Bitcoin Holds Firm While Toncoin Rallies and Crypto Developments Accelerate

Bitcoin is holding steady at $81,000, but savvy traders should keep an eye on the clock. Toncoin continues its upward surge, and Ledger is building a bridge to Hyperliquid.

Bitcoin was trading at around $81,000 on Thursday morning, unchanged from the previous day

Bitcoin ETFs lost momentum but still managed to record an inflow of $46 million on Wednesday.

Bitcoin investors looking to capitalize on even minor price fluctuations should pay attention to the time of day and day of the week. This is the conclusion of a CoinDesk study conducted in collaboration with Velo. The study examined Bitcoin price movements from the beginning of February to early May. According to the findings, Bitcoin most frequently gains ground during Asian trading hours, which run from 2:00 AM to 10:00 AM in Germany.

The subsequent European trading hours, however, tend to cause Bitcoin to fall disproportionately before the US markets take over from 6:00 PM German time onwards, often reversing the BTC price curve. The study indicates that Monday is the best day for Bitcoin, followed by Wednesday and Friday. On Thursdays and weekends, however, negative BTC price performance is to be expected, the study concludes.

Ethereum fell 1.5 percent to around $2,330 by Thursday morning

Ethereum ETFs remained in positive territory on Wednesday, with $12 million in new capital inflows.

Polymarket, a pioneer among blockchain-based betting markets, is linked to the Ethereum ecosystem via Polygon. Now, Ethereum founder Vitalik Buterin has addressed the topic via X , identifying two weaknesses. Prediction markets can only be as good as the mechanism that resolves these bets, Buterin writes.

He suggests that conflicts of interest can arise when committees are paid to decide on contentious issues. He also points to a lack of decentralization. Whether Buterin now advocates for an Ethereum standard for the growing betting markets sector remains to be seen.

While Ethereum Edges Lower, Toncoin Surges

With a 32 percent gain, Toncoin is once again the day’s winner; a 112 percent weekly gain is a clear statement for TON. You can find the latest Block-Builders analysis of the Toncoin comeback with Telegram support here .

The biggest loser of the day is Terra Luna Classic (LUNC), down 21 percent. The remnants of the Terra debacle in 2022 have become objects of speculation.

Nothing new from the crypto sentiment barometer, which reads “Neutral”, but given the ongoing Iran crisis, this could also be a good sign.

Ledger, a leading manufacturer of hardware wallets, is virtually indispensable in the crypto industry. Now, Ledger has built a bridge to HyperLiquid, the leading decentralized cryptocurrency exchange for trading derivatives.

In an accompanying official blog post, Ledger explains that the link, yield.xyz, ensures the highest possible security. If you are already active on HyperLiquid, it is recommended that you consider this new solution. Every crypto investor should have a hardware wallet anyway, and Ledger is at the forefront of this technology.

__

(Featured image by DS Stories via Pexels)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in BLOCK-BUILDERS.de. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.