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Bitcoin Price | Ethereum Price: Top cryptocurrency prices today: Bitcoin, Ethereum, Avalanche, Cardano rally up to 14%

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Bitcoin Price | Ethereum Price: Top cryptocurrency prices today: Bitcoin, Ethereum, Avalanche, Cardano rally up to 14%
New Delhi: After 9 weeks of decline, the crypto market recovered on Monday and prolonged its beneficial properties on Tuesday as effectively. Altcoins, too, posted some well being beneficial properties, with some tokens rising in double digits.

Nonetheless, it is going to be too early to conclude if the downtrend within the digital token market is over.

Barring Tron, a decentralized blockchain, all crypto tokens have been buying and selling sharply greater on Tuesday. Cardano zoomed greater than 14 per cent, whereas Ethereum rose 6 per cent. Bitcoin, Avalanche and XRP gained 5 per cent every.



The worldwide cryptocurrency market cap was buying and selling greater on the $1.32 trillion mark, leaping as a lot as 5 per cent within the final 24 hours. Nonetheless, the full cryptocurrency buying and selling quantity zoomed over 65 per cent to $91.07 billion.

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What’s cooking in India
The Centre is planning a contemporary session paper on cryptocurrency quickly, although a regulation on the digital belongings is prone to take extra time, secretary of financial affairs Ajay Seth has stated.

Talking about cryptocurrency, Seth on Monday instructed reporters, “Our session paper is pretty prepared. We’ve got gone right into a deep dive into this.” He didn’t point out when it’s prone to be put out. Sources stated that it may be anticipated in August.

Knowledgeable’s take
Bitcoin broke its consolidation by buying and selling above $31,000 prior to now 24 hours. Bitcoin revived a bit after an extended bearish development, stated Edul Patel, CEO and Co-founder of Mudrex.

“Alternatively, Ethereum’s transaction charges are at one-year low, which could assist regain its value. The promoting value decreases a bit as patrons return to the market,” he added.

The current promoting strain has eased up and Bitcoin has topped the $31,000 mark with quantity nearly doubling within the final 24 hours. This reveals the renewed curiosity within the digital asset market, stated Kunal Jagdale, Founder, BitsAir Alternate.

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“The token was merely in need of $32,000 ranges and if this degree is sustained, $35,000 is the following main resistance for the most important token. Apparently, we have now bottomed out in the interim and should make a brief restoration within the meantime.”

World updates

  • As motorists complain about gasoline charges being too (expletive deleted) excessive, crypto merchants are coping with the other: Ethereum’s gasoline charges are at a document low, Sam Reynolds experiences.

  • DeFi software Mirror Protocol, which is constructed on Terra, is allegedly struggling one other exploit, in keeping with pseudonymous ‘Mirroruser’ who posted on the Terra Analysis Discussion board Could 28, 2022.

Tech View by Giottus Crypto Alternate
AAVE is the native and governance token of the Aave platform. It’s a decentralized protocol used for lending and borrowing cryptocurrencies. Lenders can earn curiosity on their crypto holdings by depositing them in specifically created liquidity swimming pools whereas debtors can use their crypto as collateral to get a flash mortgage from these liquidity swimming pools. AAVE is presently buying and selling at $118 with an 18% every day achieve although it’s nonetheless 60% down from its 2022 excessive.

ET CONTRIBUTORS

AAVE has been forming a falling wedge sample recently, signaling an impending bullish momentum. The start of April noticed AAVE reaching its April excessive of $259 and dealing with rejection concurrently at a long-term trendline resistance to create decrease lows by means of April and early Could.

By mid-Could, AAVE had misplaced 72% of its April excessive. Nonetheless, AAVE efficiently examined its long-term trendline help at $70. It has now damaged above the trendline resistance and the falling wedge sample to register an upward momentum overcoming the .236 Fibonacci retracement degree of $110.

For AAVE to maintain its upward momentum, it must overcome the psychological resistance degree of $120. The subsequent key resistance will then be $140. In case of a attainable downturn, AAVE can be testing help at $85 and $68.

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Main Ranges
Resistance: $120, $140

Help: $110, $85, $68

(Views and suggestions given on this part are the analysts’ personal and don’t symbolize these of ETMarkets.com. Please seek the advice of your monetary adviser earlier than taking any place within the asset/s talked about.)

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RobotBulls Innovates Cryptocurrency Trading with AI and Blockchain Integration

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RobotBulls Innovates Cryptocurrency Trading with AI and Blockchain Integration

RobotBulls, a pioneering force in the cryptocurrency market, has unveiled its latest advancements in leveraging artificial intelligence (AI) and blockchain technology to streamline the trading process.

