Bitcoin and Ethereum are both attempting to tackle major price boundaries, but suspicions over the cause of the rally remain.
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Bitcoin whales push ‘choreographed’ BTC price as Ether nears $2K
Bitcoin (BTC) headed back toward $29,000 into April 5 as data showed whale orders guiding price action.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysis: BTC price push still “bear market rally”
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit $28,780 on Bitstamp.
The pair continued a rebound from one-week lows under $27,300 at the start of the week courtesy of rumors around the Binance crypto exchange and its CEO, Changpeng “CZ” Zhao.
After reclaiming $28,000, Bitcoin saw fresh momentum as Binance order book data showed large-volume “whale” traders buying.
This was not all as it seemed for bulls, monitoring resource Material Indicators nonetheless warned, as those same traders could be artificially pushing the market higher in order to sell closer to $30,000.
Bitcoin whales push ‘choreographed’ BTC price as Ether nears $2K
Bitcoin (BTC) headed back toward $29,000 into April 5 as data showed whale orders guiding price action.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysis: BTC price push still “bear market rally”
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit $28,780 on Bitstamp.
The pair continued a rebound from one-week lows under $27,300 at the start of the week courtesy of rumors around the Binance crypto exchange and its CEO, Changpeng “CZ” Zhao.
After reclaiming $28,000, Bitcoin saw fresh momentum as Binance order book data showed large-volume “whale” traders buying.
This was not all as it seemed for bulls, monitoring resource Material Indicators nonetheless warned, as those same traders could be artificially pushing the market higher in order to sell closer to $30,000.
US President Joe Biden urges tech firms to address risks of AI
President Biden urges technology companies to prioritize secure AI products before public release, stressing the need to address potential risks to society, national security and the economy.
Hong Kong’s crypto rules set a high bar for ‘good reason,’ says SFC advisor
Lucy Gazmararian, an advisory board member to Hong Kong's securities regulator said its crypto rules may present short-term challenges to crypto startups.
Swiss state-owned bank Postfinance to offer Bitcoin trading
PostFinance’s parent firm Swiss Post is known for its pro-crypto stance, working on its own crypto custody services and issuing crypto stamp collectibles.
ETH hits 7-month high ahead of Shanghai and Capella upgrades
Ether has broken the $1,900 resistance level for the first time in months and is currently sitting above $1,911.
ETH hits 7-month high ahead of Shanghai and Capella upgrades
Ether has broken the $1,900 resistance level for the first time in months and is currently sitting above $1,911.
Multiple US state regulators allege AI trading dApp is a Ponzi scheme
The alleged scheme claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could.
Marathon Digital posts quarterly record of 2,195 Bitcoin mined in Q1
With a new quarterly production record, Marathon Digital is now on track to meet its mid-year target of 23 exahashes.
Masa announces soulbound ID tokens for Coinbase's Base Network
The token protocol can be used for a wide variety of applications, including membership badges, loyalty programs, decentralized captcha bots, and credit underwriting.
Crypto could eliminate 97% of traditional remittance fees: Coinbase
U.S. consumers sending international bank transfers pay more than $12 billion annually in remittance fees alone.
Is Dogecoin coming to Twitter? Watch The Market Report
On this week’s episode of The Market Report, Cointelegraph’s resident expert explains why Dogecoin has been pumping and what it has to do with Twitter and Elon Musk.
Is Dogecoin coming to Twitter? Watch The Market Report
This week on The Market Report, Cointelegraph analyst and writer Marcel Pechman breaks down everything that has been happening between Twitter, Elon Musk and Dogecoin (DOGE). He also covers the Changpeng “CZ” Zhao arrest rumors and Japanese crackdowns on crypto exchanges.
Bitcoin price bounces after CZ arrest rumors as traders eye $30K next
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $27,240 on Bitstamp. Its lowest since March 28, the performance followed an outbreak of claims that Binance CEO Changpeng “CZ” Zhao, already under investigation by United States regulators, is now wanted by Interpol. The claims came from an accidental leak of an encrypted tweet by the private Twitter account Cobie, which appeared to lack evidence, resulting in a market rebound. Bitcoin (BTC), however, quickly bounced back and is now trading at over $28,000 and has some investors and industry experts looking toward a pump to $30,000. Could we see this happening anytime soon? Pechman explains the reasoning behind these claims.
Elon Musk changes Twitter icon to Doge after seeking lawsuit dismissal
On April 3, social media giant Twitter changed its icon to that of the symbol on the popular meme token Dogecoin, which is up sharply in light of the news, with its price surging by more than 22% in an hour to $0.09784. The icon change took place platform-wide and is directly visible by the social media giant’s estimated 360 million monthly active users and visitors to the platform alike. Shortly after the icon change, the Twitter and Tesla CEO tweeted a meme, which appears to imply that the change will be around for some time. Is there anything tangible here, or is it just a nothing burger? Should the crypto industry really be paying attention to such news involving Musk and Dogecoin? Pechman has some strong opinions on the matter.
Is Dogecoin coming to Twitter? Watch The Market Report
On this week’s episode of The Market Report, Cointelegraph’s resident expert explains why Dogecoin has been pumping and what it has to do with Twitter and Elon Musk.
Deposits to zkSync surpass $110M as its DeFi ecosystem explodes
Crypto traders are actively investing in projects launching on zkSync as the hype around its potential governance token airdrop increases.
Texas Senate committee moves forward on bill removing incentives for crypto miners
Under the proposed legislation, certain crypto mining firms participating in a program to reduce the load on Texas' energy grid would not receive an abatement on state taxes.
Deposits to zkSync surpass $110M as its DeFi ecosystem explodes
The total amount of funds bridged to zkSync reached $115 million within 10 days of the public mainnet launch as users rush to farm the airdrop of the Ethereum rollup’s expected native token, per L2BEAT data.
The zkSync era mainnet was launched one day after the March 24 Arbitrum airdrop. The median airdrop for eligible wallets was 1,250 ARB, earning its owners around $1,500 in free money. As users rushed to farm the next airdrop, zkSync has emerged as one of the most popular airdrop plays for the market.
The new Zero-knowledge proof (ZK) based Layer-2 is also giving an opportunity for developers to establish an economic moat within the fresh ecosystem by gaining a first-mover advantage. Moreover, these projects also become eligible for an expected airdrop of the platform’s native token, similar to Arbitrum.
DeFi Liquidity on zkSync skyrockets
The total value locked in DeFi applications surged to $50 million on April 4 led by deposits across decentralized exchanges and derivatives trading platforms.
More than 43% of zkSync deposits of $115 million have been added as liquidity across DeFi platforms on the blockchain.
Liquidity protocol Sentiment exploited for over $500K
More than $536,000 was drained from the Synapse Bridge on April 4, according to Ethereum blockchain data.
Fed liquidity injections drive down US Treasury yields, but not Bitcoin price
Regulatory uncertainty and the recent enforcement actions taken against major crypto exchanges reduces the odds of Bitcoin breaking above $30,000 in the short-term, but investors are still bullish.