Bitcoin went through massive volatility over the past few days, Ethereum's Beacon chain saw the Bellatrix upgrade go live, while the Terra ecosystem is in for a wild ride.
Bitcoin Volatility, LUNA and LUNC Rollercoaster, Ethereum Merge Hype: This Week’s Crypto RecapBitcoin went through massive volatility over the past few days, Ethereum’s Beacon chain saw the Bellatrix upgrade go live, while the Terra ecosystem is in for a wild ride.
Starting with Bitcoin, it got off on the wrong footing. For the first few days of the last week, BTC was rangebound around $20K – a trend that we saw for quite some time before that. On Tuesday, though, the sellers took control and pushed the price towards $18,000. Elsewhere, the Bellatrix upgrade went live on Ethereum’s Beacon chain. This is the last upgrade to take place before the coveted Paris hard fork . Its purpose is to enable validators to start producing updated Beacon Blocks that will contain the codebase for the merging of the two layers – the consensus and the execution layers.
The former is up 67.3% in the past seven days, and the major reason for that is the new staking service that went live on the Terra Classic chain on August 27th, providing investors with a hefty return of about 37% on their stakings, as of the time of this writing.
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