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Bitcoin (BTC), the oldest and most valued crypto coin, dipped below the $28,000 mark early Wednesday before managing to reclaim the $28,000 mark again at the time of writing. Other popular altcoins including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) landed in the reds across the board. The Maker (MKR) token managed to become the top gainer among the lot, with a 24-hour jump of 3 percent. Internet Computer (ICP) became the top loser, with a 24-hour loss of nearly 9 percent.

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The global crypto market cap stood at $1.16 trillion at the time of writing, registering a 24-hour dip of 1.80 percent.

Bitcoin price stood at $28,024.81, registering a 24-hour dip of 1.90 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 24.89 lakh.

ETH price stood at $1,829.50, marking a 24-hour loss of 0.91 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.61 lakh.

DOGE registered a 24-hour dip of 0.06 percent, as per CoinMarketCap data, currently priced at $0.07858. As per WazirX, Dogecoin price in India stood at Rs 7.

Litecoin saw a 24-hour loss of 0.29 percent. At the time of writing, it was trading at $87.14. LTC price in India stood at Rs 7,550.03.

XRP price stood at $0.4631, seeing a 24-hour dip of 0.26 percent. As per WazirX, Ripple price stood at Rs 40.80.

Solana price stood at $21.79, marking a 24-hour loss of 1.47 percent. As per WazirX, SOL price in India stood at Rs 1,969.90.

As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:

Maker (MKR)

Price: $70624-hour gain: 3.17 percent

Frax Share (FXS)

Price: $7.7424-hour gain: 2.02 percent

Rocket Pool (RPL)

Price: $46.2324-hour gain: 1.99 percent

Chiliz (CHZ)

Price: $0.125924-hour gain: 1.58 percent

USDD (USDD)

Price: $0.99824-hour gain: 0.88 percent

As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:

Internet Computer (ICP)

Price: $5.7124-hour loss: 8.92 percent

Render Token (RNDR)

Price: $2.1424-hour loss: 8.87 percent

MultiversX (EGLD)

Price: $40.2024-hour loss: 7.60 percent

XDC Network (XDC)

Price: $0.0374224-hour loss: 6.72 percent

Huobi Token (HT)

Price: $3.3224-hour loss: 5.14 percent

Mudrex co-founder and CEO Edul Patel told ABP Live, Bitcoin started the week trading in the red experiencing a slight decline, as investors geared up for a significant week of US economic data events. BTC is presently trading at $28,000, having peaked at $29,900 during the weekend. Meanwhile, Ethereum's trading remained unchanged at the $1,800 mark. Investors are closely monitoring the US Federal Reserve's scheduled interest rate hikes on Wednesday, as well as the non-farm payroll data for April on Friday.

WazirX Vice President Rajagopal Menon said, Bitcoin (BTC) started the US trading week trading below $28,000 amid news of regulators' imminent seizure of First Republic Bank. However, JPMorgan winning the auction to buy First Republic assets reinforced the banking sector's preparedness to address crises. On WazirX, iExecRLC (RLC) and UMA (UMA) have been the top gainers in the last 24 hours.

Sathvik Vishwanath, CEO and co-founder of Unocoin said, Bitcoin's market cap is $541 billion, ranking it #1 on CoinMarketCap. Candlestick patterns indicate bearish sentiment, while RSI and MACD indicators predict a potential downtrend in Bitcoin price today. Bitcoin may encounter immediate support at the $27,600 level, marked by the trend line on the 4-hour chart. If the price breaks below this level, the next support level is at $27,200.

Shivam Thakral, the CEO of BuyUCoin, said, The crypto market cap dipped by 1.8 percent after the Labour Day long weekend. BTC slipped below the $28,000 mark briefly while ETH is trading just above the $1,800 mark. There are a lot of factors that will move the market this week such as JPMorgan bailing out the First Republic Bank, the US jobs report, and the US Fed rate hike. Overall sentiment for the crypto market looks positive but the market liquidity crisis may act as a deterrent to market momentum.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

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Cryptocurrency Price Today: Bitcoin, Ethereum, Other Top Coins Fail ... - msnNOW

The blockchain industry is volatile and ever-evolving, with market swings in either direction consistently. Investors need to follow the various momentum of any coin or token they are interested in to stay on top.

Ethereum (ETH), one of the largest projects in market capitalization, has gained upward momentum, and its overall performance will send waves down the entire market. As such, analysts have predicted Uwerx can increase in value due to the forward momentum.

Regarding the price prediction surrounding the Ethereum (ETH) cryptocurrency for 2023, as of March 1, 2023, the cryptocurrency is trading at $1,656.61.

In the last 24 hours, its value jumped by 2.09%. In the last seven days, it increased by 1.22%.

So far, throughout 2023, the value of ETH has increased above the $1,700 barrier, and analysts initially predicted that it would be priced at $2,186.87 by the end of Q4, 2023.

However, the coin has decreased from its previous months high, and analysts believe it needs to go past the $1,700 barrier again to reach its goal.

