Bitcoin Climbs Over $5,100 as Top Cryptos See Solid Gains

April 7, 2019

Sunday, April 7 — most of the top 20 cryptocurrencies are seeing moderate to notable gains on the day by press time, as Bitcoin (BTC) climbs over the $5,100 mark.

Bitcoin’s price has seen a gain of two and a half percent on the day, trading at around $5,156 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is a solid 20% higher than $4,095, the price at which Bitcoin started the week.

Bitcoin 7-day price chart. Source: CoinMarketCap

Bloomberg analyst Mike McGlone claimed earlier this week that Bitcoin is at its most overbought level since its record highs in December 2017. Also, leading United States derivative market CME Group pointed out that its Bitcoin futures reported record trading volumes on April 4.

Ethereum (ETH) is holding onto its position as the largest altcoin by market cap, which is currently at about $17.7 billion. The second-largest altcoin, Ripple (XRP), has a market cap of about $15 billion by press time.

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ETH is up by 2.12% over the last 24 hours. At press time, ETH is trading around $168, after having started the day at $163. On its weekly chart, ETH has seen its value increase by almost 19%.

Ethereum 7-day price chart. Source: CoinMarketCap

Second-largest altcoin Ripple has gained one and a half percent over the 24 hours to press time, and is currently trading at around $0.36. Looking at the coin’s weekly chart, its current price is over 16% higher than the price at which it started the week.

Ripple 7-day price chart. Source: CoinMarketCap

Among the top 20 cryptocurrencies, the one reporting the most notable gains is Ethereum Classic (ETC), which is up over 20% on the day to press time.

Bitcoin Cash (BCH) has also seen notable daily growth, up 11% to press time. On the week, BCH has seen massive growth of 91%.

The total market cap of all cryptocurrencies reached $180 billion today, which is almost 25% higher than $144.3 billion, the value it saw one week ago.

Earlier this week a Japanese news outlet reported that G20 member countries will meet to discuss international cryptocurrency Anti-Money Laundering (AML) regulation on June 8 and 9 in Fukuoka, Japan.

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Various Types of Cryptocurrency

Cryptocurrencies have become a world phenomenon in recent years, and the market is constantly increasing. Not all cryptos will have the same potential to grow, with more than 8,000 digital currencies on the market. Some will probably fail and some will be undervalued, of course. There are some of the known cryptocurrencies in 2021: Telcoin (TEL) The TEL’s current market price is $0.038 following a 24-hour rise of more than 73 percent. Especially just one-week bitcoin prices rose by over 426.87%. The main concentration of Telcoin is on the transferred business and, for that market, Western Union is the current leader and was formed by Paul Neuner and Claude Eguienta. Bitcoin Diamonds (BCD) BCD’s current market price is $5.24, up 64.67% over 24 hours. In particular, within a week, its prices had risen by 137.04%. The platform is a hard workforce of BTC and features a novel proof of working consensus method to prevent network assaults. It also permits more transactions per second by separating the transaction signature from the chain transactions. ABBC Coin (ABBC) After a gain of about 2.99 percent over 24 hours, today’s ABBC market price is $0.78. Notably, within a week the token will increase by more than 100%. The ABBC platform is designed to enable safe payment transactions to facilitate the retail adoption of cryptos and to give investors the capability to oversee the growth of this platform through the transfer of voting privileges. GateToken (GT) GT is presently priced at $6.93 following a 12.44 percent gain over 24 hours. In particular, within a week the GT price has grown by more than 94%. GT is Gate Chain’s native cryptocurrency and a public blockchain platform that focuses mostly on asset security and decentralized trade. With a single Vault account, Gate Chain is trying to deal with abusive transactions. It also offers a wonderful clearance tool to address important personal losses and asset robbery issues. Topia Coin and Topia Technology On 19 October 2012, the enterprise announced the beginning of TopiaCoin ICO, with 300 million tokens for the late presale period in October and a public sale starting on 6 November. The ICO was opened. It’s a big step for Topia to leverage ICO funds to build a new security platform that will integrate Topia’s known encryption technologies with the “blockchain” technology which safeguards numerous digital currencies – especially Bitcoin. Read more about Topia Coin and Topia Technology at topiacoin.io. In plain terms, Blockchain is the ‘distributed bookcase technology,’ a growing list of records secured using encryption and decentralization. The ledger is stored on several machines through cloud information, instead of the files on one server. If the data is updated on one device, a record will be confirmed and recorded into many other devices, which means that there is always a certain digital “paper” trail. The principal use of this technology in the virtual currency field has so far been. Cryptocurrencies such as Bitcoin and Ethereum rely on blockchain for the safety of data; ironically it requires so much processing power for individual Bitcoin servers to run records for every Bitcoin transaction that are concurrently updated and shared. Topia aims to leverage this technology for secure networks within organizations, between businesses and their customers, and even between healthcare providers and patients on a smaller scale. Janine Terrano, the founder and CEO of Topia, describes their solutions as a global, secure “post office.” This means companies and individuals can share digital assets, important information, documents, and more in a way that prevents any central authority from misusing the data or controlling user activities. Only those within your designated ‘network’ can access this information, and because it is managed in a decentralized manner, you won’t have to worry about data breaches by cloud service providers. It takes cash to upgrade such notions, which is why the TopiaCoin ICO was introduced. Terrano notes that discussions with corporate consultants show strong involvement in the process of pre-sales while the precise statistics are still too early to be discussed. The precedence is for trust: In the first half of 2017, technology start-ups collected more money via ICO crypto-currency than venture capitalists investing worldwide, VentureBeat reports, a technology innovation website. Crypto economics has been quite effective for the initiative.
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Bitcoin vs. Ethereum: A Comprehensive Comparison of the Top Cryptocurrencies

