Tag: High

ADA Surges to 7-Month High, as XRP Extends Recent Gains  – Market Updates Bitcoin News

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Cardano rose to its highest level in seven-months on April 14, as cryptocurrency markets remained bullish. The global crypto market cap rose by as much as 2.25% on Friday, with bitcoin moving above $31,000. Xrp was another notable gainer, as the token hit a two-week high. Cardano (ADA) Cardano (ADA) rose for an eighth straight session on Friday, with today’s gains sending the token to a seven-month high. ADA/USD raced to an intraday peak of $0.4441 earlier in today’s session, after trading at a low of $0.4115 on Thursday. Friday’s…

BTC Nears $31,000, as ETH Hits 11-Month High – Market Updates Bitcoin News

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Bitcoin moved towards the $31,000 mark on Friday, ahead of upcoming retail sales data from the United States. Sales are expected to remain flat, whilst overall consumer sentiment is forecasted to rise to 62.7, from a reading of 62.0. Ethereum extended recent gains, hitting an eleven-month high in the process. Bitcoin Bitcoin (BTC) was once again in the green on Friday, as traders pushed the price close to the $31,000 mark. BTC/USD raced to a peak of $30,848.46 earlier in today’s session, a day after trading at a low of…

Ether’s Post-Shanghai Rally Knocks Bitcoin Dominance From 21-Month High

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The BTC dominance rate is the BTC market capitalization’s share of the total market cap of the cryptocurrency market. The metric is important to assess the relative strength of BTC, the largest cryptocurrency by market value, compared to the broader crypto market, or identify periods when altcoins outperform, also known as an altcoin season. Ether dominance, similarly shows the second largest cryptocurrency’s relative value to the crypto market. Original

3 signs Arbitrum price is poised for a new record high in Q2

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Arbitrum (ARB) has emerged as one of the best-performing cryptocurrencies after Ethereum’s long-awaited Shanghai upgrade. Notably, ARB price gained 4.28% to $1.36 on April 13, its highest level in two weeks. This also amounts to 18% gains from its $1.15 low a day ago when the Shanghai upgrade enabled staking withdrawals on Ethereum. ARB/USDT daily price chart. Source: TradingView To recap, Arbitrum is an Ethereum layer-2 (L2) scaling solution that aims to reduce network transaction congestion and transaction fees. As a result, the market typically perceives Ethereum’s growth as a boon…

DOGE Snaps Losing Streak as SOL Hits Fresh 6-Week High – Market Updates Bitcoin News

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Dogecoin snapped a two-day losing streak on Thursday, as sentiment in crypto markets remained bullish. The meme coin moved to a one-week high, moving away from a key price floor in the process. Solana rose for a fifth straight session. Dogecoin (DOGE) Dogecoin (DOGE) ended a two-day losing streak in today’s session, as prices rose by over 5% on Thursday. Following a low of $0.0821 on Wednesday, DOGE/USD raced to a peak of $0.08838 earlier in today’s session. As a result of the move, the meme coin continued to to…

High Hopes for EU’s MiCA Law With Final Vote Imminent

“A crypto asset service provider, a CASP, will be a brand in the European Union… a kind of stamp of approval of the sector,” Rok Žvelc, a European Commission staffer who formed part of MiCA’s drafting team, told a Brussels event on March 30. “Investors will know that if they turn to CASPS, they will have all the protections that MiCA provides.” Original Source EUsFinalHighHopesImminentLawMiCAVote CryptoX Portal

SOL Hits 6-Week High, Following US Inflation Data – Market Updates Bitcoin News

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Solana moved to a six-week high on Wednesday, as markets reacted to the latest inflation figures from the United States. The consumer price index (CPI) fell to 5% in March, lower than the 5.2% sum many had expected. Ethereum classic also moved higher, nearing a multi-week high. Solana (SOL) Solana (SOL) extended yesterday’s 15% gain on Wednesday, as the token rose for a fourth straight session. SOL/USD raced to an intraday high of $24.34 earlier in today’s session, which comes a day after the price was at a low of…

Bitcoin price rivals 10-month high as CPI data beats expectations

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Bitcoin (BTC) spiked higher prior to the April 12 Wall Street open as United States inflation data outperformed market forecasts. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView CPI offers “great inflation print” for risk-on bulls Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it neared new ten-month highs on Bitstamp. Widely-predicted volatility entered immediately following the release of Consumer Price Index (CPI) data for March. This broadly conformed to expectations, with the year-on-year increase undercutting assumptions by 0.2%. “The all items index increased 5.0 percent for the 12…

Google Trends Data Shows Bitcoin Search Interest Surged This Week Amid 10-Month Price High – Bitcoin News

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According to worldwide data from Google Trends, the search term “bitcoin” has reached a score of 93 out of 100 in the last seven days. Additionally, the price of bitcoin rose above the $30,000 range for the first time in ten months, or since June 2022. Bitcoin Search Interest Rises as Leading Crypto Asset Taps $30K On Tuesday, April 11, 2023, bitcoin’s price rose above the $30,000 mark for the first time since June 8, 2022. According to statistics from coinmarketcap.com, BTC’s dominance is currently over 47%, the highest it’s…

SOL 15% Higher, as LTC Hits 5-Week High – Market Updates Bitcoin News

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Solana was up by as much as 15% on Tuesday, as momentum in cryptocurrency markets shifted higher. The global crypto market cap is up by 4.42% at the time of writing. Litecoin was another notable mover, as the token rose to a five-week high. Solana (SOL) Solana (SOL) rose by as much as 15% in today’s session, as bullish sentiment returned to cryptocurrency markets. Following a low of $20.18 to start the week, SOL/USD rose to a peak of $23.20 on Tuesday. As a result of today’s move, solana rose…