Kategorie: Crypto Markets

Daily headlines and news about crypto markets.

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Highlights April 7: Major cryptos slide, tobacco brands pop as UK100 falls

The crypto market as a whole is bearish today. UK-listed tobacco firms rose yesterday on the back of a positive trading update from Imperial Brands despite the wider UK100 falling 0.11%.

Top cryptos

Major cryptos had a rough day with Solana dropping around 9% over the past 24 hours, followed by Cardano, Avalanche, Polkadot all falling by more than 7%, and Ethereum and XRP sliding by more than 4% at time of writing. 

Bitcoin was trading above $43,000 at time of writing, down more than 4% over the past 24 hours. Dogecoin reversed yesterday’s gains, falling by 6% today.

Top movers

The situation in the top 100 was similar to that of major cryptos with most tokens falling by around 5%. Axie Infinity was among the bigger losers, shedding 12% of its value. Celo also lost around 12%. 

STEPN is also reversing gains, down 15%. Oasis Network’s ROSE token is down 14%. Audius, the music streaming protocol, lost 13% in the last 24 hours.

Anchor Protocol has gained 11% so far today. This could be on news that Binance is launching a UST staking service in partnership with this ecosystem. 

Binance users can directly pledge UST in the exchange wallet, with the interest rate being the same as the rate on Anchor’s official website, which is 19.63%.

The Mina token, which is said to have copied Cardano’s code, is the only other gainer in the top 100 today. It is up 5%.

Trending

The biggest gainer today is SFK, the token of Safefloki, a play to win game. Its price today is $1.58e-10 and it has gained 520% in the last 24 hours.

The post Highlights April 7: Major cryptos slide, tobacco brands pop as UK100 falls appeared first on Coin Journal.

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Terra’s Do Kwon Buys $230 Million of Bitcoin

Do Kwon targets $10 billion BTC to back TerraUSD (UST).

Terraform Labs founder and CEO Do Kwon added Bitcoin worth $230 million to Luna Foundation Guard’s wallet, buying 5,040 BTC on Wednesday as prices dipped again.

Wednesday saw Bitcoin’s price below $45,000 amid negative market sentiment, providing a “buy-the-dip” opportunity for the Terra CEO. It was an opportunity that had earlier seen MicroStrategy also buy Bitcoin worth $190 million.

Kwon shared the news on Twitter:

„Today I watered my plant, wrote some emails, bought 230M in bitcoin, vacuumed the house, had some McDonalds, now off to walk the dog.”

And with that huge buy, Terra’s Bitcoin for UST reserves has grown to a $1.6 billion stash, with 35,768 bitcoins now held by the LFG.

In March, Kwon announced plans to eventually buy up to $10 billion in Bitcoin, up from an earlier targeted UST reserve of$3 billion. And as of today, the Luna Foundation’s BTC holdings have surpassed those of Tesla (TSLA). Tesla bought $1.5 billion worth of Bitcoin in February last year.

MicroStrategy, which bought an additional 4,167 BTC worth about $190.5 million on Tuesday, is the biggest corporate holder of Bitcoin today. The company now holds 129,218 bitcoins bought at a cost of $30,700. 

The Michael Saylor-led firm’s total cost is around $3.97 billion, with the holdings currently valued at around $6.04 billion.

Bitcoin was trading around $43,660 on Wednesday evening, with the price down 4.6% in the past 24 hours.

The post Terra’s Do Kwon Buys $230 Million of Bitcoin appeared first on Coin Journal.

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Highlights April 6: Major cryptos slide, US stocks dive

Major cryptos were in the red over the past 24 hours. Goldman Sachs will add over-the-counter options for Ether, which comes about a month after the company began with Bitcoin. Ukraine will sell 300 NFTs it received as donations to assist in the war effort.

US stocks slumped yesterday as a senior Federal Reserve governor warned the central bank could tighten monetary policy more aggressively to control inflation. 

Top cryptos

Solana and Avalanche dropped more than 6%, Cardano more than 5% and Ethereum fell over 4.5%. Bitcoin was trading around $45,300 at time of writing, down more than 3% over the past 24 hours.

Dogecoin gained 7% on news that Elon Musk has become a member of Twitter’s Board of Directors and increased his stock in the social media giant.

Top movers

It was mostly a bear market in the top 100 with the majority of coins losing 4-6% of their value. Tezos lost 8%, Internet Computer and Waves each lost 9%, Axie is down 10%, and THORChain shed 12%.  

Celo is down 13%, reversing yesterday’s gains. The same goes for Audius, SKALE, and Moonbeam, which were rallying yesterday too. They lost 8%, 12%, and 13% respectively in the last 24 h.

