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Day: April 8, 2023

Bitcoin leads crypto market recovery as regulators turn up heat: Report

Bitcoin leads crypto market recovery as regulators turn up heat: Report

Bitcoin drives the cryptocurrency market’s rebound, but VCs are still wary because of governmental restrictions. With only 59 unique acquisitions occurring in the blockchain business in March, investment activity significantly decreased. March’s capital inflows were $504 million, a 42.7% decrease from February. The success of cryptocurrency stocks was inconsistent, with mining operations outperforming other sorts of crypto enterprises. The research team at Cointelegraph is dedicated to providing the most precise, insightful content on the market. News Sorce

Litecoin adopts MimbleWimble: Here’s ChatGPT’s privacy concerns and price predictions

Litecoin adopts MimbleWimble: Here’s ChatGPT’s privacy concerns and price predictions

Due to its early development and dominant position in the market, Litecoin (LTC) has earned the moniker “digital silver,” but its recent adoption of the privacy-enhancing protocol MimbleWimble has sparked debate and varied views on privacy on its network. According to ChatGPT, an AI language model, Litecoin could increase to $120-150 in the coming weeks and reach $300 or even more by the middle of the year. Any prediction’s correctness, though, is always up for discussion. At the time of writing, LTC is down more than 1%, trading at $90. The Relative Strength Index (RSI) and Bollinger Bands both indicate that Litecoin may be at risk of beginning a negative trend. News Sorce

Biggest Movers: DOGE Down 8% as Twitter Removes Logo

Biggest Movers: DOGE Down 8% as Twitter Removes Logo

On Friday, Dogecoin (DOGE) decreased for a fourth session in a row after Twitter officially ditched the doge image as its logo. One major exception was XRP, formerly known as ripple, which increased to a peak of $0.5129 earlier today. The support level of 55.00 for the 14-day relative strength index (RSI) was breached, and sellers may now aim for the lower floor at 50.00. Bulls are driving the token away from a recent support level at the $0.4950 level as the 10-day moving average is still going higher. News Sorce