Wednesday night Bitcoin And Ethereum They have seen a rally, but are still trading below key psychological levels; At press time, the global cryptocurrency market capitalization is up 2.1% to $1.8 trillion.
| Currency | 24 hours | 7 days | price |
|---|---|---|---|
| Bitcoin (CRYPTO: BTC) | + 2.9% | -5.3% | $39289.74 |
| Ethereum (CRYPTO: ETH) | + 2.5% | -6.1% | $2890.95 |
| Dogecoin (CRYPTO: DOGE) | + 2.8% | + 0.03% | $0.14 |
| Cryptocurrency | Percentage change in the last 24 hours (+/-) | price |
|---|---|---|
| Secret (SCRT) | + 16.5% | $4.80 |
| Steppen (GMT) | + 15.3% | $3.80 |
| convex finance (CVX) | + 12.3% | USD 27.48 |
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Wednesday, President of the Central African Republic Faustin Arching Touadera The law has officially signed off on making bitcoin legal in the country, according to a Washington Post report; Earlier this week, the African State’s National Assembly approved a bill to that effect.
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Major cryptocurrencies moved into positive territory on Wednesday, with stocks attempting to rally. At press time, S&P 500 and Nasdaq futures are in green, up 0.6% and 1.1%, respectively.
Stock investors were bullish on the strong earnings data shown by several tech names, and it seems that the glut has extended to cryptocurrencies; Edward MoyaBitcoin’s recovery has been rather muted – holding the cryptocurrency below $40,000 – as the dollar continues to show some strength, said OANDA’s chief market analyst.
Moya wrote: “If risk appetite remains strong on Wall Street, bitcoin may continue to rally if gains continue to emerge, but shortly after Thursday’s massive tech gains, markets could enter a trading range until the FOMC decision. next week” note seen by Benzinga.
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Cryptocurrency trader Justin Bennett He tweeted that “the odds of bitcoin detaching from stocks in times of risk aversion are close to zero.”
“I don’t think that will ever happen, and it was not expected. Arguing about digital gold is meaningless because gold also suffers in times of fear,” Bennett said.
The odds of bitcoin detaching from stocks during periods of no risk are slim if not non-existent. I don’t think this would ever happen, and it wasn’t intentional. And digital arguments about gold are so meaningless that gold suffers in times of fear.
– Justin Bennett (@JustinBennettFX) April 27 2022
Meanwhile, the number of Bitcoin addresses has risen since the start of the war between Russia and Ukraine, according to a tweet from Santiment.
“Since then, there are 1,629 shark and whale titles that hold 10 to 100,000 new coins or have returned to this millionaire (or higher) status,” the market data platform said.
the number of # bitcoin Addresses have been increasing since # Russo-Ukrainian war seem. Since then, 1,629 shark and whale titles have between 10 and 100,000 and are either new or have returned to that millionaire status (or higher). https://t.co/08ytC3aMhW pic.twitter.com/9Ts70gdfHJ
– Santimentfeed April 27 2022