Dogecoin Soars while Bitcoin Rebounds

HomeBitcoin NewsCryptocurrency Price Round-up: Dogecoin Soars while Bitcoin Rebounds This past weekend, Cryptocurrency coins experienced a downfall in prices after hitting all-time highs in the last couple of weeks. The market tanked early on Sunday morning, with Bitcoin taking the most extreme hit as it dropped $10K within a few hours. Dogecoin was the least affected crypto on the market, in comparison to others. It endured a minor dip and recovered shortly after with 12% gains by the end of Sunday. Other changes also occurred in the market such as…

Are we there yet? Here’s why one analyst says its not ‘altcoin season’

Few traders would argue against the fact that Bitcoin (BTC) is in a bull market, but there is less consensus on whether the market is in the midst of an “altcoin season.” A quick view of Crypto Twitter shows the schism between traders who are certain we are halfway through alt season and those who believe it has yet to begin. Typically, traders rely on a wide swath of indicators and metrics, like Bitcoin’s total market capitalization versus the total altcoin market cap, Bitcoin’s dominance rate, and whether low-cap altcoins…

Bitcoin ETF from 3iQ and Coinshares goes live in Canada

Canada-based investment fund manager 3iQ’s Bitcoin exchange-traded fund created in partnership with Coinshares is now available for trading. In an announcement from 3iQ today, trading for the 3iQ Coinshares Bitcoin exchange-traded fund, or ETF, began on the Toronto Stock Exchange today. The fund’s units are trading in U.S. dollars under the ticker “BTCQ.U” and Canadian dollars under the ticker “BTCQ.” Trading opened at $11.89 for BTCQ before dipping to $11.51 and recovering, while units of the Bitcoin ETF in U.S. dollars opened at $9.39 and have since risen 0.4% at…

Not going anywhere for a while? Grab a Dogecoin, says Snickers candy

Snickers, the chocolate bar sold around the world for more than 90 years, is getting into the crypto space by promoting the meme-based cryptocurrency Dogecoin. In a tweet today, Snickers posted an image of the Dogecoin (DOGE) Shiba Inu dog atop the message “Dogecoinrise” to its more than 407,500 followers. The candy bar brand included the hashtag “DogeDay,” which has been trending in the United States, as well as two rocketship emojis in a reply. Guess what day it is? #DogeDay. Tomorrow? #DogeDay420 (not an actual Snickers pack, just a…

NFTb launches NFT marketplace focused on environmental sustainability

NFTb, a nonfungible token platform built on the Binance Smart Chain, is launching a new version of its marketplace focused on supporting social causes and providing artists with more affordable listing options.  The new marketplace connects artists and leading charities, allowing anyone to auction their artwork at an affordable rate and donate a portion of their proceeds towards a charity of their choosing. NFTb claims over 120 artists have already joined the waitlist. Sia Mohajer, an executive with NFTb, said many artists are concerned about the environmental impact of their…

The U.K. Could Create a Digital Currency Task Force

Key Takeaways The U.K. is considering a task force that will explore the creation of a central bank digital currency (CBDC). The effort will be led by members of HM Treasury and the Bank of England, along with other authorities. China, the U.S., and the European Central Bank are also working on or exploring digital currencies. Share this article U.K. Treasury chief Rishi Sunak has proposed a task force to examine the possibility of a central bank digital currency (CBDC). Digital Currency Is Under Consideration The news was published by…

Bitcoin Price Could Rebound Despite Flash Crash

Key Takeaways Bitcoin crashed by nearly 15% within minutes on Sunday, Apr. 18. The sudden downswing generated over $9 billion in liquidations. Given the current state of the market, investors may be more inclined to buy than to sell at the current price levels.  Share this article Bitcoin prices fell today in one of the steepest corrections since the beginning of the year Despite the significant losses generated across the board, on-chain metrics show a high probability of a rebound.  What Caused Bitcoin’s Crash? Bitcoin suffered a significant pullback after…

TeraBlock exchange raises $2.4M to develop crypto newbie-friendly interface

U.K.-based crypto exchange TeraBlock announced the completion of a funding round which would reportedly provide an on-ramp for new crypto users. In an announcement today, TeraBlock said it had secured $2.4 million in funding from major investors including AU21 Capital, Blockchain.com, Blocksync Ventures, BTX Capital, CryptoDormFund, and others. The platform was reportedly developed with newbies in mind, providing automation tools that allow users to buy and sell crypto when they’re unfamiliar with the space. “We believe there is pent-up demand for a more comprehensive and easy to use solution for…

Dogecoin (DOGE) market cap hits $50B, surpassing ING and Barclays

The last ten days have been nothing short of impressive for Dogecoin (DOGE), which rallied by more than 500% to a new all-time high at $0.45. Even after a 15% correction, the powerful rally catapulted Dogecoin’s market capitalization above well-established financial institutions like ING, Barclays, and Credit Agricole. The meme-driven cryptocurrency was pushed higher by multiple Twitter posts from Elon Musk, the CEO of Tesla and SpaceX, and the second wealthiest person alive. Musk is not the only billionaire businessman to support the cryptocurrency. Whether or not there are fundamentals…