With skepticism surrounding the overall growth of ETH, investors are looking elsewhere for viable investment options.

There has been rapid growth within the freelance space, with more companies than ever before integrating freelancers within their business processes.

73% of tech companies have integrated teams of freelancers and employees., wrote Jon Younger for Forbes.

The current state of the freelancer market is fragmented and difficult to navigate, with freelancers needing to create and re-establish their reputation on numerous platforms and the platforms themselves incurring a high fee of, on average, 20%.

Uwerx (WERX) is an upcoming freelance platform that leverages blockchain technologys power to resolve many of the issues faced by freelancers and companies seeking them.

It charges a fee of just 1% and provides far greater records transparency due to the utilization of blockchain technology and decentralization.

The platform protects intellectual property rights, rewards freelancers and clients for activity, and creates incentives for those that join the platform.

The project introduces gamification elements, built-in collaboration tools, personalized matching, and Peer-to-Peer (P2P) feedback. Users can access transparent pricing and built-in dispute resolution tools and engage in social impact initiatives.

The liquidity will have a 25-year lock period after the conclusion of the presale. Moreover, the project features audit approval by InterFi Network and Solidproof.

Uwerx provides a unique opportunity for investors to get engaged within a project that can become a dominant force and leader within the freelancer industry, as it utilizes advanced blockchain technology and has low fees.

The starting price of WERX token is $0.00995, and with its momentum, and technological advancements, analysts believe that people need to jump on the presale, as the cryptocurrency has the potential of reaching $0.75 in value by Q4 2023, based on the price prediction of analysts.

Uwerx positions itself as a market leader, and can be a dominant force across the entire blockchain industry. Investors do not want to miss the opportunity to get early access to one of the most significant new projects in crypto.

Find Out More Here:

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network

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Ethereum (ETH) Price Prediction and Uwerx Analysis: Which ... - Blockchain Reporter

SAN FRANCISCO, CA 1st May 2023, King NewsWire BitGPT, the latest innovative solution in the realm of cryptocurrency trading, is poised to make waves in the digital finance industry. This groundbreaking cryptocurrency trading bot, developed by the world-renowned team at OpenAI, employs the cutting-edge GPT-4 module to generate substantial profits.

BitGPT uses advanced machine learning to analyze vast quantities of real-time financial data, making it a pioneer in its field. By interpreting historical trends, market sentiment, and intricate patterns, it can accurately predict market behavior and execute trades with an efficiency that surpasses human capacity.

BitGPT is more than just a trading bot, explains the Lead Developer of the project. Its a revolutionary toolset to disrupt the cryptocurrency trading scene. Our AI has been meticulously trained to comprehend and navigate the volatile cryptocurrency market, promising unprecedented returns for users.

In an era where cryptocurrencies have become a mainstay in the global economy, BitGPT is a transformative innovation. The bot democratizes access to lucrative trading strategies, opening the door to profitable investment opportunities for both seasoned traders and beginners.

What truly sets BitGPT apart is its evolving intelligence. As the bot interacts with the market, it continues to learn and adapt, refining its trading strategies to optimize profit and minimize risk.

BitGPTs release marks a significant milestone in the integration of advanced AI technology into the world of digital finance. Developed by a team of leading experts in AI, machine learning, and financial markets, BitGPT is a testament to innovation, research, and development.

BitGPT is currently offering a limited number of investors the opportunity to participate in an exclusive early-access program. This initiative provides select participants with the chance to experience BitGPTs phenomenal potential ahead of its public launch.

We are eager to unveil BitGPT as a transformative tool in the cryptocurrency trading landscape, says the CEO of BitGPT. We welcome our early-access investors to witness the beginning of a new era in digital finance.

The introduction of BitGPT is a clear demonstration of the potential of AI-driven financial technology. By creating opportunities for individuals to participate in the cryptocurrency market with a sophisticated tool like BitGPT, the team is paving the way for a future where artificial intelligence plays an integral role in global finance.

For more information on BitGPT and the early-access program, visit the BitGPT website. Interested investors are urged to apply promptly, as slots are limited.

About BitGPT

BitGPT is a pioneering cryptocurrency trading bot developed by a team of world-class experts in AI, machine learning, and financial markets. Leveraging the power of the GPT-4 module, BitGPT is set to redefine the cryptocurrency trading landscape with its advanced AI capabilities and revolutionary approach to digital finance.

Press Contact:

BitGPT

[emailprotected]

This press release contains forward-looking statements that involve risks and uncertainties, including those relating to BitGPTs ability to revolutionize the cryptocurrency market. Actual results may differ materially from the results predicted.

Organization: BitGPT

Contact Person: Hike Ronald

Website: https://www.bitgpt.app/

Email: [emailprotected]

City: London

Country: United Kingdom

Release Id: 0105233343

The post Introducing BitGPT: The AI-Powered Cryptocurrency Trading Bot Set to Revolutionize the Market appeared first on King Newswire.

