In the 177th Edition of the best crypto news magazine, you will get to know all the weekly updates regarding the market. Popular cryptocurrency exchange Coinbase will list on the Nasdaq on April 14. This is likely to be a major event for the crypto community because it will force traditional investors to take note of the rapid development taking place in the crypto sector. Several exchange-traded funds are likely to own Coinbase to gain exposure to the crypto sector. A successful listing will attract other crypto exchanges and private entities to go public.
Bitcoin has been struggling near the $60,000 mark for the past few days, with some speculating that the top may be in place. However, Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin “has far to go before it reaches a cycle top or ”plateau.” Bloomberg April edition of “Crypto Outlook” projects a target objective of $400,000 by the end of 2021.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE
THE QOINIQ ECOSYSTEM, QOINSUIT, QOINNECT AND QOINX- QOINIQ REVIEW
AUBIT FREEWAY TOKEN NOW AVAILABLE ON BINANCE SMART CHAIN
THROUGH PANCAKE SWAP
Bitcoin broke above the overhead resistance of £44,238 on April 12 and 13, but the bulls have not been able to sustain the breakout. This suggests that demand dries up at higher levels. However, the positive sign is that the bulls have not given up much ground, which shows that traders are not closing their positions in a hurry. The upsloping 20-day EMA and the RSI above 62 suggest advantage to the bulls. Get the latest best crypto news magazine here.
If the bulls can push and sustain the price above £44,238 for three days, the next leg of the uptrend could resume. Aggressive traders can buy on a close (UTC time) above £44,238 and keep a stop-loss below the 20-day EMA. The first target objective on the upside is £50,000. Traders can trail the stops higher as the price moves northward.
However, the short-term traders may dump their positions if the bulls fail to sustain the price above £44,238. That may also encourage the aggressive bears to initiate short positions. If that happens, the BTC/GBP pair could drop to the 50-day SMA.
A break below this support could start a deeper correction that could reach £36,777 and then £31,005. Stay tuned with us for the best crypto news magazine for the latest updates about profit and loss in cryptocurrency.
Lastly please check out the advancement’s happening in the cryptocurrency world.
FEATURING IN THIS WEEKS EDITION
– DeFi Bids
CRYPTO TRADE OPPORTUNITIES
BITCOIN – BTC/GBP
Bitcoin price gbp broke above the overhead resistance of £44,238 on April 12 and 13, but the bulls have not been able to sustain the breakout. This suggests that demand dries up at higher levels. However, the positive sign is that the bulls have not given up much ground, which shows that traders are not closing their positions in a hurry. The upsloping 20-day EMA and the RSI above 62 suggest advantage to the bulls. Read more
ETHEREUM – ETH/GBP
Ethereum price GBP plunged below £1,456.18 on April 7, but the bulls purchased the dip and the price rebounded on April 8. As the eth price gbp did not break below the 20-day EMA and also did not reach the breakout level of the triangle, the suggested stop-loss in the previous analysis may not have triggered. Read more
RIPPLE – XRP/GBP
XRP price GBP did not crack the £0.588 support and continued its upward march after a minor consolidation between April 7 to 9. The rally easily overtook the projected target objective of £0.824 and has surged to an intraday high of £1.28 today. However, the sharp rally of the past few days has pushed the RSI to 81 levels. This suggests the XRP/GBP pair is overbought in the short term and could enter a correction or consolidation. Read more
CARDANO – LTC/GBP
Cardano price GBP is currently range-bound between £0.71001 and £1.07197. The price action inside a range could be volatile and random. The positive sign is that the bulls did not allow the ada gbp price to dip below the 20-day EMA in the past few days. The buyers are now trying to push the price to the resistance of the range. Read more
BINANCE – BNB/GBP
Binance price GBP has more than doubled in price since our recommendation to buy following a breakout above the triangle. Although the target objective was £326, the momentum blew past this and reached an intraday high at £465.761 on April 12. Traders should now not get greedy and close 80% of their positions at the current levels. They can keep a small position open with a trailing stop-loss to pocket any further gains. Read more
CRYPTO GIANT GRAYSCALE ADDS $1 BILLION IN 24 HOURS AMID LITECOIN, STELLAR LUMENS AND ZCASH BUYING SPREE
Grayscale, the world’s largest crypto asset management firm, is on a buying spree after purchasing massive amounts of cryptocurrencies to the tune of $1 billion in just 24 hours. In a tweet posted on April 9th, Grayscale revealed that its total assets under management (AUM) stands at $46.1 billion. A day earlier, Grayscale announced in a separate tweet that it held a total of $45.1 billion in crypto assets, indicating that the crypto asset manager grew its holdings by 10 figures within 24 hours. Read more
JPMORGAN PILOTING BLOCKCHAIN-BASED PAYMENT SOLUTION IN ASIA
American investment bank and financial services provider JPMorgan, on Monday, April 12, launched ‘Confirm,’ a blockchain solution to reduce the number of rejected or returned payments.
