MATIC price is up over 5% and it tested the $0.950 resistance.Polygon bulls are in full control, and they might aim for more upsides above $1.00.MATIC price started a fresh increase above the $0.920 resistance against the US dollar.The price is trading above $0.925 and the 100 simple moving average (4 hours).There was a break above a key bearish trend line with resistance at $0.9150 on the 4-hour chart of the MATIC/USD pair (data source from Kraken).
Ethereum price is gaining pace above the $3,600 resistance zone.ETH could extend its upward move if it clears the $3,725 resistance zone.Ethereum is aiming for more gains above the $3,725 and $3,740 levels.The price is trading above $3,650 and the 100-hourly Simple Moving Average.There is a connecting bullish trend line forming with support at $3,480 on the hourly chart of ETH/USD (data feed via Kraken).The pair could extend its rally if there is a close above the $3,725 resistance zone.
Bitcoin price is moving higher above the $71,200 resistance.BTC is showing positive signs and might soon extend gains above $72,500.Bitcoin climbed higher above $69,500 and $70,000 resistance levels.The price is trading above $70,000 and the 100 hourly Simple moving average.There is a key bullish trend line forming with support near $70,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could accelerate higher if it clears the $72,500 resistance zone.
Bitcoin (BTC) has shown an impressive performance in the first quarter (Q1) of 2024, as highlighted in a recent report by market intelligence data research firm Messari.The research firm finds key factors contributing to Bitcoin’s price increase, market cap dominance, and the emergence of new trends in the cryptocurrency ecosystem.Inscription Activities Drive Bitcoin Fees Up Analyzing the key figures detailed in the report, Bitcoin’s price experienced a significant increase in Q1 2024, rising 68.
A pattern in the holdings of the Bitcoin long-term holders may suggest that the current bull run is 40% of the way to completion.Bitcoin Long-Term Holders Have Been Distributing Recently In a new post on X, Glassnode lead analyst Checkmate discussed the recent behavior of the long-term Bitcoin holders.The “long-term holders” (LTHs) here refer to the BTC investors who have been holding onto their coins for over six months.Statistically, the longer an investor holds onto their coins, the less likely they become to sell them at any point.
Global investor Dan Tapiero recently shared his optimistic outlook for Bitcoin (BTC), suggesting that the leading cryptocurrency soars above the $200,000 mark might be on the horizon.Tapiero, known for his investment insights and co-founding roles in Gold Bullion International and 10T Holdings, took to X to express this bullish sentiment.Related Reading: Bitcoin’s Recovery Rally: Breaking Through This Level Is Key To Bullish Momentum – Analyst Catalyst That Could Drive Bitcoin To $200,000 According to Tapiero, a significant macroeconomic factor is expected to drive Bitcoin’s price to new heights, offering investors an opportunity for substantial gains.
Crypto expert Ash Crypto has outlined his price predictions for several crypto tokens, including Bitcoin (BTC), Dogecoin (DOGE), and XRP, heading into this bull run.He also suggested that these price levels could be attained in the next 12 to 16 months. How High Will Bitcoin, Dogecoin, And XRP Rise? Ash Crypto predicted in an X (formerly Twitter) that BTC would rise between $100,000 and $250,000 by 2025.This prediction aligns with those made by other notable crypto analysts.
As Bitcoin (BTC) continues its upward trajectory, regaining its bullish momentum after brief range-bound price action and inching closer to its all-time high (ATH) of $73,700, crypto analyst Miles Deutscher shared insights on several altcoins to watch for potential gains this week. Altcoins With Strong Potential First, Deutscher observes a robust recovery in Bitcoin following its recent dip below the $65,000 level on April 3rd.The analyst notes that Bitcoin’s structure appears positive, with $73,8000 being the critical level to watch as it represents the previous ATH and the cryptocurrency’s last resistance before further gains.
Arthur Hayes, the founder of the crypto exchange BitMEX, recently made a move on an altcoin he had held since 2022.This move saw the transfer of over 230,000 GMX tokens to Wintermute Trading, seemingly making a profit of $3.2 million.Related Reading: XRP Price Drops After Massive Whale Dump, Casting Doubt On $1 Target In April Altcoin Dropped By Its Largest Personal Holder Blockchain research platform Lookonchain revealed that Arthur Hayes seemingly sold his GMX holdings yesterday.
Crypto Expert BarriC has raised eyebrows with his recent analysis of the XRP price, in which he stated that the crypto token could rise to $1,000.As part of his analysis, he also elaborated on why this price level is attainable and not an “arbitrary number” he has pulled out for fun. When Will The XRP Price Rise To $1,000? BarriC suggested in an X (formerly Twitter) post that the XRP price will rise to $1,000 in the next five to ten years.
The world of memecoins continues to be a rollercoaster ride, and Pepe (PEPE) is no exception.Recent on-chain data reveals a surge in tokens moving out of exchanges, potentially signaling a bullish sentiment among investors.However, conflicting indicators cast a shadow of doubt on the sustainability of this upward trend.Related Reading: Solana Primed For Takeoff? Expert Analysis Points To Buying Opportunity Pepe Soars Out Of Exchanges, Suggesting Investor Confidence A significant development for PEPE is the movement of a large number of tokens away from exchanges.
Bitcoin may be hovering below its all-time highs, but analysts are turning bullish based on a rare chart formation.Taking to X, the analyst observed that BTC has closed two consecutive months above the upper Bollinger Band on the monthly chart. A Rare Bollinger Band Signal Prints: BTC To $140,000? The analyst said that historically, when Bitcoin closes two consecutive months above the upper Bollinger Band on the monthly chart, prices tend to double within three months.
