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Monero’s XMR Rockets 40% as XRP Leads Crypto Majors Gains
Trading volumes for XMR zoomed from an average of $50 million on a seven-day rolling basis to over $220 million in the past 24 hours
Bitcoin traded above $94,800, up 0.7% over 24 hours, with the CoinDesk 20 index 2.2% higher.
Monero surged as much 40% in 24 hours, with trading volumes increasing significantly, following a possible exploit.
Crypto market sentiment remains cautiously bullish amid macroeconomic challenges and regulatory changes.
XRP led majors' gains, rising almost 7%, driven by a ProShares ETF approval that will see three futures-tracked products go live on April 30. Cardano’s ADA gained more than 3% and BNB Chain’s BNB added 1%. Ether (ETH) was unchanged
$XRP
Trading volumes for XMR zoomed from an average of $50 million on a seven-day rolling basis to over $220 million in the past 24 hours
Bitcoin traded above $94,800, up 0.7% over 24 hours, with the CoinDesk 20 index 2.2% higher.
Monero surged as much 40% in 24 hours, with trading volumes increasing significantly, following a possible exploit.
Crypto market sentiment remains cautiously bullish amid macroeconomic challenges and regulatory changes.
XRP led majors' gains, rising almost 7%, driven by a ProShares ETF approval that will see three futures-tracked products go live on April 30. Cardano’s ADA gained more than 3% and BNB Chain’s BNB added 1%. Ether (ETH) was unchanged
$XRP
Polkadot Historical
According to the latest data gathered, the current price of Polkadot is $7.56, and DOT is presently ranked No. 13 in the entire crypto ecosystem. The circulation supply of Polkadot is $10,870,886,213.66, with a market cap of 1,437,953,431 DOT.
In the past 24 hours, the crypto has increased by $0.06 in its current value.
For the last 7 days, DOT has been in a good upward trend, thus increasing by 16.62%. Polkadot has shown very strong potential lately, and this could be a good opportunity to dig
In the past 24 hours, the crypto has increased by $0.06 in its current value.
For the last 7 days, DOT has been in a good upward trend, thus increasing by 16.62%. Polkadot has shown very strong potential lately, and this could be a good opportunity to dig
When Will Shiba Inu Reach 1 Cent?
Many investors and traders eagerly anticipate when Shiba Inu reaches the 1 cent mark. However, this may not be possible considering the current circulating supply of 589 trillion tokens.
And to reach a value of $1, the market cap of Shiba Inu would have to be $589 trillion, which is currently unattainable.
However, introducing a burn rate mechanism with Shibarium could increase deflationary pressure on the currency, which may, in turn, push its value higher.
On the one hand, Shiba Inu has gained popularity for its low price and the potential positive impact of Shibarium, a decentralized exchange developed by the Shiba Inu team. This could potentially lead to substantial returns for investors in the long term.
On the other hand, the volatile nature of meme coins and competition from newer coins could affect their market value adversely. Additionally, the lack of a clear roadmap and whitepaper for the project might make it challenging to understand its long-term goals and growth potential.
Therefore, doing your research before investing in Shiba Inu is essential. You should consider the potential risks and rewards and evaluate whether they align with your investment strategy and risk tolerance.
In conclusion, Shiba Inu is a high-risk, high-reward investment. Its future growth will largely depend on several factors, including the Shibarium, continued support from its community, and overall market conditions. As always, potential investors should do their homework before jumping in.
#Shibalnu $SHIB
Many investors and traders eagerly anticipate when Shiba Inu reaches the 1 cent mark. However, this may not be possible considering the current circulating supply of 589 trillion tokens.
And to reach a value of $1, the market cap of Shiba Inu would have to be $589 trillion, which is currently unattainable.
However, introducing a burn rate mechanism with Shibarium could increase deflationary pressure on the currency, which may, in turn, push its value higher.
