Bitcoin (BTC) has reentered its most significant lifelong consolidation zone but could still crash to a “macro bottom,” new research warns. In a Twitter thread on April 27, on-chain analytics platform Material Indicators shone a light on the importance of $38,000 for BTC price action. Bitcoin circles all-important point of control After lingering near liquidity at or above $37,700 on intraday timeframes, data from Cointelegraph Markets Pro and TradingView shows, BTC/USD has yet to make a… Source link

monsitj/iStock via Getty Images The world’s largest digital asset management firm has created an NFT weighted with rivals of Ethereum (ETH-USD). In this article, I will highlight the prospects for the projects seeking to be ‘Ethereum Killers.’ Grayscale Investments creates an ETF for Ethereum’s rivals Grayscale Investments, which is best-known for its Grayscale Bitcoin Trust (OTC:GBTC), has set up a new fund for exposure to competitors of Ethereum. The fund will include names such as… Source link

The Central African Republic has become the second country in the world to adopt Bitcoin as an official currency. In making BTC legal tender alongside the CFA franc on Wednesday (April 27), one of the poorest countries in the world is following the lead of El Salvador, which adopted the cryptocurrency Sept. 1, 2021. It comes a day after the CAR legalized the use of cryptocurrency. See also: Central African Republic is the Latest Country to Embrace Crypto As the first country in Africa to… Source link

Bitcoin is a base settlement layer reset made possible by revolutionary technology, and the Lightning Network enables Bitcoin payments to scale. Simple APIs offered by managed payment providers power Bitcoin payment rails for both new and traditional businesses, processors, exchanges, digital wallets, software providers, platforms, ATMs, point-of-service (POS) devices and more. Source link

Bitcoin is a base settlement layer reset made possible by revolutionary technology, and the Lightning Network enables Bitcoin payments to scale. Simple APIs offered by managed payment providers power Bitcoin payment rails for both new and traditional businesses, processors, exchanges, digital wallets, software providers, platforms, ATMs, point-of-service (POS) devices and more. Source link

The Token House, which will include all OP token holders, will determine protocol incentives and vote on protocol upgrades. The Citizens’ House, on the other hand, will be made up of “citizens” who hold a non-transferable, or “soulbound,” NFT (non-fungible token) and are responsible for funding public goods. Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Wednesday. The crypto is down 6.19% to $224.79 while the broader crypto market is up 1.08%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero… Source link

Litecoin (LTC) gets a bearish rating from InvestorsObserver Wednesday. The crypto is down 0.02% to $100.43 while the broader crypto market is up 1.06%. Litecoin has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Bearish Over the last five days, Litecoin has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Up until April 25, Bitcoin (BTC) bulls had been defending the $38,000 level, but bulls were caught off-guard by the recent drop. As Bitcoin plunged from $46,700 to $37,700 between April 5 and 26, most of the bullish bets for the upcoming $1.96 billion monthly options expiry became worthless. Regulatory concerns continue to pose a threat to Bitcoin and on April 26, the New York State Assembly passed a bill banning new proof-of-work (PoW) cryptocurrency carbon-based mining facilities in the… Source link

(Kitco News) Ethereum, the world’s second-largest cryptocurrency, is on its way to becoming “the collateral of the internet,” which is similar to Bitcoin’s path of becoming “the global digital reserve asset,” said Bloomberg Intelligence. But before returning to its record highs, Ethereum faces a risk of dropping to last summer’s lows of $1,700. “Ethereum is in a top position to lead the wave of digitalization, tokenization, DeFi, fintech and NFTs,” said Bloomberg… Source link