Daily Crypto Digest from TradeCrypto.com

Hello, Crypto Fam! What happened with crypto last day? We will tell you. Welcome to another ping pong game of ours - the daily digest of crypto market changes 🤩🤩🤩

BTC broke through a very important support level of 46,000$. ETH trades above 3,300$.

💪 Bitcoin dominance: 42.3%

📉 Total Cryptocurrency Market Cap: $2,110 tr

😲 Fear and greed index: 60 (greed)

🚀 Gainers(Top-100)

Holo (HOT) +31.2%

Filecoin (FIL) +25.7%

EOS (EOS) +20.8%

😭 Losers(Top-100)

Waves (WAVES) -0.9%

Bitcoin Tests USD 47K, Ethereum Reaches USD 3.3K, Altcoins Gain Momentum 💪💪💪

Bitcoin price gained pace above the USD 46,200 resistance zone 👀 BTC price started a fresh increase above the USD 45,500 resistance zone and even briefly surpassed the USD 47,000 level 👀

It is currently (04:00 UTC) consolidating gains near USD 46,900 and eyeing an upside break above USD 47,500 🔥🔥🔥

Similarly, most major altcoins are gaining bullish momentum. ETH was able to clear the ⚡️ USD 3,300 ⚡️ resistance zone. XRP settled above the USD 0.85 resistance.

ADA might soon test the USD 1.20 resistance.

The Crypto Taxman is Coming

Millions of people made money on crypto last year, and now the IRS is looking for its cut ✂️  ✂️ 

Here's how to stay out of trouble. April 18 is the deadline for filing taxes in the U.S., and, just like last year, the first question on the IRS return asks if the taxpayer owns any cryptocurrency 💲💲

This shows the Treasury Department now regards crypto taxation as an important source of income, and that it's more determined than ever to collect it.

The Ukraine Launches NFT Museum of War on Ethereum and Polygon

With the country still under attack from Russian forces, Ukraine's Ministry of Digital Transformation today announced the launch of the Meta History Museum of War, which features only 💜 NFTs 💜

The “museum”, as you can imagine, isn't a physical building but rather a website. 💻

Its collection, made with the ministry's support, chronicles recent events in the war between Russia and Ukraine, including personal reflections from both Ukrainian and international digital artists.

NFTs are changing the way photographers create and market content 🎉 🎉

Since their explosion last year, nonfungible tokens (NFTs) have shown their appeal to collectors, investors and traders alike 🎀 🎀 🎀

They have especially gained attention in the art world, where an item’s provenance is everything, and owning the official, unique version of an item is much more valuable than a copy or duplicate.

Some have postulated that artists creating and storing pieces on-chain can use the technology as proof of ownership for popular art forms.

What is a cryptocurrency mixer and how does it work?

Many people use crypto mixers to keep their cryptocurrency transactions private by mixing potentially identifiable cryptocurrency funds with vast sums of other funds.

These services are often used to anonymize fund transfers between services and do not require Know Your Customer (KYC) checks. As a result, the risk of employing crypto mixers to launder money or conceal earnings is pretty considerable. ❗️❗️❗️

Mixers and online gambling sites have the most severe money laundering issues, as they process the vast majority of dirty currencies. Mixers, for example, have consistently processed about a quarter of all incoming illicit Bitcoin (BTC) each year, while the proportion laundered through exchanges and gambling has remained relatively steady (66 to 72%).

Web3: Onboarding the next billion users — 🔺 The road ahead 🔺

Recent geopolitical events have polarized the world. 🃏

Partisanship and the ideological divide have further balkanized the internet, whose gatekeepers have trampled upon the rights of millions to access financial services.

Nations are gradually waking up to the reality of having neutral protocols and national stacks. Hailed as the next generation of the internet, Web3 will be sanction-resistant and free of data silos.

Web3 can offer global digital rails to aid innovation and independence. The clamour to reign in Big Tech has propelled the discussions around Web3.

Cryptocurrency vs. Stocks: Key differences explained

Investing in stocks is the established choice and crypto is a novel form of investment. It’s a fierce debate among investors. Here's how this ping pong game goes 🤨 🧐

🔴 Stocks have been around for centuries and have achieved a certain status of reliability, while cryptocurrencies have only come into inception in recent years.

🟠 Stocks are backed by company assets or physical money, but this is not the case with crypto. The crypto market is young and growing rapidly which means there is great volatility.

What is your plan for investing in the future?

10 Non-Crypto Ways to Make Money in Crypto

The cryptoverse offers a wide variety of ways to earn an income 💰💰💰

From mining and staking to yield farming and selling NFTs, there’s seemingly something for anyone tech-savvy enough to make crypto work for them ⚙️⚙️

But there are also non-crypto ways to make money in crypto. Read here to discover a list of just a few products and services you could provide to earn an income in the crypto industry without actually touching crypto.

This was all from us for today :)

Let us know how you would rate today's digest:😍 Loved it🤨 Could have been better🤮 Better luck next time

What is Crypto Ping Pong digest?

So all the TC lads here are working quite hard and from time to time we gotta chill.

That’s why we got ourselves a ping pong table to complete our lazy-bag-stuffed chill zone. As you all know our main hobby is Crypto, so even while we play we don’t really shut up about it. Ever.

During the game, we have a rule not to discuss serious topics like analytics, predictions, etc.

So memes, leaks, gossips naturally come about – we collect them and share them with you in this interstellar space on our site we like to call Crypto Ping Pong digest.