Tag: High

Bitcoin analyst reveals new key levels as Ethereum price nears 3-week high

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Bitcoin (BTC) continued to work on cracking the $17,000 mark on Jan. 4 as an “extremely tight” trading zone held firm. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $17,000 “possible” thanks to CPI print Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $16,906 on Bitstamp, up $300 from the previous day’s low. The largest cryptocurrency had benefited from a positive start to the year on Wall Street, this giving a broader boost to previously sideways crypto assets. “Bitcoin trading with legacy markets yesterday,” Filbfilb, co-founder of trading suite…

SOL Surges 8%, as ATOM Nears 1-Month High – Market Updates Bitcoin News

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Solana was up by almost 8% on Tuesday, as the token rose for a fifth consecutive session. Recent moves have come despite the Christmas and New Year period, where market volumes were somewhat muted. Cosmos was also in the green, as prices rose to a multi-week high. Solana (SOL) Solana (SOL) was one of the notable gainers on Tuesday, as the token climbed by as much as 8% in the day. Following a low of $11.05 on Monday, SOL/USD surged to an intraday peak of $12.02 during today’s session. The…

Gold Price Climbs to Six-Month High as Analysts Anticipate Further Growth in 2023

Gold price is on a steady rise, and analysts opine it could further benefit from a string of 2023 fiscal policies.  The price of gold has surged to a six-month high, even as analysts predict it will rise further as 2023 begins. In the early hours of Tuesday, spot gold peaked just shy of $1,850 per troy ounce. However, the precious metal eventually eased off to trade at $1,834 per ounce late morning in Europe. Meanwhile, US gold futures were trading up 0.72% at $1,839.40 by 6 am Eastern Time. Gold…

After an uncertain year, DeFi has high hopes for 2023

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Decentralized finance (DeFi) is defined as any product or service offered by the Web3 world that helps users conduct financial activities such as payments, borrowing, lending, investing, trading and staking.  Several Web3 use cases, including DeFi, GameFi, SocialFi and nonfungible tokens (NFTs), emerged through the last bullish cycle. DeFi has been the largest market cap activity within Web3, with a peak total value locked (TVL) of over $175 billion at the peak of the 2021 bull market. DeFi: The primary use case for blockchain? Things have not been the same…

Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia – Mining Bitcoin News

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Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase in residential areas as well, after regional authorities abandoned a proposal to introduce higher tariffs for Russians minting digital coins at their homes. Authorities in Russia Think New Energy Infrastructure, Generation Capacities in Crypto Mining Regions Russian Minister of Energy Nikolay Shulginov has recognized the increased demand for electricity from cryptocurrency miners in some parts of Siberia where the industry…

Shark And Whale Addresses Hit 2-Year High

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On-chain data shows the combined Litecoin address count of sharks and whales is now at a 2-year high, a signal that could be bullish for the asset’s value. Litecoin Addresses Holding More Than 1,000 LTC Now At Highest Level Since 2020 As per data from the on-chain analytics firm Santiment, LTC has been climbing strongly since the population of these large addresses began to rise. The relevant indicator here is the “Litecoin Supply Distribution,” which tells us how many addresses (or holders) belong to each wallet group in the market…

LTC Climbs to 10-Day High on Monday – Market Updates Bitcoin News

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Litecoin raced to a ten-day high to start the week, as markets returned from the Christmas holiday weekend. The token extended recent gains to start the week, and neared a key resistance point in the process. Xrp was also higher, as it also collided with a price ceiling. Litecoin (LTC) Litecoin (LTC) was one of the notable gainers on Monday, as the token raced to a ten-day high. LTC/USD rose to a high of $70.83 to start the week, which comes less than a day after hitting a low of…

Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High – Mining Bitcoin News

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As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining rewards. Statistics indicate that the mining pool Foundry USA discovered the most block rewards this year, as the operation found 11,779 bitcoin blocks out of the 53,240 rewards mined during the last 365 days. More Than 53K Bitcoin Block Rewards Discovered in 2022, Top Five Mining Pools Mined a Total of 39,545 Blocks On Thursday,…

DOGE Rebounds on Thursday, LTC Nears 1-Week High – Market Updates Bitcoin News

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Dogecoin rebounded from Wednesday’s decline, as the meme coin moved away from a key support level. Prices have been hovering close to a two-month low in recent days, with today’s surge bringing optimism to remaining bulls. Litecoin was also higher, as the token remained close to a one-week high. Dogecoin (DOGE) Dogecoin (DOGE) was in the green on Thursday, as the meme coin rebounded from recent lows. Following a low of $0.07283 on Wednesday, DOGE/USD raced to an intraday peak of $0.07736 earlier in today’s session. The move comes as…

The CFP Board’s Latest Report on Crypto Sets High Standards for Advisors

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