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Coinbase , the cryptocurrency behemoth, has embarked on an innovative journey to enhance the speed and cost-effectiveness of Bitcoin transactions by integrating the Lightning Network . Teaming up with Lightspark represents a noteworthy milestone in reshaping global payment systems. We’re thrilled to announce that @Coinbase is rolling out support for the #Bitcoin Lightning Network powered by LightsparkCoinbase customers can instantly send, receive, or pay with Bitcoin on Lightning directly from their Coinbase account. Give it a try yourself in your… pic.twitter.com/bfxA5PMHmN — Lightspark (@lightspark) April 30, 2024 Lightning Network Integration In a world where traditional financial systems are plagued by sluggishness and exorbitant fees, Coinbase’s Lightning Network integration is a beacon of hope. By offering users the choice between Lightning for instant, low-cost transactions or the traditional Bitcoin network, Coinbase aims to democratize access to financ

Apr 30, 2024 at 10:51 // Price Author Coin Idol The price of Ethereum (ETH) has fallen below the moving average lines again after the recent rise on April 28, 2024. Long-term analysis of the Ethereum price: bearish On April 28, the Ether price climbed to a high of $3,363 after breaking through the 21-day SMA. Buyers failed to sustain their bullish momentum above the 50-day SMA or the $3,400 mark. On April 28, the long candlestick wick suggests significant selling pressure at a high of $3,400. Now, the largest altcoin has fallen between $2,908 and $3,200. Ethe

The DXY index, which measures the performance of the U.S. dollar shows the currency hovering around the 106 price range. The USD had dipped to dangerous lows in January this year hitting the ground at 101.20 level. However, the world’s leading currency bounced back stronger rising from 101.20 to a high of 107 in April 2024. The U.S. dollar surged more than 5% in just four months and the sudden spike is giving the jitters to Asian currencies.  Also Read: S&P 500 Analysis For May 2024 The U.S. Dollar Hammers 22 Asian Currencies This Year Source: Freepik.com Last week. Bloomberg reported that the U.S. dollar battered 22 out of 23 Asian currencies this year in 2024. The Asian currency, Japanese Yen received the hardest beating as it fell to its 1990 lows reaching 158.10 on Friday’s closing bell. However, the Yen recovered slightly on Monday climbing to 155.87, which speculations that Japan’s Central Bank intervened in the currency markets by dumping U.S. dollars to stop the Yen f

Today, in the crypto market, the total market capitalization is seen to have soared to $2.40 trillion. Meanwhile, Bitcoin is trading at $63,935 after a 1.45% increase in the last 24 hours, solidifying its market cap at a whopping $1.26 trillion. It currently maintains a dominant position with a market dominance of 52.56%. However, the news on Saturday was not so rosy for Bitcoin. Its price experienced a slight dip to $62,801 from $63,476 after the Depository Trust and Clearing Corporation (DTCC) declared its decision not to allocate collateral to cryptocurrency-linked exchange-traded funds (ETFs), effective Apr 30, 2024. Despite regulatory setbacks, Bitcoin’s bounce back today echoes broader market confidence and stability. Biggest Crypto Gainers Today – Top List In today’s market, 22% of cryptocurrencies are on the rise, with Ethereum Name Service leading with a remarkable 16.19% gain in the last 24 hours. Meanwhile, Kaspa takes the spotlight as today’s top loser, suffering a sign

The cryptocurrency world is abuzz with speculation after a deep learning model projected a dramatic price increase for Bitcoin (BTC) within the next month. However, despite the AI’s bullish outlook, financial experts urge investors to approach the prediction with a healthy dose of skepticism. Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat Bitcoin Price Stagnant, But AI Model Foresees Bright Future For the past week, Bitcoin has been stuck in a holding pattern, hovering stubbornly around the $64,000 mark. This lack of volatility has left many investors scratching their heads, unsure of the market’s next move. But a deep learning model developed by CryptoQuant, a leading blockchain analytics platform, has thrown a curveball into the mix. Source: CryptoQuant The model, trained on a massive dataset of historical price movements and on-chain activity, predicts a significant price surge for Bitcoin in the coming weeks. Accord

Recent on-chain data has shown a transfer of 456 million DOGE tokens into crypto exchange Coinbase amidst a flurry of Dogecoin whale transactions across various exchanges in the past 24 hours. The price of DOGE has majorly traded below the $0.165 price level in the past seven days despite the price uptick among other meme coins. These recent events of whale transfers, however, appear to be leading to a bearish view towards DOGE. Transfers of this nature into a crypto exchange point to the whales getting ready to sell off their bags, which risks crashing the DOGE price.  Whales Move 456 Million DOGE To Crypto Exchange Whale Alerts, a crypto whale transaction tracker, has shown various instances of whale transactions in recent hours. Amidst these transactions is the transfer of 456.83 million DOGE tokens worth $68.7 million into popular crypto exchange Coinbase. Interestingly, the transfer of DOGE was made to Coinbase in two bouts of 228 million DOGE, ea

