Major coins traded lower on Wednesday night as investors weighed conflicting signals from a rapidly shrinking global economy.
| cryptocurrency | profits (+/-) | Price (taken at 9:30pm EST) |
| Bitcoin BTC/USD | -2.43% | $27,903 |
| ether ETH/USD | -1.29% | $1,888 |
| Dogecoins DOGE/USD | -5.85% | $0.090 |
What happened: ether ETH/USD dipped briefly on Wednesday but continued its impressive streak of outcomes Bitcoin BTC/USD this week. The second largest cryptocurrency is currently hovering just a few dollars below the $1,900 milestone it hit.
See more: Best Crypto Day Trading Strategies
Investors have shown increasing interest in the future of Ethereum Shanghai hard forkscheduled for April 12th. The upgrade, also called Shapella, will complete the move to a Proof-of-Stake (PoS) network, which will allow ETH to be withdrawn.
At the time of writing, the global crypto market cap was $1.18 trillion, down 1.68% from the last day.
US stocks tumbled as investors digested ADP’s latest personal payroll report, which showed a slowdown in job growth in March. This followed Tuesday’s job vacancies report which pointed this out federal reserveSuccess in cooling an overheated job market. The tech-heavy Nasdaq Composite fell 1.07%, while the broad-based S&P 500 fell 0.25%.
News Highlights: MicroStrategy Inc MSTR announced Wednesday that it had purchased an additional 1,045 bitcoins for a total purchase price of approximately $29.3 million. The takeover occurred between March 24th and April 4th at an average price of $28,016 per coin.
Analyst Notes: crypto trader altcoin sherpa recently shared a strategic session with its 194,400 Twitter followers, announcing that Ethereum’s price is now trading above its one-day exponential moving averages, or EMAs.
“Like Bitcoin, Ethereum has finally seen a first uptrend of all one-day EMAs. We haven’t seen that for many months. We haven’t really seen this since November 2021. We see above…
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