ApeCoin has been one of the top performers this week, rising by over 30% this week and setting a new all-time high of $27. However, today the ApeCoin price dropped significantly by over 15%, only four days after the $1 million BAYC NFT hack, where a thief exploited Instagram to gain access to the Bored Ape Yacht Club’s official account, posting a phishing link and stealing NFTs out of users’ accounts.
Binance Coin (BNB) traders are showing signs of confidence amid a weak crypto market. BNB price has found support at lower levels around $390 as Binance continues to expand its presence globally in the crypto market.
Ethereum price analysis for April 30, 2022, comes on a bearish note for ETH as chances of higher highs seem quite low for the token. On the other hand, in the last 24 hours, the price of ETH has dropped by around 4% as investors seem to have lost interest in the crypto market. The ETH price analysis for April 29, 2022, showed us that the Ether token was unable to push above the $3000 price region as conditions remain uncertain for the crypto market. At the time of writing, the price of 1 ETH at the time of writing is 42.30% low than its all-time high noted on Nov 16, 2021.
Digital asset exchange Binance has blocked accounts tied to relatives of government officials in Moscow. Amid mounting international penalties over Russia’s invasion of Ukraine, the trading platform said it will continue to check for users associated with sanctioned individuals.
Bitcoin price analysis for April 30, 2022, comes on a bearish note for the token as the world’s biggest cryptocurrency has failed to break into the $40K price region and it seems that the downtrend for the token continues. It can be expected that BTC might fall down as low as $37.5K which is another major area of support. Furthermore, as noted in our BTC price analysis for April 29, 2022, the token lost minor support created at $40,000 and as a result, fell below $39,000.
When times are tough — as in the pandemic — enterprising human nature goes into overdrive. People seek out alternative ways to make money. That could be one of the reasons why cryptocurrencies skyrocketed in popularity in the last few years, driven in part by large numbers of people sitting at home wondering how to beat low-interest rates and rising inflation.
Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency. The cash loan was collateralized by bitcoin owned by the borrower. A spokesperson for Goldman Sachs explained that the deal is interesting to the investment bank due to its structure and 24-hour risk management.