April 23 Daily report: Bitcoin price falls below $50,000, Litecoin Prepares For Fresh Bull Momentum, Bitcasino.io adds Cardano (ADA) token, PancakeSwap Approves “Big Burn” and Ethereum ETFs Get Off to $138 Million

Bitcoin price falls below $50,000

Bitcoin’s price has dropped below $50,000 on early Friday UTC time. The price continued to decline to below $49,000 and is changing hands around $49,500 as of writing, which represents an 8.46% drop over the past 24 hours on Coinbase Pro. The price drop follows news in the U.S. hours that President Joe Biden was said to propose increasing tax for the wealthy on capital gains by as much as 100%. Bitcoin is the first and most widely recognized cryptocurrency. It enables peer-to-peer exchange of value in the digital realm through the use of a decentralized protocol, cryptography, and a mechanism to achieve global consensus on the state of a public transaction ledger (blockchain). Let us look Bitcoin price falls below $50,000.

Litecoin Prepares For Fresh Bull Momentum As Alt Season Cements

Litecoin is currently trading at around $283, gaining 5.59% in the last 24 hours. LTC bulls are looking to hold the key support level for the coin at around $257 to prepare it for a fresh momentum. LTC price had a rough week falling nearly 30% from its high of $333. A recent mining centre blackout in China left the cryptocurrency markets in the red the past few days.

Bitcasino.io adds Cardano (ADA) token to its betting platform

Bitcoin-led casino operator, Bitcasino.io, today announced it has added Cardano’s ADA cryptocurrency as a payment method, allowing its holders to enjoy the casino’s wide range of games. The minimum deposit is 15 ADA and withdrawal is 30 ADA. At current trading prices, this puts the minimum deposit at around €14.

PancakeSwap Approves “Big Burn” For CAKE, It Could Be Massively Bullish

PancakeSwap’s second iteration is also around the corner. CAKE holders will be able to profit. In a recent vote, PancakeSwap’s community decided to approve a feature called the “Big Burn”. Therefore, after April 23rd “Great Migration” the exchange will buyback and burn more CAKE “than ever before”. Every trade in PancakeSwap v2 will “contribute” to this mechanism.

Ethereum ETFs Get Off to $138 Million Start So Far

Three Ethereum exchange-traded funds (ETFs) launched in Canada Tuesday. Available on the Toronto Stock Exchange, they have a combined trading volume of $138 million already. The world’s first Ethereum exchange-traded funds (ETFs) began trading this week—and got off to an explosive start. All in all, the trio of Canadian ETFs has racked up $138 million in trading volume so far.

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CSK vs KKR Match Winners

ETH, Ethereum price could be above $4,000 by the end of July,’ according to Coin Bureau.

In a recent video, the pseudo-anonymous crypto analyst and influencer “Coin Bureau” (“@coinbureau on Twitter) explained why Ethereum ($ETH) is “so valuable.” Ethereum price could be above $4,000 by the end of July,’ according to Coin Bureau.

Ethereum price could be above $4,000

According to a report by The Daily HODL, he said:

“Ethereum is so exciting. I view it in the same way that those internet pioneers viewed TCP/IP back in the 1990s. However, this time around, we have an opportunity to invest in a protocol that has that much potential… Ethereum is well-positioned to capture the value that’s being built on top of it. And as the fuel that powers the network, ETH is becoming an incredibly rare asset. The more the ecosystem grows, the more demand there is for ETH to power dApps (decentralized apps) and facilitate transactions…

“If the Ethereum developers are able to effectively push EIP 1559 in the London upgrade, then we could easily see Ethereum price could be above $4,000 by the end of July.“

According to TradingView data, Ethereum is currently trading around $2,406.97 (as of 18:40 UTC on April 21), which means it is up 5.26 percent (vs USD) in the last 24 hours. In terms of the year-to-date performance, ETH-USD is up 226.36 percent.

The author’s or anyone else’s views or opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading in crypto assets carries financial risk.

