Quick analysis of cryptocurrency prices on August 28: The market value increased to $2.25 trillion globally.

The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), fell below $60,000 early on Wednesday. According to CoinMarketCap statistics, several well-known altcoins, including as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), all received negative ratings overall. The Market Fear & Greed Index as a whole was 47 (Neutral) out of 100. With a surge of more than 1 percent in a single day, the Notcoin (NOT) token turned out to be the largest gainer of all. SATS (1000SATS) saw the largest decline, falling almost 13 percent in a single day.

At the time of writing, the value of the entire cryptocurrency market was $2.09 trillion, a decrease of 5.49 percent in a day.

Current Bitcoin (BTC) Price

According to CoinMarketCap, the price of bitcoin was $59,394.50, representing a 5.83 percent decrease over the course of a day. Indian markets reported that the price of bitcoin was Rs 53.65 lakh.

Ethereum (ETH) Current Price

At the time of writing, the price of ETH was $2,472.96, down 8.01 percent in the previous 24 hours. In India, the price of ether was Rs 2.30 lakh.

Dogecoin’s (DOGE) Current Price

According to CoinMarketCap data, DOGE saw a 6.09 percent 24-hour decline, with a current price of $0.09943. In India, the price of Dogecoin was Rs 9.15.

Current Litecoin (LTC) Price

Litecoin lost 4.11 percent in a day. As of writing, its trade price was $60.84. The cost of LTC was Rs 5,394.71 in India.

Current Ripple (XRP) Price

The price of XRP was $0.5687 after falling 4.21 percent in a day. In India, ripple was valued as Rs 50.18.

Solana (SOL) Current Price

The price of Solana was $147.62, a decrease of 7.02 percent in a day. The cost of SOL was Rs 13,330.33 in India.

Top Cryptocurrency Gainers for August 28th

The top five cryptocurrency gainers during the last 24 hours, according to CoinMarketCap data, are as follows:

Notcoin (NOT)

Cost: $0.008753

Gain in a day: 1.14 percent

UNUS SED LEO

Cost: $5.84

Gain in a day: 0.36 percent

Popcat (POPCAT) (SOL)

Cost: $0.7117

Gain in a day: 0.34 percent

APT (Aptos)

Cost: $7.24

Gain in a day: 2.99 percent

Floki (FLOKI)

Cost: 0.0001524 dollars

Gain in a day: 2.70 percent

Top Cryptocurrency Losers as of August 28

The top five cryptocurrency losers over the last 24 hours, according to CoinMarketCap data, are as follows:

1000SATS, or SATS

Cost: $0.000319

Within a day: 12.90 percent

Sui (SUI)

Cost: $0.8379

Loss in a day: 12.51 percent

Fantom (FTM)

Cost: $0.4417

In a 24-hour period, 12.22%

dogwifhat (WIF)

Cost: $1.58

Loss in a day: 12.12 percent

Worldcoin (WLD)

Cost: $1.51

Loss in a day: 11.55 percent

Cryptocurrency Exchanges’ Remarks Regarding the Present Market Situation

“Bitcoin is settling below the $60,000 barrier as investors take profits and liquidate positions,” co-founder and CEO of Mudrex Edul Patel said on ABP Live. With a current price of approximately $59,000, Bitcoin faces resistance at $60,300 and important support at $58,800. Major IT firms Autodesk is expected to report tomorrow, while Nvidia, CrowdStrike, Salesforce, and HP are planned to reveal their earnings today. Market players will be keeping a close eye on these earnings reports because they have the ability to affect the overall sentiment of the market and the movement of Bitcoin’s price.

“During a major crypto market sell-off, Bitcoin (BTC) tumbled to $58,000, and Ethereum (ETH) also dropped below the $2,500 barrier,” as reported by CoinSwitch Markets Desk. The $2 trillion total market capitalization of cryptocurrencies found support, providing a short-lived reprieve for bulls. Long positions worth more than $300 million were liquidated, but no obvious cause for the decline could be found.

“The cryptocurrency market saw a major collapse, followed by a 5.5% decline in Bitcoin’s price below $60,000 within 24 hours,” stated Avinash Shekhar, Co-Founder & CEO of Pi42. Over 87,000 traders were affected by the wave of liquidations that followed, with losses totaling more than $320 million. Ethereum experienced a 7.8% decrease as well, hitting below $2,500. Although August is typically a quiet month for cryptocurrency, the market has been incredibly turbulent this year. The fact that Bitcoin’s current price range is still within the range of its April levels, however, raises the possibility that the recent drop was only a short blip in a larger upswing.

