The crypto market is experiencing a strong rebound after a red weekend full of FUD & liquidations. Bitcoin's at $55,705 (+3.3%), KLV $0.08179 (+20.12%), ETH at $2,327 (+12.0%) & TRX $0.1333 (+11.6%).
Following a bloody weekend in the crypto market where Bitcoin fell sharply, dragging most altcoins down with it in negative double digits, the crypto market has bounced back significantly on April 21.
Although there were reports spreading FUD (fear, uncertainty, doubt) related to possible yet unfounded claims of litigation against US institutions allegedly using crypto currency to launder money, the real reason behind the flash crash over the weekend is likely related to a cascade of liquidations of the futures market.
After this episode of liquidations, the overall health of the crypto market is more intact, as the futures market has less influence on and sway over the price of Bitcoin and the overall cryptocurrency markets.
Despite the weekend FUD against Bitcoin and crypto in general, the fundamentals have not changed and in fact are stronger than ever. Crypto adoption is rising exponentially, as more institutional investors and regular payment processes, such as Venmo, are publicly accepting Bitcoin and other crypto in their business models and exposing digital assets to their customers.
Klever (KLV) is currently trading at $0.08179 and has increased +20.12% in 24h, and is up +16.2% against Bitcoin to 0.00000147 BTC. On April 20, Klever announced the partnership between Klever.io and Syscoin, and the joint work with the Syscoin team of integrating Syscoin LUX (4.2) Mainnet into the Klever ecosystem.
Klever will become the primary mobile wallet for SYS and Syscoin Platform Tokens (SPTs) after LUX Mainnet launches. The SYS integration has been conducted over the past 3 months through a close and joint cooperation between the two dev teams.
Syscoin has the second highest hash rate in mining power among all blockchains worldwide, after Bitcoin (BTC) and ahead of Bitcoin Cash (BCH), and Klever is proud to partner with such a prominent and influential blockchain mining project.
Read more in Syscoin & Klever Announce Partnership.
Meanwhile, Bitcoin (BTC) is up +3.3% on the day, trading around $55,705 at this time. Ethereum (ETH) has increased +12.0% to trade above $2,327, Tron (TRX) at $0.1333 and a daily increase of +11.6%, while Binance Coin (BNB) increased +11.3% to trade at $609.
KLV: $0.08179 (+20.12%) in 24h, at time of writing, 0.00000147 BTC (+16.2%)
KFI: $334 (+6.85%)
BTC: $55,705 (+3.3%)
ETH: $2,327 (+12.0%)
TRX: $0.1333 (+11.6%)
BNB: $609 (+24.9%)
LTC: $264 (+11.3%)
XRP: $1.43 (+16.1%)
DOGE: $0.33 (-17.8%)
DASH: $325 (+14.2%)
BCH: $958 (+13.3%)
Swap all these cryptocurrencies at the push of a button in Klever Swap, with over 300 different trading pairs.
You can also purchase the following cryptos inside Klever App in what is the market’s safest and fastest way to buy crypto with Apple Pay or Credit Card: BTC, KLV, ETH, XRP, TRX, BNB, USDT, USDC & CEL.
KLV is currently trading at:
KuCoin, Gate.io, XT.com, CoinEx, Bitrue, Bittrex, BW.com, MXC.com, Bilaxy, LATOKEN, TronTrade, PoloniDEX and of course in Klever Swap with over 60 direct trading pairs.
You can read more about the Klever Ecosystem at klever.io and klever.finance.
Director of Communications at Klever.io