An overview of the cryptocurrency market Saturday, April 3

An overview of the cryptocurrency market Saturday, April 3

Bitcoin dominance falls to its lowest level in 7 months

While most alternative coins have made significant gains over the past few days, bitcoins have stopped below the 60,000 level. The first cryptocurrency in the market has been struggling with this particular price line for some time, but all its repeated attempts to overcome this resistance have failed every time and pushed it down.

In the last 24 hours, BTC was only a few hundred dollars away from touching $ 60,000 again, but subsequent corrections reduced the asset to its lowest daily level of $ 58,500.

Despite recovering several hundred dollars worth of bitcoin and trading above $ 59,000 at the time of this writing, bitcoin dominance has suffered a major blow. In fact, the benchmark for comparing the BTC market value with other encrypted assets has dropped to 58.4%. This is the lowest level of bitcoin dominance in the crypto market since mid-September 2020. It should be noted that this criterion in early January 2021 was much higher than 70%.

Polkadat ranks fourth in the market

The last few days have been quite bullish for the Altcoins market. Atrium has led the way with the formation of several consecutive daily green candles, and as a result of these developments, it was able to conquer the territory of $ 2,000 again yesterday.

Of course, the market's second cryptocurrency did not stop here and continued to advance until a new downturn of around $ 2150 (on Bitstamp). Despite some modifications since then, ETH is still trading above $ 2,100.

Bainance Quinn fell slightly from yesterday's record above $ 350 and traded around $ 340. Cardano and Theta have had minor gains, while LightQueen (6%), Ripple (12%) and Uni Swap (11%) are all green.

Nevertheless, Polkadat had the most significant performance among the top 10 currencies in the market, with a significant increase of 22% on a 24-hour scale. As a result, DOT became the fourth cryptocurrency in terms of market value, setting a new record at $ 46.5.

Double-digit growth in tokens such as Holo (57%), Livepeer (42%), BitTorrent (19%), EOS (14%), Solana (13%) and Cosmos (12%) is also significant.

Finally, the total market value of cryptocurrencies remains above $ 1.9 trillion, but it is still about $ 30 billion before it touches $ 2 trillion for the first time.

Paris Hilton: I'm interested in bitcoin

Paris Hilton: I'm interested in bitcoin

Paris Hilton, who has now become a trader, appeared as a bitcoin holder in a recent interview on CNBC's Closing Bell program on Thursday.

The influencer, who was first recognized as the heir to the $ 4 billion Hilton luxury hotel empire, says he has been interested in bitcoin for some time and claims he is "very excited" about bitcoin. Which is definitely the future of bitcoin.

He is working with several other artists to present his first NFT token this month.

The Hilton perfume empire has sold more than $ 2.5 billion over the past 15 years, and the net worth of the businesswoman has exceeded $ 300 million, despite the fact that her grandfather, Baron Hilton, donated her inheritance to charity in 2007. gone.

Ripple reached its highest price level in 39 days

Ripple reached its highest price level in 39 days

Ripple's cryptocurrency, XRP, hit $ 0.609 yesterday. Following this important achievement in the Bitstamp exchange, Ripple managed to reach its highest price level since February 22. At that time, XRP briefly touched the $ 0.65 level.

Ripple is confident of winning the court

The token experienced a massive crash in late December last year following a lawsuit filed by the US Securities and Exchange Commission against Ripple.

Holders of XRP currency, who have recently been able to file a lawsuit, claim that the lawsuit has resulted in "multibillion-dollar damages" to them. In his latest interview with CNN's Julia Chatterley, Ripple CEO Brad Garlinghaus assured CNN that the blockchain company would "win" the lawsuit.

It should be noted that the legal battle of this company with the Stock Exchange and Securities Commission has entered its fourth month.

6 multipurpose wallets for Android

6 multipurpose wallets for Android

In this article, we want to introduce you to wallets through which you can store and manage several of your digital currencies. You know that choosing a wallet is not easy and each of them has advantages. And they have their drawbacks. In this article, you will get acquainted with 6 top wallets that have been selected based on the popularity of these wallets in the Google Play store, the number of digital currencies they support, security and a number of other unique features.