The non-fungible token market has recorded positive growth today after an ultra-rare Alien Punk sold for over $12 million. The gigantic sales have pushed the global non-fungible token market sales volume to rise 70% in the past 24 hours. The Ethereum NFT sales volume has also climbed 278% from the previous day. CryptoPunk #635 Sells For $12M Data compiled by CryptoSlam.io, an on-chain NFT market explorer, confirms that a CryptoPunk #635 has sold for 4,000 ETH, valued at $12.41 million just a few hours ago. The CryptoPunk NFT sales, alongside other NFT sales, have pushed Ethereum NFT sales volume to skyrocket 278% to over $27 million in the past 24 hours. The CryptoPunks NFT #635 is now the third ultra-rare Alien Punk to sell for over $10 million worth of Ethereum in the last two months alone. Earlier last month, an anonymous crypto trader bought Punk #3100 for $16.03 million worth of ETH. Later the same month, Punk #7804 sold for $16.42 million in ETH, emerging as the second-most e

Dogecoin (DOGE) , the foremost meme coin, is down over 6% in the last 24 hours according to data from CoinMarketCap. This downtrend can be attributed to the price movement of the flagship crypto, Bitcoin.  Dogecoin Drops Alongside Bitcoin Dogecoin’s price also experienced a sharp decline as the flagship crypto dropped from over $66,000 to below $64,000 in the last 24 hours. Altcoins like DOGE are known to experience a similar downtrend whenever Bitcoin’s price records a correction like the way it has done. Generally, the global crypto market is down over 4%, thanks to this occurrence.  Related Reading: Shiba Inu Exchange Balances Reach New Low As SHIB Bounces Off Golden Ratio Several factors are believed to have contributed to Bitcoin’s recent decline (and, by extension, Dogecoin and other altcoins). One is the upcoming release of the Personal Consumption Expenditures (PCE) inflation data on April 26. Despite estimates from the Cleveland Fed, predic

The Bitcoin price dropped 4% in the last 24 hours to trade at $64,342 as of 02:38 a.m. EST on trading volume that rose 37% to $32.7 billion. This decline coincides with the total cryptocurrency market cap dropping around 4% in the last 24 hours to about $2.34 trillion, led by BTC. The crypto market is experiencing a flash crypto crash today due to several factors. Yesterday’s arrest of Samourai Wallet’s CEO and CTO by the U.S. Department of Justice caused a ripple effect across the market, resulting in significant declines in major cryptocurrencies, including Bitcoin and Ethereum, within an hour of the announcement.  BREAKING: The Department of Justice has charged and arrested the @SamouraiWallet co-founders with "conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business." pic.twitter.com/gdEhPB0guo — Will Foxley (@wsfoxley) April 24, 2024 Additionally, the market’s volatility has been exacerbated by geopolitical tensio

Solana attempted a recovery wave above the $140 level. SOL price is now struggling to clear the $160 and $170 resistance levels. SOL price recovered higher and tested the $160 resistance against the US Dollar. The price is now trading below $160 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $146 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could start another decline if it stays below $160 and $170 for a long time. Solana Price Faces Resistance Solana price started a major decline below the $170 and $160 support levels. SOL tested the $115 zone and recently started an upside correction, like Bitcoin and Ethereum. There was a decent increase above the $130 and $140 levels. The price climbed above the 23.6% Fib retracement level of the downward wave from the $205 swing high to the $115 low. It even spiked above the $155 zone and the 100 simple moving average (4 ho

Ethereum’s network has seen notable growth recently in both daily active users and daily transaction volume, yet the price of ETH, Ethereum’s native cryptocurrency, has undergone corrections in the past few days. Notably, Ethereum is down by over 10% in the past seven days, underperforming Bitcoin and the S&P 500. While this decline can be felt through the majority of large cryptocurrencies in the industry, the number of daily active Ethereum addresses has been steadily rising over the past month.  Related Reading: BONK Bonked: Price Crashes 30% In 7 Days – More Pain Ahead? Ethereum’s Network Activity Surges But Price Remains Stagnant An increase in network activity is usually a bullish sign for the price of cryptocurrencies as more activity means more demand. Interestingly, the number of daily active Ethereum addresses has increased by over 46% since January 3. 

After brushing off short-term corrections caused by geopolitical tensions, Bitcoin (BTC) has surged to establish a consolidation phase above the $66,000 mark. However, as crypto analyst Ali Martinez highlighted in an X (formerly Twitter) post on April 24, technical indicators are raising concerns for the maiden digital asset amidst the current price movement. Martinez pointed to the TD Sequential indicator’s recent sell signal on the 12-hour chart, indicating a potential downturn in Bitcoin’s price trajectory. The analyst underscored the significance of this signal, particularly noting the resistance encountered by Bitcoin at the mid-level of a parallel channel. Picks for you 2,000 Bitcoin ATMs installed in 2024 48 mins ago BlackRock's Bitcoin ETF achieves record inflows, ranks in U.S. top 10 ETFs 58 mins ago Bitcoin aims $70,000 this week as FOMO takes over the crowd 2 hours ago AI predicts HBAR price for May 1, 2024 2 hours ago Bitcoin