Tag: High

Ethereum Nears Make-or-Break Moment as Open Interest Soars to All-Time High

Ethereum (ETH) has mirrored the broader cryptocurrency market’s recent downturn, with its price declining by 4% over the past week. As of today, ETH trades at approximately $3,598, reflecting a 1% decrease in the past 24 hours. This pullback follows months of mixed price action across the market, as traders balance optimism over long-term fundamentals with short-term risk management. New insights from on-chain data suggest heightened market activity surrounding Ethereum despite its failure to reclaim the $4,000 mark. Analysts point to unprecedented levels of Open Interest (OI) in Ethereum futures…

Ethereum Price Lags Despite All-Time High In Daily Transactions

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The Ethereum (ETH) blockchain is experiencing a renewed surge in network activity, recently reaching a fresh all-time high (ATH) in daily transactions. However, despite this increase in on-chain fundamentals, ETH’s price continues to trade below major resistance levels, raising concerns that bullish momentum may be fading. Ethereum Network Activity Picks Momentum According to a CryptoQuant Quicktake post by contributor CryptoOnChain, Ethereum’s daily transaction count – highlighted in pink in the below chart – has surged to a new ATH of approximately 1,550,000 transactions per day. Source: CryptoQuant This sharp increase…

Bitcoin Mining Difficulty Hits All-Time High After Sharp Drop-Off

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The Bitcoin (BTC) mining difficulty hit an all-time high of 127.6 trillion this week, but is projected to drop during the next difficulty adjustment on August 9. Mining difficulty is expected to fall by about 3% to 123.7 trillion in the next adjustment period, and the current average block time is about 10 minutes and 20 seconds, according to CoinWarz. Data from CryptoQuant shows that the mining difficulty fell in June, with a sharp drop-off at the end of month and the first two weeks of July, when difficulty fell…

Likelihood Of Dogecoin Price Reaching New All-Time Highs Is ‘Extremely High’, Here’s Why

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The Dogecoin price is currently down more than 70% from its all-time high of approximately $0.74. However, a crypto analyst has predicted that the likelihood of this top meme coin reaching a new ATH is exceptionally high. Based on recurring historical patterns and strong technical signals, the analysis suggests that Dogecoin is getting ready for a critical breakout that could open the doors to a powerful rally. Dogecoin Price To Record New ATH Soon According to a fresh analysis by crypto expert Javon Marks, the probability of Dogecoin setting new…

Stablecoin Searches Hit All-Time High As Market Grows to $272B

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Google search data shows interest in stablecoins surged to an all-time high this month as regulations were greenlit, stablecoin issuance and supply skyrocketed, and institutions increasingly look to launch their own tokenized fiat equivalents.  The previous peak for stablecoin searches was in May 2022, just after the depeg of the Terra (USTC) algorithmic stablecoin and the collapse of the Luna ecosystem. More recent data shows search interest surged in mid-June and then again in mid-July following the passing of the Guiding and Empowering Nation’s Innovation for US Stablecoins (GENIUS) Act…

CAKE Price Jumps 15% as BNB Hits New All-Time High

Key Notes CAKE’s daily trading volume also spiked 200% to over $460 million, signaling strong market interest. With over 54.59 million users and $1.90 trillion in trading volume on the BNB Chain, PancakeSwap remains the top decentralized exchange by TVL. Crypto analyst Javon Marks sees a technical breakout in CAKE holding strong, keeping a $40.794 target in play. With the crypto market rally today, PancakeSwap CAKE $3.01 24h volatility: 7.6% Market cap: $1.04 B Vol. 24h: $526.01 M price has surged more than 15% today, shooting past $3.21, while taking…

BNB Smashes New All-Time High, Eyes $1,000 Mark

BNB experienced a significant surge on July 28, reaching a new ATH of $855, marking an increase of 7% within 24 hours and elevating its market capitalization to over $118.5 billion. BNB’s Continued Ascent: New All-Time High and Market Position Barely a week after surpassing the $800 mark to set a new all-time high (ATH), […] Source CryptoX Portal

What factors are driving the bitcoin price surge? | ABC NEWS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The price of bitcoin has reached an all-time high, climbing above $US120,000 for the first time. It comes as a number of digital asset laws, likely to give cryptocurrencies a regulatory framework, are to be voted on by US Congress. Doctor Aaron Lane from RMIT’s blockchain innovation hub says a regulatory environment and the appeal of bitcoin as a secure ‘digital gold’ investment amid economic uncertainty have contributed to the recent surge in price. Subscribe: Read more here: ABC NEWS provides around…