Best Cryptocurrency Trade Today: Avalanche, Terra, Solana, XRP Crash 8%

NewDelhi: The cryptocurrency market was in recession on Monday. Bitcoin and Ethereum fell in the first hour, but altcoin suffered a sharp drop. Global instability and heightened economic uncertainty caused by the war between Russia and Ukraine have led to market panic. High inflation and high-interest rates are other concerns in the digital market.

All other major cryptocurrency exchanges originally traded in denominations, with the exception of the stable coin, which was fixed to the US dollar. ice tank.

Meanwhile, US-based Crypto Trading Coinbase disabled the option to buy cryptocurrencies in India through its Unified Payment Interface (UPI) on Sunday. The world's largest exchange, which announced its entry into India through a mega-event, came under scrutiny from the National Payments Corporation of India (NPCI) for saying users can buy cryptocurrencies with UPI.

Expert acceptance

According to WazirX Tradedesk, on April 6, Terra bought $230 million worth of bitcoin and only $176 million worth of bitcoin. “If the CEO of Terraform Labs says in multiple tweets that he wants to build $3 billion in Bitcoin reserves in the near term, the buying trend won't stop, but the long-term goal is $10 billion,” he adds. I did it.

General update

Three former Citigroup Ltd. managers. He left the bank last month to found Motors Capital Management, a company designed to make it easier for HNI to bet on cryptocurrencies.

Citing Def Analytics HashX, CoinDesk reported that Ethereum gas usage in mass demand rose 13% month-on-month in March.

Proasset Exchange Technology Show

Matic peaked in the last week of December 2021 and the daily price was quoted at $2,876. Since then, it's lost about 50% of its value over the past three and a half months.

The trend was a clear bearish formation from the lower peak with occasional breaks in the dead cat collection.

We have identified two main areas of Matic resistance so far, $1.48 and $1.52. The March low of 31.34 is likely to be revised in the near future, so next week's stop-loss could be tactical and the aforementioned resistance could boost sales.