iGaming Crypto Watch April 2023 – Is it a bull run?

Stay up-to-date with iGaming Crypto Watch in April 2023 for the latest on Bitcoin, Bitcoin Cash, Litecoin, TRON, Ripple, and Ethereum prices. (Photo by kanchanara at unsplash.com)

Another monthly report for all you Bitcoin casino fans out there! Plus, this report also includes a price check on the most in-demand iGaming cryptos!

Since the last crypto update, the cryptocurrency market has enjoyed substantial gains, with the exception of TRON. Bitcoin, has led the way and had a great run at the start of March but has tapered off. This rally has contributed to the total market capitalization of all cryptocurrencies reaching its highest point since June…  $1.19 trillion.

In the ever-evolving crypto world, new concepts emerge almost daily that challenge the existing conventional financial framework. A novel concept is Coinhub’s partnership with 1,000 gas stations in the U.S., to install their ATMs, allowing users to conveniently buy Bitcoin and 25 other cryptocurrencies with cash. This move is a reaction to the recent collapse of banks/exchanges where the public is becoming increasingly indifferent to traditional financial institutions.

This anonymous alternative is not without issues, which has come under increased U.S. regulatory scrutiny. It will be intriguing to see how the SEC handles this ground-breaking idea (and those that come after it) and how they interpret it to subject Coinhub to legal action.

This update will delve into the past couple of weeks and look at movements and recent news of Bitcoin, BitCash, Litecoin, TRON, Ripple and Ethereum to see where they may be headed.

iGaming Crypto Watch: If you are looking for how the market looked just a month ago, then take a look at the iGaming Crypto Watch March 2023 update here. There price movements are positive bringing the bull up the stairs as the bear edges itself out the window!

iGaming Crypto Watch April 2023 Updates

Bitcoin (BTC) – Bitcoin has dominated the crypto world and is showing promising signs as it heads higher. BTC price tested above the $29,000 USD mark and looks to break $30k very soon. On the other hand, if the market falls, Bitcoin’s immediate support level is at $27,600 USD. The coin has demonstrated strong performance this year with a 72% increase and market analysts are expecting the coin to rise incrementally in the coming week as the market consolidates. BTC continues to be a top-performing asset despite the gloomy economic outlook, with a market cap of $540b. The coin opened up today and is currently trading at $28,547 USD.

BitCash (BCH) – BitCash reached a ten-day high on April 3^rd, making BCH another notable gainer to open the week. After trading at a low of $120.54 USD, BCH reached a high of $129.15 USD but has pulled back slightly and is trading at $128.80 USD. Market sentiment is bullish on BCH but some analysts believe that because of recent 2-day low trading volumes, it is a short-term risk and should be approached with caution.

Litecoin (LTC) – As Litecoin is based on the Bitcoin protocol, one could assume that as BTC rises, LTC would follow. There are a few technical differences though. LTC is good for point-of-sale transactions/micro transactions which many large retail merchants are embracing. Visa and MasterCard offer crypto debit cards and can be used at retailers that don’t accept crypto. As retail demand for crypto payments accelerate, LTC should benefit as their crypto project gains more attention. Litecoin was trading at $94.01 USD at the time of writing and needs to break through $96 USD to indicate that the short-term corrective phase is over.

TRON (TRX) – While the founder of TRON continues to battle controversy around his investment in Huobi Global, losing his diplomatic status from Grenada (advisor to World Trade Org.) and being charged by the SEC on fraud charges, the crypto asset is trading at $0.066. TRX was restricted by low trade volumes at the end of March as investors waited for market conditions to improve. As the coin tries to break out, support level is $0.064 USD and key resistance level is $0.0685 USD. TRX faces many obstacles in the coming weeks but market analysts remain positive on this crypto asset because of current technological developments that will expand its reach.

Ripple (XRP) – XRP has pushed up 24% in the last 2 weeks, hitting a 3 month high of $0.52 USD on March 31^st. The surge in price could be explained by the development of a new product – xRapid. The technology would assist banks in accelerating bank transactions and since the announcement the company has experienced significant gains. Ripple also has a SEC court case in the mix. They expect the residing judge to make a decision in the coming month. The ruling will affect the entire global crypto community, as well as the banking industry and is predicted to have a major impact on the XRP price.

Ethereum (ETH) – Ethereum (ETH) – The big news for Ethereum is the anticipation of the release of the Shanghai Upgrade. With the help of this technology, investors will be able to stake ETH on the network and earn interest, much like a traditional investor would when purchasing and holding bonds. In the last 2 weeks ETH has gone up almost 10%, a 2% gain on April 5th. The cryptocurrency is currently selling at $1,911 USD, a 7-month high.

Disclaimer: Using crypto prices from a simple report is not the best way to invest in the market. If you are bullish about crypto, seek out advice from an expert cryptocurrency site like www.coindesk.com, where crypto experts and real time prices come together to advise investors. Other popular sites include The Block, CryptoSlate, Cointelegraph, and Crypto Briefing.