Crypto analysts say ‘not a bubble’ even as Bitcoin flirts with $60,000The global crypto market cap is $1.94 trillion with a 24-hour volume of $161.08 billion. The price of Bitcoin is $59,736.55 and the BTC dominance is at 57.4%.
⚡️ Access more crypto insights in every article as a member of CryptoSlate Edge. Learn more Author: Shaurya Malwa Some cryptocurrency market analysts say Bitcoin is not ‘in a bubble’ even as the world’s largest crypto by market cap flirts with the crucial $60,000 price level, a report on British news outlet The Independent noted today. Bitcoin a bubble? “Bitcoin has been on an epic rally since last October. Almost week-on-week, the price has been smashing through barrier after barrier, reaching new highs,” said Nigel Green, the CEO of financial advisory firm deVere. 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 ⏬China’s biggest bank says Bitcoin is driving its efforts in this key areaAn official of the People’s Bank of China (PBoC), the country’s central bank and chief financial regulator, said yesterday that the burgeoning Bitcoin space was one of the reasons behind the resurgence of the country’s own digital currency plans. Tezos invests in a Tim Draper fund to incubate XTZ ecosystemTezos Foundation has officially invested in the LA-based early-stage blockchain fund Draper Goren Holm, it said in a release shared with CryptoSlate. New crypto-mining malware targets Call of Duty playersResearchers at major video game publisher Activision have discovered a new malware program that installs hidden cryptocurrency miners on users’ PCs by masquerading as a “trainer” for Call of Duty: Warzone, the company revealed yesterday. Morgan Stanley approves Bitcoin investments for a dozen new fundsAmerican investment bank Morgan Stanley plans to allow a dozen of its funds to invest in Bitcoin via cash-settled futures and the Grayscale Bitcoin Trust (GBTC), according to its filing with the Securities and Exchange Commission published yesterday. Filecoin reaches FDV of $453 billion—and that’s 0.1% of the world’s wealthDon’t scream ‘April Fools’ if you happen to spot Filecoin in the world’s top ten cryptocurrencies by market cap while scrolling through our Rankings page today: The file-sharing has, indeed, slithered into that spot after a massive price surge over the past week. A roundup of the funniest crypto April Fools’ gagsThis year, April Fools’ Day has been especially crammed with high-spirited crypto capers. ‘Pro’ crypto trading terminal Kattana announces IDO and $1.3 million in fundraisingDeFi terminal Kattana is launching its own token via an Initial DEX Offering (IDO) on Polkastarter, it said in a release shared with CryptoSlate today. Akon jumps into the NFT frenzy with new ‘AkoinNFT’ offeringThe Akoin team, responsible for the digital asset platform and cryptocurrency AKN, created by artist, philanthropist, and globally renowned popstar Akon, has partnered with Taqo.io to create AkoinNFT. Ethereum NFT marketplace OpenSea is introducing ‘gas-free’ transactionsTry issuing a non-fungible token (NFT) on Ethereum and chances are you’ll spend upwards of $150 in ‘gas’ to simply approve, mint, and host your crypto art, virtual land, or digital collectible on the world’s most-used blockchain. 19-year-old Bitcoin millionaire gives his most UNUSUAL tips on tradingAll of 19, Sami Loyal is a crypto and indices trader who dropped out of college a few years ago to pursue his dream of trading full-time. He has since racked up over $1 million in profits and runs a successful YouTube channel under ‘Forflies,’ sharing tips, tricks, and traders with newer traders wanting to emulate his path. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 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. If you liked this post from CryptoSlate, why not share it? |
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Crypto analysts say ‘not a bubble’ even as Bitcoin flirts with $60,000