“The crypto market dropped by over 5% in the last 24 hours, with no specific news causing the sell-off,” the CoinDCX Research Team said to ABP Live. Investors may be expecting unfavorable outcomes from this week’s impending macro data releases, which include the PCE Index and U.S. GDP statistics, which could be the cause of the decrease. That being said, this might all be conjecture. The technical bearishness of the charts had already contributed to the coins’ decline.

“Over the past day, there has been a substantial downturn in the cryptocurrency market,” stated BuyUcoin CEO Shivam Thakral. “Bitcoin has fallen below $60,000, and Ether has dropped about 7%.” The main reason for this decline was a wave of liquidations totaling more than $300 million, which was caused by a broad market crisis and investor concern. Despite this setback, there is still optimism for the immediate future because of strong fundamentals and enduring institutional interest in cryptocurrencies.

U.S. Today – Shiba Inu is presently going through a challenging period because the 200 EMA resistance level was not broken. SHIB is likely to break below significant moving averages and might even retrace below $0.000017 if it does not get sufficient momentum. The inability of SHIB to break above the 200 EMA, which is presently trading at $0.00001721, is a strong bearish indicator.

Since this level has shown to be a significant resistance, the inability to break above it suggests that there is not much buying pressure. The downward trending blue 50 EMA and the downward trending orange 100 EMA indicate that the short- and medium-term sentiment remains negative.

The most recent price movement indicates that SHIB is having trouble establishing support above the 26 EMA. This lack of support highlights the token’s bleak outlook. Approximately $0.000016 is the next support level to keep an eye on if SHIB continues to decline and falls below the significant moving averages. Should SHIB break below this level, there could be an additional retracement.

When the RSI indicator is centred at 46, below the neutral 50 level, it is clear that there is higher selling pressure than buying pressure. This strengthens the case for the short-term bearish outlook for SHIB.

ETFs for Ethereum go live
One of the most eagerly awaited events of the year was the Ethereum ETF debut, following the triumphant introduction of spot Bitcoin ETFs. It’s safe to assume that the launch was a big success and that institutional investors contributed a substantial sum of money. However, the price was almost negatively impacted by these factors.

Ethereum’s price did not rise in tandem with the excitement and $1.1 billion in trading activity during the first few days. Strong interest was evident from the $106 million net inflow and the remarkable numbers from ETFs like Bitwise’s ETHW ($204 million) and BlackRock’s (NYSE:BLK) ETHA ($266 million).

Numerous factors contributed to this abrupt price shift. First off, it’s possible that the massive anticipation and build-up surrounding the debut of the Ethereum ETF led to a situation where investors chose to buy the rumours rather than the news.

Investors who had accumulated ETH before of the ETF’s introduction may have liquidated their holdings for a profit after it launched. Second, even though institutions were interested in the ETF’s launch, it also highlighted how few new individual investors were entering the market.

Under pressure, toncoin
The bullish storyline around TTC seems to be ending as the asset drops below $7 and gets closer to the 100 EMA-backed $6 support level, which is a critical key. At around $6.20, Toncoin hasn’t been able to maintain its upward momentum up to this point. As evidenced by the latest decline below the psychologically significant $7 mark, there is less buying pressure.

The $6.60 level is a crucial support level since it lines up with the orange 100 EMA; if it is destroyed, it can signal further decline. The 200 EMA and 50 EMA strengthen the bearish sentiment.

The RSI indicator is hovering around the neutral 50 level, suggesting a minor bias towards buying pressure. Right now, the indicator is at 43. This strengthens the gloomy short-term prognosis for Toncoin even further. Given the negative technical indicators, Toncoin could still fail.

Bitcoin may be trading near the 120-day moving average, with momentum to reach $68k or perhaps $70k, but we still need to keep a close eye on the Fed’s policies and the effects of Mt. Gox.

. Backed by a more upbeat macro climate and the possibility of a crypto-friendly U.S. presidency under Donald Trump, traders expect bitcoin will surge above $70,000.

. Though there has been volatility recently and worries about Mt. Gox repayments, the bullish feeling has been bolstered by less selling pressure from major wallets and a more optimistic political picture for the cryptocurrency industry.

