Tag: High

Bitcoin hits new post-FTX high as analysis warns move ‘choreographed’

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Bitcoin (BTC) hit new two-month highs overnight into Jan. 19 as suspicions over the market’s validity gained momentum. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Concern over BTC liquidity “exploit” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it consolidated above $21,000 after hitting $21,455 on Bitstamp. That marked the pair’s highest point yet in 2023, the latest accomplishment in a bullish recovery unchallenged since the FTX debacle. Amid widespread mistrust of the move, however, fresh warnings arose as Bitcoin continued to defy predictions of a major retracement.…

Ethereum Hits Monthly High And Turns Deflationary Again

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The Ethereum price rally is on an upward trajectory since the last fortnight. Performing a little over Bitcoin’s growth, Ethereum gained 30%. On the morning of 16th January, Ethereum woke up to exciting news as Ethereum is riding high on the $1600 market price.  This comes after several contributory factors play a role in the price increase. From the accumulation of assets, particularly by Shark Addresses, it crossed above $1400 for the first time since 7th November on 12th January.  Shark Addresses are also the highest in this period, with…

Ethereum (ETH) Price Surges to Ten-Week High as Inflation Reduces

Many other notable digital currencies are currently seeing massive gains, bringing the crypto market a remarkable 1.7% increase on the day to surpass the $1 trillion mark. Ethereum (ETH) price has surged to its highest level since November 8 as demand for the network also continues to build up. This follows after ETH consolidated its weekend gains, climbing over 3% in the last 24 hours. According to CoinMarketCap data, ETH hit the $1,579 mark in the early hours of Monday, but has now slightly re-traced its steps and was seen…

Bitcoin Network’s Mining Difficulty Rises to All-Time High, Making Block Discovery More Challenging – Mining Bitcoin News

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Bitcoin’s mining difficulty printed a record increase on Jan. 15, 2023, rising 10.26% to 37.73 trillion at block height 772,128. The network’s difficulty is now at an all-time high. This means, on average, it takes 37.73 trillion hashes, or attempts, to find a valid bitcoin block reward and add it to the blockchain. 2023’s First Difficulty Increase Outpaces All but One of the Difficulty Increases in 2022 As of 8:15 p.m. Eastern time on Sunday, Jan. 15, 2023, approximately 286.36 exahash per second (EH/s) of hashrate is dedicated to the…

Bitcoin Funding Rates Hit 14-Month High

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The crypto market has started the year 2023 with a remarkable, bullish run. Over the last few days, several assets have recorded significant profits and are starting to pull through the crypto winter. Most notably, Bitcoin, the market leader and the world’s biggest digital asset, has been one of the top-performing coins this year. In the last seven days, BTC gained by more than 17%, allowing the coin to surpass the $20,000 price mark for the first time since the start of the FTX crisis. Bitcoin’s impressive price rally has…

SHIB Hits 6-Week High, Whilst SOL Extends Recent Gains – Market Updates Bitcoin News

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Solana surged by as much as 30% on Saturday, setting a fresh multi-month high in the process. The move comes as cryptocurrency markets were significantly bullish to start the weekend, with the global market cap 8.28% higher as of writing. Shiba inu was trading at its strongest point since November. Solana (SOL) Solana (SOL) was easily one of the biggest movers to start the weekend, with prices skyrocketing by as much as 30%. Following a low of $16.52 yesterday, SOL/USD surged to an intraday high of $22.37 earlier today. As…

BTC Above $21,000 as ETH Hits Fresh 2-month High – Market Updates Bitcoin News

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Bitcoin surged to a fresh two-month high on Jan. 14, as crypto markets were significantly higher on Saturday. The world’s largest cryptocurrency jumped above $21,000, as prices rallied for a sixth straight day. Ethereum traded above $1,500 to start the weekend, also hitting its strongest point since November. Bitcoin Bitcoin (BTC) rose for a sixth straight session to start the weekend, as prices moved above the $21,000 level. BTC/USD climbed to a peak of $21,054.38 earlier in today’s session, which comes after prices were at a bottom of $18,793.66 on…

SHIB Hits 6-Week High, ETC Extends Recent Gains – Market Updates Bitcoin News

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Shiba inu was one of Friday’s biggest gainers, as the meme coin raced to a six-week high. The move came as the global cryptocurrency market cap surged, as U.S. inflationary pressures continued to cool off. Ethereum classic was also in the green, with price hitting a two-month high. Shiba Inu (SHIB) Shiba inu (SHIB) was one of Friday’s notable movers, as the meme coin moved to a six-week high. Following a low of $0.000009227 on Thursday, SHIB/USD raced to an intraday peak of $0.000009711 earlier in today’s session. As a…

Bitcoin price wants to retest 2017 all-time high near $20K — analysis

Bitcoin (BTC) stayed near $19,000 at the Jan. 13 Wall Street open as traders hoped a week of swift gains would stick. BTC/USD 1-da candle chart (Bitstamp). Source: TradingView BTC price “breakout or fakeout remains to be seen” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD crisscrossing the $19,000 mark as United States equities began trading. The pair rapidly took out sellside liquidity overnight, gapping higher to what on-chain analytics resource Material Indicators forecast could be a retest of the $20,000 mark. “Seems like BTC is setting up for…

BTC Hits 2-Month High, Climbing Above $19,000 – Market Updates Bitcoin News

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Bitcoin continued to trade higher on Jan. 13, with prices racing above the $19,000 level, hitting a two-month peak in the process. The latest surge comes as traders continued to react to Wednesday’s U.S. inflation report, which dropped to 6.5%. Ethereum also rose today, hitting a fresh multi-month high. Bitcoin Bitcoin (BTC) rallied to a two-month high earlier in today’s session, as prices climbed above the $19,000 mark. Following a low of $17,995.20 on Thursday, BTC/USD moved to a peak of $19,031.80 earlier in the day. As a result of…