Category: Cryptocurrency news

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Crypto Prices Today April 5: Bitcoin At $67K, Ethereum Nears $3300

The top crypto prices today witnessed a mixed action as the Bitcoin (BTC) price rebounded above the $67,000 level. In addition, the Ethereum price neared the $3,300 mark. Meanwhile, other top altcoins, such as XRP and Solana (SOL) tumbled notably while Cardano (ADA) recovered.

Major Crypto Prices Today

The Bitcoin price was up by 3.28% reaching $67,663.81 at the time of writing on Friday, April 5. On the other hand, it’s trading volume jumped 11.53% to $35.12 billion in the last 24 hours. Whilst, the crypto boasted a market capitalization of $1.33 trillion.

Looking at altcoins, the Ethereum price plunged 0.78% to $3,284.74 at press time with a market valuation of $394.55 billion. Whilst, ETH saw its trading volume drop by 27.98%, reaching $14.90 billion. Meanwhile, the Binance Coin (BNB) price defied the bearish sentiment and gained 3.77%, reaching $577.48. On the contrary, its 24-hour trade volume slumped by 3.67% to $2.26 billion.

The Solana price approached a drop below the $190 mark again. The Solana price declined 3.34%, settling at $182.11. In addition, SOL witnessed a 15.94% crash in trade volume to $3.81 billion in the last 24 hours. Whilst, the XRP price extended lower than the $0.59 level. The XRP price recorded a slump of 1.94%, reaching $0.5879. On the other hand, XRP’s trading volume dipped 5.83% to $2.00 billion.

Meanwhile, the Cardano price tumbled 2.72% to $0.5706 today. Whilst, ADA recorded a 26.08% decline in its 24-hour trading volume, settling at $466.28 million. As the top crypto prices crashed today, the meme coin arena followed suit. The Dogecoin price was down by 5.94% to $0.1743 while its rival, Shiba Inu price dipped by 3.60% and traded at $0.00002616.

Also Read: Bitcoin (BTC) Price: Is Long-Term Holder Selloff A Blessing In Disguise?

Top Crypto Prices Today Are
Pepe Coin (PEPE)

The Pepe Coin (PEPE) crypto, a hyped Solana meme coin, didn’t see much change in price today. At press time, the Pepe Coin price was down by 0.26% to $0.000006737 with a market valuation of $2.83 billion. In addition, the 24-hour trade volume for PEPE slumped 16.19% to $510.13 million.

Pendle Soars 28%

Pendle (PENDLE), an Olympus Pro ecosystem token, recorded an impressive surge of nearly 28% and ranked as the top crypto gainer today. The Ethena price was up by 27.64% to $6.27 at the time of reporting. Moreover, its trade volume skyrocketed by a staggering 229.37% and stood at $332.14 million. Furthermore, the Pendle crypto recorded a new all-time high of $6.63 amid the rally today.

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Bitcoin Bitcoin Investment Cryptocurrency Investment Cryptocurrency news

Best bitcoin investment 2024 in canada for beginners

The best crypto exchanges for Canadian users in 2024:

  • Kraken – The best crypto exchange for Canadian users overall.
  • Coinbase – The most user-friendly crypto exchange.
  • Crypto.com – A powerful crypto trading app with a focus on DeFi.
  • Gemini – A trusted crypto exchange for users from Canada.

Best bitcoin investment 2024 in canada for beginners

1,Casa Bitcoin

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3, 77x Bitcoins

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You can save it in your Bitcoin wallet for safe keeping or a rainy day. Bitcoin is great for saving because there are no banks involved. You are you own bank, banker and customer. However, there is a third option, you can invest it.

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Bitcoin Bitcoin Wallet Cryptocurrency news

Bitcoin Sees Another Big Outflow From Coinbase: This Time $1.2 Billion

Data shows that Bitcoin just saw its second major exit from Coinbase in a week as nearly $1.2 billion worth of BTC left the platform.

A large amount of Bitcoin was just withdrawn from Coinbase

As one analyst explained in a CryptoQuant Quicktake post, cryptocurrency exchange Coinbase just saw 17,000 BTC outflow. The relevant on-chain indicator here is “exchange outflow”, which measures the total amount of Bitcoin being transferred from the wallets of a given centralized exchange.

When the value of this metric is high, it means that investors are withdrawing large amounts from the platform at this time. Holders often place coins in self-custody when they plan to hold them for long periods, so this trend could be a sign that long-term accumulation is occurring in the market.

On the other hand, the low level of the indicator suggests that not many holders are transferring coins from these central entities at the moment. Depending on the trend in the opposite metric, the inflow of coins, such a trend, can be neutral or bearish for the price of the cryptocurrency.

Now, here is a chart showing the trend in Bitcoin exchange production specifically for Coinbase Advanced over the past week:

As the chart above shows, Bitcoin exchange production for Coinbase has skyrocketed over the last day. In total, 17,000 BTC left the platform with this massive withdrawal. At the asset’s current exchange rate, that pile would be worth a whopping $1.17 billion.

It is also evident from the chart that the indicator witnessed a very similar scale increase just a few days ago. Specifically, 16,800 BTC left Coinbase in that withdrawal event.

This would mean that there may have been two major buying moves in the stock market last week. Coinbase is known for being the preferred platform for US-based institutional entities, so it is possible that this potential purchase came from these large traders.

Since the approval of the Bitcoin exchange-traded fund (ETF) at the start of the year, BTC’s price action appears to have been affected by institutional investor moves, as another metric suggested.

