In the midst of a booming bull market, investors are eagerly seeking the next big opportunity to capitalize on the surging cryptocurrency landscape.Among the many options, three standout cryptocurrencies have emerged as top contenders: Cardano, Monero, and the innovative newcomer, Scorpion Casino.Let’s delve into the strengths of each and how they position themselves to thrive in the bullish market, with a special spotlight on Scorpion Casino’s unique approach to crypto presales.
On-chain data shows that the world’s largest stablecoin issuer, Tether, recently added more Bitcoin to its holdings.The magnitude of the purchase has caused the crypto community to speculate on why Bitcoin’s price has dipped instead when such a development is usually bullish for the crypto token. Tether Acquires 8,888 BTC Data from the blockchain analysis platform Arkham Intelligence shows that Tether acquired 8,888 Bitcoin on March 31, and the stablecoin issuer now holds almost 75,400 BTC.
In line with the broader trend in the overall crypto market, the Solana (SOL) price has fallen by 7.5% in the last 24 hours.However, according to renowned analyst Rekt Capital, there is no reason to switch to the bearish side.In a recent technical analysis, the crypto analyst highlighted that Solana is currently showing potential for an 80% price rally based on its present consolidation pattern.According to Rekt Capital, Solana is trading within what appears to be a bull flag formation, as depicted on the weekly SOL/USD chart from Binance.
Cardano (ADA) has recently emerged as a focal point of investor attention, experiencing both a surge in inflows and mounting concerns over its performance.According to the latest data from CoinShares, Cardano-centric investment products witnessed a staggering $1.1 million influx over the past week, marking a notable reversal from the $3.7 million outflows recorded just a week prior.Related Reading: Investor Alert: Ethereum Q2 Potential Promises Double-Digit Gains – Analyst Cardano Sees Massive Inflows This sudden influx catapults Cardano to the forefront of investor interest in similar products, reflecting a growing prominence for the cryptocurrency within the crypto investment landscape.
The Bitcoin market has witnessed a significant downturn, with prices plummeting below the $66,000 mark.This abrupt -5.6% price movement can be attributed to four major factors: a long liquidation event, a rising US Dollar Index (DXY), profit-taking by investors, and spot Bitcoin ETF outflows.#1 Long Liquidations The main force leading to today’s downturn in Bitcoin’s price was a significant deleveraging event characterized by an unusually high level of long liquidations.Before the downturn, Bitcoin’s Open Interest (OI) Weighted Funding Rate was unusually high, indicating that leveraged traders were paying premiums to maintain long positions in anticipation of future price increases.
Ethereum investors are navigating the second quarter of 2024, cautiously embracing optimism, leveraging insights from historical trends and market data to anticipate potential gains.Related Reading: XRP And XLM Blast: Analyst’s 20X Rally Projection To ‘Melt Faces’ Santiment’s recent analysis reveals that the number of Ethereum addresses holding coins has reached highs of more than 118,000, with midterm MVRV suggesting a mild bullish signal.These indicators, combined with past data indicating Ethereum’s tendency for robust performance during Q2, fuel hopes for another season of positive returns.
In the ever-evolving world of cryptocurrency investments, technical analysis continues to play a significant role in shaping investor sentiment and market trends.Amidst the volatile landscape, one analyst, known as Charting Guy, has garnered attention for his bold predictions regarding the future of two prominent digital assets: XRP and Stellar (XLM).Will XRP Rally “Melt” Faces? Charting Guy’s recent tweet has made waves, declaring that investors in XRP and XLM will soon witness “melting faces” as he identifies a potential $13 movement.
Dogecoin is correcting gains from the $0.230 zone against the US Dollar.DOGE must stay above the $0.1750 support zone to start a fresh increase.DOGE struggled to stay above $0.225 and corrected gains against the US dollar.The price is trading above the $0.1750 level and the 100 simple moving average (4 hours).There was a break below a key bullish trend line with support at $0.2040 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).
Ethereum price faced rejection and dropped from the $3,650 zone.ETH retested the $3,320 support and might start another increase.Ethereum started another decline and traded below the $3,500 support zone.The price is trading below $3,500 and the 100-hourly Simple Moving Average.There is a key bearish trend line forming with resistance near $3,420 on the hourly chart of ETH/USD (data feed via Kraken).The pair could gain bullish momentum if it settles above the $3,450 resistance zone.
Bitcoin price started another decline from the $70,000 resistance zone.BTC is down over 5% and there was a move below the $67,500 support.Bitcoin price is gaining bearish momentum from the $70,000 resistance zone.The price is trading below $68,500 and the 100 hourly Simple moving average.There is a key bearish trend line forming with resistance near $68,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could extend its decline toward the $64,000 support zone in the near term.
In a recent interview with ABC News, Sam Bankman-Fried (SBF), the co-founder and former CEO of the now-bankrupt cryptocurrency exchange FTX, spoke about his remorse and plans for an appeal following his recent 25-year prison sentence for fraud.FTX Co-Founder Admits Errors Bankman-Fried, currently held at the Metropolitan Detention Center in Brooklyn, shared his reflections on the unfolding events.He admitted to making several “bad decisions” in 2022 that led to FTX’s insolvency.
Bitcoin (BTC) has been making waves with its steady climb towards setting a new all-time high (ATH), currently finding a foothold at the $68,000 zone.This level of performance represents a culmination of investor confidence, market dynamics, and underlying economic factors that paint a broader picture of the digital currency’s “resilience and appeal.” Crypto analyst Ali has recently shed light on a critical juncture in Bitcoin’s journey, identifying a significant resistance level that could influence its short-term price movements.