‘Confirm’ Validates Transactions In ‘Near Real-time’
Following the launch, the US bank is now test-running the blockchain solution with 12 banks in Taiwan. The financial institutions include CTBC Bank, Taiwan Cooperative Bank, and First Commercial Bank. Read more
BINANCE ALLOWS USERS TO TRADE TOKENIZED STOCK TOKENS STARTING WITH TESLA
Users will be able to purchase as little as one-hundredth of a Tesla share, with prices settled in Binance USD (BUSD). Cryptocurrency exchange Binance is allowing its users to buy fractions of companies’ shares with a new tokenized stock trading service, starting with Tesla. The crypto exchange announced Monday the launch of Binance Stock Tokens, zero-commission digital tokens that qualify holders for returns including dividends. Read more
THE SIMPSONS REPORTS BITCOIN PRICE AT INFINITY; THIS WEEK’S CATALYST TO ‘BLOW PEOPLE’S MINDS’
Coinbase’s Wednesday listing a “big milestone” for the industry whose valuation dwarfs Google’s at the time of its IPO and the current market cap of Nasdaq and ICE, which runs the NYSE. Bitcoin is nearing its all-time high as the market gets extremely excited about the upcoming listing of the largest US cryptocurrency exchange on Wednesday. Read more
DEFIBIDS – A NEW DEFI PLATFORM FOR STAKERS, AUCTION BUYERS, AND TRADERS
12th April, 2021: DefiBids, a unique crypto platform that uses innovative auction styles, allowing users to win digital currencies, announced that it has recently appointed Platinum Crypto Academy and Cryptonaire Weekly Magazine to help novice and professional traders take advantage of crypto auctions, staking, and trading opportunities.
Sharing more details about the appointment, a spokesperson at DefiBids stated, “We firmly believe that Platinum has the digital currency as well as investing experience needed to support our platform. With our combined experience, we look forward to opening up the crypto market to many more cryptocurrency enthusiasts.” Read more
AUBIT FREEWAY TOKEN NOW AVAILABLE ON BINANCE SMART CHAIN THROUGH PANCAKE SWAP
As of April 2021, the AuBit Freeway platform has onboarded its first early users who are already enjoying incredible AuBitisation rewards beyond expectations. More than 100,000 people remain on the waiting list and are expected to gain access soon with more than $50m in community requests for the AuBit Virtual Hedge Fund. Read more
BITCOINVEND – PUTTING THE CURRENCY INTO CRYPTOCURRENCY, FOR EVERYONE!
BitcoinVend is going back to Bitcoin roots, we all know Bitcoin was invented to facilitate trust-less trade on a global scale, establishing a currency which could be global without third party intervention. For a currency to have sustainable long-term value, one must be able to spend it easily on necessities or desirable items. So far this has been difficult, time consuming and expensive for the average Crypto user.
CRYPTOCURRENCY TRADING PLATFORM ATANI RAISES $6.25M IN SEED FUNDING
Crypto start-up organization Atani announced on Tuesday that the company raised $6.25M in seed funding. Leading European VC funds also participated in the seed round, successfully led by investor JME Ventures. Other companies who participated in the round were Encomenda Smart Capital, Lanai Partners, and Conexo Ventures, aside from individual investors, such as crypto experts, serial entrepreneurs, legal affairs, blockchain technology, crypto taxation, and finance experts. Read more