While the banking crisis in the US may have started with the collapse of three banks in March Silicon Valley Bank (SVB), Signature Bank, and Silvergate Bank, it certainly did not end with them despite the government and regulators doing everything they could to dodge the bullet. Regulators and politicians alike are concerned about a heightened capital flight from the country’s community banks to giant banking institutions, posing a significant economic threat to common Americans. The sudden Bitcoin price bounce back above $29,000 comes amid growing concerns for the banking sector in the United States. Crypto Market Overviewĭespite BTC and ETH’s mid-week uptick, the majority of altcoins are stuck in the red and lagging in their recovery except for these selected four, Render Token (RNDR), Nexo (NEXO), Casper (CSPR), and MultiverseX (EGLD), passing as the top crypto gainers today, April 27. ETH, the token powering the largest smart contracts platform, Ethereum is also in the green, up 2% to exchange hands at $1,900. The most prominent cryptocurrency trades at $29,000 on Thursday after a bullish comeback on Wednesday. When trading in stocks your capital is at risk.Join Our Telegram channel to stay up to date on breaking news coverageĪfter enduring a gruesome week with Bitcoin’s pullback to $27,500, crypto investors now face another uphill task-to hold prices steady. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Past performance does not guarantee future results. Trading cryptocurrencies is not supervised by any EU regulatory framework. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. Each investment is unique and involves unique risks. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. Another possible reason is that Binance announced that it will list the coin on Friday. It also ended a giveaway where a select number of people received rewards worth about $100 for activating their cards. The NEXO price is likely rising after the company started offering the Nexo Card service. It also provides a credit line with rates that starts at 0% APR. The card now enables people to earn up to 2% cash back in BTC or NEXO. Most recently, Nexo partnered with Mastercard to launch its Nexo Card solution. Some of the most popular yielding coins in NEXO are Avalanche, Maker, 1Inch, MATIC, and Polkadot. Today, Nexo has over 4 million users globally and more than $12 billlion in assets under management. All you have to do is to buy a coin and start earming up to 17% APR, which is a better return than what most assets offer. Nexo also has a feature that lets people earn returns from their cryptocurrencies. It now offers some of the leading coins in the industry like Bitcoin, Ethereum, LUNA, and even ApeCoin. It launched an exchange where people can easily buy cryptocurrencies within a few seconds. A crypto believer can access cash while maintaining their holdings. The firm’s flagship product enables people to borrow funds using their cryptocurrencies as collateral. Nexo is one of the biggest companies in the cryptocurrencies industry. That price was about 28% above the lowest level this week, bringing Nexo’s market cap to over $1.2 billion.
The token’s price rose to a high of $2.60, which was the highest level since April 4th this year. The Nexo price jumped sharply on Friday even as other cryptocurrencies recoiled.
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