Litecoin (LTC) has shown a notable performance in the first quarter of the year, reaching over 30 million transactions by March 30.Last year, this feat was achieved around July when LTC traded at around $113.The US Commodity Futures Trading Commission (CFTC) recently classified Litecoin as a commodity alongside Bitcoin and Ethereum.The designation and rumors of a Litecoin exchange-traded fund (ETF) sparked bullish sentiment.Analysts and investors have forecasted a strong performance for the token.
Founder and Chief Executive Officer (CEO) of Morgan Creek Capital Management, Mark Yusko has predicted a massive price increase for Bitcoin during the 2024 bull cycle.Emphasizing Bitcoin’s immense potential, the hedge fund manager has crowned it as the unrivaled “King” among digital assets.$150,000 Price Target Set For BTC Appearing in a recent interview with CNBC Television on March 27, Yusko shared a bold forecast of Bitcoin, predicting that the cryptocurrency will see a significant rise to $150,000 in 2024.
Telegram, the renowned messaging platform, recently unveiled a new feature that allows users to promote their channels through advertising.With the launch of this feature, users can now purchase ad space using Toncoins (TON), the native cryptocurrency powered by the TON blockchain.Telegram Implements TON Blockchain For Ad Payments Acknowledging the potential for channel owners to generate advertising revenue, Telegram’s announcement highlighted that channels collectively accumulate over 1 trillion views each month. Realizing this opportunity, Telegram has implemented a revenue-sharing model, enabling channel owners with a minimum of 1000 subscribers to receive 50% of the ad revenue generated from ads displayed on their channels.
The Bitcoin Halving is fast approaching, with less than 2,900 blocks left before miners’ rewards are cut in half.This event, projected to take place sometime in April, is significant as Bitcoin’s price could enjoy a parabolic move to the upside after it takes place. Bitcoin Halving Set For April 19 Data from Coinwarz shows that the Bitcoin Halving is set to take place on April 19 at Block 840,000.This projection is based on Bitcoin’s current block time average, which means the Halving can come a little earlier or sometime after April 19.
A quant has explained that the past pattern in the Bitcoin taker buy-sell ratio metric may suggest the best window to start selling the asset.Bitcoin Taker Buy Sell Ratio May Reveal Selling Opportunities In a CryptoQuant Quicktake post, an analyst discussed the trend in the Bitcoin “taker buy sell ratio.” This indicator keeps track of the ratio between the Bitcoin taker buy and taker sell volumes.When the value of this metric is greater than 1, the investors are willing to purchase coins at a higher price right now.
All eyes look to be on the flagship crypto, Bitcoin, ahead of the Bitcoin Halving, as market analysts predict further upside moves for the crypto token.However, crypto analyst Jason Pizzino recently made a strong case for altcoins like Ethereum (ETH) and Solana (SOL) and why much focus should also be placed on them. Ethereum And Solana Still Primed For Strong Moves Ahead Of Bitcoin Pizzino suggested in a video on his YouTube channel that Ethereum could experience a breakout in the coming months.
Bitcoin Cash (BCH) is stirring excitement in the cryptocurrency community after respected analyst Rekt Capital posted a potentially game-changing analysis.The analysis suggests BCH might be on the cusp of overcoming a long-standing downtrend and achieving a “monumental milestone.” Related Reading: Shiba Inu (SHIB) Slumps As Whale Sell-Off Dampens Momentum – Details For BCH enthusiasts, this potential breakout represents more than just a technical victory.It could be a turning point that ushers in a new era for the cryptocurrency.
On-chain data suggests traders haven’t been showing FOMO towards Dogecoin despite the latest rally, a sign that could be positive for its continuation.Dogecoin Total Amount Of Holders Has Remained Flat Recently According to data from the on-chain analytics firm Santiment, FOMO, which would normally be associated with tops, has been absent from the Dogecoin market recently.The indicator of relevance here is the “Total Amount of Holders,” which, as its name suggests, keeps track of the total number of DOGE addresses that are carrying a non-zero balance right now.
Bitcoin has started out the new week on a rather bearish note after a flash crash sent the price below $69,000 once more.There has since been some recovery in the price of the largest cryptocurrency in the space.However, the damage has already been done as tens of thousands of crypto traders were flushed out of their leveraged positions as a result.81,000 Crypto Traders Lose $220 Million The Bitcoin flash crash hit support just above $68,800 but crypto traders are already feeling the brunt of the large move.
Popular cryptocurrency analyst and enthusiast Rekt Capital has delved into the recent performance of Bitcoin (BTC) citing the beginning of a breakout process from a weekly range that could possibly lead to an upswing.Bitcoin Begins The Breakout Process Rekt Capital previously highlighted that Bitcoin has been wedged within a weekly range he dubbed Black-Black, ever since it witnessed about 18% correction.The candle-bodied peak from 2021 and the upside-wicking peak from 2021 basically created this weekly range.
Core DAO (CORE), the cryptocurrency behind the Core blockchain, has seen its price skyrocket by 220% over the last week, marking a significant milestone in its market performance.As of the last 24 hours, CORE has seen an additional 63% increase, accumulating a staggering 350% gain in just nine days.This rally has elevated Core DAO to the 55th position among all cryptocurrencies by market cap.What Is Core DAO? Core DAO operates on the Core blockchain, a Layer 1, EVM-compatible platform that supports the Bitcoin network by offering a secondary BTC block reward.
Dogecoin, a frontrunner in the meme coin genre of crypto, is showing bullish signals on its technical charts that could indicate an impending rally, according to noted crypto analyst Ali Martinez.Via X, he stated: I feel my fellow degens have been distracted with the new shiny memecoins, but Dogecoin remains the most important altcoin in this sector.From a technical perspective, DOGE seems to mirror the 2018-2021 pattern.If so, DOGE could be at the very beginning of a massive parabolic bull run!
