Tag: Price

Dogecoin doubles in a day as YTD gains hit 5,000%, while Bitcoin price dips

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Dogecoin (DOGE), the meme-based altcoin that has become a favorite talking point of Elon Musk, has doubled in 24 hours to hit all-time highs of $0.29. DOGE/USD 1-hour candle chart (Bittrex). Source: TradingView DOGE leaves others in the dust Cointelegraph Markets Pro and TradingView showed DOGE/USD outperforming other major cryptocurrencies by an order of magnitude on Friday. In what appears an almost unbelievable move, Dogecoin has also become the eighth-largest cryptocurrency by market capitalization, surpassing Litecoin (LTC), Chainlink’s LINK and Uniswap (UNI), among others. At the time of writing, a single DOGE was trading…

Google Cloud integrates Band Protocol for real-time crypto price data

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Google Cloud is incorporating core technology from Band Protocol, a decentralized oracle service, to enable “immediate and accurate analysis of financial time series data,” according to Kevin Lu, head of business development at Band. Lu announced Thursday that Band’s Standard Dataset is now live on Google BigQuery, an enterprise data warehouse powering ultra-fast SQL queries. Lu described the partnership as “one of the direct collaborations with the Google Cloud team to enable traditional, hybrid blockchain and cloud applications to be built which use decentralized oracles.” He continued: “Our teams are…

New ‘inverse’ Bitcoin ETF now lets investors short BTC price

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Bitcoin (BTC) investors in Canada have two more outlets for BTC exposure this week — and can now even bet on a price crash. In a press release on April 14, Horizons ETFs Management confirmed that its two new exchange-traded funds (ETFs) would start trading on the Toronto stock exchange Thursday. Horizons: Bitcoin has “polarizing views” Already a pioneer in the regulated institutional investment space for Bitcoin, Canada has now given the go-ahead for the first such fund dedicated to Bitcoin price losses, not gains. Dubbed the BetaPro Inverse Bitcoin ETF (BITI),…

Bitcoin price drops to near $61K shortly after COIN lists on Nasdaq

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Following months of build-up and speculation, Coinbase (COIN) listed on the Nasdaq and in true cryptocurrency fashion, opening day trading was a volatile affair that may have had a widespread effect on the cryptocurrency market. COIN’s reference price was initially $250 but the stock opened at $381 and rapidly rose to a high of around $429.54 before reversing course to $310 once the initial frenzy died down. Typically, stocks are quite volatile on their first day of trading and COIN is no exception to that trend. Therefore, the success of…

VeChain to Consolidate Before Next Major Price Movement

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After a recent poll that deemed VeChain one of the most undervalued altcoins in the market, VET embarked on an uptrend that has seen it make new all-time highs.  VeChain May Slow Down  Salesforce’s decision to start testing enterprise adoption ideas on top of the VeChainThor blockchain has been the catalyst that pushed this cryptocurrency to new horizons.  VET’s market value has risen by nearly 70% since the announcement was made, going from $0.106 to a new all-time high of $0.176.  VeChain’s recent price action seems to have shaped a bull flag on…

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…

Here’s Why Bitcoin Price is Signaling Upside Continuation To $65K

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Bitcoin price started a fresh increase and it cleared the $62,000 resistance against the US Dollar. BTC traded to a new all-time high near $63,862 and it is likely to continue higher. Bitcoin extended its rise above the $62,000 and $63,000 resistance levels. The price is now trading well above the $62,500 level and the 100 hourly simple moving average. There is a bullish continuation pattern forming with resistance near $63,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to continue higher…

40K investors rush to buy RLY despite price pump

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Social token platform Rally has completed its first “liquid token sale” on crypto asset issuance platform CoinList, with 40,000 investors snapping up RLY tokens for $0.60 each between April 1 and April 4. The sale saw tokens distributed to investors at a set price despite RLY trading on exchanges since October, 2020. Token pricing was determined by a 20-day trailing average from March 11, 2021 to March 30, 2021 minus a 30% markdown to compensate for the RLY being locked up for 12-month a linear release. However, investors had the opportunity…

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…

Bitcoin bulls are confident even as a key BTC price metric hits a new low

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Newer traders might be unaware of this, but investors can also borrow BTC to margin trade a short position, thus betting on the price downside. This is why some analysts monitor the BTC, and USDT total lending amounts to gain insight into whether investors are leaning bullish or bearish. Interestingly, data shows that even as Bitcoin price aims for a new all-time high, the BTC to USDT borrow ratio reached its lowest level since Nov. 20 at OKEx. While this figure still favors bulls, it raises questions about what catalysts…