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Any cryptocurrency that has debuted since Bitcoin is referred to as an altcoin (BTC). Some Designers cloned the open-source code of Bitcoin in its early stages to produce alternative currencies. With differing supply cycles and privacy characteristics, various Bitcoin alternatives started to drift more from its forerunner over time.

A proliferation of Bitcoin-altcoin trading pairings appeared alongside altcoins, spurring a rise in market activity as investors took advantage of the erratic nature of these digital currencies to earn high-risk profits. As a greater variety of use cases for the technology have been feasible, the advent of altcoins and their corresponding blockchain networks heralds a period of exploration and maturation within the cryptocurrency sector.

As he anticipates a year of restoring trust,Pantera CEO Dan Morehead claims that this cycles lows for Bitcoin and other cryptocurrencies are behind us. Some market players continue to believe that fresh macro lows are imminent across all crypto assets, despite BTC price movement having marginally reversed after rising 40% in January.Although there is no universal agreement on when such a situation may occur, it is still unclear how the market would recover.But Morehead believes that the moment has come to switch to a bullish position on cryptocurrencies.He said that theyve gone through 35 years of comparable cycles, and Pantera has been through 10 years of Bitcoin cycles.

By ignoring the controversy about the price connection of cryptocurrencies with risky assets like stocks, that viewpoint departs from the majority. This serves as the foundation for several other predictions for 2023, as Cointelegraph will continue to cover.Despite falling below its previous bull market all-time high after the FTX fiasco in November 2022, Morehead said that the market had been well within the historical context following the drop from Bitcoins most recent all-time highs.The median of the normal cycle was represented by the drop from November 2021 to November 2022. The prior bull market was only partially erased by this down market. Giving back 136% of the prior rally in this instance, he noted with supporting evidence.

While Pantera set itself up for a year of rebuilding confidence in centralized finance (CeFi) first and foremost, similar optimism was aimed toward the decentralized finance field. Given the numerous company failures that occurred last year and contributed to the crypto bear market, Morehead argued that this would be required.

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Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Mooky coin news: Altcoins are presently dominating the cryptocurrency market | Bitcoinist.com - Bitcoinist

Bitcoin and other cryptocurrencies have been seemingly moving in lockstep with the traditional stocks and bonds over the past year amid a bearish market, but on-chain indicators show that correlation is starting to fade.

Cryptocurrencies have long been seen as digital assets that dont follow traditional markets, making them an ideal option to get uncorrelated exposure. Given the recent divergence in performance between cryptocurrencies and traditional assets, that notion may be returning.

In the meantime, cryptocurrency investors dont appear to be buying and selling at a rapid pace relative to recent years, which can account for reduced volatility in the digital asset market. There was certainly a lot of selling in 2022 during the crypto bear market, but on-chain indicators could be signaling the end of downturn.

Although Bitcoin and digital assets are prone to market volatility, a number of on-chain indicators which represent collective human decisions have remained remarkably consistent, a Medium article said. According to Glassnode, several on-chain indicators are pointing to a potential end (or at least a significant improvement) of bear market conditions.

Bitcoin has been vacillating up and down the $30,000 mark most recently, pushing over a 60% gain year-to-date as it continues to recover from 2022s bearish pressure. The price rally was helped by the recent banking crisis as fear and doubt in the traditional financial system may have pushed investors to alternative assets, including cryptocurrencies, as a hedge.

We observe that many of these coins are being held tightly by buyers, while profits are being taken, and network utilization is improving, the article added. All of these factors support Bitcoins strong market performance so far this year.

While cryptocurrencies still have a way to go in terms of getting a regulatory framework in place, this may detract investors from the space. However, theres another option via exchange traded funds (ETFs), which can track the price movements of bitcoin.

As such, a price rally in bitcoin could offer investors opportunity in ETFs, which fall under a regulatory framework for safer investing. Among the ones to consider are the ProShares Bitcoin Strategy ETF (BITO), theValkyrie Bitcoin Strategy ETF (BTF), theVanEck Bitcoin Strategy ETF (XBTF), and theSimplify Bitcoin Strategy PLUS Income ETF (MAXI).

For more news, information, and analysis, visit theCrypto Channel.

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On-Chain Indicators Pointing to End of Cryptocurrency Bear Market - ETF Trends

Bitcoin (BTC), the oldest and most valued crypto coin, dipped below the $28,000 mark early Wednesday before managing to reclaim the $28,000 mark again at the time of writing. Other popular altcoins including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) landed in the reds across the board. The Maker (MKR) token managed to become the top gainer among the lot, with a 24-hour jump of 3 percent. Internet Computer (ICP) became the top loser, with a 24-hour loss of nearly 9 percent.

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The global crypto market cap stood at $1.16 trillion at the time of writing, registering a 24-hour dip of 1.80 percent.