Trading Guru Peter Brandt has recently commented on the Ethereum vs.Bitcoin chart, offering intriguing insights into market developments.Brandt’s remark comes after his prior critiques of Ethereum, denigrating it as a “junk coin” and its proponents as “Etheridiots.” However, amidst Ethereum’s recent descent to its lowest position against Bitcoin in nearly three years, Brandt’s stance seems to have transformed.Related Reading: Sleeping Giant Awakens! Ethereum Whale With Over 12,000 ETH Creates Noise Ethereum Plunges Against Bitcoin: A Bear Trap?
Crypto analyst Armando Pantoja recently outlined his price targets for several crypto tokens after the fast-approaching Bitcoin Halving.Although he included price targets for Bitcoin and Ethereum, his ambitious price target for Shiba Inu (SHIB) was what caught the attention of the crypto community. Shiba Inu To Hit $0.001 After The Halving Pantoja predicted in an X (formerly Twitter) post that Shiba Inu could rise to $0.001 after the Bitcoin Halving occurs later this month.
On-chain data shows Polygon (MATIC) is currently inside the same buy zone that earlier led to rallies of around 112% and 87% for the asset.Polygon 30-Day MVRV Ratio Is Significantly Negative Currently As pointed out by analyst Ali in a post on X, MATIC is showing a historically bullish pattern in its 30-day MVRV ratio.The “Market Value to Realized Value (MVRV) ratio” here refers to an on-chain indicator that keeps track of the ratio between the Polygon market cap and realized cap.
The future price and valuation of Bitcoin is a hot topic of debate, with varying predictions from different camps.One sentiment is maintained by most, though, and that is the fact that the cryptocurrency is going to trade at a much higher valuation than it is currently.Skybridge Capital CEO Anthony Scaramucci shares this sentiment, predicting that the Bitcoin market cap will eventually reach half of the gold market cap.Batting For Bitcoin To Capture 50% Of Gold Market Cap Anthony Scaramucci has long been a proponent of Bitcoin and has been very vocal about his support for the coin.
In the early US hours of Monday, Bitcoin witnessed a significant surge, with its price climbing above the $72,000 mark.The ascent, marked by a more than 4.5% increase within a mere five-hour window from below $69,500 to an intra-day high of $72,579, can be attributed to a confluence of factors that have stirred the crypto market.#1 Strong Bitcoin Spot Demand The rally appears to be fueled by robust demand in the Bitcoin spot market, hinting at the potential sustainability of the move.
Amid the renewed strength recently displayed by Bitcoin, Michael Van De Poppe, a recognized cryptocurrency analyst and trader has offered an intriguing prediction for BTC, highlighting that the crypto asset is likely to reach the $300,000 threshold in this bull cycle.Bitcoin Price Targetted At Unprecedented Heights This Cycle Over the past month, the price of Bitcoin has been consolidating and hasn’t been able to sustain its rise beyond its new peak of $73,000.
The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse has boldly forecasted a transformative shift in the crypto industry, envisioning a $5 trillion market capitalization for cryptocurrencies in 2024. Ripple CEO Says Crypto Market Cap To Double By Year’s End Appearing in a recent interview with CNBC, Garlinghouse made a shocking prediction, stating that he sees the entire market capitalization of the crypto industry surging to $5 trillion by the end of 2024.
A renowned crypto trader and analyst has recently shared bold predictions regarding the future of the cryptocurrency market.In a comprehensive analysis, Crypto Busy has pointed towards a potential boom in alternative cryptocurrencies (altcoins), suggesting the possibility of significant gains in the near future.Related Reading: XRP Price Drops After Massive Whale Dump, Casting Doubt On $1 Target In April According to him, altcoins could experience remarkable growth, with the potential for values to multiply by up to 1,000 times.
With the fourth Bitcoin halving just 12 days away, the community is buzzing with anticipation, speculating on the potential for Bitcoin to breach the significant $100,000 threshold.Joe Consorti of Theya Research has offered a comprehensive analysis, diving into the intricacies of Bitcoin’s current market position and the factors that might catapult its value to new heights.This event, a cornerstone in Bitcoin’s design to halve the rewards for mining new blocks every four years, historically triggers a bullish momentum, and the present scenario appears to be aligning with past precedents.
It is now doubtful that the Ripple Labs cryptocurrency, XRP, would be able to hit the much-anticipated $1 price objective this month as its pricing has taken a negative swing today.The market’s general unease over the impending Bitcoin halving and a significant transfer of XRP tokens by a whale also correspond with this fall.Related Reading: Fear Grips XRP Market As Liquidations Top $6 Million – Details Whale Offloads Millions Of Tokens Data from from blockchain tracker Whale Alert shows that an unknown wallet transferred nearly 25 million XRP tokens worth $14.
The Ethereum market is buzzing after a long-dormant “whale” – a major investor holding a vast amount of cryptocurrency – resurfaced and transferred a significant amount of ETH to the Kraken exchange.This move has sparked speculation about a potential price drop, but wider market trends suggest a more complex picture.Related Reading: Bitcoin Dips, But Don’t Panic: ETFs See Three Days Of Bullish Inflow On-chain analytics firm Spot On Chain has disclosed that the investor, who participated in Ethereum’s Initial Coin Offering (ICO) in 2014, recently deposited 1,069 ETH, valued at roughly $3.
The world of cryptocurrency can be a curious place.While established coins like Bitcoin and Ethereum, and even Solana dominate headlines, a new breed of tokens – meme coins – have captured the imagination (and wallets) of a growing number of investors.These coins, often featuring playful mascots and fueled by online hype, can experience explosive growth, but also come with a significant risk of volatility and even scams.Related Reading: Forget Q1 Slump: Solana Explodes Over 300% Amid DEX Boom Enter Slothana (SLOTH), the latest Solana-based meme coin making waves in the crypto community.
