Ethereum VS Bitcoin

The two biggest cryptocurrencies have reversed to grab a little of their recent gains back after the drop below crucial levels on Tuesday.

Bitcoin is again trading above the $34,000 level (4-39 percent up), Ethereum has recaptures the $2,000 price mark (3-93 percent up).

Both currencies dropped below these crucial support levels of $30,000 and $2,000 on Tuesday, along with the other major cryptocurrencies – BNB, ADA, XRP, and the others.

Digital Currency Group (DCG), Grayscale’s parent company, gears up to purchase shares of the Grayscale Ethereum Classic Trust (OTCQX: ETCG) with a valuation up to $50 million using the company’s cash, based on the company’s recent announcement on Monday.

DCG can acquire any specific number of these shares in any period, and “may be expanded, extended, modified, or discontinued at any time.” The purchase will depend on the timing and available cash.

“London” Ethereum hard fork will go live on three testnets which is the prelude to the mainnet launch.

According to Ethereum core developer Tim Beiko, the three testnets Ropsten, Goerli and Rinkeby testnets are at the set blocks at which the London hardfork will go Live on 24th, June 30th and July 7th respectively.

And after the successful upgrade on these testnets, a block will be set for the Ethereum mainnet.

Author: Mcrypto

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