Este artículo también está disponible en español. SUI has lately attracted a lot of interest and peaked in its development. It finished the week at its all-time high price of $2.30 and ranked higher than top altcoins such as Polkadot (DOT), therefore ranking itself among the top 15 cryptocurrencies. Among those who support SUI, this achievement has inspired hope since they believe it will become a major competitor in the market. Related Reading DeFi noted SUI’s price surge and $1 billion Total Value Locked (TVL). The coin ranks higher than…
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Bitcoin Price (BTC) Rises to $68K, Crypto Dominance Hits Cycle High
A closer look at the ETH/BTC ratio from its cycle bottom in June 2022 shows a continuing series of weaker lows. In previous cycles, such as the 2016-2019 and 2019-2022 periods, the ETH/BTC ratio was at least 200% higher from the cycle low at this point. However, the current ratio is 25% beneath its June 2022 cycle low, highlighting ether’s underperformance against bitcoin. Source
Open Interest on CME Bitcoin Futures Hits All-Time High of $11.6B, Signals Further Bullishness
Then, in October 2023, CME saw the addition of 25,115 BTC, which coincided with CME becoming the largest futures exchange for the first time, overtaking Binance. Once again, in this period, from October to year-end bitcoin rose from approximately $25,000 to over $40,000. Source
Standard Chartered Eyes New High Of $73,800 Pre-US Election
Este artículo también está disponible en español. Bitcoin has recently shown significant momentum, reaching its highest level since July, briefly touching $67,900 and recovering 7%. This surge follows a dip to $58,900 at the end of last week, further fueling bullish sentiment among investors optimistic about the cryptocurrency’s potential to reach new heights before the end of the year. However, according to research from multinational bank Standard Chartered, this optimistic outlook may be realized even sooner than expected. Key Factors Behind BTC’s Price Surge Geoff Kendrick, the head of digital…
Bitcoin crosses $67k to hit 2-month high
itcoin rallied to just shy of $68,000 on Oct. 15 as spot BTC exchange-traded funds attracted the most single-day capital inflows in over four months. Bitcoin (BTC) notched a two-month high with its leap above $67,000, marking its highest price point since late July. Data from crypto.news price pages confirmed that BTC surged to $67,800 before retracing below $66,000 at press time. The sudden price hike pushed crypto liquidations beyond $300 million in the last 24 hours. According to Coinglass, most of these positions were short-BTC or traders expecting much…
Bitcoin Begins the Week on a High, Jumps Above $64K
Crypto majors moved higher Monday while memecoins led weekend action. PLUS: China stimulus announcements fell short of expectations, but traders’ hopes remain high. Original
Is Bitcoin Price Primed For New Record High? Analyst Provides Update On $78,000 Prediction
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…
Peter Brandt Warns of Potential 75% Bitcoin Decline if All-Time High Stays Out of Reach
Peter Brandt, a well-known trader and chartist, has warned bitcoin investors about troubling market patterns. He highlighted that BTC has gone 30 weeks without a new all-time high, historically leading to severe declines of up to 75%. While Brandt remains optimistic, forecasting a bitcoin price of $135,000 by late 2025, he cautions that a close […] Original
Mantra retests all-time high amid OM airdrop hype and mainnet launch anticipation
Mantra (OM), a blockchain network focused on real-world asset tokenization, retested its all-time high on Oct. 10, surging 9.2% to reach $1.46. The altcoin’s market capitalization crossed $1.2 billion, with daily trading volumes around $56 million, predominantly concentrated on Binance and XT.COM. In the past 30 days, Mantra (OM) has risen 42%, outperforming key RWA tokens such as Ondo (ONDO) and Pendle (PENDLE). When writing it was up over 2400% since the start of 2024. OM’s price action has aligned with a rebound in its futures open interest, which has…
MicroStrategy (MSTR) Surges to 6-Month High as Bitcoin (BTC) Price Wrestles With Key Moving Average
Still, Monday’s price action meant that BTC briefly reclaimed the 200-day moving average, which currently sits at $63,575 per TradingView data, but ultimately failed to hold above it. Moving and holding past that key level would reaffirm bitcoin’s uptrend since the lows of around $52,000 hit in the first week in September. Original