Bitcoin and Ethereum’s Trading Volume Remains High While Prices Stagnate

Bitcoin and Ethereum’s Trading Volume Remains High While Prices Stagnate


After showing signs of life on Monday, Bitcoin and Ethereum’s prices stagnate with little movement over the past 24 hours. The good news is that the trading volume for both BTC and ETH remains relatively high, which could suggest a potential upcoming bull run later in the week. Let’s look at relevant news affecting markets today.



Key Points:


  • While some Bitcoin miners file for bankruptcy, others manage to raise new capital.

  • Despite the bear market, several crypto companies manage to raise millions in VC funding, speaking to the long-term potential of the crypto market.

  • Ethereum’s merge is facing criticism for its short-term effects. Still, the long-term impact of the merge will provide Ethereum with much-needed scalability and the ability to support a large number of users.

  • The Crypto market remains in bearish territory today, but the high trading volume could provide the momentum needed for a bull run later in the week.

  • Bitcoin News


    While some Bitcoin miners like Compute North filed for bankruptcy this month due to the bear market, other miners managed to raise capital despite the low prices.


    According to a report from Coindesk, Solar-powered Bitcoin miner Aspen Creek Digital Corp. (ACDC) managed to raise $8M for its mining operation in Series A funding.


    According to the report:



    “The miner will use the proceeds for its second Texas mining facility, which will have 30 megawatts (MW) of mining capacity and be co-located with an 87MW solar farm.”



    One advantage for the Aspen Creek mining company is that they were able to secure the power for its mining ope ..

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