Balancer (BAL) price soars to new all-time high: What’s driving the rally?

BAL, the native cryptocurrency of Balancer, the popular automated market maker (AMM) utilized by many DeFi users to trade cryptocurrencies, has surged to new record highs above $70 on April 15. BAL/USDT 1-day price chart (Binance). Source: TradingView.com There are two key reasons behind the uptrend of BAL, namely the buzz around the Coinbase public listing and the resurgence of DeFi blue chips. What is the Coinbase and Balancer hype? On April 14, Adam Cochran, the partner at Cinneamhain Ventures, said he believes BAL would likely be one of the primary…

Bitcoin Could Be in the Greed Stage Based on High Leverage Being Used

Bitcoin’s market could have entered the ‘greed stage’ based on the high leverage being used by BTC traders The amount of leverage has increased since February The weekly Bitcoin chart is hinting of exhaustion and a top might not be too far away The Bitcoin market might have entered the ‘greed stage’. This is according to an analysis done by the CEO of CryptoQuant, Ki Young Ju, who pointed out that BTC traders are continually using high leverage. Furthermore, the amount of leverage being used by Bitcoin traders has increased…

S&P 500 Drops from Record High as Bank Shares Helped Prevent Stock Market Freefall

The general losses in the stock market were cushioned by bank shares after their better-than-expected earnings releases. The United States stock market on Wednesday recorded a mixed session result as gains in bank shares helped prevent a broader market freefall. The S&P 500 Index (INDEXSP: .INX) dropped 0.41% lower to 4,124.66 after hitting a new high in volatile trading. The Dow Jones Industrial Average (INDEXDJX: .DJI) added 53.62 points atop a 0.16% gain to close the session at 33,730.89. The Nasdaq Composite (INDEXNASDAQ: .IXIC) pared off some of its gains…

Ethereum (ETH) Price Hits New All-Time High Approaching $2500, On-Chain Data Hints $5000 Target

Looking at the past trend of the surge in Ethereum’s realized value and MVRV ratio, ETH price could surge another 100% from its current all-time high. Although Bitcoin (BTC) and most other altcoins have taken a step back today after Wednesday’s rally, Ethereum (ETH) price marches forward with full strength. The world’s second-largest cryptocurrency has hit a new all-time high of $2480 as it approaches its new milestone of $2500. At this price point, Ethereum (ETH) is already trading at 230% returns year to date again beating Bitcoin (BTC) by…

DOGE Taps a Lifetime Price High, Mark Cuban Says Dallas Mavs Shop Won’t Sell Its Dogecoin – Altcoins Bitcoin News

This week a number of digital assets saw significant gains, but the meme-themed digital asset dogecoin has seen a significant rise during the last 48 hours. Dogecoin tapped a high of $0.143 per unit on Wednesday and has spiked more than 104% during the last week. Meanwhile, the billionaire investor and television personality, Mark Cuban, says the Dallas Mavericks have been seeing increased dogecoin sales. Dogecoin Skyrockets to New Heights, Food Network Star Guy Fieri Gives a Shoutout to Shiba Inu Crypto Dogecoin (DOGE), the meme token that was launched…

Bitcoin Price Captures a $64,895 High, Pantera CEO Says ‘BTC Rally Exactly Like Previous Halvings’ – Markets and Prices Bitcoin News

Cryptocurrency markets have been surging during the last 24 hours, as billions of dollars have flooded into the crypto-economy. Bitcoin’s value touched an all-time high (ATH) once again on Wednesday morning (EST), reaching $64,895 per unit. The latest price rise is leading up to the upcoming Coinbase direct listing on Nasdaq. Crypto-Economy Surpasses $2.2 Trillion in Value Digital currency fans are quite pleased on Wednesday morning, as a slew of new gains has been recorded across the entire crypto-economy. The entire crypto-economy is currently valued at $2.2 trillion and is…

Civil Lawsuit Against Craig Wright Wants High Court to Rule Against His Bitcoin White Paper Claims – Bitcoin News

The Crypto Open Patent Alliance (COPA), a bitcoin industry working group focused on patent laws, has filed a civil lawsuit in the UK against Craig Wright. For many years now Wright has insisted he is Satoshi Nakamoto, but has yet to prove so to the greater crypto community. COPA is looking to get the UK High Court to rule that Wright is not the rightful owner of the Bitcoin white paper. COPA Files a Case Against Craig Wright Just recently, Bitcoin.com News reported on Craig Wright’s attempt to get websites…

Bitcoin Price Taps New All-Time High, Analyst Says ‘Fertile Grounds for BTC to Take a Fresh Leg Up’ – Markets and Prices Bitcoin News

The price of bitcoin has crossed a new all-time high (ATH) on Tuesday, as the leading crypto asset has jumped to $63,275 per unit during the early morning trading sessions (EST). At the time of publication, the entire market economy with over 9,203 cryptos is valued at $2.153 trillion with $164 billion in global trade volume. Bitcoin Price Touches New Highs Bitcoin (BTC) has finally crossed the psychological resistance at the $60k mark and even brushed past the last all-time price high. At around 5 a.m. (EST), bitcoin’s price jumped…

Bitcoin Price Hits New All-Time High of $62,700 Ahead of Tomorrow’s Coinbase Listing on Nasdaq

On some level, the Coinbase Nasdaq listing solves this problem for Bitcoin. Upon listing, traditional investors would have indirect access to the crypto sector through the Coinbase platform. On Tuesday morning, the price of Bitcoin (BTC) hit a new record high, trading at $62,700. The Bitcoin record interestingly happened just one day ahead of a Coinbase Nasdaq listing scheduled for April 14. Stack Funds co-founder and COO, Mathew Dibb, has expressed optimism about how the upcoming listing ties to Bitcoin’s price. In a conversation with CoinDesk, Dibb says that the upcoming…

Ether hits new all-time high above $2,200 hours ahead of Berlin hard fork

Ether (ETH) surged to a new all-time high on Tuesday, with the next major update in its ongoing development — dubbed “Berlin” — scheduled for Wednesday, April 14. Ether’s price reached $2,228 on Tuesday, marking the highest dollar valuation the coin has achieved since its conception. The coin’s market capitalization exceeded $250 billion for the first time. For context, the market cap of Bitcoin (BTC) was at the same level just six months ago, in late October 2020. Ether’s 1,328% growth over the past year persisted despite major concerns regarding…