Bitcoin starts April in the red, but unknown cryptocurrency rises 68%

Bitcoin starts April in the red, but unknown cryptocurrency rises 68%
Bitcoin starts April in the red, but unknown cryptocurrency rises 68%
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After rising almost 17% in March, Bitcoin (BTC) turned downwards and entered the negative field in April, as did the main cryptocurrencies on the market. In the last 24 hours, the industry shrank 3.40%, to US$2.58 trillion, according to aggregator CoinGecko.

BTC is trading down 2.60%, at US$68,257, on Monday afternoon (1st), far from its historic high above US$73,000, registered last month. During the week, the digital asset suffered losses of 2.50%.

Ana de Mattos, technical analyst and partner trader at Ripio, told the report that Bitcoin reached resistance in the price range of US$71,330, before retreating. Performance in the coming days, she said, will depend on investment flows.

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“If there is a break in the range (price difference) upwards, with a lot of buyer flow, the next targets will be the US$73,150 and US$73,770 areas. But, in the case between the seller flow and the range break downwards, short- and medium-term supports are in the liquidity regions of US$66,800 and US$63,850″.

Investors are now eyeing the halving, a quadrennial update scheduled for the end of this month that will cut BTC issuance in half. In previous events, the cryptocurrency soared by up to 8,000% in the year following the upgrade.

Altcoins

Ethereum (ETH) entered April down almost 5%. Last month, the project reached 1 million validators (participants in a blockchain), a milestone for the network, according to André Franco, head of research at Mercado Bitcoin (MB).

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“These validators play a crucial role in safeguarding the integrity and security of the Ethereum blockchain. As of now, these dedicated validators collectively hold holdings of a staggering 32 million Ether, reflecting a market value of approximately $114 billion, he said.

The BNB Chain (BNB), Solana (SOL) and XRP (XRP) tokens are falling more than 4% each at the time of publishing this text.

Contrary to cryptos with high market value, a little-known cryptocurrency called Core (CORE) soars +67.90% on the day. The project, similar to Ethereum, allows you to run smart contracts and decentralized applications (dApps).

Check out the performance of the main cryptocurrencies at 3:40 pm:

Cryptocurrency Price Variation in the last 24 hours
Bitcoin (BTC) $68,257 -2.60%
Ethereum (ETH) $3,426 -4.80%
BNB Chain (BNB) $569 -5.60%
Solana (SOL) $188 -4.40%
XRP (XRP) $0.6019 -4.00%

Source: CoinGecko

The cryptocurrencies with the biggest gains in the last 24 hours:

Cryptocurrency Price Variation in the last 24 hours
Core (CORE) $3.46 +67.90%
Jupiter (JUP) $1.65 +23.40%
Bitcoin Cash (BCH) $629 +4.00%
Bitget Token (BGB) $1.08 +3.80%
LEO Token (LEO) $6.08 +2.60%
Source: CoinGecko

The cryptocurrencies with the biggest drops in the last 24 hours:

Cryptocurrency Price Variation in the last 24 hours
Conflux (CFX) $0.4013 -15.50%
Ondo (ONDO) $0.8523 -14.50%
Pepe (PEPE) $0.057727 -13.00%
dogwifehat (WIF) $4.12 -11.80%
ORDI (ORDI) US$63.23 -11.00%
Source: CoinGecko

Check out how cryptocurrency ETFs closed in the last trading session:

ETF Price Variation
Hashdex NCI (HASH11) BRL 52.76 -2.74%
BTCN Hashdex (BITH11) BRL 80.53 -2.85%
Hashdex Ethereum (ETHE11) R$ 51.38 -3.38%
Hashdex DeFi (DEFI11) R$ 39.49 -2.50%
Hashdex Smart Contract Platform FI (WEB311) R$ 39.76 -2.59%
Hasdex Crypto Metaverse (META11) R$ 59.75 -2.84%
QR Bitcoin (QBTC11) R$ 21.77 -1.53%
QR Ether (QETH11) R$ 12.55 -1.95%
QR DeFi (QDFI11) R$ 5.70 -0.69%
Crypto20 EMPCI (CRPT11) R$ 15.32 -0.19%
I invest in NFTSCI (NFTS11) R$ 14.34 -0.76%
I invest BLOKCI (BLOK11) R$ 224.12 -1.92%
Source: B3

The article is in Portuguese

Tags: Bitcoin starts April red unknown cryptocurrency rises

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