What happened on the crypto market while everyone was asleep – a review from April 8


An alternative view of China’s interest in bitcoin, a slight increase in the first cryptocurrency after the fall, the first NFT tokens from the airline – these and other news on the morning of April 8 in our review.

The most capitalized cryptocurrency – Bitcoin – started Thursday with a slight increase, which was preceded by a significant drop. Yesterday, the coin was trading above $ 58 thousand. At the time of writing the news (06:01 Moscow time), the cryptocurrency rate is at a height of $ 56 617. During the day, bitcoin lost 1.85% of its value.

Bitcoin chart. Data: TradingView

Read also: Bitcoin (BTC) is consolidating on the way to $ 60,000

The largest losses per day were recorded at XRP (-14.54%). At the same time, the token retained the best movement result for the week (+ 57.32%). We wrote about the reasons for the growth realized by XRP earlier. During the week, bitcoin lost in price more actively than other cryptocurrencies from the top 10 (-4.81%).

Top 10 most capitalized cryptocurrencies. Data: CoinMarketCap

Among the top 100 most capitalized cryptocurrencies during the day (+ 27.38%) and the week (+ 457.09%), WazirX grew more actively than others. The largest losses in the first hundred digital assets were recorded in Bitcoin Gold (-20.69%). During the week, Klaytn lost more actively than others (-24.26%).

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Breaking news on the morning of April 8

  • AirBaltic team will be the first airline to release collectible NFT tokens… The aim of the initiative is to popularize tourism in Latvia, the home country of the organization. The CEO of the company, Martin Gaus, drew attention to the fact that NFT technology can be used not only to issue collectible tokens, but also to sell air tickets. Representatives of the organization reported this to the editorial office of BeInCrypto. As a reminder, airBaltic became the first airline to allow users to purchase tickets for Bitcoin.

Read also: Which NFT tokens are worth investing in – 4 tips from experts

  • The PayPal co-founder believes China is using Bitcoin against the US. According to one of the founders of the largest electronic payment system – Peter Till – the PRC authorities can perceive cryptocurrency as a “financial weapon”. He explained his point of view by the significant impact of bitcoin on the world economy. Recall that it is in China that over 70% of the cryptocurrency hash rate is concentrated.
  • Mining company Hut 8 intends to raise about $ 400 thousand through the sale of shares on the Toronto Stock Exchange… The securities are already listed on the trading platform. Presumably, the company will use funds for expansion and capacity building. Writes about this The Block.
The chart of the movement of shares of mining companies. Source: The Block

We will remind, earlier on the network there was information that the popular exchange of digital assets Binance will continue a series of large acquisitions.

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Karice Dabule

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