Tag: High

Social Dominance Rate Of Bitcoin Marks An All-Time High in 2022

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With the recent trend in the crypto market, the world-leading digital asset seems to be getting attention. From the general price fall for all crypto tokens, Bitcoin is one of the assets that has seen a drastic cut in its value. BTC has plunged by over half of its value as of November 2021. As a result, many participants in the industry have shown considerable concern and focus on the trend of BTC. Such attention to Bitcoin had invariably pushed the token to have a spike in its social dominance…

Inflation Likely to Climb to New 40-Year High

The U.S. Labor Department will release the widely-tracked consumer price index (CPI) measuring the cost of living in the world’s largest economy on Wednesday at 12:30 UTC. Core inflation, which strips out the volatile food and energy component, is expected to be 0.6% month-on-month, or 5.8% for the year. Source

How I Became a Bitcoin Developer Fresh Out of High School

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Despite the current bear market, Brozzoni remains optimistic about Bitcoin’s future. She expresses confidence in Bitcoin’s “antifragility,” a word (ironically) coined by Nassim Taleb, one of Bitcoin’s harshest critics. An antifragile entity is one that not only survives adversity, but thrives on it. In his book, “Antifragile: Things That Gain From Disorder,” Taleb uses the Hydra, a lake-dwelling Greek mythological creature, to illustrate the concept of antifragility. The Hydra has numerous heads, and each time one is cut off two grow back. Original

Tezos (XTZ) Nears 3-Week High

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After a sharp decline in the second week of June, the price of Tezos (XTZ) rebounded from its $1.2 low. Tuesday, despite a highly volatile market, the altcoin price reached a new all-time high, rising slowly but steadily. XTZ was a prominent performer to usher in the week, as prices surged to a three-week high. Following Monday’s session low of $1.50, XTZ climbed to an intraday high of $1.60 yesterday. As of the time of writing, XTZ was trading at $1.54, an increase of 6.0 percent over the previous week. This…

Bitcoin’s Inverse Correlation With Inflation-Adjusted Bond Yield Hits Record High

On Wednesday, the U.S. Labor Department is scheduled to release June’s consumer price index figure. The data is likely to show the cost of living rose 1.1% month-on-month, bringing the annualized figure to a new four-decade high of 8.8%. The CPI stood at 8.6% in May. The core inflation, which strips out the volatile food and energy component, is seen rising 0.6% month-on-month, amounting to an annualized growth of 5.8%. Source

Leverage Ratio Is Still Very High

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On-chain data shows the Bitcoin leverage ratio still has a very high value, a sign that has usually proven to be bearish for the crypto in recent months. Bitcoin Exchange Leverage Ratio Has Been Going Up In Recent Weeks As pointed out by an analyst in a CryptoQuant post, the BTC all exchanges leverage ratio is still quite high, suggesting that the crypto could still see further downtrend. The “leverage ratio” is an indicator that is defined as the ratio between the open interest and the all derivatives exchange reserve.…

XTZ Nears 3-Week High, UNI Remains Close to 2-Month High – Market Updates Bitcoin News

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XTZ was a notable mover in the crypto top 100 on Monday, as prices rose towards a three-week high to start the week. Prices collided with a key resistance level during the move, and this came as UNI continued to trade above a ceiling of its own. Tezos (XTZ) XTZ was a notable mover to start the week, as prices rose towards a three-week high during Monday’s session. Following a low of $1.54 during yesterday’s session, XTZ/USD rose to an intraday peak of $1.68 earlier today. This surge in price…

Ethereum (ETH) Shifts To High Gear

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The price of Ethereum (ETH) has continued to trade upwards over the past several days, following a dramatic reversal from the previous low near $1,000 during the last seven days. Wednesday saw the ETH/USD pair surge to the $1,175 barrier level, recording a clear higher high. As of this writing on Thursday, ETH was trading at $1,218 — an increase of 10.6 percent over the previous week, according to data from Coingecko. The announcement that Ethereum developers successfully executed The Merge on the Sepolia testnet boosted the price of Ether…