Best Crypto to Buy Now 18 April – RNDR, INJ, MANA
Bitcoin has managed to climb back to the $30,000 level following a 24-hour low of $29,100, signaling what many crypto traders hope is a continued uptrend that may solidify a wider bull market trend in the crypto markets.
The leading cryptocurrency is sitting at a 2.82% increase in the past day, while ether and other altcoins are also seeing gains.
Ether, for example, rose 0.89% to maintain its position above the $2,000 mark.
How might this resurgence in the cryptocurrency market affect the selection of the best cryptos to buy now?
According to Matteo Bottacini, a trader at Crypto Finance AG, altcoins may exhibit positive momentum with limited downside risk since many of them are currently in a state of uncertainty.
Bottacini suggests that this could be perceived as a high-beta trade, as investors take profits from Bitcoin.
Radix, a blockchain platform designed to support the XRD token, saw a 35% surge within 24 hours, while Arbitrum's ARB increased by 10%.
Meanwhile, Coinbase CEO Brian Armstrong expressed concerns about the lack of regulatory clarity in the United States during a conference in London.
Armstrong stated that the company might consider various options, including relocation out of the US, to adapt to the current environment.
He believes that the US has the potential to play a significant role in the cryptocurrency market, but regulatory uncertainties are hindering growth.
If these issues persist, Armstrong suggests that the company may invest more heavily in other parts of the world.
And in other news, a recent research report from brokerage firm Bernstein attributes the collapse of FTX as the trigger for a new optimistic cycle in cryptocurrency markets.
According to the report, FTX's downfall eliminated the final
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