Bitcoin price hit another all-time high at $69,000 as Ether continued its long slog toward $5,000 after reaching a new high at $4,868 earlier today. Shortly after hitting this fresh milestone, however, traders began taking profit, leading to a nearly-$7,000 drop which plunged BTC price below $63,000.Interestingly, this morning's breakout initiated right as a report from the … [Read more...] about Bitcoin price briefly hits $69K ATH before plummeting back to Earth
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Bitcoin Cash Briefly Spikes on Fraudulent Press Release
Bitcoin Cash (BCH) saw a sharp but short-lived uptick in its value on Friday after the publication of a fraudulent press release claiming that U.S. supermarket giant Kroger would be accepting the cryptocurrency as payment this holiday season.The crypto rose over 4.6% from $602.63 at around 11.30 UTC to $630.70 less than 15 minutes minutes later following the fraudulent … [Read more...] about Bitcoin Cash Briefly Spikes on Fraudulent Press Release
Ethereum supply flips briefly into deflation as gas fees spike
The theoretical deflationary properties of Ethereum’s London upgrade last week have already been seen in action on the blockchain with almost 800 "deflationary blocks" produced.A spike in the Ethereum transaction fee burn rate has resulted in at least two hours when the supply was deflationary. The network has come under heavy load over the past couple of days which has … [Read more...] about Ethereum supply flips briefly into deflation as gas fees spike
Flippening? Record $10B Ethereum futures volume briefly outpaces Bitcoin’s
In the past 30 days, Ether (ETH) price decoupled from Bitcoin (BTC) to post a 67.5% gain, while the leading cryptocurrency price has barely moved. Ether's $3,605 all-time high on May 5 was responsible for boosting the asset's futures open interest to $10 billion.This movement brings up some crucial questions as the dominance of Bitcoin's derivatives markets appears to be … [Read more...] about Flippening? Record $10B Ethereum futures volume briefly outpaces Bitcoin’s
New altcoin era? Dogecoin liquidations briefly surpass Bitcoin
Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover.Various trends and metrics, such as social volume, trading volume, and liquidations in the futures market indicate that DOGE remains one of the most frequently … [Read more...] about New altcoin era? Dogecoin liquidations briefly surpass Bitcoin