Bitcoin is still pushing a price recovery on its quest to return to the $70,000 price level.This has seen the cryptocurrency now trading above $69,000, up by 1.6% in the past 24 hours.This price fluctuation has occurred in the middle of increased accumulation activity from some whales and some short-term holders. Related Reading: Forget Q1 Slump: Solana Explodes Over 300% Amid DEX Boom Blockchain analytics platform Lookonchain has revealed an instance of whale activity on social media.
After a retracement from its current high of $0.22960, the price of Dogecoin (DOGE) looks like it is not yet done as the memecoin bounced back and moving toward its current high.Dogecoin Price Technical Analysis Dogecoin is one of the few memecoins that have captured the hearts of many crypto investors.Like Shiba Inu and Pepecoin (PEPE), Dogecoin is backed up by a strong and exciting community which has played a huge role in its success so far.
The Bitcoin price has somewhat slowed down since reaching the unprecedented high of $73,000, moving mostly sideways since mid-March.However, with the halving event less than a fortnight away, all eyes will be on the premier cryptocurrency and all that pertains to it over the next couple of weeks.According to a recent on-chain observation, the BTC supply on exchanges has been on a steady decline over the past few months.This trend has sparked discussions on what this could mean for the Bitcoin price, both in the short and long term.
Embattled crypto lender Genesis Global Capital has continued to ramp up efforts to pay up creditors after filing for bankruptcy protection in January 2023.As part of these efforts, Genesis has now reportedly sold off the entirety of its Grayscale GBTC holdings to acquire a substantial amount of Bitcoin in order to implement its repayment strategy. Related Reading: Bitcoin Dips, But Don’t Panic: ETFs See Three Days Of Bullish Inflow Genesis Converts GBTC Shares To Bitcoin In Preparation For Debt Settlement According to a Friday report by Bloomberg Law, Genesis finalized the sale of its 36 million GBTC shares, as revealed by the company’s lawyers in a court filing on April 2.
In the first quarter of 2024, Solana became the clear leader thanks to a notable increase in the amount of Decentralized Exchange (DEX) and Decentralized Finance (DeFi).In addition to its remarkable rise in DEX and DeFi sectors, Solana’s dominance was further solidified by its scalability, low transaction fees, and robust infrastructure.The massive increase in DEX volume signifies a substantial rise in trading activity within the SOL ecosystem.This trend aligns with the broader adoption of DeFi, with Solana establishing itself as a major player in the space.
The price of Near Protocol’s native token, NEAR, has been on an upward momentum recently, with a crypto analyst projecting further price increases and suggesting that the coin could see a surge to more than $10 soon.Related Reading: Solana Primed For Takeoff? Expert Analysis Points To Buying Opportunity Near Protocol Price Poised For $10 Surge Popular crypto trader and analyst, identified as Bluntz on X (formerly Twitter) has unveiled a major price prediction for NEAR.
The Cardano (ADA) price looks set for a significant move to the upside.The network recently hit a new milestone in terms of transactions processed so far, in addition to other bullish fundamentals that could also contribute to the price surge. Cardano Has Processed Over 88 Million Transactions Data from Cardano’s latest weekly development report shows that the network has processed 88.6 million transactions to date.This is significant as sustained network activity can positively affect ADA’s price.
The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC sent jitters through the financial world. Initial concerns about fading demand seem unfounded as Bitcoin ETFs continue to shatter trading volume records.This is further bolstered by three consecutive sessions of net inflows into these investment vehicles.Related Reading: Solana Primed For Takeoff? Expert Analysis Points To Buying Opportunity Bitcoin ETF Inflows Signal Long-Term Investor Appetite A recent dip in ETF activity sparked fears that the initial excitement might be short-lived.
Generally, the crypto market has been experiencing a pullback after Bitcoin and many other coins like Ethereum have recorded a new all-time high of which Arbitrum (ARB) was not left behind.Arbitrum, which has a lot of potential with a market cap of over $3.8 billion and a circulating supply of 2,653,939,384 ARB has been trading below the 100-day Moving Average (MA) for some time now.However, recently the price of ARB has been showing some signs of reversing.
The Cardano price has been facing a significant amount of bearish pressure over the past week, declining by more than 12%.This recent fall coincides with a broader crypto market downturn, with other major altcoins suffering huge losses over the past week.Specifically, Cardano’s price decline has been largely linked to the recent sell-off of all ADA holdings by the Grayscale Digital Large Cap Fund (GDLC).On Thursday, April 4, the fund disclosed its decision to rebalance its portfolio by liquidating its Cardano assets (about 1.
Bitcoin began 2024 with a blast gaining by over 73% in the first quarter of the year to establish a new all-time high price of $73,750.And although BTC soon declined from this value following a turbulent price movement in the last month, its biggest stakeholders have shown a consistent accumulation trend throughout the first three months of 2024, indicating a high confidence in the asset’s profitability ahead of the upcoming halving event.
Cardano (ADA)’s founder is a man of many words and many GIFs.Charles Hoskinson’s comments, whether you agree or disagree with them, tend to spark discussions in the crypto community.Hoskinson’s latest X reply spree covered issues from dating advice to his confidence in the ecosystem to Solana’s recent struggles.As a result, several conversations regarding those topics and Cardano’s founder’s perspectives on them spread across the X platform.Related Reading: Cardano Price Tumbles As Grayscale Sells All ADA From Large Cap Fund Charles Hoskinson’s Dating Advice Charles Hoskinson offered some crypto-related dating advice in a reply to Lily Brodi, the creator of the viral ‘Cardano Girls’ video.
On-chain data shows a Dogecoin whale made a large withdrawal from Binance today, which may be bullish for the memecoin’s price.A Large Amount Of Dogecoin Has Left The Binance Platform In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, a large transfer has been spotted on the Dogecoin blockchain during the past day.In this move, the network has processed the movement of 304,588,737 DOGE, worth around $52.
