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Bitcoin, Ethereum Technical Analysis: Ethereum Nears $1,400, as Price Hits 10-Day High
6.10.2022
Ethereum moved closer to $1,400 on Thursday, as the token rebounded from yesterday’s sell off. The world’s second largest cryptocurrency rose to its highest point in almost ten days during today’s session, as markets were marginally higher. Bitcoin was once again trading above...
Bitcoin’s Total Network Hashrate Hits an All-Time High at 321 Exahash per Second
5.10.2022
According to statistics on October 5, the total computational power backing the Bitcoin network tapped a fresh all-time high reaching 321.15 exahash per second (EH/s). Just after the record high, the network’s total hashrate was coasting along above the 300 EH/s on Wednesday afternoon (ET)...
Bitcoin Hashrate Hits a New All-Time High – What Does This Mean for BTC Price?
5.10.2022
The total hashrate on the Bitcoin (BTC) network reached a fresh all-time high on Tuesday, despite consistently low bitcoin prices. The increase could be a sign that miners are now more optimistic about the bitcoin price.
According to data from Blockchain.com, the total hashrate this week reached...
Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion
5.10.2022
A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt...
Bitcoin miner profitability under threat as hash rate hits new all-time high
4.10.2022
Analysts say Bitcoin miners’ worst days are probably behind them, but the network's soaring hash rate and uptick in difficulty are weighing on profit margins
Biggest Movers: MATIC Hits 3-Week High, LINK up Almost 10%
4.10.2022
Polygon raced to a three-week high during today’s session, as bullish sentiment returned to cryptocurrency markets. Chainlink was also in the green, as the token surged for a second straight day, rising by almost 10% in the process. Overall, the global crypto market cap is up 3.06% as...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $20,000, USD Hits 2-Week Low
4.10.2022
Bitcoin was back above $20,000 on Tuesday, as the U.S. dollar fell to its lowest point in two weeks versus several G7 currencies. The stronger dollar has impacted purchasing power in cryptocurrencies, and commodities like crude oil, which last week fell to a nine-month low. Ethereum was also...
Bitcoin’s Correlation with Gold Price Hits Yearly High
4.10.2022
Bitcoin and Gold reached a monthly average correlation of 70%, which is an all-time high. The previous peak was 60%, which was reached earlier in the second quarter of 2020. It indicates that investors treat Bitcoin as an asset like gold, and it has a store of value for the long term, especially...
NYDIG raises $720M as Bitcoin balance hits all-time high
3.10.2022
An SEC filing reveals NYDIG’s intent to raise $720 million while a recent press release shows the company’s commitment to HODLing
Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar
3.10.2022
A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One Nigerian currency dealer said he expects the naira to further depreciate to...
Germany’s Inflation Hits Double Digits for the First Time Since WWII, Parliament Reveals $195B Subsidies Package to ‘Make Prices Drop’
30.9.2022
Following the Covid-19 pandemic, the massive amount of stimulus, and amid the Ukraine-Russia war, Germany’s inflation has soared. Official data from Germany’s consumer price index (CPI) indicates that inflation jumped to a 10.9% annual pace in September and it’s the first time...
Nifty News: Enter the afterlife in style, Solana NFT game demo hits Epic store and more
30.9.2022
300 holders of the Spartan NFT will be able to spread their ashes at a 35-foot memorial to Spartan soldiers, to be built in Greece
Biggest Movers: QNT Hits 6-Month High, ATOM Falls to 20-Day Low
28.9.2022
While crypto markets were mostly lower on Wednesday, quant rallied to a six-month high earlier in the day. Today’s move came as the token broke out of a key resistance level, en route to its strongest point since March. Cosmos was another notable mover, dropping for a second straight...
Biggest Movers: LINK Hits 6-Week High, UNI up 16% on Tuesday
27.9.2022
Chainlink hit a six-week high during Tuesday’s session, as the token rose for a sixth consecutive session. The move saw the token rally past a key resistance level in the process. Uniswap was also in the green, with prices climbing by as much as 16% earlier in the day. Chainlink (LINK)...
GBP follows euro: The pound-dollar rate hits all-time low
26.9.2022
Reaching 1 GBP = $1.04, the pound has crash-landed, marking a record low against the U.S. dollar following the new prime minister’s budget announcements
Biggest Movers: DOGE Hits 1-Month High to Start the Weekend
24.9.2022
Dogecoin rallied to a one-month high to start the weekend, as markets marginally rebounded on Saturday. The token rose by as much as 10% in today’s session, racing past a key resistance in the process. Solana was another notable gainer, as it hit an 11-day high. Dogecoin (DOGE) Dogecoin...
Biggest Movers: XRP Hits Fresh 4-Month High, Token Climbs 50% This Week
23.9.2022
Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%. XRP XRP...
XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?
23.9.2022
The XRP price rally appears to be driven by a "buy-the-rumor" frenzy in a potential lawsuit win for Ripple versus the SEC
Biggest Movers: XRP Hits 4-Month High, ALGO up 17% on Thursday
22.9.2022
XRP moved to a fresh four-month high on Thursday, which comes as volatility in the crypto markets eased, following the latest U.S. Federal Open Market Committee meeting. The token rose past a key hurdle in today’s session, hitting its highest point since May. Algorand was another notable...
Bitcoin 'nuke' warning as Fed rate hike decision looms — dollar index hits 20-year high
21.9.2022
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000