XRP holders are facing mixed signals.While the digital asset boasts nearly 20% in gains over the past year, significantly outperforming traditional savings accounts, its recent performance pales in comparison to other cryptocurrencies.Related Reading: Reality Check: MATIC Investors Count Losses – More Headaches Ahead? After a substantial decline, the altcoin’s price has now entered a phase of sideways consolidation, making market players unsure of its future course.It appears like the cryptocurrency will likely stay stuck in a narrow range until there is a breakout in either way.
Litecoin price is up over 10% and trading above $105 against the US Dollar.LTC could continue to rise toward the $120 resistance zone in the near term.Litecoin is showing positive signs from the $95 support zone against the US Dollar.The price is now trading above $105 and the 100 simple moving average (4 hours).There is a key bullish trend line forming with support at $101.50 on the 4-hour chart of the LTC/USD pair (data feed from Kraken).
Ethereum price is signaling positive moves above the $3,550 zone.ETH could gain bullish momentum if it clears the $3,650 resistance zone in the near term.Ethereum started another increase from the $3,500 support zone.The price is trading above $3,550 and the 100-hourly Simple Moving Average.There is a key bullish trend line forming with support at $3,550 on the hourly chart of ETH/USD (data feed via Kraken).The pair could gain bullish momentum if it settles above the $3,650 resistance zone.
Bitcoin price is consolidating above the $70,000 resistance zone.BTC might remain in a range for some time before the bulls attempt a move toward $75,000.Bitcoin price is struggling to gain pace above the $71,500 resistance zone.The price is trading above $70,500 and the 100 hourly Simple moving average.There is a short-term rising channel forming with support at $70,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could soon start a fresh rally if it clears the $71,500 resistance zone.
The $0.00003 price level has remained a critical point for Shiba Inu in the past few days.A recent market tug-of-war between bulls and bears has seen the meme coin particularly struggling to hold above $0.00003 in the past two days.This has led to uncertainty about the crypto’s direction as we break into a new month as a breakdown below the figure could lead to an extended price reversal. Related Reading: From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory However, the majority of SHIB holders continue to hold onto bullish sentiment as the cryptocurrency is still doing well in a larger timeframe.
Polygon’s native token, MATIC, finds itself at a crossroads as it grapples with price volatility amidst an impending network upgrade and challenges surrounding Total Value Locked (TVL).In the past week, MATIC has witnessed a notable downturn in price, slipping by 4.44% according to data from CoinMarketCap.Despite earlier optimism that drove MATIC close to the $2 mark, the token has encountered resistance at the $1 level, with bullish momentum struggling to gain traction amidst prevailing market conditions.
XRP, the native token of Ripple, has become a hot topic in the crypto market, not for its recent price surge, but for its lack thereof.Despite a booming market that saw Bitcoin and Ethereum climb significantly, XRP remains stagnant, raising concerns among investors.However, a recent prediction by Andrew Forte, a crypto strategist, has reignited discussions about XRP’s potential, with a target of a staggering $100 per token by 2037.Related Reading: From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory Will XRP Hit $100?
AVAX, the native token of the Avalanche protocol, presented a mixed experience for investors in the month of March.The altcoin initially rose by over 64% to trade above $65 for the first time since May 2022 before declining by 18.44% in the last two weeks. Unsurprisingly, AVAX’s price movement has drawn much attention from investors and market experts alike.Notably, a popular crypto analyst with the X handle Rekt Capital has advised against panic, stating the recent decline of the altcoin could prove to be rather beneficial for investors.
The Dogecoin open interest has been on the rise over the past few weeks, breaking and setting new all-time highs twice this March.Unsurprisingly, the price of the meme coin has been reflecting the growth seen by its open interest.This recent bullish momentum pushed the price of DOGE to break the $0.22 mark, its highest point in three years.However, the question is – how far can this rally go for the foremost meme token?
Panelists at global fintech company Finder have relayed a series of projections on the Cardano native token ADA.Despite the cryptocurrency’s slow growth recently, various crypto experts have predicted the price of ADA to surge to record highs soon. Cardano Expected To Rise Above $3 by 2030 A recent survey of panelists at Finders has revealed the future outlook for the price of ADA.According to the report, Cardano is expected to witness a significant surge between the average of $5.
Litecoin (LTC), the “silver” to Bitcoin’s “gold,” has surged in recent weeks, buoyed by a combination of technical factors, strong investor interest, and strategic accumulation by miners.The LTC price jumped 12% in the past 24 hours, reaching $106.40.This uptick follows a 40% year-to-date gain, with most of the growth concentrated in the last week.Daily trading volume has also skyrocketed by 175%, indicating a significant influx of investors into the Litecoin market.
Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark.On-chain data has shown a large part of this surge can be attributed to the accumulation by large whales. Bitcoin is undoubtedly home to a lot of these whale addresses holding hundreds of millions of dollars and with transactions that can move the market.However, on-chain data has further revealed that the accumulation trend has also flowed into the next cohort of traders.
The Solana network’s native cryptocurrency, SOL, has been on an upward surge in the past three days, climbing from around $180 to over $210.Having failed to break its previous low of $162.74, the coin, which is currently ranked 5th in the crypto market with a total supply of 441 million and a market capitalization of over $88 billion, SOL is showing no signs of stopping.Will Solana Continue To Surge Upward? At the time of writing, Solana has been up by 6.
The price of Dogecoin (DOGE) recently broke a 3-year high after rising to $0.22.This move continues the remarkable run made by the foremost meme coin and has strengthened the belief that DOGE could increase to $1 before the end of this bull run. Related Reading: Bullish Winds Blow: Bitcoin Bull Flag Points To New $77,000 ATH: Analyst Interest In Dogecoin Set To Skyrocket With Coinbase Listing Bitcoinist reported that the foremost US crypto exchange, Coinbase, had finalized plans to introduce the meme coin to its futures contract offerings.
