This week has been quite volatile, as cryptos fluctuate due to interest rates and Bitcoin’s halving event. Approving the new spot Bitcoin ETFs in Hong Kong was another factor driving prices this week, not forgetting the Israel and Iran conflict.
Bitcoin Price Review Review
Bitcoin (BTC) has had a volatile week. The crypto king dropped below $63K before showing slight recoveries. As of press time, Bitcoin, trading at $65,356, had seen a 1.8% jump from its previous seven-day price, as its market cap stood at $1.28T during the same period.
Bitcoin’s short recovery from post gains over seven days can be attributed to its recent halving event. Though not directly seen, the effects of the after-halving may have started already, as the community expects a price increase in the crypto king concerning the reduced rewards.
The #BTC halving is here!
— Benjamin Cowen (@intocryptoverse) April 20, 2024
Core DAO Price Review
Core DAO (CORE) is this week’s top gainer, as seen from its price movements over the past seven days. As of press time, Core DAO, trading at $2.45, had seen an 80.8% dump from its previous seven-day price, as its market cap stood at $2.1B during the same period.
This week’s surge can be attributed to recent moves by the community, which might have stirred some enthusiasm among investors. Recently, the foundation announced that it had collaborated with DeFi Technologies Inc. and its subsidiary Valour to support CORE-yielding Bitcoin ETPs ahead of news of Non-Custodial BTC Staking.
1/ Alongside the news of Non-Custodial BTC Staking, The Core Foundation has collaborated with DeFi Technologies Inc. and its subsidiary Valour to support CORE-yielding Bitcoin ETPs.https://t.co/VSvbwUsqgo pic.twitter.com/GHFr7Bi7BM
— Core DAO (@Coredao_Org) April 17, 2024
Bonk Price Review
Bonk (BONK) is this week’s second top gainer as the meme coin managed some notable gains today. During writing, Bonk, trading at $0.00002145, had seen a 35% pump from its previous seven-day price, as its market cap stood at $1.3B during the same period.
Bonk’s surge this week can be attributed to recent efforts to engage the community, which might have also drawn some enthusiasm for the meme coin. Recently in Dubai, the Bonk community organized a drone show, an event that caught the eye of the crypto community, conversely pushing Bonk prices up.
So it looks like $BONK launched an epic drone show in DubaiCompilation of the best photos and videos below pic.twitter.com/VkNpBymdGq
— Teddy (@TeddyRoosevalt) April 18, 2024
Arweave Price Review
Arweave (AR) is another top gainer this week, and the altcoin also managed some notable gains in today’s session. During writing, Arweave, trading at $33.69, had seen a 29.8% pump from its previous seven-day price, as its market cap stood at $2.2B during the same period.
The pump in the altcoin can be attributed to recent rewarding initiatives by the token’s community, which could have also sparked some activity on the altcoin. On April 18th, the token’s community announced a $10,000 bounties program on X, an event that might have stirred some enthusiasm.
RP @Weavers_Org:$10,000 IN BOUNTIES AVAILABLE Which @aoTheComputer Bounty will you choose? Creative or technical? BOTH? Bounty details here: https://t.co/gfSPDwpDG4 pic.twitter.com/DO6TH0OUNk
— Arweave Ecosystem (@ArweaveEco) April 18, 2024
SingularityNET Price Review
SingularityNET is another gainer in today’s session, posting some remarkable gains. During writing, SingularityNET, trading at $1, had seen a 26.3% pump from its previous seven-day price, as its market cap stood at $1.2B during the same period.
SingularityNET’s pump can be attributed to its achievements this week, possibly placing the token as a hot pick. On April 19, the firm announced that they had received the best crypto AI Project award at the BlLife_Forum Awards 2024.
SingularityNET Wins the Best Crypto AI Project Award at the Blockchain Life Awards 2024!We are honored to announce that we have received the Best Crypto #AI Project Award at the @BlLife_Forum Awards 2024. This recognition highlights our contributions to the advancement of… pic.twitter.com/O9lO8Qx9bp
— SingularityNET (@SingularityNET) April 19, 2024
