Ether held near two-month highs on Thursday ahead of a major adjustment to its underlying Ethereum blockchain that would alter the way transactions are processed.
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Ethereum is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether token and sharply boost its price.
Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week.
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Ether investment products and funds posted record outflows in the last week of June, bearing the brunt of negative sentiment on cryptocurrencies.
Bitcoin fell below $30 000 for the first time in nearly five months as China’s latest crackdown on cryptocurrencies weighed.
Bitcoin slid on Monday amid a fraying appetite for riskier investments and an intensifying cryptocurrency crackdown in China.
Bitcoin slipped 4% on Friday after Tesla CEO Elon Musk was at it again — this time firing off a few tweets that appeared to lament a breakup with the cryptocurrency.