The Bitcoin price has experienced a notable resurgence over the past week, drawing parallels to the optimism often associated with Holy Week among Christians.This renewed momentum has infused the entire market, leading to significant profits for other major cryptocurrencies in the last seven days.The resurgence of the Bitcoin price seems to be at its nascent phase, with a popular crypto pundit on the X forecasting a bullish trajectory for the premier cryptocurrency over the coming days.
Over the last week, Bitcoin (BTC) investors enjoyed much profit as the crypto asset gained 9.34% to trade above $71,000 based on data from CoinMarketCap.Currently, most of the BTC market is highly expectant of the potential large price gains that the current bull cycle could present. However, commenting on the immediate future, Bitwise CEO Hunter Horsley has stated that the upcoming halving event – a key part of the bull cycle – could be the most significant in Bitcoin’s trading history as a result of an impending massive decline in the token’s supply.
An analyst has revealed a simple strategy for buying and selling Bitcoin using the historical pattern followed by two BTC on-chain indicators.These Bitcoin On-Chain Indicators Have Followed A Specific Pattern Historically In a post on X, CryptoQuant author Axel Adler Jr.discussed a simple strategy for timing buying and selling moves for Bitcoin.The strategy is based on the trend witnessed historically in two BTC on-chain metrics: the Net Unrealized Loss (NUL) and Net Unrealized Profit (NUP).
Cardano (ADA), the proof-of-stake blockchain platform, has made notable progress in technological advancements, according to Input Output Hong Kong (IOHK), the engineering firm behind the Cardano blockchain.IOHK’s recent announcement highlights crucial improvements across various aspects of the platform, signaling further growth and development for Cardano.Cardano Smart Contract Optimization One significant area of improvement lies within the ledger team, which has reportedly enhanced test frameworks and data quality in the Newconstraints phase3.
A cryptocurrency analyst has predicted a massive price surge for XRP, anticipating the cryptocurrency to witness a more than 600% increase.Despite its historically sluggish growth, XRP has begun to gather momentum, showing potential to experience major price growth during the 2024 bull run. Price Projected To Soar Above $5 A crypto analyst identified as Egrag Crypto has taken to X (formerly Twitter) to predict an exponential price surge for XRP.According to Egrag Crypto XRP is “guaranteed” to experience a 600% to 1000% increase to new all-time highs around $5.
Memecoins are again in the spotlight as some of the most popular dog-themed tokens performed remarkably during this bull cycle.Dogwifhat (WIF), Floki Inu (FLOKI), and Dogecoin (DOGE) have done impressive numbers this month.WIF’s market capitalization skyrocketed to almost $4 billion, surpassing PEPE and taking third place as the largest memecoin in the market by this metric.Related Reading: Analysts Bullish On FLOKI As Price Surges 9.8%, New ATH Soon? Hats On, Is WIF Going To The Moon?
Crypto expert Rekt Capital has suggested that Shiba Inu (SHIB) could follow a similar trajectory to its move back in 2021.If so, this sets up the crypto token for a parabolic move that could see it hit its all-time high (ATH) and even surpass it. 2024 Shiba Inu To Mirror 2021 Action Rekt Capital mentioned in an X (formerly Twitter) post that SHIB’s retest was successful and that history was repeating itself.
On-chain data shows Coinbase has just witnessed its largest USD Coin (USDC) inflow.Here’s why this may be relevant for Bitcoin.Coinbase Has Just Seen A $1.4 Billion USDC Inflow As pointed out by analyst Maartunn in a post on X, a large amount of USDC has flowed into Coinbase during the past day.The on-chain indicator of interest here is the “exchange inflow,” which keeps track of the total amount of a given asset entering into the wallets associated with a centralized exchange or group of platforms.
The outflows from the Grayscale Bitcoin ETF rocked the market hard last week, leading to a dramatic decline in the BTC price.However, with the new week, there has been a change in direction as investors begin to get bullish on Bitcoin once more.As a result, the outflows from the Grayscale ETF have slowed down, reaching one of its lowest points for the month.Grayscale Bitcoin ETF Outflows Drop 60% Grayscale outflows ramped up last week, spearheading what would turn out to be a full week of outflows from Spot Bitcoin ETFs for the first time ever.
One analyst on X thinks Bitcoin bulls may be in for a treat in the coming months after one key indicator printed a buy signal for the first time in nearly a decade.While pointing to a bullish crossover on the 2-month chart’s Golden Moment Indicator, the analyst said the signal is again flashing green in almost nine years. Further cementing this outlook, this is forming as yet the Supertrend indicator, which has historically preceded every major Bitcoin uptrend, is also bullish.
Amid the recent momentum displayed by the meme-inspired cryptocurrency Dogecoin (DOGE), Rekt Capital, a crypto trader and analyst, has identified a new trend that could propel DOGE’s price to the $0.3 price mark in the short term.Dogecoin (DOGE) Inititate New Macro Uptrend Over the past few weeks, Dogecoin has been performing fairly well, triggering optimism and expectations for more price growth.Due to this, the top meme currency in the world in terms of overall market valuation has always generated discussion within the sector.
Ethereum has, for the most part, established a foothold above the $3,500 price level throughout the week as investors continue to anticipate a return to the $4,000 mark.Interestingly, the optimism has seen the open interest of Ethereum surging to new highs.The surge in open interest, although a bullish sentiment indicator, can also serve as a bearish signal of an impending change in market trend. Ultimately, this metric added to the current dynamics of the Ethereum ecosystem, including regulatory uncertainty and scalability concerns hinting at a complicated price trajectory for the price of Ethereum.