Bitcoin and Ethereum are two of the most prominent cryptocurrencies in the digital asset space, each with its unique features, use cases, and communities. In this in-depth comparison, we’ll explore the key differences and similarities between Bitcoin and Ethereum, helping you understand which may be the better investment or suit your needs. Introduction to Bitcoin and Ethereum Bitcoin (BTC): Bitcoin, created by the mysterious Satoshi Nakamoto in 2008, is the first and most well-known cryptocurrency. It serves primarily as a decentralized digital currency, aiming to provide an alternative to traditional fiat currencies and a store of value. Ethereum (ETH): Ethereum, proposed by Vitalik Buterin in 2013 and launched in 2015, is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). It introduced the concept of programmable money, enabling a wide range of use cases beyond simple peer-to-peer transactions. Technology and Architecture Bitcoin: Bitcoin operates on a proof-of-work (PoW) consensus mechanism, where miners compete to solve cryptographic puzzles to validate transactions and secure the network. Its primary focus is on being a secure and censorship-resistant digital currency. Ethereum: Ethereum initially operated on a proof-of-work (PoW) consensus mechanism but is transitioning to a proof-of-stake (PoS) mechanism with Ethereum 2.0. Ethereum’s architecture allows for the execution of smart contracts, enabling complex decentralized applications and token creation. Use Cases and Applications Bitcoin: Bitcoin’s primary use case is as a digital currency and store of value. It is often compared to gold due to its scarcity and hedge against inflation properties. Bitcoin is used for peer-to-peer transactions, remittances, and as a long-term investment. Ethereum: Ethereum’s use cases extend beyond simple transactions, thanks to its smart contract functionality. It is used for decentralized finance (DeFi) applications, non-fungible tokens (NFTs), decentralized exchanges (DEXs), gaming, identity management, and more. Scalability and Transaction Speed Bitcoin: Bitcoin’s scalability is limited by its block size and block time, leading to slower transaction speeds and higher fees during periods of network congestion. Ethereum: Ethereum has faced scalability challenges, particularly during periods of high demand for gas (transaction fees). However, the transition to Ethereum 2.0 aims to address these issues by implementing sharding and a move to proof-of-stake (PoS) consensus. Community and Development Bitcoin: Bitcoin has a large and passionate community of developers, miners, investors, and enthusiasts who advocate for its principles of decentralization and financial sovereignty. Development is primarily focused on improving the protocol’s security, scalability, and privacy. Ethereum: Ethereum’s community is known for its vibrant ecosystem of developers, entrepreneurs, and innovators building decentralized applications and protocols. Ethereum has a robust governance model and funding mechanisms to support ongoing development and innovation. Market Capitalization and Adoption Bitcoin: Bitcoin has the highest market capitalization and is widely recognized as the leading cryptocurrency. It has achieved mainstream adoption among institutional investors, corporations, and retail users as a store of value and hedge against inflation. Ethereum: Ethereum ranks second in terms of market capitalization and is the dominant platform for decentralized applications (DApps) and smart contracts. Its widespread adoption in DeFi, NFTs, and Web3 applications has solidified its position in the cryptocurrency ecosystem. Conclusion In conclusion, while Bitcoin and Ethereum share some similarities as leading cryptocurrencies, they serve different purposes and cater to distinct use cases. Bitcoin excels as a digital currency and store of value, while Ethereum’s versatility and programmability make it a powerhouse for decentralized applications and smart contracts. Understanding the nuances of each cryptocurrency is crucial for making informed investment decisions and leveraging their respective strengths in the ever-evolving digital asset landscape. **Call-to-Action:** Ready to explore the world of cryptocurrencies further? Consider diving deeper into Bitcoin and Ethereum by researching their latest developments, joining community discussions, and staying informed about market trends. Whether you’re a seasoned investor or a curious newcomer, understanding the differences between Bitcoin and Ethereum can empower you to navigate the cryptocurrency market with confidence.
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Bitcoin and Crypto Exchange HTX To Integrate Lightning Network