Source : CryptoGlobal

April 22 Daily report: UNI closes the gap to $40, ETH makes incredible strides toward $2,550, SOL, Solana hits new highs, Bitcoin Hashrate Causes Miners To Earn $16.7 Million and IOTA’s +750% hike in 2021

SOL, Solana hits new highs as DApps, Defi and stable coins join the network

Solana price is pushing toward new highs as an increasing number of DApps, Defi projects and stable coins build platforms on the network. High fees and slower transaction times on the Ethereum (ETH) network have left the door open for new layer-1 solutions to emerging, and Solana (SOL) is one such project that has been gaining traction lately Solana is a single-chain, delegated-Proof-of-Stake protocol, founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, focus on delivering scalability without sacrificing decentralization or security. looking forward to SOL, Solana hits new highs.

UNI closes the gap to $40 despite broad-based crypto retreats

Uniswap leads recovery in the market, posting incredible gains. Breaking the resistance at $40 could bolster UNI to new record highs. Uniswap has given a blind eye to the ongoing correction in the market to post double-digit gains over the last 24 hours.

ETH makes incredible strides toward $2,550 record highs

Ethereum is among the best-performing digital assets in the cryptocurrency market following the retreat from record highs of $2,550. The pioneer smart contract token tested support at $2,000 twice before staging the ongoing recovery mission.

Decline In Bitcoin Hashrate Causes Miners To Earn $16.7 Million In 24 Hours

As a result of the decline in hash rate, backlog in transaction processing quickly surged, causing a mounting transaction fee. With the high mining fee, Bitcoin miners have earned nearly $16.7 million in just 24 hours. Because major mining farms are located in China, there was a 20% corresponding decline in hash rate.

IOTA’s +750% hike in 2021

On the eve of the 1st of January this year, the crypto was valued at just over $0.28. On the 17th of April, right before market-wide corrections set in, IOTA was trading at a price level of $2.18. Put simply, the crypto hiked dramatically to the tune of over 775% in less than four months. That is an extraordinary figure, especially for an altcoin with a market cap of billions.

Predict & Win Contest – IPL 2021 | CSK vs KKR

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In the case of Draw, BuyUcoin will distribute the winning amount into equal proportion with added value depending on draws.

Benzinga Announces Crypto Investment As Part Of Corporate Treasury Strategy

As part of its new corporate treasury strategy, Benzinga, a financial media and data provider, has begun crypto investment.

What Happened: Benzinga has collaborated with crypto brokerage firm TradeStation Crypto, a subsidiary of TradeStation Group, Inc., to allocate a portion of its cash reserves to cryptocurrency.

“As crypto news grows in popularity, Benzinga is making a short-term and long-term financial investment in digital assets,” said the company in a press release.

Benzinga could earn up to 6% per year on its crypto holdings through its TradeStation crypto account.

Crypto Investment

Why It Matters: “We are seeing increased participation in crypto investing at the corporate level, and we’re proud to educate and provide companies like Benzinga with the tools needed to invest in crypto assets,” said James Putra, Senior Director, Product Strategy at TradeStation Crypto.

Indeed, the media platform has joined a growing list of corporations that have incorporated Bitcoin (CRYPTO: BTC) and other cryptocurrencies into their treasury management strategy.

To date, 21 publicly traded companies have some of their cash reserves in Bitcoin. This is led by MicroStrategy Incorporated (NASDAQ: MSTR), which owns more than $5.2 billion in Bitcoin, and Tesla Inc (NASDAQ: TSLA), which owns $2.7 billion in the leading digital asset.

“Though not without some added risks, through higher interest rates and a bullish outlook on crypto, Benzinga has the potential to generate more cash in the short-term, while also investing in what could prove to be the monetary system of the future,” said Luke Jacobi, Director of Operations at Benzinga

What Else: Bitcoin has gained nearly 5% in the last 24 hours and is currently trading around $57,300. Overnight, the total crypto market cap increased by more than 9.16 percent, crossing $2.09 trillion for the second time.

Source : PrNewswire