Tag: High

Bitcoin Wallet Activity Touches 5-Month High, Will BTC Price Follow?

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Despite the less-than-impressive performance over the last few months, Bitcoin investors are still digging their heels deeper into the digital asset. This is evidenced by the continuous rise in wallet activity that has been recorded during this time. Bitcoin Wallet Activity Hits Highest In 5 Months In a Tuesday post, on-chain data aggregator Santiment revealed that there has been a significant uptick in Bitcoin wallet activity despite the BTC price downtrend. Apparently, while the market had fluctuated heavily due to regulatory uncertainties, Bitcoin investors held their own, especially in terms…

Franklin Templeton Aims High with Spot Bitcoin ETF Application

Financial giant Franklin Templeton has applied to the SEC for approval to launch a Bitcoin exchange-traded fund (ETF) named the Franklin Bitcoin ETF, with Coinbase as the custodian and trading on the Cboe BZX Exchange. Asset manager Franklin Templeton, a financial giant managing over $1.4 trillion on behalf of its clients, has submitted an application to the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). According to the filed application, the ETF would be named the Franklin Bitcoin ETF, with custody entrusted to Coinbase Custody…

Bitcoin liquidates $23M in shorts as BTC price tags new September high

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Bitcoin (BTC) extended volatility into the Sept. 8 Wall Street open as a classic “short squeeze” sparked new September highs. BTC/USD 1-hour chart. Source: TradingView Bitcoin offers a round trip to $24,400 Data from Cointelegraph Markets Pro and TradingView showed BTC price movements liquidating shorts and longs alike. Bitcoin had seen upside momentum the day prior, culminating in a trip above $26,400 after the daily close. A subsequent comedown nonetheless took BTC/USD full circle, and the pair was back under the $26,000 mark at the time of writing. Welp —…

Bitcoin all-time high in 2025? BTC price idea reveals ‘bull run launch’

Bitcoin (BTC) is about to test hodlers with a “mid cycle lull” before starting a bull run in late 2024, a new BTC price model states. According to its creator, popular analyst CryptoCon, the “November 28th Cycles Theory” demands the BTC price all-time high in 2025. Countdown to BTC price “bull run launch” Amid debate over the nature of the current Bitcoin four-year price cycle, CryptoCon believes that all may be simpler than many imagine when it comes to how BTC/USD behaves at a given time. Unveiling the November 28th…

Bitcoin all-time high in 2025? BTC price idea reveals ‘bull run launch’

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Bitcoin (BTC) is about to test hodlers with a “mid cycle lull” before starting a bull run in late 2024, a new BTC price model states. According to its creator, popular analyst CryptoCon, the “November 28th Cycles Theory” demands the BTC price all-time high in 2025. Countdown to BTC price “bull run launch” Amid debate over the nature of the current Bitcoin four-year price cycle, CryptoCon believes that all may be simpler than many imagine when it comes to how BTC/USD behaves at a given time. Unveiling the “November 28th”…

Chicago Fed Economic Model Sees U.S. Interest Rates High Enough to Tame Inflation While Avoiding Recession

“We estimate that although the majority of the effects on output and inflation have already occurred, the policy tightening that has already been implemented will exert further restraint in the quarters ahead, amounting to downward pressure of about 3 percentage points on the level of real gross domestic product (GDP) and 2.5 percentage points on the Consumer Price Index (CPI) level,” they noted. “The abatement of inflation occurs without a recession, as real GDP growth remains in positive territory throughout the projection.” Source

Bitcoin Alternative ‘Bitcoin BSC’ Launches Presale on Binance Smart Chain With High APY Staking

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Aiming to offer a Bitcoin alternative to investors during the bear market, Bitcoin BSC token is off to an explosive start in its presale, having already raised close to $50,000 in just 24 hours.  Investors have been dissatisfied with Bitcoin’s performance in recent weeks as the largest cryptocurrency is down 11% over the past month. On the other hand, Bitcoin clones like BTC20 and BTC 2.0 have outperformed the bearish crypto market and have shown remarkable bullish strength.  Bitcoin BSC is another such token that is generating tremendous enthusiasm amongst…

Turning Point For Bitcoin And Crypto? DXY At 5-Month High

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In a crucial development for the financial markets, the US Dollar Index (DXY) has surged to its highest level since March, marking a pivotal moment for Bitcoin and the broader crypto sector. The DXY, which gauges the Greenback’s performance against a basket of six major currencies, has extended its gains above the 104.000 mark in the past four day, reaching a five-month peak at 104.907. At press time, the DXY was trading at 104.773. From a technical standpoint, the DXY has exhibited a bullish bias, especially after surpassing the 200-day Moving…

New Shibarium Update Sets The Stage For Shiba Inu To Reach All-Time High

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The burning of SHIB tokens has become an important part of the Shiba Inu community. Each week, tokens are sent to a ‘burn’ address by community members as they try to reduce the supply of the token. This is why the introduction of a burn mechanism for the Shibarium Layer 2 network is a welcome development for the community. Lead Dev Says Shiba Inu Burn Portal Is Coming In a tweet shared on X (formerly Twitter) on Monday, Shiba Inu lead marketer LUCIE shared a much-anticipated announcement with the community.…

Worldcoin breaks an all-time high user record in Argentina

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Worldcoin, one of the world’s most discussed ID projects, broke an all-time high user record. The company registered 9,500 new users in the country in 24 hours. This means that every 9 seconds, a new user has registered on the platform. Worldcoin is a digital currency project that aims to create a global universal basic income (UBI) system. Sam Altman, who stands behind OpenAI, is its founder. Worldcoin’s vision is to distribute cryptocurrency to every person on…