On the one hand, Shiba Inu has gained popularity for its low price and the potential positive impact of Shibarium, a decentralized exchange developed by the Shiba Inu team. This could potentially lead to substantial returns for investors in the long term.
On the other hand, the volatile nature of meme coins and competition from newer coins could affect their market value adversely. Additionally, the lack of a clear roadmap and whitepaper for the project might make it challenging to understand its long-term goals and growth potential.
Therefore, doing your research before investing in Shiba Inu is essential. You should consider the potential risks and rewards and evaluate whether they align with your investment strategy and risk tolerance.
In conclusion, Shiba Inu is a high-risk, high-reward investment. Its future growth will largely depend on several factors, including the Shibarium, continued support from its community, and overall market conditions. As always, potential investors should do their homework before jumping in.
#Shibalnu $SHIB
How Trump Just Made His Own Cryptocurrency Value Skyrocket
Trumpworld, including the president himself, who holds roughly 80 percent of the total supply of TRUMP tokens.
The dinner announcement sparked a 54 percent jump in the value of the memecoin.
The top 25 investors in TRUMP tokens will receive VIP access to the dinner event, opening the opportunity for them to take photos alongside Trump and receive a guided tour the following day.
$TRUMP
Trumpworld, including the president himself, who holds roughly 80 percent of the total supply of TRUMP tokens.
The dinner announcement sparked a 54 percent jump in the value of the memecoin.
The top 25 investors in TRUMP tokens will receive VIP access to the dinner event, opening the opportunity for them to take photos alongside Trump and receive a guided tour the following day.
$TRUMP
Key Use Cases of Ethereum
Ethereum has played a vital role in expanding blockchain technology, offering blockchain projects, faster transactions, enhanced efficiency, and decentralized applications to industries across the globe. Let’s take a look at the critical use cases of ETH, which are extensive and expanding at a breakneck pace:
Decentralized Finance (De-Fi)
Decentralized Autonomous Organizations (DAOs)
Smart Contracts
Non-Fungible Tokens (NFTs)
Decentralized apps or Dapps.
In short, there are many sectors in which Ethereum is creating value and offering utility. Industries, from entertainment to real estate and even the healthcare sector, are creating apps and tools based on the blockchain solutions provided by ETH.
experts envision ETH reaching a valuation of $40,000 by 2030. While this might seem ambitious, it is not entirely implausible. Several compelling factors, such as its comprehensive market strategy, unique model, scalability solutions, and leadership in various decentralized applications, have positioned ETH at the forefront of the cryptocurrency landscape
$ETH
#EthereumFuture
Ethereum has played a vital role in expanding blockchain technology, offering blockchain projects, faster transactions, enhanced efficiency, and decentralized applications to industries across the globe. Let’s take a look at the critical use cases of ETH, which are extensive and expanding at a breakneck pace:
Decentralized Finance (De-Fi)
Decentralized Autonomous Organizations (DAOs)
Smart Contracts
Non-Fungible Tokens (NFTs)
Decentralized apps or Dapps.
In short, there are many sectors in which Ethereum is creating value and offering utility. Industries, from entertainment to real estate and even the healthcare sector, are creating apps and tools based on the blockchain solutions provided by ETH.
experts envision ETH reaching a valuation of $40,000 by 2030. While this might seem ambitious, it is not entirely implausible. Several compelling factors, such as its comprehensive market strategy, unique model, scalability solutions, and leadership in various decentralized applications, have positioned ETH at the forefront of the cryptocurrency landscape
$ETH
#EthereumFuture
What India's National Blockchain Framework means for digital governance: Explained
In a bid to bolster trust and transparency in digital services, the Union government on September 4 launched the National Blockchain Framework (NBF).
Led by the Ministry of Electronics and Information Technology (MeitY), the initiative aims to use blockchain technology to secure citizen-centric applications and support the development of decentralized services.
What exactly is the National Blockchain Framework?
