{"id":656,"date":"2024-04-29T06:55:42","date_gmt":"2024-04-29T06:55:42","guid":{"rendered":"https:\/\/cryptd.in\/major-shiba-inu-shib-updates-bitcoin-btc-price-decline-and-more-bits-recap-april-29\/"},"modified":"2024-04-29T06:55:42","modified_gmt":"2024-04-29T06:55:42","slug":"major-shiba-inu-shib-updates-bitcoin-btc-price-decline-and-more-bits-recap-april-29","status":"publish","type":"post","link":"https:\/\/cryptd.in\/pt\/major-shiba-inu-shib-updates-bitcoin-btc-price-decline-and-more-bits-recap-april-29\/","title":{"rendered":"Principais atualiza\u00e7\u00f5es do Shiba Inu (SHIB), queda de pre\u00e7o do Bitcoin (BTC) e muito mais: Recapitula\u00e7\u00e3o de bits em 29 de abril"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Post-halving, Bitcoin dipped to $62,500 but analysts foresee a rally influenced by financial institutions\u2019 involvement and historical trends.
\nUpgrades to Shiba Inu\u2019s Shibarium include a new user interface and a planned hard fork to optimize transaction processes.
\nRipple\u2019s ongoing SEC lawsuit and potential $100 million settlement may impact XRP\u2019s price, with the possibility of a bull run if resolved favorably.<\/p>\n

<\/a><\/span><\/h2>\n

BTC Price Outlook<\/h2>\n

Despite the brief surge above the $67K level in the days after <\/span>the BTC halving<\/span><\/a>, the price of the primary cryptocurrency has been experiencing a downfall lately. Over the weekend, it hovered around the $63,000-$64,000 range before dipping to its current mark of $62,000 (per CoinGecko\u2019s data). As CryptoPotato <\/em>reported<\/a>, this harmed over-leveraged traders and triggered over $100 million in liquidations.
\n<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

Nevertheless, numerous analysts remain optimistic that BTC is posed for a substantial rally\u00a0<\/span>in the near future<\/span>, citing the halving and other factors.\u00a0<\/span>The event, which\u00a0<\/span>slashed<\/span> the rewards distributed to miners for verifying new blocks on the blockchain <\/span>in half<\/span>, has historically been a precursor of a major resurgence of the entire crypto market.<\/span><\/p>\n

If you are curious to learn how the halving made BTC rarer than gold and how it may result in a bull run, please check our latest video below:<\/span><\/p>\n\n

<\/div>\n

Shiba Inu Updates<\/span><\/h2>\n

The popular meme coin made the headlines last week after disclosing\u00a0<\/span>major<\/span>\u00a0upgrades on its layer-2 scaling solution \u2013 Shibarium. The team\u00a0<\/span>introduced<\/span><\/a>\u00a0a new user interface (UI) that allows compatibility with self-custody wallets, including Coinbase Wallet, MetaMask, and Trust Wallet.\u00a0<\/span><\/p>\n

The developers also\u00a0<\/span>announced<\/span><\/a>\u00a0that the network will undergo\u00a0<\/span>a key<\/span>\u00a0update on May 2 via an \u201cupcoming hard fork.\u201d The advancement aims to improve user experience, implement quicker block processing times, and\u00a0empower the community of developers and innovators.<\/span><\/p>\n

\u201cWe are also smoothing\u00a0<\/span>out<\/span>\u00a0transaction fee variations during high traffic times, making costs more predictable and fair for everyone.\u00a0<\/span>This<\/span>\u00a0ensures our platform remains affordable and accessible,\u201d the team added.<\/span><\/p>\n

What are the Odds of an XRP Rally?<\/span><\/h2>\n

Despite the start of the trial between Ripple and the US Securities and Exchange Commission (SEC), XRP\u2019s price keeps trading in the red, down 5% in a week and plunging by 20% in a month.
\n<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Many consider the lawsuit\u2019s outcome\u00a0<\/span>as<\/span>\u00a0an essential factor that could propel a bull run for the asset (in the event of a decisive Ripple victory<\/span>, of course<\/span>).<\/span>\u00a0So far, the company has secured<\/a> three partial court wins, and some see the SEC as the underdog in the legal spat.\u00a0<\/span><\/p>\n

It remains unclear when the case will be officially closed. The American lawyer Jeremy Hogan recently <\/span>suggested<\/span><\/a> that the two parties may shake hands on a $100 million settlement.\u00a0<\/span><\/p>\n

A publica\u00e7\u00e3o Principais atualiza\u00e7\u00f5es do Shiba Inu (SHIB), queda de pre\u00e7o do Bitcoin (BTC) e muito mais: Recapitula\u00e7\u00e3o de bits em 29 de abril<\/a> apareceu primeiro em CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Post-halving, Bitcoin dipped to $62,500 but analysts foresee a rally influenced by financial institutions\u2019 involvement and historical trends. Upgrades to Shiba Inu\u2019s Shibarium include a new user interface and a planned hard fork to optimize transaction processes. Ripple\u2019s ongoing SEC lawsuit and potential $100 million settlement may impact XRP\u2019s price, with the possibility of […]<\/p>\n","protected":false},"author":0,"featured_media":657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nMajor Shiba Inu (SHIB) Updates, Bitcoin (BTC) Price Decline, and More: Bits Recap April 29 - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/pt\/major-shiba-inu-shib-updates-bitcoin-btc-price-decline-and-more-bits-recap-april-29\/\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Major Shiba Inu (SHIB) Updates, Bitcoin (BTC) Price Decline, and More: Bits Recap April 29 - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR Post-halving, Bitcoin dipped to $62,500 but analysts foresee a rally influenced by financial institutions\u2019 involvement and historical trends. 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