The recent ratio between Bitcoin (BTC) and Ethereum (ETH) prices suggests a potential decline in risk appetite within the crypto market.The ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin than its smaller rival, Ethereum.This development has led crypto asset trading firm QCP Capital to speculate that this shift in the ratio could be an early indication of a transition from “fear of missing out” (FOMO) to outright fear.
Over the past week, Bitcoin (BTC) has struggled to move significantly to the upside as the leading cryptocurrency has entered a consolidation phase below the $69,000 mark.This subdued volatility departs from Bitcoin’s usual fluctuations, raising speculation about a potential stagnation phase in its market trajectory.Related Reading: Bitcoin Bulls Roar: Analysts Predict Surge To $82,000 Amid Bullish Pennant Formation Anticipation Builds For Bitcoin’s Next Rally The cryptocurrency community has closely monitored Bitcoin’s movements, especially as it approaches crucial resistance levels.
In a significant development, FTX bankruptcy trustees have reportedly sold about two-thirds of a $2.6 billion stash of Solana (SOL) at a “deeply discounted price.” Industry figures such as Galaxy Trading and Pantera Capital were among the investors involved in the deal, according to people familiar with the matter, as reported by Bloomberg.SOL Tokens’ Four-Year Journey Per the report, the FTX estate was able to sell between 25 million and 30 million locked-up Solana coins at $64 each, generating up to $1.
Dogecoin has had a rather interesting week, first rallying to cross $0.2, before correcting back downward and eventually losing support at $0.8.Nevertheless, there is still a lot of steam left in the cryptocurrency it seems, as crypto analysts have identified both a bottom and a 7-year cycle that could send its price as high as $40.Dogecoin To Bottom Around $0.16 In an analysis posted on X (formerly Twitter), crypto analyst Trader Mayne posited that Dogecoin could find a bottom around $0.
Bitcoin may be dripping lower at spot rates.Still, one analyst is unfazed, expecting the coin to reverse recent losses and snap up firmly before peaking in December 2024.At spot rates, BTC is down roughly 11% from 2024 peaks and struggling to generate sufficient buying pressure, looking at the formation in the daily chart.Will History Support Bitcoin And Rally To Fresh Highs? Taking to X, the analyst highlights historical price patterns using the 2-week Fisher Transform indicator, a tool for picking out potential reversal zones like double tops or bottoms.
Crypto analyst CrediBULL Crypto has laid out a bullish narrative for Ethereum (ETH) and XRP.He claimed that both tokens could rise to as high as $20,000 and $20, respectively.Additionally, he stipulated when this parabolic price surge is likely to happen. Ethereum Could Hit A Market Top Near $20,000 CrediBULL Crypto mentioned in an X (formerly Twitter) post that there is a chance that Ethereum could hit a market peak near $20,000.
An analyst has explained how a buy signal forming in the price of Polygon (MATIC) could lead to the asset rebounding towards these price targets.Polygon Is Showing A TD Sequential Buy Signal Right Now In a new post on X, analyst Ali has discussed about the a Tom Demark (TD) Sequential signal forming in the MATIC price chart.The TD Sequential here refers to an indicator in technical analysis that’s generally used for pinpointing probable locations of reversal in any given asset’s value.
Solana (SOL), a prominent player in blockchain technology, finds itself at a crossroads.While crypto analyst Altcoin Sherpa remains bullish on its long-term potential, recent price drops and a surge in failed transactions raise concerns.Is Solana Poised For A Major Rally? Sherpa, known for simplifying complex investment strategies, suggests a buying range of $168-208 for SOL.He emphasizes a long-term approach, advocating patience over short-term price movements.This aligns with Solana’s reputation for innovation, offering a fast and scalable platform for decentralized applications (dApps).
Cardano (ADA) is again in the spotlight as crypto analysts continue to deliberate on its future trajectory.This time, crypto analyst Alan Santana has laid out a bearish narrative for the crypto token, which could cause its price to drop drastically. How ADA Could Crash To $0.34 In his analysis, Santana stated that ADA’s breakout below the $0.58 price level, which has acted as support for the crypto token for five weeks, signals a bearish sentiment toward it.
Crypto Jelle, a cryptocurrency analyst and aficionado, has expressed optimism toward the price action of Bitcoin, highlighting the potential for the digital asset to revisit the $69,000 threshold in the short term.Bitcoin Poised For Short-Term Gains Due to waning interest in the cryptocurrency market, the price of Bitcoin fell by 5.60% to $66,650.However, the latest price decline does not seem to have dampened traders’ and analysts’ expectations for a sustained bull run, and one of those is analyst Crypto Jelle.
The Cardano (ADA) price is experiencing a notable decrease, dropping by 12% since the start of the week, with a 2.6% dip recorded today alone.Despite this, with a market capitalization of $20.27 billion, ADA maintains its position as the 9th largest cryptocurrency.This recent downturn comes amidst a broader crypto market experiencing mostly sideways to downward movement, with ADA recording more significant losses compared to its peers like ETH, which is down by 7.
Dogecoin (DOGE), the Shiba Inu-themed memecoin, finds itself in a curious situation.While the number of holders and overall interest in DOGE surges, its price has experienced a significant drop in the past week.This inconsistency reflects the broader volatility of the memecoin market, currently experiencing an influx of novice traders.Related Reading: Trouble Ahead? Binance Coin Futures Market Under Pressure With Negative Funding Rates IntoTheBlock, a blockchain analytics firm, revealed a record number of addresses holding memecoins for less than a month in March.