Introduction to HTX and Lightning Network HTX, one of the largest Bitcoin and cryptocurrency exchanges globally, has made headlines by announcing its partnership with Bitcoin firm IBEX. The goal? To integrate the Bitcoin Lightning Network into HTX’s ecosystem. This is a major move, especially considering HTX’s immense scale, with over 45 million registered users, and its standing as a leading platform for Bitcoin trading and custody in Asia and across the world. What is the Lightning Network? To understand the significance of this integration, it’s essential to delve into what the Lightning Network is. The Lightning Network is a second-layer payments protocol that operates on top of the Bitcoin blockchain. In simple terms, while Bitcoin transactions can sometimes be slow and expensive due to network congestion and high fees, the Lightning Network addresses these challenges. It enables almost instantaneous transactions at a fraction of the cost, enhancing both the speed and affordability of Bitcoin as a medium of exchange. Built on top of Bitcoin Enables near-instant transactions Significantly lowers transaction fees Improves Bitcoin scalability for day-to-day use The Importance of Lightning Integration for Exchanges Exchanges have long sought ways to streamline the Bitcoin transaction process. One of the most effective solutions has been the implementation of the Lightning Network. By doing so, exchanges can offer users faster, cheaper, and more efficient Bitcoin transactions. HTX’s decision to adopt this technology is a strategic one and represents a broader trend in the industry. With platforms like Coinbase already embracing the Lightning Network, it’s clear that the mainstream adoption of this technology is now well underway. Lightning increases transaction speed Reduces fees, making smaller transactions feasible Enhances user experience with quicker deposits and withdrawals Boosts platform competitiveness in the crowded exchange market The Strategic Partnership with IBEX HTX’s partnership with IBEX is key to making this integration a reality. IBEX has established itself as a leading player in the Bitcoin and Lightning Network space, providing solutions that make it easier for businesses and platforms to adopt Lightning. According to an HTX spokesperson, “Through this strategic partnership, HTX and IBEX will jointly promote the application and popularization of Bitcoin and Lightning Network technology worldwide, providing users with more efficient, secure, and convenient digital asset trading services.” This collaboration will be pivotal in bringing Lightning technology to the forefront of digital asset trading. With IBEX’s expertise in Lightning, HTX users will soon benefit from faster payments and withdrawals, along with reduced transaction fees. This marks a major leap forward in the capabilities of HTX’s platform, giving it a competitive edge in an increasingly saturated market. Benefits of Lightning Network Integration There are numerous benefits to integrating the Lightning Network into an exchange ecosystem like HTX’s. For users, the most obvious advantage is speed. Bitcoin transactions that would typically take 10 minutes or more due to block confirmations can now be completed almost instantly. This is particularly beneficial for those engaging in high-frequency trading or users who need to move funds quickly. For HTX, the benefits are equally substantial. By adopting Lightning, HTX reduces the congestion on the Bitcoin network, allowing for more streamlined operations. Additionally, lower fees on the Lightning Network make it feasible for users to engage in smaller, everyday transactions, further increasing the platform’s appeal. The Broader Implications for the Bitcoin Community The integration of the Lightning Network by major exchanges like HTX and Coinbase signals a turning point for the Bitcoin ecosystem. For years, Bitcoin has been criticized for its scalability issues, with high transaction fees and long confirmation times limiting its practicality for day-to-day use. The Lightning Network changes that. As more exchanges adopt Lightning, Bitcoin’s potential as a global medium of exchange is finally being realized. What was once a slow and cumbersome process is now becoming fast, efficient, and affordable. This enhances Bitcoin’s position as a viable alternative to traditional payment systems and boosts its adoption among both businesses and consumers. Lightning boosts Bitcoin’s real-world utility Enables microtransactions, making Bitcoin practical for everyday use Strengthens Bitcoin’s position as a leading global payment method Enhances user confidence in Bitcoin’s long-term viability HTX Leading the Charge for Lightning Adoption HTX’s decision to integrate the Lightning Network demonstrates its commitment to innovation and user satisfaction. By staying at the forefront of technology and offering cutting-edge solutions, HTX is positioning itself as a leader in the cryptocurrency exchange industry. Moreover, this move is likely to encourage other exchanges to follow suit, accelerating the mainstream adoption of the Lightning Network. As more platforms implement Lightning, the broader Bitcoin ecosystem will become more efficient, more accessible, and more appealing to users worldwide. Challenges of Lightning Integration While the benefits of the Lightning Network are clear, it’s important to note that integration isn’t without its challenges. For one, the Lightning Network is still a relatively new technology. This means that there are some technical hurdles to overcome in terms of ensuring its seamless integration with existing systems. Additionally, user education is crucial. Many people are still unfamiliar with the Lightning Network and may not fully understand how it works. This presents an opportunity for HTX and other exchanges to offer educational resources and tools to help users make the most of this new technology. Technical hurdles in integrating Lightning with existing systems User education and awareness about Lightning’s functionality Security considerations to ensure user funds remain safe Looking Ahead: The Future of Bitcoin Transactions With HTX’s integration of the Lightning Network, the future of Bitcoin transactions is looking brighter than ever. The adoption of this technology is a major step forward in addressing Bitcoin’s scalability issues and making it a more practical solution for everyday use. As more exchanges follow HTX’s lead, the Lightning Network will become an integral part of the Bitcoin ecosystem, further solidifying Bitcoin’s position as a dominant global payment system. In conclusion, HTX’s partnership with IBEX to integrate the Lightning Network is a game-changer for both the exchange and the broader cryptocurrency industry. By offering faster, cheaper, and more efficient transactions, >>Read more
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4 Tips to Master Crypto Trading in 2021

