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The prices of major cryptocurrencies tend to vary during trading on Friday (28/4/2022) afternoon Indonesian time, although market sentiment tends to be positive today.
Launching data from CoinMarketCap at 13:00 WIB, Bitcoin rose 0.48% to a price level of US$ 39,513.18/coin or equivalent to Rp. 572,743,544/coin (assuming an exchange rate of Rp. 14,495/US$), Ethereum rose 1, 42% to US$ 2,922.7/coin or Rp 42,364,537/coin, BNB soared 4.36% to US$ 406.34/coin (Rp 5,889,898/coin), and Dogecoin jumped 2.04% to US$ 0.1423/coin (Rp 2,063/coin).

Meanwhile, Solana digital coin (token) fell 1.46% to US$ 97.61/coin (Rp 1,414,857/coin), XRP fell 1.3% to US$ 0.6404/coin (Rp 9,283/coin) , Terra fell 3.84% to US$ 85.8/coin (Rp 1,243,671/coin), and Cardano fell 0.27% to US$ 0.8339/coin (Rp 12,087/coin).

Crypto berkah303 movements that tend to be mixed today occurred in the midst of a bright global stock market as technology stock prices soared after shares of Meta Platforms (Facebook’s parent company) closed soaring more than 17% after the company reported positive financial performance in the first quarter of 2022.

According to some analysts, despite positive sentiment, Bitcoin’s movement remains in a fairly tight range.

“Bitcoin remains in a pretty slot paten tight range despite a lot of positive news coming to the market today,” said Jason Deane, market analyst at Quantum Economics, quoted by CoinDesk.

Although Bitcoin and Ethereum tend to be bright, some altcoin tokens are still being observed correcting even though the market sentiment today is more positive.

One of them is Terra. Not only Terra, Solana, XRP, and Cardano are also still correcting today. However, for Dogecoin, it is currently back in the top 10 and occupies the 10th position.

Another positive news came from Africa, where the Central African Republic approved Bitcoin as the official currency. The decision was based on a unanimous vote of MPs.

The move, the presidency said in a statement, puts the Central African Republic ‘on the map of the bravest and most copacobana99 visionary country’.

The Central African Republic is one of the poorest countries in the world. But it is rich in diamonds, gold and uranium.

Today, the Central African Republic uses the French-backed CFA franc currency along with most of the country’s former African colonies.

However, this Bitcoin approval is not in line with the internet infrastructure in the country, where the coverage of internet users is indeed very low. In the 2019 World Data report, only 4% of Central Africans have access to cyberspace.

This triggers one of the computer scientists, Sydney Tickaya, who says that adoption tends to be premature and irresponsible. He highlighted the retarded internet access there. jp99

“Internet access is still underdeveloped in the country while Bitcoin is completely dependent on the internet,” said Tickaya

Following El Salvador, the Central African Republic approved Bitcoin as the official currency. The decision was based on a unanimous vote of MPs.
The move, the presidency said in a statement, puts the Central African Republic ‘on the map of the bravest and most visionary country’, quoted from the BBC, Thursday (28/4/2022).

The Central African Republic is one of the poorest countries in the world. But rich in diamonds, gold and uranium

Today, the Central African Republic uses the French-backed CFA franc currency along with most of the country’s former African colonies. The government’s move was met with mixed reactions by analysts.

For example, some people call it an attempt to weaken the CFA. Currently the contest for influence over the resource-rich country between Russia and France is underway.

“The context is reminiscent of systemic corruption and Russia’s partners facing international sanctions, prompting suspicion,” analyst Thierry Vircoulon told AFP.

Meanwhile, economist Yann Daworo told BBC Afrique that the government’s move would make life easier. Because transactions can be done via smartphones and also the ease of converting Bitcoin to other currencies.

Computer scientist Sydney Tickaya said the adoption was premature and irresponsible. He highlighted the retarded internet access there.

For information, the coverage of internet users in that country is indeed very low. In the 2019 World Data report, only 4% of Central Africans have access to cyberspace.

“Internet access is still underdeveloped in this country while Bitcoin is completely dependent on the internet,” he said.

The prices of major cryptocurrencies tended to correct in trading on Saturday (23/4/2022) afternoon Indonesian time, as investors responded negatively to the statement by the chairman of the United States (US) central bank regarding further monetary policy.
Launching data from CoinMarketCap, Bitcoin (BTC) fell back below the level of US $ 40,000. At 14:30 WIB, the coin with the largest market capitalization fell 2.70% to a price level of US$ 39,545.54/coin or equivalent to Rp. 567.48 million/coin (assuming an exchange rate of Rp. 14,350/US$).

These trading conditions reflect uncertainty among traders, particularly as macroeconomic and geopolitical risks persist.

Furthermore, the increasing correlation between BTC and the stock market – which is also correcting – means investors are more sensitive to the impact of rising interest rates on the value of crypto assets, similar to what happened in 2014 and 2018.

This could lead some investors and traders to wait and see, leading to lower market returns. especially compared to the last two years when the unprecedented jumbo monetary and fiscal stimulus pushed skyrocketing crypto assets to the moon.

