Tag: High

AVAX Hits Multi-Month Peak, as MATIC Jumps to 1-Week High – Market Updates Bitcoin News

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Avalanche moved to a multi-month high on Jan. 24, after reports that the number of bitcoin on its network rose to 5,493. The news saw the token surge by nearly 5% today, rising for a third straight session in the process. Polygon also moved higher on Tuesday, hitting a one-week high. Avalanche (AVAX) Avalanche (AVAX) rose to a multi-month high on Tuesday, as prices rallied for a third consecutive session against a backdrop of bullish news. Following a low of $17.43 to start the week, AVAX/USD moved to an intraday…

XRP Jumps to 3-Month High as Crypto Markets Consolidate on Monday  – Market Updates Bitcoin News

Xrp moved to a multi-month high on Jan. 23, as market optimism grew regarding a lawsuit between Ripple and the United States Securities and Exchange Commission (SEC). Following comments last week from Ripple CEO Brad Garlinghouse, many have bought the token in anticipation of the lawsuit ending in the coming months. Dogecoin was another notable gainer on Monday. XRP, formerly ripple, was one of Monday’s notable gainers, as the token rose to a three-month high in today’s session. XRP/USD hit an intraday high of $0.431 to start the week, coming…

Latin American Stablecoin Adoption Expected to Grow Amid High Inflation

“In Latin America, the countries with the highest levels of inflation are the ones that run the fastest towards cryptocurrencies,” said ​ Mauricio Di Bartolomeo, co-founder of Ledn, a Canada-based lending platform with more than 125,000 users, half of whom are based in Latin American countries. “In 2023 stablecoin adoption will hike because inflation is going to be much higher amid macroeconomic turbulence,” he added. Source

BTC Moves to 5-Month High, as ETH Nears $1,700 – Market Updates Bitcoin News

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Bitcoin surged to a five-month high to start the weekend, as bullish sentiment returned to cryptocurrency markets. Prices of the world’s largest digital currency rose above $23,000, rebounding from a recent drop towards $20,000. Ethereum also rallied, as it hit its strongest point since September. Bitcoin Bitcoin (BTC) raced past the $23,000 level to start the weekend, with prices climbing to a multi-month high. Following a low of $20,961.21 on Friday, BTC/USD climbed to an intraday peak of $23,249.89 earlier today. Today’s rally saw bitcoin jump to its highest level…

Dead cat bounce? Bitcoin price nears $23,000 in fresh 5-month high

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Bitcoin (BTC) took a swing at $23,000 into Jan. 21 as Asia buyers drove fresh market strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bid liquidity causes suspicion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD battling bears to reach $22,790 on Bitstamp overnight — its highest since August. With new multi-month peaks coming in quick succession despite fears of a major correction, Bitcoin continued to surprise as traders cleared the way for more upside. As noted by intraday trader Skew, Asia was leading the way into the weekend,…

Bitcoin Soars Over $22K to Reach Four-Month High

The largest cryptocurrency by market capitalization was recently trading as high as $22,387, up 5.4% over the previous 24 hours, shrugging off the announcement late Thursday that Genesis Global Holdco LLC, the parent company of troubled cryptocurrency lender Genesis Global Capital, had filed for Chapter 11 bankruptcy protection late Thursday (Genesis and CoinDesk are owned by Digital Currency Group). Original Source 22KBitcoinFourMonthHighReachSoars CryptoX Portal

Bitcoin Hash Rate at Near All-Time High

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The Bitcoin hash rate is trending at near all-time highs, per on-chain data on January 20, 2023. Bitcoin Hash Rate at 274 EH/s According to streams from BitInfoCharts, the Bitcoin network currently has a hash rate of 274 EH/s, up by almost one percent in the past 24 hours. Even at this pace, the hash rate is down from January 16 highs of 302 EH/s. Bitcoin Hash Rate | Source: bitinfocharts.com Hash rate is the measure of computing power dedicated to BTC mining. As a proof-of-work platform, the Bitcoin network depends on…

SHIB Surges to Fresh 2-Month High on Wednesday – Market Updates Bitcoin News

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Shiba inu surged to a multi-month high on Wednesday, as the meme coin collided with a key price ceiling. Prices rose by as much as 17% in today’s session, as the global cryptocurrency market cap also trended higher. Polkadot was once again in the green, with the token hovering close to a two-month high of its own. Shiba Inu (SHIB) Shiba inu (SHIB) rallied on Wednesday, as the meme coin surged to a two-month high, following declines on Tuesday. Following a low of $0.00001053, SHIB/USD raced to an intraday peak…

Bitcoin sees new 4-month high as US PPI, retail data posts ‘big misses’

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Bitcoin (BTC) set yet another multi-month high before the Jan. 18 Wall Street open as United States macroeconomic data fell far wide of expectations. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView U.S. PPI numbers fall wide of the mark Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $21,646 on Bitstamp. A subsequent correction saw the pair moving around $21,400 at the time of writing, with U.S. stocks reacting to surprise data surrounding economic activity in December. Specifically, the Producer Price Index (PPI) showed cost rises cooling faster…