NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Tezos Insanely Parabolic Bull Run Shows No Signs of Exhaustion

Yashu Gola
Yashu Gola
1 year ago
2 mins read
bitcoin, cryptocurrency

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Even a 30 percent crash has not deterred traders from buying Tezos (XTZ), a cryptocurrency that surpassed all its top rivals after staging a parabolic bull run in 2020.

The price of the tenth-largest blockchain asset was up 6.66 percent to $3.348 ahead of the European market open. The gains appeared as a part of wider altcoin recovery that saw other assets surge by some proportions. Tezos’ nevertheless remained one of the most profitable assets on an intraday basis, beaten only a thin-volumed Bitcoin SV.

https://twitter.com/OracleOfAlts/status/1226496825651232768

The cryptocurrency’s upside moves also followed a choppy sideways action which, in turn, came after it established an all-time high towards $3.85 on February 11. Traders utilized the top to take out short-term profits, sending prices down to as low as $2.75. But the move failed to turn into a full-fledged pullback.

Cut to today, the XTZ-to-dollar exchange rate is still holding a huge part of its gains, supported by a decent volume across all the leading exchanges. At the same time, it is showing no signs of buyers’ exhaustion.

Leverage Up

The Tezos’ upside momentum sustains mainly because of a string of optimistic market developments. Only recently, Hong Kong crypto exchange BitFinex announced that it is increasing leverages on its XTZ-enabled instruments. The firm said its traders could now trade XTZ/USD and XTZ/BTC pairs on a maximum leverage of 3.3x.

Earlier, the maximum leverage available was 2x.

We have updated margin trading on @Tezos!

From today, #Tezos pairs (XTZ/USD), (XTZ/BTC) can be traded with a lower initial equity of 30% and a higher maximum leverage of 3.3x. https://t.co/Tye562u7ju

— Bitfinex (@bitfinex) February 17, 2020

Bitfinex’s CTO Paolo Ardoino confirmed that they decided to raise the risk profile of Tezos pairs in response to growing market demand.

“[Tezos] is becoming a well established and liquid market on Bitfinex,” he said. [Thus, it is] time to switch gears and allow increased leverage to 3.3x.”

The announcement showed Tezos’ growth as a standalone token, as well as a proof-of-stake blockchain project. The cryptocurrency earlier gained recognition after top crypto exchanges, including Binance and Coinbase, decided to offer XTZ staking services on their platforms. The announcement had also sent the altcoin’s prices higher.

Now with BitFinex, traders with higher risk appetite could speculate on XTZ trades for exponential yields. Increasing leverage is likely to boost the cryptocurrency’s demand.

Trading Tezos

So it appears, XTZ is consolidating sideways in a range defined by $3.496 as interim resistance and $2.849 as interim support. The crypto is more likely to fluctuate between the two levels: with a bounce from support creating a long opportunity towards the resistance and a pullback from the resistance offering a similar short opportunity towards the support.

bitcoin, cryptocurrency, tezos
Tezos (XTZ) trending sideways | Source: TradingView.com, Coinbase

A break above $3.496, on the other hand, could have traders extend their upside target towards the all-time high, i.e. $3.85. Similarly, crashing below $2.849 could have bears treat $2.45 as their primary downside target.

Tweet123Share242ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

比特幣大戶加倉:內部人士推薦BTC期權幣Bitcoin Hyper潛在升幅1000倍!

當比特幣在2025年第三季度初重拾漲勢,市場不僅再度聚焦主流資產本身,更將目光轉向那些受益於比特幣上漲所帶動的衍生敘事。在這一輪尚未完全爆發的牛市前夕,Bitcoin Hyper($HYPER)作為一...

Kelvin Lee 2 hours ago
Solana (SOL) Rockets Over 10%

Solana (SOL) Spikes to $160 — Will Bulls Power Past This Wall?

Solana started a fresh increase above the $155 zone. SOL price is now consolidating gains and might struggle to rise...

Aayush Jindal 3 hours ago
Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

Is Bitcoin Ready to Pop? Analyst Warns of Sell-Side Liquidity Squeeze as Whales Take Over

Bitcoin continues to hover just below its previous all-time high, consolidating around the $109,000 mark despite a modest 1.9% gain...

Samuel Edyme 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Consolidates Below All-Time High as Spot Market Drives Momentum

Bitcoin Consolidates Below All-Time High as Spot Market Drives Momentum

Samuel Edyme 23 minutes ago

Bitcoin Rally Ahead? DXY Breakdown Suggests Capital Shift To Risk-On Assets

Ash Tiwari 1 hour ago

Илон Маск собирается создавать политическую партию против Трампа

lisachaikina 2 hours ago

Premium Sponsors

Press Releases

  • MEXC DEX+ Super Fest Season 5 Launches with a 200,000 USDT...

    8 minutes ago
  • Bitget Burns 30M BGB Worth $138 Million for Q2 2025

    1 hour ago
  • Ripple XRP Investors Making $10,9700 Per Day with This...

    6 hours ago
  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    17 hours ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    17 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.