Tag: higher

Bitcoin consolidates after $40K surge as analyst eyes weekly higher low for BTC price

[ad_1] Bitcoin (BTC) began a nervous weekend at around $39,000 on Feb. 26 after an overnight spike briefly saw $40,000 return. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks gains but crypto “fear” pervades Data from Cointelegraph Markets Pro and TradingView revealed calmer conditions for BTC/USD Saturday after overnight volatility saw highs of $40,330 on Bitstamp. With traditional markets closed, the probability of “fakeout” moves up or down was elevated thanks to thinner weekend volumes on crypto markets. The geopolitical turmoil focused on Ukraine and occupier Russia formed the backdrop for…

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Bitcoin Miners Driving Price Higher Kraken Report

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[ad_1] On-chain data suggests a supply shock appears to have led the bitcoin price to surge over 50% in October. “There has been little profit-taking from long-term holders” of BTC, a new Kraken report found. Miners are also stockpiling bitcoin, helping create a supply shock fueling higher prices. A supply shock seems to have contributed to the BTC price appreciating by more than 50% in October, a new report by Kraken Intelligence shows. Kraken’s October 2021 Bitcoin on-chain digest, entitled Shocktober, sheds some light on the overall Bitcoin network participants…

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JPMorgan Sees ‘Bullish Outlook’ for Bitcoin as Inflation Concerns Push BTC Price Higher – Economics Bitcoin News

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[ad_1] Global investment bank JPMorgan says inflation concerns are pushing the price of bitcoin to record highs, rather than interest in recently launched bitcoin futures exchange-traded funds (ETFs). Noting that investors are pulling out of gold ETFs into bitcoin funds, the firm noted, “The flow shift remains intact supporting a bullish outlook for bitcoin into year-end.” JPMorgan Sees Inflation Driving up the Price of Bitcoin JPMorgan Chase’s analysts, led by Nikolaos Panigirtzoglou, published a research note last week explaining that inflation has been driving up the price of bitcoin to…

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Bitcoin price consolidation leans toward ‘another leg higher’

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[ad_1] On Oct. 22 Bitcoin (BTC) price entered what some traders predict to be a “consolidation phase” as investors lock in profits following a non-stop run-up in price that began on Oct. 1 and saw BTC increase 55% in just three weeks.  Data from Cointelegraph Markets Pro and TradingView shows that a wave of midday selling on Friday dropped the price of Bitcoin from support at $63,300 down to the $60,000 level. BTC/USDT 1-day chart. Source: TradingView Here’s what market analysts are saying about Bitcoin’s current price action for the…

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Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners – Mining Bitcoin News

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[ad_1] Members of the parliament in Kazakhstan have proposed the establishment of a state register for cryptocurrency farms operating in the country. Alarmed by the growing consumption of energy in the sector, the lawmakers also want to charge miners a higher price for the electricity they use. Mazhilis Members Want Miners in Kazakhstan to Register With Government, Pay More for Power A group of deputies from the Mazhilis, the lower house of Kazakhstan’s bicameral legislature, have voiced concerns over the growing electricity demand. The parliamentarians believe the surge is due…

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NEM, Augur and District0x price push higher while Bitcoin trades below $32K

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[ad_1] Bitcoin (BTC) is on the verge of closing another week that saw the price dip closer to $30,000 but the same bearish observation cannot be made for all altcoins. On Friday, several smaller-cap altcoins managed to shake off the bearish assault and post-double-digit gains before traditional markets closed for the weekend.  Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24 hours were NEM (XEM),  Augur (REP) and district0x (DNT). Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro…

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Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation – Economics Bitcoin News

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[ad_1] The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain,” the Federal Open Market Committee (FOMC) said in a statement. The Meeting Before the ‘Meeting’ – Fed Expects Two Rate Hikes in 2023 After a number of market players waited for the Federal Reserve to reveal some signals, they got some on June 16, when…

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Range-bound Bitcoin price opens the door for altcoins to move higher

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[ad_1] Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new ‘altcoin season’ has commenced. Meanwhile, Bitcoin  (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level.  Data from Cointelegraph Markets and TradingView shows that since dropping to a low of $2,160 on April 25, the price of Ether has rallied 54% to a new record high at $3,324 on May 3 as Monday’s 12% spike…

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New partnerships send Holo (HOT), Wanchain (WAN) and Origin Protocol (OGN) higher

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[ad_1] On March 30 PayPal president and CEO Dan Schulman told Reuters that the online payment giant will allow its U.S. consumers to pay with cryptocurrencies when they transact with millions of its global merchants. This is a major step in the mainstream adoption of cryptocurrencies.  Crypto market data daily view. Source: Coin360 In other news, the Chicago Mercantile Exchange plans to launch a new Micro Bitcoin (BTC) futures contract on May 3, which will enable investors to precisely hedge their Bitcoin risk. This also means that smaller investors who…

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