti regolati in contanti non beneficeranno Bitcoin
• I futures sul Bitcoin sono iniziati nel 2017 e hanno concluso la corsa al rialzo

BlackRock, il più grande asset manager del mondo, ha fatto notizia ieri quando ha fatto domanda per due fondi futures Bitcoin.

Questo può sembrare un altro esempio di accettazione istituzionale della criptovaluta, ma dietro l’euforia c’è un senso da parte di alcuni nello spazio che questa mossa può aumentare la quantità di manipolazione dei prezzi nello spazio.

BlackRock getta il suo peso dietro i futures di Bitcoin

La mossa di BlackRock in Bitcoin è stata segnalata mercoledì, quando il gigante degli investimenti, che ha 8,7 trilioni di dollari in gestione, ha depositato per BlackRock Strategic Income Opportunities e BlackRock Global Allocation Fund Inc, che sono contratti futures Bitcoin Freedom regolati in contanti. Questo ha suscitato una risposta eccitata da alcuni nello spazio crypto:

Blackrock si sta buttando nel Bitcoin. Questo è passato da un’idea contraria a un’idea di consenso a Wall Street.

Mentre alcuni erano estasiati dal riconoscimento del Bitcoin da parte di un giocatore stimato come BlackRock, altri erano più cauti, e con buone ragioni. Quelli che non erano in giro per l’introduzione dei futures di Bitcoin nel dicembre 2017 potrebbero non sapere che è stato determinante per far scoppiare la bolla quando il Bitcoin è arrivato appena sotto i 20.000 dollari. Non è stata una coincidenza – l’allora presidente della CFTC Chris Giancarlo ha confermato che questa era la logica dietro la loro autorizzazione in primo luogo.

Avvertimenti di manipolazione sui futures regolati in contanti

Gli avvertimenti sull’impatto dei contratti futures di BlackRock non sono quindi senza fondamento, con alcuni che si affrettano a sottolineare ciò che potrebbe essere in serbo per i commercianti di Bitcoin e gli hodler:

Sarei entusiasta di vedere Blackrock che inizia un fondo che si accaparra #bitcoin $btc SPOT SUPPLIES

NON I FOTTUTI FUTURES SPECULATIVI

Guardate cosa è successo storicamente alle materie prime quando questi grandi speculano.

Voi fottuti plebei siete i coglioni più stupidi di tutti facendo questo come rialzista

La chiave qui è che BlackRock sta usando un formato regolato in contanti e non è interessato ad avere alcuna esposizione al Bitcoin fisico. Questo significa che miliardi di dollari andranno in longing e shorting Bitcoin in certi punti del ciclo, con tutta l’influenza di mercato che soldi di quella grandezza portano. Mentre questo non è intrinsecamente ribassista sul Bitcoin (vorranno che il prezzo salga così come che scenda), significa che il mercato potrebbe essere soggetto ai capricci di Wall Street più che mai.

Bill Miller – ein Value-Investor – ist einer von nur vielen Menschen, die anscheinend ihre Einstellung zu Bitcoin geändert haben . Früher war Bitcoin ein äußerst besorgniserregender, möglicherweise sogar gefährlicher Vermögenswert, in den man investieren konnte, wenn man bedenkt, wie volatil es war. Früher war Bitcoin eine Währung, die weitgehend anfällig für Markteinflüsse von außen war und leicht manipuliert werden konnte.

Bill Miller über Bitcoin – Wenn es größer wird, sinkt das Risiko

Miller hat jedoch gesagt, dass jedes Mal, wenn Bitcoin nach einem höheren Preis strebt , ein Teil dieses Risikos nachlässt. Er sagt, solange Bitcoin die Finanzleiter weiter nach oben bewegt, wird es für alltägliche Händler immer weniger gefährlich.

In einem kürzlich geführten Interview kommentierte er:

Je höher das Risiko, desto geringer das Risiko. Das ist das Gegenteil von dem, was bei den meisten Aktien passiert. Das Gesamtangebot von Bitcoin wächst um weniger als zwei Prozent pro Jahr, und der Preis zeigt, dass die Nachfrage viel, viel schneller wächst. Solange dies der Fall ist, wird Bitcoin wahrscheinlich höher und möglicherweise erheblich höher sein.

Zum Zeitpunkt des Schreibens wird Bitcoin zum zweiten Mal in diesem Monat über 40.000 USD gehandelt. Es sieht so aus, als würden sich die bullischen Trends, die der Vermögenswert im letzten halben Jahr verzeichnet hat, fortsetzen, was bedeutet, dass mit der Währung, für die Millers Worte gelten, noch weniger Risiko verbunden ist.