Ethena Labs has revealed its latest strategic move: the inclusion of Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe.This decision, aimed at significantly scaling the product’s supply from its current $2 billion, capitalizes on the burgeoning BTC derivative markets for enhanced scalability and liquidity in delta hedging practices.Ethena Labs’ ambitious goal is to leverage the considerable growth of BTC open interest, which has seen a substantial rise from $10 billion to $25 billion in just one year, far outpacing Ethereum’s (ETH) growth rates.
Cardano (ADA) is moving lower below the $0.620 resistance zone.ADA could gain bearish momentum and decline toward the $0.50 support.ADA price is slowly moving lower from the $0.670 zone.The price is trading below $0.620 and the 100 simple moving average (4 hours).There is a key bearish trend line forming with resistance at $0.6008 on the 4-hour chart of the ADA/USD pair (data source from Kraken).The pair could attempt a fresh increase if the bulls remain active above the $0.
Ethereum price is struggling to recover above the $3,440 resistance zone.ETH is moving lower and might decline further if it clears the $3,250 support.Ethereum is struggling to climb above the $3,370 and $3,440 levels.The price is trading below $3,380 and the 100-hourly Simple Moving Average.There was a break below a major bullish trend line with support at $3,300 on the hourly chart of ETH/USD (data feed via Kraken).The pair could extend losses if there is a close below the $3,250 support zone.
Bitcoin price is attempting a recovery wave above the $66,500 resistance.BTC must clear the $70,000 resistance to continue higher in the near term.Bitcoin is facing many hurdles near the $69,500 and $70,000 levels.The price is trading above $67,000 and the 100 hourly Simple moving average.There was a break above a key bearish trend line with resistance at $66,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could start another increase if it stays above the $67,000 support zone.
The memecoin market has been dominated by dog-themed tokens for the past few years.Despite not being as popular and well-known as their canine crypto counterparts, cat-themed tokens are starting to appear at the forefront of the meme-inspired market.Related Reading: Memecoins Reign Supreme: CoinGecko Reveals Most Profitable Crypto Narrative Of Q1 Cats In A Dogs Crypto Market Memecoins can become a market sensation overnight, and their communities can be some of the most supporting investors, as seen with the Vegas Sphere “wif on sphere” fundraiser campaign.
The Bitcoin Network Value to Transactions (NVT) Golden Cross indicator attained overheated values coinciding with the recent local top in the price.Bitcoin NVT Golden Cross Surged To 3.17 During Recent Peak An analyst in a CryptoQuant Quicktake post explained that the NVT Golden Cross may have served as an indicator of the recent top in cryptocurrency prices.The “NVT” refers to an on-chain metric that tracks the ratio between Bitcoin’s market cap and transaction volume (both in USD).
Renowned crypto analyst Jelle has caught the attention of the Bitcoin (BTC) community with his bold prediction of a target price of $82,000.Notably, despite recent challenges in breaking above the $66,000 mark, Bitcoin currently hovers around $67,780, showing resilience in the face of a short-term pullback.Related Reading: Bitcoin Insider Tip: Expert Signals Key Catalyst That Could Revive BTC’s Rally BTC To $82,000 Soon? In an X post uploaded earlier today, crypto analyst Jelle shared his latest view on Bitcoin.
Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem. The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes, the growth of Bitcoin Layer 2 (L2s) solutions, and the expansion of decentralized finance (DeFi) applications built on the Bitcoin network.
Pseudonymous crypto analyst PlanB has boldly claimed that Bitcoin will hit $100,000 this year despite the current bearish sentiments around the flagship crypto.He made this statement while providing an in-depth analysis of Bitcoin’s current price action. Bitcoin To $100,000 Is “Inevitable” PlanB stated in a video on his YouTube channel that he believes Bitcoin hitting $100,000 this year is “inevitable.” Interestingly, he suggested that $100,000 is likely just the starting point for Bitcoin’s price in this market cycle.
While Bitcoin has dipped from its recent highs of around $74,000, some analysts are urging investors to stay calm and even see this as a buying opportunity.So far, Bitcoin prices have remained under pressure, trickling lower in the past trading week.Are There Similarities With The Bitcoin Bull Run Of 2020? Though the downward momentum is slowing down, and there has been no confirmation of the April 2 dump, the failure of bulls to convincingly flow back and drive the coin above $71,000 remains a concern for some traders.
Crypto expert Michaël van de Poppe has repeatedly stated that altcoins are still greatly undervalued heading into this bull run.Now, he has published a list of altcoins that he believes can provide investors with maximum returns. Chainlink Is Top Of The List In an X (formerly Twitter) post, Van de Poppe listed Chainlink (LINK) as the number one altcoin he believes has so much potential.He explained that Chainlink’s valuation is currently at a cycle low and has dropped by 40% since its recent peak.
On-chain data shows the recent Bitcoin drawdown has shaken up the short-term holders, leading them to make large exchange deposits at a loss.Bitcoin Short-Term Holders Have Transferred Huge Volume In Loss To Exchanges As analyst James Van Straten pointed out in a post on X, the BTC short-term holders have recently participated in a large amount of loss-taking.The “short-term holders” (STHs) are the Bitcoin investors who bought their coins within the past 155 days.
Injective (INJ) may be on the brink of a potential price surge following a recent wave of accumulation by crypto whales.This would undoubtedly be a much-needed relief for the INJ token, which has dipped significantly in the last seven days. Crypto Whales Buy $24.8 Million Worth Of INJ Data from the market intelligence platform Santiment shows that Whale Addresses recently bought $24.8 million worth of INJ, bringing their total holdings to 10.
