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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & LUNA – American Wrap 7 February

Bitcoin price unmoved despite Thailand making BTC, crypto trading VAT-free

Bitcoin (BTC) price has not shown any directional bias since the close of January and continues meandering around a certain Simple Moving Average (SMA). As investors impatiently look for possible entries, reports indicate that Thailand, like Dubai, is making moves to draw in BTC traders.

Ethereum’s second most important upgrade after the Merge is the Dencun upgrade. This packs in EIP-4844, an Ethereum Improvement Proposal, to reduce transaction costs for Layer 2 chains. 

ETH price is $2,371 on Wednesday, with the altcoin rallying nearly 2% in the past week. 

LUNA teases arrival of Cosmos-based protocol Alliance’s assets on Terra

Terra dropped details of an open-source Cosmos-chain-based module Alliance in its recent tweet on X (formerly Twitter). Alliance powers mutually beneficial relationships between blockchains and traders can stake Alliance assets to earn rewards using their Terra station wallets. 
 

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