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Crypto Price Analysis & Overview April 23rd: Bitcoin, Ethereum, Ripple, Cardano, and Solana

It was a red week all over the cryptocurrency market. Almost everything, with a few exceptions, declined substantially as the total market cap slipped below $2 trillion. Bitcoin Bitcoin saw a turbulent week in which the price dropped by a steep 20% to break beneath $50,000 and reach as low as $47,500 today. The cryptocurrency fell beneath $60,000 at the start of the week as it saw a large spike lower in which it dropped to the $51,440 support (.618 Fib). It managed to rebound from there by the end of the day and closed Sunday’s candle above the 50-days…

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$300 Billion Evaporated From the Crypto Market Cap as BTC Slumps to a 7-Week Low (Market Watch)

Bitcoin’s suffering has only intensified in the past 24 hours with a massive 10% dump to well below $50,000. The alternative coins have it even worse with substantial double-digit price slumps, and the market cap lost roughly $300 billion in a day. Bitcoin Drops Below $50K It was less than ten days ago when everything seemed to be going in BTC’s way as the primary cryptocurrency had just painted its latest ATH record of $65,000. However, the ever-volatile crypto markets turned the tides, and the asset started to lose momentum. This led to Sunday’s vigorous market crash in which bitcoin…

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IOHK’s Charles Hoskinson Responds to Cardano Scam Allegations

IOHK CEO Charles Hoskinson has replied to critics calling Cardano a scam that has not been able to develop any smart contracts since its launch. Baseless Allegations Drive Investors Away  Responding to comments made by Bankless podcast co-owner David Hoffman, Hoskinson noted that over the years, podcasters had used their platform to level baseless allegations on Cardano, calling it a “scam.”  “It is one thing to say you’re skeptical [about Cardano]. It’s another to call [its developers] criminals,” Hoskinson tweeted yesterday. He implied that baseless accusations like Hoffman’s comments are one of the reasons why several potential investors have refused…

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Market Watch: ETH Came Inches Away From New ATH as Bitcoin Dips To $52.5K

Bitcoin’s price continues to suffer as the asset dipped by almost $5,000 in the past 24 hours. Despite recovering some ground, its dominance is agonizingly close to breaking below 50% as some altcoins, including Ethereum and Uniswap, have charted notable gains against the dollar and BTC. Bitcoin Slumps to $52,500 The primary cryptocurrency is still unable to shake off the losses registered during the weekend when it plummeted to a 3-week low of $51,500. In the next few days, BTC attempted to surge higher but failed at $57,500 on Monday and $57,000 yesterday. The latest rejection that came less than…

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Cardano Price Analysis: ADA Bulls Wake Up Following 10% Weekly Drop, What’s the First Target?

ADA/USD – ADA Trades Inside Shallow Rising Price Channel Key Support Levels: $1.05, $1.00, $0.9.Key Resistance Levels: $1.30, $1.50, $1.72. ADA had set a new ATH at $1.57 last week but could not overcome resistance at $1.50, provided by a 1.618 Fib Extension level. From there, it rolled over and started to head lower again. During the Sunday crash, ADA dropped as low as $1.05, where it found support at a .382 Fib Retracement level. It rebounded from there but failed to increase over the past two days, and reached $1.10 yesterday. ADA is still trading inside a shallow rising…

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BTC Dominance at 2-Year Low: ETH Reclaims $2300, BNB Surpasses $600 (Market Watch)

With more positive news in terms of crypto adoption coming from two large companies yesterday alone, bitcoin recovered from its dip to $53,500 and is currently near $56,000. However, most altcoins have charted higher gains and reduced BTC’s dominance over the market to just above 50% – the lowest it’s been in two years. Bitcoin Pumps on Crypto Adoption News The primary cryptocurrency suffered on Sunday with a massive price slump of over $9,000 in hours. Despite bouncing off and regaining several thousand dollars of value in the next two days, BTC failed to increase higher than $58,000. Yesterday seemed…

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Bitcoin Loses Key Support as Bears Continue: ETH Tumbles Towards $2K (Market Watch)

Bitcoin has failed to continue its recovery and has dipped by roughly 4% to below $54,000. Most alternative coins have suffered even more, with the total market cap losing $150 billion in a day. Yet, Dogecoin is the apparent exception with a 25% surge to above $0.4. Bitcoin Falls to $54K As CryptoPotato reported over the weekend, the primary cryptocurrency experienced a massive price slump. The asset fell by approximately $9,000 in hours to a 3-week low of $51,500. Bitcoin bounced off somewhat rapidly and regained more than $6,000 in the next 24 hours. This led to yesterday’s high above…

