Tag: High

Non-zero BTC addresses hit all-time high of 40 million

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On-chain statistics through February have suggested positive sentiment for Bitcoin as addresses with a non-zero balance of BTC reached an all-time high. Additionally, those wallets with a positive BTC balance are increasingly hodling their coins. The amount of BTC circulating supply last moved between three and five years ago reached a four-year high of just over 2.8 million coins, according to data from on-chain analytics firm Glassnode. #Bitcoin $BTC Number of Non-Zero Addresses just reached an ATH of 40,276,163 Previous ATH of 40,275,801 was observed on 05 February 2022 View…

Ethereum Exchange Balances Touch 3-Month High

Ethereum had seen its balances on exchanges decline through 2021. This happened despite continuous market rallies that sent the digital asset towards all-time highs. Investors had accumulated all through bull rallies instead of trying to dump their coins, leading to reduced supply on centralized exchanges. This was also propelled forward by the growing popularity of DeFi. However, this trend is starting to reverse as exchange balances are now on the rise. Ethereum Exchange Balances Touch 3-Month High New on-chain reports have shown that Ethereum exchange balances are on the rise…

Bitcoin Sets Stage For Reversal As Unmoved Supply Nears All-Time High

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The unmoved supply of bitcoin continues to grow despite declining prices. This has various implications for the digital asset, with the major one being the volume of available supply in the open market. For most bull rallies in the past, this unmoved supply had remained low, declining at points where investors dumped their bags to avoid the crash. But this illiquid supply is once again on the rise. 60% Of Bitcoin In Unmoved Supply Bitcoin has maintained its position as the leading crypto investment. This is why owning the cryptocurrency…

Bitcoin Wilts as Russia-Ukraine Tensions Push Gold to 8-Month High

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Analysts foresee more pain for bitcoin if the geopolitical tensions escalate. “Bitcoin is the ultimate risky asset, and a Ukraine invasion would keep crypto selling pressure going another 10%-15% over the short term,” Oanda’s Moya said. According to the latest reports, Russia is withdrawing military forces from near Ukraine. The futures tied to the S&P 500 were up 0.5% at press time, while bitcoin was up 0.6% at $40,700. Original

Bitcoin difficulty reaches all-time high, hash rate up 45% in 6 months

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The Bitcoin network has hit yet another all-time high in mining difficulty after a steady climb since last July’s lows. On-chain analysis tool CoinWarz indicated on Feb. 18 that mining difficulty reached a new high of 27.97 trillion hashes (T). This is now the second time in three weeks that Bitcoin (BTC) has hit a new ATH in terms of difficulty. On Jan. 23, difficulty reached 26.7 T when hash rates were at 190.71 EH/s (exahashes per second). Higher difficulty means there is more competition among miners to confirm a…

ATOM Hits 1-Week High — AXS, LEO, THETA Dip Lower – Market Updates Bitcoin News

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Despite Thursday’s selloff in cryptocurrencies, cosmos managed to hit its highest level in the last week. The rally came as one of yesterday’s big gainers, THETA, slipped in today’s session. Biggest gainers Cosmos (ATOM) moved higher in today’s session, despite the global cryptocurrency market cap falling by over 3% as of writing. ATOM/USD rose to a peak of $30.79 earlier today, following its climb from yesterday’s low of $27.97. This recent surge in the price of ATOM, comes after a Valentine’s day bounce of its support level at $25.90. Since…

Bitcoin Hashrate Hits Another Milestone, Network’s Mining Difficulty Taps 13-Year High – Mining Bitcoin News

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The processing power backing the Bitcoin network has continued its upward momentum tapping another all-time high (ATH) on February 15, 2022, at 249 exahash per second (EH/s). Following the latest ATH, the network’s mining difficulty increased on Thursday morning (EST), up 4.78% and reaching a value of 27.97 trillion. The mining difficulty has increased six times in a row since November 28, 2021, which makes it 23.34% harder for bitcoin miners to find bitcoin block rewards since then. Bitcoin Hashrate Cracks Another ATH, Block Rewards Become Much Harder to Find…

Bitcoin Sentiment Reaches Local High, But Can’t Shake Recent Fear

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Last week, Bitcoin sentiment shifted to greed for the first time in four months, but has since fallen back down into fear territory amid the current geopolitical and macro uncertainties. Bitcoin Fear And Greed Index Slips Down From Four Month High As per the latest weekly report from Arcane Research, the crypto market sentiment has once again sunk down to fear after briefly entering greed last week. The “fear and greed index” is an indicator that tells us about the general investor sentiment in the Bitcoin and wider crypto market.…

Polygon Token Price Analysis – New All-Time High This Week For MATIC?

As of February 15, 2022, Polygon token MATIC has scaled its price to $1.79 with a 24-hour price change of +11.14%. MATIC posted a low of $1.60 and a high of $1.79 with a trading volume of $1,196,485,293.19, up by 36.32% in the last 24 hours. According to Crypto Predictions, the price might rise as high as $2.300 throughout February and has the tendency to fall as low as $1.230. Some analysts estimate the price to hit $1.447, which is lower than what financial experts have set their sights on.…