Bitcoin price stood at $28,024.81, registering a 24-hour dip of 1.90 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 24.89 lakh.

ETH price stood at $1,829.50, marking a 24-hour loss of 0.91 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.61 lakh.

DOGE registered a 24-hour dip of 0.06 percent, as per CoinMarketCap data, currently priced at $0.07858. As per WazirX, Dogecoin price in India stood at Rs 7.

Litecoin saw a 24-hour loss of 0.29 percent. At the time of writing, it was trading at $87.14. LTC price in India stood at Rs 7,550.03.

XRP price stood at $0.4631, seeing a 24-hour dip of 0.26 percent. As per WazirX, Ripple price stood at Rs 40.80.

Solana price stood at $21.79, marking a 24-hour loss of 1.47 percent. As per WazirX, SOL price in India stood at Rs 1,969.90.

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Maker (MKR)

Price: $70624-hour gain: 3.17 percent

Frax Share (FXS)

Price: $7.7424-hour gain: 2.02 percent

Rocket Pool (RPL)

Price: $46.2324-hour gain: 1.99 percent

Chiliz (CHZ)

Price: $0.125924-hour gain: 1.58 percent

USDD (USDD)

Price: $0.99824-hour gain: 0.88 percent

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Internet Computer (ICP)

Price: $5.7124-hour loss: 8.92 percent

Render Token (RNDR)

Price: $2.1424-hour loss: 8.87 percent

MultiversX (EGLD)

Price: $40.2024-hour loss: 7.60 percent

XDC Network (XDC)

Price: $0.0374224-hour loss: 6.72 percent

Huobi Token (HT)

Price: $3.3224-hour loss: 5.14 percent

Mudrex co-founder and CEO Edul Patel told ABP Live, Bitcoin started the week trading in the red experiencing a slight decline, as investors geared up for a significant week of US economic data events. BTC is presently trading at $28,000, having peaked at $29,900 during the weekend. Meanwhile, Ethereum's trading remained unchanged at the $1,800 mark. Investors are closely monitoring the US Federal Reserve's scheduled interest rate hikes on Wednesday, as well as the non-farm payroll data for April on Friday.

WazirX Vice President Rajagopal Menon said, Bitcoin (BTC) started the US trading week trading below $28,000 amid news of regulators' imminent seizure of First Republic Bank. However, JPMorgan winning the auction to buy First Republic assets reinforced the banking sector's preparedness to address crises. On WazirX, iExecRLC (RLC) and UMA (UMA) have been the top gainers in the last 24 hours.

Sathvik Vishwanath, CEO and co-founder of Unocoin said, Bitcoin's market cap is $541 billion, ranking it #1 on CoinMarketCap. Candlestick patterns indicate bearish sentiment, while RSI and MACD indicators predict a potential downtrend in Bitcoin price today. Bitcoin may encounter immediate support at the $27,600 level, marked by the trend line on the 4-hour chart. If the price breaks below this level, the next support level is at $27,200.

Shivam Thakral, the CEO of BuyUCoin, said, The crypto market cap dipped by 1.8 percent after the Labour Day long weekend. BTC slipped below the $28,000 mark briefly while ETH is trading just above the $1,800 mark. There are a lot of factors that will move the market this week such as JPMorgan bailing out the First Republic Bank, the US jobs report, and the US Fed rate hike. Overall sentiment for the crypto market looks positive but the market liquidity crisis may act as a deterrent to market momentum.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

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Cryptocurrency Price Today: Bitcoin, Ethereum, Other Top Coins Fail ... - msnNOW

The blockchain industry is volatile and ever-evolving, with market swings in either direction consistently. Investors need to follow the various momentum of any coin or token they are interested in to stay on top.

Ethereum (ETH), one of the largest projects in market capitalization, has gained upward momentum, and its overall performance will send waves down the entire market. As such, analysts have predicted Uwerx can increase in value due to the forward momentum.

Regarding the price prediction surrounding the Ethereum (ETH) cryptocurrency for 2023, as of March 1, 2023, the cryptocurrency is trading at $1,656.61.

In the last 24 hours, its value jumped by 2.09%. In the last seven days, it increased by 1.22%.

So far, throughout 2023, the value of ETH has increased above the $1,700 barrier, and analysts initially predicted that it would be priced at $2,186.87 by the end of Q4, 2023.

However, the coin has decreased from its previous months high, and analysts believe it needs to go past the $1,700 barrier again to reach its goal.

With skepticism surrounding the overall growth of ETH, investors are looking elsewhere for viable investment options.

There has been rapid growth within the freelance space, with more companies than ever before integrating freelancers within their business processes.

73% of tech companies have integrated teams of freelancers and employees., wrote Jon Younger for Forbes.

