Tag: High

How High Can It Rise?

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In a significant development, defunct cryptocurrency exchange FTX has unveiled a reorganization plan to reimburse almost all of its customers.  The announcement has sparked a substantial surge in the exchange’s native token, FTT, which recorded an uptrend of 52% over the past seven days, reaching a monthly high of $2.29 during Wednesday’s early trading session. FTX Unveils Debt Repayment Strategy FTX estimates its outstanding debts to creditors to be approximately $11.2 billion, as revealed in the reorganization plan published late Tuesday. The company has disclosed that it possesses between $14.5…

Solana to surpass all-time high despite activity decline, expert predicts

Solana witnessed a 30% drop in total value locked but the blockchain has a chance to make new highs soon. According to DefiLlama, the value of decentralized applications fell by $10 billion in April. In addition, the total value locked (TVL) of the Solana blockchain has fallen from a March peak of $4.64 billion to $3.8 billion at the time of writing. Source: DefiLlama The decline in Solana’s performance occurred against the backdrop of a decline in the excitement around meme coins in this blockchain, and the fall of Bitcoin (BTC) after its rapid growth in…

Report Reveals Hundreds of US Banks at Risk of Failure Amid High Interest Rate Environment

Following the dramatic bank failures last year and the recent collapse of Philadelphia’s Republic First Bank last week, an analysis by Klaros Group indicates that hundreds of U.S. banks are at risk of failure. The study reveals that smaller and regional banks are experiencing stress due to burdensome commercial real estate loans and the current […] Source CryptoX Portal

Bitget Cites High Adoption Rates in MENA Following 1,400% Surge in Region’s Active Users

Between November 2023 and April 10, the number of active cryptocurrency users from the Middle East and North Africa using the Bitget platform grew by more than 1,400%. Bitget’s strong performance in the Middle East and North Africa is attributed to the region’s perceived high adoption rates and the generally friendly landscape for cryptocurrencies. Support […] Source CryptoX Portal

Bitcoin’s First Post-Halving Adjustment Raises Mining Difficulty to Record High

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Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from 86.39 trillion to a new level of 88.10 trillion. Bitcoin Miners’ Strength Tested as Mining Difficulty Jumps 2% Post-Halving As of block 840,672, which occurred […] Original

XRP Wallets Holding At Least 1 Million Coins Nears All-Time High As Sentiment Improves

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With the crypto market on the rise once again, XRP has seen positive headwinds and this has triggered an improvement in sentiment among investors. This positive recovery has seen more crypto investors move to acquire the altcoin, pushing a very important holder cohort toward new all-time high levels. Wallets Holding More Than 1 Million XRP Nears ATH Over the last year, there has been a lot of selling among XRP investors as the price continued to struggle. This poor performance continued despite Ripple securing multiple partial victories against the United…

BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High

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BNB price is attempting a fresh increase from the $550 zone. The price cleared the $600 resistance and might extend its increase above $630. BNB price started a fresh increase after it cleared the $550 resistance zone. The price is now trading above $580 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $592 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $608-$610 resistance zone. BNB…

Deutsche Bank Expects Bitcoin Price to ‘Stay High’ After Halving — JPMorgan Disagrees

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JPMorgan Chase and Deutsche Bank have weighed in on potential price movements for bitcoin following the halving. “We continue to expect prices to stay high,” Deutsche Bank analysts said. JPMorgan analysts, however, stated that they “see downside for the bitcoin price post halving for several reasons.” JPMorgan and Deutsche Bank on Bitcoin Post-Halving JPMorgan Chase […] Original