3 Reasons Bitcoin Demand Reached All-Time High in November
A special set of very unique circumstances has moved the global mainstream closer to Bitcoin than ever before. So let’s recap what has been driving Bitcoin demand, making it the hottest investment of 2016. 3 Reasons Bitcoin Demand Hit All-Time High. 2016 has been a very strong year for Bitcoin, from the halving going off without a hitch to the introduction of Segregated Witness, to the almost doubling of Bitcoin’s value in the marketplace. In fact, its trading volume hit an all-time high in November, according to Bitcoinity. A special set of very unique circumstances has moved the global....
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Bitcoin triumphantly rises once more, reaching an all-time high today at around 2PM London time in one of the most liquid exchanges: BTC China. Proclaimed dead or worthless so often by so many, the currency has been turning heads in the past few weeks when a two years long bull market accelerated around December the 20th, increasing bitcoin’s price from around $800 to almost $1,100 in just two weeks, while at BTCChina it reached an all-time high of just under $1,150 (7,990 CNY according to BitcoinWisdom) higher by almost 400 points than its previous all-time high of 7,588 CNY reached on....
Ethereum, the second-largest cryptocurrency by market capitalization, is currently in freefall. Over $124 billion in capital vanished from the Ethereum (ETH) decentralized finance (DeFi) in six weeks. Seven months ago, ETH reached its highest value ever at $4,891.70 on November 16, 2021. But it is now trading at around $1,100, which is less than 75.2% of its all-time high value. Related Reading | Controlling The Chaos: FTX Exchange Bails Out BlockFi With $250M The start of 2022 was unstable for the cryptocurrency market, particularly ETH, but in previous weeks, things have become much....
Bitcoin is surging. The exchange rate of the leading digital currency broke the $800 mark earlier this week, to reach a two-year high of about $875 today. The all-time high of over $1,100 or even over $1,200 depending on the exchange, may well be tested soon. Arguably, an even more important milestone has already been reached. Due to the increased number of bitcoins in circulation, Bitcoin breached its all-time market cap high measured in USD — in several ways. The Straight-Up All-Time High Market Cap. Probably the bluntest way to measure Bitcoin’s all-time high market cap is to take the....
Ethereum’s price has reached a key demand zone following an extended period of weakness against Bitcoin This demand zone is so far proving to be a strong support level for the cryptocurrency, but it still has a long way to go before it can gain any significant ground against Bitcoin One trader is now noting that it is only a matter of time before ETH’s price rockets higher He points to the strength of its […]
Ethereum has lost just over 80% of its value since reaching an all-time high in November 2021, but some market factors point towards it reaching $3,000 again. Let’s explore the reasons that it could become a reality and not just another hype phase that the crypto market has experienced so many times. Why Will Ethereum […]