| ETH Achieves an All-Time High... Again If you cannot see the email below, please click here to see the web version. Dear FreeBitco.in User, You are receiving this email because you are an active user at FreeBitco.in. Your User ID 4327909 was last active on 2021-01-06.  LAST WEEK IN CRYPTO Hello FreeBitco.in Users! The biggest news of this week has been Bitcoin's 25% crash but there was a lot more to unpack last week. Let's take a look at what happened Last Week in Crypto: ➤ BTC Falls to $47,800; Dominance Drops Below 50% for the First Time Bitcoin Fails to Reclaim $60,000, Investors Expect $43,000 Bottom BTC | BITCOIN $54753.88 +0.28%  Bitcoin failed to reclaim the $60,000 mark and crashed by 20% last week. A week after reaching its all-time high at $64,800, BTC has shown signs of a major correction further fueled by U.S. President Joe Biden mulling over tax hikes for wealthy Americans. A week ago, BTC crossed the 200MA and broke downwards. It tried to test the resistance again but buyers couldn't stop BTC from falling further. Next support lies near $47,500. The Bitcoin price has already tested the level once and could break it on the next try. A bigger fall could see BTC reach $43,000. However, this may not necessarily be a bearish sign. BTC has retraced by a mere 25%, significantly less than the pullbacks we saw during the 2017 bull run. We could see potential short-term buying soon as the RSI enters oversold territory. Crypto's Biggest Giveaway Concludes on 23rd April, Winner Announced  Win a Lambo Round 4 ended on 23rd April and a provably fair draw has picked the lucky winner: User 15324044 wins a Lamborghini with a total of 882,251 Golden Tickets. The user has to now choose between a Lamborghini and $200,000 in BTC credited to their FreeBitco.in account. Meanwhile, Win a Lambo Round 5 has already begun. Users have to collect Golden Tickets to participate in the giveaway. A provably fair draw will be conducted in October to determine the winner. FUN Token Reaches New Milestone FUN | FUN Token $0.029835 +8.07% Since FreeBitco.in launched the Premium Program in February and acquired FUN Token, more than 125,000 FreeBitco.in users have invested in the future of decentralized gaming by purchasing FUN Tokens. And last week, the number of FUN Tokens bought by FreeBitco.in users reached 200 million tokens. At the time of writing, FUN Token is trading at $0.029, a steep drop from the high of $0.068 achieved 2 weeks ago. The wider cryptocurrency market has followed BTC down, but this dip signifies potential buying opportunities. Altcoin Watch: ETH Hits All-Time High Even As BTC Drops ETH | Ethereum $2,197 -3.75% MKR | Maker $3,714 -12.26% SOL | Solana $35.55 -1.45%  Despite Bitcoin staying down, Ether hit a new all-time high of $2,643 on 22nd April. As most cryptocurrency markets reeled from BTC's 25% crash, ETH kept going. ETH also hit 0.047 against BTC, its highest since August 2018. This also led to the Bitcoin dominance falling below 50% for the first time ever. At the time of writing, dominance lies at 50.2%. However, this rise in ETH price has led to incredible spikes in gas fees. The gas limit reached $15 million as Ether reached its all-time high.  Maker is one of the oldest DeFI projects on the Ethereum network and following ETH's rally, MKR itself rallied by 25% to reach an all-time high of $4,980.  High fees and slower transaction times on the Ethereum network have prompted developers and projects to look for alternative layer-one solutions. Solana is one such ecosystem that has started gaining traction lately. Solana claims to be able to process 65,500 transactions per second. That's significantly higher than ETH's 18.3 transactions per second. Furthermore, low fees have seen several projects being launched on the Solana blockchain over the last month. This activity saw Solana reach its all-time high of $44 on 22nd April. SOL is definitely worth watching for the future.  Monero is slowly creeping up on its old all-time high of $474 set in 2017 as institutional investors turn towards established projects with longer histories of success. Monero's rise has further been fueled by the fact that three teams are working on atomic swaps between XMR and BTC. This combined with the release of the Monero-based Haveno decentralized exchange has pushed XMR closer to its peak. Crypto News Weekly Roundup U.S. House of Representatives Passes Digital Asset Innovation Act  On Tuesday, 20th April, the United States House of Representatives passed H.R. 1602 - the Eliminate Barriers to Innovation Act - introduced by Rep. Patrick McHenry. This bill seeks to clarify the roles of agencies like the SEC and the Commodity Futures Trading Commission in the policing of crypto in the U.S. During the passage of the bill, Rep. McHenry said in his address, ''[This bill] requires the Securities and Exchange Commission and the Commodity Futures Trading Commission to establish a working group focused on digital assets. This is the first step in opening up the dialogue between our regulators and market participants and move to needed clarity.'' Multi-billion-dollar Investment Trust Backs Kraken  London-based RIT Capital Partners - a $5.3-billion investment trust - has acquired a stake in one of the world's biggest crypto exchanges: Kraken. This news comes a week after Coinbase was listed on NASDAQ. Kraken is considering going public through a direct listing in 2022. A record surge in trading volumes and new clients amid Bitcoin's recent rally has seen RIT Capital Partners sit up and take notice. Their investment could grow if a prospective new fundraising round for Kraken goes through. This fundraising round could take Kraken's valuation to somewhere between $10 billion and $20 billion. 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