Tag: 12Month

Citi Projects $143,000 Base Case For Bitcoin in 12-Month Outlook

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Bitcoin is back in focus after an outlook from Citigroup, where analysts mapped out a wide price range for the next year that captures both upside momentum and lingering downside risks.  The bank’s latest projections point to a base-case target of $143,000 over the next 12 months, anchored in expectations around a growth in ETF participation and clearer regulatory frameworks. Furthermore, Citi outlined an optimistic path that stretches to $189,000, alongside a bearish scenario that projects a downward move to $78,500. Related Reading ETF Adoption And Institutional Demand Citi’s base…

Ethereum Network Activity Surges As Daily Transactions Reach 12-Month Peak — Details

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Bitcoin bull run heats cryptocurrency jobs market, hits 12-month record

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The sector’s bullish trend during Bitcoin’s surge has seen the cryptocurrency jobs market heat up. According to CryptoJobsList, rising cryptocurrency prices and activity have increased the number of applicants and postings on industry job sites. Last month, published vacancies reached an annual record. Such an indicator has not been seen for several years amid the ongoing bearish stagnation. At the same time, the active search for employees occurred in March against the backdrop of Bitcoin (BTC) updating its historical maximum. The number of vacancies hovered around 291 in February, increasing…

Bitcoin (BTC) Price Retreats Slightly From 12-Month High

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Belgium’s top markets regulator is ordering embattled crypto exchange Binance to immediately cease serving local customers, according to a Friday notice. The Financial Services and Markets Authority (FSMA) said Binance is “offering and providing exchange services in Belgium between virtual currencies and legal currencies, as well as custody wallet services, from countries that are not members of the European Economic Area,” which the regulator says is in violation of a prohibition. “The FSMA has therefore ordered Binance to cease, with immediate effect, offering or providing any and all such services…

ETH Transaction Fee Surges to 12-Month High as PEPE Frenzy Grips Market

The daily median gas price, or transaction cost, hit a 12-month high of 87 gwei (one gwei is a billionth of an ether) early this week. The value has increased more than 50% since the launch of the PEPE token on April 18, according to pseudonymous analyst @hildobby’s Ethereum Gas tracker on Dune Analytics. At one point on Monday, the one-minute median gas price surged well past 150 gwei. Source 12MonthETHfeeFrenzyGripsHighMarketPepeSurgesTransaction CryptoX Portal

ETH Median Fee Surges to 12-Month High as PEPE Frenzy Grips Market

The daily median gas price, or transaction cost, hit a 12-month high of 87 gwei (one gwei is a billionth of an ether) early this week. The value has increased more than 50% since the launch of the PEPE token on April 18, according to pseudonymous analyst @hildobby’s Ethereum Gas tracker on Dune Analytics. At one point on Monday, the one-minute median gas price surged well past 150 gwei. Source

Blockchain venture capital funding fell to a 12-month low in August

Data from Cointelegraph Research reveals that in August 2022, the blockchain industry saw $1.36 billion of venture capital invested in the blockchain industry — a 12-month low and the fourth consecutive month-on-month decline in capital inflows. August’s inflows represent a 31.3% drop from July’s $1.98 billion, and the 101 deals closed in August had an average capital investment of $14.3 million — a 10.1% decline from July. The data was drawn from the Cointelegraph Research Terminal’s Venture Capital Database, which contains comprehensive information on deals, mergers and acquisition activity, investors,…

Dogecoin Whale Transactions Reach 3 1/2-Month High

“Musk’s acquisition of Twitter, which has played a key role in crypto discourse and has adopted the asset class, has spurred speculation about possible implications,” crypto derivatives firm FRNT Financial’s daily newsletter dated April 26 said. “For example, a number of DOGE-related profiles have circulated an exchange on Twitter where Musk responded ‘that would be [sick]’ to the suggestion of replacing the social media platform’s blue bird logo ‘to a doge.’” Source

Bitcoin rally hopes diminish as pro traders flip bearish, retail interest at 12-month lows

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Bitcoin (BTC) has been trapped in a symmetrical triangle for 56 days and the trend change could last until early May, according to price technicals. Currently, the support level stands at $38,000, while the triangle resistance for daily close stands at $43,600. Bitcoin mining up, retail interest down Bitcoin/USD price at FTX. Source: TradingView The week started with a positive achievement for the Bitcoin network as the Lightning Network capacity reached a record-high 3,500 BTC. This solution allows extremely cheap and instant transactions on a secondary layer, known as off-chain…