Popular crypto analyst Xremlin, known on social platforms as @0x_gremlin, told his 104,000 followers that the altcoin season in 2024 could eclipse the monumental gains seen in 2021.Reflecting on the historical significance of major exchange listings, Xremlin emphasized, “Altseason 2024 > Altseason 2021.Your bags are headed to Valhalla.” During the 2021 altseason, altcoins such as Polygon (MATIC) and Solana (SOL) saw a staggering 300x increase, largely attributed to listings on Tier-1 centralized exchanges (CEXs) like Binance and Coinbase, according to him.
Retail and institutional investors alike are taking notice as Dogecoin (DOGE), the playful cryptocurrency born from internet fame, experiences a surprising surge.Prices jumped almost 10% in a single day this week, marking a 37% increase over the past seven days, according to CoinGecko.This unexpected rally has the “Doge army” howling with excitement, but experts caution that the future of this meme-inspired coin might not be all sunshine and rainbows.DOGE up nearly 10% in the last day.
Charles Edwards, founder of the Bitcoin and digital asset hedge fund Capriole Investments, published a detailed examination of Bitcoin’s current market phase suggesting a bullish trajectory, potentially reaching the $100,000 mark.The analysis hinges on the identification of a Wyckoff ‘Sign of Strength’ (SOS), a concept derived from the century-old Wyckoff Method that studies supply and demand dynamics to forecast price movements.Understanding The Wyckoff ‘SOS’: Bitcoin To $100,000? The Wyckoff Method, developed by Richard D.
Bitcoin (BTC) is poised for a potential surge after forming a bullish technical pattern and attracting a wave of institutional investment.The world’s leading cryptocurrency recently surpassed the $70,000 mark, setting the stage for a possible breakout that could eclipse its current all-time high of $73,750.Related Reading: From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory This optimistic outlook comes from analyst Ali Martinez, who identified a bull flag pattern on Bitcoin’s 4-hour chart.
XRP price is holding gains above the $0.60 zone.The price could gain bearish momentum if there is a close below the $0.570 support zone.XRP is facing a major hurdle near the $0.6580 zone.The price is now trading below $0.640 and the 100 simple moving average (4 hours).There is a key bearish trend line forming with resistance near $0.640 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 is holding gains above the $3,500 zone.ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term.Ethereum retested the $3,450 and is currently moving higher.The price is trading above $3,500 and the 100-hourly Simple Moving Average.There was a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH/USD (data feed via Kraken).The pair could gain bullish momentum if it settles above the $3,680 resistance zone.
Bitcoin price is again rising above the $70,000 resistance zone.BTC seems to be setting up for a steady increase above the $71,500 resistance zone.Bitcoin price is climbing higher and above the $70,000 resistance zone.The price is trading above $70,500 and the 100 hourly Simple moving average.There is a crucial bullish trend line forming with support at $70,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could soon start a fresh rally if it clears the $71,500 resistance zone.
An analyst has explained that a breakout from a bull flag pattern could lead Bitcoin to surging towards a new all-time high of $77,000.Bitcoin Has Been Forming A Bull Flag Pattern Recently In a new post on X, analyst Ali has discussed about a bull flag recently forming in the 4-hour price of the cryptocurrency.The “bull flag” here refers to a pattern in technical analysis that, as its name implies, looks like a flag on a pole.
Shiba Inu has gone on various price spikes in the past few months amidst a surge in activity and interest in the meme coin.This price movement has prompted traders and analysts to ponder on when SHIB can reach the much coveted $0.0001 mark, a price level which it has largely failed to reach despite the impressive price action. Micheal_EWPro, a crypto analyst, posted an analysis on when SHIB could potentially reach the $0.
Floki Inu (FLOKI) performed stellarly this month, with crypto analysts and traders forecasting bullish moves for the token.As the crypto market recovers from its slowdown, with Bitcoin (BTC) leading the way, the dog-themed token appears to be preparing to take off.Related Reading: Dogecoin Soars 17% To Break $0.21 As Volume Explodes Analysts Share Bullish Forecasts For FLOKI’s Future Two weeks ago, analysts considered that FLOKI was showing a strong performance amid the crypto market slowdown.
Dogecoin has soared toward a new record in one notable metric as interest in the meme coin continues to surge.This time around, the holder base of the cryptocurrency has reached a new all-time high, signaling rapid adoption among crypto investors.Dogecoin Holders Cross 6.9 Million The month of March has come with glad tidings for Dogecoin.Not only has the meme coin’s price risen tremendously this month, its holder base has also seen a lot of growth.
In a new development, VeChain (VET) has announced the introduction of its latest No-Code Tokenized Asset Marketplace-as-a-Service platform (MaaS), fueling optimism within the community of an impendent price uptick.The announcement also featured the collaboration of the MotoGP racing team Gresini Racing as its first enterprise client.By collaborating with Gresini Racing, an enormous fan base will be offered digital collectibles through the MaaS platform.VeChain To Onboard A Rapid Tokenizing World With the launch of its No-Code Tokenized Asset Marketplace (MaaS) platform, VeChain has made tremendous progress toward increasing mass adoption of blockchain technology.
In a highly anticipated courtroom verdict, Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding users.US District Judge Lewis Kaplan delivered the judgment during a Lower Manhattan federal courtroom hearing.Related Reading: The Bulls Are Back: Spot Bitcoin Inflows Surge With New Records FTX Founder Sam Bankman-Fried Sentenced Judge Kaplan sternly criticized the defense’s argument, labeling it as “misleading, logically flawed, and speculative.
Ki Young Ju, the founder of CryptoQuant, a blockchain analytics firm, has noticed a curious trend.In a post on X, the founder shared a snapshot suggesting that Bitcoin “old whales” might be shifting their holdings to “new whales,” mainly traditional finance heavyweights like Fidelity and BlackRock.The United States Securities and Exchange Commission (SEC) recently approved these new whales to list spot Bitcoin exchange-traded funds (ETFs) for all investors. “Old Whales” Moving Coins: Selling Or Risk Mitigation?
