Tag: High

Bitcoin BTC Price Rockets Past $24.7K to Hit 6-Month High

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Ether enjoyed an almost equally upbeat day, blasting past $1,700 before settling slightly below this threshold. The second largest crypto in market value was recently up more than 9%. Other major turned bright green over the course of the day with YGG, the token of play-to-earn gaming guild Yield Guild Games, and NEAR, the native crypto of smart contracts platform Near Protocol, each recently rising well over 11%. The CoinDesk Market Index (CMI) a measure of the wider digital asset market’s performance, was recently up 10%. Original

Bitcoin Soars Past $23.7K to Reach 13-Day High

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Bitcoin price eyes $23K despite US dollar strength hitting 6-week high

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Bitcoin (BTC) hit its highest in almost a week on Feb. 15 as “extremely positive” economic data boosted risk asset sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price aims for $23,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 2.2% on the day to eye a reclaim of $23,000. Analysts were already predicting volatility, with the latest economic numbers from the United States delivering a pleasant surprise. Retail sales and the Empire State Manufacturing Index both surpassed market expectations, showing a more resilient economy despite restrictive policy…

Bitcoin average block size hits all-time high

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Bitcoin’s average block size has hit all-time highs above 2.5MB for the first time since its inception in 2009, driven by the launch of nonfungible tokens (NFTs) protocol Ordinals in January 2023. Block size data from Blockchain.com reflects a jump in Bitcoin block size from the beginning of February 2023, increasing over 2MB in the weeks following the launch of the Ordinals Protocol. The average block size over the past 24 hours in megabytes: Source: Blockchain.com As Cointelegraph previously reported, participants from the Bitcoin mining ecosystem have already made over…

US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles – Bitcoin News

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A new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims in the United States. The research also shows that the majority of lawsuits came from the U.S. Securities and Exchange Commission (SEC). Rise in U.S. Crypto Lawsuits Tracked Since 2018: Report Similar to the price cycles experienced by cryptocurrencies, there are fluctuations in the number of U.S. crypto-related lawsuits filed each year, according to new…

Bitcoin Network Experiences Slight Dip in Difficulty After Record High – Mining Bitcoin News

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Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network recorded a 14.94% increase in the last month. Bitcoin Difficulty Drops 0.49% Lower; Top Five Mining Pools Continue to Command Majority of Global Hashrate At the time of writing, Bitcoin’s hashrate is coasting along at 289.14 exahash per second (EH/s) after a 0.49% decrease in difficulty at block height 776,160. The network difficulty…

MATIC Moves to 10-Month High, ATOM Extends Recent Gains – Market Updates Bitcoin News

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Polygon rose to its strongest point since last April, as prices rose by as much as 6% on Feb. 8. The token surged for a second straight session, after snapping a three-day losing streak on Tuesday. Cosmos also surged higher in today’s session, as it moved closer to recent highs. Polygon (MATIC) Polygon (MATIC) extended a recent rally on Wednesday, with prices jumping to a ten-month high. Following a low of $1.22 on Tuesday, MATIC/USD raced to an intraday high of $1.31 in today’s session. Today’s move saw MATIC/USD climb…