Someone thinks it is very possible that bitcoin and ethereum can go up in price. This person thinks that as long as people buy these coins, their prices will continue to rise. This person also thinks that if more people start buying these coins, they will become more popular and their prices will go up even more. However, this person also thinks that if people start selling these coins, their prices could go down. Read from source...

'these skewed reporting practices are undermining public trust in the media'

neutral
Importance: medium
Markets impacted: Bitcoin, Ether, other cryptocurrencies
CFA Score:
Context Summary:

Bitcoin (BTC) and other cryptocurrencies have retraced after a brief recovery, as tensions escalate between Israel and Lebanon following an Israeli military operation in Lebanon. The cryptocurrency market saw liquidations of more than $225 million in the last 24 hours, with the majority locked in long positions. Market sentiment has dropped from "greed" to "neutral," as per the Cryptocurrency Fear & Greed Index. Despite the day's setbacks, the cryptocurrency market gained 7.35% in September, marking the largest monthly gain ever recorded.

Ethereum (ETH)
Ethereum (ETH) is a decentralized open-source blockchain system that features its cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014 and officially launched the blockchain on July 30, 2015.
Ethereum's own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.
The Ethereum platform is essentially a collection of thousands of computers, or nodes, all running its software and storing its data. Every action on the Ethereum network is processed, verified and recorded on a blockchain, a distributed ledger that is constantly growing as completed blocks are added to it.
Ethereum 2.0
Ethereum 2.0, also known as Eth2 or Serenity, represents a major upgrade to the Ethereum blockchain that aims to improve its scalability, security, and sustainability.
It's an ambitious project that will transition Ethereum from proof-of-work to proof-of-stake consensus, allowing users to earn Ether in the process. Ethereum 2.0 will launch in multiple phases, with the first upgrade, called the Beacon Chain, having been launched on December 1, 2020. The full transition to Ethereum 2.0 will likely occur throughout 2022 and is expected to be completed by 2023.
Risks
The overall risk with Ethereum is that it's an emerging technology that has not been widely used or tested in real-world scenarios, which can lead to significant uncertainty about its efficacy and usefulness.
Other risks include regulatory and legal uncertainty, as laws governing cryptocurrencies and blockchain technology are constantly evolving, and the possibility that competing blockchain networks may render Ethereum obsolete.

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Disclosure: The author, staff, and participants of the AI community may or may not have a position in any stock discussed on this website, including the ones