Trading cryptocurrencies requires immense skills and knowledge of market behavior. Technical analysis can help but only a true understanding of what influences prices can give an edge over the market. The driving force behind the crypto market is primarily supply and demand. More and more organizations are increasing the use of cryptocurrencies, therefore, altering the demand and supply ratio and impacting the price. Bitcoin mining, for example, influences the supply end of this equation. In recent years the growth rate of mining activity has slowed from 6.9% (2016) to 4.4% (2017) to 4.0% (2018). There can only be 21 million Bitcoin in supply, and the mining activities will stop once this number is reached, bringing a sharp decline in supply. However, trading crypto, or Bitcoin, for that matter, is not just about buying when demand is low and selling when supply is high. Before entering the crypto market, there are a few valuable things to look out for that can help you improve your trading skills. Dogecoin contrasted with fiat currency on top of white pearls Focus on new coins New crypto coins are launched frequently, and they are becoming increasingly popular. A good tip is to stay focused on their popularity on social media and crypto communities in social media platforms like Twitter and Reddit. By following online communities, one can get an idea of which coins are popular to buy in the early stages. An example of a coin that skyrocketed because of social media influence is Dogecoin. The coin was launched at roughly $0.31, and its value increased to $0.74 within a month. This is a price hike of over 200%, making it highly profitable. Trading Dogecoin is accessible via platforms like InvestingCrypto, which offers crypto trading 24/7, and other popular trading brands. Follow liquidity Liquidity is a sign that the trading volume is high, meaning many traders participate in the market. Therefore, following the coins with high liquidity can provide good trading opportunities. Furthermore, high liquidity allows you to enter and exit the market quickly since numerous price fluctuations exist. If there is no liquidity, the price moves slower, and traders might need to wait until they are in good profit to exit the market. Trade the trend Trading the trend means buying when the market is on an uptrend and selling when it is trending downwards. Cryptocurrencies do not go by the same rules as fiat currencies, and therefore when we think a coin has reached an all-time high, it might just be the start of a bullish trend. On the other hand, we need to be aware that cryptocurrencies can stay in the overbought or oversold zones for a while, and therefore applying proper risk policies is required. Use moderate leverage Leverage is borrowed money that a broker offers to increase the margin on a trading account. Traders often use leverage to generate significant profits with small investments; however, leverage also means losses can be amplified. Crypto exchanges like InvestingCrypto, offer moderate leverage from 1:200, which is considered a reasonable amount. It is important to avoid leverage levels that are too low on one hand, and too high on the other. Therefore, when choosing to use leverage, one should consider the margin of the account, to avoid or minimize the risk of losing some or all of the equity.
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How do cryptocurrency exchanges work?

