CoinLoan Weekly: BTC and ETH New Highs
According to CoinMarketCap, BTC's 7 days price change is +13.93%, while its 24 hours change is +0.84%. As of August 9, at the time of writing, Bitcoin is $44,566.
Last week for BTC was quite a ride: if its first half was pretty stable with a price rise on August 5 (BTC reached $39,923), then the second one was all about rapid price changes. On August 8 Bitcoin reached $45,000 level for the first time since May, but then its price corrected a bit and the first cryptocurrency finished a week at $43,839 level.
Buy, sell or swap Bitcoin on a CoinLoan Crypto Exchange with zero fees on deposits and withdrawals.
Last week ETH was following a similar trend with a more calm first half of the week and a fluctuating second one. All-week high was reached on August 8 ($3,184), and all-week low on August 3 ($2,466). Overall 7 days change for Ethereum is +18.46%, which is 4.5% higher than Bitcoin, and 24 hours price change as of August 9 is -2.37%. At the time of writing ETH is $3,076.
Borrow cash and try ETH as a collateral on CoinLoan platform with a 4.5% APR.
As of August 9, Ripple is $0.807, which is +0.51% price change in the last 24 hours. Through the week XRP price increased by 7.37%.
XRP all-week high was reached on August 8 ($0.838) and all-week low on August 4 ($0.697).
Depositing XRP in a CoinLoan Interest Account, you can earn up to 7.2% APY.
Almost every cryptocurrency out of CoinMarketCap top 10 had a positive week.
ETH London Hard Fork Took Place on August 5
The London hard fork marked the rollout of 5 new Ethereum Improvement Proposals (EIPs): 1559, 3554, 3529, 3198 and 3541.
On the hard fork day, ETH reached a new two months high above $2,800 level, and on August 8 exceeded a $3,100 level for the first time since the May crash.
Analysts from Compass say that ETH miners can expect their income to decrease by 20-35%, but it will be compensated by the Ethereum price rise in the future.
Have a great week and stay tuned for the upcoming news, CoinLoaners!