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Crypto Market Cap Recovers $200B as Bitcoin Tops $57,000 (Market Watch)

Bitcoin has bounced off from yesterday’s massive nosedive and has recovered about $6,000 of value. Most alternative coins have followed along with ETH above $2,200 and BNB north of $530, and the crypto market cap has added roughly $200 billion since yesterday’s low. Bitcoin Adds $6K Since the Dip It seemed that everything was going in bitcoin’s way last week after the asset finally reconquered $60,000 and went even further to a new all-time high of $65,000. However, the cryptocurrency started to retrace slightly on Friday and the situation intensified on Saturday. As CryptoPotato reported, BTC headed south vigorously and…

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Bitcoin Price Dipped Below $52K Amid U.S. Treasury Rumors (Market Watch)

Another wild weekend in the crypto markets as Bitcoin plummeted by about $9,000 in hours amid rumors suggesting the US Treasury Department would charge several financial organizations for laundering money with cryptocurrencies. The altcoin market is also deep in red with double-digit percentages that evaporated more than $350 billion from the crypto market cap. US Treasury FUD Plummeted BTC? As reported yesterday, the primary cryptocurrency had regained over $2,000 of value following its Friday price drop and was changing hands at above $62,000. However, the situation changed vigorously in the past 24 hours. Rumors started to spread that the US…

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Crypto Market Cap Recovers $100 Billion as Bitcoin Reclaims $62K (Market Watch)

Following yesterday’s freefall in which bitcoin risked dipping below $60,000, the asset has bounced off and recovered about $2,000 of value. Most altcoins have also regained some ground, with some more than others. Apart from the top performer DOGE, Bitcoin Cash has spiked by 25% and has re-entered the top ten. Bitcoin Reclaims $62K After the latest all-time high registered earlier in the week of $65,000, the primary cryptocurrency reversed its price trajectory. Bitcoin started to gradually drop in value, which escalated yesterday. As some reports emerged that Turkey will implement a ban preventing digital assets from being used as…

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AgeUSD to Launch as First Stablecoin on Cardano Network

Multinational blockchain technology company Emurgo initially announced the AgeUSD stablecoin in January 2021. The firm has since announced a partnership between the Ergo Foundation, Emurgo, and Charles Hoskinson’s Input-Output Global, the parent company of IOHK. The AgeUSD stablecoin will be available on Cardano as soon as smart contract capabilities are launched on the blockchain, it revealed. Do We Need Another Stablecoin? Emurgo is aiming to prevent events like MakerDAO’s Black Thursday which emerged through vulnerabilities in its Dai collateralization mechanism. A mass liquidation of the vast majority of Maker vaults resulted in around $4 million in Dai being under-collateralized at…

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Crypto Price Analysis & Overview April 16th: Bitcoin, Ethereum, Ripple, Binance Coin, and Cardano

This week was quite bullish for the entire cryptocurrency market. Bitcoin charted a fresh all-time high and so did a lot of other cryptocurrencies. Altcoin season is booming as the BTC dominance continues to decline. Bitcoin Bitcoin saw a 4.2% price hike this week as the coin currency sits at around $60,500. BTC had surged higher throughout the week and set a new ATH at around $65,000 on Wednesday. Unfortunately, it could not close a daily candle above resistance at $63,766 (1.414 Fib Extension) through the week. It has since rolled over from $63,766 and dropped beneath the previous ATH…

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Bitcoin Slumps Below Previous ATH: ETH Reached $2550 (Market Watch)

After nearing $64,000, bitcoin’s price has plummeted by about $3,000 in a matter of minutes and tested $61,000. Most altcoins have followed along south with the apparent exception of Dogecoin. DOGE has painted a new all-time high at $0.3 after a triple-digit price surge. Bitcoin Falls by $3K The primary cryptocurrency had a mainly bullish week in which it finally overcame $60,000 and went on to register consecutive all-time highs. Following the latest one at just shy of $65,000, however, the asset reversed its price trajectory. As reported yesterday, BTC dipped to an intraday low beneath $61,500. The cryptocurrency bounced…

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BTC Breaks ATH But Dominance Declines as ETH Eyes $2500 (Market Watch)

