Crypto Rollercoaster: Bitcoin Halving Fuels Market Fluctuations

Dear Readers,

The cryptocurrency market continues to intensify in volatility, causing substantial losses for a multitude of alternative coins with alarming regularity. Notably, on Thursday, April 4th, Bitcoin registered a decrease of 0.48 percent, pushing its trading value to $66,234. As anticipation builds for Bitcoin's impending halving later this month, analysts foresee heightened fluctuations in the market in the weeks ahead. In parallel, Ether experienced a decline of 0.35 percent on the same day, with its current trading price resting at $3,336.

Highlights Of The Week

• NIST awards nearly $3.6 million to bolster the cybersecurity workforce for businesses.

• BoE and FCA launch consultation on Digital Securities Sandbox to test DLT for trading securities.

• Ether stakers surge, reducing Lido's market share to 29.57% from 32%, easing ecosystem concerns.

• Spot gold hits record high, prompting renewed criticism of Bitcoin from gold investors.

• Hacker in $320-million Wormhole exploit initially eligible for $50,000 airdrop in W tokens.

• Ethereum layer 2 scaling networks forecasted to reach a $1 trillion market cap in six years.

• Bitcoin futures funding rates hint at potential price correction, offering buying opportunities.

• Coinbase partners with Lightspark to integrate Bitcoin Lightning, led by ex-PayPal president.

• Sphere 3D denies financial trouble allegations from former partner Gryphon Digital Mining.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index, reflecting market sentiment, indicates a prevailing sentiment of greed with a current value of 70, down slightly from yesterday's reading of 71. This suggests that investors and traders are still exhibiting a strong appetite for risk within the cryptocurrency market. The consistent positioning in the greed zone underscores a prevailing optimism and willingness to engage in high-risk strategies. This sentiment may reflect a belief in the potential for further gains, despite ongoing volatility and uncertainties within the crypto space.

ATH coins

In the ever-fluctuating world of cryptocurrency, reaching an all-time high (ATH) is a significant achievement, indicating a surge in investor interest. However, past performance is not necessarily indicative of future results. Due diligence through in-depth research and analysis is paramount before considering investments in ATH coins. Here's a glimpse at some recent standouts that have achieved remarkable ATH milestones:

Ring AI (RING), the innovative platform using AI for intelligent customer support and sales, reached an all-time high of $0.8774 today. While the current price sits at $0.8009, the $2.09 million trading volume indicates ongoing interest.

OSIS (OSIS), the token powering an education, tokenization, and exchange ecosystem, joins the party. It achieved its ATH of $4.77 today as well. The current price of $4.74 suggests a minor dip, but the $424,507 trading volume hints at continued activity surrounding OSIS.

Comtech Gold (CGO), the Shariah-compliant token backed by physical gold, also reached its all-time high of $74.03 today. The current price of $73.94 reflects a slight correction, however, the $866,378 trading volume signifies active market participation.

GoWrap (GWGW), the DeFi protocol facilitating BRC20 integration across various blockchains, stands out with a unique story. It hit its ATH of $0.002029 today, and interestingly, the current price has even inched slightly higher to $0.002034. This, coupled with the $180,929.08 trading volume, suggests continued momentum for GWGW.

MX TOKEN (MX), the token powering the MEXC cryptocurrency exchange, presents a slightly different case. While its ATH of $4.49 was achieved yesterday, the current price remains at $4.47 with a significant trading volume of $100,832,591. This points towards sustained buying pressure and strong user engagement within the MEXC ecosystem.

Top Movers (24H)

As the cryptocurrency market consistently showcases its reliability as an investment platform, skeptics are now turning into enthusiasts, expanding their investment portfolios to include a variety of digital assets. Furthermore, current crypto investors are fortifying their positions, causing significant price surges in numerous cryptocurrencies over the last 24 hours. Let's examine some familiar cryptocurrencies that have seen remarkable price increases as of late.

AS Roma Fan Token (ASR) is experiencing a stellar day, skyrocketing over 73% in the last 24 hours. Its current price sits at $5.16, with a significant trading volume of $160.59 million. ASR is a utility token that allows fans of the Italian football club AS Roma to participate in club decisions, access exclusive experiences, and earn rewards.

Minati Coin (MNTC) is also enjoying a significant rise, jumping 62.64% in the past day. Its current price is $3.01, while the trading volume sits at $1.53 million. MNTC positions itself at the intersection of blockchain technology and the metaverse, a virtual world with vast potential.

Robonomics.network (XRT) is up over 54% in the last 24 hours, reaching a current price of $8.03. Airalab Robonomics Network, the project behind XRT, aims to revolutionize communication by facilitating direct interaction between robots and humans. They achieve this by creating a marketplace for robot liability contracts. XRT's surge with a trading volume of $1.36 million suggests growing interest in the potential applications of blockchain technology within the field of robotics.

Bella Protocol (BEL) is another big mover today, rising 35.89% to its current price of $1.49. Bella Protocol is a platform offering a suite of DeFi (Decentralized Finance) products designed to simplify and enhance accessibility to crypto banking services. The trading volume for BEL sits at a significant $143.86 million.

Rounding out the list is Only1 (LIKE), a social media platform built on the Solana blockchain. LIKE is up 32.59% in the last 24 hours, reaching $0.2026, with a trading volume of $6.18 million. Only1 leverages NFTs (Non-Fungible Tokens) to connect creators and users more effectively.

Non-Fungible Tokens – Developments

• Bitcoin remains the top blockchain for NFT sales with a 3.17% decrease, totaling $8.25 million in 24 hours.

• Square Enix restocks Final Fantasy VII Bring Arts action figures without NFT certificates, priced at 13,200 yen each.

• Forbes partners with Memeland to co-host 'No Sleep NYC' NFT event at NFTNYC.

NFTs To Watch

In the realm of NFTs, Memeland Captainz has made waves over the past 24 hours, boasting a volume of 207 ETH and a change of 69%. With each Captain leading their pirate crew through the treacherous waters of the Broken Seas, this collection of 9,999 seeks the legendary treasure of "Memeland." Priced at a floor of 3.59 ETH and with 58 sales, Memeland Captainz captures the imagination of collectors with its adventurous narrative and unique art style.

Azuki emerges as another compelling NFT project, commanding attention with a volume of 170 ETH and a staggering change of 176%. Offering a collection of 10,000 avatars, Azuki grants membership access to The Garden, a virtual haven where creators, builders, and web3 enthusiasts converge to shape a decentralized future. With a floor price set at 4.59 ETH and 32 transactions completed, Azuki's allure lies not only in its artistic appeal but also in the promise of community collaboration and innovation.

Meanwhile, Moonbirds has soared to prominence in the past day, amassing a volume of 99 ETH and an astounding change of 475%. With a modest floor price of 0.73 ETH and 143 sales, Moonbirds beckons creatives, dreamers, and collectors to its sanctuary. Within its vibrant community, participants find genuine connections and contribute to the evolving landscape of web3 art, culture, and technology. 

That's it for today. Thanks for reading. Good luck out there!

Best Regards,
Crypto Recorder Team

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