According to the latest figures, over the past 38 days, starting from Aug. 10, 2024, the total value locked in decentralized finance (defi) protocols has slipped by $ 5.07 billion. Despite this decrease, ethereum continues to pour into liquid staking derivative (LSD) platforms, with 29 distinct LSDs pulling in nearly $ 1 billion …
Analysis Suggests Bitcoin’s 2024 Halving Could Propel Price to $400,000
The highly anticipated 2024 bitcoin halving could spark a meteoric price rise, potentially driving its value to a staggering $ 400,000, suggests an analysis by Blockware Solutions. The forecasted supply trim in 2024 might ignite an explosive demand for bitcoin. The report highlights how a dynamic duo — a dip in sell-off pressures and …
Bitcoin’s Transaction Backlog Surges Past 400,000
A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the average network fee remains under $ 1, since August 6, it’s fluctuated from $ 0.77, peaking at $ 2.59 per transaction just two days later on August 8. Presently, the average transaction fee …