Tag: High

Bitcoin Open Interest Surges To A 2-Year High, BTC Breaks Above $51,000

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Bitcoin’s open interest has surged past $11 billion for the first time in over two years. This uptick comes when the world’s most valuable coin surges, recently easing past $51,000, the highest level since December 2021.  Bitcoin open interest | Source: Kaiko on X Surging Open Interest And Order Book Imbalance According to Kaiko, a leading crypto analytics provider, this upswing in open interest comes at a critical time for the coin. When prices zoomed past $48,000 on February 11, there was an order book imbalance. Then, Kaiko observed there…

Crypto-Related Company Shares Rise Pre-Market as Bitcoin Tops $51K, Market Cap Hits 26-Month High

Bitcoin, the largest cryptocurrency by market value, added about 2.9% in the last 24 hours, while the CoinDesk 20 Index, a measure of the largest digital assets, rose around 2.1%. Ether {{ETH}}, the second-largest cryptocurrency, gained 3.2% to $2,754, the highest since May 2022, while the total crypto market cap touched $2 trillion for the first time since April that year. Source

Crypto Fear & Greed Index Hits Highest Level Since Bitcoin’s 2021 Record High

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Bitcoin options traders anticipating new all-time high

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Crypto investors are targeting record Bitcoin prices with increased call options activity on the market. Data from Bloomberg Intelligence highlights a marked rise in the activity for call options expiring on Mar. 29 at strike prices of $60,000, $65,000, and $75,000. This comes despite Bitcoin having achieved its all-time high of $69,000 more than two years ago, in November 2021. A high activity level in the options market indicates significant speculative interest and strategic positioning among Bitcoin investors.  When traders heavily invest in call options at strike prices above the…

Bitcoin zooms past $50K, records new February high

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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 is up 16% this week, breaking above $50K for the first time since December 2021. From spot rates, a 27% increase would catapult it to its all-time high. With that in mind, onlookers want to know its potential in February. BTC has no resistance The recent Bitcoin breakout was unexpected, with analysts anticipating a pre-halving ceiling of $48K. However, the recent Bitcoin pump reached highs of $50.2K and…

ERC-404 Euphoria Push Ethereum Gas Fees To 8 Month High

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The new ERC-404 tokens have swiftly taken the spotlight, dominating the cryptocurrency market and consistently attracting interest from investors and traders. This surge in euphoria has led to a substantial increase in Ethereum gas fees, pushing costs to their highest levels in the past eight months.  Ethereum Gas Fees Skyrocket Ethereum gas fees have surged to record highs, reaching unseen levels since March 2023, when the average gas price peaked at 101.26 Gwei. The sudden spike in Ethereum gas prices has been attributed to the recent hype surrounding ERC-404 tokens,…

These Altcoins Are Showing High Social Dominance After Recent Price Swings

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According to crypto intelligence platform Santiment, some altcoins have been enjoying increased attention from investors over the past few days. This comes as the crypto market continues to undergo a positive recovery from its recent slump in the aftermath of the Bitcoin ETF launch. These Altcoins Show Potential For More Profit: Santiment In a post on the X platform, Santiment revealed that three altcoins, including Chainlink (LINK), Immutable X (IMX), and Pyth (PYTH), have become assets of mainstream interest in the past few days.  This revelation is based on their…

Will BNB Continue To Drop Or Bounce Back To Create A New All-Time High?

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BNB, the native token of the Binance Smart Chain, experienced a drop on Friday, showing a huge red candlestick after opening at around $305 and moving downward toward $297.93. This downward move began with a rejection at $312.53 on Wednesday, thereby creating resistance at the same level. At the time of writing, the price still shows strong signs of moving downward to its previous support level of $300. If this support level is unable to hold, then the price might continue downward to the next support level at $263.93. But,…

Accumulation Trend Peaks At A 3-Year High – What’s Driving The Surge?

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According to data shared by renowned crypto analyst Ali, Bitcoin has recently witnessed a significant development in its investment dynamics, marking a notable shift in the crypto market. In a post on X published earlier today, Ali disclosed that Bitcoin is experiencing a substantial accumulation streak, which has not been seen in nearly three years. According to the analyst, this surge in the Accumulation Trend Score indicates the growing confidence among larger entities in the cryptocurrency market. Ali’s shared data further reveals that the Accumulation Trend Score for Bitcoin has…