Tag: High

BTC’s 20-month high: exploring Bitcoin’s potential rally

boss

Bitcoin starts 2024 by surpassing the $45,000 mark, setting a new 20-month high. What’s next? At the onset of 2024, Bitcoin (BTC) has made a leap, surpassing the $45,000 mark and setting a new 20-month high. As of this writing, BTC is trading at $45,465. In 2023, Bitcoin experienced an increase of 156%, indicating its strongest yearly performance since 2021. This surge was primarily driven by the anticipation of the approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S. Secondly, the expectation of major central banks cutting interest rates…

Sei V2 Code Is “Functionally” Complete, Audit Ongoing: New All-Time High Incoming?

boss

Taking to X on January 2, Jay Jog, the co-founder of Sei, Sei V2, is functionally “code complete” with Zellic and OtterSec, two blockchain security firms, auditing the code base. This development comes as the platform’s native coin, SEI, continues to surge, reaching all-time highs just four months after the launch of the high-performance blockchain in August. What’s The Big Deal About Sei V2? Once it launches in Q1 2024, Sei V2 will introduce a parallelized Ethereum Virtual Machine (EVM). According to developers, this model combines the best features of Solana and Ethereum,…

SOL Price Surges 10% As Solana Bulls Aim New High Above $125

Solana is up over 10% and gaining pace above $105. SOL price seems to be setting up for an upside break above the $125 resistance zone. SOL price started a fresh rally above the $100 resistance against the US Dollar. The price is now trading above $105 and the 100 simple moving average (4 hours). There was a break above a key contracting triangle with resistance near $104 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to rally if there is a…

Ethereum Bulls Sight New High In 2024 As BTC Pumps Above $45K

boss

Ethereum price is eyeing an upside break above the $2,440 resistance. ETH could rally like Bitcoin if there is a close above the $2,500 level. Ethereum is moving higher from the $2,250 support level. The price is trading above $2,350 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate higher if there is a clear move above $2,400 and $2,440. Ethereum Price Eyes Key Upside…

Bitcoin SV surges 102% in a week, reaching a near 2 year high

boss

Bitcoin SV continues its rally, crossing the $100 threshold for the first time since February 2022.  This significant uptick in price, representing an increase of over 102% within a week, is largely attributed to growing interest and trading activities in the South Korean market. The Korean cryptocurrency exchange Upbit has been a focal point of this heightened activity around BSV. Today, Upbit recorded a substantial $275 million in BSV trading volume.  The price jump follows an even more impressive trading day on Boxing Day last week, where the exchange saw…

Trias hits two-year high above $9 amid growing market interest 

Trias Token (TRIAS) recently clinched a two-year-high, rallying by nearly 27% over the last 24 hours amid an observable uptick in investor interest and demand. Since hitting a high of $8.5 on Dec. 22, Trias has traced a bearish trajectory, recording intermittent drops amid the bearish atmosphere surrounding the broader crypto market. Trias collapsed 19.8% from $8.5 on Dec. 22 to $6.81 on Dec. 26. TRIAS price and RSI – Dec. 28 | Source: Santiment The drop from Trias was not an isolated event, triggered by a similar price decline…

BSV rallies 66%, reaching 21-month high

Bitcoin SV’s (BSV) recent rally helped it reach a 21-month-high of $93.7 — a level last seen in early April 2022. BSV is up 66% in the past 24 hours and is trading at $91 at the time of writing. The asset’s market cap surged to $1.76 billion, making it the 51st-largest cryptocurrency. Data shows that BSV’s daily trading volume recorded a 617% rally, reaching $652 million. BSV price, open interest, funding rate and RSI – Dec. 28 | Source: Santiment Data from CoinGecko shows that the majority of Bitcoin…

Forget High Gas Fee Challenges, Ethereum Remains Bullish: Time To Buy More?

boss

Despite concerns over network congestion and high gas fees, Ethereum remains bullish in the long term, according to borovik.eth–a partner at Rollbit, who posted on X on December 26. The key factors driving the positive outlook are pointing to Ethereum’s developer ecosystem, its role in the broader blockchain ecosystem, and the launch of numerous Layer-2 solutions (L2s).  Will Layer-2 Activity Drive ETH To New Highs? Borovik.eth remained deviant and optimistic about ETH, even with Solana (OSL) and other layer-1 coins like Cardano (ADA) soaring in 2023. In the analyst’s view, Ethereum’s…

Bitcoin (BTC) Hashrate Hits New High but Profitability on Decline

In 2023, the Bitcoin hashrate has surged by a staggering 130% which shows growing competition and reduced profitability for miners. The computing power of the Bitcoin network, also known as the mining hashrate, hit a record high on Christmas Day, adding to the challenges faced by miners in the wake of declining profitability. Blockchain.com reported that on December 25, Bitcoin’s hash rate achieved an unprecedented level of 544 exahashes per second (EH/s), a data point corroborated by Bitinfocharts, which recorded an average hash rate peak over the weekend. This development…

VeChain Skyrockets By 77% To Reach New Yearly High, Analyst Bullish On VET Targeting $1.6

boss

In a remarkable display of bullish movement, the smart contract blockchain VeChain,  and its native token VET have emerged as significant players in the altcoin rally, experiencing an impressive surge of 77% since the end of November. Over the past seven days, VET has recorded a substantial 33.5% increase, with an additional 5.4% surge in the past 24 hours, propelling the token to reach a new yearly high of $0.03806, a level unseen since May 2022. This surge in VET’s value has generated substantial excitement among crypto analysts, who predict…