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NerveNetwork is landing on Zksync ecosystem! We're glad to announce that #NerveNetwork will support #Zksync projects & users with its full suite of products, which includes NerveBridge, NerveSwap, and NerveFarm #Binance #crypto2023 #BTC

NerveNetwork is landing on Zksync ecosystem! We're glad to announce that #NerveNetwork will support #Zksync projects & users with its full suite of products, which includes NerveBridge, NerveSwap, and NerveFarm

#Binance #crypto2023 #BTC

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🔥🔥Cryptocurrency Liquidations Approach $1 Billion in a Day, Driving Down Prices of Bitcoin and Altcoins🔥🔥 A sudden drop in Bitcoin and other cryptocurrencies caused large liquidations on April 12. This broad price drop has several possible causes, including a recent US stock market slump. Hourly Crypto Flash Crash Liquidates Nearly $500 Million Bitcoin fell 4.49% to $66,052 last day, according to CoinMarketCap. As predicted, BTC's collapse affected the market, with Ethereum and Solana losing 8.12% and 12.16% daily, respectively. Coinglass data shows that 277,843 traders lost leverage holdings as total crypto liquidations hit $877.21 million in the previous 24 hours. Traders lost $94.24 million on short positions and $782.98 million on long holdings. As prices fell, $467 million in leverage positions were liquidated in an hour. The biggest liquidation order was $7.19 million in the ETH-USD market on OKX, while Binance had the most liquidations at $369.85 million. The S&P 500 index fell 1.6% to $5,108, matching Bitcoin's price drop. In March, CPI data showed inflation rising to 3.5% year over year, before this market catastrophe. Such reports simply suggest that the US Federal Reserve (Fed) may not reduce rates soon to lower inflation to its yearly objective of 2%. This prognosis is adverse for the crypto market since Fed rate reduction enable investors to comfortably pursue riskier assets like BTC with high payouts. Bitcoin Network Grows As Halving Approaches Positively, Bitcoin has more non-empty wallets before the April 19 Halving event. Santiment reported 370,000 more BTC wallets with active coins in the previous six days. The analytic team is encouraging investors to continue accumulating throughout the Bitcoin halving event. Bitcoin traded at $66,882 with a 44.80% rise in daily trading volume to $43.80 billion. Bitcoin's price has fallen 1.33% and 6.20% in the previous seven and 30 days, respectively. #bitcoinhalving #BullorBear #BTC $BTC $BNB $ETH
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#Dogecoin price may rebound 25% as market looks to find bottom. Dogecoin fell 15% following the Friday crypto market crash. $DOGE may recover 25% if Bitcoin recovers. The hammer candle is a caution to the thesis, which would fail below $0.1606. Dogecoin (DOGE) led the meme currency sector drop as markets followed Bitcoin (BTC) in the Friday slaughter. The downturn may allow traders to acquire DOGE at a discount before the BTC halving, as markets remain optimistic. Dogecoin is down roughly 15% in the Bitcoin price crash. It has driven cryptocurrencies and meme coins to -20% losses. The plunge has not affected bitcoin market sentiment as Q2 2024 gains speed. All eyes are on the having, so the industry has lot to look forward to in the coming week and months. Dogecoin is above a key support level shown by the ascending trendline. With a hammer candle, DOGE may bounce off at this support barrier, which has twice offered a buying opportunity. For laypeople, a hammer candle is a bullish reversal pattern with a tiny body at the top and a lengthy lower shadow or wick. It appears when the asset's price has been falling, indicating that sellers are capitulating as the market seeks a bottom. It also means buyers are entering to raise the price. This may indicate traders to purchase or sell the item. Adding RSI to this bullish technical setup reinforces the bullish argument. On the RSI chart below, purple accents suggest the RSI is defending the 45 level, a move observed before March 19. Dogecoin may rebound to the 50% Fibonacci placeholder at $0.1946 if the RSI stays above 45. This would be 15% higher. The Awesome Oscillator (AO) being positive supports the aforementioned premise. A Bitcoin price surge might spur additional purchase orders, allowing Dogecoin to retake the $0.2287 local peak. Regaining $0.2100 would be the first indicator. However, if selling pressure rises, Dogecoin price might go below $0.1606, undermining the bullish thesis and boosting the possibilities of additional decline below $0.1283. #bitcoinhalving #elonmusk
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#XRP Price Forecast: $1 Rebound in the Horizon Despite 11% Drop to $0.54? In the midst of a collapse in cryptocurrency markets caused by increasing fears of a US/Israel against Iran conflict, the price of XRP (XRP) fell sharply 11% to $0.54 on Friday. After Iran killed IRGC commanders in Syria, the Jewish state is preparing for a possible response. On Friday, rumors spread that the United States is preparing to support Israel by repositioning its warships. After Hamas attacked Israel on October 7 and Israel launched a deadly retaliation into Gaza on October 9, tensions in the Middle East skyrocketed. XRP Price Forecast: Is a Rebound to $1 on the Horizon? A test of a long-term uptrend is now being considered since XRP has fallen well below its main moving averages. The price of XRP has been steadily rising since hitting rock bottom in early 2023. The $0.43–$0.46 region is a potential short-term retest of support should this upswing fail. A break beneath $0.40 is not out of the question. But it's still hard to tell whether $1 is on the horizon. The case against the SEC that Ripple Labs is pursuing is continuing to gain steam. Last year, a court determined that the selling of XRP by Ripple Labs was not necessarily a security transaction. With its current winning streak, Ripple Labs believes banks will be more inclined to use its XRP-powered global payments system. The adoption of XRP might be significantly enhanced by that. However, XRP's lack of decentralization is still a cause for worry. In addition, a lot of people are worried that XRP doesn't have much of a purpose in comparison to other big cryptocurrencies. Both of them are home to rapidly expanding ecosystems for decentralized banking and applications, and the former is being seen as digital gold at the moment. #BullorBear $XRP
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