The National Blockchain Framework is a government effort to build a trusted digital e
Led by the Ministry of Electronics and Information Technology (MeitY), the initiative aims to use blockchain technology to secure citizen-centric applications and support the development of decentralized services.
What exactly is the National Blockchain Framework?
The National Blockchain Framework is a government effort to build a trusted digital e
Trump family held deal talks with Binance's US arm !!!
Binance's billionaire founder Changpeng Zhao has been pushing for the Trump administration to grant him a pardon, the report added citing people familiar with the matter
Representatives of President Donald Trump's family have held talks to take a financial stake in the U.S. arm of crypto exchange Binance, the Wall Street Journal reported on Thursday.
Binance's billionaire founder Changpeng Zhao has been pushing for the Trump administration to grant him a pardon, the report added citing people familiar with the matter.
In November 2023, Zhao stepped down as CEO of Binance and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement, resolving a years-long probe into the world's largest crypto exchange.
Binance had reached out to allies of Trump last year offering to strike a business deal with the family as part of a plan to return the exiled company to the U.S., according to the Journal's report.
$TRUMP $BNB
Binance's billionaire founder Changpeng Zhao has been pushing for the Trump administration to grant him a pardon, the report added citing people familiar with the matter
Representatives of President Donald Trump's family have held talks to take a financial stake in the U.S. arm of crypto exchange Binance, the Wall Street Journal reported on Thursday.
Binance's billionaire founder Changpeng Zhao has been pushing for the Trump administration to grant him a pardon, the report added citing people familiar with the matter.
In November 2023, Zhao stepped down as CEO of Binance and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement, resolving a years-long probe into the world's largest crypto exchange.
Binance had reached out to allies of Trump last year offering to strike a business deal with the family as part of a plan to return the exiled company to the U.S., according to the Journal's report.
$TRUMP $BNB
Japan’s Metaplanet Grows Bitcoin War Chest to 4,046 BTC
Japan’s publicly listed bitcoin treasury company, Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), announced on April 1 that it had increased its bitcoin reserves by 696 $BTC during the first quarter of fiscal year 2025. The acquisition was carried out through the company’s Bitcoin Income Generation business, which utilizes a strategy of selling cash-secured put options to generate income and accumulate bitcoin at advantageous prices.
The firm disclosed that the bitcoin was purchased
The firm disclosed that the bitcoin was purchased
XRP Futures to Expand CME Group’s Crypto Derivatives Lineup
CME Group has announced the upcoming launch of $XRP futures on May 19, subject to regulatory clearance. The new offering adds to its growing lineup of crypto derivatives, which already includes $BTC , ether and, more recently,$SOL futures.
Traders will be able to choose between two XRP contract sizes: a micro contract representing 2,500 XRP and a larger 50,000 XRP contract. Both contracts will be cash-settled and priced using the CME CF XRP-Dollar reference rate.
Interest in XRP has steadily in
Traders will be able to choose between two XRP contract sizes: a micro contract representing 2,500 XRP and a larger 50,000 XRP contract. Both contracts will be cash-settled and priced using the CME CF XRP-Dollar reference rate.
Interest in XRP has steadily in
Binance Staked $SOL (BNSOL) represents your staked SOL plus the staking rewards received, in a tradable and transferable form. Ordinary staking would lock up your staked assets, which means you cannot use them for other purposes – it increases a user's opportunity cost.
How to earn Bnsol?
Start earning in 3 steps
1.Stake SOL. Stake SOL and get BNSOL as the tokenized representation on your staked SOL.
2.Get more on your staked SOL. Earn SOL staking rewards by holding BNSOL.
3.Flexibility to Redeem SOL. Redeem BNSOL for SOL.
Therefore Start Staking
How to earn Bnsol?
Start earning in 3 steps
1.Stake SOL. Stake SOL and get BNSOL as the tokenized representation on your staked SOL.
2.Get more on your staked SOL. Earn SOL staking rewards by holding BNSOL.