 

Wallet (Blockchain.info)

    Release Date: 2013
    Supported platforms: iOS, Android, Web
    Supported digital currencies: BTC, BCH, ETH
    Private key: Available to third parties (Blockchain.info)
    Security: 2FA, multiple signatures
    Built-in Exchange: Activated by ShapeShift
    Ability to buy by credit card: Yes
    Number of installations on Android devices: more than 1 million people

 

The Blockchain.info website offers a wallet that is available to users in 37 different languages. Users of this wallet can buy ether digital currencies, bitcoins, bitcoin cache through their credit cards. Blockchain.info, like Kevin Base, holds users' private keys. This website is also a bitcoin blockchain browser and users can follow the information inside the bitcoin network through it. This information includes transactions, blocks, wallets and many other information that this site provides to you. One of the best information this site provides is that you can get accurate information about your transaction by entering a transaction hash (TxHash).

 

Wallet (Coinbase)

    Release Date: 2013
    Supported platforms: iOS, Android, Web
    Supported digital currencies: BTC, BCH, ETH, LTC
    Private key: In the possession of a third party (Kevin Base)
    Built-in: Activated by ShapeShift
    Ability to buy by credit card: Yes
    Number of installations on Android devices: more than 5 million people

 

One of the oldest and most popular wallets in the digital currency market is the Quinn Base. Interestingly, inside this wallet, you can exchange your assets with other digital currencies.

 

One of the drawbacks of this wallet is that the users' private key is in the possession of Kevin Base. Of course, the makers of this wallet have slightly alleviated this problem by offering security features such as 2FA, the ability to assign multiple signatures and the ability to use offline (Cold Storage). It is true that people all over the world can use this wallet, but we must keep in mind that the country of manufacture of this wallet is the United States of America and some of its features are only available to those who are American citizens.

 

Kevin Base and its users have been hacked a lot so far, but Kevin Base has insured people's assets.

 

Wallet (FreeWallet)

    Release Date: 2016
    Supported platforms: iOS, Android, Web
    Supported digital currencies: BTC, ETH, BCH, LTC, XMR, ARDR, BCN, BNT, BTG, DASH, DCT, DOGE, EOS, FCN, GUP, IGNIS, LSK, NEO, NXT, PTOY, USDT, XDN, XEM , XMO, ZEC
    Private key: Available to a third party (FreeWallet)
    Security: 2FA, multiple signatures, offline use (Cold Storage), email confirmation, transaction limit
    Built-in: Activated by Changelly
    Ability to buy by credit card: Yes
    Number of installations on Android devices: more than 1 million people

 

The FreeWallet team, unlike other wallet makers, has created a wallet for each of the digital currencies. With FreeWallet wallets you can store 25 coins and a large number of ERC20 standard tokens. FreeWallet also holds users' private keys and offers security features such as 2FA, the ability to use multiple signatures for the transaction, a confirmation email to send the transaction, and restrictions on the amount of the transaction. It also provides users with the ability to store assets offline (Cold Storage). One of the salient features of a FreeWallet wallet is the support service that sets it apart from the rest.

 

Wallet (Coinomi)

    Release Date: 2014
    Supported platforms: iOS, Android
    Supported digital currencies: 154 coins and tokens including bitcoin, ether and bitcoin cache
    Private key: Available to the user
    Security items: -
    Built-in: Activated by Changelly \ ShapeShift
    Ability to buy by credit card: None
    Number of installations on Android devices: more than 500,000 people

 

Coinomi wallet is one of the most popular wallets for digital currencies that supports a large number of coins and tokens. Coinomi wallets allow you to easily participate in ICOs and hold tokens that are not supported in other wallets. Another distinctive feature of the Coinomi wallet is that the user has a private key, which is why this wallet does not have additional security features.