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [emailprotected]

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Introducing BitGPT: The AI-Powered Cryptocurrency Trading Bot Set ... - Digital Journal

Let us have a look at the top 10 promising cryptocurrency trends to look out for in 2023

As the demand for cryptocurrencies is increasing, it is quite obvious that people are increasingly curious about crypto trends. Taking the same into account, let us have a look at the top 10 promising cryptocurrency trends to look out for in 2023:

In the coming time, the crypto industry will work on a precise regulation around cryptocurrency. The same has already begun as lawmakers in Washington D.C. and worldwide are establishing laws and setting guidelines to make cryptocurrency safer for investors.

The bitcoin pressure seems to not have normalized and the same is likely to continue ahead as we may see that this coin could stay under pressure even after touching a high of around $70,000 in 2021. The year started with Bitcoin touching $29,000. With the massive gains, investors expect a bearish trend in the legacy cryptocurrency in 2023.

Off late, Web 3.0 has already created many waves, and the time has come that the third version of the internet must be looked out for in 2023 and beyond. Someone who wishes to fund their websites without depending on large corporations that own servers or charge hefty fees has a sustainable solution with Web 3.0.

The cryptocurrency industry is undergoing a dramatic turn of events. For a year or more, the experts anticipated an upward trend in the crypto space. However, the recent world invasions saw digital currencies facilitating it.

Nonfungible tokens offer access to decentralized funding options, which has immensely helped artists and creators with this access. As a result of this, they get more freedom in financing their creation. Additionally, NFTs are secure, one can surely rely on them.

The first Bitcoin ETF debuted on the New York Stock Exchange in 2021, a notable breakthrough. The development is a new and more conventional way to invest in crypto. This is one of the most happening trends to look forward to.

Today, the crypto space has seen some behemoth brands like Disney, Microsoft, Google, and Apple mark their entry into the metaverse space. In addition to this, one can also see an increase in crypto assets dynamic use cases, including NFTs and metaverse integrations.

Layer 2 (L2) smart contracts are gaining popularity and traction like never before. Now, experts anticipate that it is a trend to stay. Bitcoin and Ethereum, for example, fall under the Layer 1 cryptocurrencies umbrella, as they have their settlement layer.

Cryptocurrencies were criticized a lot due to their negative impact on the environment. Bitcoin mining, for example, churns around an estimated 40 billion pounds of carbon emissions in the United States alone. Whats important to note here is that emerging blockchain networks have consistently started to incorporate eco-friendlier consensus mechanisms.

Ethereum 2.0 was introduced just a couple of years back. However, its upgrade is scheduled to take place in chunks. The backdrop of the blockchain networks complete transition from Proof of Work (PoW) to Proof of Stake (PoS) ultimately highlights how the latest Serenity upgrade is yet to reach its full potential.

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Top 10 Promising Cryptocurrency Trends to Look Out for in 2023 - Analytics Insight

South Koreas legislation on how to regulate digital assets, which has an emphasis on consumer protection and excludes central bank digital currencies, passed the first phase of review in the countrys National Assembly on Tuesday. The bill is expected to pass into law later this year.

See related article: S.Korea to expand probe on token listing bribes if it sees more evidence

The bill defines virtual assets as an electronic representation of an economic value that can be traded or transferred electronically. It excludes central bank digital currency (CBDC) or other services under the Bank of Korea, the countrys central bank.

The bill requires crypto service providers to keep user assets and deposits separate from the providers assets, to have insurance, to hold reserves in case of hacks or system failures, and to maintain records of all transactions.

It also stipulates that failing to include required information in investor disclosures, price manipulation, and false promotion of crypto assets are all against the law and subject to punishment of one year in prison, or a fine of three to five times the amount of unfairly earned profits, for those convicted of such acts.

For those convicted and causing losses to consumers in excess of 5 billion Korean won (US$3.73 million), the punishment increases to five years to life in prison.

The bill gives the Financial Services Commission, the countrys regulator, the authority to examine and supervise digital asset businesses. A service provider will be required to immediately report any irregular activities, such as halting user withdrawals, to the commission.

The bill will now need to be reviewed and passed by the Legislation and Judiciary Committee, and then at the Assemblys plenary session, said the Ruling People Power Partys Digital Asset Special Committee member Hwang Suk-jin in a text message to Forkast. Hwang helped develop the bill. As both the ruling and opposition parties have agreed on the matter, the legislation will likely take place become law within the first half of the year.

[The bill] will play an important role in establishing market order as it develops the basic law to block unfair trade acts, said Hwang, who added it is a step to bring transparency to South Koreas cryptocurrency market.

Dates for the next plenary sessions after April have not been decided yet, according to the National Assemblycalendar.

See related article: South Korea financial regulator to clamp down on voice phishing involving cryptocurrencies

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South Koreas cryptocurrency bill gets nod in first phase of review, may pass this year - Yahoo Finance