Crypto is having a good weekend, ETH is above US$3,000
07 Aug 2021
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Ethereum had its update last week (Ethereum Improvement Proposal (EIP) 1559,); it was headed higher in the days and weeks leading into it and its gained since:
4HR candles:
Bitcoin, too, getting ahead; circa US$44K as I post.
As usual there is a bit of a scramble for narrative, Musk tweeted this:
- Agreed, this is not the time to pick technology winners or losers in cryptocurrency technology. There is no crisis that compels hasty legislation.
I bolded the bit catching the eye of some folks. Musk would be unlikely to be urging hasty legislation but there you go.