 

Wallet (Jaxx)

    Release Date: 2014
    Supported platforms: iOS, Android, Chrome extension, OS X, Windows, Linux
    Supported digital currencies: 69 coins and tokens including bitcoin, ether and bitcoin cache
    Private key: Available to the user
    Hair

Security word: -
    Built-in: Activated by ShapeShift
    Ability to buy by credit card: None
    Number of installations on Android devices: more than 500,000 people

 

The Jaxx wallet was created by Anthony Diorio, one of the founders of Atrium, in 2014. This wallet is available to users through many platforms, and this is one of the reasons for its popularity. The Jaxx wallet, like the Coinomi wallet, allows you to easily participate in ICOs and keep coins or tokens that other wallets do not support. You can also connect the Jaxx wallet to the ShapeShift instant exchange and exchange your digital currencies, but keep in mind that this wallet does not allow you to exchange cryptocurrencies backed by Fiat currencies such as Tether and TrueUSD. Give.

 

BRD Wallet

    Release Date: 2016
    Supported platforms: iOS, Android
    Supported digital currencies: Bitcoin, Ether and Bitcoin Cash and up to 100 tokens with ERC-20 standard
    Private key: Available to the user
    Security items: -
    Built-in exchange: Yes
    Ability to buy by credit card: None
    Number of installations on Android devices: more than 100,000 people

 

The BRD wallet supports bitcoin, ether and bitcoin cache, as well as a large number of tokens that meet the ERC20 standard. The distinctive feature of this wallet is that the private key is available to the user and therefore other security issues are not considered. This wallet allows you to buy bitcoins by bank payment. You can also save and store your digital assets from your credit card and Simplex platform. The makers of this wallet have also launched a token called BRD.

Transfer of 127 million XRP tokens by Ripple and Bainance Exchange

Transfer of 127 million XRP tokens by Ripple and Bainance Exchange

In the past 24 hours, Ripple and Bainance Exchange, along with a small exchange, have moved 127.3 million XRP tokens (71,858,922) between their wallets, according to the Whale Alert.

The SEC-battered company transferred 39.1 million XRP tokens to Bainance, and then the same amount of XRP was transferred between Ripple wallets.

As reported by U.Today earlier this week and last week, Ripple has been successful in defending its interests in the legal battle against the US Securities and Exchange Commission, which began in late December 2020. .

The first sign of success is that the federal court has agreed to hold a conference call over Ripple's request to force the SEC to produce documents on the insecurity of Bitcoin and Atrium. This event will be held on April 6 (April 17).

The second step forward is that the XRP Association is now legally allowed to intervene in the lawsuit.

Interestingly, Jay Clayton, the former head of the SEC who took legal action against the company, has now joined the One River Asset Management Fund - which deals with digital currencies including bitcoin and ether.

the cryptocurrency market Thursday, March 25

the cryptocurrency market Thursday, March 25

Bitcoin lost more than $ 6,000 in value

The situation seemed to change in favor of this superior currency after the news of the acceptance of Bitcoin by Tesla as a payment option was published. At the same time, however, Bitcoin rose by several thousand dollars to $ 57,000. But since then, Bitcoin has fallen below $ 6,500 to $ 5,500 a day. Despite the return of the price to the level of $ 53,000, Bitcoin still shows a 4% decrease in 24-hour timeframe.

What is more remarkable than the fall in the price of Bitcoin is the devaluation of the currency below $ 1 trillion. According to Bybt data, the increase in fluctuations since yesterday has led to a decrease of more than $ 2 billion in the total market value of this currency.

Altcoins drown in a sea of ​​blood

After a few days of margin trading, the Altcoins market situation looked good yesterday with slight gains. Atrium pioneered this growth, rising to $ 1,700 and $ 1,740. However, the situation has changed completely in the last 24 hours. The sudden drop of $ 200 in the price of ETH caused this asset to reach its daily low price of $ 1550 a few hours ago. Since then, ETH is still below $ 1,600, down more than 6 percent.

Today, red dominates other altcoins. Binance Quinn (5%) and Cardano (2.5%) reached $ 245 and $ 1.1, respectively.

