Ethereum Is Again the Most Popular Coin. Ethereum (ETH), which was the most popular coin, increased by 0.54 percent while Bitcoin (BTC) gained 0.21%. The biggest gainer this morning was EOS. EOS (EOS), which was up 24.71% at $1.57, was the day’s top gainer. Celsius (CEL), which fell by 8.82% to $2.47, was the biggest loser. To $24,059.17, bitcoin increased by 0.21 percent. In terms of price analysis, BTC had a very erratic trading session, with its price alternating between red and green. However, by 6.14 am today, the price of BTC began to recover all its losses, and currently, it is trading higher. This morning, the price of Ethereum was $1,899.47, showing a gain of 0.54 percent. For most of August 16, ETH’s price was generally in the green. On August 17, however, the price of ETH entered the red at 12.19 am and stayed there until 12.44 am. Once the price started to rise again, ETH was back at $1,895 levels by 6.29 am. ETH’s current going rate was $1,862.27. The trading volume for ETH fell by 19.61% to $15,891,460,347. Today, the cost of Solana increased by 0.98 percent to $43.87.Cardano (ADA) increased by 0.72% to $0.5627. To $731,760,486, the ADA 24-hour trading volume dropped by 15.91%. Bit Mining Limited (NYSE: BTCM), a company engaged in cryptocurrency mining, has announced that it has signed a securities purchase agreement with institutional investors. Bit Mining runs cryptocurrency mining facilities, a mining pool, and makes mining rigs (Bee Computing). The business runs and owns and offers mining services for Ethereum, Litecoin, and bitcoin. The prospectus states that the most recent $9.3 million offering would close on or about August 18. The acquisition and sale of 15,566,665 American Depositary Shares (ADSs) of the Company, Series A warrants to purchase up to 15,566,665 ADSs, and Series B warrants to purchase up to 15,566,665 ADSs in a registered direct offering at a combined purchase price of US$0.60 per ADS and accompanying warrants. Each ADS represents ten Class A ordinary shares of Bit Mining with a par value of US$0.00005 per share,” the company said in a statement on Wednesday.

  • The $9.3 million in funds will be applied to business expansion and mining equipment purchases. Additionally, the money would be used to “improve working capital position and [invest in] new business prospects.
  • On Wednesday, Bitcoin (BTC) declined for a fourth straight session as cryptocurrency markets once again experienced gloomy sentiment.
  • On hump day, less than a day after reaching its peak price of $24,407.06, the biggest cryptocurrency token in the world fell to an intraday low of $23,733.50.
  • Recent bearish pressure has emerged because of BTC bulls existing holdings from last week when prices crossed the overbought threshold.
  • Prices have seen back-to-back decreases since the 14-day relative strength index (RSI) reached a high of 62.29 last week, which was its strongest position since April.
  • The RSI is currently tracking at 54.19, well above the nearest support level of 53.66.

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