The 10th biggest crypto coin by market cap, Dogecoin (DOGE), is down more than 10% in the last 24 hours, according to CoinMarketCap.
As the broader market flashed green, most altcoins followed suit today. Others, however, corrected their immense hikes from the day before, with ApeCoin being one of the latter.
MATIC plunged to $1.26, but it reversed course in the last few hours. There was insufficient demand to suggest that the bulls could push the market higher. However, Bitcoin would play a significant role.
Grayscale, the world’s largest digital asset manager, with $30 billion in assets under management is planning to expand its footprint in the European market.
The New York State Assembly passed a bill late on Tuesday April 26 that would place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon based fuel to power their operations.
Bitcoin price analysis for April 27, 2022, comes on a bearish note for the BTC token as in the last 24 hours, investors have witnessed a price drop of over 5.2%. It seems that if the bulls don’t take over the price action, we might see BTC break below $37.5K, which is very major support for the price action. The Bitcoin price analysis for April 26, 2022, noted that BTC turned bullish after touching $38K and broke above $40K. However, unable to hold prices above this region, the token was once again below $39K.
Popular retail trading platform Robinhood has fired 9% of its workforce amid a firesale of its stock that has seen HOOD plunge to all-time lows.
At the end of May last year, Tesla’s Elon Musk convinced bitcoin industry leaders to form a Bitcoin Mining Council (BMC) and in mid-July, the BMC launched its public services and website. On April 25, 2022, the organization published a report that discusses the bitcoin mining industry’s improvements in sustainable energy use during the first quarter of 2022. The BMC report’s findings show Bitcoin’s electricity usage dropped by 25% in Q1 2022 compared to the year prior.