Tag: High

Bitcoin price falls under $29.5K after ‘unexpected’ 40-year high US inflation

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Bitcoin (BTC) fell sharply on June 10 after surprisingly high inflation data from the United States rattled markets before the Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Bitcoin will be “painful” if $29,300 fails to hold Data from Cointelegraph Markets Pro and TradingView tracked a $600 dive for BTC/USD as May’s Consumer Price Index (CPI) figures hit. Despite hopes that the worst of the inflationary period was over, May’s CPI print came in at 1% month-on-month and 8.6% year-on-year — a return to levels not seen since…

85% of Merchants Say Enabling Crypto Payments Is High Priority – Featured Bitcoin News

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A survey conducted by Deloitte in collaboration with PayPal found that over 85% of merchants “are giving high or very high priority to enabling cryptocurrency payments.” In addition, “nearly three-quarters of those surveyed reported plans to accept either cryptocurrency or stablecoin payments within the next 24 months.” Majority of Merchants Surveyed Plan to Enable Crypto Payments Financial services firm Deloitte published a report titled “Merchants getting ready for crypto” on Wednesday in collaboration with payments giant Paypal. The report includes the results of a survey conducted between Dec. 3 and…

LINK Remains Near 1-Month High, as ADA Extends Bull Run – Market Updates Bitcoin News

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LINK remained close to a one-month high earlier in today’s session, as crypto markets shook off some of Tuesday’s volatile moves. Although price volatility remained, bulls returned to show force, with ADA continuing to climb higher this week. Chainlink (LINK) LINK was trading around a one-month high during today’s session, following a recent four-day bull run. The run commenced near a support level of $6.70, and took price above its recent resistance point of $8.80. As a result of this move, LINK/USD rose to a four-week high of $8.95 late…

Ethereum Single-Day Liquidations Reach Three-Year High As Price Breaks $1,900

Ethereum is back on another winning streak as it breaks above $1,900. This follows a weekend that was mostly characterized by low momentum but would eventually turn for the better. In the wake of this, there have been a lot of short liquidations in the market due to the recovery. However, the liquidations in Ethereum hit a new three-year high when thousands of short positions were liquidated on the Bitfinex cryptocurrency exchange. Bitfinex Short Liquidations Grow The Bitfinex crypto exchange is one of the largest exchanges in the world and…

ADA up 13% on Monday, THETA Moving Towards Multi-Week High – Market Updates Bitcoin News

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Crypto markets were mainly in the green to start the week, with several assets climbing by double digits on Monday. One of these was ADA, which rose by as much as 13% today. THETA also climbed higher, gaining nearly 15%. Cardano (ADA) ADA was one of the most notable movers on Monday, as prices surged back towards a long-term resistance level. Monday saw ADA/USD rally to an intraday high of $0.6435, which is the highest point it has reached since May 31. This move, which started at support of $0.5560,…

Bitcoin Addresses Holding 0.01+ BTC Hits a New All-time High Despite General Mood of Fear in the Crypto Markets

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Summary: The number of Bitcoin addresses holding 0.01 or more BTC has hit a new all-time high of 10.088 million. The new milestone is despite the Crypto Fear and Greed index hitting an almost record low of 10, hinting that crypto traders are cautious about the short-term future of digital assets. Bitcoin is once again trading below the crucial $30k resistance level that could signal further losses in the month of June. The number of Bitcoin addresses holding 0.01 or more BTC has hit a new milestone. According to the…

Ethereum’s Hashrate Surpasses Lifetime High as The Merge Gets Closer – Mining Bitcoin News

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Following the all-time high (ATH) recorded in May, Ethereum’s hashrate has been breaking records again, as it reached 132 petahash per second (PH/s) on Saturday, June 4. Presently, Ethereum’s hashrate is coasting along at 129 PH/s and the network’s top mining pool Ethermine commands 0.24% of the network’s hashrate. Ethereum’s Hashrate Captures Another Record High This Year On June 2, Bitcoin.com News reported on the top five mining pools retaining over 71% of Bitcoin’s hashrate during the month of May. BTC’s hashrate at the time had a rough average of…

Is education the key to curbing the rise of scammy, high APY projects?

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Most people who have dealt with cryptocurrencies in any capacity over the last couple of years are well aware that there are many projects out there offering eye-popping annual percentage yields (APY) these days.  In fact, many decentralized finance (DeFi) protocols that have been built using the proof-of-stake (PoS) consensus protocol offer ridiculous returns to their investors in return for them staking their native tokens. However, like most deals that sound too good to be true, many of these offerings are out-and-out cash grab schemes — at least that’s what…

WAVES up Over 120% in the Last Week, XLM Moves Towards 3-Week High – Market Updates Bitcoin News

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WAVES was once again higher on Friday, with prices now gaining by over 120% in the last seven days. While WAVES soared, XLM also had a stellar showing, as it moved closer to a three-week high on Friday. WAVES While crypto markets have been either falling or consolidating over the past week, WAVES has continued to surge, climbing by over 120% in that time. On Friday, prices rose for a seventh consecutive session, hitting an intraday peak of $10.47 in the process. This move comes as prices marginally passed resistance…