Among the few gainers were Zilliqa with 3% and Anchor with 6%. There is a new entrant in the top 100. At #90, Neutrino USD is trading for $0.93 with a 24-hour trading volume of $91.8 million.

It’s up 11% in the last 24 hours. Interestingly, Neutrino USD is a stablecoin pegged to the US dollar.

STEPN is the biggest winner with gains of 23%. Binance announced that STEPN had committed a total of $3,000 in GMT tokens as rewards for a Swap Farming giveaway. STEPN also crossed the market cap of $1 billion within a month of their IEO on Binance.

Trending

Charactbit is currently trading for $0.0044 and has added 900% to its value in the last 24 hours. The project’s goal is to promote cultural activities in the cryptocurrency ecosystem. In particular, virtual characters are cited as an important element of the metaverse.

The Charactbit (CHB) token hopes to inspire subculture representatives to become more active in the crypto ecosystem.

The post Highlights April 6: Major cryptos slide, US stocks dive appeared first on Coin Journal.

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Top places to buy Dogecoin, which gained 7% in 24 hours

After Twitter’s announcement of Elon Musk as the newest member of its board of directors, Dogecoin started to rally. Musk agreed to keep his stake to a maximum of 14.9% from the current 9.2%.

This brief guide has everything you need to know about the Dogecoin ecosystem and coin, including whether you should buy it. Here’s where to buy Dogecoin if you choose.

Top places to buy Dogecoin now

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy DOGE with eToro today

What is Dogecoin?

Dogecoin was created as a joke by software engineers Billy Markus and Jackson Palmer. It is both the first dog coin and the first meme coin in history.

It may have started off with a satirical nature, but it’s become a lucrative investment for some. Dogecoin was introduced with its characteristic Shiba Inu logo on December 6, 2013 and its popularity quickly grew.

By the spring of last year, its market cap had passed $85 billion. The crypto started with a cap of 100 billion coins. This had been reached by mid-2015 and another 5 billion coins were put into circulation each year after that.

Should I buy Dogecoin today?

Dogecoin can definitely be worth investing in if your timing is right. Unfortunately, this is often impossible to know in advance. Any investment decision should take your risk tolerance into account. Don’t take any price predictions at face value.

Dogecoin price prediction

Wallet Investor predicted that the price could reach $0.29 in a year’s time. In 2027, they forecast it will trade for $0.86.

Digital Coin Price predicts an average of $0.19 this year, $0.28 in 2025, and $0.66 in 2030. According to Price Prediction, DOGE will be worth $0.16 on average this year, rise to $0.49 in 2025 and to $2.82 in 2030.

Dogecoin on social media

The post Top places to buy Dogecoin, which gained 7% in 24 hours appeared first on Coin Journal.

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You can now buy MULTI, which guarantees universal interoperability: here’s where

The solutions developed by Multichain, which uses MULTI as its native crypto, allow almost all blockchains to interoperate. The token is soaring on news of a series of positive developments and had added 43% to its value at press time.

Look no further than this short article for all the details about MULTI: what it is, is it worth investing in, and the best places to buy MULTI now.

Top places to buy MULTI now

As MULTI is such a new asset, it’s yet to be listed on major exchanges. You can still purchase MULTI using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy MULTI right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‚connect‘ your wallet to it.

4. You can now swap your ETH for MULTI

Now that you’re connected, you’ll be able to swap for 100s of coins including MULTI.

What is MULTI?

MULTI is soaring on news that it now supports a total of 41 blockchains and just under 2,000 tokens. Its cross-chain router protocol supports cross-chain between Ethereum, BSC, Fantom, Arbitrum, Polygon, Avax, Moonbeam, Bitcoin, Litecoin, Polkadot, Cosmos, Terra, Solana, and more.

Multichain is an infrastructure for on-chain asset interoperability, envisioned to be the ultimate router for Web3. Renamed from Anyswap, it aims to serve the needs of different and diverse blockchains so they become interoperable.

Multichain bills itself as a fast, safe, affordable, and reliable way to exchange data and value and exercise control between the chains.

Should I buy MULTI today?

Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money.

MULTI price prediction

Tech News Leader predicts Multichain can go up to $17.58 in one year and $58.28 in 5 years, and break $400 in a decade.

Digital Coin Price is far more bullish, predicting an increase to $31.19 by the end of this year. In 2023, they forecast it will trade for a minimum of $29.09. it can reach $35.04. It will be in the range of $27 – $37 in 2024.  

MULTI on social media

The post You can now buy MULTI, which guarantees universal interoperability: here’s where appeared first on Coin Journal.