Bitcoin bulls look to be firmly back in the driver’s seat following weeks of seeing BTC suffer a bearish sentiment with its price dips.The current bullish outlook for the flagship crypto is evident in the fact that the Spot Bitcoin ETFs are again recording an impressive amount of inflows. Spot Bitcoin ETFs Record $243 Million In Inflows Farside Investors revealed in an X (formerly Twitter) post that the Spot Bitcoin ETFs recorded $243 million in inflows on March 27.
Dogecoin has jumped 17% in the past 24 hours to break past the $0.21 barrier as on-chain data shows a significant increase in volume for the memecoin.Dogecoin Beats Market With 17% Rally In The Last Day Most of the top cryptocurrencies have seen flat returns in the last 24 hours, but Dogecoin has gone its own way as the original meme coin has enjoyed a strong rally.Related Reading: Bitcoin “Liquid Inventory Ratio” Hits All-Time Low, What It Means The below chart shows what the asset’s performance has looked like during the last few days: The price of the coin appears to have sharply soared over the past day | Source: DOGEUSD on TradingView In this latest rally, Dogecoin has surged more than 17% in the last 24 hours and has cleared the $0.
Leading the downturn today, Fantom (FTM) contributes to the 2% drop in the crypto market after weeks of growth.Related Reading: From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory Fantom is one of those altcoins that followed the broader momentum of the market.The latest market data shows that the token is down 10% in the past 24 hours, but is still on the green in the bi-weekly timeframe at 14%.
Maartje Bus, Vice President of Research at Messari, a prominent crypto market intelligence company, has declared meme coins as the Trojan Horse of the cryptocurrency space.She has highlighted their potential to foster massive adoption and increase engagement within the cryptocurrency space. Why Meme Coins Are Crypto’s Trojan Horse For Adoption Speaking at BUIDL Asia, a global developer community in Seoul, South Korea, on Thursday, March 28, Bus gave a presentation on the emerging trends in crypto in 2024.
Litecoin (LTC), the silver to Bitcoin’s gold, has enjoyed a recent price surge, leaving investors cautiously optimistic about its future trajectory.Over the past week, LTC has seen a 13% increase, with its value hovering nearly $96 at the time of writing.This bullish run has been accompanied by technical indicators suggesting a potential continuation of the uptrend, but some analysts warn of lurking risks.LTC maintains a strong weekly performance.Source: Coingecko Related Reading: Hold Onto Your Seats: XRP Primed For 90% Rally, According To Top Analyst Potential Litecoin Price Bump In The Offing One key driver of optimism is the apparent breakout from a bullish triangle pattern.
Following a week of net outflows, the spot Bitcoin ETF market has rebounded with impressive net inflows this week, highlighting a growing investor confidence in Bitcoin and its associated financial products.This week’s market activities have shown a remarkable reversal from the previous 5-day net outflow streak, with Tuesday witnessing a substantial net inflow of $480 million, followed by $243.5 million on Wednesday.Yesterday’s resurgence in investor interest was notably boosted by Blackrock’s massive inflow of $323.
XRP enthusiasts are in a frenzy after prominent community figure Chad Steingraber proposed a scenario where an XRP exchange-traded fund (ETF) could trade at a staggering 100x premium.Steingraber, a seasoned game designer, laid out his thoughts in a recent post, igniting discussions about the potential trajectory of an XRP ETF, particularly in light of the ongoing push for institutional adoption of the altcoin.Related Reading: Hold Onto Your Seats: XRP Primed For 90% Rally, According To Top Analyst Targeting A $500 XRP ETF Share Price Steingraber’s speculation centers around the price at which an XRP ETF’s shares might trade.
Bitcoin price is consolidating gains above the $69,000 support zone.BTC must clear the $71,500 resistance zone to start a steady increase.Bitcoin price is still showing positive signs and facing resistance near $71,500.The price is trading above $69,000 and the 100 hourly Simple moving average.There is a major bullish trend line forming with support at $69,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could start another increase if it clears the $71,500 resistance zone.
Cardano (ADA) has received plenty of criticism over the years, whether it’s ADA’s price performance, its founder’s personality, or its community’s “beef” with Solana.This time, the project’s marketing team made the headlines after a viral video of female Cardano users became viral on social media.The ‘Cardano Girls’ video has sparked a conversation about the project’s efforts to reach a broader audience.Related Reading: Cardano (ADA) Eyes Explosive 2000% Bull Run, Targeting $12 And Quadrupling ATH A Breath Of Fresh Air In The Community The ‘Cardano Girls’ video was uploaded by Lily Brodi, a content creator and Cardano user, and went viral in hours.
This Friday, the spotlight is turned to Deribit, the leading crypto derivatives exchange, as it gears up for a notable event in its trading history.Particularly, the exchange is poised to witness the expiration of over $9.5 billion in Bitcoin options open interest.For context, Open interest refers to the total number of outstanding derivative contracts, such as futures or options, that have not been settled or closed.It represents the number of contracts market participants hold at the end of each trading day.
The XRP price has largely left many of its enthusiasts feeling dissatisfied during this bull cycle, as it has failed to reach the $1 mark despite the bullish sentiment surrounding cryptocurrencies.However, crypto analyst EGRAG CRYPTO believes a $1 XRP price is still possible in this cycle, as he predicted a price surge in the near term.From this analyst’s technical perspective, recent price action has seen XRP forming a “W” pattern, making it ready for a massive push above $1.