3.Flexibility to Redeem SOL. Redeem BNSOL for SOL.
Therefore Start Staking
DeFi Development Corporation, formerly known as Janover, has acquired 88,164 Solana (SOL) tokens valued at approximately $11.5 million, expanding its total SOL holdings to around $34.4 million.
Solana surged 12.4% over the last seven days to trade at $143.73, reflecting strong investor appetite and increasing on-chain activity. In the past 24 hours alone, SOL jumped 5.2%, reinforcing its position as one of the most resilient large-cap tokens amid current market
XRP saw minimal movement, holding steady at $2.15 with a modest 1.4% weekly uptick, suggesting cooling momentum despite broader altcoin enthusiasm.
Dogecoin (DOGE) and Cardano (ADA) also saw notable advances, up 10.8% and 5.8%, respectively, over the week
Binance Coin was established with the Ethereum technologies. The Binance Coin market cap is one of the largest on the market and the largest among the ERC-based tokens with over 1,3 billion dollars at the time of writing this article. BNB was developed to become a trading tool on the Binance cryptocurrency exchange. BNB-based transactions are subsidized by the exchange making the coin more attractive to use within it. Due to the large trading volume of Binance and its effective strategy on the new asset, Binance Coin was fast to become a major part of the industry. BNB price is supported by the large number of businesses accepting the coin as a form of payment.
Solana surged 12.4% over the last seven days to trade at $143.73, reflecting strong investor appetite and increasing on-chain activity. In the past 24 hours alone, SOL jumped 5.2%, reinforcing its position as one of the most resilient large-cap tokens amid current market
XRP saw minimal movement, holding steady at $2.15 with a modest 1.4% weekly uptick, suggesting cooling momentum despite broader altcoin enthusiasm.
Dogecoin (DOGE) and Cardano (ADA) also saw notable advances, up 10.8% and 5.8%, respectively, over the week
Binance Coin was established with the Ethereum technologies. The Binance Coin market cap is one of the largest on the market and the largest among the ERC-based tokens with over 1,3 billion dollars at the time of writing this article. BNB was developed to become a trading tool on the Binance cryptocurrency exchange. BNB-based transactions are subsidized by the exchange making the coin more attractive to use within it. Due to the large trading volume of Binance and its effective strategy on the new asset, Binance Coin was fast to become a major part of the industry. BNB price is supported by the large number of businesses accepting the coin as a form of payment.
Hey Guys Use This Below Code To Redeem Some USDT !! Only For first 20 people
#memecoin plays are becoming a valid way for speculators and gamblers to thrive during bull runs. If at all you are looking at this growing class, be ready to lose it all (and therefore allocate a 2% of crypto portfolio into them).
The narrative to follow here is to identify the main memecoins on Layer 1s that are growing well – they give a higher beta to layer 1 assets.
#Etherrum (DOGE, SHIB, PEPE, FLOKI), Solana (BONK, WIF, MYRO) and Avalanche (COQ)
a great ride 2024 has already been! Bitcoin is up 60% year-to-date and is nearing price discovery mode after taking out its previous all-time high. Ethereum, Solana, and other top altcoins have followed the #1 asset’s price action and have registered considerable gains too.
To maximize your crypto portfolio returns, it's prudent to allocate a good share to emerging and upcoming narratives that will drive value in the ecosystem. In our last article, we covered layer-2 solutions, decentralised protocols and gaming ecosystems
AI is the next big narrative globally and crypto-based AI tokens have the potential to deliver decentralized scaling of AI solutions. The frontrunners in this space are Render (RNDR) and Fetch.ai (FET). The risks involved in this space are: how well the general AI narrative takes shape globally and how soon.
#RNDR: is basically a decentralised GPU network. If you have idle GPU at your home, you can loan out that GPU for others to use to implement AI services. A simple yet effective idea. RNDR has a market cap of $3.7 billion currently and can do a 5-8x over the next two years potentially.
