Crypto Outlook

-BTC: $28,533.96

-ETH: $1,847.93

-XRP: $0.4652

-LTC: $0.4652

The global crypto market cap is $1.18T, a 1.93% decrease over the last day. The total crypto market volume over the previous 24 hours is $37.89B, which makes a 57.16% increase.

BTC: BTC price decreased by 2.37% and increased by 2.94% over 24 hours and in the past seven days. The asset reached a low and high of $28,447.10 and $29,952.03, respectively.

Venmo, a well-known mobile payment platform under PayPal’s ownership, declared on April 28th that it will soon introduce a new feature enabling users to transfer cryptocurrencies both on and off the platform. This move is part of Venmo’s ongoing efforts to meet the increasing demand for crypto-related services among its users.

In line with a press statement, the new feature will give users greater choices and versatility in handling and managing their cryptocurrencies. It is scheduled to become operational from May 2023 onwards, providing users with increased convenience when managing their digital assets.

Venmo via Tweet: “Dropping in to announce a new feature of ours: crypto transfersGet started now. Link

ETH: ETH price decreased by 2.75% and 0.81% over 24 hours and in the past seven days. The asset reached a low and high of $1,829.41 and $1,938.42, respectively.

Templeton Money Market Fund, a prominent global investment management firm, has invested in Polygon, a layer-2 scaling solution for the Ethereum blockchain. This significant step demonstrates Franklin Templeton’s increasing interest in and acceptance of decentralized finance (DeFi) alongside other traditional financial institutions.

The collaboration between Polygon and Templeton, Money Market Fund, indicates a significant shift in the financial landscape, with a convergence of traditional and decentralized financial systems. The investment made by Franklin Templeton underscores their progressive mindset and trust in the potential of DeFi.

XRP: XRP price decreased by 2.22% and 1.15% over 24 hours and in the past seven days. The asset reached a low and high of $0.4618 and $0.4818, respectively.

DidYouKnowGaming is a popular YouTuber with 2.4 million subscribers, creating video game-related content that covers trivia and history. Unfortunately, the channel was recently hacked by an anonymous perpetrator who used it to promote XRP cryptocurrency scams. The hacker changed the channel’s profile and covered images to Ripple’s logo, trying to lend credibility to the scam.

Thankfully, YouTube took swift action to prevent further damage. They barred the XRP hackers from interacting with the channel’s subscribers and collaborated with DidYouKnowGaming to regain access to his channel. Nonetheless, this occurrence is just one of several examples of an emerging trend, with hackers targeting YouTube channels to promote scams.

LTC: LTC price decreased by 3.46% and 0.41% over 24 hours and in the past seven days. The asset reached a low and high of $86.83 and $91.39, respectively.

LTC is currently exhibiting short- and long-term bullish sentiment, trading above its 50-day and 200-day Simple Moving Averages (SMA). Its Relative Strength Index is 48.18, placing it in the neutral zone. Furthermore, the indicator appears to be moving sideways, reflecting the ongoing sideways trend on the daily chart.

Litecoin has encountered solid support at the $85.58 level, effectively halting any further price declines for the asset. Other significant support levels to watch include $69.90 and $47.5, while its resistance levels are $94.20 and $103.23.

Today, Litecoin is testing the psychological resistance level of $90. If the bulls triumph, the coin will likely move above the $90 price level, pivoting off the $88.25 resistance level. However, the sideways trend could persist in the short term.

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