Tag: High

Key Sharks And Whales Group Hits All-Time High Holdings

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On-chain data shows a key XRP sharks and whales group has been accumulating recently, a sign that could be positive for the asset’s price. XRP Whales And Sharks With 1M-10M Tokens Now Hold All-Time High Supply As per data from the analytics firm Santiment, 7.23% of the total XRP supply is now held by this key investor group. The relevant indicator here is the “Supply Distribution,” which tells us how the total supply is distributed across the different wallet groups in the market right now. These “wallet groups” are bands…

LTC Snaps Extended Bear Run, as LINK Hits 4-Day High – Market Updates Bitcoin News

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Litecoin snapped a recent bear run on Tuesday, as cryptocurrency prices moved marginally higher. The token was up by nearly 3% in today’s session, ending a six-day losing streak in the process. Chainlink was also in the green, as it rebounded from a key support point. Litecoin (LTC) Litecoin (LTC) snapped a six-day losing streak on Tuesday, as prices rose by as much as 3%. LTC/USD moved away from a one-month low of $61.00, hitting a high of $65.60 earlier in today’s session. The move came as bullish pressure intensified…

Bitcoin Reaches Range High, but Can Its Recovery Continue? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin climbed to above $18,000 yesterday, reaching resistance at the local range high around $18,170, before rejecting back down to $17,600. Markets were volatile yesterday as always when an FOMC meeting occurs, where the Federal Reserve released the decision of the next U.S. rate hike. The Federal Reserve raised rates by 50 basis points, as expected, but less than the previous consecutive 75 basis point rate hikes. The FOMC decided to slow the pace of rate hikes following CPI…

BTC Falls From 5-Week High as Traders Continue to Digest Fed Decision – Market Updates Bitcoin News

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Bitcoin fell from a five-week high on Thursday, as markets continued to react to the latest Federal Reserve interest rate decision. The U.S. Fed moved to increase interest rates by 50 basis points as expected, whilst also laying the ground for a slower pace of hikes in coming months. Ethereum also retreated from recent highs, falling below $1,300 earlier today. Bitcoin Bitcoin (BTC) was once again trading below $18,000, as bears reentered the market following the latest Fed meeting. Following a move to a five-week high of $18,318.53 on Wednesday,…

SOL Hits 3-Week High, as ADA Consolidates Ahead of FOMC Meeting – Bitcoin News

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Solana surged to a three-week high ahead of this afternoon’s Federal Open Market Committee meeting (FOMC). The token rose for a second consecutive day, hitting a key price ceiling in the process. Cardano mainly consolidated on Wednesday, as prices fell from a recent high. Solana (SOL) Solana (SOL) was a notable gainer on Wednesday, as prices surged to a three-week high. Following a low of $13.61 on Tuesday, SOL/USD raced to an intraday high of $14.68 earlier in today’s session. As a result, solana moved to its strongest point since…

Bitcoin traders await FOMC, Powell as BTC price hits new 1-month high

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Bitcoin (BTC) set new one-month highs on the Dec. 14 Wall Street open on a day full of key events for the United States Federal Reserve. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin bullish with stocks into FOMC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $18,126 on Bitstamp, beating the $18,106 high from the day prior. U.S. stocks edged higher as markets eagerly awaited feedback from the Fed after the November Consumer Price Index print showed inflation slowing beyond expectations. Dec. 14 was set to see…

UK Inflation Drops from 41-year High but Food & Energy Prices Continue to Soar

The latest UK inflation report showed a fall from 11.1% to 10.7%, lower than the 10.9% analysts were expecting.  UK inflation recently dropped from its 41-year high on cooling fuel prices, although high food and energy prices continue to bedevil consumers. UK inflation came in at 10.7% last month, slightly below the polled analysts’ 10.9% consumer price index (CPI) projection. In October, inflation in the country hit an 11.1% record high, but the latest November entry represents a 0.4% dropdown. Closer Look into Latest UK Inflation Data According to the…

Is DeFi back? GMX rallies toward all-time high and LOOKS price gains 30%

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In a recent blog post, cryptocurrency legend and former BitMEX CEO Arthur Hayes mentioned he holds sizable bags of GMX and LOOKS tokens. According to Hayes, his main reasoning for investing in both tokens was their platform revenue and the potential of both assets to outperform standard treasury bills.  Let’s take a brief look at on-chain data and compare GMX and LOOKS to competitors to determine whether Arthur’s assumption will work out.  GMX usage cooling after a strong November The week prior to Nov. 16 provided decentralized Finance (DeFi) with…

AVAX Hits 1-Week High, as LTC Also Climbs Following US Inflation Data – Market Updates Bitcoin News

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Avalanche rose to a one-week high on Tuesday, as markets reacted to the latest inflation report in the United States. Consumer prices rose to 7.1% in November, which was lower than the 7.3% markets had expected. The figure was also 0.6% lower than October’s reading of 7.7%. Litecoin also rebounded on the data, rising by over 6%. Avalanche (AVAX) Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures. November’s consumer price index (CPI) came in at 7.1%, which was lower than…