The narrative to follow here is to identify the main memecoins on Layer 1s that are growing well – they give a higher beta to layer 1 assets.
#Etherrum (DOGE, SHIB, PEPE, FLOKI), Solana (BONK, WIF, MYRO) and Avalanche (COQ)
a great ride 2024 has already been! Bitcoin is up 60% year-to-date and is nearing price discovery mode after taking out its previous all-time high. Ethereum, Solana, and other top altcoins have followed the #1 asset’s price action and have registered considerable gains too.
To maximize your crypto portfolio returns, it's prudent to allocate a good share to emerging and upcoming narratives that will drive value in the ecosystem. In our last article, we covered layer-2 solutions, decentralised protocols and gaming ecosystems
AI is the next big narrative globally and crypto-based AI tokens have the potential to deliver decentralized scaling of AI solutions. The frontrunners in this space are Render (RNDR) and Fetch.ai (FET). The risks involved in this space are: how well the general AI narrative takes shape globally and how soon.
#RNDR: is basically a decentralised GPU network. If you have idle GPU at your home, you can loan out that GPU for others to use to implement AI services. A simple yet effective idea. RNDR has a market cap of $3.7 billion currently and can do a 5-8x over the next two years potentially.
#Doge #SHIBA✅ 🚀#FlokiTeam
DOGE and SHIB ended the Friday session with gains of 4.58% and 11.73%, respectively. SHIB ended a three-day losing streak. Despite a three-day losing streak, SHIB is on target for another stellar week. After surging by 133.09% in the week ending . SHIB was up 56.52% Monday through Friday. DOGE was up a more modest 6.55% after rallying 79.39% in the week ending
Upward trends in active addresses fueled breakouts as investors returned from the sidelines. BTC remained the market barometer, a Friday record high driving buyer demand for meme coins.
However, FLOKI (FLOKI) stole the show on Friday, surging 66.39% to $0.0002323. FLOKI was up 60% Monday through Friday after ballooning 299% in the week ending March 3. FLOKI has benefited from listings on crypto exchanges and endorsements as a long-term investment opportunity.
Coinhako, a Monetary Authority of Singapore-regulated crypto exchange, listed FLOKI on Friday, March 8. CoinMENA also announced the listing of FLOKI on Friday.
DOGE and SHIB ended the Friday session with gains of 4.58% and 11.73%, respectively. SHIB ended a three-day losing streak. Despite a three-day losing streak, SHIB is on target for another stellar week. After surging by 133.09% in the week ending . SHIB was up 56.52% Monday through Friday. DOGE was up a more modest 6.55% after rallying 79.39% in the week ending
Upward trends in active addresses fueled breakouts as investors returned from the sidelines. BTC remained the market barometer, a Friday record high driving buyer demand for meme coins.
However, FLOKI (FLOKI) stole the show on Friday, surging 66.39% to $0.0002323. FLOKI was up 60% Monday through Friday after ballooning 299% in the week ending March 3. FLOKI has benefited from listings on crypto exchanges and endorsements as a long-term investment opportunity.
Coinhako, a Monetary Authority of Singapore-regulated crypto exchange, listed FLOKI on Friday, March 8. CoinMENA also announced the listing of FLOKI on Friday.
Key Takeaways
Fantom seeks to have Multichain declared bankrupt by the Singapore High Court to recover around $122 million lost in a bridge exploit.
A default judgment has been secured by Fantom, paving the way for the potential appointment of a liquidator to manage asset recovery.
The case highlights ongoing efforts to tackle security vulnerabilities within the blockchain space.
The Fantom Foundation is turning to the Singapore High Court to declare the Multichain Foundation bankrupt.
This action was taken with the aim of recovering around $122 million lost in the exploit of Multichain's Fantom bridge in 2023.
#FANTOM. #TrendingTopic #BlockchainLeaders
Fantom seeks to have Multichain declared bankrupt by the Singapore High Court to recover around $122 million lost in a bridge exploit.