Trader expectations for Bitcoin (BTC) indicate that prices may rise as high as $70,000 in the near future as optimism about the industry as a whole grows ahead of the US elections and selling pressure from major wallets lessens.
“The increase in the price of Bitcoin indicates that the market has a more positive outlook in the near-term macro environment,” senior Metalpha analyst Lucy Hu wrote to CoinDesk on Wednesday. “Trump’s choice for vice president gave the market hope as it suggests a more crypto-friendly administration and policies.”
“The price of Bitcoin may have the momentum to rise to $68k or even $70k, but we need to closely monitor the Fed policies and the implications of Mt Gox,” Hu continued. “BTC could hover around the 120-day moving average.”

A technical indicator called a moving average adds together price data over time to indicate the direction of a trend. As a long-term indicator, a 120-day moving average is frequently employed.
The price of Bitcoin has been volatile over the last few weeks. In early July, it fell as low as $53,500 when wallets from the now-defunct exchange Mt. Gox began to refund their bitcoin, which sparked gloomy forecasts.
However, positive developments have now corrected the course of the bulls. Bitcoin holdings associated with the German state of Saxony have been completely depleted. Meanwhile, there is new optimism thanks to Republican contender Donald Trump’s pro-crypto position.

Trump has selected JD Vance, a pro-cryptocurrency senator from Ohio, to be his running partner in 2024. Vance owned up to $250,000 worth of Bitcoin in 2022.
In a Telegram message, BitU Protocol’s head of growth, Nick Ruck, stated that “a change in perspective on the digital assets industry in the US is creating expectations of more favourable policy towards Bitcoin and crypto as the elections look to capture single issue voters and special interest groups.”
Long-term sale pressure is also anticipated to be lower as Mt. Gox pays out money to creditors, Ruck continued.
According to data from betting app Polymarket, the odds of Trump winning the 2024 elections have increased dramatically from 60% to 69% in the last week.

IMPORTANT ANNOUNCEMENT OF EXCHANGES LISTING

1.WhiteBitcoin (WBTC) Listing on BisafeAI Exchange on December 25, 2024

We are thrilled to announce the listing of WhiteBitcoin (WBTC) on the BisafeAI Exchange, effective December 25, 2024. This exciting addition provides our users with new opportunities to trade and invest in one of the most innovative digital currencies on the market.

What Is BisafeAI Exchange?

BisafeAI Exchange is The World\u2019s First AI-driven CETF, SPOT, FUTURE, OPTIONS & STAKING cryptocurrency trading Upcoming platform, designed to offer a secure, efficient, and user-friendly experience for trading digital assets. It supports a wide range of cryptocurrencies and provides advanced trading tools, real-time market data, and competitive fees. Security is a top priority, with features like two-factor authentication, encryption, and cold storage for user funds. The platform ensures regulatory compliance and offers robust customer support to assist users. Whether you are a beginner or an experienced trader, BisafeAI Exchange aims to facilitate smooth and safe trading.

Trading Details

Trading Pair: WBTC/USDT

Trading Starts: December 25, 2024

Available for Spot Trading, Future & Options Trading

Benefits for BisafeAI Exchange Users

1. Diverse Investment Opportunities: Adding WBTC to our platform provides more options for diversifying your investment portfolio.

2. Enhanced Trading Experience: With our user-friendly interface and advanced trading tools, trading WBTC will be a seamless experience.

3. Promotional Events: Stay tuned for special promotions and bonuses to celebrate the listing of WBTC.

How to Get Started

1. Register: on the BisafeAI Exchange (www.bisafe.ai) if you haven’t already.

2. Complete Verification: Ensure your account is verified to start trading.

3. Deposit Funds: Add funds to your account to begin trading WBTC.

4. Start Trading: Navigate to the trading section and select the WBTC/USDT pair to begin your trading journey.

We Recommend After Listing Of WhiteBitcoin(WBTC)

Stay Updated

Follow us on our social media channels and subscribe to our newsletter to receive the latest updates and news about WBTC and other exciting listings on BisafeAI.

We look forward to seeing you trade WhiteBitcoin (WBTC) on BisafeAI and benefiting from the unique opportunities it offers.

Happy Trading!

For further assistance, please contact our support team at dev@bisafe.ai

2. WhiteBitcoin (WBTC) to Be Listed on Belpay Exchange in Futures & Options on December 25, 2024

WhiteBitcoin (WBTC) is set to be listed on the Belpay Exchange starting December 25, 2024. This listing will include futures and options trading, marking a significant step for WBTC in expanding its trading options and accessibility for investors.

The inclusion of WBTC in Belpay Exchange’s futures and options market provides traders with new opportunities to hedge and speculate on the cryptocurrency’s price movements. The introduction of these derivatives is expected to enhance liquidity and offer more sophisticated trading strategies for WBTC holders.

