Interest in Bitcoin skyrockets as armed conflict intensifies between Ukraine and Russia
Citizens in Ukraine are purchasing more of the leading cryptocurrency than ever before to protect their asset holdings as the country continues to defend itself from the Russian military invasion. A new report by Arcane Research found that Ukrainians were using leading crypto exchange Binance to purchase Bitcoin and stablecoin Tether with their local currency, the hryvnia.
Uniswap monster rally at risk of slowing, UNI could pullback to $9.25
Uniswap price has outperformed nearly every primary cryptocurrency over the past week. From February 24, 2022, to today, UNI rose nearly 44%, from $7.54 to $10.83. Bulls were able to rally UNI above the Kijun-Sen, but global concerns regarding Russia and commodity markets may cause Uniswap to give back some of those gains.
Decentraland bulls anticipate spike that will send MANA to $4.50
Decentraland price closed Monday with an 11% gain, completing the strongest daily candlestick close since January 31, 2022. Buyers hoped that the momentum would convert into a significant bullish breakout above the Ichimoku Cloud, but MANA has ultimately been hit by the same uncertainty that affected other risk-on assets.
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Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.
Shanghai court confirms legal recognition of crypto ownership
A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
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