Bitcoin takes off, Michael Burry misses and Ethereum is highlighted

Charlie Taylor

Michael Burry from The Big Short. Photo: Reproduction.Coingoback" srcset="https://cointimes.com.br/wp-content/uploads/2022/06/Banner-Coingoback-700x150-1.jpg 700w, https://cointimes.com.br/wp-content/ uploads/2022/06/Banner-Coingoback-700x150-1-300x64.jpg 300w, https://cointimes.com.br/wp-content/uploads/2022/06/Banner-Coingoback-700x150-1-150x32.jpg 150w, https://cointimes.com.br/wp-content/uploads/2022/06/Banner-Coingoback-700x150-1-585x125.jpg 585w" data-sizes="(max-width: 700px) 100vw, 700px " width="700" height="150" style="display: inline-block;This week, bitcoin sought to consolidate above the $40,000 level after several rejections by sellers. On Saturday morning, the BTC ignored completely the bears that pointed to the bear standard “shoulder, head, shoulder” and soared to around US$ 41,500 and R$ 216,000 in Brazil. The Big Short”, has now deleted the account to err a few days before another big drop for the cryptoactive. The record outflow of BTC from exchanges, the improvement in the Fear and Greed Index and 9 consecutive days of high reinforce the optimism of investors. The Ethereum, second largest blockchain in the world, has also been featured in recent days. The number of validators for Ethereum 2.0, the network's next big update, reached the number of 200 thousand. That's over $15 billion in staking assuring blockchain security. Ethereum will see an update soon, where developers have included proposed 1559 improvement, which changes the dynamics of transaction fees. Both scalability and price can benefit, Cointimes spoke on Thursday with specialist Solange Gueiros on the subject at Conexão Satoshi, which you can watch the recording on Youtube.

Cryptocurrencies are increasingly popular

Another interesting point was the result of more polls that came out this week. According to an Independent Reserve (IRCI) study, 43% of Singaporeans own digital assets. Cryptocurrencies in general are seeing much greater adoption and further evidence of this is a report by Crypto.com which estimated 220 million users of cryptocurrencies by the end of June, an increase of 100% in 6 months. When we only take bitcoin into account, there are 114 million users around the world. The interest in digital assets is so great that even central banks want to create their own. A recent survey showed that 81 countries are developing their Central Bank Digital Currency (CBDC), including Brazil, Nigeria, Canada and South Africa. To learn more about central bank digital currencies, watch our video “The digital currencies of states and stablecoins will debunk bitcoin?”

What will we see next week?

Next week, on Monday (2), version 3.0 of NEO will be released. Previously called Antshares, NEO is a blockchain that was once well known as the “Chinese Ethereum”. In addition to bug fixes, smart contracts are expected to be more efficient in this new version. We will await the development to see the results and how the market will react, in Brazil the popularity of this crypto is low. A more relevant update for the cryptocurrency space, however, is certainly the hard fork London of Ethereum, which takes place in block 12.965 .000, possibly mined on Wednesday night or early Thursday morning. We've already talked a lot about what this upgrade does to the ecosystem and how investors might react to it in the last Satoshi Connection, but it's worth noting that London is a big step towards ETH 2.0. But what events are you most looking forward to in the coming days in the world of cryptocurrencies? Do you have an opinion on recent events? Leave it in the comments section below.Follow Cointimes on the Telegram to receive notification of all stories and articles.

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