A default judgment has been secured by Fantom, paving the way for the potential appointment of a liquidator to manage asset recovery.
The case highlights ongoing efforts to tackle security vulnerabilities within the blockchain space.
The Fantom Foundation is turning to the Singapore High Court to declare the Multichain Foundation bankrupt.
This action was taken with the aim of recovering around $122 million lost in the exploit of Multichain's Fantom bridge in 2023.
#FANTOM. #TrendingTopic #BlockchainLeaders
#AI #Coindesk #RNDR:
#future_tradin_signal_update
Expectations that a crypto project will be mentioned in an Nvidia (NVDA) conference later this month are driving traders to bid on artificial intelligence (AI)-linked tokens, propelling CoinGecko 's category for the coins up 25% in 24 hours.
Tokens of Fetch.AI (FET), Render Network (RNDR), Sleepless AI (AI) and SingularityNET (AGIX) climbed as much as 40%. These projects claim to utilize AI in various ways, such as providing a virtual companion and being a marketplace for graphic processing cards.
Behind the surge are reports that crypto AI project developers are attending the chipmaker's conference or taking part in panels, according to Lookonchain. The event will be held from March 17-21. The advance compares with bitcoin’s 0.3% increase and a 0.4% gain in the CoinDesk 20, a broad-based liquid index of major tokens.
#future_tradin_signal_update
Expectations that a crypto project will be mentioned in an Nvidia (NVDA) conference later this month are driving traders to bid on artificial intelligence (AI)-linked tokens, propelling CoinGecko 's category for the coins up 25% in 24 hours.
Tokens of Fetch.AI (FET), Render Network (RNDR), Sleepless AI (AI) and SingularityNET (AGIX) climbed as much as 40%. These projects claim to utilize AI in various ways, such as providing a virtual companion and being a marketplace for graphic processing cards.
Behind the surge are reports that crypto AI project developers are attending the chipmaker's conference or taking part in panels, according to Lookonchain. The event will be held from March 17-21. The advance compares with bitcoin’s 0.3% increase and a 0.4% gain in the CoinDesk 20, a broad-based liquid index of major tokens.
#Solana🚀 has emerged as a standout performer, with its price doing a 10X surge. This surge in price, particularly in the aftermath of the FTX collapse, has been remarkable. This is a story of Solana's resilience but also highlights how it survived a particularly bleak crypto winter. Let's do a deep dive into the factors driving Solana's ascent and speculate on its future.
Solana stands at the forefront of the next generation of blockchain technology.
The success of these DEXes, alongside the proliferation of NFT marketplaces and the viral uptake of meme coins such as BONK, exemplifies Solana's capacity to host and support a diverse range of blockchain applications, setting a new benchmark for scalability and user engagement in the cryptocurrency space #BONK.
Solana stands at the forefront of the next generation of blockchain technology.
The success of these DEXes, alongside the proliferation of NFT marketplaces and the viral uptake of meme coins such as BONK, exemplifies Solana's capacity to host and support a diverse range of blockchain applications, setting a new benchmark for scalability and user engagement in the cryptocurrency space #BONK.
Is Investing in Cryptocurrency Safe?
The cryptocurrency market has seen the good side as well as the worst side of the market, be it post-Russia-Ukraine effects, Terra-Luna crash, FTX collapse or tightened tax regulation, it has witnessed roughest storms during the past few years.
The year 2024 gave a fresh start to the crypto world, showing positive signs of recovery. Crypto investors believe that in situations like this, investing in stable digital currencies like Bitcoin and Ethereum in SIP format is a safe choice. Crypto experts consider that in the overall portfolio, investors should just look at investing just the 5% exposure to cryptocurrencies. The most important part is to invest only a miniscule amount and not all your life savings as the market is highly volatile and there are chances of you losing it all.
The cryptocurrency market has seen the good side as well as the worst side of the market, be it post-Russia-Ukraine effects, Terra-Luna crash, FTX collapse or tightened tax regulation, it has witnessed roughest storms during the past few years.