Cryptocurrency exchanges are platforms that are used to perform various operations with digital currencies (exchange, sale, purchase). Many sites, in addition to the exchange of assets, also offer tools for earning: staking trading with leverage securing crypto loans spot trading educational content demo version of the account and so on… In the cryptocurrency industry, there are a large number of various exchanges offering different functionality, security level, conditions, choice of cryptocurrency pairs, and trading volume. It is recommended to try trading on several exchanges. The principle of operation of the cryptocurrency exchange To start working on the cryptocurrency exchange, you need to register on it. Centralized platforms emphasize the security of personal information about their users and their assets. Therefore, the limited functionality of the exchange is often open to registered users. To get full access, you must pass user verification, after its completion you can use all the tools of the site. In order to understand how a cryptocurrency exchange works, let’s look at what it consists of. The user interface is the end product that users see. For the smooth operation of cryptocurrency exchanges, it combines several key components. Trading Core: The most important element of the exchange. The trading core maintains a database of orders (user applications for the purchase or sale of cryptocurrencies) and provides the possibility of their execution. Main and reserve wallet: Wallets for storing and conducting transactions with the assets of site users. As a rule, hot wallets are used to enter the exchange and conduct transactions, while cold wallets store a reserve of platform assets. Analytics modules: Cryptocurrency platforms also need modules for analyzing indicators on the exchange. Interface: Displaying a trading terminal where users can create accounts. Transaction and commission management system: Ensures the functioning of the payment gateway. How does cryptocurrency exchange work? They work by buying and selling cryptocurrency, traders earn on the difference in the exchange rate. In turn, exchanges earn on the commission that users pay to complete transactions. On a crypto exchange, you can use the regular currency to buy cryptocurrencies, or you can exchange one cryptocurrency for another. You can convert your cryptocurrency back to regular currency, keep it in your account for future transactions, or withdraw it as cash. Unlike traditional exchanges that have set trading hours, cryptocurrency exchanges are active 24 hours a day, 7 days a week. Gemini Exchange The Gemini cryptocurrency exchange is a popular American platform that has been operating on the market since 2015. Gemini is the first exchange in the world to be licensed to trade the Ethereum cryptocurrency. Today, it is rightfully one of the safest and most reliable crypto exchanges, trusted by the largest investment funds and individual investors. The success story of this company is in providing consistently high-quality service and unique trading opportunities. Excellent service, innovation, instant service, and the ability to purchase Bitcoin or Ethereum and start trading immediately after making a deposit — all of this sets Gemini apart from other crypto exchanges on the market. *** The Gemini bot by Bitsgap gives an extra return on investment when trading through the Gemini platform. This bot is the best way to profit from trading on this exchange, as they allow you to place effective orders round the clock automatically.
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Bitcoin Climbs Over $5,100 as Top Cryptos See Solid Gains

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