Tag: High

ECB President Says Euro Zone Inflation Still ‘Too High’ as Rate Falls Lower than Expected to 6.1%

Inflation in the Euro zone has fallen to 6.1% as individual countries are also recording reductions. However, Lagarde plans more rate hikes. Euro zone inflation has dropped in May, with a steeper plunge than analysts and observers expected. Flash figures show that headline inflation, which was 7% in April, fell to 6.1% in May. This is the lowest recorded figure since February 2022. According to a Reuters poll, economics had set the May figure at 6.3%. Core inflation, minus food and energy, also fell from 5.6% to 5.3%. The general sentiment in…

TRC-20 USDT circulation hits record high 5 years after Tron mainnet launch

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On May 31, Tether (USDT) tokens issued on the Tron blockchain reached another all-time high of $46 billion, compared to $36.8 billion for Ethereum, accounting for over 60% of USDT’s circulating supply. The milestone comes on the fifth-anniversary launch of the Tron mainnet. Over the past five years, Tron developers claim that the blockchain has processed 5.6 billion transactions and currently has a total value locked of $5.7 billion. Tron’s creator, Justin Sun, said his 2023 goals include elevating the network’s on-chain stablecoin market cap to $100 billion and establishing…

Bitcoin (BTC) Mining Difficulty to Set New All-Time High This Week

An increase in difficulty means a decline in profitability for miners because their chances to win any single block, and bring in revenue, becomes slimmer. Marathon Digital Holdings (MARA), one of the biggest miners, noted that its monthly mined bitcoin was lower, month-on-month, as difficulty rose in April. Similarly, Canadian miner Bitfarms (BITF)’s fourth quarter slid to a loss due to higher difficulty. Source

Bitcoin’s price surges past $28k as non-zero BTC addresses reach 5-year high

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The global capitalization has surged by roughly $27 billion in less than 24 hours as bitcoin (BTC) rallied above $28,000. The largest cryptocurrency by market cap, BTC, has been consolidating between $26,700 and $27,100 since May 11. However, with the recent global hike, the coin is now up 3% in the past 24 hours. BTC price – May 29 | Source: Trading View When writing on May 29, bitcoin is trading at around $28,025. Its 24-hour…

High Court Denies Bail for Do Kwon Due to Lack of Concrete Evidence

Kwon is currently expected to show up in court on June 16. The value of Kwon’s property was based on a statement alone, lacking concrete evidence. As a result, the high court has ruled against his bail. The requests to bail out Do Kwon, co-founder of the defunct Terra Labs, were rejected due to insufficient document verification. After a lower court reviewed the documents, a bail motion was made but was ultimately rejected by the high court due to improper property valuation. As a result, Do Kwon will remain in…

Orange Juice Futures Price Trajectory Up as February Record High of $3 Signals

Crop commodities, including orange juice, are bullish following several underperforming weeks and could hit record highs May-ending.  Orange Juice futures climbed 29% this year and is fully recovering following the volatility that succeeded its record highs. The world benchmark FCOJ (Frozen Concentrated Orange Juice Futures) contract remains firmly rooted among raw materials with double-digit gains for 2023. Amid this development, agriculture-focused financial services provider Rabobank noted that FCOJ bulls could shoot for a new $3 record high. However, Rabobank also cautioned that this potential bull rush could trigger another price fall in the…

$160K at next halving? Model counts down to new Bitcoin all-time high

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Bitcoin (BTC) price action may lack momentum this month, but one popular analyst is still eyeing new all-time highs. In his latest analysis, TechDev confirmed that he believes BTC/USD will see a “parabolic top” around the 2024 block subsidy halving. Can Bitcoin p gain 500% in a year? Less than twelve months away, Bitcoin’s next halving is already the topic of debate among market participants. Some argue that the event will lay the foundations for the next all-time high, in line with previous halving cycles. For TechDev, however, the new…