Tag: High

3 reasons why Near Protocol (NEAR) just hit a new all-time high

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The layer one (L1) battle is starting to heat up again and multiple protocols have seen their token values rise in recent weeks as traders venture out to see what life is like outside of the Ethereum (ETH) network.  One L1 protocol that has seen its token price climb to a new all-time high this week was NEAR, a community-run cloud computing platform focused on interoperability and lightning quick transaction speed. Data from Cointelegraph Markets Pro and TradingView show that, following a pullback that hit a low of $13.10 on…

Here’s why Osmosis (OSMO) hit a new all-time high

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Crypto assets within the Cosmos ecosystem have been on a run since the start of 2022, thanks to an intensified focus on brokering cross-chain compatibility with other blockchains. One decentralized finance (DeFi) protocol that has benefited from the current expansion plans is Osmosis (OSMO).  Osmosis is the first decentralized exchange (DEX) servicing projects connected through the Interblockchain Communication Protocol (IBC) and data from Cointelegraph Markets Pro show OSMO price surged 123% from a low of $4.05 on Dec. 17 to a new all-time high at $9.24 on Jan. 7. OSMO/USD 1-day chart.…

NEAR Hits All-Time High as Upstart Blockchains Win With 'FOAN Trade'

Near Protocol’s NEAR token reached an all-time high Wednesday on signs the up-and-coming blockchain might be undervalued as it attracts more activity. The token has risen in the current bear market for cryptocurrencies like bitcoin, bucking the trend to increase in price over 18% in the last seven days and doubling over the past month. As of press time the NEAR price was $18.70. Near Protocol is a layer 1 blockchain that aims to overcome some of the limitations of its competitors such as slow transaction rates, limited throughput and…

US Inflation Rate Rises to Four-Decade High of 7% in December

“The Fed sees inflation lasting till mid-2022 and that is probably when they will let the balance sheet decline,” Edward Moya, senior market analyst at The Americas OANDA said. “The path of inflation may drive quicker rate hikes and a sooner start to shrinking the balance sheet, and that could be bearish short-term for risk assets such as cryptos, but equities will likely feel more pain.” Source

Traders Will Be Watching if December CPI Confirms Inflation at 4-Decade High

Bitcoin traders have been betting for years the largest cryptocurrency by market cap could serve as an effective hedge against inflation. That’s why they’ll be watching Wednesday as the U.S. Labor Department publishes its Consumer Price Index (CPI) report for December. The widely followed CPI, scheduled for release at 8:30 a.m. ET (13:30 UTC), is expected to show an acceleration in inflation, already at the highest point in 39 years, from the prior month. A faster-than-expected uptick in prices could spur the Federal Reserve to tighten monetary policy aggressively over…

1,000 Bitcoin Added to Treasury as BTC Falls While Mining Hardware Prices Remain High – Mining Bitcoin News

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Global bitcoin mining company Bitfarms has bought the dip and added 1,000 bitcoins to its balance sheet while the prices of mining hardware remain high. The company’s corporate treasury now holds more than 4,300 bitcoins. Mining Company Buys the Dip Bitfarms Ltd. has taken advantage of the falling price of bitcoin. The publicly traded bitcoin mining company announced Monday that it has purchased 1,000 BTC for its treasury. The announcement details: During the first week of January 2022, Bitfarms purchased 1,000 BTC for US$43.2 million. This increased the BTC holdings…

Solana Formally Acknowledges Problems With ‘High Compute’ Transactions Clogging the Network – Bitcoin News

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Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status of the network, as well as the status page, reported this incident yesterday. This is the latest issue Solana is facing after experiencing several network disruptions during the past months. Solana Facing Throughput Issues Solana, a smart contracts-enabled cryptocurrency, has formally acknowledged its network is suffering performance issues affecting the throughput of the system and causing it…

3 reasons why Cosmos (ATOM) price is near a new all-time high

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Blockchain network interoperability is shaping up to be one of the main themes for the cryptocurrency ecosystem in 2022. New users are continuing to onboard into the growing world of crypto while both new and established projects search for the chain that will best serve the needs of their protocol and community.  One project that has 2022 off to a bullish start thanks to its focus on facilitating the communication between separate networks is Cosmos (ATOM). This project bills itself as “the internet of blockchains” and seeks to facilitate the…

Bitcoin Open Interest Reaches Dangerously High Values, Leverage Flush Coming?

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On-chain data shows Bitcoin open interest has reached dangerously high values, a sign that a leverage flush may be coming soon. Bitcoin Open Interest Rises To High Values As pointed out by an analyst in a CryptoQuant post, the BTC open interest has now reached values where mass liquidations have taken place in the past. The “open interest” is an indicator that measures the total amount of BTC futures positions currently open on derivatives exchanges. The metric accounts for both long and short positions. When the value of the metric…