Tag: High

Bitcoin reaches an all-time high in 14 countries

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Bitcoin has reached an all-time high in 14 countries, including Turkey, Argentina, Egypt, Pakistan, Nigeria, Japan, and Lebanon, despite trading 25% below its peak of $69,000.  The paradoxical situation underscores the significant depreciation of these nations’ currencies against the U.S. dollar (USD) over the past two years. The global financial market has been highly volatile in the past few years, as the appeal of cryptocurrencies like Bitcoin has increased in these countries as a hedge against economic instability. For instance, the Lira has seen a dramatic devaluation in Turkey, with…

BNB Token Hits 16-Month High as Binance Users Move $400M Tokens for Portal’s Airdrop Farming

“A lot of sentiment was around U.S. sanctions impacting Binance beyond just the U.S.,” David Alexander, research partner at Anagram, said in an interview via X direct messages. “In many ways, BNB’s performance is tied to the exchange, so if user activity and volume on the exchange suffered, this could spill over into the broader ecosystem of the BNB network.” Source

Sustainable Energy Usage Surges To Record 55% High

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Bitcoin, the enigmatic cryptocurrency known for its volatile price swings and digital gold status, is making a surprising play for a new title: sustainability champion. A recent analysis by Bitcoin environmental impact expert Daniel Batten reveals a remarkable surge in renewable energy use for mining, reaching a staggering 55%. This marks a significant shift from just four years ago, when the figure languished below 40%, and paints a picture of an industry undergoing a green metamorphosis. From Carbon Culprit To Clean Crusader? Bitcoin’s mining process, essential for creating new coins,…

Apecoin Climbs To 6-Month High Amidst Whales’ Strategic Moves

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Apecoin (APE) is experiencing a rollercoaster ride in 2024. After plummeting to an all-time low of $1.01 in October 2023, the Bored Ape Yacht Club governance token has experienced a dramatic turnaround, buoyed by strategic whale buying and a recent partnership with the Arbitrum network. However, with a 13% pullback in the past two days and lingering profit-taking concerns, questions remain about whether the bulls can defend key support levels and push the price back towards its former glory. At the time of writing, APE was flashing green, trading at…

Do Kwon’s Fate Sealed — Montenegro High Court Opts for US Extradition in Legal Tug-of-War

In a landmark decision, the High Court in Podgorica has ruled that the former Terraform Labs CEO, Do Kwon, will be extradited to the United States, sidelining South Korea’s request for his extradition. The court’s ruling comes after extensive deliberations on the legal and political implications of the extradition. Report Details Do Kwon’s U.S. Extradition […] Source CryptoX Portal

Alameda Research’s Worldcoin Investment Hits All-Time High, Exceeding $50M As WLD Price Climbs

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Worldcoin, the digital identity token ERC-20 project on the Ethereum (ETH) blockchain, has garnered significant attention. Its native token, WLD, emerges as the top performer among the top 100 cryptocurrencies by market capitalization.  The token has experienced a remarkable 31% uptrend in just 24 hours and a staggering 217% surge over the past fourteen days. This surge not only marks a new all-time high for WLD but also positively impacts Alameda Research, the now-bankrupt trading arm of the defunct FTX exchange, which holds a substantial stake in Worldcoin. Alameda Research’s…

Hedera (HBAR) Soars 50% To Mark New 20-Month High, Fuels Bullish Price Targets

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Hedera (HBAR), a decentralized public network known for its near real-time consensus and developer-friendly environment, has emerged as one of the top-performing altcoins in the cryptocurrency market.  As the overall market experiences a resurgence of bullish sentiment, HBAR has demonstrated impressive growth, positioning itself as one of the leaders among the top 100 cryptocurrencies by market capitalization. Trading Volume For HBAR Spikes 200% Over the past fourteen days, HBAR has recorded substantial gains, surging by nearly 50%. This upward momentum extends to the thirty-day and year-to-date time frames, with gains…

2 Reasons Bitcoin (BTC) Could Challenge Record High of $69K Before Halving

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Bitcoin hits 2-year high, traders expect more gains in February

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin (BTC) rose to a two-year high of $51,440 earlier on Feb.15. Given this bullish momentum and the favorable macroeconomic conditions, what price could Bitcoin reach in February? Bitcoin soars past $1 trillion market cap The BTC spike above $51,000 also saw the network’s market cap break above $1 trillion. This milestone comes as daily spot trading volumes continue increasing – with over $40 billion in BTC exchanging hands…

Bitcoin (BTC) Hits Record High in Yen (JPY) Terms, Reflecting Stress on Japan’s Fiat Currency

For instance, early Monday, the leading cryptocurrency, often considered digital gold, hit a new record high of 7.9 million yen on Tokyo-based cryptocurrency exchange bitFLYER. In contrast, the cryptocurrency’s dollar-denominated price stood above $52,000 or 32% short of the record high of $69,000 reached in November 2021, according to data from the charting platform TradingView. Source