August 26 BTCUSD BingX Chart Analysis and Today's Headline
BingX’s Bitcoin Chart
According to The Block, as of August 24, the NFT marketplace volume for the month was $369.53 million, compared with $675.43 million in July — a roughly 46% decline. Bitcoin price is almost flat over the past 24 hours. The largest cryptocurrency has been trading in a tight range between $20,800 and $21,500 since 19 Aug, indicating the demand dries up at higher levels. For now, the bulls need to push the Bitcoin price above the 50-day simple moving average (SMA) ($22,408) to establish a relief rally. If the bulls could not hold the current level, Bitcoin could find support at around $20,000.
Today’s Cryptocurrency Headline
Ethereum Foundation Confirms the Merger Date
The Ethereum Foundation confirmed the timing of the mainnet merger in a blog post. The Merge is a two-step process. The first step is a network upgrade, Bellatrix, on the consensus layer triggered by an epoch height. This is followed by the execution layer's transition from proof-of-work to proof-of-stake, Paris, triggered by a specific Total Difficulty threshold called the Terminal Total Difficulty (TTD). The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain -- 11:34:47am UTC on Sept 6, 2022. Paris, the execution layer's portion of the transition, will be triggered by the Terminal Total Difficulty (TTD) of 58750000000000000000000, expected between Sept 10-20, 2022. The exact date at which TTD is reached depends on proof-of-work hash rate.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
According to The Block, as of August 24, the NFT marketplace volume for the month was $369.53 million, compared with $675.43 million in July — a roughly 46% decline. Bitcoin price is almost flat over the past 24 hours. The largest cryptocurrency has been trading in a tight range between $20,800 and $21,500 since 19 Aug, indicating the demand dries up at higher levels. For now, the bulls need to push the Bitcoin price above the 50-day simple moving average (SMA) ($22,408) to establish a relief rally. If the bulls could not hold the current level, Bitcoin could find support at around $20,000.
Today’s Cryptocurrency Headline
Ethereum Foundation Confirms the Merger Date
The Ethereum Foundation confirmed the timing of the mainnet merger in a blog post. The Merge is a two-step process. The first step is a network upgrade, Bellatrix, on the consensus layer triggered by an epoch height. This is followed by the execution layer's transition from proof-of-work to proof-of-stake, Paris, triggered by a specific Total Difficulty threshold called the Terminal Total Difficulty (TTD). The Bellatrix upgrade is scheduled for epoch 144896 on the Beacon Chain -- 11:34:47am UTC on Sept 6, 2022. Paris, the execution layer's portion of the transition, will be triggered by the Terminal Total Difficulty (TTD) of 58750000000000000000000, expected between Sept 10-20, 2022. The exact date at which TTD is reached depends on proof-of-work hash rate.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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