As the crypto market braces for the upcoming Bitcoin (BTC) halving in April 2024, the discussion surrounding Bitcoin’s price trajectory has continued to gain momentum.Particularly, Michaël van de Poppe, a well-regarded figure in the crypto analysis domain, has shared his latest analysis on Bitcoin.Next Stop $80,000? In a post shared on X, Van de Poppe suggests that Bitcoin is on the cusp of a notable rise, eyeing a target range between $75,000 to $80,000 in the lead-up to the halving event.
The crypto community’s attention has been drawn to a Bitcoin whale who recently moved a huge portion of their BTC holdings across different wallets.This action has sparked the curiosity of those in the community about the reason for these transactions. Bitcoin Whale Moves $6 Billion In BTC Blockchain analysis platform Arkham Intelligence first brought this occurrence to the community’s attention when it mentioned in an X (formerly Twitter) post that the Bitcoin address (37XuVSE) had moved over $6 billion in BTC to three new addresses.
On-chain data shows the Bitcoin “Liquid Inventory Ratio” has dropped to an all-time low.Here’s what this could mean for the asset.Bitcoin Sell Side Liquidity Is Low Relative To Demand Right Now In a post on X, CryptoQuant founder and CEO Ki Young Ju discussed the recent trend in the Liquid Inventory Ratio for Bitcoin.The Liquid Inventory Ratio is an on-chain indicator that tells us about how the total sell-side liquidity inventory of the asset compares against its demand.
A plausible explanation has emerged for why the Cardano (ADA) price has dropped below the psychological price level of $0.7.The crypto token saw a sharp correction from its monthly peak of $0.8, recorded on March 14, and has since failed to recover such a height. Cardano Whales Responsible For Price Decline Data from the crypto analytics platform Santiment shows that the whale transaction count ($100,000 and above) on the network has reduced since March 14.
Willy Woo, an on-chain analyst, believes the Bitcoin upswing is far from over.Citing the development in the Bitcoin Macro Oscillator and the possibility of traditional finance jumping on the bandwagon (FOMO), the odds of BTC rallying in at least two strong legs up in the coming session could not be discounted. On-Chain Data Signals More Upside For Bitcoin In a post on X, Woo remains confident about what lies ahead for the world’s most valuable cryptocurrency.
The ever-vibrant Shiba Inu community is thriving once more as SHIB gains widespread recognition surpassing top cryptocurrency assets in the market to become the second most sought-after digital asset in the entire European continent, securing its stance in the crypto landscape.Shiba Inu Takes Europe By Storm XRP enthusiast and market expert Marcel Knobloch, also known as Collin Brown, reported the coin’s latest milestone on X.According to Brown, Shiba Inu has seen significant growth in its long-term investor base, taking Europe by storm by becoming the second most search crypto in the continent.
Bitcoin reaching $100,000 remains a highly feasible target, especially given the fact that the price of the cryptocurrency hit a new all-time high above $73,00 ahead of the halving.In preparation of the explosive move that is expected to follow the halving, Bitcoin whales are going all out as they fill up their wallets with BTC.Large Bitcoin Whales Buy More BTC As the Bitcoin price has retraced from its surge, large Bitcoin whales are taking advantage of the dip to buy more coins at cheap prices.
The three leading artificial intelligence blockchain projects —Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN)—are on the verge of a potential merger into a new token named Artificial Superintelligence (ASI), with the collective aim of establishing a decentralized AI behemoth.This initiative seeks to position them as formidable contenders against established tech giants such as OpenAI, Google, Microsoft, and Apple, by leveraging the intrinsic benefits of blockchain technology for AI development.Fetch.AI + AGIX + OCEAN = ASI This breaking news was positively received by the market.
Rumors regarding a potential spot Litecoin (LTC) Exchange-Traded Fund (ETF) have sparked a significant price surge, with the digital asset gaining 10% amid speculation of institutional interest.Fox Business journalist Eleanor Terrett, through a post on X (formerly Twitter), unveiled insights suggesting growing institutional intrigue towards a Litecoin ETF.Terrett shared, “SCOOP: Hearing rumblings on the institutional level about possible interest in a Litecoin ETF.The logic is that because of LTC functional similarities to BTC, the SEC may be more inclined to approve it, possibly even more so than ETH.
BNB price is attempting a fresh increase from the $500 zone.The price could gain bullish momentum if it clears the $588 and $610 resistance levels.BNB price started a fresh increase above the $520 and $540 levels.The price is now trading above $575 and the 100 simple moving average (4 hours).There is a key bullish trend line forming with support near $580 on the 4-hour chart of the BNB/USD pair (data source from Binance).
Ethereum price is showing positive signs above the $3,550 zone.ETH must clear the $3,680 resistance to continue higher in the near term.Ethereum started another increase above the $3,550 resistance zone.The price is trading above $3,550 and the 100-hourly Simple Moving Average.There is a major bullish trend line forming with support at $3,590 on the hourly chart of ETH/USD (data feed via Kraken).The pair could continue to rise if it settles above the $3,680 resistance zone.
Jelle, a well-regarded crypto analyst, recently shared via the latest post on X that Bitcoin is on the verge of a significant upward movement, potentially reaching the $100,000 mark much sooner than many have anticipated.This optimistic prediction comes when Bitcoin has shown considerable resilience, bouncing back from various challenges and solidifying its position as a leading digital asset.Related Reading: Analyst Warns Of Bitcoin Pre-Halving Retrace Echoing Troubling 2020 Trend The Bitcoin Path To $100,000 Jelle’s assertion that Bitcoin is gearing up for a significant price rally to $100,000 is supported by recent market movements and the strategic positioning of investors within the ecosystem.
