Tag: High

Cardano (ADA) on verge of 20% breakout as social sentiment indicator hits 4 month high

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Cardano’s (ADA) price has managed a steady 13.5% in March after experiencing a 32% dip in February. The altcoin is still down 15% in Q1, but technical data is beginning to point to the continuation of the recent positive price action. Cardano 1-day chart. Source: Cointelegraph/TradingView Despite ADA price moving sideways between $0.78 and $0.70 over the past 10 days, social sentiment related to the altcoin has hit a new year-to-date high. Cardano’s “bullish” sentiment soars to 4-month high According to Santiment, an onchain intelligence platform, Cardano’s social sentiment exhibited…

Bank of Korea Rejects Bitcoin for Reserves, Citing High Volatility and Liquidity Concerns

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South Korea’s central bank has ruled out adding bitcoin to its foreign exchange reserves, citing extreme price volatility and failure to meet liquidity and investment-grade standards. This stance follows U.S. President Donald Trump’s March 6 executive order promoting bitcoin stockpiling. The Bank of Korea, responding to a query from Rep. Cha Gyu-geun, emphasized that reserves […] Original

Here’s How High The XRP Price Would Be If It Flips Ethereum’s Market Cap

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Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott’s experience spans a number of industries outside of crypto including…

Forget Solana, XRP may flip Ethereum first amid 5-year high

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XRP (XRP) price versus Ether (ETH) reached its highest level in five years over the weekend, extending its recovery. On March 15, the XRP/ETH pair touched 0.00128 ETH for the first time since April 2020. That amounts to a 925% rebound when measured from its all-time low of 0.00013 ETH established in June 2024 and approximately 620% gains since November 2024, when Donald Trump won the US presidential election. XRP/ETH weekly price chart. Source: TradingView XRP potential breakout versus ETH The XRP/ETH rally is fueling speculation among market watchers that…

Bitcoin Drags Its Feet as Gold Hits All-Time High

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The dominant cryptocurrency traded above $83,000, while gold soared past $3,000 for the first time, as tariff-wary investors chose it as a safe haven asset. Gold Soars Past $3K While Bitcoin Chugs Along Above $83K Bitcoin (BTC) saw modest gains over the past 24 hours, rising 0.76% to $83,486.74, though it remains down 6.14% over […] Original

Traders could be prepping to buy as USDT activity hits 6-month high

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Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts.   Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s (USDT) onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months. “When USDT & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering,” Santiment said. Onchain activity…

Bitcoin dominance hits new cycle high as post-election altcoin rally fizzles out: Matrixport

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Bitcoin dominance hit a new cycle high despite price correction as investors shift from altcoins, driven by stronger-than-expected U.S. job growth and the Federal Reserve’s hawkish stance. According to Matrixport, Bitcoin (BTC) dominance has surged to a new cycle high, surpassing 61%. Matrixport attributed this to two factors: a stronger-than-expected U.S. jobs report as well as the Federal Reserve’s increasingly hawkish stance. When job growth exceeds expectations, it suggests the economy is performing well. This often translates to higher interest rates or a delay in rate cuts, which reduces liquidity…

Solana revenue slumps 93% from January high after memecoin bubble bursts

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Solana network revenue and total value locked onchain have collapsed in the past two months as interest in memecoins has continued to taper off.  Weekly network revenue on the Solana blockchain hit a record high of $55.3 million in mid-January amid the height of the memecoin minting frenzy.  However, revenue has since tanked 93% to around $4 million in the past week, back to levels not seen since September, according to DefiLlama data.  Solana weekly decentralized application (DApp) revenue has also slumped around 86% from $238 million in mid-January to…

Why is Bitcoin price down 30% from its all time high?

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For seven weeks in a row, Bitcoin price has experienced several retracements, falling from its peak of $109,000 in January to a Mar. 11 low of around $77,000.  The drop has resulted in the loss of about 30% of Bitcoin’s (BTC) value and a significant decline of the broader cryptocurrency market. Over the past month, Ethereum (ETH) has fallen 29%, while Solana (SOL) and Dogecoin (DOGE) have had even more severe losses of 40% and 38%, respectively. According to a Mar. 11 report by market intelligence platform Santiment, Bitcoin’s slump…

Bitcoin has ‘more than 50% chance’ of new high by June: Cory Klippsten

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The chances of Bitcoin surpassing its all-time high of $109,000 by June are favorable, but the market first needs time to absorb volatile macroeconomic conditions, says Swan Bitcoin CEO Cory Klippsten. “I think there’s more than 50% chance we will see all-time highs before the end of June this year,” Klippsten told Cointelegraph.  However, he said that market participants first need to adapt to US President Donald Trump’s tariff threats and the uncertainty around inflation rates. Markets need time to digest “The market needs to first digest tariffs, trade war…