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But the cryptocurrencies took a severe tumble, with many double-digit drops in a few of hours. However, price reductions were also seen in more established sectors, such as the US stock markets, where the Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 all dropped from over 5,210 to under 5,100 in a matter of minutes.

Around April 17th, Shiba Inu (SHIB) may experience a price uptick due to a significant technical indicator suggesting a nearing convergence between the 50-day Exponential Moving Average (EMA) and SHIB’s current price.

A well-known cryptocurrency analyst, recognized for accurately forecasting the cryptocurrency market bottom during the 2018 bear market, has recently stated their belief that the price of the smart contract platform Solana ($SOL) will increase further.

Over the past 24 hours, cryptocurrencies Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) have all recorded slight gains in line with broader market movements, reflecting a blend of optimism and caution among traders.

Reportedly, the Australian Securities and Investments Commission (ASIC) has initiated legal action against two cryptocurrency companies and their directors for operating without licenses in Australia. These companies are accused of being involved in a complex scheme that led to investors losing AU$160 million, equivalent to $104 million.

Paul Grewal, chief legal officer of Coinbase, announced today in an X post that the company has filed a move to appeal a judge's ruling from last month that permitted the SEC to pursue its action against them.

A trading frenzy is set off by the U.S. approval of spot Bitcoin ETFs, which prepares the ground for Asia's growing institutional interest.

Memes have made a significant comeback in the 2024 cryptocurrency market surge, with many of the well-known ones regaining their previous all-time highs (ATH) and some even setting new ones.

With more than five million long-term holders, the network now accounts for an astounding 62.5% of all LTC addresses with a balance.

During an interview with Sonali Basak from Bloomberg TV on April 9, 2024, Marathon Digital (NASDAQ: MARA) CEO Fred Thiel provided insights into the evolving landscape of Bitcoin mining and the expected impacts of the upcoming Bitcoin halving, projected around April 20.

The crucial bull market breakout level that led to the explosive rise to all-time highs in both 2017 and 2020 is where bitcoin is currently stabilizing. Bitcoin (BTC) is aiming for a traditional breakout move that came before its all-time highs in 2017 and 2021.

Nubit and Polyhedra have announced a partnership aimed at enhancing the Bitcoin ecosystem. Nubit, known for its Bitcoin-native data availability layer, sees this collaboration as pivotal in improving the overall infrastructure for the Bitcoin network.