Tag: High

Bitcoin market cap dominance hits 2-month high as altcoins struggle

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Bitcoin (BTC) is retaking market share from altcoins after its market capitalization dominance hit its highest since November 2021 last week. Data from CoinMarketCap and TradingView reveals BTC briefly accounted for over 42% of the overall crypto market cap in late January. Bitcoin claws back market cap presence Having suffered on the way down from its all-time price highs in November, the latest moves have allowed Bitcoin to reclaim some of its lost ground against altcoins. Previously, attention was focused on major tokens such as Ether (ETH), Solana (SOL) and…

First Mover Asia: Crypto Finishes Bad Month on High Note

Good morning. Here’s what’s happening: Market moves: Bitcoin ended a bad January on a positive note; DeFi trading volume grew steadily. Technician’s take: BTC’s January sell-off could attract short-term buyers. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $38.446 +1% Ether (ETH): $2,682 +2.6% Top Gainers Asset Ticker Returns Sector Chainlink LINK +7.2% Computing Top Losers Asset Ticker Returns Sector Cosmos ATOM −7.8% Smart Contract Platform Polygon MATIC −7.1% Smart Contract Platform Internet Computer ICP −5.7% Computing Markets S&P…

Bitcoin’s Put-Call Ratio Hits 6-Month High as Negativity Rules

While both the put-call open interest ratio and the skew indicate the same thing, the latter is more reliable, according to Ardern, given it calculates real-time data and is not affected by open contracts. Historically, the six-month call-put skew has been more reliable as a contrary indicator, showing put bias near price bottoms, as observed after the March 2020 crash and the May 2021 slide. Source

Ripple takes the high road, Jan. 20–26

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Blockchain payments company Ripple (XRP) made it abundantly clear this week that it’s not letting its feud with the United States Securities and Exchange Commission (SEC) hold back its business plans. On Wednesday, the company announced it had repurchased all Series C shares that it issued to private investors back in December 2019 — even though a court ruling in 2021 said it didn’t have to. This week’s Crypto Biz explores Ripple’s share repurchase and provides an overview of the biggest funding stories of the week. We also weigh a…

Bitcoin-Ether Ratio Hits 3-Month High, Friday's Close Pivotal

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The bitcoin-ether ratio rallied to the highest level in three months on Monday as adverse macroeconomic conditions unexpectedly took a bigger toll on the native token of Ethereum’s blockchain. The ratio climbed to 15 on Monday, hitting the highest since Oct. 25, a chart provided by TradingView shows. Bitcoin has consistently outshined ether over the past six weeks, evidenced by the ratio’s 32% increase since Dec. 8. While ether has declined 45% since then, amid heightened expectations of a U.S. Federal Reserve interest-rate increase, bitcoin, despite being considered an inflation…

Top Meme Coins by Market Capitalization Shed Billions, DOGE Down 80% Since All-Time High – Market Updates Bitcoin News

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As digital asset markets have shed significant value during the last two weeks, the top meme coins by market capitalization have dropped considerably against the U.S. dollar. The top meme asset dogecoin has lost 23.9% over the last seven days, while shiba inu’s value was reduced by 31.1% this week. Dogecoin Down 80% Since All-Time High, Shiba Inu Down 75% Since High On Monday, January 24, 2022, the top meme coins by market capitalization have lost 3.1% over the last day. Currently, the myriad of meme tokens today account for…

Bitcoin records all-time high network difficulty amid price fluctuations

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The Bitcoin (BTC) network has recorded a new all-time high mining difficulty of 26.643 trillion with an average hash rate of 190.71 exahash per second (EH/s) — signaling strong community support despite an ongoing bear market. The Bitcoin network difficulty is determined by the overall computational power, which co-relates to the difficulty in confirming transactions and mining BTC. As evidenced by the blockchain.com data, the network difficulty saw a downfall between May and July 2021 due to various reasons including a blanket ban on crypto mining from China. BTC network…

Whales Gobble Up Bitcoin As Non-Exchange BTC Supply Surges to All-Time High: Santiment

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Crypto whales are buying up Bitcoin (BTC) even as prices continue to track sideways this week, according to the market analytics firm Santiment. According to Santiment’s Twitter feed, whale addresses holding between 1,000 and 10,000 BTC snapped up 40,000 additional Bitcoin over two days earlier this week. That group of whales now own the same amount of BTC as they did before they began dumping their holdings in late December, when Bitcoin was priced around $49,000. Source: Santiment/Twitter Bitcoin is trading at $38,785 at time of writing, down more than…

Despite Recent Fear, Coins Aged 12-18 Months Rise To 2-Year High

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Despite the recent fearful market, Bitcoin hodlers show diamond hands as coins aged 12-18 months touch a 2-year high. Coins Matured To 12-18 Months Revisit A High Not Seen Since 2 Years As pointed out by an analyst in a CryptoQuant post, BTC hodlers have held strong recently as coins aged 12-18 months have seen a sharp spike recently. The relevant on-chain indicator here is the Bitcoin Sum Coin Age (SCA) Distribution that shows the distribution of coins among the different holders in the market. The metric works by looking…

Bitcoin Mining Difficulty Reaches Lifetime High, It’s Now More Difficult Than Ever Before to Find a Block Reward – Mining Bitcoin News

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Following the drop in value during Thursday evening’s trading sessions, Bitcoin’s mining difficulty rose to a lifetime high, reaching 26.64 trillion after jumping 9.32% at block height 719,712. The mining difficulty’s all-time high (ATH) is now higher than the ATH it reached on May 15, 2021, which means it is currently more difficult than ever before to find a bitcoin block reward. Bitcoin’s Mining Difficulty Taps an ATH at 26.64 Trillion, Hashrate Shudders After Price Dip and Difficulty Increase Bitcoin mining difficulty on January 21, 2022. On January 20, 2022,…