Meanwhile, the US markets are closed for the weekend. We take a look at the live Bitcoin (BTC) price and the prices of the top 25 crypto. Then we share the date of the Merge update for Ethereum (ETH) and see important developments at US regulator SEC. Finally, we share a special accusation against YouTube.
We begin, of course, with the live Bitcoin (BTC) price and the prices of the top 25 crypto.
Live Bitcoin (BTC) price and prices top 25 crypto rise further
At the time of writing, the live Bitcoin (BTC) price is quoting EUR 20,921.19. This is 2.38% higher than during our crypto update last night.
The prices of most crypto from the top 25 also continue to rise. Besides the stable coins, we only see Leo Token (LEO) suffering a loss with -1.88%. The biggest gain is currently with + 6.21% for Ethereum (ETH), but more on that later. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day and thus also throughout the weekend.
Does announcement date Ethereum (ETH) merge scare away crypto bears?
Those who have been following our news recently know that Ethereum (ETH) is on track for the rollout of the Merge update that is crucial for the implementation of Ethereum 2.0. When this rollout would take place was unclear until today.
In a developer call that the developers within Ethereum (ETH) had today this changed. There it was namely announced that the Merge will be rolled out in the week of September 19. The historic developer group call could be followed via a livestream on YouTube. This can of course be watched back.
As you can hear in the call, the week of September 19 was chosen though subject to a positive rollout of Merge on the last (Goerli) test network. This last test is expected to start in the 2nd week of August.
Ethereum (ETH) price upside down due to Merge update
We could see all day that investors were positively processing this news through the rising Ethereum price. Also at the moment, the live Ethereum (ETH) price of $1,251.15 with an increase of 6.21% is providing the best result of the day.
This is understandable, as the Merge update is considered the most important development since Ethereum (ETH) was founded in 2016. One therefore expects a huge price increase, partly because the update incorporates the switch to validation method Proof of Stake. With this, by staking (freezing the coin for a certain period) additional earnings for investors are possible. Merge will also bring many improvements for usage and environmental impact. The other side of the coin is that an unexpected complication or a delay due to problems in the final test network can severely damage confidence in the coin.
So for now, the rate is on the rise. This rise is a good sign that bearish patterns are breaking through. Analysts are convinced that there is room to go to the bottom of the supply zone at $ 1,420. By the way, they only want to speak of a real new bull run when the price rises above $ 1,500, and that chance seems slim as you can see here. So a volatile period awaits Ethereum (ETH).
In the short term, the future of Bitcoin is also uncertain. This afternoon we analyzed the bullish and bearish scenario for the Bitcoin (BTC) price and analyzed the BTC key prices for the coming weekend.
Positive crypto news from US regulator SEC
The announcement of the date for the Merge update was one of the factors that put crypto investors in a positive mood. That mood got even better when positive news came from the SEC.
For example, in an interview with Yahoo Finance, Chairman Gensler hinted that the SEC may be coming up with a relaxation of regulations to allow crypto coins to still meet the requirements for notification as a security. He did not go into detail about the plans, but a forthcoming attitude from the SEC is very well received in this regard.
In addition, SEC member Allison Herren Lee stepped down today. She announced this move in March. She is trading her position for a position as a professor in Italy. Within the SEC, she was known as a crypto critic. For example, in March she stated that most digital assets defy existing financial laws and regulations. Who succeeds her is not yet known, but perhaps a more positive candidate will return.
Dogecoin (DOGE) co-founder Jackson Palmer makes spicy argument with YouTube
The problem of cryptocriminals abusing celebrities for rogue crypto scams is not new. That this is done primarily through social media and that social media platforms are under attack as a result is also not. Jackson Palmer, co-founder of Dogecoin (DOGE) puts the discussion in a different light. On Twitter he lashed out at YouTube because there are still many scams going around in which Elon Musk is abused.
He states that it is so easy to prevent this that it is incomprehensible that YouTube does not do this. The devil is in the tail, because in the last Tweet he says that YouTube deliberately does not act against this spam because it would lose advertising revenue.
Twitter won’t load because you didn’t give permission.
I’m hearing a theory from people that the reason @TeamYouTube do nothing is because stopping scam streams would cost them ad revenue… that’s just really disheartening if the case.
– Jackson Palmer (@ummjackson) July 15, 2022
As far as we know, YouTube and Elon Musk have not yet responded to this piquant accusation. Another notable aspect is that Jackson Palmer is taking on Elon Musk with this.
After all, the two men have high profile feuds and Palmer even called Musk a crook earlier. To be continued perhaps…
Staying up to date on the latest stock price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”