RobotBulls, a pioneering force in the cryptocurrency market, has unveiled its latest advancements in leveraging artificial intelligence (AI) and blockchain technology to streamline the trading process. This dual-technology approach not only simplifies trading operations but also enhances security and accuracy, providing traders from various backgrounds with an accessible and efficient trading platform.

AI and Blockchain: A Synergistic Approach for Streamlined Trading

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At the heart of RobotBulls’ innovation is the integration of AI and blockchain technology. The platform utilizes advanced AI algorithms to analyze market data accurately and swiftly, offering users actionable insights to guide their trading decisions. Complementing this, blockchain technology ensures all transactions are securely recorded and immutable, reinforcing trust and transparency in all operations.

Key Features of RobotBulls: Elevating Trading Experience

RobotBulls’ platform is designed with several core features aimed at enhancing user experience:

  • Streamlined Trading: Automated trading tasks allow users to execute strategies efficiently without the need for constant monitoring.
  • Real-Time Analytics: The platform provides current market trend data, helping users make informed decisions and anticipate movements.
  • Robust Security Measures: Leveraging blockchain, RobotBulls ensures all transactions are transparent and secure, significantly reducing the risk of tampering.

Benefits of Using RobotBulls: Efficient and Secure Trading Traders on RobotBulls enjoy multiple advantages:

  • Time Efficiency: The automation of routine trading activities frees up time, allowing traders to focus on strategy development.
  • Increased Precision: AI-driven analysis minimizes errors in data interpretation and trade execution.
  • Enhanced Risk Control: Tools for managing trading risks, including customizable stop-loss settings, are readily available on the platform.

Continuous Innovation and Future Prospects

Committed to continuous enhancement, RobotBulls consistently upgrades its AI algorithms and explores more efficient blockchain technologies. These advancements aim to further expedite transactions and improve analytical capabilities, providing users with deeper insights and more robust trading options.

Supporting Traders with Educational Resources and Community Engagement

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RobotBulls supports its users with an array of educational resources designed to aid both novice and experienced traders in navigating the platform effectively.

Additionally, the company fosters a strong community, enabling users to exchange strategies and insights, further enhancing their trading success.

Experience the Future of Trading with RobotBulls

For traders seeking to harness the potential of digital currencies through a secure, efficient platform, RobotBulls offers a powerful solution. To explore how RobotBulls can transform your trading experience, visit robotbulls.com.

Contact Info:
Name: Lin
Email: Send Email
Organization: Robot Bulls
Phone: +41795354362
Website: https://www.robotbulls.com/

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Alleged crypto scammers arrested in $73 million 'pig butchering' scheme

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Alleged crypto scammers arrested in $73 million 'pig butchering' scheme

The Justice Department said on Friday that it arrested two alleged scammers for laundering “at least” $73 million through shell companies connected to “pig butchering” cryptocurrency investment schemes.

In a pig butchering scam, scammers contact victims online and gain their trust before manipulating them into investing in a fake cryptocurrency.

Daren Li, a 41-year-old dual citizen of China and St. Kitts and Nevis — and resides in China, Cambodia, and the United Arab Emirates, was arrested on April 12 at Hartsfield-Jackson Atlanta International Airport. According to a Justice Department statement, he was subsequently transported to the Central District of California. Yicheng Zhang, 38, a Chinese national and resident of Temple City, California, was arrested on Thursday in Los Angeles, California, the statement said.

The DOJ accused the individuals of having lured victims into depositing money into U.S. accounts. From there, the two allegedly utilized co-conspirators to launder the money through U.S. financial institutions to Bahamas bank accounts, before converting the funds into the stablecoin Tether, also known as USDT.

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“Cryptocurrency investment scams exploit the borderless nature of virtual currency and online communications to defraud victims,” said U.S. Deputy Attorney General Lisa Monaco. “While fraud in the crypto markets takes on many forms and hides in many far-off places, its perpetrators aren’t beyond the law’s reach,” the

Li and Zhang face charges of conspiracy to commit money laundering and six counts of international money laundering. According to the Justice Department, if found guilty, they could be sentenced to a maximum of 20 years in prison for each count.

Two days before announcing the arrests, the Justice Department said it arrested two brothers for allegedly stealing roughly “$25 million worth of cryptocurrency within approximately 12 seconds.” And earlier this month, the department charged ‘Bitcoin Jesus’, a.k.a. Roger Ver, with evading nearly $50 million in taxes.

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