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Bulls on parade

MOVERS

8am EST 12th April 2021

Crypto: Biggest price rise

TRX

7.92

Equities: Biggest price rise

UNH

1.93

Bitcoin

$60,179.20

Crypto: Biggest price loss

BTG

-5.16

Equities: Biggest price loss

EWZ

-1.39

XRP

$1.35

Crypto: Biggest vol increase*

IOTA

300.80

Equities: Biggest vol increase*

MSFT

111.99

Tesla

$680.64

*Volume bought in USD over the past 24 hours on the Uphold platform

WHAT'S UP

ETH, BTC Barge Ahead; BNB Rockets

Ethereum reached a new record high over the weekend. ETH climbed to just under $2,200. As of Monday morning, the second-largest crypto was flat over 24 hours, sitting at $2,150. The next feat for ETH is to administer a thunderous roundhouse kick to our face – if it can get/stay above $2,200.

Bitcoin, as of Monday at 8:45 a.m. (EST), was basking in the glow of remaining above $60,000 plus having notched its best-ever weekly close. This feat comes as BTC whales are said to be accumulating at an accelerated pace.

Binance’s Binance Coin (BNB), meanwhile, just hit an all-time high of $610. That happened earlier today, per CoinGecko.

The third-largest digital currency rose 25% over 24 hours as of Monday morning at 8:45 a.m. (EST).

Cardano (ADA) and Uniswap (UNI) are both rallying to start the week. So too are Tron (TRX) and Solana (SOL).

“Alt season 2.0” isn’t even expected to fully hit its stride until the summer, Cointelegraph has said.

WHAT'S DOWN

After An Astounding Week, XRP Slips In A Nap

For the past seven days, XRP has been beaming like an 11-year-old at last finally tall enough to ride the big rollercoaster. This tremendous early April rally (+116%) finally lost momentum as of Monday.

XRP, closely associated with embattled distributed ledger technology company Ripple, is the fourth-largest crypto as measured by total market capitalization. It has surged nearly 90% in the last week as traders around the world continue to disregard possible regulatory peril.

XRP was below a dollar only a few days ago. Over the weekend it nearly got all the way to $1.50.

As of Monday at 8 a.m. (EST), it was $1.37, having declined 1% over the prior 24 hours.

WHAT'S NEXT

One Prominent Strategist, Five ‘Sleeping Giants’

Full-time trader and well-followed tweeter Michaël van de Poppe has named five “sleeping giants” ready to rise and shine (DailyHodl).

MVDP’s slumber party: Litecoin (LTC), signaling that its three-year downtrend relative to BTC is on the verge of a reversal; Tezos (XTZ), on the cusp of a new impulse wave/bull cycle; Celer Network (CELR), which may have to consolidate a bit more before it eventually begins to climb; Ocean Protocol (OCEAN), which has begun to climb and is seen as likely to continue to do so; and Komodo (KMD), possibly only just now starting to wake up.

TANGENTS

‘CZ’ Loaded And Locked

BNB has hit a new all-time high. It's the latest emblem of the crypto rocket ship.

Binance founder Changpeng "CZ" Zhao is fully on board. The man who goes by two initials keeps it simple in terms of the allocation of his reportedly nearly $2 billion dollar fortune; it's almost entirely in crypto.

As in, "almost 100%," CZ said (and at least 95%, analysts theorize) raising a few obvious questions: what is his crypto allocation? Relatively miniscule as they may be, what are his non-crypto investments?

But we do have clarity on whether CZ plans to convert crypto into cash in the future. He insists that he has no such plans.

“I’m not using crypto to buy fiat," he said. "I’m not using crypto to buy houses. I just want to keep crypto."


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