First Mover Asia: Crypto Concerns Weigh on Taiwan PC Component Makers' Stocks; Bitcoin Springs to 3-Month High

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

With Ethereum’s transition to proof-of-stake and away from proof-of-work, miners no longer need all the graphics cards they hoarded over the last few years; bitcoin hits a 3-month high. thesamreynolds and JPRubin23 report

The largest cryptocurrency by market capitalization shot past $46,800 at one point, rising over 4% over one two-hour period to reach a three-month high. Bitcoin has gained over 12% since last Sunday after climbing six consecutive days, although it remains off its $47,200 starting point in 2022.

Ether and most other major cryptos were also blooming. The second largest crypto by market cap followed a similar pattern to bitcoin on Sunday and was changing hands at over $3,270, its highest level since early February. Solana, Cardano and Avalanche, among other altcoins were well into the green. Popular meme coins for Dogecoin and Shiba Inu, were up about 6% and 3.4%, respectively.

DiPasquale said that Bitcoin had had"a strong week, especially given the quarterly options expiry" on Friday and noted that Bitcoin had"shown resilience" following the Federal Reserve's decision last week to raise interest rates and the continued escalation of Russia's invasion of Ukraine with its economic fallout.

But he was also cautious in his appraisal of the coming days."While market participants are starting to get bullish and the fear and greed index is at neutral, BTC bulls will want to see the price consolidating above $46,000 for further continuation," he said."The coming week is also important as it marks the end of the quarter and we could see increased volatility after that."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

thesamreynolds JPRubin23 I'm glad that getting interesting graphics cards for PC will now be much easier

thesamreynolds JPRubin23 I'm waiting for raise of Tether.

thesamreynolds JPRubin23 If you Missed ZoroInu x60, LufyInu x40 ? Would you skip this project 🔥 Don”t miss Portgas D.Ace Token 🔥 ——————————————- 🌈 Fairlaunch on Pinksale 🛡 No Dev Wallet 🔥 Hot Top Trending Comic 🫂 DEV relinquishes ownership 👉 Telegram: PortgasDAceBSC

thesamreynolds JPRubin23

thesamreynolds JPRubin23 YUSH SO NICE ! COOL ! ME NAME If you want to save 40% transaction fee

thesamreynolds JPRubin23 If you want to save 40% transaction fee LOOK ME NAME 🥰😍

thesamreynolds JPRubin23 The Bitcoin community contains some of the most insightful and interesting people you'll likely ever listen too. I recommend you to follow Candicestewartt for crypto news and trading tips i have earned and learnt a lot with her tips and prediction.

thesamreynolds JPRubin23 CassavaNetwork turns any online application into a crypto-enable app that is able to rewards users

thesamreynolds JPRubin23 Yeah but still beacon chain hasn't launched right? People are thinking by short run reasons to not stake their eth!

thesamreynolds JPRubin23 QPC tokens in HOTBIT exchange ready to grow, do not miss,

thesamreynolds JPRubin23 There're always alternatives. It doesn't mean alternatives are good or better than Ethereum Hype & speculation are factors that make ETC Ethereum Classic has taken off recent days Proof of stake, hybrid PoS-PoW, etc. might be trend for future but there'll be PoW for miners

thesamreynolds JPRubin23 zoroinu

thesamreynolds JPRubin23 BTC + ETH + BNB 🚀🚀🚀

thesamreynolds JPRubin23 The web3 looks interesting now.

thesamreynolds JPRubin23 Sell all and buy Azero 🚀🚀🚀🚀🚀🚀

thesamreynolds JPRubin23 XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

thesamreynolds JPRubin23 $CISLA 🏝️ While we are working on the rebranding we are also slowly moving to Discord! Check out our discord channel and go see all our subchannels! CryptoIslandDAO Crypto ALTSEASON Bitcoin

thesamreynolds JPRubin23 Does this mean i can get a ps5 now?

thesamreynolds JPRubin23 As if they wouldn't just use them to mine something else.

thesamreynolds JPRubin23

thesamreynolds JPRubin23

thesamreynolds JPRubin23 I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking. You guys should Follow Edmo360 he knows his stuff when it comes to BTC and other Cryptos, his tweet have been really helpful over the years

thesamreynolds JPRubin23 🚀🚀Important Sense RadioCacaNFT NFT will be $1.🚀🚀

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines