Crypto

Top crypto trends 2022

 

Top crypto trends today: Cryptocurrency market cap shrinks to $1.80 trillion, Bitcoin hits April’s lowest

Crypto market latest update (April 18): The global crypto market cap decreased by over 4% over the last day to $1.80 trillion

                                                        

Crypto markets update: Crypto markets appear to be correcting again. The global crypto market cap decreased by over 4% over the last day to $1.80 trillion, according to CoinMarketCap data as of 2.45 pm on Monday (April 18, 2022). In the morning today, the global crypto market cap was $1.85 trillion. 

Prices of all top cryptocurrencies have also tumbled up to 8% since Monday morning. While Bitcoin’s dominance as the number one crypto has increased by 0.19% over the last day to 41.05%, its price has hit April’s lowest. At 3.06 pm, Bitcoin price was $38,958. On April 2nd, Bitcoin price had crossed $47,000. On Indian exchanges, Bitcoin is currently selling at around Rs 31,23,079.

                                             

Meanwhile, prices of all other top crypto assets have also decreased over the last day. Ethereum (ETH) was down 4.60% to $2905 while Binance coin (BNB) price decreased by 3.39% to $400.58.

Ripple (XRP) price decreased by 5.72% to $0.7375 while Solana price was down by 6.03% to $ 96.06.

Cardano (ADA) price has decreased by 6.84% to $0.885 and Terra (LUNA) price is down 5.06% to $77.33.

Dogecoin price has decreased by 6.33% to $0.135.

The price of Polkadot (DOT), which is ranked 14th on CoinMarketCap, has decreased by 7.10% to $17.29. Polygon (MATIC) prices has decreased to $1.31.

Top Crypto Gainers

Metacyber (METAC), which is ranked 3264, has jumped by 629% to $0.00000148 in the last 24 hours while Kinsman (KINTA, ranked 4170) increased by 504% to $0.02364 over the last day.

Top Trending Tokens

Shiba Inu (SHIB), STEPN (GMT), Bitcoin, Polygon and Adadao were the top five most trending cryptos on CoinMarketCap. Prices of all these top trending coins have decreased in the last 24 hours. In the last 30 days price of GMT token has jumped by 213%, however, as compared to last day, it was down by 9.41% to $2.29.

BNB, Solana, Near Protocol, Green Satoshi Token, NYM and PancakeSwap were other coins in top 11 most trending cryptos. Of these NEAR price has increased by 33.31% in the last 30 days. Green Satoshi Token’s price is also up by 30.93% to $4.33 in the last one month

Cryptocurrency Price

 

Cryptocurrency Price Today: Bitcoin Slides Below $40,000; Ether, Solana Face Huge Drop

Cryptocurrency Price Today: All major crypto coins on Monday, April 18, fell early in the day while the global cryptocurrency market cap bore the brunt. World’s largest cryptocurrency Bitcoin slid below the $39,000 level again after rallying over $40,000 for a few days as market volatility continued. Other major cryptocurrencies on the other hand also showed a downward trend as investors continued to assess the rising inflation and looked at a possibility of economic recession amid the ongoing Russia-Ukraine war. The months-long tensions between the two countries has landed the global cryptocurrency market in volatility.

 

Bitcoin price today at the time of writing this article was standing at

$38,936.59, as per data. This was down by 3.57 per cent in the last 24 hours, while Bitcoin price fell by as much as 7.92 per cent over the past seven days, data from CoinMarketCap showed.

“Bitcoin has remained fairly neutral over the week as BTC continues to consolidate around the $40,000 levels. Interestingly, the RSI also maintained a fairly flat line, close to 40, during the past week. However, the outflow of BTC from exchanges kept on rising as institutional investors and whales continued to accumulate Bitcoin," said the WazirX trade desk in a note to news18.com.

“On the daily timeframe, BTC continues to traverse within the ascending channel pattern. We could expect a significant fluctuation in price since BTC has been moving sideways for almost a week. The next resistance is expected at $48,600 and an immediate support for BTC is expected at $37,600," it added.

Ether price also fell today, with one unit of the second largest cryptocurrency of the world trading at $2,915.79 at the time of writing this article. This was down by 4.06 per cent and 8.18 per cent over the past 24 ours and seven days respectively.

“Ethereum slid marginally over the week, falling by over 6 per cent. Meanwhile, Ethereum developers announced that the much awaited Ethereum Merge will be postponed by a few more months. The weekly trend for Ethereum can be seen retesting the pattern following the recent breakout from the same pattern. The next resistance for ETH is expected at $3,450 and next support is expected at $2,450," said the WazirX trade desk.

“On the daily timeframe, BTC continues to traverse within the ascending channel pattern. We could expect a significant fluctuation in price since BTC has been moving sideways for almost a week. The next resistance is expected at $48,600 and an immediate support for BTC is expected at $37,600," it added.

Ether price also fell today, with one unit of the second largest cryptocurrency of the world trading at $2,915.79 at the time of writing this article. This was down by 4.06 per cent and 8.18 per cent over the past 24 ours and seven days respectively.

“Ethereum slid marginally over the week, falling by over 6 per cent. Meanwhile, Ethereum developers announced that the much awaited Ethereum Merge will be postponed by a few more months. The weekly trend for Ethereum can be seen retesting the pattern following the recent breakout from the same pattern. The next resistance for ETH is expected at $3,450 and next support is expected at $2,450," said the WazirX trade desk.

Bitcoin Out of Bullish

 

First Mover Americas: Bitcoin Out of Bullish Trend, Would Fed Backstop Markets Again? Good morning, and welcome to First Mover, our daily newsletter putting the latest moves in crypto markets in context. Sign up here to get it in your inbox each weekday morning.

Here’s what’s happening this morning:

• Market Moves: Bitcoin's options market shows renewed bias for downside protection. The cryptocurrency has dived out of an ascending trendline.

• Featured Story: The Federal Reserve may abandon its fight against inflation if and when the corporate credit market shows signs of stress.

And check out the CoinDesk TV show “First Mover,” hosted by Christine Lee, Emily Parker and Lawrence Lewitinn at 9 a.m. U.S. Eastern time.

• Kapil Rathi, co-founder and CEO, CrossTower

• David Kemmerer, co-founder and CEO, CoinLedger

• Ioannis Giannaros, co-founder and CEO, Wyre

Market Moves

By Omkar Godbole

Nervousness seems to have seeped into the bitcoin market with the cryptocurrency's break of a bullish trendline amid renewed macro fears.

Put-call skews, which measure the difference between implied volatility premiums of calls and put options, are again trending higher, indicating a renewed bias for puts, which are options that offer downside protection.

Notably, the six-month skew has increased from -1% to 5% in one week. The one-week, one- and three-month metrics have seen similar moves, according to data provided by Skew.

Crypto New

Crypto News 2022Photo by sergeitokmakov on Pixabay CRYPTO TRENDS TO TAKE NOTE OF IN 2022 DIANA PAIVAMARCH 21, 2022 BITCOINBUSINESSCRYPTOCRYPTOCURRENCY In April 2021, the crypto market value topped $2 trillion for the first time. Later by August, it capitalized to $2.2 trillion. This rise spread across the entire cryptocurrency environment. 2021 was a highly volatile year, yet quite fruitful for the cryptocurrency industry. Most of the credit for the rise in cryptocurrencies goes to institutional and retail investors Moreover, many DeFi applications and platforms are emerging now that allows users to swap their tokens and put their idle cryptocurrencies to work, to earn passive income. This indicates that we’ll probably be seeing more profits in the cryptocurrency industry in 2022. 1. Bitcoin Prices in the Crypto Market Bitcoin prices have always been the widely recognized and accepted standard in the cryptocurrency market. Bitcoin was observed to be consistently volatile throughout 2021. It experienced an all-time high in April when it was valued at $60,000, but dropped to as low as $30,000 in July. It went up again to nearly $70,000 in November and decreased to the current level which is below $50,000. As the crypto market has not yet fully matured, this volatility in Bitcoin prices is likely to be continued in 2022. This is the reason why many financial portfolio advisors and asset managers guide people to be cautious about investing in cryptocurrencies. Most of them advise spending only 5% of their budgets on digital currencies. Investors need to be mentally prepared for the plunges, as much as they usually are for the soars. 2. A Global Shift Towards DeFi DeFi is currently in its developing phase. There are thus numerous risks involved in the complete adoption of decentralized finance. It might cause you to face severe challenges, such as those regarding financial credibility, scalability, credit scoring, and more. However, 2022 might bring about some crucial changes. Several global FinTech companies are entering the market and providing solutions to address these challenges. One example is DeFiato which is a Centralized DeFi (CeDeFi) platform that aims to remove technical barriers to make DeFi accessible to all users, including those with little or no experience. Another platform you can use to grow your crypto holdings is called Cake DeFi. Cake DeFi claims to generate constant cash flow for its users, through a fully transparent mechanism and with minimal fuss. It is similar to PolkaBridge, where users can swap tokens and earn by adding liquidity, farming, lending, and a few other means. Photo by sergeitokmakov on Pixabay CRYPTO TRENDS TO TAKE NOTE OF IN 2022 DIANA PAIVAMARCH 21, 2022 BITCOINBUSINESSCRYPTOCRYPTOCURRENCY In April 2021, the crypto market value topped $2 trillion for the first time. Later by August, it capitalized to $2.2 trillion. This rise spread across the entire cryptocurrency environment. 2021 was a highly volatile year, yet quite fruitful for the cryptocurrency industry. Most of the credit for the rise in cryptocurrencies goes to institutional and retail investors Moreover, many DeFi applications and platforms are emerging now that allows users to swap their tokens and put their idle cryptocurrencies to work, to earn passive income. This indicates that we’ll probably be seeing more profits in the cryptocurrency industry in 2022. 1. Bitcoin Prices in the Crypto Market Bitcoin prices have always been the widely recognized and accepted standard in the cryptocurrency market. Bitcoin was observed to be consistently volatile throughout 2021. It experienced an all-time high in April when it was valued at $60,000, but dropped to as low as $30,000 in July. It went up again to nearly $70,000 in November and decreased to the current level which is below $50,000. As the crypto market has not yet fully matured, this volatility in Bitcoin prices is likely to be continued in 2022. This is the reason why many financial portfolio advisors and asset managers guide people to be cautious about investing in cryptocurrencies. Most of them advise spending only 5% of their budgets on digital currencies. Investors need to be mentally prepared for the plunges, as much as they usually are for the soars. 2. A Global Shift Towards DeFi DeFi is currently in its developing phase. There are thus numerous risks involved in the complete adoption of decentralized finance. It might cause you to face severe challenges, such as those regarding financial credibility, scalability, credit scoring, and more. However, 2022 might bring about some crucial changes. Several global FinTech companies are entering the market and providing solutions to address these challenges. One example is DeFiato which is a Centralized DeFi (CeDeFi) platform that aims to remove technical barriers to make DeFi accessible to all users, including those with little or no experience. Another platform you can use to grow your crypto holdings is called Cake DeFi. Cake DeFi claims to generate constant cash flow for its users, through a fully transparent mechanism and with minimal fuss. It is similar to PolkaBridge, where users can swap tokens and earn by adding liquidity, farming, lending, and a few other means. 3. Blockchain in the Metaverse As Microsoft and Facebook continue to stake their claim in the digital world, metaverse seems to have become a hot topic. The term ‘metaverse’ was first coined by Neal Stephenson in his fiction novel called Snow Cash. Now blockchain technology, NFTs and cryptocurrency have become critical aspects in the further growth of metaverse. Companies like SoluLab are working towards building a crew of high-performing blockchain developers from around the world, who are keen to launch their metaverse idea using blockchain technology. If blockchain gets into the metaverse, which can be foreseen to happen this year, our access to the environment will come to the crux of this digital world. This will lead to like-minded individuals forming online communities that will strive to develop parallel economics, share experiences, and create more content together. 4. Multiplication of Bitcoin ATMs Along with the emergence of DeFi platforms, Bitcoin ATMs are also on the rise. The intangible aspect of cryptocurrency makes it arduous for the masses to trust it. But as Bitcoin ATMs are installed in some parts of the world, many people are beginning to adopt it as a reality. There has been a significant increase in the number of Bitcoin ATMs over the past few years. These ATMs allow people to purchase Bitcoin with their debit or credit card. This makes cryptocurrency adoption quite viable for beginners and crypto enthusiasts. If Bitcoin ATMs continue to multiply, they will eliminate the demand for crypto brokers by allowing people to carry out the transactions on their own in an effortless way. Concluding Remarks The crypto trends discussed above are going to raise the value of cryptocurrency this year. With the help of numerous investment opportunities, highly advanced technologies, new regulations, and FinTech companies innovating precise solutions, investors are very keen to trade in digital assets in 2022. Author: William H. Nguyen, PhD. Dr William H. Nguyen is a serial entrepreneur who’s had several successful business ventures in blockchain, data security, education and communication technology. Over the past decade, he has developed many cryptocurrency exchanges, social networking platforms, communication applications, and on-demand video streaming apps. He is currently the founder of Beowulf Blockchain and serves tens of millions of global users in areas like media, business communication, entertainment and education.

Crypto News 2022

All Crypto News 2022 Ethereum’s Coming ‘Merge’ Could Make or Break Crypto The technology change will dramatically cut energy use, but a lot could go wrong. Photographer: Chris Ratcliffe/Bloomberg ByOlga Kharif April 6, 2022, 2:00 PM GMT+5 From Share this article Follow the authors @olgakharif + Get alerts forOlga Kharif Sometime later this year, Ethereum is set to make the biggest change in its near-decade history, an event that’s certain to ripple through the entire ecosystem of cryptocurrencies and digital assets. Think of it this way: The most important commercial highway in crypto is about to be completely repaved. Ethereum is essentially computer software that uses so-called blockchain technology to provide a digital ledger for recording transactions. It’s become the most popular basis for a growing array of commercial crypto assets and applications, including lending products, nonfungible tokens (NFTs), as well as its native token, Ether. Ethereum isn’t owned by anyone but built and refined by a community of developers, and it runs on a network of data centers throughout the world. These data centers operate as “miners” on the network, ordering transactions that are posted to the digital ledger. In return they get paid in Ether. This system has been dubbed “proof of work.”