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While Bitcoin targets a bounce above $67k, there are altcoins outperforming most of the other tokens amid huge developments. Hedera (HBAR) and Floki (FLOKI) are among the top performers today. Amid this surge for HBAR and FLOKI, a new token is creating all the buzz in the presale market – Bitbot (BITBOT).
HBAR skyrocketed after an announcement that name-dropped BlackRock, but the price is now falling as the investment giant says it's not directly involved.
Find out why the price of Hedera (HBAR) doubled in just one day! Explore the reasons behind this sudden jump in the cryptocurrency's value.
Hedera (HBAR), the token behind Hedera Hashgraph, held a spectacular rally at the start of the new week. HBAR peaked at $0.18, its highest price for the past two years, doubling its price overnight.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $66,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $3,200 mark this morning.
The Hedera token experienced a massive surge of over 100% to its portfolio following a hoax news breakout of its partnership with Archax to tokenize BlackRock's ICS US Treasury money market funds on its blockchain. However, the news was later clarified to be a rumor.
The last 24 hours have been the most eventful for Hedera (HBAR) traders in well over a month as a BlackRock-related misunderstanding caused the token to rapidly rocket from $0.09 to $0.17 within 2 hours, only to start dropping again.
The cryptocurrency market this week necessitates a thorough analysis that illuminates some of the top performers. Each coin, from Hedera Coin to Solana Coin and Bonk Coin, can be distinguished from the others based on their characteristics and potential for growth.
The latest price moves in bitcoin (BTC) and crypto markets in context for April 24, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
The price of Hedera (HBAR) has surged dramatically in the short term, at one point experiencing triple-digit gains within the last 24 hours amidst alleged connections to the world's largest investment firm, BlackRock (NYSE: BLK).
TL;DR Hedera's HBAR token experienced a significant price surge of over 107% due to a misinterpretation of news involving BlackRock's ICS U.S. Treasury money market fund being tokenized on its blockchain. The news led to rumors that BlackRock had selected Hedera for its fund tokenization project.
When the crypto community became aware of the situation, Chris O'Connor, the founder of the Cardano Ghost Fund DAO, criticized the Hedera Foundation for what he perceived as misleading the public.
Misunderstandings and misplaced bullishness have led to a rollercoaster ride for Hedera Hashgraph (HBAR) in the past 24 hours. The crypto coin's price soared more than 105% yesterday on April 23rd during trading hours, only to tumble rapidly by more than 20% afterwards. Today, Hedera is still trading higher than yesterday's opening price of $0.
In a landmark development for real-world asset tokenization, Hedera's (HBAR) price surged an impressive 100% within 24 hours.
A sudden increase in price grabs attention and fuels speculation in the dynamic world of cryptocurrency. Such was the case of Hedera Bar (HBAR), when it skyrocketed by 90% in its value and 6514.60% in trading volume, in just 24 hours.
HBAR, the native token of the Hedera blockchain, surged by 90% following a widely misinterpreted announcement from the HBAR Foundation, which caused confusion among crypto influencers.
Numerous meme coins have also posted double-digit price increases in the past 24 hours.
Hedera's cryptocurrency HBAR soared 100% after BlackRock announced tokenizing its fund on Hedera's blockchain, showcasing rising institutional blockchain adoption.
A misinterpreted announcement by the HBAR Foundation suggested that Blackrock's ICS US Treasury Fund was tokenized on the Hedera blockchain in partnership with Archax and Ownera, leading to a significant misunderstanding and a 96% increase in the HBAR token price within 24 hours.
Hedera's native HBAR token surged by more than 107% on Tuesday as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain, the token then slumped by more than 25% as BlackRock turned out to have no involvement in the launch.
HBAR, the native cryptocurrency of Hedera Hashgraph, surged by a staggering 100% all the way to $0.18. On Tuesday, April 13, financial giant BlackRock announced that it would leverage the Hedera Blockchain to tokenize its money market fund.
A widely misinterpreted announcement from the HBAR Foundation has sparked confusion among crypto influencers and sent the price of HBAR token soaring.
Archax, a digital asset exchange, broker, and custodian based in London, has expanded its tokenization services to the BlackRock ICS US Treasury money market fund (MMF). This undertaking is implemented in cooperation with The HBAR Foundation and is a major step forward in the merging of traditional financial assets with the blockchain technology.
Cryptocurrency prices had a rollercoaster during the weekend as global risks escalated. Bitcoin plunged to almost $60,000 on Saturday and then bounced back to over $65,000. Other altcoins have also jumped by double digits in the past 24 hours, a rebound that could be a dead cat bounce.
