Bitcoin might set to close ‘red’ April this year, New Fantom’s achievements after network upgrade

Hello everyone, this is our weekly crypto digest. Here you’ll find everything from a weekly market summary and top news to the hottest new listings on exchanges, and even memes to cheer you up. To get these updates as soon as we post them, follow us on Twitter.

Weekly Market Summary

This April, Bitcoin (BTC) is likely to close its first negative month over the past six years, despite hitting a new all-time high in 2021. Bybt data shows that April 2021 at -8.3%  will be the coin’s worst April on record and its first loss since 2015.

Traders agree that the crypto king will continue to cool off after six months of tremendous growth. During this time, which should last into the fall, the focus will be on altcoins that are already capturing the lion’s share of the crypto market’s capitalization.

The token of the smart contract platform Fantom, FTM, was subject to a 52% price increase on April, 29, the next day after  a successful implementation of the network’s upgrade.

Dubbed “Go-Opera,” the latest upgrade to Fantom introduces a range of technical changes that makes the network faster, more efficient and more reliable.

The coin price climbed from $0.461821 up to $0.705069 in the lead up to and in the aftermath of Thursday’s, Apr. 28 upgrade.

Quick weekly news:

• Binance’s Stock Tokens May Violate Law, Germany’s Financial Watchdog Says: Read more here.

• Paxos Raises $300M, Joins Crypto Unicorn Club at $2.4B Valuation: Read more here.

• Muscle Maker to start accepting Bitcoin as an alternative payment Read more here.

• Crypto Price Consolidation Will Lead To Wider Adoption: Read more here.

Other notable events include:

– Turkey will regulate cryptocurrency exchanges 

– Gemini and Mastercard will launch crypto rewards credit card

Cryptocurrency 

Turkey’s government plans to create a central bank to hold cryptocurrency after two prominent exchanges blocked customers last week. 

The authorities may also require exchanges to keep a certain amount of cash on hand and impose accounting requirements for exchanges of executives.These steps are aimed at limiting the risks for Turkish cryptocurrency investors when exchanges fail to meet their obligations.

Gemini Mastercard 

Gemini and Mastercard will launch this summer credit cards which gives users “rewards” for purchases in cryptocurrency. 

The company promises up to 3% cash back on just about every swipe. Although holders spend in dollars, they’ll get a portion of them back in Bitcoin or over 30 other cryptocurrencies on the exchange, including Ethereum, Dai stablecoin, and Uniswap’s UNI token. Gemini says rewards will appear instantly in customers’ accounts, not monthly.

Here are the hottest exchange listings of the last week: 

New Listing on Binance:

– Ampleforth Governance Token (FORTH/USDT FORTH/BUSD FORTH/BTC)

New Pairs on Binance:

– 123/456

– HOT/BRL CAKE/GBP WRX/EUR DOGE/RUB

New Listing on Huobi:

– Ampleforth Governance Token (FORTH/ETH FORTH/USDT FORTH/BTC)

– NuCypher (NU/BTC NU/USDT)

New Pairs on Huobi:

– NPXS/BTC

– BTC/USDC ETH/USDC

New Pairs on CoinbasePro:

– BTC/USDT USDT/EUR USDT/USDC USDT/GBP ETH/USDT USDT/USD

New Pairs on FTX:

– DOGEBEAR2021/USD TOMOBEAR2021/USD MATICBEAR2021/USD

– ETH/BRZ

By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in the app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance, or your exchange of choice!

 

 

We have prepared for you top-performing coins of Apr 29.

Polygon has managed to become the best performing asset among TOP-100, gaining 29.38% within the last 24 hours.

Celsius was the worst-performing asset among TOP-100 (again), losing 5.43% within the last 24 hours.

To get up-to-date reports on gainers and losers during the week, follow us on Twitter.

Top crypto meme of the week

We hope you found this digest useful and informative! If you want to be the first one to receive new crypto insights and stay up-to-date with the market, follow us on Twitter. Happy trading with the Good Crypto app!