Belpay Exchange, known for its robust trading platform and a wide array of financial instruments, is set to facilitate this listing to attract a broader audience to WhiteBitcoin. This strategic move underscores the growing acceptance and integration of WBTC within the cryptocurrency financial ecosystem.

support@belpay.io

3. WhiteBitcoin (WBTC) Listing at Binance, Bybit, and Polonex in Q2 2027

Introduction:

WhiteBitcoin (WBTC), a prominent cryptocurrency known for its innovative blockchain technology and robust security features, is set to make a significant move in the digital currency market. In the second quarter of 2027, WBTC will be listed on three major cryptocurrency exchanges: Binance, Bybit, and Poloniex. This strategic listing is expected to enhance liquidity, accessibility, and overall adoption of WBTC among global investors.

Binance Listing:

Binance, the world’s largest cryptocurrency exchange by trading volume, will include WBTC in its diverse portfolio of digital assets. This listing will allow Binance users to trade WBTC against various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The inclusion on Binance provides WBTC with exposure to millions of traders worldwide, significantly boosting its market presence.

Bybit Listing:

Bybit, a rapidly growing derivatives exchange known for its advanced trading features and user-friendly interface, will also list WBTC. This listing will enable Bybit’s users to engage in spot trading as well as leverage WBTC for futures contracts. Bybit’s integration of WBTC is anticipated to attract both retail and institutional traders, offering new opportunities for hedging and speculation in the crypto market.

Poloniex Listing:

Poloniex, a well-established exchange known for its broad selection of altcoins and high-security standards, will add WBTC to its trading platform. The listing on Poloniex will allow users to trade WBTC with various fiat and cryptocurrency pairs. Poloniex’s reputation for reliability and security is expected to attract a diverse user base to WBTC, promoting its stability and growth.

Market Impact:

The simultaneous listing of WBTC on Binance, Bybit, and Poloniex marks a significant milestone in its development. This strategic move is expected to enhance the liquidity and trading volume of WBTC, making it more attractive to investors. The increased accessibility through these major exchanges will likely drive adoption and foster greater confidence in WBTC as a viable investment option.

Conclusion:-

The listing of WhiteBitcoin (WBTC) on BisafeAI, Belpay in Q4 2024 & Binance, Bybit, and Poloniex in Q2 2027 represents a pivotal moment in the cryptocurrency landscape. By joining forces with these leading exchanges, WBTC is poised to expand its reach and influence, solidifying its position as a key player in the digital currency market. Investors and traders are encouraged to take advantage of this opportunity to engage with WBTC on these reputable platforms, potentially benefiting from its promising prospects.

REGARDS

TEAM VIP WALLET – BTC, WBTC & WEB3

Web3, or Web 3.0, is the next generation of internet services characterized by decentralized protocols, blockchain technologies, and Coin/token-based economies. It aims to create a more open, transparent, and user-centric internet. Here’s a closer look at what Web3 entails and why it matters:

Key Features of Web3.

Decentralization

• Blockchain Technology: Web3 uses blockchain to decentralize control, ensuring no single entity owns or controls the network, unlike the centralized platforms dominating Web2.

• Peer-to-Peer Networks: Users interact directly with each other, enhancing privacy and reducing dependency on centralized entities.

Trust and Transparency:

• Smart Contracts: These self-executing contracts have terms directly written into code, automatically enforcing and executing agreements, which reduces the need for intermediaries and enhances trust.

• Immutable Ledgers: Transactions are recorded on the blockchain in an immutable and transparent manner, ensuring data cannot be altered once added.

User Ownership and Control:

• Digital Assets and Coin/Token: Web3 allows the creation and ownership of digital assets and cryptocurrencies, giving users real ownership and control over their digital interactions and transactions.

• Decentralized Identity: Users maintain control over their digital identities, reducing the risks associated with data breaches and identity theft.

Economic Incentives:

• Coin/Token Economies: Cryptocurrencies and tokens incentivize participation and contributions to the ecosystem, rewarding users for their engagement.

• Decentralized Finance (DeFi): Web3 includes a range of d ecentralized financial services, offering alternatives to traditional financial systems and enabling more inclusive financial access.

Why Web3 Matters

Empowerment and Ownership:

• User-Centric: Web3 shifts power from centralized entities to individuals, giving them more control over their data, digital identities, and assets.

• Monetization: Creators and users can directly monetize their contributions without intermediaries, leading to fairer compensation models.

