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November 29, 2022
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Bitcoin is back above $ 40,000. ETH breaks $ 2,800

Bitcoin has just dropped to $ 37,500. Now, however, it has broken the psychological barrier of $ 40,000 again. The altcoin charts are also green. The ETH is at the forefront of alternative coins. Why? Because the second largest blockchain has gone through the long-awaited London update.

The price of Bitcoin breaks $ 40,000

Since last weekend, when BTC peaked at $ 42,600, the original coin struggled with a further breakout. In the next three days, the BTC price was losing support behind the support.

The apogee was yesterday. The coin dropped to its lowest level in a week – $ 37,500. However, it seems the bulls have taken the initiative and reversed the trajectory.

Bitcoin started to rise and gained about $ 2,500 in value. As a result, the coin broke the $ 40,000 mark again. At the time of writing this article, BTC is trading at $ 40,496.

The market capitalization of the flagship coin remains above $ 700 billion. However, its dominance over other cryptocurrencies has decreased. Most of them grew by a greater percentage than the market leader.

ETH for a maximum of 2 months

As reported today on our portal, the Ethereum blockchain has passed through the London Hard Fork. The event that should reduce transaction fees has not seen any increases in recent days. ETH was available for purchase yesterday for just $ 2,500.

Today, however, the situation is completely different. ETH soared to $ 2,800. This is the highest price in almost two months.

The hard fork introduces five key changes to the network. The most important, however, is EIP-1559. EIP-1559 is to lower transaction costs on the Ethereum blockchain. Are you sure? In fact, it will allow users to better estimate how much the transaction costs. This means that instead of blindly amortising a transaction with additional gas, users can be more precise in their estimates. This is likely to make them pay less.

Current Bitcoin rate and other cryptocurrencies, you can always check the tabs: exchange rate Bitcoin and the cryptocurrency rate at . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will find out how you can efficiently create one: LINK.

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