Tag: High

BLZ price jumps amid high derivatives trading activity

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bluzelle (BLZ) has struggled since March. However, the recent spike in the asset’s trading activity has sparked a bull run for BLZ. Data provided by Coinglass suggests that the derivatives trading volume of Bluzelle rose by 300% over the past 24 hours, surpassing $2.5 billion. In addition, BLZ is trending on Binance, Bybit, and Bitget crypto exchanges, with most traders aiming at long trades. BLZ price, deposit activities, supply on exchanges, and volatility – Aug. 14…

Bitcoin teases new volatility as BTC price taps 4-day high near $29.6K

Bitcoin (BTC) hit multi-day highs after the Aug. 14 Wall Street open as modest volatility trickled through to the market. BTC/USD 1-hour chart. Source: TradingView Bitcoin traders provide “some action” after flat weekend Data from Cointelegraph Markets Pro and TradingView tracked a trip past $29,500, marking the highest BTC price levels since Aug. 10. Unusually flat trading conditions, followed by a brief dip to $29,000 support, comprised weekend price action, this now appearing to give way to more interesting behavior. Analyzing the current setup on exchange order books, popular trader…

Cardano sees 16-month high accumulation

Cardano (ADA) has been experiencing a noteworthy surge in accumulation despite prevailing bearish sentiment in the market.  Despite a 35% decline in its market cap over the last four months since the yearly peak, trader sentiment toward Cardano remains subdued. However, this hasn’t dissuaded large holders from showing a continued interest in the asset. Per the data from Santiment, the number of wallets holding 100,000 or more ADA tokens has reached its highest level in 16 months, with a current count of 25,294 such addresses.  This accumulation trend bucks the…

Bitcoin futures open interest at 2023 high while BTC trading volume at yearly low — What gives?

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Bitcoin (BTC) traders are currently not pleased with the recent price trends, especially due to the inability of its price to surpass the $30,500 mark over the last four weeks. This frustration is compounded by the fact that several requests for spot Bitcoin exchange-traded funds (ETFs) are either being delayed or pending review from regulators. Interestingly, there has been a noticeable uptick in the open interest of Bitcoin’s futures contracts, which likely indicates increased demand from institutional traders. On the other hand, activity in the derivatives markets has been lackluster.…

Solana Cuts Saga Price By 40%, Case For SOL YTD High Rises

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Solana Mobile, a subsidiary of Solana Labs, announced a significant 40% price reduction for its Saga smartphone, slashing the price from its initial $1,000 to a more affordable $599. This move comes just four months after the phone’s launch, sparking a flurry of reactions from the crypto community. The official statement from the company suggests that the price cut is a strategic move to foster wider adoption of mobile web3 and to enhance the user experience for the Solana mobile community. However, on-chain data paints a slightly different picture. According…

Aptos (APT) Volume Remains Extremely High, More Gains Ahead?

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On-chain data shows the Aptos (APT) trading volume has continued to be extremely high after the rally, a possible sign that more gains may be coming. Aptos Social Dominance Calms Down, But Trading Volume Remains Elevated Yesterday, news came out that tech giant Microsoft has partnered up with Aptos Labs to work on blockchain-based AI tools. This big announcement naturally caused a reaction in the market, as the company’s token, APT, observed a very sharp 17% jump. The token had neared the $8 level at the peak of this surge,…

Litecoin Hashrate Taps New All-Time High, Will LTC Price Follow Suit?

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The Litecoin hashrate has been going up steadily over the last year. This was mainly driven by the anticipation leading up to the Litecoin halving that was slated to take place in August. Now that the halving event has come and gone, the hashrate has risen to a new all-time high, but the question is, whether the price of LTC will follow suit. Litecoin Hashrate Taps New ATH Of 1.03 PH/s The steady rise in the Litecoin hashrate is a testament to the growing interest in the network. The hashrate…

Optimism (OP) Tallies 13% In 7 Days Despite High Profile DeFi Hack

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In the midst of the ever-changing cryptocurrency landscape, Optimism (OP) has shown remarkable resilience, posting a notable price increase of 13.53% in the past seven days. Despite facing a slight decline of 1.80% in the last 24 hours and a further 1.35% shrinkage within the hour, Optimism remains on an upward trajectory. With the current price sitting at $1.68 per OP and still 48.38% below its all-time high of $3.26, traders and investors are eager to uncover the reasons behind its recent gains. This article explores the factors contributing to…

NFT Trading Is Down But Developer Sentiment is High

What: CryptoPunks, one of the earliest NFT projects on Ethereum and also one of the most popular collections of all time, experienced a number of high-profile trades this week, including one from prolific NFT artist Beeple. His first profile-picture (PFP) NFT purchase, the clownish Punk #4953 set the stage for other high-value buys, including Punks #6634, which sold for 235 ETH (about $432,000) and Punk #3307, which sold for 500 ETH (about $915,000). Source

Bitcoin Addresses In Loss Soar To One-Month High Amid Mixed Market Indicators

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Bitcoin, the pioneering cryptocurrency, is currently exhibiting mixed market signals, according to the latest data from Glassnode. The analytics firm points out that Bitcoin addresses in loss have reached a one-month high, even as the count of addresses holding smaller balances of the coin marks a record high.  The contrasting trends paint an intriguing picture of the current state of the Bitcoin market, further spurring dialogues on the future trajectory of this digital asset. BTC Addresses In Loss Reaches New Heights Glassnode’s report reveals earlier today that the number of…