Global #Bitcoin

While other cryptocurrencies are making a shaky comeback, Bitcoin [BTC] has taken a beating, falling from $64,000 to $62,000 in just seven hours. Investors were uneasy as Ripple [XRP] displayed a sequence of drops on its weekly chart, continuing a similar trend of activity.

For some industry insiders, the much-awaited approval of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong earlier this week marks a major turning point. Some caution that the optimistic event may be overshadowed by stronger market dynamics, such as ongoing inflation and geopolitical risk.

David Schwartz, the Chief Technology Officer of Ripple, responds to rumors circulating in the community over his riches in the volatile realm of cryptocurrencies.

Recent days have witnessed a spike in turbulence in the always changing cryptocurrency market, making it difficult for popular altcoins like Bitcoin to stay stable. Among them, MATIC, the native token of Polygon, has fallen by almost 2% in the last day alone, demonstrating that it is not immune to the negative impact.

In the Bitcoin ETF market, BlackRock's IBIT ETF has become a popular option and has attracted a lot of interest from institutional investors. Only about 30 fund managers own 0.2% of the company's shares, notwithstanding their investments.

Charles Hoskinson, the CEO and co-founder of IOG, went into great detail regarding the implications and reality of regulating cryptocurrencies in a video update on April 16.

The price of XRP is having difficulty rising above the $0.5140 barrier. In order to try a new climb in the near future, the price needs to remain above the $0.4550 support.

Bitcoin (BTC) is currently trading marginally above $64,000, having challenged it throughout the most of the morning's trading in Asia.

Bitcoin's price has dropped in anticipation of its April 20 halving and the Fed's anticipated rate-cut pause in May as the US dollar gains momentum.

Santiment data shows that in just two days, the trading volume of XRP was halved. XRP had a $4.87 billion volume on April 14. However, the figure had dropped to $2.43 billion as of this writing.

The closing days of the Mollars ICO are drawing nigh. The first coin offering will expire in less than thirty days [one month]. The token presale has been incredibly successful in this final phase, as evidenced by the fact that 61% of the ICO token supply has already been sold out.

The CEO of Crypto.com predicted that half of Bitcoin will be a buy-the-rumor, sell-the-news kind of occurrence. Price volatility may result in the short term, but overall benefits would accrue over time.