Bitcoin bulls attack $57,000 and altcoins rally as April comes to a close

Altcoins moved toward new highs and Bitcoin bulls attack $57,000 shortly after today’s uneventful $4.2 billion monthly options expiry. Bitcoin (BTC) and the overall cryptocurrency market sprang to life on April 30 as an uneventful close to this month’s $4.2 billion options expiry occurred without any signs of controversy. 

Ether Could Hit $10K, FundStrat Says, Touting Network Value Versus Bitcoin’s

“The crypto narrative is shifting from bitcoin to Ethereum,” wrote FundStrat, which placed a $10K price target on ETH for this year. Ether (ETH), the second-largest cryptocurrency by market cap, could see further gains towards $10,000 this year after reaching a new all-time high around $2,780 on Thursday – a roughly threefold increase forecasted by FundStrat, a market research firm.

Ethiopian Education Minister Confirms Cardano Blockchain Partnership

Ethiopia’s Minister of Education confirmed the government is working with IOHK, the company behind the Cardano protocol, on a blockchain-based system to track student performance in the African country’s schools. “This initiative is about bringing technology to improve the quality of education,” said the minister.

Australian Securities Exchange May Launch First Crypto ETF This Year

The ASX said it is “spending an enormous amount of time” on digital assets. The Australian Securities Exchange (ASX) may launch a cryptocurrency exchange-traded fund (ETF) by the end of this year, according to a report by Business Insider Australia, which cited multiple people familiar with the situation.

Valkyrie, Osprey Beat Grayscale to Market With Polkadot DOT Trust

Valkyrie is charging a 2% management fee on the fund, just under Osprey’s 2.5%. Valkyrie Digital Assets has launched a Polkadot fund with a novel twist. The investment vehicle will give clients access to the appreciation of the underlying DOT (+1.88%) tokens but also the 8% yield from Valkyrie staking the asset through Coinbase Custody.

bitcoin has dropped
big short investor burry 768x432 6nTtQx

‘Big Short’ Investor Michael Burry Warns of ‘Mother of All Crashes’ — Says Crypto’s Problem Is Leverage

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of “the mother of all crashes.” He further explained that the problem with cryptocurrency is the ...
Read More
paraguay 768x432 oZDg5G

Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub

A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. His efforts follow ...
Read More
shutterstock 1102119329 768x432 0WcXQa

Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting

The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China ...
Read More
stevhankesssbtc 768x432 VFaKsX

Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’

The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for ...
Read More
shutterstock 1787248598 768x432 jYJ0fl

Bearish or Bullish? Bitcoin Traders Argue Over Death Cross Outcome

On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when ...
Read More
Share with Others