Ether (ETH) struggled to maintain its gains since the crypto market selloff on Saturday, hovering just above $3,100, while Bitcoin (BTC) also faced downside pressure and the broader CoinDesk 20 Index made modest gains over the past 24 hours; altcoins like Ondo Finance (ONDO), Render's RNDR, and The Graph (GRT) experienced significant gains.
The founder of DeFi protocol Curve, Michael Egorov, faced the risk of liquidation as the altcoin market crashed, with Curve's native asset dropping to $0.42.
Norwegian lawmakers have passed a new law regulating data centers and requiring them to report their energy usage, targeting crypto mining operations such as Bitcoin mining, which the government aims to discourage due to concerns about greenhouse gas emissions; however, industry experts argue that Bitcoin mining actually relies heavily on sustainable energy and that Norway's cheap and renewable hydroelectricity makes it an attractive location for miners.
The cryptocurrency market is expected to bounce back, with Bitcoin and Ethereum showing slight increases in value while XRP faces a potential drop.
Elon Musk has a track record of making bold predictions, many of which have not come to fruition, such as the development of AI, robotaxis, colonizing Mars, flying citizens around the Moon, and fully autonomous driving.
Bitcoin experienced a significant price drop, leading to debates about its future, with trader Peter Brandt suggesting it could be a turning point and a strategic maneuver called an "end run" that could result in a breakout in either direction for Bitcoin. Despite short-term uncertainty, Brandt maintains a bullish stance on Bitcoin's long-term potential. The recent price drop highlights the tension between fear and opportunity in the cryptocurrency market.
Swirling geopolitical risks in the Middle East have led to outflows of $118 million from Ethereum-based funds, while Bitcoin-based funds have attracted over $3.5 billion in inflows, as investors become hesitant and fears of drone attacks in Israel and regulatory concerns loom.
Cryptocurrency trader Alex Krüger predicts that Ethereum (ETH) will reach new all-time highs due to its usefulness, but cautions against overexposure to the asset and advises diversification to mitigate risks.
Bitcoin has rebounded above the $66,000 mark after a drop, with short-term holder whales' on-chain cost basis being put under pressure, but managing to stay above the level.
Bitcoin mining is evolving towards a greener future by adopting renewable energy sources and monetizing surplus power from early-stage renewable energy projects, offering potential for sustainable mining and growth in green energy revenue, although regulatory hurdles and a diverse regulatory landscape remain challenges.
Solana's recent drop in value is seen as a great opportunity for long-term investors, according to a well-known crypto analyst who predicts a significant rally for the cryptocurrency above $200. Meanwhile, the analyst believes that Bitcoin has likely bottomed out and expects it to enter a new phase of euphoria soon.
Whales with a lot of money have overwhelmingly taken a bearish stance on Coinbase Global, with 87% of investors opening trades with bearish expectations, targeting a price range of $160.0 to $520.0 over the last 3 months.
A "Bitcoin first" approach that prioritizes education and understanding, rather than aggressively pushing for "Bitcoin only," may be more effective in fostering genuine interest and long-term investment in bitcoin.
The prediction market contract on the potential invasion of Taiwan by China is yielding more than a two-year Taiwanese government bond, with an 8.7% return compared to a bond yield of just over 1.26%.
Coinbase Global, Inc. (COIN) is rated Zacks Rank #1 (Strong Buy) due to positive earnings estimate revisions and strong revenue growth, although it is trading at a premium compared to its peers.
The recent CheatCode Conference in Bedford showcased bitcoin's practical impact on local economies and its potential as a transformative tool in business, finance, and technology. The conference explored bitcoin as a "Cheat Code" that provides businesses with a competitive edge, promotes economic independence, and revolutionizes grassroots levels of society. The Winklevoss Twins announced a $4.5 million investment in Real Bedford, further highlighting bitcoin's ability to boost local communities and support development projects.
Hong Kong-based bitcoin exchange-traded fund (ETF) applicants prematurely announced their approval to list spot bitcoin and ether ETFs, ahead of an official statement from the Securities and Futures Commission (SFC); Singapore-based analytics company 10x Research predicts that more countries, including Australia, Japan, Korea, and the UK, will follow suit in approving bitcoin ETFs.
