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Here’s Why Bitcoin Price is Signaling Upside Continuation To $65K
The price of Bitcoin began a new rise and cleared $62,000 resistance against the U.S. dollar.
Bitcoin began a new rise after it broke a major resistance zone of $61,120. It opened the door for more gains over the $62,000 resistance zone.
The price has even cleared the $63,000 level and is trading to a new all-time high of $63,862. It is now trading well above the $62,500 level and the 100-hour simple moving average. Immediate support is forming near the $62,850 level.
Ethereum hits an all-time high of $2,350, outperforming Intel Corp.
The world’s second-largest cryptocurrency Ethereum rose 8.27%
The world’s second-largest cryptocurrency, Ethereum, rose 8.27% to a new record high of $2,350, with its market capitalization surpassing $270 billion. During this recent rise in ETH prices, Ethereum has outgrown some of the world’s largest companies. With its recent move, Ethereum has surpassed the size of Intel Corporation.
Dogecoin reached a new all-time high as bitcoin stabilized at over $63,000
With the rise in mass interest in cryptocurrencies and the overall market value of cryptocurrencies, Dogecoin, endorsed by famous celebrities such as Elon Musk, rose accordingly.
The price of Dogecoin rose 47% on April 14 to a record high of $0.1210. Judging by the hourly candlestick chart, along inverted hammer formed at 1 a.m. on April 14, indicating that a large number of sell orders were triggered at around $0.1200. This position will be a resistance level to the rollover.
XRP rose to $1.85 as Ripple executives filed a motion to dismiss the SEC lawsuit.
In the last 24 hours, the price of XRP has risen 27% and more than 69% on weekly charts.
Ripple’s XRP seems to be unstoppable, as the world’s fourth-largest cryptocurrency recently surpassed $1.85 and its market capitalization topped $82 billion. XRP is currently trading at a 3-year high and at levels last seen during the 2018 altcoin bull run.
Reference direct listing price on Coinbase set by Nasdaq at $250 per share
The Nasdaq U.S. stock market gave Coinbase a reference price of $250 per share ahead of its planned direct listing today, Wednesday, April 14.
The valuation puts Coinbase, the largest U.S. cryptocurrency exchange, at $49.19 billion, ahead of its historic stock debut today. The reference price set by the Nasdaq stock exchange reflects recent private market trading and contributions from investment bankers. However, the reference price does not indicate where the crypto exchange’s share price will start trading on the public stock market.
Enso raises $5 million to build a decentralized social commerce platform
Enso Finance, a project aimed at creating a dedicated social trading platform on Ethereum, has raised $5 million.
The round was led by venture capital firm Polychain Capital and Dfinity Beacon Fund. Funding for the round involved participation from companies such as Multicoin Capital, P2P Capital, and Spartan Group, as well as angel investors from Synthetix, Messari, Aave, and others, according to a post announcement.
ConsenSys closes $65 million funding round backed by JPMorgan, Mastercard, and others
ConsenSys, headquartered in Brooklyn, has raised $65 million in new funding.
ConsenSys, an Ethereum-focused software company, has raised $65 million from a group that includes a couple of major banks, a leading financial services company, and a host of startups and investors in the digital asset industry.
According to a press statement, JPMorgan is among those backing the formation round.
DAILY BITCOIN TRANSACTION VOLUME GROWTH APPROACHING THE $10 BILLION MILESTONE
The recent ongoing rally in the cryptocurrency market has solidified the asset class as a real contender in the financial space.
The cryptocurrency market’s recent ongoing rally has solidified the asset class as a real contender in the financial space, as Bitcoin has dealt a serious blow to gold and targeted the dollar itself.
Nvidia estimates $150 million in revenue from a new mining product in the first quarter of fiscal 2022.
Computing hardware maker Nvidia is projecting $150 million in revenue from its line of cryptocurrency mining products.
The $150 million revenue estimate was included in an April 12 release, which came a few months after the firm confirmed that it would produce and sell so-called cryptocurrency mining processors, or CMPs. The move came in February when the company was responding to protests from its customer base of gamers over the supply of GPUs being bought up by crypto miners after they hit the market.