Bitcoin has failed to continue its recovery and has dipped by roughly 4% to below $54,000. Most alternative coins have suffered even more, with the total market cap losing $150 billion in a day. Yet, Dogecoin is the apparent exception with a 25% surge to above $0.4.
As CryptoPotato reported over the weekend, the primary cryptocurrency experienced a massive price slump. The asset fell by approximately $9,000 in hours to a 3-week low of $51,500.
Bitcoin bounced off somewhat rapidly and regained more than $6,000 in the next 24 hours. This led to yesterday’s high above $57,500. …
Bitcoin has dropped below $54,000 on April 20 while whale clusters suggest that the key areas for BTC to reclaim in the short term are $56,274 and $55,172.
The cryptocurrency market began to drop once again after an initial relief rally on Monday. Bitcoin dropped from $57,400 to sub-$54,000, losing the $55,172 whale cluster support level.
The stakes have been upped for Cardano and Polkadot, with the two networks continuing to dominate the staked capitalization rankings.
According to data from StakingRewards, Cardano is currently the top blockchain in terms of staked value, with roughly $26.4 billion worth of ADA allocated to securing the network. With Cardano’s entire capitalization tagging $36.6 billion, 73% of circulating ADA are being staked.
StakingRewards estimates Cardano stakers are earning an annual reward of 7.22%.
The second-largest crypto asset by staked value is Polkadot with $22.7 billion worth of DOT locked — representing 64% of its circulating supply. …
Crypto exchange OKEx’s support for Bitcoin’s Lightning Network is now live.
The Lightning Network is a second layer that works atop Bitcoin to facilitate faster and cheaper transactions than Bitcoin’s primary network.
The exchange announced the integration in February.
“OKEx is pleased to announce that BTC Lightning Network is now live on OKEx website, enabling much faster and cheaper BTC transfers. OKEx users are now able to use the Lightning Network for both BTC deposits and withdrawals,” a press release reads.
Last year and 2021 have been bedrock years for Lightning Network adoption among exchanges, which have added the feature…
It was a Shiba Inu shooting across the sky: Dogecoin’s run over the past week will be one for the history books. However, for all the fireworks social media data is indicating that the meme’s run may have met its end.
The digital currency, which originally launched in 2013 and has been at the center of a number of absurd headlines and scams over the years, notched another chapter in its often puzzling history over the past few days. …
The price of Bitcoin ( BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq.
However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency market started to correct.
Tesla stock tokens will be available on cryptocurrency exchange Binance when the Nasdaq opens Monday — but not for everyone.
Investors in the U.S., mainland China and Turkey will not be able to own the stock tokens, which allow traders to buy and sell fractions of underlying shares, a notable if not groundbreaking effort that would lower the bar for entry into high-priced stocks for traders.
The Tesla ( TSLA) tokens will be priced and settled in Binance USD (BUSD), a stablecoin pegged to the U.S. dollar and issued by New York-based Paxos Trust Company.
“Stock tokens demonstrate how we…
Ripple’s lawyers will dig through the SEC’s internal discussion on crypto for mention of XRP.
Ripple Labs has been granted access to U.S. Securities and Exchange Commission documents “expressing the agency’s interpretation or views” on the subject of crypto assets.
According to Law360, U.S. Magistrate Judge Sarah Netburn granted the defendants’ motion “in large part,” determining that SEC minutes or memos concerning crypto are likely discoverable. Netburn asserted staff-to-staff email communications do not need to be produced.
Netburn also allowed for the SEC and Ripple to raise disputes with the ruling.
David Solomon, CEO of Goldman Sachs has forecast a “big evolution” in how the U.S. government regulates Bitcoin and other cryptocurrencies, in relation to financial institutions.
In an interview with CNBC today, Solomon was quizzed on the banking giant’s moves to adopt Bitcoin. The CEO kept his cards close to his chest but conveyed that the bank is keeping a close eye on digital currencies, amid increasing demand for crypto exposure from its clients:
“We continue to think about digital currency and the digitization of money in a very proactive way, and in that context, we are engaged with our…
One telltale sign of a growing altcoin season is when obscure and lesser-known projects start putting on face-melting gains as traders scramble to jump on the rising price.
New Kind of Network (NKN) has emerged over the past month as one of these surprise gainers, increasing 1,400% from a low of $0.052 on March 8 to a new all-time high of $0.779 on April 6.