Polkadat fell 13% to $ 31, Ripple (-10%) fell below $ 0.5, (11.5%) to $ 27, LightQueen (-9%) to $ 175 and Theta (-18%) to around $ 12. .

Theta Fuel (-24%), IOTA (-15%), Ontology (-13%), Phantom (-12%), OMG Network (-12%), Flow (-12%), Ren (-12%) , SushiSwap (-12%) and 0x (-11%) are other fallout altcoins today.

Finally, the cumulative capital of the cryptocurrency market fell by $ 150 billion to $ 1.620 trillion.

Bitcoin Analysis Thursday, March 25

Bitcoin Analysis Thursday, March 25

Yesterday, Bitcoin was able to reach levels above $ 55,500 and $ 56,000 with the start of a proper recovery process. BTC even crossed the $ 57,000 resistance and the simple moving average of 100 (hourly).

However, the currency failed to continue its uptrend further, and as a result, resumed its downward trend after forming a price ceiling at $ 57,235. In the hourly chart of the BTC / USD pair, a price break is seen below a major uptrend line with support near $ 54,220.

The price of Bitcoin fell even below the support level of $ 54,000 and the pivot level of $ 53,200. Following this downward trend, the weekly price floor formed around the level of $ 51634 and bitcoin entered the consolidation phase. The first resistance is near the level of $ 53,000, which is near the correction level of 23.6% Fibonacci, the downward trend of $ 57,235 to $ 51634.

The first major resistance to this market cryptocurrency is near the $ 53,200 pivot level. If we see the price rise again above the $ 53,200 level, the probability of reaching the $ 54500 level increases. The 50% Fibonacci retracement level is down from $ 57,235 to $ 51634 and close to $ 54500.

If the bitcoin correction trend does not lead to levels above $ 53,200 and $ 545,500, in the short term it is more likely to continue its downward trend. In this case, the first support will be close to the level of $ 51,500.

The first major support is now close to the $ 51,000 level, below which the $ 50,000 support area is likely to be touched. Any further price cuts could lead to a move to the $ 48,000 level.

Technical indicators

The hourly MACD for the BTC / USD pair is slowly accelerating in the downtrend.

The hourly RSI for the BTC / USD pair is now below the 40 level.

Main support: $ 51,000 and $ 50,000

Main resistances: 53200, 54500 and 55000 dollars

The bitcoin market value is closer to gold, silver and Apple

The bitcoin market value is closer to gold, silver and Apple

As the bitcoin price continues to rise, the market capitalization of this asset also tries to be as close as possible to the market capitalization of traditional assets such as gold.

Bitcoin now has a market value of $ 1.07 trillion, reaching 9.85% of the market value of $ 10.9 trillion gold. The market value of this cryptocurrency has increased simultaneously with its value since the fourth quarter of 2020. Currently, the market capitalization of this digital currency represents about 53.08% of Apple's $ 2.07 trillion market value. On the other hand, with a market value of $ 1.42 trillion, Bitcoin has been able to reach 76.09% of its market value.

Although Bitcoin is still a long way from reaching the value of the gold market, its proponents believe that as its acceptance by organizations increases, this asset will eventually become a source of excellent value storage.

The resilience of bitcoin and gold was tested during the recession created by the corona pandemic in 2020. The value of bitcoin rose after falling alongside traditional markets in March last year. On the other hand, in August, gold traded above $ 2,000 for the first time, reaching its highest level.

Following the collapse of traditional markets, the situation has strengthened the relationship between gold and bitcoin more than ever. The more people invest in this asset, the more its price will stabilize. It is worth noting that Bitcoin has sufficient liquidity and can be stored with high security with a guaranteed supply limit.

Both assets are out of government control, but gold is in the hands of central banks, and this potentially means manipulating its price. Therefore, Bitcoin proponents believe that the government's lack of control and manipulation of this asset will mean that this asset will eventually overtake gold.

At the same time, Bitcoin fans believe that the market value of Bitcoin will soon even surpass that of Apple. As bitcoin grows in popularity, this could mean wider acceptance in the future.

