Tag: High

Ethereum Price Propels To 52-Weeks High, Here’s What Behind It

boss

Ethereum (ETH) has been experiencing an upward trajectory for quite a while now, reaching its highest yearly price point in the week and presenting an impressive 52-week high.  Ethereum’s Price Supported By Latest Developments  The Ethereum’s price surge can be traced back to several factors that have propelled the cryptocurrency’s growth. The asset reached its 52-week high of $2,137 on Thursday, November 9, as seen in the chart below.  ETH is currently trading below $2,100 | Source: ETHUSDT on Tradingview.com One of the factors that has contributed to the crypto…

Solana price hits a new 2023 high — What’s behind the SOL rally?

boss

Solana’s native token, SOL (SOL), experienced an impressive 22% surge on Nov. 10, breaking past the $54 mark for the first time since May 2022. Notably, this surge occurred amid the continuous selling of SOL tokens by FTX’s bankruptcy estate. The Delaware Bankruptcy Court approved the sale of the failed exchange’s assets, which included 55.75 million SOL, in September 2023. Investor enthusiasm for SOL’s price increase may be attributed to the fact that some of the tokens from the bankruptcy proceedings are either vested or locked. Furthermore, there’s a weekly…

Bitcoin (BTC) Funds Hit All-Time High Crypto Holdings as 125% BTC Price Rally Entices Investors

boss

Speaking to CoinDesk earlier this week, Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, suggested things have a long way to go before the spot ETF approval is priced in. Even with all the news hitting of late, it’s Hougan’s contention that the majority of financial advisors continue to believe a spot ETF isn’t coming until 2025 or later. Original

Bitcoin’s new high signals major market shift: analysis and predictions

boss

Explore the dynamics behind Bitcoin’s bullish run and the growing anticipation around a U.S.-based Bitcoin ETF. A deep dive into market trends and predictions. Over the past few days, Bitcoin (BTC) has demonstrated significant resilience and growth, marking a noteworthy trend in the cryptocurrency market. Amid a surge in trading volume, BTC price reached its fresh 52-week high of $37,926 on Nov.9. However, amid the volatility, the price retraced and trading at $37,100 as of Nov. 10. BTC price chart | Source: CoinMarketCap This recent rise is partly attributed to…

Bitcoin ‘Terminal Price’ hints next BTC all-time high is at least $110K

boss

Bitcoin (BTC) may next be a “sell” at at least $110,000 as its new bull cycle plays out, a classic on-chain indicator suggests. Data from on-chain analytics platform Look Into Bitcoin shows Bitcoin’s Terminal Price hinting at a possible six-figure BTC price top. BTC price to six figures next cycle? As BTC price action circles its highest levels in 18 months, forecasters are already considering how high it could go in the coming months and even years. After the next block subsidy halving in April 2024, targets include $130,000, with…

Bitcoin’s surge to new annual high cost traders $440m

boss

The total amount of liquidations on the crypto market over the past 24 hours approached $440 million. Most of the forced closed positions were in BTC and ETH. The rise in BTC price towards $38,000 cost short sellers $78 million. Market participants who opened short positions in Ethereum (ETH) also suffered significant losses due to the jump in the price of the second largest cryptocurrency by capitalization to the $2,000 mark, losing $52.7 million. Crypto market liquidations | Source: CoinGlass In the past 24 hours, 148,093 traders were liquidated, the…

Ethereum price hits 6-month high amid BlackRock spot ETF buzz, but where’s the retail demand?

boss

Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial announcement was made by @SummersThings on a social network, later confirmed by Bloomberg ETF analysts. The iShares Ethereum Trust has just been registered in Delaware. For context, BlackRock’s iShares Bitcoin Trust was registered in a similar manner 7 days before…

2 Years Ago, Bitcoin Hit an All-Time High. Is Another Rally on the Way?

boss

In other words, despite signs of a thaw, crypto winter may not be over. There’s hope that the months-long deep freeze drove out the riff-raff, while the brightest minds continued to build. And while a “killer app” hasn’t been found, it’s clear enough the industry has a committed user base. But along with the  institutional capital, supposedly waiting on the sidelines to be deployed after a BTC ETF goes live, are likely another wave of speculators and scammers. Original