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Biggest Movers: DOT Hits 12-Day High, UNI up for Fourth Straight Day

December 2, 2022 by admin

Polkadot rose to its highest level in nearly two weeks on Dec. 2, despite cryptocurrency markets sliding following the latest nonfarm payrolls report. The global crypto market cap is down 0.57% as of writing, as prices consolidated following the data being released. Uniswap was also higher, despite the turbulent sentiment on Friday. Polkadot (DOT) …

Biggest Movers: QNT Hits 6-Month High, ATOM Falls to 20-Day Low

September 28, 2022 by admin

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 session. Quant (QNT) Quant (QNT) …

Biggest Movers: LEO Hits 6-Week High, as NEAR Jumps Higher for Third Straight Session

August 31, 2022 by admin

Biggest Movers: LEO Hits 6-Week High, as Near Jumps Higher for Third Straight Session

LEO rose to a six-week high on Wednesday, as prices rallied for a fifth consecutive session. The move came as the token raced past a key resistance level, on its way to today’s peak. Near protocol was another notable gainer, climbing for a third straight day. UNUS SED LEO (LEO) Unus Sed Leo (LEO) …

Biggest Movers: DOGE Races to 3-Month High, XMR Hits Strongest Price Since June

August 16, 2022 by admin

Dogecoin moved to a three-month high on Tuesday, as prices of the token were up by over 15%. Today’s move comes despite crypto markets mainly falling, with the global market cap 0.21% lower as of writing. Monero was also up, hitting a multi-month high in the process. Dogecoin (DOGE) Less than 24 hours after …

Biggest Movers: BNB Hits 2-Month High, ETC Extends Recent Declines

August 4, 2022 by admin

After extending recent gains, bnb rose to its highest point in two months during today’s trading session. The move comes following tweets from Binance CEO Changpeng Zhao, confirming a new partnership with Swiss watchmaker Franck Muller. Ethereum classic, on the other hand, was lower for a second straight session. Binance Coin (BNB) BNB, the …

Biggest Movers: FIL up 25%, as DOT Surges to 6-Week High on Saturday

July 30, 2022 by admin

Filecoin was one of Saturday’s biggest gainers, as prices rose by as much 24% to start the weekend. The move saw the token reach its highest point since early June, and comes despite cryptos being mostly in the red in today’s session. DOT was also higher, as it too hit a multi-week high. Filecoin …

Biggest Movers: ETC Nears 10-Week High, as TRX Extends Recent Gains

July 27, 2022 by admin

Ethereum classic was approaching a ten-week high on Wednesday, as prices rose by over 14% in today’s session. These gains came as prices rose for a second consecutive day, with tron also extending recent gains during hump day. Overall, the crypto market cap is 1.51% higher as of writing. Ethereum Classic (ETC) Ethereum classic …

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

June 21, 2022 by admin

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto Miners in Iran to Halt Operations Again Due to …

Bitcoin’s Hashrate Hits an All-Time High Nearing 300 Exahash per Second

June 11, 2022 by admin

While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the difficulty increased by 1.29% on Wednesday. On the same day, at block height 739,928, Bitcoin’s hashrate tapped an all-time high (ATH) reaching 292.02 exahash per second (EH/s). Bitcoin’s Blockchain Secured by Close to Three Hundred Quintillion Hashes per …

Biggest Movers: AVAX, ALGO Among Crypto Losers as U.S. Inflation Hits 40-Year High

June 10, 2022 by admin

AVAX and ALGO both fell by nearly 10% on Friday, following the release of the latest inflation figures in the United States. Data showed that inflation is currently at 8.6%, which is close to a 40-year high. Both AVAX and ALGO moved close to one-week lows on the news. Avalanche (AVAX) AVAX moved close …

Biggest Movers: WAVES up Over 120% in the Last Week, XLM Moves Towards 3-Week High

June 3, 2022 by admin

WAVES was once again higher on Friday, with prices now gaining by over 120% in the last seven days. While WAVES soared, XLM also had a stellar showing, as it moved closer to a three-week high on Friday. WAVES While crypto markets have been either falling or consolidating over the past week, WAVES has …

Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law

May 12, 2022 by admin

Shanghai High Court Declares Bitcoin Is Virtual Asset With Economic Value Protected by Chinese Law

The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as a virtual asset protected by Chinese law despite the …

Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June

May 6, 2022 by admin

Strong US Dollar Posts 5-Week High, Markets Price in a 75 Bps Fed Rate Hike for June

While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday. Greenback Climbs Higher Amid Economic …

Ethereum’s Hashrate Taps an All-Time High as Miners Race to Mint ETH Before The Merge

April 9, 2022 by admin

Ethereum

While the Ethereum community is getting prepared for The Merge and the protocol’s transition to a full proof-of-stake (PoS) system, the network’s hashrate reached an all-time high (ATH) on April 7, 2022. On Thursday, Ethereum’s hashrate reached a high of 1.131 petahash per second (PH/s), jumping 13% in 89 days. Ethereum’s Hashrate Climbs 13% …

Technical Analysis: LUNA Hits New High, as Biden Signs Crypto Executive Order

March 9, 2022 by admin

Technical Analysis: LUNA Hits New High, as Biden Signs Crypto Executive Order

LUNA hit a new all-time high, as markets reacted to news that U.S. president Joe Biden had signed an executive order on cryptocurrencies. Biden wants his government to examine the “risks and benefits” of crypto, news of which sent the likes of NEAR and ANC almost 20% higher. Terra (LUNA) Following a bear run …

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