Three altcoins, CORE, NEO, and ONDO, have shown strong recovery and impressive gains following a bearish weekend sell-off, indicating their resilience and potential for future altcoin rallies.
Ethereum rebounds from a sharp drop, Dogecoin climbs amidst market optimism, and Furrever Token attracts investments with its potential for high returns.
Altcoins are predicted to bottom out in late May or early June before entering into a new "hype cycle" in July, according to analyst Rekt Capital, who also believes that Bitcoin will retrace before continuing its uptrend.
Around 85% of Dogecoin wallet addresses are currently in profit, but there has been a surge in withdrawals from crypto exchanges, indicating a bullish sentiment among investors who are holding rather than selling their tokens.
Bitcoin's dominance in the cryptocurrency market reaches a three-year high due to strong demand for US exchange-traded funds and a decline in smaller tokens, with Bitcoin accounting for almost 55% of the market, while other major tokens including Ether and Tether follow closely behind.
The crypto market is recovering following a weekend crash, with Bitcoin up 3.6% on the day and other top cryptocurrencies also seeing gains.
The U.K. government plans to introduce legislation for stablecoins, crypto staking, exchange, and custody by June or July, with the goal of establishing the country as a global crypto hub.
Whales have yet to resume accumulating Bitcoin, with large holders only adding over 3,000 BTC to their wallets, indicating a lack of confidence in the current price trend and a possible expectation of further price decline.
German state-backed lender LBBW will offer crypto custody services through a partnership with Bitpanda, providing secure solutions for corporate clients starting in the second half of 2024.
An early crypto miner has moved 50 BTC, worth over $3 million, after 14 years of inactivity, with part of the transfer ending up at crypto exchange Coinbase.
Bitcoin and Ether have seen price increases as multiple issuers in Hong Kong claim to have been approved for spot crypto exchange-traded funds (ETFs), potentially unlocking institutional demand during Asia trading hours.
Version 1.17.31 is the first in a series of updates aimed at addressing network congestion on the Solana blockchain caused by increased user activity and high demand, with validators now recommended to upgrade to the new software release.
Bitcoin (BTC) is predicted to surge to new all-time highs following a recent drop to around $60,000, as it mirrors its December 2023 to January 2024 price action and prepares for the halving, according to crypto strategist Kaleo.
Neo (NEO) has seen a significant price surge of 35% in the cryptocurrency market, outperforming Dogwifhat (WIF), despite China's ban on cryptocurrencies.
The first satoshi (sat) to be mined after the bitcoin rewards halving could potentially be valued at $1 million or more on digital collectibles marketplaces, following the launch of the Ordinals protocol. Cryptocurrency mining companies are now racing to capture this valuable data block, emphasizing the rarity and collectability of individual sats.
The recent geopolitical tensions between Iran and Israel caused a sharp downturn in the crypto market, with Bitcoin dropping to $60,800, but the market has since rebounded, showing its resilience and ability to withstand unexpected events.
Dogecoin Traders Eye Golden Cross as DOGE Shows Signs of Bull Run Ahead of Meme Coin's 18th Birthday
Cryptocurrency social media personality Yomi has highlighted the need for a green week for Dogecoin to achieve the anticipated Golden Cross milestone and regain momentum. Despite recent price drops, Dogecoin has made a strong comeback this year and traders are excited about its performance in the coming weeks, especially with the upcoming DOGE Day on April 20.
Only six altcoins in the top 50 tokens by market cap have outperformed Bitcoin this year, with Dogecoin being the best performer with a 77% gain, while Bitcoin dominance reached a three-year high at 56.5% and is expected to continue rising, according to an investment analyst.
Analyst predicts a comeback for the altcoin Dogwifhat (WIF) after it experiences sideways price action and prepares for an upside move in the second half of 2024.
Bitcoin is still in the early stages of a bull run, characterized by a "euphoria phase," as its recent correction is relatively tame compared to previous cycles and the demand from new entrants is supporting its shorter-term correction, according to blockchain analytics firm Glassnode.
