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Crypto Outlook

  

-BTC: $28,050.05

-ETH: $1,854.62

-XRP: $0.5075

-LTC: $90.73

The global crypto market cap is $1.18T, a 0.17% decrease over the last day.

The total crypto market volume over the last 24 hours is $26.97B, which makes a 9.23% decrease.

BTC: BTC price increased by 0.20% and decreased by 1.35% over 24 hours and in the past seven days. The asset reached a low and high of $27,893.99 and $28,159.86, respectively.

TeraWulf, a cryptocurrency mining company, has launched its services in Pennsylvania, operating the first 100% nuclear-powered Bitcoin mining facility in the United States. The company has already achieved remarkable results and is steadily progressing while expanding its operations.

In March, TeraWulf’s Bitcoin mining center, Nautilus, had approximately 9,200 active miners, contributing to the company’s average monthly operating hash rate of 3 EH/s. This represents a 50% month-over-month increase compared to February, according to a press release issued by TeraWulf on April 6.

ETH: ETH price decreased by 0.71% and increased by 2.14% over 24 hours and in the past seven days. The asset reached a low and high of $1,848.12 and $1,879.11, respectively.

In September, Ethereum shifted to a more energy-efficient proof-of-stake model, but one pending upgrade still needs completion before users can unstake their ETH from the network. According to an analyst at crypto data platform Nansen, the upgrade is scheduled for next week, but the process may take several weeks to finalize.

The upcoming Shanghai upgrade, paired with another upgrade called Capella, will mark the conclusion of Ethereum’s transition following the merge event that took place in September. The upgrades are eagerly awaited by users who have staked ETH in the network, either individually or through platforms like Lido Finance and Rocket Pool, as they will soon be able to withdraw their assets and rewards.

XRP: XRP price decreased by 0.69% and 1.47% over 24 hours and in the past seven days. The asset reached a low and high of $0.5044 and $0.5131, respectively.

The cryptocurrency community eagerly awaits the outcome of the lawsuit filed by the Securities Exchange Commission (SEC) against blockchain firm Ripple. However, the case has taken a new turn, potentially influencing the final judgment significantly.

On April 7, lawyer Bill Morgan tweeted that the SEC’s expert had acknowledged that Bitcoin (BTC) and Ethereum (ETH) prices were responsible for up to 90% of XRP’s value fluctuations since mid-2018. Morgan suggested that if the expert’s assumption is correct, it could imply that Ripple indirectly permits the value of XRP to be influenced by the price fluctuations of Bitcoin and Ethereum. Therefore, the SEC attempts to demonstrate its assertion by presenting evidence that Ripple’s price statements impact XRP’s value.

LTC: LTC price increased by 0.13% and decreased by 2.08% over 24 hours and in the past seven days. The asset reached a low and high of $89.63 and $91.30, respectively.

The medium-term price chart of Litecoin reveals that it is currently moving within an important resistance zone. However, if the Litecoin price fails to achieve daily candlestick closures above $94.43, it could decline, potentially falling to $82.

If Litecoin experiences a fall from this zone, the nearest support zone would be $90. Should Litecoin’s daily candlesticks close below $90, it could further drop to $86.

However, if Litecoin achieves daily candlestick closures above the $96 resistance zone, it could continue its upward trend to $99. If Litecoin remains above this level for an extended period, it may reach $110.


Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

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