Banking behemoth VanEck has valued Ethereum Layer-2 (L2) solutions at an astounding $1 trillion in a daring prediction, emphasizing the critical role that efficiency gains and scalability improvements will play in the development of blockchain technology.Ethereum Layer 2s Poised For Significant Increase In Valuation According to VanEck researchers, Ethereum Layer 2 scaling networks are expected to soar to the aforementioned market valuation by 2030.Leading the comprehensive prediction were Patrick Bush, the senior investment analyst at VanEck, and Matthew Sigel, the head of digital research.
In a notable development, blockchain developer Ripple Labs recently announced its plans to launch a stablecoin pegged 1:1 to the US dollar (USD). Ripple Enters Booming Stablecoin Market According to the company’s announcement on Thursday, the stablecoin’s reserves will consist of US dollar deposits, short-term US Treasury bills, and other undisclosed cash equivalents.All of these will be audited by a third-party accounting firm.Ripple plans to publish monthly certifications to ensure transparency.
The outlook for Binance Coin (BNB) has turned cloudy, with both futures market data and technical indicators flashing bearish signals.Based on our analysis of Coinglass data, negative funding rates and declining open interest in BNB futures contracts paint a picture of growing pessimism among traders.Related Reading: XRP Battle Cry: Must Rally 70% To Reconquer $1 Peak After Market Turmoil A negative funding rate suggests that more traders are holding short positions, anticipating a decline in the price of the asset.
The Fantom (FTM) supply on exchanges has been rising in recent times, leading to speculations for what this might mean for the price of the cryptocurrency.Going by trends in the crypto market of when the exchange balances of a particular coin goes up, there might be some pain ahead for FTM investors.Fantom Supply On Exchanges Rise By 16 Million The Fantom price had increased over the last month to reach a new three-year high above $1.
In the early US hours, Arkham Intelligence reported that the United States government had transferred over $90 million worth of Bitcoin and Ethereum, previously seized from two Estonian nationals involved in a vast cryptocurrency fraud and money laundering scheme.This move captured the attention of the cryptocurrency community, just days after the transfer of approximately $2 billion in Bitcoin related to the infamous Silk Road marketplace.Arkham Intel, utilizing its advanced tracking technology, noted that just two hours ago, the US government executed multiple transactions involving the seized digital assets.
The price of XRP, the native token used on RippleNet for cross-border payments, has remained stubbornly below the coveted $1 mark for months.This, despite a broader cryptocurrency bull run that began roughly six months ago.While some analysts predict a swift surge to bridge the gap, others remain cautious due to ongoing legal battles and a volatile market.Related Reading: Fear Grips XRP Market As Liquidations Top $6 Million – Details Currently, XRP hovers around $0.
On Tuesday, the crypto market was off guard when Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) experienced a significant outflow.This marked the first time since the introduction of spot Bitcoin ETFs in the United States that one of the “Newborn Nine” surpassed the outflows of Grayscale’s Bitcoin Trust (GBTC).On April 2, ARKB saw outflows of $87.5 million, approximately 1,300 BTC, as reported by Farside Investors, while Grayscale recorded a daily outflow of $81.
BNB price is attempting a fresh increase from the $545 zone.The price could gain bullish momentum if it clears the $585 and $590 resistance levels.BNB price started a fresh increase after it found support near the $545 zone.The price is now trading above $560 and the 100 simple moving average (4 hours).There is a key contracting triangle forming with resistance near $585 on the 4-hour chart of the BNB/USD pair (data source from Binance).
Ethereum price is struggling to recover above the $3,360 resistance zone.ETH is now showing signs of more losses below the $3,300 and $3,250 levels.Ethereum is facing many hurdles near the $3,350 and $3,360 levels.The price is trading below $3,350 and the 100-hourly Simple Moving Average.There was a break below a rising channel with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken).The pair could extend losses if there is a close below the $3,200 support zone.
Bitcoin price is struggling to recover above the $67,000 zone.BTC could gain bearish momentum if there is a close below the $64,500 level.Bitcoin is facing many hurdles near the $66,500 and $67,000 levels.The price is trading below $67,000 and the 100 hourly Simple moving average.There is a major bearish trend line forming with resistance near $66,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is now at risk of a downside break below the $64,500 support zone.
A new rug pull alert sounded on Tuesday after crypto detective ZachXBT unveiled on-chain details of an alleged hack suffered by an NFT project last month.The project’s CTO announced that a response was in the works but ultimately vanished as criticism grew.Related Reading: Trezor X Account Hacked: How Much Was Taken In The Fake Crypto Presale? Nuddies NFT, A Hack Or Rug Pull? On-chain sleuth ZachXBT revealed the alleged misuse of funds by the CTO of NFT project Nuddies NFT.
In the first quarter of 2024 (Q1), memecoins emerged as the most profitable crypto narrative, delivering massive average returns of 1312.6% across its top tokens, according to a recent study and report conducted by CoinGecko.This figure far surpassed the returns of other narratives, highlighting the growing popularity and frenzy surrounding memecoins in the cryptocurrency market.RWA Vs Memecoins Three newly launched tokens were among the top 10 memecoins by market cap at the end of the quarter: Brett (BRETT), BOOK OF MEME (BOME) and Cat in a dogs world (MEW).
Amid the bearish pressure witnessed in the price of Bitcoin, Captain Faibik, a popular cryptocurrency analyst and trader, has identified the potential for a significant rebound that could send BTC to an unprecedented level before the end of April.Bitcoin Might Be Poised For New Peak This Month Bitcoin is presently exhibiting a downward pressure on low timeframes, falling to the $65,000 price level after briefly touching $71,000 on Monday.Despite the adverse price action, Captain Faibik is confident there will be an uptick in the price of BTC this month.
Wormhole, a cross-chain communication protocol enabling the transfer of assets between blockchains, recently launched an airdrop campaign for its newly issued governance token, W.Early users were rewarded with 617 million W tokens, and the protocol also released a roadmap outlining its plans.Wormhole Protocol Unveils Roadmap According to the protocol’s roadmap, W aims to become a native multi-chain token, leveraging the advantages of both the Solana and Ethereum Virtual Machine (EVM) chains.