The year 2024 gave a fresh start to the crypto world, showing positive signs of recovery. Crypto investors believe that in situations like this, investing in stable digital currencies like Bitcoin and Ethereum in SIP format is a safe choice. Crypto experts consider that in the overall portfolio, investors should just look at investing just the 5% exposure to cryptocurrencies. The most important part is to invest only a miniscule amount and not all your life savings as the market is highly volatile and there are chances of you losing it all.
WHY MARKET IS GOING DOWN
The crypto market is swinging from left to right, comfortable in limited range and smooth curves. The FTX fallout in the year 2022 shook the market and turned it downside. This year gave a fresh and positive perspective to major cryptocurrencies like Ethereum and Bitcoin, which gradually turned green helped by the relaxed macroeconomic situation of macroeconomic and cooling inflation. As of March 4, 2024, BTC is trading at an exceptionally high level of $63, 667 around 7.78% low from it’s all-time high and ETH at $3,472 that’s around 29.1% low from it’s all time-high.
Nevertheless, the market sentiments have slowly turned from fear to greed and then to neutral. This is the nature of the crypto market which is highly volatile and unpredictable. The cryptocurrencies were showing a sign of stability last month but due to the U.S. inflation and its impact on liquidity.#TrendingTopic #BTC
The U.S. Federal Reserve’s stance on interest rate hikes has moved the crypto market upside down. Bitcoin crossed the level of $31,000 in July 2023 and is again at a low in August 2023 at $27,000 but has shown immense recovery in October at the level of $34,495 and as of today it is at outstanding levels of $63,000. This has left the crypto investors hooked and nervous.
The current volume in the digital crypto market stands at $110.43 billion. However, if we talk about the world’s largest cryptocurrencies, Bitcoin and Ethereum were at the top of the charts till last month and showing signs of recovery. As of March 4, 2024, Bitcoin is trading at $63,667 and Ethereum is trading at $3,472.
The crypto market till now has no doubt positively responded to the global finance uncertainty and is still standing strong amid tightening credit situations with shaky bond market volatility. Crypto cannot sail alone, for a balanced atmosphere all other financial assets have to follow the same sentiments.
The crypto market is swinging from left to right, comfortable in limited range and smooth curves. The FTX fallout in the year 2022 shook the market and turned it downside. This year gave a fresh and positive perspective to major cryptocurrencies like Ethereum and Bitcoin, which gradually turned green helped by the relaxed macroeconomic situation of macroeconomic and cooling inflation. As of March 4, 2024, BTC is trading at an exceptionally high level of $63, 667 around 7.78% low from it’s all-time high and ETH at $3,472 that’s around 29.1% low from it’s all time-high.
Nevertheless, the market sentiments have slowly turned from fear to greed and then to neutral. This is the nature of the crypto market which is highly volatile and unpredictable. The cryptocurrencies were showing a sign of stability last month but due to the U.S. inflation and its impact on liquidity.#TrendingTopic #BTC
The U.S. Federal Reserve’s stance on interest rate hikes has moved the crypto market upside down. Bitcoin crossed the level of $31,000 in July 2023 and is again at a low in August 2023 at $27,000 but has shown immense recovery in October at the level of $34,495 and as of today it is at outstanding levels of $63,000. This has left the crypto investors hooked and nervous.
The current volume in the digital crypto market stands at $110.43 billion. However, if we talk about the world’s largest cryptocurrencies, Bitcoin and Ethereum were at the top of the charts till last month and showing signs of recovery. As of March 4, 2024, Bitcoin is trading at $63,667 and Ethereum is trading at $3,472.
The crypto market till now has no doubt positively responded to the global finance uncertainty and is still standing strong amid tightening credit situations with shaky bond market volatility. Crypto cannot sail alone, for a balanced atmosphere all other financial assets have to follow the same sentiments.
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