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major cryptocurrencies also saw gains.
Ethereum
rose nearly 8% to $1,703,
Dogecoin
climbed 9% to $0.172, and
XRP
gained 3% to $2.15. Although some of these tokens remain below their recent peaks, the broader market has shown signs of recovery.
$ETH
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Crypto to Buy: IOTA IOTA is one of the top cryptos to buy this week for two main reasons. Fundamentally, the countdown to the Rebased upgrade is going on. This upgrade, which will be the largest in its history, will take place on Monday, May 5. The Rebased upgrade will bring several important features to the IOTA network. For investors, there will be a chance to stake the coin and earn between 10% and 15%. Developers will now have a layer-1 network with over 50,000 transactions per second (TPS). Its smart contracts will leverage Move’s technology. The Rebased upgrade means that IOTA is now set to compete with other popular layer-1 networks, such as Ethereum, Solana, and Polkadot. It will let developers build decentralized applications in industries like DeFi and gaming. The risk is that IOTA could become another layer-1 chain with superior capabilities but no activity. Some of these ghost chains are Zilliqa and Mina. IOTA is a top crypto to buy also because it has formed a falling wedge chart pattern on the daily chart. It has even moved above the upper side of this pattern. Therefore, there is a likelihood that the token will have a breakout ahead of the Rebased upgrade. #AirdropStepByStep
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Altcoin market updates: Ethereum and Cardano skip ahead of BTC as market momentum strengthens After week-long consolidation, mega cap altcoins broke above key resistance zones on Tuesday. Ethereum and Cardano stood out with 2% gains, respectively, exceeding Bitcoin’s 0.6% uptick at press time. With markets showing stronger upside momentum for altcoins than BTC, this suggests that investors are displaying higher-risk appetite. #AbuDhabiStablecoin
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Chart of the day: Blackrock’s IBIT ETF set record with $970M single-day inflow Bitcoin ETFs have been experiencing a buying spree for the last eight days of trading, dating back to April 14. Blackrock’s IBIT ETF posted $1 billion inflow on Monday, while large redemptions from Fidelity and Ark Invest saw aggregate deposits drop to $591 million. #ArizonaBTCReserve
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Bitcoin nears $95,000 levels on April 29 — is a crypto market bull run likely soon? Here’s what experts say Bitcoin prices hovered near the $95,000 level on Tuesday, with the market cap growing by 1%. Analysts are bullish on the top crypto token, and believe the upcoming macroeconomic data could provide the needed momentum if it meets market expectations. $BTC
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The curious case of 3,520 disappearing Bitcoins Monero started a rapid price gain on Sunday night, and market observers were left with more questions than answers at first. The price gain didn't match up with common catalysts such as a large number of new Monero holders, a meme coin push on social media, or Monero analysis in traditional large-scale media, such as TV channels and newspapers. The mystery ended when the well-known crypto security account ZachXBT found some suspicious transactions on the Bitcoin and Monero blockchains. One account transferred 3,520 Bitcoins to another, moving about $330 million of crypto funds. #AirdropFinderGuide
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