Bitcoin breaks $57,000 as on-chain data turns “mostly bullish”The global crypto market cap is $1.74T, a 0.12% decrease over the last day.
Author: Shaurya Malwa Bitcoin, the world’s largest cryptocurrency by market cap, broke the $57,000 price level based on strong fundamentals and favorable on-chain data. Bitcoin broke the $56,000 level Thursday and surged to the $57,000 price level, one that saw a huge selling at last week and a local peak last month. Sentiment for the world’s largest cryptocurrency is strong as there was no major negative news or other setbacks at press time. Data from on-chain analytics service IntoTheBlock shows a “mostly bullish” environment for Bitcoin. Despite that, two indicators predict “bearish” activity while four on-chain trackers show a “bullish” sentiment for the asset’s mid-term price moves. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. 🔥 Trending Sectors
BlockDown is back for 2021!
Mark your calendars as BlockDown Conference returns for a 1 year anniversary special for its 4th iteration on April 15-16. BlockDown 4.0 will welcome a host of the most paramount personalities and experts from the crypto space, as the event celebrates the bull market of 2021 with keynotes, panels and topical discussion. Organisers EAK Digital, a leading blockchain marketing agency, are excited to welcome Francis Xavier Suarez - Mayor of Miami, Akon - Founder of Akoin and Sergey Nazarov - Co-Founder of Chainlink to speak at BlockDown 4.0. Attendees will experience new interactive and innovative ways to gain exclusive NFTs, join private backstage interactive sessions on the new social media platform, Clubhouse, and much, much more! Click below for your free BlockDown 4.0 ticket. More news ⏬How could Amazon Web Services be unbundled on Web3After 27 long years sitting atop the throne at Amazon’s headquarters, billionaire business tycoon Jeff Bezos has finally decided to call time and step down from his position as CEO – leaving control of his empire to Andy Jassy, who currently heads up the company’s web services department and has done since 2016. 30% of U.K. investors feel they have “missed the boat” for BitcoinA recent survey threw light on how UK investors viewed Bitcoin as an investment. Data shows funding rates for Bitcoin are “warming up again”On-chain data for funding rates shows traders are once again piling into Bitcoin, the world’s largest cryptocurrency by market cap. Radio Host Alex Jones loses laptop containing 10,000 BitcoinControversial figure Alex Jones, who was once dubbed America’s leading conspiracy theorist, claims to have lost a laptop containing 10,000 Bitcoin. This U.S. state could legally recognize Ethereum DAOsDAOs are heralded by many to be the next step in the evolution of cryptocurrencies and blockchain technology, and one US state could end up taking that leap of faith…legally speaking. Bitcoin naysayer JPMorgan creates ‘Cryptocurrency Exposure Basket’The US bank is suddenly turning bullish on Bitcoin’s long-term growth after trying to shun it for years. Three reasons to ride the NFT waveWhy are so many people captivated by the blockchain and crypto world? It’s an infant compared to the traditional financial world; a little unsteady on its feet, still growing and trying to figure things out. 21 Bitcoin (BTC) is now worth over one million dollars, but which would you prefer to have?Bitcoin has rallied 8% today, breaking $54k resistance for the first time since mid-February. Polygon integrates with interoperable token launchpad from DxSale Network, DxLaunchDxSale Network, a cross-chain DAO token management platform, is integrating its DxLaunch token launchpad with the Polygon (ex-Matic Network) network becoming the first launchpad with three blockchain integrations – Ethereum, Binance Smart Chain and Polygon. Cryptonites Dubai: Crypto traders reveal their MOST bullish predictions for Bitcoin in 2021
Ask ten crypto proponents about the prices of Bitcoin a year from now and you’re likely to hear ten widely different answers. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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