Tag: High

BTC Climbs Back Above $17K, Hitting 3-Week High – Market Updates Bitcoin News

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Bitcoin rose to a three-week high on Jan. 9, as prices surged beyond the $17,000 mark to start the week. The move comes days ahead of the upcoming U.S. inflation figures, and as traders continue to react to Friday’s nonfarm payrolls (NFP). Ethereum was also higher, rising to a multi-week high in the process. Bitcoin Bitcoin (BTC) moved above the $17,000 level to start the week, as markets shifted their focus to this week’s U.S. inflation report. Following a low of $16,928.18 on Sunday, BTC/USD surged to a peak of…

Cardano (ADA) Up Nearly 20%, Aiming For A Higher High?

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After weeks of stagnancy and falling to new lows, the crypto market has been in a bullish trend in the past few days. Alongside it is Cardano (ADA) following suit in the same direction of the upward movement.  ADA has spiked by over 15% in the last 24 hours, following the coin’s recent cheerful news, including the DeFi TVL tapping a two-month high and the co-founder Charles Hokingson announcing an upcoming launch of a hospital that will accept ADA as a payment method in February.  Cardano (ADA) Rally In The…

Bitcoin Hashrate Reaches All-Time High, Boost Could Lead to Record-Setting Difficulty Increase – Mining Bitcoin News

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During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% higher than the previous record of 347.16 EH/s recorded on Nov. 12, 2022. Network’s Hashpower Surges to New Heights, Difficulty Change Anticipated in Eight Days Bitcoin’s computational power is running hot during the first week of the new year as it broke its first record in 2023. According to…

ETC Surges 14% to Hit 6-Week High on Saturday – Market Updates Bitcoin News

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Ethereum classic was one of the biggest movers to start the weekend, as prices surged to a six-week high. The move saw the token climb by as much as 12%, breaking out of a key resistance level in the process. Polygon also moved higher, as it raced towards a recent price ceiling. Ethereum Classic (ETC) Ethereum classic (ETC) rose to a six-week high on Saturday, as prices rallied by as much as 14%. Following a low of $17.94 on Friday, ETC/USD raced to a peak of $20.68 earlier in today’s…

Bitcoin price nears 3-week high as trader says sub-7% CPI may see $19K

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Bitcoin (BTC) traded nearer $17,000 on Jan. 7 after the end of the year’s first trading week delivered a spike higher. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView All eyes on CPI Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it briefly passed the $17,000 mark the day prior. The pair had seen flash volatility on the back of fresh economic data from the United States, this nonetheless fading to leave the key level “unflipped” as resistance. Nonetheless, the brief uptick delivered Bitcoin’s highest price point since Dec.…

XMR Hits 2-Month High, ADA Extends Recent Gains – Market Updates Bitcoin News

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Monero slipped from an earlier two-month high, as December U.S. nonfarm payrolls (NFP) showed signs of a slowing labor market. Figures released today showed that the NFP fell to 223,000, down from a reading of 263,000 the month prior. Cardano was mostly higher, as it rose to a multi-week high. Monero (XMR) Monero (XMR) surged to a two-month high of $158.11 earlier in today’s session, which came prior to the release of December’s U.S. nonfarm payrolls report. However, following the report, which showed that 223,000 jobs were added to the…

Microsoft Official Has High Hopes for Metaverse

Microsoft association with Metaverse firm Touchcast has resulted in data manufacture of the Fiat model, which according to Bzeih, is a “natural progression”. American multinational technological corporation Microsoft (MSFT) has high hopes for the metaverse in the future. In a talk recently, Microsoft Chief Strategy Officer Henry Bzeih claimed that the world would inch towards a more profound virtual arena, with a hybrid prototype being the next big thing for customers and corporate relationships. According to Bzeih, the discussion on the client experience and feedback will have to include the…

Bonk token goes bonkers as traders chase after high yields in the Solana ecosystem

Bonk, a meme token modeled after Shiba Inu (SHIB) that launched on Dec. 25, 2022, and some traders believe the token’s trading volume is potentially driving Solana (SOL) price up. Over the past 48-hours, SOL price has gained to 34% and Bonk is up 117% in the past 24-hours according to data from CoinMarketCap. While the wider crypto market remains suppressed, traders are hoping that Bonk could present new opportunities during the downturn.  According to the project’s website, Bonk is the first dog token on the Solana blockchain. Initially, 50%…

ETH Hits 3-Week High Ahead of FOMC Minutes – Market Updates Bitcoin News

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Ethereum rose to a three-week high on Jan. 4, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes. Wednesday’s report will likely show the U.S. Federal Reserve’s view on the economy, and further detail its reasoning behind a policy pivot. Bitcoin was also higher, rising to an eight-day high. Bitcoin Bitcoin (BTC) rose to an eight-day high on Wednesday, as cryptocurrency markets climbed ahead of the latest FOMC minutes release. Following a low of $16,622.37 on Tuesday, BTC/USD raced to an intraday high of…

Ripple CEO Holds High Hopes for Crypto Regulatory Clarity in US in 2023

Brad Garlinghouse believes it is a good thing that the US would not be starting from scratch in its pursuit of regulatory clarity. Ripple CEO Brad Garlinghouse has said he is fairly optimistic about the United States crypto industry gaining regulatory clarity this year. He shared his thoughts via a series of Twitter posts on the first day of the 118th Congress. Ripple CEO Says Current Bills Give Hope In his commentaries, Garlinghouse noted that it is a good thing that the US would not be starting from scratch in…