Bittime - The crypto industry continues to grow, with many new projects emerging. That way, market trends continue to shift. To be able to survive amidst crypto developments, information about crypto is very important. The following are highlights of today's crypto news, May 1, 2024.
Bitcoin Correction Still Continues
Today, the price of Bitcoin (BTC) is still in a consolidation phase around US$58,000 after experiencing a brief decline below that level. Some analysts predict that BTC still has the potential to rise again in the long term.
However, 10x Research, a well-known research institution in the crypto field, recently said that Bitcoin's price has approached a crucial level. 10x Research predicts that BTC prices will soon touch the entry point level for US ETF investors, which is around $57,300. If the price penetrates this level, it is feared that Bitcoin's correction could deepen.
Check Today's Crypto Market:
Other Crypto Asset Price Corrections
Apart from Bitcoin, Ethereum (ETH) also experienced a decline in the last 24 hours. Currently, ETH is trading at around US$1,700. However, some analysts are optimistic that ETH will rise again as Ethereum blockchain technology develops.
Meanwhile, several altcoins, such as Cardano (ADA), Solana (SOL), and Polkadot (DOT) also experienced price declines in the last 24 hours.
Crypto Law
A Singapore court sentenced one of the defendants to 15 months in prison in a money laundering case worth S$3 billion. This case is proof of the Singapore government's commitment to fighting financial crime.
Meanwhile, the United States Securities and Exchange Commission (SEC) is reportedly considering approving a Bitcoin Spot ETF (Exchange Traded Fund) in the near future. This news can be positive news for the crypto industry amidst news of price corrections for several crypto assets.
Also Read How to Buy Crypto:
Crypto Security
Good news comes from crypto exchange platform, MEXC Global, which announced that it has successfully prevented a targeted hack attack. This shows that the crypto exchange platform continues to improve its security system.
Seeing the large potential for crypto crime, we are expected to always be alert to crypto fraud which is rife on social media. Make sure to always do your research before investing in any crypto asset.
Check Crypto Prices Today:
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Bitcoin Correction: Bitcoin Price Approaching Crucial Level?
Massive Liquidations Rock the Crypto Market in the Last Hour
Zhang Ruijin, Defendant in S$3 Billion Money Laundering Case, Sentenced to 15 Months in Prison
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.