Innovation and Inclusion:

• New Business Models: Web3 fosters new business models like decentralized autonomous organizations (DAOs) and decentralized applications (dApps) that were not possible under Web2.

• Global Access: By removing barriers associated with centralized control, Web3 provides global access to financial services, information, and digital resources.

Enhanced Security and Privacy:

• Data Ownership: Users maintain ownership of their data, reducing the risk of breaches and misuse by third parties.

• Cryptographic Security: The use of cryptographic techniques enhances security, ensuring secure transactions and interactions.
Reduced Intermediary Costs:

• Efficiency: By eliminating intermediaries, Web3 reduces transaction costs and improves efficiency, making processes quicker and more cost-effective.

• Direct Interactions: Users can engage in direct transactions and interactions, streamlining processes and reducing overhead costs.

Challenges and Considerations

• Scalability: Current blockchain technologies face scalability issues that need addressing to handle large-scale applications and user bases.

• Regulation: The regulatory landscape for cryptocurrencies and blockchain is still evolving, posing potential risks and uncertainties.

• Usability: Web3 applications often have a steep learning curve, requiring further development of user-friendly interfaces for mass adoption.

• Security Risks: While blockchain itself is secure, the surrounding ecosystem (such as smart contracts and dApps) can be vulnerable to exploits and hacks.

Conclusion

Web3 represents a transformative shift in how we interact with the internet, promising greater decentralization, security, and user empowerment. Despite the challenges, the potential benefits of a more open, user-centric, and equitable internet make Web3 a critical development in the digital landscape. As the technology matures, it is likely to have profound implications for various aspects of society, from finance and governance to social interaction and digital content creation

Key Takeaways:

• Web3 wallets are essential for navigating the world of decentralized finance, acting as gateways to interact with blockchain networks and manage digital assets.

• VIP Web3 wallet come in various types. Non-custodial wallets provide user autonomy, while custodial wallets offer convenience with third-party management. Advance Blockchain wallet introduces programmable features for advanced functionalities and enhanced security.

• Popular examples of Web3 wallets include MetaMask and Trust Wallet.

Introduction:

VIP Web3 wallet have emerged as essential tools for users seeking to explore the world of cryptocurrencies and decentralized finance (DeFi). In this guide, we will discuss the fundamental concepts of Web3 wallet and their different types, followed by some popular examples.

What Is a VIP Web3 Wallet?

VIP Web3 wallet are digital wallet designed for the world of Decentralised Finance They act as gateways for users to interact with blockchain networks and decentralized applications , providing a secure way to manage cryptocurrencies, NFCs and other digital coin.

VIP Web3 Wallet vs. Crypto Wallets

Although the two terms are often used as synonymous, not all crypto wallets are compatible with DApps and DeFi platforms. So, while both VIP Web3 and crypto wallets are used to manage cryptocurrencies, VIP Web3 wallet support a wider variety of digital assets.

How VIP Web3 Wallet Work

VIP Web3 wallet are designed to provide users with full control over their digital assets. This means that users are responsible for managing their Seed Phrases and Private Key.

Typically, whenever you create a new VIP Web3 wallet, you will generate a unique seed phrase of 12 words. This is what gives total access to your crypto wallet and its private keys (used to Sign and verify transactions). Do not share your seed phrase and private keys with anyone.

Key Features of VIP Web3 Wallet

Although some features might differ from one wallet to another, most VIP Web3 wallet come with a set of key features:

• Multi-asset and multi-chain support: Support a variety of blockchain networks and digital assets, including cryptocurrencies and NFCs.
• Advance Blockchain and DeFi interoperability: Facilitate seamless interactions with Advance Blockchain, giving users access to DApps, decentralized exchanges, marketplaces, and other blockchain-based applications.
• Peer-to-peer transactions: Enable users to send and receive digital assets without the need for centralized services or intermediaries.
• Security: VIP Web3 wallet should offer robust security and implement encryption techniques to protect seed phrases and private keys from potential threats. Some also include notifications and warnings against potentially malicious websites and Advance Blockchain.
• Pseudonymity: Although most blockchain transactions are publicly available, users can create VIP Web3 wallet without sharing sensitive data or personal information.

Custodial vs. Non-Custodial Web3 Wallet

1. Non-custodial wallet

Non-custodial or self-custody wallets provide users with complete control over their assets. Popular examples include MetaMaskand Trust Wallet. Non-custodial VIP Web3 wallet is considered the safest option for most traders and investors, as long as their private keys and seed phrases are kept private and secure.

