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Biggest Movers: QNT Hits 10-Month High on Saturday
15.10.2022
Quant rose to its highest point since the start of the year on Saturday, as prices climbed for a third straight session. In addition to this, tron was also higher, as the token attempted to break out of a key resistance point. Overall, cryptocurrency markets were down 1.95% as of writing. Quant...
BTC price hits 3-week lows on US CPI as Bitcoin liquidates $57M
13.10.2022
Predictable but unsettling chaos hits crypto markets as U.S. inflation data sparks a rout to $18,200 for BTC
Bitcoin Price Prediction – US Inflation Hits 40 Year High, Fuels Big Rate Hike Sentiment
13.10.2022
Most cryptocurrencies experienced a bloodbath during the US session, with a dramatic selling trend following the release of US CPI figures. Recalling our Asian session Bitcoin price prediction, Bitcoin has traded dramatically bearish, losing more than 3% to trade below $19,000....
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BTC price wobbles on US PPI as Bitcoin futures open interest hits peak
12.10.2022
Bitcoin-denominated futures open interest hits 660,000 BTC despite volatility remaining comparatively flat
Ripple boss tips when SEC case will end as Hoskinson hits back at XRP army
12.10.2022
Optimistically speaking, Brad Garlinghouse thinks the case will be concluded in 3-4 months, though it could take longer
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...
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...
Bitcoin’s Correlation With Gold Hits Highest Level in Over a Year
6.10.2022
But the relationship between gold and bitcoin remains only mildly strong
Ethereum open interest hits $7.7B, raising the chance of a short squeeze above $1.5K
6.10.2022
The Ether futures premium remains negative, while options markets are pricing similar risks for bulls and bears
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...