Most of the top 20 cryptocurrencies are in the green as the coming altcoin news show. The most dominant cryptocurrency is still near $5,300. We are seeing Bitcoin with moderate gains on the day to press time, leading the market to a new potential rally.
Even though it is up by around 1% on the day, analysts report seeing Bitcoin with moderate gains – especially as the most dominant cryptocurrency pushed through the $5,300 mark. As data from CoinMarketCap shows, the market cap is coming closer to the $172 billion mark.
Meanwhile, Ethereum (ETH) is holding onto its position as the reigning king in the altcoin news with a market cap which is nearly $16.9 billion. The second largest altcoin, Ripple (XRP) has a total market cap of $12.5 billion right now.
Despite the Bitcoin with moderate gains, crypto currency news also show that ETH is up by nearly 3% over the last 24 hours. Right now, ETH is changing hands with the $159 mark and on the weekly chart, the coin has seen its value decrease by over 7%.
Meanwhile, XRP is down just 0.23% over the past 24 hours and is right now trading at $0.297. On the weekly chart, we can see that Ripple is unlike the dominant Bitcoin with moderate gains – having lost about 10% from its price.
The most notable price action in the top 20 cryptocurrencies is recorded by Ontology (ONT) which is over 11% on the day and down by 12% on the week. Tezos (XTZ), on the other hand, is up nearly 10% today and down 9% on the week. The total market capitalization including Bitcoin with moderate gains is right now at $172.8 billion which is about 5% lower than the value reported a week ago.
All of this leads us to believe that we are in a bearish scenario. However, the future is bright for next week and the end of the month April. As the latest cryptocurrency news show, it seems like the ongoing saga surrounding the crypto exchange Bitfinex and its sister company and stablecoin Tether (USDT) is slowly unfolding – and as a result, we see Bitcoin with moderate gains and a mix of mostly greens and reds on the market.
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Galaxy Digital ‘Bank’ Cashes Out Of Block.one Investment With 123% Profits
“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
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Bitcoin SV (BSV) Doubles In Value After The BTC Copyright Claims
“BSV doubled on Craig’s copyright news. This is only the start of him proving BSV is the only bitcoin. Now is a great time to convert all your other shite coins to Bitcoin.”However, as reported in the latest cryptocurrency news, the copyright does not entitle Craig Wright with any exclusive rights on Bitcoin. It seems as the big pockets are pouring and pumping the Bitcoin SV market to confirm the ‘’we-are-the-best’’ slogan. A massive 200 price surge is one of the reasons why traders should restrain themselves from buying the high or the lower lows. The Bitcoin SV (BSV) price corrected up to 53 percent before establishing a historic high at $195 on Huobi. The market bias is currently bullish and the majority of the technical indicators signal the strong buying sentiment. With the flawed fundamentals, a dump right now should not surprise the market.
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