Tag: High

Google Searches for ‘Privacy Coins’ Reach an All-Time High; Price Follows

Key Notes Google Trends data reveals unprecedented global interest in privacy-focused cryptocurrencies reaching peak levels. Zcash’s private transaction usage soars with 22.32% of total supply now using shielded addresses for enhanced anonymity. Industry experts predict massive migration toward financial privacy tools as regulatory scrutiny intensifies globally. The mindshare and interest in privacy solutions appear to be rising worldwide, which includes privacy-enhancing cryptocurrencies. Bitcoin first gained popularity among privacy and encryption advocates known as cypherpunks, thanks to its pseudonymous accounts—later losing this appeal with the surge of advanced chain analysis tools.…

Cardano Eyes $10 as Open Interest Hits 7-Month High

Key Notes Market analysts predict a 10x surge in the Cardano price moving ahead. Technical indicators, including a bullish MACD crossover, suggest momentum is favoring buyers, with near-term resistance at $1.04. Cardano’s open interest has hit $1.13 billion, its highest level in seven months. Cardano’s native cryptocurrency ADA ADA $0.91 24h volatility: 0.1% Market cap: $33.22 B Vol. 24h: $2.54 B continues to grab the limelight as it eyes a potential breakout past $1.0. Amid a 21% weekly rally, ADA reclaimed the eighth spot in the top ten cryptocurrencies, surpassing…

Ethereum Nears Record High as Investor Preference Shifts, Cryptoquant Reports

Ethereum ( ETH) approaches its all-time high price as investor preference shifts decisively in its favor against bitcoin, according to a new report by Cryptoquant. However, researchers say and early indicators suggest rising selling pressure could challenge its rally. Institutional Investors Pivot to ETH via ETFs, Onchain Data Shows Ethereum (ETH) reached $4,743 on Aug. […] Source CryptoX Portal

ETH Unstaking Hits $3.2B But ETFs Could Keep Prices High

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Key takeaways: Ether queued for unstaking hits a record $3.8 billion, led by Lido, EthFi, and Coinbase. Strategic reserves and ETF holdings have jumped by 140% since May 1. ETH’s $4,200 support is critical, with $1.2 billion in longs at risk if the price tags the level. The staking ecosystem of Ethereum has reached new highs, with 877,106 Ether (ETH) worth $3.88 billion currently queued for a withdrawal, with a 15-day wait time on Friday. Data from ValidatorQueue notes that the current number of active validators is above 1.08 million,…

Bitcoin price hits new all time high, what’s next?

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Bitcoin price has hit a new all-time high above $124k, fueled by increasing odds of a Fed rate cut in September, boosted by July’s U.S. CPI reading. Summary Bitcoin hit an alltime high of $124,000 as odds of a Fed rate cut in September rose. Spot Bitcoin ETFs drew over $1 billion in net inflows over the past five sessions. An ascending channel pattern has formed on the BTC 4-hour chart. According to data from crypto.news, Bitcoin (BTC) rose over 8.5% in the past 7 days to $124,128 on Friday,…

Bitcoin Sets New High On Back Of Latest CPI Inflation Data

Bitcoin (BTC) price hit a new all-time high above $123,231 on Wednesday on Coinbase, following a similar performance from the S&P 500 which rallied to a record high of 6,457. Bitcoin’s ascent to new highs comes one day after the July US CPI print showed inflation holding at 2.7% year-over-year, which was unchanged from June and below the forecast 2.8%. The data showed overall CPI increasing 0.2% versus a 0.3% increase in June. Following the report’s release, the CME FedWatch tool showed the market odds of an interest rate cut…

Ethereum Nears Its All-Time High Amid Retail Sell-Offs

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Ethereum is closing in on a historic test, hovering just 6.4% below its all-time high of $4,891. Despite persistent sell-offs from retail traders, the asset’s upward momentum continues, signaling a potential breakthrough that could set the stage for new record levels. Retail Sentiment Misfires: Lessons From Past Greed And Corrections Santiment, a popular platform in on-chain and market analytics, recently highlighted in a post that Ethereum is now within striking distance of a historic milestone — just 6.4% away from its all-time high of $4,891 set on November 16, 2021. …

Ethereum Overtakes Netflix Valuation as ETH Price Approaches $4,890 All-Time High

Key Notes ETH’s average transaction size surged 430% from $2,555 to $15,845, indicating increased whale activity and retail participation. Technical analysis shows potential for $5,000 breakthrough if price closes above $4,758 Bollinger Band resistance level. Corporate treasury purchases from BitMine, Fundamental Global, and Sharplink Gaming fueled the recent price momentum surge. Ethereum ETH $4 724 24h volatility: 4.2% Market cap: $570.41 B Vol. 24h: $60.13 B market cap reached a record $570 billion on Wednesday, Aug. 13, overtaking mega-cap stocks including Netflix and Mastercard. At press time, Netflix sits at…

Why is BNB Up Today? Corporate Buyers Help Token Near Record High

BNB climbed more thane than 4% in the past 24-hour period on a wider cryptocurrency market rally to breach the $850 mark and near its all-time high at $860. The token rose from $813.90 to its high during the session, breaking through key resistance points at $839.57 and $853.67 before meeting selling pressure near the $855 psychological level, according to CryptoX Research’s technical analysis model. The rally gained momentum after CEA Industries acquired 200,000 BNB, becoming the largest corporate holder of the asset. The move is part of a growing…