RUNE is making its loudest move in weeks, surging 10.06% in just one hour to reach a current price of $0.547. This sharp increase reflects a notable uptick in trading activity, with the asset rising from $0.497. As momentum builds, traders are keenly observing the implications of this price action.
The broader crypto market shows mixed signals, but RUNE’s recent price action stands out against the backdrop. Over the past hour, RUNE experienced a significant increase, driven by a notable surge in trading volume, which reached approximately $2.22 million. This level of activity suggests heightened interest among traders, potentially leading to further upward momentum. As RUNE approaches its recent high of $0.547, traders are assessing the implications for short-term price movements.
RUNE’s current price of $0.547 marks a significant rise from its recent low of $0.463. The asset has shown a 24-hour percentage change of 9.84%, with the trading volume indicating robust activity. The price action, combined with a recent high of $0.547, reflects increasing trader engagement and potential bullish sentiment in the market.
The recent surge in RUNE’s price may be attributed to an overall increase in trading volume, suggesting strong interest from market participants. The lack of a confirmed catalyst hints that traders are reacting to broader market dynamics and potential sentiment shifts, as the crypto space continues to exhibit volatility. Observing such movements can provide insight into trader sentiment and future price action.
What Traders Are Watching Next
Traders are closely watching key support and resistance levels for RUNE. The next resistance sits at $0.55, with support seen near $0.50. A break above this resistance could signal continued bullish momentum, while a drop below support may prompt a reevaluation of market positions.
The post RUNE Climbs 10% in 60 Minutes, Is $0.60 Within Reach? appeared first on Coinfomania.
The Justice Department and FBI have seized the domains behind QScan and QTRouter, two platforms run by China state-sponsored hackers whose victims include NASA, the
StarkWare researcher Avihu Levy has tested an experimental quantum-resistant transaction on the Bitcoin mainnet, in what the company described as the first transaction of its kind. According to StarkWare, the transaction was confirmed Wednesday in Bitcoin block 964,199. Onchain data shows that it spent a 10,000-satoshi output protected by Levy’s Quantum Safe Bitcoin (QSB) scheme, with MARA Pool mining the block after receiving the transaction through its Slipstream service. Levy’s paper and code repository said QSB combines hash-based one-time signatures with computational searches that bind an authorization to a specific transaction. The construction is intended to prevent forgery even if a quantum computer breaks the elliptic-curve cryptography Bitcoin uses.The test moves Levy’s April proposal from theory to an onchain demonstration, showing that Bitcoin’s existing consensus rules can accommodate one form of quantum-resistant spending without a protocol change.Quantum-resistant Bitcoin method remains costlyIn March, Google researchers estimated that a sufficiently capable quantum computer could theoretically derive a Bitcoin private key nine to 12 minutes after its public key becomes visible. Google said that could allow an attacker to replace a pending transaction during Bitcoin’s confirmation window. Levy then introduced QSB in April, estimating at the time that generating a transaction would require between $75 and $150 in GPU computation. He described it as a last-resort measure rather than a replacement for protocol-level protections.StarkWare spokesperson Nathan Jeffay told Cointelegraph that the completed transaction cost “low hundreds of dollars,” estimating the expense at around $150 to $200. StarkWare’s release said the process took hours of computation.Related: Banks, regulators join quantum-resistant crypto transfer pilotLevy’s repository also classifies QSB transactions as nonstandard under Bitcoin Core’s default relay policies. StarkWare said ordinary nodes therefore would not propagate the transaction before confirmation, requiring it to be submitted directly through MARA’s Slipstream service.QSB applies to individual Bitcoin transactions rather than upgrading cryptography across the network. “A soft fork should happen, and I believe it will,” StarkWare CEO Eli Ben-Sasson said, adding that QSB provides a safety net while protocol-level protections are developed. Bitcoin developers are separately considering proposals including BIP-360, a proposed soft fork that would introduce a Pay-to-Merkle-Root output type while removing Taproot’s quantum-vulnerable key-path spend.Magazine: Supply absorption ‘key question’ as Bitcoin fails to reclaim $80K: Analysis
XRP briefly surged past $1.7 before stabilizing near $1.4. While the token appears to have hit a wall after a massive rally, whale withdrawals from
The gold price consolidated above $4,600 an ounce, rising as much as 0.7% and recovering part of Wednesday’s pullback. Investors are weighing the Federal Reserve’s
Blockchain Bodega is here and you know the vibes. We’re at the intersection of hip-hop culture and web3, exploring this new digital frontier. Who better to guide you through these uncharted lanes than Ock Chain – The Bitcoin Boss and the Consensus Corner Boys?
Ock Chain doesn’t just cook up random details about cryptocurrency; he lives it. Ock’s been deep in the game since Bitcoin was just a baby.
And let’s not forget about the Consensus Corner Boys. They’re our skilled crew of blockchain enthusiasts. They’re here to educate, entertain, and enlighten.
Welcome to Blockchain Bodega!
Copyright © 2023 Blockchain Bodega. All rights reserved.