Tag: High

BTC price hits 10-day high as trader says $42K is where Bitcoin ‘gets interesting’

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Bitcoin (BTC) bulls kept up the pressure on April 20 as the Wall Street open saw a return to $42,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $42,000 proves troublesome Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $42,220 on Bitstamp, its highest since April 11. After adding as much as 9.3% versus local lows from April 18, the pair was now in line for “interesting” behavior, according to Cointelegraph contributor Michaël van de Poppe. “Things get interesting at $42K,” he told Twitter followers. Like others on the day,…

Solana’s STEPN hits record high as GMT price skyrockets 34,000% in over a month

STEPN (GMT), a so-called “move-to-earn” token using the Solana (SOL) blockchain, has soared incredibly since its market debut in March. GMT’s price jumped from $0.01 on March 9 to a record high of $3.45 on April 19 — a 34,000% upside move in just 41 days (data from Binance). Its massive uptrend appeared primarily due to the hype surrounding decentralized finance (DeFi) projects that reward users in tokens for staying active. For instance, the prices of GMT and its top rivals, including Genopets (GENE) and dotmoovs (MOOV), exploded massively on a…

BTC could drop to $30K in 2 weeks, trader warns as gold goes for $2K high

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Bitcoin (BTC) is in line for a relief bounce but still risks dropping all the way to $30,000 before May, new analysis warned on April 18. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 dive is April “risk” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $39,000 on Monday as bearish prognoses for the pair mounted. After losing $40,000 support overnight into Monday, Bitcoin faced thin liquidity in the absence of United States and European equities trading thanks to the Easter weekend. For popular trader Crypto Ed, a…

XRP Hits 1-Week High, as NEAR Falls Again – Market Updates Bitcoin News

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During what can be described as a choppy trading session, it was XRP which was one of the most notable gainers, climbing to a one-week high. While ripple rose, NEAR was once again lower, falling by as much as 10% on Friday. While crypto markets were mainly in the red, XRP was one of Friday’s biggest gainers, climbing by as much as 9%. Following a low of $0.7106 earlier in the session, XRP/USD rallied to an intraday high of $0.7937 as the day progressed. Today’s high comes after four consecutive…

US Inflation Jumps to Fresh 4-Decade High of 8.5% in March

“Inflation likely peaked in March, with the biggest contributions coming from gasoline and food prices, which could stabilize in the next few months,” Navy Federal Credit Union’s corporate economist Robert Frick said. “But high inflation will be with us at least through the summer because increases in other prices, especially shelter and services, will be sticky.” Source

XMR Climbs to 4-Month High, NEAR Drops 10% Following Recent Gains – Market Updates Bitcoin News

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Following a gain of over 25% on Friday, NEAR dropped by over 10% to start the weekend, while XMR rose to a four-month high. The move in NEAR comes as traders look to be taking profits from recent highs, and as market uncertainty remains high. Near Protocol (NEAR) After being Friday’s biggest gainer, climbing by over 25%, NEAR was trading lower to start the weekend. NEAR/USD fell to an intraday low of $16.39 during today’s session, as bullish sentiment in the world’s nineteenth-largest cryptocurrency began to fade. This drop follows…

Ethereum’s Hashrate Taps an All-Time High as Miners Race to Mint ETH Before The Merge – Mining Bitcoin News

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While the Ethereum community is getting prepared for The Merge and the protocol’s transition to a full proof-of-stake (PoS) system, the network’s hashrate reached an all-time high (ATH) on April 7, 2022. On Thursday, Ethereum’s hashrate reached a high of 1.131 petahash per second (PH/s), jumping 13% in 89 days. Ethereum’s Hashrate Climbs 13% Higher Since the First Week of January The Ethereum blockchain is expected to transition into a full proof-of-stake (PoS) network this year via The Merge. It’s unclear how smoothly that transition will go and for now,…

CAUTION Bitcoin Bull TRAP – Technical Chart Analysis – $BTC Pump or Bear Dump – Market Price Targets

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Bitcoin Monthly Outflows Reach Historically High Value

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On-chain data shows the Bitcoin monthly outflows have recently reached values only seen a few times before in the crypto’s entire history. Bitcoin Exchange Outflows Now Have A Value Of 96.2k BTC Per Month According to the latest weekly report from Glassnode, a historically high amount of BTC has exited all exchange wallets recently. The relevant indicator here is the “exchange net position change,” which tells us the net amount of Bitcoin exiting or entering wallets of all exchanges. The metric’s value is simply calculated by taking the difference between…