Tag: High

Value Locked in Defi Descends Below $50B Range 9 Days After 2023 High   – Defi Bitcoin News

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The total value locked in decentralized finance (defi) has descended below the $50 billion range after reaching a 2023 high of $53.63 billion on April 14. This shift has been felt across the board with the top 18 defi protocols recording losses during the past seven days, and the largest defi protocol by TVL size, Lido, losing 8.25% over the past week. 18 of the Top Defi Protocols Recorded Weekly Losses Crypto asset markets have experienced volatility in the past seven days, and on Sunday, April 23, 2023, the total…

Bitcoin mining difficulty hits record high, indicating network resilience

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin’s mining difficulty has reached a new all-time high of 48.7T, after a 1.72% increase, according to BTC.com, demonstrating the cryptocurrency network’s resilience and tenacity. Despite the market’s recent volatility, the network’s hashrate hit an all-time high of 348.6 EH/s. This indicates that more miners are joining the network, which is positive for bitcoin’s stability and long-term health. The mining difficulty of bitcoin fluctuates frequently, but it has seen significant growth over the past year, rising…

LINK Jumps to 6-Month High, LTC Back Above $100 – Market Updates Bitcoin News

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Chainlink rose to a six-month high in today’s session, as crypto markets moved back into the green on Tuesday. Markets were buoyant following stronger than expected Chinese growth data, with the global market cap up 0.45% as of writing. Litecoin also climbed, hitting a two-month high in the process. Chainlink (LINK) Chainlink (LINK) rose to a six-month high on Tuesday, as the global crypto market cap rebounded from Monday’s decline. LINK/USD rallied to an intraday high of $8.66 in today’s session, a day after trading at a low of $7.97.…

Exchanges Receive $375M Influx of Ether Since Ethereum Shanghai Upgrade as ETH Price Hits 11-Month High

Before the upgrade, some crypto watchers worried that the event would flood the market with millions of unlocked ETH and crash the second largest cryptocurrency’s price, although others predicted little impact or that the price would rise. News of a seamless implementation pushed ETH’s price above $2,100 the day following, its highest level since May 2022. ETH outperformed bitcoin (BTC) in that 24-hour period. ETH was recently trading at about $2,070, down more than 2% over the past 24 hours. Source

DOGE Jumps 6%, AVAX Hits 2-Month High on Monday – Market Updates Bitcoin News

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Dogecoin rose by over 6% to start the week, as prices moved back towards a key resistance level. The meme coin moved higher for a fifth straight session, despite the cryptocurrency market falling by 1.54% as of writing. Avalanche also climbed, hitting a two-month high. Dogecoin (DOGE) Dogecoin (DOGE) rose by as much as 6% on Monday, as prices surged for a fifth consecutive session. Following a low of $0.08858 on Sunday, DOGE/USD raced to an intraday peak of $0.0946 earlier in today’s session. The move saw dogecoin close in…

Tether market cap eyes record high after regaining 65% stablecoin dominance

Tether (USDT) has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the U.S. On April 17, the U.S. dollar-pegged stablecoin’s circulating market valuation reached nearly $81 billion, just 1.5% below its record high of $82.29 billion from a year ago. It has grown about 20% year-to-date (YTD) already and is now eyeing new all-time highs. USDT market capitalization monthly chart. Source: TradingView Tether rivals hit new yearly lows USDT’s growth came as Tether ate up the market share of its stablecoin rivals, USD Coin…

Ether (ETH) Price Shoots 11-Month High despite Over 1M Withdrawals

Ethereum has delivered an extremely strong performance by gaining more than 10% since the Shapella upgrade. Ether (ETH) has successfully delivered a very strong performance shooting past $2,100 levels and hitting a new 11-month high. As of press time, ETH is trading at $2,087.83 with a market cap of $249 billion. This strong price performance comes despite more than 1 million ETH being withdrawn from the Ethereum Beacon Chain just within the first four days of the Shanghai hardfork upgrade. Furthermore, all of these withdrawals happened from nearly 477,805 transactions…

Ether hits 11-month high as post-Shapella withdrawals pass 1M ETH

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Over 1 million Ether (ETH) worth $2.1 billion has now been withdrawn from Ethereum’s Beacon Chain within the first four days of the Shapella hard fork and Ether has pushed over $2,100 for the first time in 11 months. The 1.03 million ETH withdrawals have come from 473,7000 withdrawal requests, with Saturday, April 15 being the largest withdrawal day at 392,800 ETH according to data from beaconcha.in. Of the active validators, nearly 87% or 469,000 of the 540,000 are now able to withdraw their staked Ether. April 15 to 16…

Ether Price Hits Fresh 11-Month High

Ether was over $2,100, as many investors opt for the prospect of additional liquidity while earning staking rewards over the desire to take immediate profits and run. Dexterity Capital managing partner Michael Safai shared his crypto markets analysis. Plus, Blockchain Association director of government relations Ron Hammond weighed in on the state of crypto regulation ahead of SEC chair Gary Gensler’s testimony before lawmakers next week. And TurboTax tax expert Lisa Greene-Lewis shared tips on what crypto investors need to know ahead of Tax Day. Source

Avalanche Surges to 6-Month High in Daily Active Addresses

According to blockchain data firm Artemis.xyz, Avalanche’s daily active addresses hit nearly 80,000 on April 12. Its daily active user base grew 85% in the past 90 days, making it one of fastest growing protocols, ahead of BNB Chain, Tron, Ethereum, Aptos and Bitcoin. Only four protocols grew faster, per Artemis: StarkNet, Arbitrum, Stacks and Canto. Source