Tag: High

Bitcoin price hits new all time high, what’s next?

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Bitcoin price has hit a new all-time high above $124k, fueled by increasing odds of a Fed rate cut in September, boosted by July’s U.S. CPI reading. Summary Bitcoin hit an alltime high of $124,000 as odds of a Fed rate cut in September rose. Spot Bitcoin ETFs drew over $1 billion in net inflows over the past five sessions. An ascending channel pattern has formed on the BTC 4-hour chart. According to data from crypto.news, Bitcoin (BTC) rose over 8.5% in the past 7 days to $124,128 on Friday,…

Bitcoin Sets New High On Back Of Latest CPI Inflation Data

Bitcoin (BTC) price hit a new all-time high above $123,231 on Wednesday on Coinbase, following a similar performance from the S&P 500 which rallied to a record high of 6,457. Bitcoin’s ascent to new highs comes one day after the July US CPI print showed inflation holding at 2.7% year-over-year, which was unchanged from June and below the forecast 2.8%. The data showed overall CPI increasing 0.2% versus a 0.3% increase in June. Following the report’s release, the CME FedWatch tool showed the market odds of an interest rate cut…

Ethereum Nears Its All-Time High Amid Retail Sell-Offs

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Ethereum is closing in on a historic test, hovering just 6.4% below its all-time high of $4,891. Despite persistent sell-offs from retail traders, the asset’s upward momentum continues, signaling a potential breakthrough that could set the stage for new record levels. Retail Sentiment Misfires: Lessons From Past Greed And Corrections Santiment, a popular platform in on-chain and market analytics, recently highlighted in a post that Ethereum is now within striking distance of a historic milestone — just 6.4% away from its all-time high of $4,891 set on November 16, 2021. …

Ethereum Overtakes Netflix Valuation as ETH Price Approaches $4,890 All-Time High

Key Notes ETH’s average transaction size surged 430% from $2,555 to $15,845, indicating increased whale activity and retail participation. Technical analysis shows potential for $5,000 breakthrough if price closes above $4,758 Bollinger Band resistance level. Corporate treasury purchases from BitMine, Fundamental Global, and Sharplink Gaming fueled the recent price momentum surge. Ethereum ETH $4 724 24h volatility: 4.2% Market cap: $570.41 B Vol. 24h: $60.13 B market cap reached a record $570 billion on Wednesday, Aug. 13, overtaking mega-cap stocks including Netflix and Mastercard. At press time, Netflix sits at…

Why is BNB Up Today? Corporate Buyers Help Token Near Record High

BNB climbed more thane than 4% in the past 24-hour period on a wider cryptocurrency market rally to breach the $850 mark and near its all-time high at $860. The token rose from $813.90 to its high during the session, breaking through key resistance points at $839.57 and $853.67 before meeting selling pressure near the $855 psychological level, according to CryptoX Research’s technical analysis model. The rally gained momentum after CEA Industries acquired 200,000 BNB, becoming the largest corporate holder of the asset. The move is part of a growing…

Here’s how high Bitcoin price go with 1% pension fund allocation

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The new executive order could unlock trillions in retirement funds for crypto, with a 1% shift potentially pushing Bitcoin to $194,000. Still, volatility and regulatory risks may limit quick adoption. Summary A recent executive order could enable crypto investments within employer-sponsored retirement plans, unlocking access to $12.2 trillion in assets. Bitwise projects that a 1% allocation shift could raise Bitcoin’s price to about $194,000, while a 10% shift might push it toward $868,700. Despite this potential, volatility, regulatory uncertainty, and fiduciary responsibilities remain big challenges. Last week, markets flicked from…

XRP ABC Wave Shows How High The Price Will Go If This Structure Holds

The XRP price action is unfolding in line with a textbook Elliott ABC Wave pattern, signaling the potential for its next upward move. According to crypto analyst Dark Defender, the chart structure remains intact and could set the stage for a major rally if the current corrective phase completes as projected.  ABC Wave Pattern To Drive XRP To New Highs In Dark Defender’s latest XRP price analysis, the crypto expert outlined a clear Elliott Wave ABC structure on a 4-hour chart, suggesting a potential price surge to new highs if…

Total Cryptocurrency Market Cap Reaches New High, Ethereum Value Surpasses Mastercard – SuperCryptoNews

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The total market capitalization of cryptocurrencies has reached a new all-time high of $4.14 trillion, driven by significant gains in Bitcoin and Ethereum. This new peak surpasses the previous record set on July 23, with the crypto market gaining 22% since the beginning of the year. This inflow of approximately $750 billion is comparable to the entire market cap during the bear market crash in November 2022. Despite the growth, the total crypto market is still valued less than tech giant Nvidia, which has a market capitalization of $4.45 trillion.…