Taking this fact into account, these outflows can naturally be optimistic for asset prices if they reflect the presence of buying pressure in the market.

BTC Price

Although this huge outflow happened for the cryptocurrency, its price has fallen, now falling to just $68,500. The following chart shows Bitcoin’s performance over the past few days.

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Bitcoin Cryptocurrency news Ethereum

Binance Launchpool Announces Plans to Launch Trading Support for New Ethereum-Based Synthetic Dollar Protocol

Binance, the world’s leading cryptocurrency exchange, has announced plans to support a new Ethereum (ETH)-based altcoin through its Launchpool platform.

Binance Launchpool, which allows users to stake coins to farm new assets, says its 50th project will be Ethena (ENA), a synthetic dollar protocol.

Ethena aims to provide a crypto-native money solution that does not depend on the infrastructure of the traditional banking system through a synthetic dollar called USDe. The protocol also offers a dollar-denominated savings instrument called “Internet Bonus.”

Explains the project white paper,

“The ‘Internet Bond’ will combine yield derived from staked Ethereum, as well as funding and base spread from the perpetual and futures markets, to create the first on-chain crypto-native ‘bond’ that can function as dollar-denominated savings.” . account instrument for users in permitted jurisdictions.”

Between March 30 and April 2, Binance users can stake BNB and the First Digital USD stablecoin (FDUSD) in separate pools to farm ENA. The exchange then plans to list the asset on April 2.

Binance will attach an initial tag to ENA, which the exchange applies to low-liquidity projects that may experience higher volatility compared to other listed tokens. Binance requires users who own seed tag assets to pass tests every 90 days to ensure they are aware of the risks before trading the tokens.

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Bitcoin cryptocurrency exchange Cryptocurrency news Investment News

Bitcoin Soars to Recover $70,000, AI Predicts Ethereum and Rebel Satoshi Price Rising in Late 2024

Buckle up, cryptocurrency enthusiasts, because the market is taking off! After a brief dip, Bitcoin, the undisputed king of cryptocurrencies, recovered and reclaimed the $71,000 mark. This bullish rise is a welcome sign for investors who were starting to sweat after a period of profit-taking.

But Bitcoin isn’t the only major cryptocurrency it celebrates. Leading altcoin Ethereum and new memecoin Rebel Satoshi are also showing strong signs of life, with experts using artificial intelligence predicting a prosperous end to the year for both.

Bitcoin’s Resilient Recovery

Bitcoin’s recent volatility can be attributed to a classic case of profit-taking after hitting record highs last week.

However, the Federal Reserve’s decision to maintain interest rates and signal possible cuts for the end of 2024 injected a dose of optimism into the market. This and the weakening dollar fueled Bitcoin’s impressive return.

Analysts are cautiously optimistic, but one thing is certain: Bitcoin’s resilience is in sight.

Ethereum Boost After Dencun Update

While Bitcoin is in the spotlight, Ethereum, the innovative altcoin that powers decentralized applications (dApps), is quietly charting its own course. For good reason, Ethereum has consistently been ranked among the best cryptocurrency investments. Its unique blockchain technology allows developers to create secure and transparent applications, fostering a thriving ecosystem.

With the Ethereum Dencun upgrade just completed, experts are predicting even better things for Ethereum in the coming months.

The Dencun update on Ethereum introduces new data storage capabilities aimed at reducing the fee costs of its Layer 2 scaling solutions. The update also implements a fixed limit for validator input to manage the growth of the validator pool and maintain a efficient communication between nodes.

AI predicts a bullish end for Ethereum and Rebel Satoshi

The future of cryptocurrencies may be a murky picture, but artificial intelligence (AI) offers some intriguing insights. AI can predict potential price movements by analyzing large amounts of historical data and market trends. According to recent AI predictions, Ethereum and memecoin sensation Rebel Satoshi could see significant price increases by the end of 2024.

Rebel Satoshi: the renegade memecoin causing a sensation

The memecoin space, once dominated by Dogecoin, has welcomed a passionate new challenger: Rebel Satoshi ($RBLZ).

Inspired by the rebellious spirit of historical figures like Guy Fawkes and Satoshi Nakamoto (the pseudonymous creator of Bitcoin), Rebel Satoshi offers a unique combination of community, utility and investment potential.

Described by some investors as the best memecoin of the moment, Rebel Satoshi has a collection of 9,999 unique NFTs (non-fungible tokens) with exclusive digital art and collectibles. Owning $RBLZ grants users access to a vibrant marketplace, the opportunity to participate in missions and claim rewards, and the ability to stake their tokens for additional benefits.

Enter $RECQ: Feeding the Rebel Spirit

The Rebel Satoshi ecosystem is further driven by a second token, $RECQ, the native transactional token. Think of $RBLZ as the gold standard, the long-term investment that unlocks exclusive membership benefits. $RECQ, on the other hand, is the everyday currency used for purchases in the Rebel Satoshi universe, from arcade games and NFTs to in-game items and merchandise.

The future of cryptocurrencies: a multi-currency universe

The cryptocurrency market is evolving rapidly and it is increasingly clear that there is no “best cryptocurrency”. Instead, a diverse portfolio that includes established players like Bitcoin and Ethereum, along with promising altcoins and innovative memecoins like Rebel Satoshi, could be the key to long-term success.

With the rise of $RECQ fueling the Rebel Satoshi ecosystem and AI predictions predicting a bright future for Ethereum, the cryptocurrency landscape is full of exciting possibilities. As always, do your own research before investing, but one thing is for sure: the future of cryptocurrencies looks optimistic!