Search
US CPI data signals high-price inflation
13.10.2022
The US markets are eyeing another hike in the rate by early November. If reports are to be believed, then the Fed has every intention of taking the shot in an attempt to lower inflation. S&P500 and Nasdaq 100 closed their doors on a lower note before receiving an 18-month low figure. According...
Bitcoin Price to Benefit From Record High Open Interest as YTD Volatility Weakens
13.10.2022
After reaching its all-time highest value of almost $67,800 in November 2021, the price of Bitcoin (BTC) has been on the decline ever since.
The pioneering cryptocurrency has halved in value since the start of the year and has demonstrated an overtly bearish trend for much of this period....
Biggest Movers: QNT Remains Near Multi-Month High, HBAR 11% Higher
12.10.2022
Quant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day. Hedera was another notable mover in today’s session, as it rose by as much as 11% earlier in the day. Overall, crypto markets are marginally down as of writing. Quant (QNT)...
'High Risk' Crypto Activity Surges in Eastern Europe Amid Russia-Ukraine War: Chainalysis
12.10.2022
Crypto activity determined as "high risk" and "illicit" has surged in Eastern Europe since the start of the Russia-Ukraine war, according to a report by blockchain analytics firm Chainalysis
Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer
11.10.2022
26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75...
Bitcoin, Ethereum Technical Analysis: ETH Falls to 9-Day Low Below $1,300
11.10.2022
Ethereum fell to a nine-day low during Tuesday’s session, as the U.S. dollar rose to a two-week high. The decline comes ahead of this week’s U.S. inflation report, which is expected to show consumer prices falling by 0.2% month-on-month. Bitcoin was also in the red during...
Biggest Movers: TRX Hits 4-Week High, MKR Remains Close to 2-Month Peak
10.10.2022
Tron rose to a one-month high in today’s session, hitting a key resistance point in the process. The surge in price comes despite cryptocurrency markets trading mostly lower on Monday. Another exception to this decline was maker, which remained close to an eight-week high. Tron (TRX) Tron...
Bitcoin Mining Difficulty Surges to an All-Time High, Network Prints 2022’s Largest Retarget Increase
10.10.2022
Bitcoin’s mining difficulty reached an all-time high on October 10, which means it’s more difficult than ever before to mine the leading crypto asset. Following the difficulty reduction on September 27, the network’s mining difficulty increased 13.55% higher at block height...
Bitcoin Mining Difficulty Surges to All-Time High, Putting Additional Squeeze on Miners
10.10.2022
Bitcoin mining difficult has soared by 13.55% to 35.6 trillion, its largest one-day rise since May, 2021, according to data from btc.com
Ethereum Sees Biggest Network Growth Day in 2022 – Number of Addresses Hits All-Time High
10.10.2022
The Ethereum network has seen its biggest one-day growth so far in 2022, with the total number of wallet addresses on the network hitting a fresh all-time high over the weekend. The growth indicates that the real-world utility of the network is rising.
Per data from the crypto analytics firm...
Over 12,000 Brazil companies declare crypto holdings in record high
10.10.2022
August figures released by Brazil's tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded
USD Index Starts Inching Toward Highs Again, Société Générale Economists Say Rebound Towards 114.8 Peak ‘Is Not Ruled Out’
9.10.2022
In 2022, the U.S. dollar has been very strong, despite the global economy’s downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a high of 114.8 and since then, the index has pulled pack and a recent analysis from economists at Société...
Terra Luna Classic Price Prediction – How High Can LUNC Rally By 2023?
9.10.2022
Terra Luna Classic price prediction is now bullish after LUNC bounced off the 50-day moving average support area of $0.00022525. Most of LUNC's bullish trend is driven by the new burn mechanism.
Binance, a cryptocurrency exchange, has created a new burn mechanism for the Luna Classic (LUNC)...
Biggest Movers: XRP Nears 5-Month High to Start the Weekend
8.10.2022
Xrp, the token formerly known as ripple, rose close to a five-month high on Saturday, despite the current red wave sweeping through markets. The token was trading marginally above a ceiling of $0.525, as bulls attempted to recapture recent highs. Cosmos was also higher, nearing a breakout of a...
Current Block Times and Estimates Suggest Bitcoin’s Mining Difficulty Is About to Catapult Much Higher
7.10.2022
As bitcoin is coasting along under the $20K region, the network’s hashrate is still riding high at 250.04 exahash per second (EH/s) following the all-time high (ATH) the hashrate tapped on October 5. At the time of writing, the current speed at which blocks are processed is faster than...
Biggest Movers: UNI Closes in on 5-Week High, While SOL Also Climbs
6.10.2022
Uniswap moved closer to its highest point since late August on Thursday, as the token extended recent gains. Today’s surge is the fourth consecutive day that prices have climbed, leading the token to break out of a key resistance level in the process. Solana was also in the green, recording...
'Violent' Bitcoin breakout due as BTC open interest nears all-time high
6.10.2022
Bitcoin futures open interest is almost higher than ever, but its composition is completely different from last year, analysis reveals
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...