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Ethereum (ETH) Surpasses 1,600 USDT with a 1.90% Increase in 24 Hours
According to Binance Market Data, Ethereum (ETH) crossed the 1,600 USDT benchmark and is now trading at 1,601.26001 USDT, with a 1.90% increase in 24 hours.
Ethereum (ETH) Surpasses 1,600 USDT with a 1.90% Increase in 24 Hours
According to Binance Market Data, Ethereum (ETH) crossed the 1,600 USDT benchmark and is now trading at 1,601.26001 USDT, with a 1.90% increase in 24 hours.
Ethereum Foundation Member Highlights Key Solutions for Cross-Chain User Experience
According to PANews, a member of the Ethereum Foundation, joshrudolf.eth, has stated that only a few critical technologies are needed to address 95% of Ethereum's cross-chain user experience issues. Among these, cross-chain messaging is identified as a core component. The ERC-7786 proposal aims to integrate messaging standards through a unified API, providing a secure cross-chain messaging interface for decentralized applications. Discussions on ERC-7786 are scheduled for April 16.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading below $87,000.
The pair had enjoyed support through the day’s Asia trading session, but the start of US hours triggered a familiar downward reversal.
Bitcoin copied US stocks’ lack of momentum, with the S&P 500 and Nasdaq Composite Index both heading lower at the open.
The US dollar index (DXY), traditionally inversely correlated with BTC/USD, conversely nudged three-week highs of 104.46.
US dollar index (DXY) 4-hour chart. Source: Cointelegraph/TradingView
Commenting on the current risk-asset landscape, trading firm QCP Capital retained emphasis on US President Donald Trump’s trade tariffs ahead of a fresh round of measures due to go live on April 2.
“Uncertainty surrounding U.S. trade policy and the broader political landscape remains front of mind. Trump has teased further tariff measures ahead of the April 2nd deadline,” it wrote in its latest bulletin to Telegram channel subscribers.
“However, the market still lacks clarity on the scope, timing and magnitude of these potential actions. Until then, we expect more sideways volatility.”
QCP nonetheless suggested that Bitcoin could still “outperform tactically in the near term,” citing the decision by video game retailer GameStop to add BTC to its corporate treasury.
“While this is not a first in the corporate adoption story, the symbolic weight of GME's meme status could rekindle speculative fervour among retail participants,” it argued.
“As the 2021 playbook reminds us, retail flows, if coordinated, have the power to challenge institutional positioning.”
Continuing the positive theme, popular trader Titan of Crypto had good news for those following the daily BTC price chart.
After three months, he revealed to X followers on the day that Bitcoin had escaped a downtrend, marking the latest in a series of recent reversal cues.
“BTC has just broken out of a 3-month descending channel, signaling a key shift in market structure,” he summarized alongside an explanatory chart.
BTC/USDT 1-day chart. Source: Titan of Crypto/X
As Cointelegraph reported, two key leading Bitcoin price indicators, the relative strength index (RSI) and the Hash Ribbon metric are both giving preemptive upside signals this week.
BTC/USD 1-day chart with RSI data. Source: Cointelegraph/TradingView
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading below $87,000.
The pair had enjoyed support through the day’s Asia trading session, but the start of US hours triggered a familiar downward reversal.
Bitcoin copied US stocks’ lack of momentum, with the S&P 500 and Nasdaq Composite Index both heading lower at the open.
The US dollar index (DXY), traditionally inversely correlated with BTC/USD, conversely nudged three-week highs of 104.46.
US dollar index (DXY) 4-hour chart. Source: Cointelegraph/TradingView
Commenting on the current risk-asset landscape, trading firm QCP Capital retained emphasis on US President Donald Trump’s trade tariffs ahead of a fresh round of measures due to go live on April 2.
“Uncertainty surrounding U.S. trade policy and the broader political landscape remains front of mind. Trump has teased further tariff measures ahead of the April 2nd deadline,” it wrote in its latest bulletin to Telegram channel subscribers.
“However, the market still lacks clarity on the scope, timing and magnitude of these potential actions. Until then, we expect more sideways volatility.”
QCP nonetheless suggested that Bitcoin could still “outperform tactically in the near term,” citing the decision by video game retailer GameStop to add BTC to its corporate treasury.
“While this is not a first in the corporate adoption story, the symbolic weight of GME's meme status could rekindle speculative fervour among retail participants,” it argued.
“As the 2021 playbook reminds us, retail flows, if coordinated, have the power to challenge institutional positioning.”
Continuing the positive theme, popular trader Titan of Crypto had good news for those following the daily BTC price chart.
After three months, he revealed to X followers on the day that Bitcoin had escaped a downtrend, marking the latest in a series of recent reversal cues.
“BTC has just broken out of a 3-month descending channel, signaling a key shift in market structure,” he summarized alongside an explanatory chart.
BTC/USDT 1-day chart. Source: Titan of Crypto/X
As Cointelegraph reported, two key leading Bitcoin price indicators, the relative strength index (RSI) and the Hash Ribbon metric are both giving preemptive upside signals this week.
BTC/USD 1-day chart with RSI data. Source: Cointelegraph/TradingView
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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💥Something huge is brewing in the crypto world! Senator Cynthia Lummis has just reintroduced the $BTC , which could seriously change the game for the original cryptocurrency.
🙄What does the new bill propose?
💰The bill aims to authorize the US government to acquire a whopping one million bitcoins — approximately 5% of the total BTC supply! This move would formalize President Trump's strategic Bitcoin reserve and mark a significant shift in the American government's stance on cryptocurrencies.
💪Top-level security 😎According to the plan, the USA would establish a decentralized network of secure Bitcoin vaults across the country. This ensures the safe storage of the government's crypto assets.
🌕Gradual implementation 🤙The bill would also require the #DepartmentOfTeasury to purchase bitcoins gradually — one million BTC over a five-year period.
🚀What does this mean for the market? 🐳Such a massive Bitcoin acquisition by the USA could substantially impact market conditions and strengthen BTC's position as a recognized reserve asset. What do you think? Will the US government adopt this plan? How will it affect the current market conditions? Share your thoughts in the comments!
💥Maybe we're in for the alt season we've all been waiting for? So I think it's worth looking at other blockchains like $SOL and $TON . 💪Memcoins in SOL have done a great job of ‘pumping’ the blockchain. It was a real boom with memcoins and the SOL rate. Now a similar situation is starting to happen in the #TONBlockchain . 🤑Meanwhile, the Total Value Locked (TVL) on this blockchain looks pretty good because of the attractive Annual Percentage Rates (APR). If you check out STONfi, which is the main DEX on the TON blockchain, you'll find some nice APRin their main liquidity pools. SOME APRs there are: 🚀TON/USD₮, APR - 19% 🚀FPIBANK/TON, APR - 160% 💰 NOT/TON, APR - 25% 💰 PX/TON, APR - 80%