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Price analysis 4/19: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin (BTC) has been witnessing volatile moves in the past three days. The pick-up in volatility shows that the buyers and sellers are vying for supremacy. 

Bitcoin recovered sharply on April 18 but gave back all the gains on April 19. The latest sell-off may have been triggered by the high inflation figures in the United Kingdom and the regulatory uncertainty in the United States. Profit booking was not limited to Bitcoin as most major altcoins also turned lower.

Daily cryptocurrency market performance. Source: Coin360

While a deep correction is possible, Glassnode said in its analysis on April 17 that several on-chain indicators are pointing toward the end of the bear market. If that is the case, the dips may be viewed as a buying opportunity by long-term investors.

What are the important support levels that are likely to be guarded by the bulls? Let’s study the charts of the top-10 cryptocurrencies to find out.

Bitcoin price analysis

Bitcoin is witnessing a keen battle between the bulls and the bears at the 20-day exponential moving average ($29,092). The bears are trying to sink the price below the 20-day EMA while the bulls are attempting to start a strong rebound.

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Altcoins

Price analysis 4/19: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Bitcoin and select altcoins turned down sharply on April 19 but a minor positive is that the bulls are trying to defend their respective support levels.

Bitcoin

Here’s what happens to NFTs when you die: Nifty Newsletter, April 12–18

Cointelegraph went to the NFT.NYC event in New York and learned how industry leaders feel about the state of play-to-earn gaming.

Bitcoin

OpenAI has until April 30 to comply with EU laws, ‘next to impossible’ say experts

Italian regulators say ChatGPT must meet local and GDPR privacy regulations by April 30, but AI experts say the model's architecture makes such compliance almost impossible.

Regulations

Maple Finance launches pool for US Treasury yields

The so-called on-chain management protocol gives non-U.S. accredited investors access to one-month U.S. Treasury yields.

Blockchain

New Trump NFTs sell out on day one

"There are no refunds. All sales of Trump Digital Trading Cards are final," developers wrote.

Blockchain

Coinbase’s Base network gets OpenZeppelin security integration

Contract upgrades, admin changes and protocol tweaks can now be made using standard APIs that were previously unavailable on Base.

Ethereum

Microsoft Azure Marketplace integrates on-ramp to blockchain data

Space and Time CEO Nate Holiday said this would allow enterprises to build on the blockchain without compromising security and computing power.

Blockchain

Can Bitcoin reclaim $30K? Watch these BTC price levels next

Bitcoin bulls still have an opportunity to turn the situation around, analysis suggests, with BTC’s price recovering to a key springboard level.

Bitcoin

Can Bitcoin reclaim $30K? Watch these BTC price levels next

Bitcoin (BTC) fought to regain lost ground at the April 19 Wall Street open as traders called for calm on the day’s downside.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

“Unusual” spot sell triggers BTC price suspicion

Data from Cointelegraph Markets Pro and TradingView monitored BTC/USD as it crawled toward $29,500 on Bitstamp.

The pair had shed $1,000 in minutes earlier on the day as over $200 million in long liquidations accompanied a return below $30,000.

Reactions subsequently linked the price action, which originated in a 16,000-BTC market sell on Binance, to a potential forthcoming news event, this ultimately failing to materialize at the time of writing.

Market participants thus remained level-headed, arguing that important support levels were still present amid a healthy retracement.


Market Analysis

From SNL and The Tonight Show to Sotheby’s:  NFT Creator Bryan Brinkman

Bryan Brinkman (of SNL and The Tonight Show) reveals that the secret to being a successful NFT creator involves spending just one-third of the time on art.

Regulations

From SNL and The Tonight Show to Sotheby’s:  NFT Creator Bryan Brinkman

Bryan Brinkman (of SNL and The Tonight Show) reveals that the secret to being a successful NFT creator involves spending just one-third of the time on art.

Market Analysis

From SNL and The Tonight Show to Sotheby’s:  NFT Creator Bryan Brinkman

Bryan Brinkman (of SNL and The Tonight Show) reveals that the secret to being a successful NFT creator involves spending just one-third of the time on art.

Altcoins

From SNL and The Tonight Show to Sotheby’s:  NFT Creator Bryan Brinkman

Bryan Brinkman (of SNL and The Tonight Show) reveals that the secret to being a successful NFT creator involves spending just one-third of the time on art.

Bitcoin

From SNL and The Tonight Show to Sotheby’s:  NFT Creator Bryan Brinkman

Bryan Brinkman (of SNL and The Tonight Show) reveals that the secret to being a successful NFT creator involves spending just one-third of the time on art.

Blockchain

From SNL and The Tonight Show to Sotheby’s:  NFT Creator Bryan Brinkman

Bryan Brinkman (of SNL and The Tonight Show) reveals that the secret to being a successful NFT creator involves spending just one-third of the time on art.

Ethereum

From SNL and The Tonight Show to Sotheby’s:  NFT Creator Bryan Brinkman

From working on Saturday Night Live and The Tonight Show as an animator to now having more than 1,000 collectors of his NFTs, Bryan Brinkman is an example of how a digital artist can thrive in ways never before possible. 

Best described as a digital pop artist with an emphasis on animation, Brinkman’s fans include high-profile NFT collectors such as Pranksy, J1mmy.eth and WhaleShark. He has also been featured at Christie’s and had fractionalized art of his put up for auction at Sotheby’s.

“Scroll’ by Bryan Brinkman. (SuperRare)

“Prior to NFTs, I spent 15 years working in various industries such as fashion, MTV shows and animated television series. I’ve also worked a large chunk of my career on late-night TV shows like Saturday Night Live and The Tonight Show, which revolve a lot around humor,” Brinkman says. 

“When NFTs came along, animation finally became a medium that could be quantified and collected. It immediately clicked with me. There are lots of branches you can do as an animator, but this is the only one that allows you to truly be independent and in control.”

“In its simplest form, I describe myself as a digital pop artist, but I also think mixed media is a term I use as well. I like to mix 2D and 3D as well as play around with different mechanics and forms.”


Weekly Overview

Hong Kong court rules cryptocurrencies as property

The decision aligns Hong Kong with other jurisdictions that recognizes cryptocurrencies as digital properties.

Bitcoin

Hong Kong court rules cryptocurrencies as property

The decision aligns Hong Kong with other jurisdictions that recognizes cryptocurrencies as digital properties.

Regulations

Connecting DeFi: How multichain token systems can improve liquidity

Multichain token systems can move tokens between different blockchains, allowing users to access liquidity across multiple markets.

Blockchain

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