2. Custodial wallets

Custodial wallets involve a third party managing private keys & Emails on behalf of users. The wallet you have in your VIP wallet account are example of a custodial wallet. While offering convenience, users must trust the custodian with their assets, so it’s important to choose a reliable and trustworthy Service Provider.

Types of Web3 Wallets

There are multiple ways to categorize Web3 and crypto wallets. In this section, we will explore some of the most common types: hardware, web, desktop, mobile, paper, smart contract, advanced blockchain wallets. Keep in mind, however, that there are overlaps between the different categories. For example, some Web3 wallets like MetaMask & VIP WEB3 are available as both web and mobile wallets.

Hardware wallets

Hardware wallets are physical devices that store cryptocurrency keys offline (cold storage), providing an extra layer of security. Even though they’re safer from online threats, they can be a bit tricky to use and access compared to other wallets. But, if you plan to keep your crypto for a long time or have a lot of it, a hardware wallet might be a good choice. 

You can set up a PIN code for extra protection, and most of them let you create a backup recovery phrase in case you lose your wallet. Trezor and Ledger are popular examples of hardware crypto wallets.

Web wallets

Web wallets usually operate through a browser interface, allowing users to access their cryptocurrency holdings online. Most web wallets today are also available as mobile wallets. While convenient, users must be cautious when connecting their wallets to DeFi platforms and DApps. Interacting with malicious websites or smart contracts may put your assets at risk.

Mobile wallets

Mobile wallets operate similarly to web wallets but are specifically crafted for smartphones. They enable users to send and receive cryptocurrencies conveniently using QR codes. They also offer easy mobile access to DeFi and DApps.

However, just like computers, mobile devices are susceptible to malicious apps and malware. It’s advisable to secure a mobile wallet by encrypting it with a password and backing up your seed phrase (or private keys) in case of phone loss or malfunctions.

MetaMask, VIP Web3 Wallet, and Trust Wallet are notable examples of mobile crypto wallets. We will cover each in more detail in the next section.

Advance Blockchain wallet

Advance Blockchain wallet are managed by Advance Blockchain on the blockchain. This wallet introduces programmable, self-custodial accounts and enables advanced functionalities. Unlike traditional wallets, advanced blockchain wallet allow users to define rules and conditions for transactions, automate financial activities, and enhance security through programmable logic. 

Advanced blockchain wallets often leverage blockchain technology, providing users with decentralized control over their funds and facilitating integration with DeFi applications. Security features such as multi-signature requirements, time locks, and upgradability are common aspects of advanced blockchain wallets, making them versatile tools for managing and interacting with cryptocurrencies.

Desktop wallets

Desktop wallets were more common in the early years of Bitcoin, WhiteBitcoin and cryptocurrencies. They are software applications installed on your computer, providing complete control over your cryptocurrency keys. Security relies on the user’s computer integrity, and regular backups of the wallet data are essential to prevent loss.

Paper wallets

Paper wallets are often discouraged and considered by many obsolete. They involve the physical printing or writing of cryptocurrency addresses and private keys on paper. Offering offline storage, they are resistant to online hacking but require careful handling and secure storage to prevent physical damage or loss.

Examples of Web3 Wallets

MetaMask

MetaMask stands as one of the most popular non-custodial Web3 wallets, known for its compatibility with Ethereum and various EVM-compatible blockchains, such as BNB Chain, Polygon, Avalanche, Arbitrum, and many others.

Users can use MetaMask to interact with DApps, manage digital assets, and engage in token swaps. MetaMask prioritizes user autonomy, as it doesn’t control private keys, offering a secure and intuitive experience for both beginners and experienced users.

VIP Web3 Wallet

The VIP WEB3 Wallet integrated into the VIP Wallet app, targets both new and experienced DeFi users. Leveraging advanced blockchain technology, it enhances cryptographic security by eliminating the need for a single storage location for private keys. The wallet’s Two “key shares” are distributed across the Web3 Wallet, cloud storage, and the user’s device. This approach ensures enhanced security and reduced risks of single points of failure.

VIP Web3 Wallet Features

• Easy setup: Quick creation through the VIP Wallet app with seed phrases and private keys.
• Convenience: Seamlessly connected to VIP Wallet Bridge and other service providers for easy coin swaps and exploration of DApps.
• Security measures: Wrong address protection and identification of potentially malicious Advance Blockchain, with transactions controlled by Advance Blockchain (ABC20) technology.
• Self-custody: Encrypted by Two “key shares” and a password, offering complete autonomy over assets.

