Tag: High

High Inflation And Recession Fears Will Drive Bitcoin Adoption

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It’s safe to say CZ is bullish on bitcoin and crypto’s future. Changpeng Zhao visited CNBC’s Squawk on the Street and flipped the prevalent bearish narrative on its head. In less than 2 minutes. Most of the things CZ said are based on common sense and a basic understanding of market forces, but still, it’s calming to hear a leader of the industry saying them. Especially in this fear-ridden stage of the cycle we’re in. .@binance CEO @cz_binance: The macroeconomics situation will be high inflation, the talk about recession…all of…

Bitcoin bull run ‘getting interesting’ as BTC price hits 6-week high

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Bitcoin (BTC) delivered a swift six-week high into July 29 as the aftermath of the latest macro developments boosted risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Monthly close could seal 20% gains Data from Cointelegraph Markets Pro and TradingView captured local highs of $24,445 for BTC/USD on Bitstamp, its best since the week beginning June 13. After consolidating around $23,000, bulls got a second wind to propel the market higher on the back of the United States Federal Reserve’s latest rake hikes and GDP data confirming that the U.S.…

ETC Nears 10-Week High, as TRX Extends Recent Gains – Market Updates Bitcoin News

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Ethereum classic was approaching a ten-week high on Wednesday, as prices rose by over 14% in today’s session. These gains came as prices rose for a second consecutive day, with tron also extending recent gains during hump day. Overall, the crypto market cap is 1.51% higher as of writing. Ethereum Classic (ETC) Ethereum classic (ETC) was a notable mover in today’s session, as the token rose by almost 15% on Wednesday. Following a low of $23.72 on Tuesday, ETC/USD rallied to an intraday peak of $27.51 earlier in the day.…

NEAR Hits 6-Week High on Friday, NEO Extends Recent Gains – Market Updates Bitcoin News

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Near protocol was trading at its highest level since June 10 in today’s session, as prices of the token rose for a second straight day. Neo was also higher on Friday, with prices surging by over 15%, pushing the token to multi-week highs. Near Protocol (NEAR) Near protocol (NEAR) was one of the notable gainers on Friday, as prices of the token rose by as much as 10%. Following a low of $4.17 on Thursday, NEAR/USD rallied to an intraday peak of $4.75 earlier in today’s session. Friday’s rise saw…

Bitcoin wobbles on Wall Street open as Ethereum hits $1.6K in 6-week high

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Bitcoin (BTC) took a step back as Wall Street trading began on July 22 after recovering most of its previous losses. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC bulls fail to sustain assault on multi-week high Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD encountering fresh resistance near $24,000. The pair had spent the past 24 hours slowly clawing back lost ground after news that Tesla had sold most of its BTC holdings. With the pre-announcement high of $24,280 still in force, bulls saw something of a setback as…

XMR Moves to 5-Week High, Despite Crypto Selloff – Market Updates Bitcoin News

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Monero moved to its highest level in five weeks on Thursday, despite crypto markets mainly trading in red. The token rose to its highest level since June 13 after extending recent gains. On the other hand, dogecoin dropped lower today, despite Elon Musk announcing that Tesla hasn’t sold any of the meme coin. Monero (XMR) Monero (XMR) was a notable mover in today’s session, as the token rose for a fourth consecutive day. Today’s surge saw the token climb to an intraday high of $153.09, which is its highest point…

Coinbase stock has potential to double in 2022 after plunging 90% from record high

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Coinbase stock (COIN) price has nearly doubled since its June lows with a potential for much more upside this year, according to a mix of technical and fundamental indicators. COIN’s symmetrical triangle reversal COIN has been undergoing a strong bullish reversal after falling by almost 90% from its record high of $368.90 in November 2021. Coinbase stock price was up over 95% to $75.27 as of July 20’s close when measured from its May 12 local bottom of $40.83. Its recovery led to a symmetrical triangle pattern formation with the…

Bitcoin holds 5-week high as trader suggests ‘parabolic’ bear trend is over

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Bitcoin (BTC) took aim at $24,000 on July 20 after a night of solid gains put bulls in the driving seat. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Parabolas violated Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it breached $23,800, its highest level since June 13. Against expectations, crypto staged a recovery beyond an intra-hour “fake-out” as risk assets benefitted from declining United States dollar strength. The inverse correlation between the U.S. dollar index (DXY) and Bitcoin remained center stage on the day, with the greenback coming…

As The Merge Gets Closer, Ethereum’s Hashrate Dropped Over 26% Since the Network’s All-Time High 45 Days Ago – Mining Bitcoin News

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While a tentative date for The Merge has been pencilled in by developers, and even though it’s quite possible it could be delayed once again, Ethereum’s hashrate has dropped 26.26% during the last 45 days. 18.21% of the hashrate loss took place after June 30, as Ethereum’s global hashrate slipped from 1,190 terahash per second (TH/s) to today’s 973.27 TH/s. While Ethereum’s hashrate decreased, Ethereum Classic’s hashrate spiked 12.07% higher during the last two days, but the added terahash was way less than the hashrate that left Ethereum during the…

SHIB Remains Close to 2-Month High, as BCH Extends Recent Gains – Market Updates Bitcoin News

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Shiba inu was trading close to a two-month high on Tuesday, despite prices marginally falling from yesterday’s peak. As of writing, prices of the meme coin remained elevated, despite earlier gains easing. Bitcoin cash was also higher, rising for a seventh consecutive session. Shiba Inu (SHIB) Following on from yesterday’s rally which took prices to a two-month peak, shiba inu (SHIB) continued to trade close to these levels, despite earlier gains easing. Prices of the meme coin hit an intraday high of $0.00001243 on Tuesday, which is marginally below Monday’s…