Bitcoin Financial News

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.  

As soon as SafeMoon upgraded its smart contracts, an exploiter detected and exploited a bug in the code that led to theloss of $8.9 million from the memecoin’s liquidity pool.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

At press time, Cardano (ADA) was displaying indications of independence from the larger cryptocurrency market, underscoring its strength as a stand-alone commodity. This distance from other well-known cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) is evidence of ADA’s distinct price trajectory and long-lasting rise, which has lasted for more than a month.

Bitcoin (BTC) stayed on course for its highest weekly close in ten months on April 2 as $28,000 held.

The price of Bitcoin has been a topic of much discussion among investors and cryptocurrency enthusiasts alike. With the support level at $28,500 holding strong, many are wondering about the future direction of the world's largest cryptocurrency. 

The United States government has announced plans to sell more than 41,000 Bitcoin that were seized as part of the case against Silk Road creator Ross Ulbricht. The news comes from a filing submitted to the U.S. District Court for the Southern District of New York on March 31, which detailed the ongoing proceedings against James Zhong.

The crypto market, led by the quarter-reviving Bitcoin [BTC], had a march full of ups and downs in between cynical and optimistic views. Nevertheless, the king coin could end the month with a 21.49% 30-day hike. However, there has been some development around the market propelled by macroeconomic factors and cycle reversal.

While stablecoins were designed to maintain a stable value, recent months have demonstrated that they are not impervious to the volatile swings in the cryptocurrency market. Furthermore, their close association with the fluctuations in Bitcoin’s [BTC] value has become increasingly evident over time.

For the first time in over two years, the short-term holder realized price of Bitcoin [BTC] has surpassed the long-term holder’s realized price, a signal that has previously marked the end of previous bear markets . 

As the cryptocurrency market continues to experience significant volatility, all eyes are on Bitcoin (BTC), the original digital asset, to determine its potential trajectory. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

One of the biggest talking points in the crypto space over the last few weeks has been the meteoric rise of Ripple [XRP]. Ripple Labs, which has been locked in a controversial, two-year-long lawsuit, saw the price of its native token surge 15% over the last seven days and nearly 16% from what it was a month back, data from CoinMarketCap revealed.

Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypto ATMs were removed from the network, bringing down the total ATMs to 33,727.

As Bitcoin and Ethereum continue dominating the cryptocurrency market, traders and investors are closely watching their price movements. Over the weekend, both Bitcoin and Ethereum have been trading within a narrow range, causing some concern among traders. 

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

cryptocurrency market experienced a significant surge, with Bitcoin leading the charge and gaining over 30%. The rally can be attributed to several factors, including a massive short squeeze, a billion-dollar buy by Binance, the Fed's response to the banking crisis, and news on Ethereum's upcoming update. Over $300 million in leveraged BTC short positions were liquidated, resulting in over $300 million in buying pressure for BTC. This is a substantial amount during a bear market when it doesn't take nearly as much money to move prices up or down. The rally was also helped by the fact that Binance turned $1 billion worth of BUSD into BTC, ETH, BNB, and other unnamed cryptocurrencies. Another factor is the official announcement of the Ethereum Shanghai hard fork update date (April 12), which will allow users to withdraw their staked ETH and is expected to stimulate Ethereum market demand. Institutional investors are expected to find ETH more appealing because they love yield, and the ability to earn a yield on what is effectively the next network for payments is an attractive prospect. It is believed that many institutions were hesitant to stake ETH because it wasn't possible to unstake, but this will change with Shanghai, and millions, if not billions, of dollars could flow into ETH in the days and weeks that follow. BTC is also considered sensitive to changes in money supply, and as such, many have argued that the increase in the size of the Fed's balance sheet is the key driver of the rally.

El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, made another historic decision to eliminate all taxes on technology innovations. The move runs parallel to the establishment of the National Bitcoin Office (ONBTC) of El Salvador, a.k.a. the Bitcoin office.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

In the world of cryptocurrency, investors are always on the lookout for the next big thing. While Bitcoin has been the dominant player in the market for years, there is always speculation around its price movements. The technical analysis predicts that BTC will dip below $25,000 before bouncing back up.