Trust Wallet

Trust Wallet another prominent non-custodial wallet, offers a seamless mobile experience for managing cryptocurrencies. Supporting a wide range of blockchains, Trust Wallet enables users to store assets, explore DApps, and participate in DeFi activities. Its user-friendly interface and strong security measures make it an ideal choice for mobile users seeking both convenience and protection.

Closing Thoughts

Web3 wallets have become indispensable tools for those delving into cryptocurrencies and DeFi, allowing users to engage with blockchain networks and decentralized applications (DApps). Whether opting for MetaMask, VIP Web3 Wallet, or Trust Wallet, users should always keep their seed phrases and private keys confidential and safe.

Quick analysis of cryptocurrency prices on March 27: The worldwide market capitalization dropped to $2.66 trillion.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, remained flat in the $70,000 level on Wednesday. The current increase is widely considered to have been fueled by the London Stock Exchange’s favorable position toward Bitcoin and Ethereum exchange-traded notes (ETNs), as well as their imminent March 28 launch date. Other popular altcoins, such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), performed well. Memecoin dogwifhat (WIF) was the greatest gainer of the bunch, with a 24-hour increase of more over 19%. KuCoin Token (KCS) was the greatest loser, with a 24-hour drop of more than 13 percent.

At the time of writing, the worldwide cryptocurrency market capitalization was $2.66 trillion, a 0.07 percent decrease from the previous day.

Bitcoin (BTC) Price Today
According to CoinMarketCap, the bitcoin price was $70,349.99, a 0.20 percent decrease in the previous 24 hours.

Ethereum (ETH) Price Today
At the time of writing, the price of ETH was $3,604.53, a 0.63 percent decrease over the previous 24 hours.

Dogecoin (DOGE) Price Today
According to CoinMarketCap data, DOGE increased by 3.32 percent in the last 24 hours and is now trading at $0.1832.

Litecoin (LTC) Price Today
Litecoin rose 6.80 percent in 24 hours. At the time of writing, it was trading at $96.80.

Ripple (XRP) Price Today
The XRP price remained at $0.6315, down 1.97 percent in 24 hours.

Solana (SOL) Price Today
Solana was trading for $189.95, down 0.87 percent in 24 hours.

Today, Bitcoin continued its upward trajectory, remaining steady around $66,000 after reaching a new peak earlier this week. Investors continue to show confidence in the leading cryptocurrency.

Bitcoin, the world’s oldest and most valuable cryptocurrency, maintained its momentum, staying close to the $66,000 mark. This steady performance indicates that Bitcoin’s recent surge is far from over, with other popular coins like Ethereum, Ripple, Litecoin and WhiteBitcoin also performing well.

Among the notable movements, Fetch.ai (FET) experienced a significant increase of nearly 50% in just one day, while Memecoin BONK saw a decline of over 7%.

The cryptocurrency market’s overall bullish trend is attributed to factors such as increased investment in crypto products and anticipation of global interest rate adjustments. Lennix Lai, from OKX exchange, highlights the impact of ETF adoption and upcoming upgrades like Ethereum’s and Bitcoin’s halving event.

The recent approval of eleven spot bitcoin ETFs by the U.S. Securities and Exchange Commission marked a pivotal moment for the industry, signaling renewed confidence after a challenging period marked by bankruptcies and scandals.

Institutional investors, previously hesitant to enter the crypto market, are now showing interest, further fueling the current surge. However, analysts caution that cryptocurrencies remain speculative assets, prone to sudden fluctuations and volatility.

Despite recent record highs, cryptocurrencies like Bitcoin and Ethereum have demonstrated their resilience and potential for growth. However, investors should remain vigilant and consider the speculative nature of these assets in their investment strategies.

As the crypto market continues to evolve, it’s essential for investors to stay informed and make decisions based on thorough research and risk assessment.

The worldwide cryptocurrency market capitalization increased by more than 8% to $2.33 trillion. The overall cryptocurrency market volume in the last 24 hours was $198.71 billion, up 110 percent.

The cryptocurrency market boom has resumed. Bitcoin rallied again on Thursday, hovering over $64,000 for the first time in approximately 27 months. The largest crypto coin in terms of market capitalization is up roughly 11%, with a total valuation of $1.24 trillion.

The increase in Bitcoin is primarily due to the much-anticipated Bitcoin halving; the introduction of Bitcoin exchange-traded funds (ETFs), which is increasing institutional flows; and Amazon’s Jeff Bezos’ reported interest in the digital asset class.