The current state of the freelancer market is fragmented and difficult to navigate, with freelancers needing to create and re-establish their reputation on numerous platforms and the platforms themselves incurring a high fee of, on average, 20%.

Uwerx (WERX) is an upcoming freelance platform that leverages blockchain technologys power to resolve many of the issues faced by freelancers and companies seeking them.

It charges a fee of just 1% and provides far greater records transparency due to the utilization of blockchain technology and decentralization.

The platform protects intellectual property rights, rewards freelancers and clients for activity, and creates incentives for those that join the platform.

The project introduces gamification elements, built-in collaboration tools, personalized matching, and Peer-to-Peer (P2P) feedback. Users can access transparent pricing and built-in dispute resolution tools and engage in social impact initiatives.

The liquidity will have a 25-year lock period after the conclusion of the presale. Moreover, the project features audit approval by InterFi Network and Solidproof.

Uwerx provides a unique opportunity for investors to get engaged within a project that can become a dominant force and leader within the freelancer industry, as it utilizes advanced blockchain technology and has low fees.

The starting price of WERX token is $0.00995, and with its momentum, and technological advancements, analysts believe that people need to jump on the presale, as the cryptocurrency has the potential of reaching $0.75 in value by Q4 2023, based on the price prediction of analysts.

Uwerx positions itself as a market leader, and can be a dominant force across the entire blockchain industry. Investors do not want to miss the opportunity to get early access to one of the most significant new projects in crypto.

Find Out More Here:

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network

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Ethereum (ETH) Price Prediction and Uwerx Analysis: Which ... - Blockchain Reporter

SAN FRANCISCO, CA 1st May 2023, King NewsWire BitGPT, the latest innovative solution in the realm of cryptocurrency trading, is poised to make waves in the digital finance industry. This groundbreaking cryptocurrency trading bot, developed by the world-renowned team at OpenAI, employs the cutting-edge GPT-4 module to generate substantial profits.

BitGPT uses advanced machine learning to analyze vast quantities of real-time financial data, making it a pioneer in its field. By interpreting historical trends, market sentiment, and intricate patterns, it can accurately predict market behavior and execute trades with an efficiency that surpasses human capacity.

BitGPT is more than just a trading bot, explains the Lead Developer of the project. Its a revolutionary toolset to disrupt the cryptocurrency trading scene. Our AI has been meticulously trained to comprehend and navigate the volatile cryptocurrency market, promising unprecedented returns for users.

In an era where cryptocurrencies have become a mainstay in the global economy, BitGPT is a transformative innovation. The bot democratizes access to lucrative trading strategies, opening the door to profitable investment opportunities for both seasoned traders and beginners.

What truly sets BitGPT apart is its evolving intelligence. As the bot interacts with the market, it continues to learn and adapt, refining its trading strategies to optimize profit and minimize risk.

BitGPTs release marks a significant milestone in the integration of advanced AI technology into the world of digital finance. Developed by a team of leading experts in AI, machine learning, and financial markets, BitGPT is a testament to innovation, research, and development.

BitGPT is currently offering a limited number of investors the opportunity to participate in an exclusive early-access program. This initiative provides select participants with the chance to experience BitGPTs phenomenal potential ahead of its public launch.

We are eager to unveil BitGPT as a transformative tool in the cryptocurrency trading landscape, says the CEO of BitGPT. We welcome our early-access investors to witness the beginning of a new era in digital finance.

The introduction of BitGPT is a clear demonstration of the potential of AI-driven financial technology. By creating opportunities for individuals to participate in the cryptocurrency market with a sophisticated tool like BitGPT, the team is paving the way for a future where artificial intelligence plays an integral role in global finance.

For more information on BitGPT and the early-access program, visit the BitGPT website. Interested investors are urged to apply promptly, as slots are limited.

About BitGPT

BitGPT is a pioneering cryptocurrency trading bot developed by a team of world-class experts in AI, machine learning, and financial markets. Leveraging the power of the GPT-4 module, BitGPT is set to redefine the cryptocurrency trading landscape with its advanced AI capabilities and revolutionary approach to digital finance.

Press Contact:

BitGPT

[emailprotected]

This press release contains forward-looking statements that involve risks and uncertainties, including those relating to BitGPTs ability to revolutionize the cryptocurrency market. Actual results may differ materially from the results predicted.

Organization: BitGPT

Contact Person: Hike Ronald

Website: https://www.bitgpt.app/

Email: [emailprotected]

City: London

Country: United Kingdom

Release Id: 0105233343

The post Introducing BitGPT: The AI-Powered Cryptocurrency Trading Bot Set to Revolutionize the Market appeared first on King Newswire.

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Introducing BitGPT: The AI-Powered Cryptocurrency Trading Bot Set ... - Digital Journal