Cryptocurrency
Automated trading for beginners
Modern technology improves almost every day. It would seem that only yesterday mankind used only paper money and cheque books to pay for goods and services. It was hard to imagine that after a short period of time we would be buying things with virtual money deposited in our bank accounts and looking at our computer screen. It was even harder to imagine that the time would come and there would be no intermediary in the form of a bank to pay for goods. But this is already today’s reality. And all thanks to digital assets.
Digital assets, also known as cryptocurrencies, are a type of financial means that are decentralized. Cryptocurrency can be purchased on a large number of trading platforms and exchanges, after which it can be stored in a “cryptocurrency wallet”.
However, it’s one thing to buy digital assets and store them, but how to use them? Today there are many online services and shops where Bitcoin is accepted as payment. In the USA, there is a family about which a documentary was made, which for several years has been paying for everything exclusively with cryptocurrency. This means that it is quite real. Yes, they face some difficulties, for example, not all gas stations manage to buy fuel for the car, but they somehow get out of it.
There are also services with which you can purchase real estate, cars, yachts and much more using digital assets. In addition, some companies give their employees a choice of how they want to receive wages – in fiat or cryptocurrency.
Once such a trend has appeared, does it mean that soon everyone everywhere will switch to cryptocurrency? This question is quite difficult to answer, because different factors affect it. One thing is clear, cryptocurrency is not going anywhere. This means that it won’t be out of place to learn how to make money with digital assets.
There are several ways that will help even beginners in the crypto market to profit from cryptocurrencies:
- Investing. Perhaps the easiest way to make money in the long term is from cryptocurrency. You start investing in a digital asset today and in a few years it will add to your capital.
- Staking. The method is more complicated than just investing, but the potential profit can come much faster. In addition, staking is offered by most well-known cryptocurrency exchanges.
- Crypto trading. Also a good way to make money on cryptocurrency is to start trading it. However, here you will need additional knowledge about the market, the ability to analyze, monitor news and, most importantly, experience.
But there is a way to make crypto trading easier. You can use the services of a cryptocurrency bot from the RevenueBot service. With the help of a bot, users automate their trading, so they do not have to constantly monitor charts and analyze.
Cryptocurrency
Important for Dogecoin: This Metric Jumps by Almost 100% Amid DOGE Price Rally
TL;DR
- Dogecoin’s price surged past $0.20, with market cap nearing $30 billion, driven by increased trading volume and active addresses.
- The rally coincides with speculative whale movements and endorsements from public figures like Elon Musk.
Dogecoin (DOGE) – often cited as the first meme coin – currently stands out as one of the market’s best performers.
Its price has spiked by over 30% on a weekly scale, surpassing the $0.20 mark for the first time since December 2021. DOGE’s market capitalization inches toward the $30 billion level, making it the ninth biggest cryptocurrency.
Key indicators related to the asset’s ecosystem have taken off, too. According to IntoTheBlock, aggregated daily volume (where each transaction is larger than $100K) has jumped by nearly 100%. Daily active addresses are also on the rise, registering a 13% increase.
DOGE trading volume for the past 24 hours has been impressive. CoinGecko’s data shows that the figure has climbed to $5.5 billion, thus surpassing Solana’s SOL ($4.1 billion) and Ripple’s XRP ($1.9 billion).
Dogecoin’s latest rally coincides with a slight resurgence of the cryptocurrency market and increased activity from whales. As CryptoPotato reported, a mysterious person (or entity) recently transferred more than 1 billion DOGE (worth over $200 million at current rates) to an unknown wallet.
The move triggered speculation within the crypto community, with many members trying to guess who this whale might be. Some suggestions even pointed out to Tesla’s CEO Elon Musk, an outspoken proponent of the memecoin and a HODLer.
Not long ago, the world’s richest man said the EV giant may accept DOGE as a payment method “at some point.” Musk also promised to continue supporting the token, adding “Dogecoin to the moon.”
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Cryptocurrency
Dogecoin (DOGE) Explodes 10% Daily, Bitcoin (BTC) Reclaims $70K (Market Watch)
Bitcoin slumped hard yesterday and dropped below $69,000, but the bulls have taken charge since then, and the asset now stands well above $70,000.
