Bitcoin fell sharply toward support at $58,000 after being deflected above $60,500. There was a breakout above the $59,000 level and the price even climbed above $60,000. A high formed around $60,677 and the price is currently consolidating. It traded below the 23.6% Fib retracement level as it moved up from a low of $58,025 to a high of $60,677.
How does Ripple's big court victory compare to XRP's 113% rally.
The bulls are riding XRP's side again as the token crashes by about $1.
According to attorney Stephen Pally, Garlinghouse and Larsen won yesterday when Magistrate Judge Sarah Netburn ruled that "discovery of 8 years of subpoenaed financial records for 3d parties seeking the same was overbroad."
Pally classified the ruling as a "nice early victory" for the defendants but is still skeptical as an indication of the ruling in the case. On the other hand, Galaxy Digital CEO Mike Novogratz said that "Ripple's capital is trading" on the secondary market for up to $3 billion.
Coca-Cola, Netflix, Adobe topple Ethereum as ethereal sets new ATH
With the recent price spike, the net supply of the second crypto is more valuable than the capitalization of leading companies.
According to analytics services that track the capitalization of global companies, commodities, cryptocurrencies and ETFs, Ethereum has entered the top 40 assets by market capitalization.
$769.4 million in bitcoin withdrawn from Coinbase institutions in 10 minutes: Glassnode
Recent analysis shows that large amounts of Bitcoin were withdrawn from the Coinbase exchange over the weekend into cold storage
A recent chart by analyst Glassnode shows that on Sunday, April 11, the cryptocurrency exchange Coinbase, the largest U.S. cryptocurrency exchange, made a jaw-dropping 12,638 Bitcoins on Sunday, April 11.
Financial institutions continue to buy Bitcoin as a hedge against inflation, even though it is now near its peak price.
BITCOIN MINING REVENUES ARE STEADILY RISING AMONG OTHER KEY METRICS
Total Bitcoin Miner revenue has been on a steady upward trend since the beginning of the year, hitting its new all-time high.
According to online analytics site Glassnode, Miner's total revenue now stands at $64 million from newly minted coins and fees, an increase of nearly 400% over last year. It's important to note that this is despite the fact that the block subsidy has been cut in half since the fall.
In fact, Bitcoin mining difficulties have also recently hit an all-time high, up 66% last year and 24% last year. The increase in difficulties in mining, as well as the increase in hash amounts, has led many in the crypto community to believe that the capitulation of miners was inevitable.
In 2021, there have already been twice as many large transactions to buy and sell cryptocurrencies as there were in 2020.
In the first quarter of 2021, twice as many crypto venture capital deals worth more than $50 million have been made than in all of 2020.
Last year, there were four crypto venture deals worth more than $100 million and three deals worth between $50 million and $100 million.
In the first quarter of this year, there were seven deals worth $100 million or more: BlockFi, NYDIG, Dapper Labs, FireBlocks, Blockchain.com.
Grayscale announcements $1 billion in bitcoin in just 24 hours.
Grayscale, which offers crypto exposure to its clients has acquired a large number of crypto assets, worth $1 billion
Bitcoin's largest buyer, Barry Silbert-related Grayscale, bought another billion dollars worth of BTC and other blockchain-based currencies.
As of Friday, the company held a total of $46.1 billion versus the $45.1 billion it had a day earlier, according to its Twitter handle.
Grayscale has established additional cryptocurrency trusts that are backed by these popular algorithms.
Grayscale has acquired a billion dollars in BTC
XRP tokens will soon be able to work with DeFi applications.
WanChain is going to integrate XRP, which will increase yields and liquidity mining
According to a recent announcement by Wanchain CEO Jack Lu, decentralized interchain bridges for XRP, the fourth-largest cryptocurrency, will be operational in the near future on the main network:
Revolut Bank announces support for 11 new cryptocurrencies
Revolut announced its latest cryptocurrency game.
In an official PR release, the firm announced that 11 new tokens will be added to its exchange platform in another attempt to satisfy customer appetite for cryptocurrencies.
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I love ETH
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