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Ethereum nears deflationary status, but crypto adoption grows as Bitcoin’s mining difficulty hits ATH

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City AM

By Darren Parkin Data from CryptoCompare shows that the price of Bitcoin mostly moved sideways over the past week, staying in a range between $19,100 and $19,300 with a sell-off to $18,400 being met with a rapid rise to $19,800 before BTC returned to its range. Ethereum’s Ether, the second-largest cryptocurrency by market cap, traded in a way similar to BTC, moving between $1,270 and $1,320 throughout most of the week. ETH endured a sell-off to $1,220 at the time of BTC’s sell-off but surged to $1,350 shortly after before returning to its range. Headlines in the cryptocurrency space this week …

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