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Bitcoin and Other Top Crypto Prices Continue Recovery

Navigasi - Bitcoin (BTC) has resumed its recovery from its lowest level since five weeks at around USD 38,700 or equivalent to Rp. 555.9 million last Monday.

Bitcoin and Other Top Crypto Prices Continue Recovery
Bitcoin and Other Top Crypto Prices Continue Recovery

At the time of writing, the largest cryptocurrency, Bitcoin is changing hands at a price range of USD 41,300, still far from its high of around USD 48,000 a few weeks ago.

Reporting from CoinDesk, Wednesday (20/4/2022), UK-based analyst at digital asset broker GlobalBlock, Marcus Sotiriou said in a bulletin that the current macroeconomic landscape looks quite positive.

Sotiriou said the economy would have a soft landing even though many analysts expected a recession. Sotiriou remains bullish on Bitcoin and stocks even though the Federal Reserve may raise interest rates by 0.5 percentage point next month, double the 0.25 percentage point gain it saw in recent years.

Last week, crypto funds experienced outflows for the second week in a row, with approximately USD 97 million in funds outflows. That may be because Bitcoin is becoming more and more sensitive to interest rates.

According to analysis from Glassnode, a large supply of Bitcoin has accumulated between the USD 38,000 and USD 45,000 price ranges. That suggests price-insensitive traders, holding most of the Bitcoin supply above the USD 40,000 price level.

A blockchain analytics firm, Coin Metrics notes Bitcoin is nearing the midpoint between the third and fourth prize share of the original blockchain. (That happens every 210,000 data blocks, or roughly every four years; the next one is expected to happen on May 4, 2024.)

In traditional markets, US stocks rose as analysts noted investors were becoming too bearish, the yield on the US 10-year Treasury rose to 2.94 percent, its highest since 2018.

Previously, the price of bitcoin and the top-tier crypto was observed to have started to experience a compact price movement, Wednesday morning, April 20, 2022. The majority of the top-tier cryptos that were previously in the red zone, are now starting to return to the green zone.

Based on data from Coinmarketcap, Wednesday morning, the crypto with the largest market capitalization, Bitcoin (BTC) managed to gain slightly 1.40 percent in the last 24 hours and 4.36 percent in the week.

Currently, the bitcoin price is at the level of USD 41,299.38 per coin or equivalent to IDR 593.2 million (assuming an exchange rate of IDR 14,364 per US dollar).

Ethereum (ETH) after weakening yesterday, has now managed to strengthen again. Over the past 24 hours, ETH was up 2.83 percent and 3.45 percent in the week. That way, ETH is currently at USD 3,095.81 per coin.

The next cryptocurrency, Binance coin (BNB) is still strengthening since yesterday. In the last 24 hours BNB was up 0.90 percent and 2.43 percent for the week, respectively. This makes BNB priced at USD 419.43 per coin.

Then Cardano (ADA) also managed to return to the green zone today. In the past day the ADA rose 1.29 percent and 0.44 percent a week. Thus, ADA is at USD 0.9429 per coin.

Meanwhile, Solana (SOL) skyrocketed quite high this morning. During the last one day SOL skyrocketed 6.13 percent and 5.59 percent a week. Currently, the price of SOL is at the level of USD 107.78 per coin.

XRP is also slowly but surely starting to strengthen a bit. In the past day, XRP was up 1.17 percent and 10.24 percent in the week, respectively. That way, XRP is now priced at USD 0.7695 per coin.

Terra (LUNA) is still in the green zone since yesterday. Terra gained 5.54 percent in the last 24 hours and 12.10 percent in the week. Currently Terra is priced at USD 93.93 per coin.

Stablecoins such as Tether (USDT) and USD coin (USDC), on Wednesday, April 20, 2022 experienced an inversely proportional price movement. USDT rose 0.1 percent which kept it at $1.00 per coin. While USDC had to weaken 0.02 percent which made the price fall back to the level of USD 0.9997.

Previously, BORA was a DApp platform designed to solve today's industry problems by distributing digital games and content and promoting user interaction using a dual blockchain structure and token ownership mechanism.

Reporting from the Financial economy, Wednesday (20/4/2022) Bora has its own utility crypto token in its ecosystem, namely Bora Coin. BORA provides solutions that enable secure and transparent distribution of content as well as maintain and unlock the value of digital assets on the blockchain.

In addition, the BORA platform has been designed using a modular architecture to allow for independent blockchain implementations by content providers. This ensures every data and service operation is guaranteed to work independently and without affecting other services on the platform.

Meanwhile, users can take advantage of the various content services provided by the BORA ecosystem through one unified user experience.

BORA was previously based on ethereum but has now moved to the Klaytn mainnet to expand the blockchain ecosystem.

Bora Coin is one of the tokens listed on several global crypto exchanges, while another utility token of the BORA ecosystem is SHELL. SHELL tokens can only be used on the BORA platform.

Users can enjoy digital content without dealing with speed issues and other fees and easily exchange SHELL to BORA tokens when they want to trade tokens through exchanges.

Bora Coin Price

Based on Coinmarketcap data, Wednesday, April 20, 2022, the price of BORA is IDR 11,847.31 with a 24-hour trading volume of IDR 454,030,493,049.

BORA is up 0.83 percent in the last 24 hours. Meanwhile, Coinmarketcap's current rating is 102 with a market capitalization of IDR 10,203,491,441,732. Until now, there has been a circulation of 861,250,000 BORA supplies from the maximum unavailable supply.

Previously, Raca Coin or Radio Caca, Radio Caca is a decentralized organization (DAO) operated by internet native individuals around the world who have one vision to build a bold new virtual world.

Reporting from Coinmarketcap, Radio Caca owns the original token. (Radio Caca Token, RACA, RACA Coin, RacaArmy, Radio Caca Coin, Metamon, Metamon Island, Metaverse, play-to-earn, GameFi, The Universal Metaverse, USM).

Radio Caca is the native token for Metaverse Universal. Radio Caca is also the exclusive manager of NFT's "Maye Musk Mystery Box". USM Lab is the creator of USM and P2E blockchain games.

Universal Metaverse (USM) is a 3D virtual world of Planets where users can own land, construct buildings such as shops and art galleries, create and play games.

Coin Raca Price

Based on Coinmarketcap data, Tuesday, April 19, 2022, the price of RACA is IDR 26.06 with a 24-hour trading volume of IDR 435,170,819,345.

RACA is down 19 percent in the last 24 hours. Meanwhile, Coinmarketcap's current rating is 220 with a market capitalization of IDR 7,790,408,986,391. Until now, there has been a supply circulation of 298,956,645,086 RACA from a maximum supply of 500 billion RACA.