Tag: High

BTC price sets new 19-month high in ‘choreographed’ Bitcoin whale move

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Bitcoin (BTC) returned above $42,000 on Dec. 5 as analysis remained suspicious of market manipulation. BTC/USD 1-hour chart. Source: TradingView Analysis: New Bitcoin bids not “organic” Data from Cointelegraph Markets Pro and TradingView showed a BTC price rebound taking BTC/USD to highs of $42,498 on Bitstamp. These beat the 19-month peak set the day prior, with retracements being short lived amid a general atmosphere of excitement throughout crypto. As Bitcoin continued to reclaim ground lost in mid-2022, however, warnings over the rally’s sustainability continued to flow in. These centered on…

1.7 Million Addresses Hit 2-Year High

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Several on-chain metrtics demonstrate the growing optimism about Cardano (ADA). Concurrently, the cryptocurrency has managed to break through a significant resistance level against the backdrop of a bullish market attitude. Not only is Cardano seeing a boost in momentum, but top altcoins are also feeling the effects. Strong positions held by Bitcoin and Ethereum above $40,000 and $2,200, respectively, add to the overall favorable market dynamics. Cardano Network Transactions Rise Cardano has been steadily rising, and expert cryptocurrency trader Ali Martinez pointed out that the cryptocurrency’s consolidation in the middle…

Gold Price Shoots Past $2,100 Hitting New Record High, Rally to Continue

Several market analysts believe that the Gold price rally can continue further with the potential to hit $2,2000 by the end of 2024. Yellow metal Gold is making big moves with its price shooting to a new record high of $2,100 recently. Gold prices set a new record for the second consecutive day, reaching $2,100 amid a global surge in demand for bullion. Analysts predict that gold prices could continue to climb next year, remaining above $2,000, fueled by geopolitical uncertainty, a potential weaker US dollar, and anticipated interest rate…

Bitcoin breaks $41K as gold price reaches new all-time high

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The price of gold has broken through a new all-time high, surpassing the significant level of $2,100 during the Asian session on Monday, Dec. 4. Meanwhile, Bitcoin (BTC) has also surged above $41,000 for the first time in 19 months.  BTC/USD (blue) vs. gold price (orange) Source: Tradingview Bitcoin price breaks $40K…and $41K  Bitcoin has made a triumphant return to the $40,000 threshold, a figure unseen since the heights of April 2022. This included a swift 2% jump over 24 hours, marking a 19-month peak for the cryptocurrency. Wild tailwinds…

ORDI Shatters Records With New All-Time High In Bullish Surge

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BRC-20 tokens, commonly known as Ordinals, are experiencing major upward momentum as Bitcoin breaks past the $39,000 level. ORDI, the biggest of the BRC-20 tokens, is pulled up by BTC’s rally. According to CoinGecko, ORDI is up nearly 36% since yesterday, and currently trading at $32.42, it’s new all-time high.  This recent price action places ORDI under the limelight, putting enormous pressure on the bears while giving big gains for the bulls.  $39K Barrier Broken: What’s Next?  The market is encountering a slight rally with Bitcoin gaining momentum on the…

BTC price nears $40K as as Bitcoin trader eyes return to all-time high

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Bitcoin (BTC) held closer to the $40,000 mark on Dec. 3 after weekend gains reinforced a “strong” uptrend. BTC/USD 1-hour chart. Source: TradingView Bitcoin leaves $60 million in shorts hanging Data from Cointelegraph Markets Pro and TradingView tracked a fresh BTC price surge, which took BTC/USD to new 2023 highs of $39,730. These built on upward momentum, which had entered days prior, as Bitcoin hit $39,000 for the first time since mid-2022. With derivatives leading into the end of the Wall Street trading week, commentators had argued that spot buyers…

Ethereum Price Sets New 2023 High, Sets Sights On $3,000

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Ethereum price action is pushing higher over the weekend, setting a new 2023 high. The move is also a significant sign that an uptrend is forming. Could $3,000 be the next stop for Ether? Ethereum Sets New 2023 High, Uptrend In Progress ETHUSD has struggled to catch up to Bitcoin’s unstoppable dominance throughout most of 2023, but that could soon change. That’s because Ethereum is finally joining in on the bullish price action across crypto, making a new 2023 high. The move is also a local higher high. A series…

Dow Futures Slightly Up after closing at New 2023 High, Treasury Yields Remain Flat

Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year. On Friday, December 1, US Treasury yields remained without serious changes as investors were looking forward to hearing comments from Federal Reserve Chairman Jerome Powell that are expected to be voiced later today. The behavior of stock futures this morning is mixed.  Yesterday Dow Jones closed at a level that indicates a new high this year. As a result, November turned out to be the best month for Dow in more…

Digital Canadian dollar fails to impress despite high awareness

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A recent public consultation on Canada’s central bank digital currency (CBDC) initiative revealed an overall negative sentiment from Canadians, confirming the Bank of Canada’s concerns around its country-wide adoption. Through the ‘digital Canadian dollar public consultation,’ the Canadian central bank intended to identify a place for CBDCs in a world currently dominated by digital fiat payments such as credit cards. However, in a survey that amassed 89,423 responses, Canadians demanded regulations that would require merchants to accept cash as a form of payment. Awareness of a digital Canadian dollar. Source:…

Is $20 On The Cards? LINK Price Rides High With Staking Update

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Chainlink, a widely used distributed computing platform, has recently introduced an upgrade to its staking capabilities. Known as Staking v0.2, this new version adds an extra layer of security to the network and stands as a key component of Chainlink’s Economic 2.0 strategy. The anticipated duration for the migration of the protocol for the current v0.1 stakeholders is nine days. Users cannot transfer their staked LINK or the associated rewards to version 0.2 at this time. According to the most recent data, LINK was trading at a price range of…