Following the latest all-time high just shy of $65,000 and a subsequent $4,000 retracement, bitcoin has calmed down around $63,000. However, its dominance continues to suffer and is below 53%. This comes amid an impressive increase from Ethereum, which neared $2,500 and marked yet another record of its own. Bitcoin’s ATH and $4K Turbulence As reported two days ago, the primary cryptocurrency had finally broken above its long-time nemesis at $60,000. Furthermore, the asset continued upwards to new all-time high levels on the same day at about $63,000. Yesterday seemed even more bullish as BTC added roughly $2,000 of value…

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Cardano Prepares for Plutus Powered Smart Contracts

Cardano has released more details on Plutus, it’s native programming language that will be used to write smart contracts after its next major upgrade, Alonzo. In a blog post on April 13, IOHK – the firm behind Cardano – explained that Plutus contracts consist of parts that run on-chain and parts that run on a user’s machine off-chain. It added that both parts are actually written in the Haskell programming language but are compiled by Plutus which provides the framework for smart contracts on Cardano. Bitcoin Inspiration Just like Bitcoin, Cardano uses the UTXO (unspent transaction output) model where the…

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Cardano Price Analysis: ADA Sets New ATH Above $1.5

ADA/USD – Bulls Set New ATHs Above $1.50 Key Support Levels: $1.37, $1.20, $1.15.Key Resistance Levels: $1.56, $1.62, $1.69. Cardano saw a strong 17% price surge this week, allowing the cryptocurrency to finally break $1.50 and set a new ATH at $1.56. Before this price move, ADA struggled to close a daily candle above $1.37 (1.414 Fib Extension). It had reversed from $1.37 toward mid-March and dropped until support was found at an ascending trend line. In the first few days of April, ADA established strong support at $1.15 as it started to push higher again. The resistance at $1.37…

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Crypto Blast: Bitcoin ATH Around $65k, Ethereum at $2400 (Market Watch)

It took precisely a month, but bitcoin finally breached its previous all-time high yesterday and hasn’t looked back since. However, its dominance continues to decline as most altcoins have surged even more, with Ethereum touching $2,400 and XRP closing down to $2. Bitcoin’s Latest ATH at $65K The primary cryptocurrency seemed stuck beneath $60,000 for a while. Most attempts to break above it were met with violent rejections that drove its price south. However, the situation changed in the past few days as BTC finally reconquered its nemesis. After standing above $60,000 for a day or two, the community speculated…

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Bitcoin Comes Inches From ATH as Ripple Price Surged to $1.6 (Market Watch)

Bitcoin has remained above its nemesis at $60,000 and even came less than 1% away from breaking its own ATH record. Some altcoins have marked substantial gains, including another ATH for BNB yesterday and a massive double-digit pump for Ripple to $1.6. Bitcoin Came $450 Away From its Record The primary cryptocurrency’s story with $60,000 continues. After finally breaking above it on Saturday, the asset dumped well below on Sunday. However, the bulls kept pushing upwards yesterday, which led to another breakout attempt. This time, BTC reached $61,200 (on Bitstamp). Another retracement followed but bitcoin ultimately prevailed over $60,000 and…

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Market Watch: BTC Tests $61K While BNB Skyrockets 150% in 2 Weeks

Bitcoin’s prolonged story with the $60,000 price mark continues as the asset has spiked above it once again. However, its dominance keeps suffering as some altcoins have marked substantial gains. Binance Coin stands out with a massive double-digit price surge and yet another ATH at above $570. Bitcoin Flirts With $60K Again The primary cryptocurrency continues its fight with its round-numbered nemesis $60,000. As reported on Saturday, it seemed that the asset’s struggles were finally behind it as BTC spiked above it and even reached a 3-week high of $61,200. However, Sunday turned out to be a different story as…

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Bitcoin Struggling at $60K: Stellar (XLM) Enters Top 10 After 25% Surge (Market Watch)

Despite overcoming its nemesis at $60,000 yesterday, bitcoin’s struggles with that particular benchmark level continue as the asset has dipped beneath it. Most altcoins have also retraced slightly, with the apparent exception of Ripple (XRP), which surged to a new 3-year high of $1.4 following more positive news in the ongoing legal battles with the SEC. Bitcoin Dips Below $60K Once Again After a three-week-long wait, bitcoin finally overcame $60,000 yesterday. Furthermore, the cryptocurrency kept going upwards and charted a high of $61,200. However, the situation has changed since then. Just as the community was over joyous with the developments,…

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