Bitcoin price attempted a recovery above $56,000 against the US Dollar, but it struggled above $57,000. Bitcoin breaks $53,200 after trimming even at the support zone. Bitcoin extended its decline below $53,200 and $53,000 support levels. The price is now trading well below $54,000 and the 100 hourly simple moving average.
Ethereum’s Non-Exchange Whales Record the Highest Tokens in their Custody Since 2016
Ethereum is eyeing the $2,000 mark once again but has failed to break it. Currently, the second-largest cryptocurrency is down by 6% in the last 24 hours to trade at $1,571.60 at the time of writing. Defi, together with the launch of Ethereum 2.0 in December 2020, has been the backbone of Ethereum’s current bull run.
IOTA Partners with Cartesi to Strengthen Defi Use Cases
IOTA and Cartesi have partnered to close the gap between the traditional world and blockchain while also enhancing Defi and NFT use cases. “After several technical meetings over the last years, we see an integration path forward that will bring tremendous opportunities for Defi, Gaming, NFT, and industrial IoT.” – commented Cartesi CEO, Erick de Moura.
Chainlink Whales Sell With Little Support Ahead
The LINK token of the Chainlink decentralized oracles platform seems primed for high volatility as it edges closer to a breakout point. Only a daily candlestick close above the $29 resistance barrier could save LINK from a 43% correction. This crucial supply barrier suggests that bulls will struggle to push prices up.
Theta Token Dips by 20% as Theta Pushes Mainnet 3.0 Launch to June
Theta’s Mainnet 3.0 launch, which was previously anticipated for this April, has been pushed back to June 30, 2021. Additionally, the team is still working on developing building blocks for a non-fungible token (NFT) marketplace on Theta Mainnet 3.0. Since January 1, 2021, the THETA token experienced a growth of more than 450%.
Thanks to news from Elon Musk’s Tesla car company that Crypto markets have added $100 billion in an hour as Tesla accepts bitcoin as one of its payments. With a series of raises and new sponsorship deals, Crypto projects continue their progress towards the mainstream.
Tesla’s Bitcoin & Elon effect
The whole crypto market is listening when Elon talks about Bitcoin. Early in European business hours, it was not different as Tesla CEO announced that Bitcoin would be accepted as payment for one of their cars.
While this is sufficient to keep markets up by Tesla’s Bitcoin & Elon’s effect – the CEO also announced that the company will hold cryptographically the money it receives. The world market cap was around 1.6 trillion dollars and suddenly rose to 1.7 trillion dollars.
Elon is very active on twitter.com and recently declined a NFT 1M Offer
The price of Bitcoin headed north within minutes of the announcement. It was trading at approximately $54,000 overnight on its side, but started climbing aggressively and is now comfortable at 56,000 dollars.
The news has spread throughout the wider markets, increasing Ethereum by 1.3% and Binance by 1.24%. Indeed, Tesla’s Bitcoin & Elon Musk effect has been used for almost all the major cryptocurrencies, in the look of the price tables.
The Elon Musk effect. IMAGE: Nomics
Ripple has been the only project that did not feel the warmth of Musk, as its price cools from previous weekly growth and Uniswap and its Eth-powered markets. Theta Token continues with its bubbling warm streak, which increases its price by another 26%.
Crypto Market’s Boom
The streaming service has been on a wave of popularity since Sony announced that it was a network node and now it was promised a staking token later this year. Crypto has made serious cash movements outside the monetary markets.
This morning, the London-based company blockchain.com has raised $300 million to provide the company with $5.2 billion in valuation for a number of crypto-monetary services to retail and institutional clients.
It’s the third biggest increase in the relatively brief crypto history, with Bitmain only raising more (400 million dollars) and Block Fi (350 million dollars). In the meantime, Stateside, Crypto Exchange FTX announced its signing of a 19 years contract to be a sponsor for the Miami Heat Arena, the first crypto-sponsored sports venue in the United States.
It is not surprising that young investors buy cryptography for this thrill. The UK Financial Watchdog, the FCA, says that the FCA’s findings were key factors behind its decision to invest for many investors, emotions, and feelings like investing excitation as well as social factors like the status deriving from a sense of belonging to the companies they invest in.
Vote what you will do if you have Bitcoin in India?
Bitcoin wallet firm Exodus earlier this year sold $75 million in common stock in the company, purchasable only through its wallet. The sale was notable for the company’s decision to only accept Bitcoin……….. Read Full Coverage
The IAMAI’s Blockchain and Crypto Assets Council would establish a formal board of lawyers, technological experts, and fintech compliance experts to assure self-regulation. Read Full Coverage….
