Tag: High

XRP Whale Activity Peaks At 3-Month High As Smart Money Buys

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XRP has witnessed a remarkable surge of over 29% in its value over the last 12 days. The price has risen from $0.4771 to a two and a half month high of $0.6209 yesterday. Sharks And Whales Make A Splash This impressive price hike coincides with an increase in whale transactions as well as the number of wallets holding more than 10,000 XRP (worth approx. $5,930), indicating heightened interest from retail investors as well as large investors, commonly referred to as “whales” in the crypto community. On-chain analytic firm Santiment…

Bitcoin Solid Above $34,000 Despite High Short-Term Holder Profit-Taking

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Bitcoin has shown some impressive strength above the $34,000 mark despite a high amount of profit-taking from short-term holders. Bitcoin Short-Term Holders Are Selling, While Long-Term Holders Are Still Quiet As explained by analyst James V. Straten in a new post on X, the short-term holders are currently participating in one of the strongest profit-taking events of the past couple of years. The “short-term holders” (STHs) here refer to all those Bitcoin investors who have been holding onto their coins since less than 155 days ago. This group comprises one…

Aptos Hits Record TVL High

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Since the second week of October, there was a noticeable surge in demand for Aptos’ native cryptocurrency APT. This increased interest led to a robust phase of Total Value Locked (TVL) growth. Ultimately, this surge in demand for APT resulted in Aptos achieving its highest-ever TVL value of $74 million during the trading session on Thursday, October 26th. This surge in TVL is a crucial metric for decentralized finance (DeFi) platforms, showcasing the total value of assets, tokens, or cryptocurrencies locked within the platform’s smart contracts. Aptos TVL. Source: DefiLlama…

Crypto Analyst Says Bitcoin Is At A High Premium, How To Trade It

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Bitcoin is facing resistance at its yearly high of the $35,000 mark amidst a few days of eventful price action. Right now, all things seem poised for a retracement, considering past price action of the cryptocurrency after sudden price surges.  However, according to some crypto analysts, Bitcoin is currently trading at a high premium. This means its price is inflated right now due to all the excitement and media attention. Data from crypto behavior analytics Santiment has shown euphoria regarding Bitcoin among investors on social media posts. This euphoria has…

Microsoft Beats Q1 2024 Revenue Expectations with High Demand for Cloud Services

According to the earnings report, Microsoft’s commitment to AI-driven solutions yielded remarkable results, with the Azure OpenAI Service witnessing a significant rise in its customer base. Microsoft Corp (NASDAQ: MSFT) performance in the fiscal Q1 2024 surpassed projections, triggering a significant surge of 6% in the company’s stock during the extended trading session on October 24. The company’s recent revenue report and quarterly revenue guidance released on Tuesday exceeded market expectations. Earnings per share for the quarter amounted to $2.99, outperforming the expected $2.65. Moreover, the company’s total revenue reached…

Crypto market sentiment at highest point since BTC’s $69K all-time high

Bitcoin (BTC) market sentiment has returned to levels not seen since its price reached $69,000 in mid-November 2021, according to the Crypto Fear & Greed Index. The index is now at 72 out of a total possible score of 100, placing it within the “greed” ranking — a six-point increase from Oct. 24 and a 16-point bounce from its 50-point “neutral” rank on Oct. 18. The strengthening market sentiment follows a wave of excitement that BlackRock’s spot Bitcoin exchange-traded fund (ETF) could be inching toward approval by the United States…

FT fork halts citing ‘high costs’, users note $336K in teams’ multisig

An Arbitrum-based Friend.tech clone has decided to slam the brakes ahead of its promised airdrop due to unsustainable operational costs, leaving users befuddled while noting the team’s healthy multisig wallet.  Pseudonymous Cipher Fan creator, Zatis, announced the projects shut down on Oct. 24 just hours before its CIPHER token airdrop was set to launch as a reward to active users. The would-be socialfi contender debuted roughly two weeks earlier. Zatis said the Cipher Fan’s business model is non-profitable and the app is rife with bot activity rather than real users. …

BTC Drive by Institutions Sends Open Interest on Chicago Mercantile Exchange to Record High

The breakout above the $31,800 resistance level coincided with a drop in open interest, a metric that assesses the notional value of all derivatives positions, across crypto exchanges, according to Coinalyze data. The decline, which reflects retail investor interest, contrasts with open interest on the Chicago Mercantile Exchange (CME), a venue favored by institutions, topping 100,000 bitcoin ($3.4 billion) for the first time. Source