Bitcoin price is consolidating gains above the $70,000 resistance zone.BTC could rally again if there is a move above the $71,500 resistance in the near term.Bitcoin price moved in a positive zone above the $66,500 level.The price is trading above $70,000 and the 100 hourly Simple moving average.There is a key bullish trend line forming with support at $68,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
Layer 1 (L1) blockchain platform Aptos has experienced a significant surge in key metrics, accompanied by a 12% price rally of its native token APT within the past 24 hours.On Tuesday, the token’s price approached its all-time high (ATH) level of $19,92, reaching above $19.APT Eyes $20 Milestone Despite the recent price correction across the broader cryptocurrency market, Aptos’ APT token has been on an impressive uptrend since early March.Over the past 30 days, the token has surged by more than 94%, showcasing its strong performance.
The positive Bitcoin Coinbase Premium that drove the latest rally above $70,000 has dissipated, suggesting buying has already slowed down.Bitcoin Coinbase Premium Gap Has Returned To Neutral Levels CryptoQuant Netherlands community manager Maartunn explained in a post on X that the Bitcoin Coinbase Premium Gap has declined back toward the neutral line.The “Coinbase Premium Gap” here refers to a metric that keeps track of the difference between the BTC prices listed on cryptocurrency exchanges Coinbase (USD pair) and Binance (USDT pair).
Chainlink (LINK) has performed strongly over the past week, with the token’s price increasing 21.3% in the last seven days.Some analysts have shared their predictions and thoughts on LINK, suggesting keeping an eye on the token and its long-term performance.Related Reading: Hold Onto Your Seats: XRP Primed For 90% Rally, According To Top Analyst What Is LINK’s Next Steppingstone? Recently, Chainlink announced its partnership with blockchain platform Avalanche and the Australia and New Zealand Banking Group to connect the Avalanche and Ethereum blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP).
The XRP price continues to disappoint investors who expect that it would’ve crossed $1 by now since Ripple’s battle with the United States Securities and Exchange Commission (SEC) is nearing its end.However, this has not discouraged investors and traders who believe that there are big things in store for the altcoin.Crypto Analyst Predicts XRP Will Reach $6 Pseudonymous crypto analyst Mikybull has been bullish on the XRP price for a long time, taking to X (formerly Twitter) to, once again, reiterate their stance that the altcoin is going to do well.
In the XRP lawsuit, the US Securities and Exchange Commission (SEC) filed its motion for remedies and entry of final judgment against Ripple, proposing a suite of penalties that includes injunctive relief, disgorgement of profits, and a notable $2 billion in civil penalties today.But that’s not the whole story as the 210-page document contains some interesting statements and assertions.#XRPCommunity #SECGov v.#Ripple #XRP The @SECGov has filed its Motion for Remedies and Entry of Final Judgment, its Memorandum of Law in Support of that Motion, and its "Proposed" Judgment.
In a recent development, Portugal’s data regulator, the National Commission for the Protection of Data, also known as the CNPD, has issued an order to stop Sam Altman’s iris scanning project, Worldcoin, from collecting biometric data for 90 days. Worldcoin’s Compliance Under Fire According to a Reuters report, the CNPD’s suspension specifically targets the Worldcoin Foundation, a memberless entity based in the Cayman Islands, described on its website as the sole member and director of World Assets Ltd, a company registered in the British Virgin Islands responsible for issuing Worldcoin tokens to sign-up participants.
In a recent development, data from crypto analytics firm Glassnode shows that the amount of Bitcoin held on Coinbase has reached a 9-year low.This has raised the possibility of the flagship crypto rising to a new all-time high (ATH) of $75,000 soon enough. BTC Held On Coinbase Drops Significantly According to Glassnode, the Bitcoin balance on Coinbase dropped to a nine-year low of 344,856 on March 18.This suggests that Bitcoin investors are choosing to move their holdings off exchanges and hold for the long term rather than sell anytime soon.
Data shows the Bitcoin market sentiment has returned to the extreme greed territory as BTC has registered its rally beyond the $71,000 level.Bitcoin Fear & Greed Index Now Points To “Extreme Greed” The “Fear & Greed Index” is an indicator made by Alternative that tells us about the general sentiment among the investors in the Bitcoin and wider cryptocurrency market.This index represents the sentiment as a score between zero and hundred.
In a rather shocking development, the United States Securities and Exchange Commission (SEC) has demanded a $2 billion sanction against Ripple.Responding to the startling demands, Ripple’s Chief Executive Officer (CEO), Brad Garlinghouse has taken a firm stance against the agency’s demands, determined to expose the true nature of the SEC.Ripple CEO Criticizes SEC’s Demands Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple recently disclosed in a post on X (formerly Twitter) that the US SEC has petitioned a Judge for $2 billion in fines and penalties against Ripple.
One analyst on X notes that Chainlink is facing a tug-of-war between bullish momentum and strong upside resistance from profit-taking traders.For bulls to add to their longs and extend the uptrend, the existing oversupply must be moped, paving the way for more gains above immediate liquidation levels. Profit Taking Slowing Down LINK Bulls Looking at the LINK price action in the daily chart, it is clear that buyers have the upper hand.
Rekt Capital, a cryptocurrency expert and enthusiast, has identified a similar pattern between the recent Bitcoin pre-halving retrace and the one that took place in 2020 before the crypto asset witnessed an upsurge to its previous all-time high.Bitcoin Pullback Is Almost Identical With 2020 Pre-Halving Retrace Bitcoin, the largest cryptocurrency asset, is presently demonstrating momentum, rising over $70,000 and recovering from a recent downward trend.Following the recovery, Rekt Capital believes that the pullback might be over, citing a similarity to the 2020 pre-halving retrace.
Crypto investment products have finally registered a week of outflows after seven weeks of consecutive strong inflows and two weeks of breaking records after records.In fact, data has shown that these investment products have now set a new record for the most outflows in a week, extending the run of record creation.According to data from CoinShares, investors pulled out $942 million from crypto investment products last week to wipe $10 billion off total assets under management (AuM).