Bitcoin price falls below $50,000
Bitcoin’s price has dropped below $50,000 on early Friday UTC time. The price continued to decline to below $49,000 and is changing hands around $49,500 as of writing, which represents an 8.46% drop over the past 24 hours on Coinbase Pro. The price drop follows news in the U.S. hours that President Joe Biden was said to propose increasing tax for the wealthy on capital gains by as much as 100%. Bitcoin is the first and most widely recognized cryptocurrency. It enables peer-to-peer exchange of value in the digital realm through the use of a decentralized protocol, cryptography, and a mechanism to achieve global consensus on the state of a public transaction ledger (blockchain). Let us look Bitcoin price falls below $50,000.
Litecoin Prepares For Fresh Bull Momentum As Alt Season Cements
Litecoin is currently trading at around $283, gaining 5.59% in the last 24 hours. LTC bulls are looking to hold the key support level for the coin at around $257 to prepare it for a fresh momentum. LTC price had a rough week falling nearly 30% from its high of $333. A recent mining centre blackout in China left the cryptocurrency markets in the red the past few days.
Bitcasino.io adds Cardano (ADA) token to its betting platform
Bitcoin-led casino operator, Bitcasino.io, today announced it has added Cardano’s ADA cryptocurrency as a payment method, allowing its holders to enjoy the casino’s wide range of games. The minimum deposit is 15 ADA and withdrawal is 30 ADA. At current trading prices, this puts the minimum deposit at around €14.
PancakeSwap Approves “Big Burn” For CAKE, It Could Be Massively Bullish
PancakeSwap’s second iteration is also around the corner. CAKE holders will be able to profit. In a recent vote, PancakeSwap’s community decided to approve a feature called the “Big Burn”. Therefore, after April 23rd “Great Migration” the exchange will buyback and burn more CAKE “than ever before”. Every trade in PancakeSwap v2 will “contribute” to this mechanism.
Ethereum ETFs Get Off to $138 Million Start So Far
Three Ethereum exchange-traded funds (ETFs) launched in Canada Tuesday. Available on the Toronto Stock Exchange, they have a combined trading volume of $138 million already. The world’s first Ethereum exchange-traded funds (ETFs) began trading this week—and got off to an explosive start. All in all, the trio of Canadian ETFs has racked up $138 million in trading volume so far.