Ripple is proposing an on-chain lending protocol on the XRP Ledger to enhance its decentralized finance (DeFi) capabilities and improve financial inclusivity and transparency, allowing participants to contribute fungible tokens and negotiate loan terms off-chain. The proposal is currently open for public scrutiny on GitHub.
The SEC has filed a Wells Notice against decentralized exchange Uniswap, signaling increased regulatory pressure on the DeFi sector as regulators pivot their focus after resolving cases against Binance and FTX. The action underscores the push for transparency and reporting requirements in the crypto industry, with potential legal and operational challenges ahead for decentralized exchanges and DeFi operators. Additionally, the trend of decreasing anonymity in the crypto industry is likely to continue.
Bitcoin experienced a significant fall, resulting in about $2.5 billion worth of cryptocurrency liquidations, impacting short-term leveraged long positions and altcoins, but the price has not broken below the crucial $60,000 support, suggesting a normal pullback in a bull phase.
Chainwire Aligned Layer, the first decentralized ZK Proof verification layer for Ethereum, has raised $2.6 million in a seed round led by Lemniscap, with participation from Bankless Ventures and Paper Ventures, to fund team expansion and accelerate the mainnet launch in Q2 2024.
The recent downturn in the altcoin market can be attributed to supply and demand dynamics, as well as a loss of momentum due to the frequent launch of new altcoins, according to crypto strategist Pentoshi, who remains optimistic about the broader crypto bull market.
PAX Gold (PAXG), a gold-backed digital asset, saw a significant surge in prices due to escalating geopolitical tensions in the Middle East, trading at a premium of over 20% to the price of gold, while bitcoin experienced a perfect negative correlation to PAXG, indicating weak demand as a geopolitical hedge.
The upcoming U.S. presidential election could be influenced by "crypto voters," as a recent report by Galaxy Digital suggests that the growing ownership of cryptocurrencies, particularly among younger voters and communities of color, could determine the outcome of a close race between President Biden and former President Donald Trump. A survey found that 19% of registered voters own cryptocurrency, with crypto owners currently favoring Trump over Biden. The report also highlights the importance of policymakers' approach to crypto for these voter groups. Crypto-focused political action committees (PACs) are already spending significant amounts to influence key Senate races that could determine control of the chamber. The report concludes that the crypto industry is poised for growth as the 2024 election approaches.
This Week in Crypto Games features the release of the Sui gaming handheld device, the launch of Saga's mainnet and token, the conversion details for Notcoin, and a crossover between Gods Unchained and Guild of Guardians. Additionally, there are updates on Space Nation Online, OpenSeason, Adidas' collaboration with Crypto: The Game, and Parallel's global tournament series.
The IRS's Chief of Criminal Investigation anticipates an increase in crypto tax crimes, such as not reporting income from digital asset trading, and emphasizes the importance of partnerships with private companies like Chainalysis to track ownership of crypto assets.
The upcoming "halving" of Bitcoin, which will reduce the amount of Bitcoin that miners can earn each day, is expected to result in multibillion-dollar declines in revenue for mining companies, leading to increased competition and potential consolidation in the industry.
The cryptocurrency market experienced a significant decline following Iran's attack on Israel, with Bitcoin and other altcoins dropping by double digits and traders losing approximately $962.40 million.
Over half a million altcoins were created between January and April 2024, with a total of 2.52 million cryptocurrencies launched to date, indicating a significant increase in the number of crypto assets compared to previous years, according to crypto data aggregator CoinGecko.
Crypto.com's sponsorship deals with high-profile names like Lebron James and the Philadelphia 76ers may attract regulatory attention, but the company's president believes it is worth it as it helps achieve their mission and gain global recognition. Despite the scrutiny on other exchanges, Crypto.com has managed to avoid public mention by the SEC, partly due to its strong foundation and engagement with regulators worldwide. While celebrating meme coins, the company aims to offer functional and conservative products to its community. Amidst the consolidation in the market, Crypto.com has seen a significant increase in trade volume and supports the entry of new startups, but emphasizes the need for regulatory clarity to foster innovation.
