Tag: High

How High Can Ethereum Price Go Right After Fed Rate Cut?

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Ethereum’s native token, Ether (ETH), has fallen 5.73% from its weekend high near $4,766, retreating as traders trim risk ahead of Wednesday’s Federal Reserve interest rate decision. ETH/USD daily price chart. Source: TradingView The pullback reflects caution in the market, but the bigger question is whether the Fed’s potential dovish shift could reignite Ethereum’s rally and how far its next move might extend. ETH price can rally 45% in a breakout scenario Ether bulls are defending the 20-day exponential moving average (20-day EMA; the green wave) near $4,450, showing resilience…

Stablecoin liquidity reaches record high

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Key Takeaways Stablecoin liquidity has reached a record high, indicating increased market activity. Stablecoins play a crucial role as liquidity providers in the crypto ecosystem. Share this article Stablecoin liquidity has reached an all-time high, marking a new milestone for the digital asset sector. The development represents the latest indicator of growing activity and capital flows within the crypto market, as stablecoins serve as key infrastructure for trading and transactions across digital asset platforms. Stablecoins, which are digital assets typically pegged to traditional currencies like the US dollar, function as…

Despite All-Time High ETH Prices, Network Revenue Drops 44% in August

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Ethereum revenue, the share of network fees that accrue to Ether (ETH) holders as a result of token burns, dropped by about 44% in August, even amid all-time high ETH prices. Revenue for August totaled over $14.1 million, down from July’s $25.6 million, according to Token Terminal. The drop occurred amid ETH rallying by 240% since April and ETH hitting an all-time high of $4,957 on August 24. Network fees also dropped by about 20% month-over-month, falling from about $49.6 million in July to about $39.7 million in August. Ethereum…

Bitcoin Mining Difficulty Reaches New All-Time High

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The Bitcoin (BTC) mining difficulty, the average difficulty level for mining a block on the network, climbed to a new all-time high of 134.7 trillion on Friday. Network difficulty hit a previous all-time high in August and steadily rose throughout the month, despite projections that network difficulty would decrease. Bitcoin’s hashrate, the average of the total number of hashes per second from all miners on the network, has fallen to 967 billion hashes per second, down from the all-time high of over 1 trillion hashes per second recorded on August…

Gold hits record high, Bitcoin tops $110K as traders raise bets on Fed cuts

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Key Takeaways Gold reached a record $3,508 and Bitcoin topped $110,000 as traders expect the central bank to lower interest rates in September. Crypto and gold markets surged, driven by a nearly 90% probability traders assign to an imminent Fed rate reduction. Share this article Gold notched a fresh high of $3,508 in Asian trading on Tuesday, while Bitcoin surpassed $110,000 amid growing bets the Federal Reserve will cut rates at its upcoming September 17 meeting. According to the FedWatch Tool, the probability of a quarter-point reduction has climbed to…

Dogecoin Overtakes Tether in Market Cap After Making New All-Time High

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Key Takeaways Dogecoin has posted year-to-date returns of nearly 7,000%. The meme coin continues surging while the rest of the market takes the backseat. If buying pressure continues mounting, DOGE could rise to $0.36 or even $0.52. Share this article Dogecoin continues its staggering advance thanks to a new wave of interest. Even after nearly 200% in gains, DOGE may just be getting started. Dogecoin Leads the Charts Dogecoin has stolen the crypto spotlight after skyrocketing by a more than 180% in the last 24 hours. While the rest of…

Ethereum Breaks $2,500 All-Time High

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Share this article Crypto’s leading smart contract platform, Ethereum, has set a new all-time high at $2,500.  Ethereum Sets New Record High Ethereum just crossed $2,500 for the first time in its history.  Source: TradingView The second-ranked crypto has enjoyed a parabolic run in recent months, fuelled by growing interest in the digital currency space.  Ethereum has fared particularly well over the last few days; it’s up over 25% in the last week.  Various other assets have soared amid heated market conditions. DeFi staples like Aave, Uniswap, and Synthetix all…

Dogecoin Price Doubles Overnight, Hits New All-Time High

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Key Takeaways Dogecoin’s market value has doubled in the last 36 hours. A further spike in buying pressure could see it rise another 8%. But the presence of whales on the network suggests DOGE could pump even more. Share this article Dogecoin made headlines after skyrocketing by more than 100% to make a new all-time high of $0.146.  Dogecoin Makes New All-Time High  Dogecoin has resumed its uptrend after consolidating for more than two months. Throughout the stagnation period, DOGE made a series of higher lows while the $0.0887 resistance…

Bitcoin Price Closes Record High Weekly, Could Conclude Cycle

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Bitcoin price is currently flirting with prices above $60,000, as the momentum of the ongoing bull market slowly begins to push the asset above the key resistance level. The start of a breakout through resistance might have began with last night’s historic weekly close – the highest ever recorded. However, despite what could be a clean bullish breakout, there’s a bearish factor lingering that could make this the last weekly close the high for some time. Bitcoin Price Closes Record High Weekly Candle Above $60,000 Bitcoin price has poked above…

Libra Vice Chair Unconcerned By High Profile Departures

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Dante Disparte, Vice-Chair of the Libra Association, said that he was unconcerned by recent high-profile departures from the project just two weeks after Vodafone became the latest name to ditch the proposed digital coin. Speaking to CoinDesk at the World Economic Forum in Davos last week, Disparte said that the Libra project was picking up pace despite huge regulatory resistance to the project and the departure of several of the association’s initial supporters, namely Mastercard, Visa, and Vodafone. He also said that the door remains open for those firms to…