Crypto analyst Egrag Crypto has stated that a breakout could be on the horizon for the XRP price.He also outlined price targets that the crypto token could hit if this price breakout were to happen successfully. XRP Price Could Rise To As High As $0.78 Egrag mentioned in an X (formerly Twitter) post that the next price target for XRP is between $0.702 and $0.786.However, the crypto analyst failed to give a timeline for when this price breakout could happen.
Data shows that Bitcoin investor sentiment has cooled to the lowest level since February, something that could facilitate a rebound in the price.Bitcoin Fear & Greed Index Now Points At Just ‘Greed’ The “Fear & Greed Index” is an indicator created by Alternative that tells us about the general sentiment among investors in the Bitcoin and broader cryptocurrency sector.This metric uses a numeric scale from zero to hundred to represent the sentiment.
A crypto analyst has identified a key technical indicator in the Shiba Inu price chart that suggests that the cryptocurrency is set to witness a major price rally to new highs. Asymmetrical Triangle Signaling SHIB Price Surge Appears A crypto analyst identified as Captain Faibik on X (formerly Twitter) has unveiled a distinctive technical pattern in Shiba Inu’s price chart.Sharing a 6-hour chart of Shiba Inu’s native token, SHIB against Tether (USDT), the analyst revealed an asymmetrical triangle pattern, which indicated that the cryptocurrency may enter a bullish trend during the first two weeks of April.
Bitcoin prices are volatile, recently dropping from the peak of over $73,000 in March to the current spot levels.Analysts are turning to historical data for insights with mounting selling pressure and some investors being concerned about potential short-term losses.This historical analysis is crucial in determining whether we’ve reached a market top or if this is just a temporary pause before the trend resumes.Will The Depth Of This Correction Depend On This?
The Bitcoin price took a sharp downturn recently, dipping below $67,000 and raising concerns among investors.However, a crypto analyst has encouraged the crypto community to buy more Bitcoin at this time, suggesting that the decline presents an opportunity to acquire BTC at a lower price. Bitcoin Decline Signals Prime Buying Opportunity Michael van de Poppe, a popular crypto analyst and enthusiast, has remained optimistic about Bitcoin’s future outlook, urging the broader crypto community to view the cryptocurrency’s recent dip as a buying opportunity.
The cryptocurrency market continues to feel the tremors of a brutal April Fools’ Day price crash, with XRP taking a significant hit.In the last 24 hours, a staggering $6 million in XRP contracts were liquidated, according to Coinglass data.This liquidation frenzy can be attributed to the sharp price decline experienced by XRP on April 1st.The new month began with XRP trading around $0.61.However, a domino effect triggered by Bitcoin’s plunge below $67,000 sent shockwaves through the market, dragging down XRP along with other major cryptocurrencies.
Ethena Labs’ new governance token, ENA, is witnessing a staggering 60% increase in its value, shortly after its introduction to the market.The spike in ENA’s price to approximately $0.96 has catapulted its market capitalization to nearly $1.34 billion, ranking ENA as the 80th largest cryptocurrency by market cap.This ascent followed Ethena’s strategic distribution of 750 million ENA tokens, representing 5% of its total supply, through an airdrop to holders of its USDe token.
Bitcoin ETF outflows are on the rise once again after a change in the tide last week.These outflows, given the ETFs’ correlation with the Bitcoin price, have a substantial impact on how well the cryptocurrency performs over time.So, as outflows are ramping up, will it trigger a crash in the BTC price? ARK Invest And Grayscale Lead Outflows While Grayscale’s Spot Bitcoin ETF has been the natural culprit for ETF outflows due to its high fees, another fund has joined the trend in a surprising turn of events.
Shiba Inu (SHIB), the popular dog-themed meme coin, is experiencing conflicting signals amidst the recent crypto market slump.While the burn rate, a metric indicating the rate at which tokens are permanently removed from circulation, skyrocketed by over 4,000% in the past 24 hours, the token’s price continues to decline.Related Reading: Canine Comeback? KNINE Brushes Off 50% Loss, Gets Listed On Major Exchange This surge in burning activity, primarily attributed to the destruction of over 154 million SHIB tokens, has ignited a spark of optimism within the SHIB community.
Recent Bitcoin price volatility in Asia has been closely linked to automated trading algorithms that monitor flows in US exchange-traded funds (ETFs).According to Bloomberg, this algorithmic trading response to daily US ETF flow data is causing pronounced swings in Bitcoin prices during Asian trading hours.Trading Algos Spoil The Bitcoin Price The trigger for Bitcoin’s steep decline, marking its worst drop in a month, was observed on Tuesday morning in Asia.This downturn coincided with the release of US ETF flows data, which indicated a net withdrawal of investments.
XRP price is struggling below $0.620.The price must stay above the $0.5680 support to attempt a fresh increase in the near term.XRP is slowly moving lower from the $0.6620 resistance zone.The price is now trading below $0.620 and the 100 simple moving average (4 hours).There is a major bearish trend line forming with resistance near $0.600 on the 4-hour chart of the XRP/USD pair (data source from Kraken).The pair could gain bearish momentum if there is a close below the $0.
Ethereum price extended its decline below the $3,320 support zone.ETH is now consolidating and might start a fresh increase if it clears $3,320.Ethereum remained in a bearish zone and traded below the $3,320 support zone.The price is trading below $3,400 and the 100-hourly Simple Moving Average.There is a major bearish trend line forming with resistance near $3,320 on the hourly chart of ETH/USD (data feed via Kraken).The pair could gain bullish momentum if it settles above the $3,320 resistance zone.