Micro-investor opinion: Cardano is higher than Bitcoin

Micro-investor opinion: Cardano is higher than Bitcoin

According to a recent survey by cryptocurrency broker Voyager Digital, US investors' outlook on Cardano (ADA) is much higher than that of the market's leading cryptocurrency, Bitcoin (BTC).

The company's digital asset investor sentiment poll, first published by the Decrypt news website, shows that 31.9% of investors surveyed are more bullish than Cardano, while 22.2% are BTC. Have been selected instead of ADA. The results came as Cardano hit a record low of $ 1.5 last month, becoming the fourth-largest currency in terms of market value.

Steve Ehrlich, CEO of Voyager Digital, said:

"Sure, everyone is talking about bitcoin these days, but to name Cardano ahead of the currency is really a big surprise."

Ehrlich added that this sentiment reflects the "passion" that the company's users have for cryptographic assets. After Bitcoin, investors had the "most bullish outlook" on Atrium (12.2%) and Polkadat (6.3%). According to him, the results show that the diversity in the cryptocurrency ecosystem has increased, because investors have more assets to choose from.

The survey of 1385 investors in the United States found that most participants expect the price of bitcoin to reach $ 51,000 to $ 60,000 by the end of this month, in addition to the fact that 80% of respondents said they intend to Buy more bitcoins this month.

The results of the Cardano poll were somewhat predictable, as the cryptocurrency has risen more than 500 percent this year, drawing the attention of small investors.

It is worth mentioning that the search for this cryptocurrency also exceeded the highest figure recorded in 2017 last month, and since then, this upward trend has continued. A Google search for a cryptocurrency is often used to assess the interest of small investors in that currency.

Cardano's price has risen to $ 1.11 after a massive correction from its highest price level of about $ 1.5.

An overview of the cryptocurrency market Thursday, March 11

An overview of the cryptocurrency market Thursday, March 11

Bitcoin, which was close to the last record set at around $ 1,000, was once again rejected and fell below $ 56,000. However, minor corrections among the Altcoins allowed BTC to regain some of its lost dominance in the market.

Bitcoin was only 2% away from its latest record

Over the past few days, the market's top cryptocurrency has been on the rise after falling to $ 47,000. On the other hand, as organizations became more interested in Bitcoin, its price rose.

The incident hit the $ 50,000 level again, but the cows did not stop at that level, pushing the cryptocurrency to its two-week high of about $ 57,000. According to data released by Bitstamp, the highest daily BTC rate yesterday was around $ 57,400. At this time, the distance between Bitcoin and its highest price level reached about $ 1,000 (1.75%). However, the currency failed to defend this level and reached the current level of $ 55647 following the latest price corrections.

What is remarkable is that the bitcoin market capitalization currently remains well above the $ 1 trillion mark.

Increasing bitcoin dominance

The value of more replacement coins increased with their leader. These developments led Atrium to cross the $ 1,800 mark with a $ 400 increase in one day. However, ETH has fallen slightly since yesterday and is below this sensitive level.

Cardano (-5%), Polkadot (-5%), Ripple (-5.2%), Chainlink (-5.8%) and Uniswap (-5%) have lost some of their value in the last 24 hours.

Binance Coin and Litecoin remain almost unchanged, trading at around $ 275 and $ 195, respectively.

As expected, the situation has been significantly more volatile among low and medium market value altcoins. Meanwhile, Theta Fuel had the best performance with 50% growth. It is followed by Hedera Hashgraph (25%), THETA (19%), Basic Attention Token (15%), Zilliqa (12%) and Bitcoin Gold (11%).

Polygon, on the other hand, fell 10 percent, the biggest drop since yesterday. Avalanche (-9%), Decentraland (-9%), Fantom (-6.5%) and PancakeSwap (-6%) are also in the next ranks.

The relative cessation of large market altcoins has helped bitcoin reassert its dominance in the cryptocurrency market. Thus, the benchmark for comparing the market value of BTC with other altcoins has reached above 61%.