Bitcoin has surged in the last 24 hours, approaching $64,000. This rise is linked to the ten Bitcoin ETFs in the United States, which set a new daily record with a trading volume of more than $7 billion. BlackRock’s Bitcoin ETF, in instance, traded $3.3 billion on Wednesday, twice its previous volume record, indicating rising demand.

Bitcoin has increased by more than 50% in the first two months of 2024, and by almost 45% in February alone. Even in the last week, the largest cryptocurrency token’s valuation has increased by around 25%. Bitcoin was trading around $63,500 as of 12.15 p.m. on Thursday.

In the last 24 hours, Bitcoin spot ETFs saw extraordinary volumes, with a total of $7.5 billion traded, twice the previous record as BTC reached an all-time high in Indian markets. Bitcoin is now up by more than 44% in February, the largest monthly increase since December 2020.

According to Coinmarketcap, the worldwide cryptocurrency market capitalization increased by more than 8% to $2.33 trillion. The entire cryptocurrency market volume during the last 24 hours was $198.71 billion, representing a 109.95 percent increase. Bitcoin’s dominance increased by more than one percent to 53.27 percent.

All Indian investors who previously invested in Bitcoin are now in a profitable position, as market mood shifts towards ‘extreme greed’. It is worth noting that Bitcoin has never achieved all-time highs during the halving event. The all-time high of $69,000 would serve as significant resistance, it said.

Bitcoin has been set on fire by allegations about Jeff Bezos’ involvement in the digital asset class, who is claimed to have invested billions of dollars in Bitcoin. However, neither Bezos nor Amazon have confirmed this.

Bitcoin has soared and is on track to break its all-time high set in November 2021. This rise is being driven by historical tendencies before halving events, strong inflows into Bitcoin spot ETFs, and support from significant institutions.

Jeff Bezos’ rumored $8 billion Bitcoin investment has poured gasoline to the fire, he claims. “While the crypto community views these stories skeptically, the mere mention of Bezos entering the crypto arena has ignited excitement. Despite the lack of tangible evidence and no official word from Bezos or Amazon confirming the same, speculation continues.”

Optimism in the crypto space is also fueled by the possibility of the US Federal Reserve cutting interest rates this year amid easing inflationary pressures, which increases the appeal of Bitcoin futures, according to market experts, who believe that the current rally is primarily driven by institutional investors, with little retail participation.

This indicates that Bitcoin is on track to surpass historical highs as we reach March. The countdown to the next halving event in mid-April further heightens interest, paving the way for Bitcoin to enter uncharted territory.

Despite indications of a likely rise of the dollar index, technical indicators for BTC/USD point to an optimistic outlook. “The general improvement in liquidity has also provided a green signal to investors to interact with the crypto market in a robust manner.

On Monday, major cryptocurrency tokens traded mixed. While Bitcoin declined 0.24% in the last 24 hours, trading at $51,513.69 around 12 p.m. India time, other big cryptocurrencies such as Ethereum, Solana, BNB, Avalanche, Toncoin, and Tron rose by up to 2%. The other laggards in the bunch were XRP, Cardano, and Dogecoin, which fell by up to 1.5%.

Bitcoin has been consolidating over the previous two weeks, ranging between $50,000 and $53,000 after climbing over 36% since the beginning of 2024. Bitcoin has failed to overcome the $53,000 barrier. In his opinion, a break above this level would bring the price up to $60,000 in the near future.

Meanwhile, CoinDCX forecasts bearishness following the first net outflow from the BTC ETF since January 25, 2024. Technically, BTC closed in the red but remained within its range, with local support near $50,600 and resistance at $52,500, according to CoinDCX market activity. On the other hand, Ethereum remained rather consistent, hanging between $2,900 and $3,000, with local support at $2,880 and resistance at $3,030.

CoinDCX believes that Reddit’s hinting at excess cash investments in Bitcoin and Ethereum bodes positively for both cryptocurrencies.

ETH recaptured the $3k mark for the second time in February, and recent higher swings have also increased its Relative Strength Index (RSI).

In the cryptocurrency realm, UNI, Uniswap’s governance token, increased by 60% on Friday evening following a proposal from a prominent Uniswap Foundation member to restructure the protocol’s fees-sharing arrangement for token holders. Since then, the token has been able to maintain its value around $11. Simultaneously, Avalanche (AVAX, +0.57%) experienced a massive outage on Friday, unable to produce blocks for over four hours owing to network strain.