Tag: High

ADA Price Ready To Reclaim $3.1 All-Time High?

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Cardano (ADA) could be on the path to breaking new price levels in the coming weeks, as indicated by on-chain data and adoption growth. The creation of new wallets on the Cardano blockchain has seen multiple spikes on various days since the beginning of February, showing a potential influx of new money into Cardano. According to on-chain data, new addresses on the Cardano network spiked 89% between February 22 and February. Similarly, this metric witnessed a 248% surge earlier in the month between February 1 and February 2. Such a…

Bitcoin Surges To New 26-Month High, ‘Whales Go Parabolic’ As Analyst Forecasts Rally Toward $60,500

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Bitcoin (BTC), the leading cryptocurrency, has experienced a surge of over 3.6% in the past 24 hours and an impressive 27% in the last month. These gains have propelled the Bitcoin price to reach a new 26-month high of $53,360 on Monday, signaling investors renewed optimism. BTC Whales Make Waves Adding to the bullish sentiment surrounding Bitcoin, crypto analyst Ali Martinez highlights the significant activity of the BTC whales, stating that “whales are going parabolic.”  Notably, In the past month alone, more than 150 new BTC addresses have appeared, each…

Market Expert Highlights Top Coins To Watch As Ethereum (ETH) Reaches 22-Month High

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Market expert Miles Deutscher has identified several key trends and developments in the cryptocurrency market, particularly focusing on the Ethereum (ETH) rally and its implications for Layer-2 (L2) decentralized finance (DeFi) altcoins.  Deutscher highlights that ETH’s recent surge to a 22-month high of $3,130 has sparked increased interest in L2/DeFi altcoins, presenting potential opportunities for investors. Ethereum Price Strength Continues In a recent post on social media X (formerly Twitter), Deutscher notes that Ethereum continues to show strength, especially compared to Bitcoin (BTC), which remains in a key consolidation phase…

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