At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
Bullish Market
What Are Crypto Bullish and Bearish Markets?
A bullish market in the context of cryptocurrency refers to a market where prices rise and investors are optimistic about future price increases. On the other hand, a bearish market is one where prices are falling, and investors are pessimistic about future price decreases. For example, in late 2021, the price of Bitcoin reached an all-time high of over $65,000. This was considered a bullish market for Bitcoin. However, the price of Bitcoin dropped significantly in 2022, which would be…
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