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Two Cryptocurrencies We’d Buy Today and One Maybe – Here’s Why This week, traders find themselves in for a “huge shock” and probable big losses with Bitcoin (BTC) and other major cryptocurrencies, such as Ethereum (ETH), BNB, Terra (LUNA), XRP, Solana (SOL), Cardano (ADA) and memecoin Dogecoin (DOGE) all dropping precipitously in value, wiping out almost $200 billion from the entire cryptocurrency market in a matter of hours. Can Bitcoin and Ethereum still tow the cryptocurrency… Source link

Bitcoin (BTC) starts the second week of April with a whimper as bulls struggle to retain support above $40,000. After a refreshingly low-volatility weekend, the latest weekly close saw market nerves return, and in classic style, BTC/USD fell in the final hours of April 10. There is a feeling of being caught between two stools for the average hodler currently — macro forces promise major trend shifts but are being slow to play out. At the same time, “serious” buyer demand is also absent… Source link

Bitcoin is all-set to rise and become the crypto king again, at least for now In recent weeks, Bitcoin is marching forward towards redeeming its lost market recognition and value. For Bitcoin, the year 2021, was quite successful given the fact that single crypto drove the value of the entire crypto market to new highs. Since this feat, traders and business leaders have been quite optimistic about the prospects of BTC and its dominance in the economic and financial markets. So much so that El… Source link

Despite Bitcoin miner revenue increasing in March, Ethereum miners still came out 10% ahead in revenue over miners of the first blockchain-backed cryptocurrency.  March proved to be an arduous month for Bitcoin miners. According to Be[In]Crypto Research, miners were able to generate approximately $1.21 billion in revenue during the third month of 2022.  Inasmuch as this figure seems low when you consider the demand for Bitcoin, the total mining revenue for Bitcoin was up from February… Source link

Litecoin, although it may not have been the preference of every investor, it has still been one of the altcoins in the market with the highest rate of adoption. And since that is all Litecoin has to offer, given the absence of DeFi capabilities, adoption is precisely what will save the coin from vanishing out of existence. Litecoin sees white again Usually, to connote a fall in price, it is said that the coin is seeing red, but Litecoin is seeing white because the recent fall in price has… Source link

If you feel like you’ve been hearing a lot about bitcoin lately, those aren’t voices in your head.  Last month, in an attempt to skirt harsh financial sanctions, a top Russian lawmaker said Russia may start accepting bitcoin for oil and gas. If you watched the Super Bowl this year, you probably saw the ads for crypto-companies. And now, President Biden has turned his attention to digital assets, signing an executive order to examine the risks and benefits of cryptocurrencies. So we… Source link

On Friday, Grant McCarty, the director of policy and public affairs at Bitcoin Magazine, announced the launch of three political efforts aimed at bolstering bitcoin public policy at the Bitcoin 22 conference in Miami. McCarty revealed the Bitcoin Advocacy Project (BAP), the Bitcoin Policy Institute (BPI) and an independent expenditure-only political committee called the Financial Freedom PAC. 3 Newly Launched Political Efforts Aim to ‘Bring About an Orange Wave Across… Source link

Over the weekend, the cryptocurrency market recorded over 2% decrease in its total market capitalization as most coins suffered a correction. Bitcoin traded close to its $42,000 support level after trading above the $43,000 mark for a while on Friday. Similarly on Friday, Ethereum also declined by almost 4%. BNB also shed close to 3%. On Friday LUNA also recorded a decline of over 6.5% with SOL also lost over 6%. As Bitcoin and other altcoins begin to regain momentum, XMR took the lead. XMR… Source link

During the last year, there’s been a lot of discussion concerning bitcoin treasuries or public firms putting bitcoin on their balance sheets. However, the leading crypto asset by market valuation is not the only digital currency being held by treasuries. Ethereum has become a prominent treasury asset as a number of companies are known to hold the second leading crypto in their reserves. Ethereum Treasuries Have Grown According to the bitcoin treasuries list, exchange-traded funds,… Source link

On Sunday, April 10, 2022, the Terra (LUNA) project and Luna Foundation Gaurd (LFG) acquired 4,130 bitcoin worth $176.1 million at the time of settlement. Using today’s bitcoin exchange rates, LFG now has a total of 39,897.98 bitcoin worth $1.7 billion. Luna Foundation Gaurd Obtains $176 Million in Bitcoin for the UST Decentralized Forex Reserve Two days ago, the Luna Foundation Gaurd (LFG) announced a partnership with the Avalanche Foundation and disclosed it would be purchasing… Source link