Coinbase stated Tuesday that it has formally listed dogecoin on Coinbase Pro, a huge milestone that exposes the “joke” cryptocurrency to one of the world’s top bitcoin and crypto exchanges, after teasing it earlier this month. In a blog post, Coinbase stated that it will “immediately” begin accepting inbound dogecoin transfers to Coinbase Pro in … Continue reading “Dogecoin Price might Explode Soon as Joke Crypto gets Listed on Coinbase Pro”
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heta gains 660%, Yearn. finance eyes new all-time high, UNI prices surge by 8% in minutes, $5.5 Billion Worth of Bitcoin Options Expire on Friday and LINK the 11th largest cryptocurrency.
Theta enters the top-10 following 660% gains since the start of 2021
Theta has risen dramatically in the market cap rankings over the past couple of months — a 22% gain in the last 24-hours sees it leapfrog to take the tenth spot. Theta launched relatively recently, in March 2019. It describes itself as a blockchain video streaming platform that aims to disrupt the streaming industry using decentralized technologies.
Yearn. finance eyes new all-time high
Yearn. Finance(YFI) price can break above $50,000 if Bitcoin continues to consolidate in the near term. As Bitcoin’s (BTC) price has been consolidating in recent weeks, many other crypto assets started to show strength. This was largely expected since altcoins generally do better once BTC cools down.
Uniswap V3 launches — UNI prices surges by 8% in minutes
UNI, the native governance token of Uniswap, surged immediately after the Uniswap V3 launch. Uniswap, the most widely utilized automated market maker (AMM) in DeFi, has surged significantly after the launch of Uniswap V3 on March 23. At just over $35 per token, UNI has gained nearly 23% in the past week.
$5.5 Billion Worth of Bitcoin Options Expire on Friday
Bitcoin (BTC) call options worth $2.6 billion and put options worth $2.8 billion will expire on Friday, March 26. A large Open Interest volume threatens to push this value to the maximum pain price at the time of expiration. The long-term strategy of institutional investors and fresh buying pressure could limit the size of the correction.
Chainlink surpasses Bitcoin Cash making LINK the 11th largest cryptocurrency
The market capitalization of Chainlink has surpassed Bitcoin Cash, as the Defi market continues to prosper with TVL exceeding $24 billion. The market capitalization of Chainlink now hovers at $9 billion and roughly $500 million away from the next biggest crypto asset, Litecoin (LTC).
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XRP primed for a 74% move as the key technical pattern matures
Rippleis nurturing an uptrend aiming for new yearly highs. This upward movement appeared after the cross-border token overcame the stubborn resistance at $0.5. Meanwhile, XRP is doddering at $0.57 amid the persistent push by the bulls to overcome the near-term hurdle at $0.6.
Bitcoin Drops To $54K
Bitcoinprice extended its decline below the $55,500 support zone against the US Dollar. BTC is currently recovering, but it is likely to struggle near $55,500 and $56,450. There was no clear upside break in bitcoin above the $58,000 resistance zone. As a result, Bitcoin drops to $56,450, a support zone to move into a bearish zone.
Twitter CEO Jack Dorsey sells NFT of the first-ever tweet for $2.9 million
Twitter CEO Jack Dorsey has sold a non-fungible token (NFT) of the first-ever published tweet for $2.9 million to an investor who goes by the name @sinaEstavi. Earlier this month, Dorsey minted the tweet using Cent, an Ethereum-based service that allows users to mint, sell and bid on NFTs of tweets. Dorsey’s message, which he sent March 21, 2006, reads “just setting up my twttr.”
ETH Continues Consolidation Around $1,800
Ethereumis down by around 5% over the past week as it trades within a range between $1875 and $1750. Against Bitcoin, ETH rebounded from 0.0305 BTC. Ethereum was trading well after rebounding from support at $1425 at the beginning of the month. It pushed higher to create a new March high at $1950 but could not continue further. As we have seen the prices of altcoin get down when Bitcoin drops, it may have affected the ETH price as well.
Cardano Turning Down Dapps Due to Sheer Volume of Applications
Replying to remarks over the lack of Dapps running on Cardano, IOHK CEO Charles Hoskinson responded by saying demand is so high his firm cannot handle the applications flooding in. In many cases, as a strategy to cope with the demand, applications are being rejected.
Bitcoin wallet firm Exodus earlier this year sold $75 million in common stock in the company, purchasable only through its wallet. The sale was notable for the company’s decision to only accept Bitcoin……….. Read Full Coverage
The IAMAI’s Blockchain and Crypto Assets Council would establish a formal board of lawyers, technological experts, and fintech compliance experts to assure self-regulation. Read Full Coverage….
Coinbase stated Tuesday that it has formally listed dogecoin on Coinbase Pro, a huge milestone that exposes the “joke” cryptocurrency to one of the world’s top bitcoin and crypto exchanges, after teasing it earlier this month. In a blog post, Coinbase stated that it will “immediately” begin accepting inbound dogecoin transfers to Coinbase Pro in … Continue reading “Dogecoin Price might Explode Soon as Joke Crypto gets Listed on Coinbase Pro”
