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Ethereum’s Merge to Reduce Demand for GPUs, says Morgan Stanley

Ethereum’s Merge to Reduce Demand for GPUs, says Morgan Stanley

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Summary: According to a Morgan Stanley analyst, demand for GPUs should reduce with Ethereum transitioning into a proof-of-stake network. The crypto drawdown has further reduced the profitability of Ethereum mining. However, the Ethereum mining community could venture into alternatives such as Ethereum Cash and Ravencoin. Ethereum’s transition from a proof-of-work algorithm to proof-of-stake through the…

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First In History: Bitcoin Mayer Multiple Records Lower Value Than Last Cycle’s Low

First In History: Bitcoin Mayer Multiple Records Lower Value Than Last Cycle’s Low

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The Bitcoin Mayer Multiple has recently sunk to a lower value than the bottom of the previous cycle. This is the first time in the history of the metric that such a trend has formed. Current Bitcoin Cycle’s Mayer Multiple Low Is Deeper Than Last Cycle’s As per data released from the analytics firm Glassnode,…

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Bitcoin Tagging the Lower Monthly Bollinger Band Would Be a Logical Place to Put a Bottom, says John Bollinger

Bitcoin Tagging the Lower Monthly Bollinger Band Would Be a Logical Place to Put a Bottom, says John Bollinger

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Summary: John Bollinger has suggested that Bitcoin tagging the lower Bollinger Band on the monthly chart would be a logical place to put in a BTC bottom. However, he warned that Bitcoin is yet to tag the said Bollinger Band. MagicPoopCannon has also highlighted that Bitcoin’s weekly RSI is at its most oversold than ever…

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