Bitcoin price extended its decline below the $65,000 support zone.BTC is now consolidating losses and might attempt a recovery wave toward $67,000.Bitcoin price declined further below the $65,500 and $65,000 levels.The price is trading below $67,500 and the 100 hourly Simple moving average.There is a key bearish trend line forming with resistance near $67,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could recover but the bears might remain active near $67,000.
Renowned venture capitalist and Bitcoin advocate Anthony Pompliano has recently sparked discussions with his post on X addressing the predictions of Bank of America.According to Pompliano’s post, the US government may face a $1.6 trillion annual interest payment by December, should the Federal Reserve persist with its current monetary policies.This projection has ignited speculation among market observers, with suggestions pointing to a scenario that heralded inflation in the US economy.Related Reading: Bitcoin Traders Spread “Buy The Dip” As BTC Plunges Below $66,000 Notably, Bitcoin is emerging as a focal point in discussions, touted by some as a potential hedge against inflation and a contender for the future standard of currency if the US dollar falters.
The cryptocurrency market has witnessed a significant surge after a prolonged bear market and the intensified crypto winter caused by the collapse of crypto exchanges and firms during 2022 and part of 2023. Notably, Bitcoin and other major cryptocurrencies have experienced substantial price surges, accompanied by renewed interest from institutional investors entering the market through recently approved spot Bitcoin exchange-traded funds (ETFs). Adding to the industry’s positive outlook, asset manager and Bitcoin ETF issuer, Grayscale, believes that the current state of the market indicates that the industry is in the “middle” stages of a crypto bull run.
On-chain data shows the Bitcoin supply in profit has plunged following the latest crash in the asset’s price towards the $65,000 level.Bitcoin Supply In Profit Is Now Down To Around 90% As analyst James Van Straten pointed out in a post on X, around 10% of the BTC supply is now in a state of loss.The on-chain indicator of interest here is the “Percent Supply in Profit,” which tracks the percentage of the total circulating Bitcoin supply holding an unrealized gain.
The crypto market is abuzz with speculation as the US government recently moved significantly regarding seized Bitcoin (BTC) linked to the infamous Silk Road dark web marketplace.This development comes at a critical time for the Bitcoin price, which has struggled to maintain its position above the $70,000 threshold after hitting its current all-time high (ATH) of $73,700 on March 14. As the largest cryptocurrency experiences yet another round of price correction, the movement of these seized funds has triggered intense speculation about a potential sell-off by the US government.
The price of Solana had briefly crossed $200 before tumbling back down in the last week.This move has triggered a wave of movement across the market, and whales are now showing their hands.Over the last day, there have been a number of notable whale transactions and their destinations could give an inkling as to how these large crypto investors are looking at the market right now.Solana Whales Move Hundreds Of Millions Worth Of SOL The whale movements began on Monday when the market had first begun to slow down, with the Solana price falling below $190.
Decentralized Finance (DeFi) protocol MakerDAO is considering allocating 600 million DAI stablecoins to the USDe and staked USDe (sUSDe) protocols through the DeFi lending platform Morpho Labs.The proposed allocation aims to improve risk management and maximize user incentives in the DeFi landscape.MakerDAO Sets Maximum 600 Million DAI Allocation The Spark DAI Vault, launched in 2023 as a lending platform, experienced strong demand soon after its launch, according to MakerDAO’s announcement on the protocol’s governance forum.
Ethereum (ETH) showed a notable performance throughout March.The second largest cryptocurrency hit $4,000 twice and seemed ready for lift-off to a new all-time high (ATH) while the whole crypto market soared.Quarter one (Q1) 2024 closed with important achievements for the crypto community.However, as Q2 started, Bitcoin began a correction that dragged Ethereum and the rest of the crypto market.Related Reading: Investor Alert: Ethereum Q2 Potential Promises Double-Digit Gains – Analyst Are Ethereum Bulls In Problems?
The Dogecoin (DOGE) price looks at risk of further declines as on-chain data show that the meme coin’s largest holders are securing profits.This follows DOGE’s recent price surge, which saw the crypto token rise to a new three-year high of $0.22. Dogecoin Witnesses Wave Of Profit-Taking Data from the market intelligence platform Santiment shows a drop in the number of Dogecoin holders holding between 10 million and 100 million DOGE tokens.
Altcoins like Ethereum, Cardano, Solana, and the rest might be lower at spot rates.However, according to one analyst who sees a parallel in the current formation to the 2020 market cycle, they are gearing up for a potential surge. In a post on X, the analyst says that often, after a period of accumulation and a retest of previous highs, altcoins tend to be volatile.The crypto analyst also notes that Bitcoin has pulled back from its all-time highs and is preparing for a possible retest of this level registered in March.
Data shows “buy the dip” calls for Bitcoin have spiked around social media following the plummet the asset has seen below the $66,000 level.Bitcoin Social Volume For Terms Related To Buy The Dip Has Shot Up According to data from the analytics firm Santiment, Bitcoin investors have more heavily reacted with bullish calls than bearish ones despite the sharp decline the asset has observed.The indicator of relevance here is the “Social Volume,” which tells us about the amount of discussion a given topic or term is receiving on the major social media platforms right now.
Once again, there is hope for Bitcoin (BTC) as Michael Van De Poppe, a cryptocurrency expert, has spotlighted the potential for the crypto asset’s price to reach a new all-time high before the highly anticipated Halving event commences.One Final All-Time High For Bitcoin Before Halving The price of Bitcoin is presently exhibiting new bearish activity, which might trigger negative sentiments in the market over the next few days.Despite the notable decline, Michael Van De Poppe is optimistic that BTC will attain a new height prior to Bitcoin Halving expected to occur this month’s end.