Als Gründer und Geschäftsführer von Miller Value Partners erklärte er weiter, dass er zwar nicht genau vorhersagen kann, wo BTC in den kommenden Wochen oder Monaten sein wird, aber Ideen darüber hat, wohin es gehen könnte und wie hoch es werden könnte. Er erklärte:

Ich denke, dass Bitcoin… in den nächsten 12 bis 18 Monaten von hier aus wahrscheinlich um 50 bis 100 Prozent steigen sollte, und wenn Sie mich nach dem Über oder Unter fragen würden, würde ich mit Sicherheit sagen, dass es viel wahrscheinlicher wäre, höher als zu sein niedriger.

Seien Sie sich der Volatilität bewusst

Er stellte jedoch weiter fest, dass Bitcoin zwar in letzter Zeit eher solide war, die Volatilität jedoch nicht der Vergangenheit angehört und die Anleger vorsichtig bleiben müssen, da dies immer noch eine berechtigte Bedrohung darstellt, die Bitcoin – oder jede Form – stürzen könnte von Krypto – jederzeit. Er erwähnte:

Ich denke, wenn Sie das nicht ertragen können, sollten Sie wahrscheinlich kein Bitcoin besitzen. Der Vermögenswert bewegt sich tendenziell in Schüben, auf die tendenziell Korrekturen folgen. Ich denke, es gab drei Korrekturen von 80 Prozent, was bei dieser Art von ziemlich früher Technologie mit einem ziemlich großen adressierbaren Gesamtmarkt normal ist.

Miller ist seit Jahren Eigentümer von Bitcoin und behauptete in einem Interview mit CNBC im Jahr 2018 zunächst , er habe etwa drei oder vier Jahre zuvor mit dem Kauf von Einheiten begonnen. Seit Anfang September hat Bitcoin seinen Preis um rund 230 Prozent erhöht.

Las monedas de la privacidad caen un 10% después del anuncio de Bittrex

El anuncio de Bittrex hoy dañó los mercados de las monedas de privacidad.

Los precios de las populares monedas de privacidad cayeron en picado después de que Bittrex anunciara hoy que eliminará de la lista a Monero, Dash y Zcash a finales de este mes.

Como Decrypt informó hoy temprano, la Bitcoin Evolution bolsa anunció que eliminará a Monero (XMR), Dash (DASH) y Zcash (ZEC) el 15 de enero de 2021, a las 23:00 UTC.

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El repentino anuncio envió los precios de estas monedas de la privacidad en una espiral descendente. Desde el anuncio de Bittrex, el precio de la XMR ha bajado un 12,4%, la ZEC un 9,5% y la DASH un 8,7%, según CoinGecko. Eso es una caída media del 10%.
XMR
+1.48% $135.34
24H7D1M1YMax
Dec 3Dec 7Dec 11Dec 15Dec 19Dec 23Dec 27Dec 31120130140150160170
Precio de XMR

Está previsto que se eliminen los siguientes mercados:

• BTC-XMR, ETH-XMR, USDT-XMR
• BTC-ZEC, ETH-ZEC, USDT-ZEC, USD-ZEC
• BTC-DASH, ETH-DASH, USDT-DASH, USD-DASH

#Clientes de Bittrex:

Los mercados de $XMR, $ZEC y $DASH serán retirados el viernes 15 de enero a las 23:00 UTC.

Detalles: https://t.co/8qAdjuwryJ

– Bittrex (@BittrexExchange) Enero 1, 2021

Bittrex no especificó por qué retiró estas monedas de la lista.
ZEC
-23.95% $57.51
24H7D1M1YMax
Dec 3Dec 7Dec 11Dec 15Dec 19Dec 23Dec 27Dec 31556065707580

Precio ZEC

Varias bolsas, como la estadounidense ShapeShift, la surcoreana Bithumb, y la holandesa LiteBit, ya se han retirado de la lista o se han negado a incluir las monedas de privacidad en ella para cumplir con los gobiernos preocupados por el blanqueo de dinero.

Precio DASH

Fundada en 2014, Bittrex, con sede en Seattle, lleva actualmente 327 monedas con 640 pares comerciales en su plataforma.
Bittrex eliminará las monedas de privacidad Monero, ZCash y Dash en dos semanas

Bittrex, la empresa de intercambio de criptografía, anunció hoy que eliminará de la lista las monedas de privacidad Monero (XMR), ZCash y Dash el viernes 15 de enero a las 23:00 UTC. #Clientes de Bittrex: El $XMR, $ZEC, y $DASH mar…