Here are the movements of some of the other major crypto coins for the day:

Ethereum -2.19% to the level of US$ 2,946.48/coin or Rp 42.48 million/coin

BNB -2.22% to the level of US$ 401.99/coin or Rp 5.76 million/coin

XRP -2.90% to the level of US$ 0.7126/coin or Rp 10,225/coin

Solana -3.33% to the level of US$ 99.77/coin or Rp 1.43 million/coin

Terra -0.46% to the level of US$ 93.21/coin or Rp. 1.33 million/coin.

The crypto market, which had previously recovered, today turned back towards the correction zone, following the global stock market following the statement by the chairman of the US central bank (Federal Reserve / The Fed) regarding future monetary policy.

Investors in risk assets markets, both in stock and crypto markets, tended to respond negatively to Fed chairman Jerome Powell’s remarks suggesting that a bigger rate hike may be at the next monetary policy meeting, in this case the May issue.

“It’s time to move a little faster in raising interest rates. I also think there is something to be said for the front-end loading any accommodations that deem appropriate. … I would say 50 basis points will be discussed for the May meeting,” Powell said. in the International Monetary Fund (IMF) Forum.

Prior to Powell’s comment, San Francisco Fed President Mary Daly, Chicago’s Charles Evans, and Atlanta’s Raphael Bostic had said they saw the need to raise interest rates to tame inflation, but didn’t want to stop the expansion.

Daly acknowledged that tighter policies could trigger a mild recession. St. Louis Fed President James Bullard said earlier in the week that he was open to an option for a 0.75% increase at the May meeting to help curb inflation, which is now the highest in 40 years.

Furthermore, investors also responded negatively to the soaring yield of 10-year US Treasury bonds to the level of 2.9%.

In addition to these two economic data, Binance, which is the largest crypto exchange company in the world, is in a state of laziness.

Binance announced that it had deactivated the accounts of its main client in Russia, as a result of the economic sanctions imposed by the European Union on Russia.

Binance informed its users in Russia, where both individual and corporate users with cryptocurrencies worth more than 10,000 euros (US$ 10,900) will be barred from making new deposits or trades.

However, affected clients can still withdraw their funds.

Binance, along with Coinbase Global Inc and Kraken, have rejected calls from Kyiv for a complete ban on Russian users after Russian President Vladimir Putin carried out his military aggression in Ukraine.

Most recently, Binance has also vehemently denied allegations that it had helped Russian authorities track down a multimillion-dollar donation to the currently jailed opposition Alexei Navalny. The report is the result of an investogasu published by Reuters on Friday (22/4) yesterday.

The prices of major cryptocurrencies tend to vary in trading Thursday (21/4/2022) morning Indonesian time, where uncertainty in global conditions is still a concern for investors in crypto today, although their risk appetite tends to recover.
Launching data from CoinMarketCap at 09:00 WIB, Bitcoin rose 0.76% to a price level of US$ 41,672.17/coin or equivalent to Rp. 597,370,557/coin (assuming an exchange rate of Rp. 14,335/US$), Ethereum increased by 0, 28% to US$ 3,098/coin or Rp 44,409,830/coin, BNB edged up 0.1% to US$ 421.53/coin (Rp 6,042,633/coin), and Terra rose 1.09% to the US $95.25/coin (Rp 1,365,409/coin).

Meanwhile, XRP fell 1.79% to US$ 0.7561/coin (Rp 10,839/coin), Solana fell 1.18% to US$ 106.83/coin (Rp 1,531,408/coin), Cardano fell slightly 0 0.02% to US$ 0.9456/coin (Rp 13,555/coin), and Avalanche weakened 0.78% to US$ 78.84/coin (Rp 1,130,171/coin).

Here’s the movement of the 10 major cryptocurrencies today.

Crypto
Bitcoin and other major cryptocurrencies are likely to be flat on the day amid losses in some tech stocks in the US, after streaming service company Netflix reported losing 200,000 subscribers in Q1-2022.

Netflix’s own shares fell by 35%. Shares of other streaming services also affected Netflix’s stock collapse, such as Disney, Roku, Warner Bros. Discovery, and Paramount.

Meanwhile, several alternative cryptocurrencies (altcoins) are back ahead of Bitcoin today, such as Terra and Polkadot (DOT). Terra rose 1.09% and Polkadot jumped 3.14%.

The chart above shows the CoinDesk DeFi Index (DFX) compared to the CoinDesk Large Cap Index (DLCX). Usually, during market rallies, DeFi and altcoins outperform Bitcoin due to their higher risk profile.

The current downtrend in the DeFi index appears to be slowing, which could indicate a brief rise in bullish sentiment in the crypto market.

In the news regarding the non-fungible token (NFT), a tweet from a pseudonymous profile sparked a 24% rally in the price of NFT ApeCoin (APE), a token associated with the Bored Ape Yacht Club (BAYC) NFT project.

Trading volume in the NFT market edged higher last week, albeit at a much lower rate than last year’s peak. Such increases could reflect increased speculative behavior among crypto traders, which usually occurs when market sentiment is bullish.

Still related to NFT, crypto exchange company Coinbase officially launched the beta version of the NFT marketplace last Wednesday, where this launch has been long awaited by users.

This allows a small group of users from a waiting list of 3 million to use the Coinbase platform for NFT transactions for the first time.

The marketplace, which was first announced last October, will support Ethereum-based NFT trading, where the difference from other NFT marketplaces is its social media loop.