Ethereum, altcoins ‘chop’ as crucial Bitcoin metric sees 28% decline

The price of Ethereum (ETH) is paying a heavy price for its usage in smart contract use, as a result of news that is causing investors to question the future of Ethereum. The latest news is that the price of ETH is now down 28% since the start of the month, according to the price monitoring site ETH/USD Charts. This is after a doubling of ETH prices since the beginning of the year.

Bitcoin, the leading cryptocurrency, has experienced a 28% decline in value since the beginning of the month. This marks a significant fall for the second most popular cryptocurrency, which has been on a steady decline since the beginning of the year.

The long awaited Bitcoin scaling debate has finally come to a close, with an agreement between the factions. The outcome of the hard fork has left Bitcoin with an additional 1MB block size increase to handle the increased transaction volume. This has increased the peak blockchain size from ~2.7GB to ~7.3GB. The Ethereum Hard Fork is set to happen on July 20, but the question is whether it will be a success?. Read more about altcoin dominance chart and let us know what you think.

Ethereum and altcoins are falling amid a 28% drop in bitcoin’s key metric.

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Edge ‘ Bitcoin – Ethereum ‘ Analysis

The cryptocurrency market was volatile over the weekend, with the key bitcoin metric showing one of the largest declines in history.

Rohan Jethi – 5. July 20, 2021 at 2:00 UTC – 2 minutes to play

Bitcoin (BTC) made a jump of nearly 6% on Friday amid a sharp decline in mining difficulties.

However, over the weekend this movement was almost completely reversed and the price closed below $32,100 this morning.

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As an independent organization in the blockchain industry, we are guided by strict editorial policies that emphasize objectivity and transparency in our reporting.Bitcoin’s price is on the decline, though it’s not entirely because of that thing called “FUD” (fear, uncertainty, doubt) which we’ve seen so many people talking about lately. A lot of people seem to think that the recent decrease in Bitcoin’s price is because of the drama surrounding the Segwit2x hard fork. But, in reality, the price drop has little to do with the Segwit2x hard fork and a lot to do with the recent drop in Bitcoin’s hashrate.. Read more about what is happening to crypto today and let us know what you think.

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