While most alternative coins are slightly in the green, DOGE and BCH have gone on a tear with double-digit price gains overnight.
BTC Goes Above $70K
Last week was quite negative for the largest cryptocurrency, in which it fell to under $61,000 at one point and was down to $62,500 on Friday. The weekend finally saw a recovery attempt but BTC was stopped at $66,000.
It wasn’t until Monday that the asset started actually charting meaningful increases and soared to $70,000. More gains came on Tuesday and Wednesday that culminated in jumping to almost $72,000 yesterday.
However, the cryptocurrency failed to overcome that level, and the subsequent rejection pushed it south by over three grand to $68,500. The landscape now is quite different, and Bitcoin has returned to over $70,500 as the community’s anticipation for a $100,000 price tag grows stronger.
Its market capitalization has increased overnight but still stands below $1.4 trillion. Its dominance over the alts remains stagnant at just under 50% on CG.
DOGE, BCH Go Up
Most altcoins were in a retrace mode yesterday but have managed to erase a large portion of the losses today. Binance Coin, Ripple, Toncoin, and Chainlink have increased by somewhere between 1% and 3%. Ethereum, SOL, ADA, and DOT are also in the green but in a more modest fashion.
Shiba Inu has gained over 4% overnight, but its increase is trumped by its older and larger brother – Dogecoin. DOGE has jumped by over 10% in a day and sits above $0.2.
Bitcoin Cash is the other notable gainer from the larger-cap alts. Just days ahead of its next halving, BCH has soared by 13% to over $550.
The cumulative market cap of all crypto assets has increased by about $50 billion overnight but still stands below $2.8 trillion.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
BlackRock CEO Remains Confident on Ethereum ETFs, Says IBIT Is The Fastest-Growing ETF
In a recent interview on FOX Business, BlackRock CEO Larry Fink shared his insights on the potential for an Ethereum exchange-traded fund (ETF) amidst regulatory scrutiny.
Despite concerns over a possible designation of Ethereum as a security by the U.S. Securities and Exchange Commission (SEC), Fink expressed confidence in the feasibility of launching such an ETF.
SEC’s Stance on Ethereum Raises Doubts
BlackRock and several other ETF providers have submitted applications for a spot Ethereum ETF to the SEC. However, there are doubts regarding the agency’s approval of these ETFs as the May deadline approaches.
When asked about the SEC’s stance on ETH possibly being classified as a security, Fink refrained from providing detailed commentary but remained optimistic. “But I don’t think that designation is going to be too deleterious,” Fink stated, suggesting that such a designation wouldn’t necessarily hinder the creation of spot Ethereum ETFs.
It was recently disclosed that the SEC is exploring the classification of Ethereum as a security and has issued subpoenas to three companies for details regarding the Ethereum Foundation, a Swiss nonprofit important to the growth and advancement of the blockchain. This development has raised concerns about the possibility of launching an Ethereum ETF in the United States.
On the other hand, analysts in the field are sharing differing opinions. Bloomberg’s ETF experts James Seyffart and Eric Balchunas have voiced doubts, pointing to the SEC’s minimal interaction with filings as worrisome. However, Craig Salm has countered this argument, suggesting that the SEC’s lack of engagement shouldn’t necessarily signal the approval outcome.
Fink Bullish on Bitcoin
Despite these challenges, Fink remains optimistic about Ethereum’s and Bitcoin’s long-term prospects. BlackRock is not only pursuing an Ethereum ETF but also operates one of the most successful spot Bitcoin funds, the iShares Bitcoin Fund (IBIT), which has amassed over $17 billion in assets under management since its approval in January.
BlackRock CEO Larry Fink says the $IBIT Spot #Bitcoin #ETF is the fastest growing ETF in history
pic.twitter.com/NOsDlFgROi— Simon Dixon (@SimonDixonTwitt) March 27, 2024
IBIT is the “fastest-growing ETF in the history of ETFs,” Fink stated on Fox Business. He also said he is “very bullish on the long-term viability of Bitcoin. We’re creating now a market that has more liquidity, more transparency, and I’m pleasantly surprised and would have never predicted it before we filed it that we were going to see this type of retail demand,” he added.
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