Global #cryptocurrency

Over the past few weeks, the price of Bitcoin has lost its upward momentum, raising doubts about the continuation of the cryptocurrency bull cycle. The leading cryptocurrency saw a flash crash on Friday, April 12, which saw its value plummeting from above $70,000 to around $67,000.

The quantity of tokens being transferred to the burn address has significantly increased, according Shibburn data.

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.

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.

Certain cryptocurrency traders advise staying on the sidelines to evade being caught in a leverage-induced wipeout, asserting that they can make up for missed opportunities later.

Former Ethereum advisor Steven Nerayoff has initiated a significant legal confrontation against the US government, pursuing compensation of $9.6 billion

The cryptocurrency community is coming together in support of Uniswap, a prominent decentralized exchange (DEX), following the issuance of a Wells notice by the US Securities and Exchange Commission (SEC).

Paraguayan senators have put a pause on the proposed ban on cryptocurrency mining, and are now considering the option of selling surplus energy from the Itaipu hydropower plant to miners instead of exporting it to Brazil and Argentina.

President Joe Biden's memecoin, Jeo Boden, domiciled in Solana, achieved a new high on Monday, breaking through the $1 threshold for the first time before plunging and settling at roughly $0.817.

Co-founder of Mechanism Capital Andrew Kang has drawn attention to the potential profitability of a new class of memecoins known as "culture coins," which go beyond the usual animal- and humor-themed meme tokens and explore deeper cultural values including politics, religion, and lifestyle.

Over one-fifth of US youth possess cryptocurrency, according to a PolicyGenius study conducted on April 9. This is because younger people invest in cryptocurrency four times more frequently than older generations do.