Renowned XRP analyst EGRAG has ignited a firestorm of excitement and skepticism with his bold prediction for the cryptocurrency.EGRAG, known for his bullish XRP stances, is calling for a potential 90% surge in the near future, with a target price of $1.20.This forecast hinges on a technical pattern identified by EGRAG – a “W” wave formation on XRP’s 3-day chart, which he believes historically precedes bull runs.Related Reading: Analyst Bullish On Polkadot (DOT), Predicts $17 Price Target Before April XRP Long-Term Outlook The prediction has sent ripples through the XRP community.
XRP price found support at $0.5685 and started a fresh increase.The bulls could gain strength if they manage to push the price above $0.6560.XRP found is attempting a fresh increase from the $0.5680 support zone.The price is now trading above $0.630 and the 100 simple moving average (4 hours).There is a key bullish trend line forming with support near $0.6440 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
Ethereum price is attempting a fresh increase above the $3,500 zone.ETH must clear the $3,680 resistance to continue higher in the near term.Ethereum is gaining pace above the $3,500 support zone.The price is trading above $3,600 and the 100-hourly Simple Moving Average.There is a key bullish trend line forming with support at $3,560 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.
The Bitcoin price has soared past the $71,000 mark.In the past 24 hours alone, the price of Bitcoin surged by 6.5%, climbing from just below $65,500 to reach $71,491.This remarkable rally can be attributed to a combination of factors that have collectively contributed to the upward trajectory of the world’s leading cryptocurrency.Here’s a closer look at the four key reasons behind Bitcoin’s latest price surge.#1 Futures Market Influence The futures market has played a pivotal role in driving Bitcoin’s price upwards.
Solana (SOL) has experienced a notable resurgence in its bullish momentum, with a rebound of over 9% in the past 24 hours.This notable performance has outpaced the top 10 largest cryptocurrencies in terms of market capitalization.The latest surge in SOL’s price has allowed it to surpass its resistance level on the daily chart at $184.The remaining hurdle of $201 now stands as the final barrier to prevent further gains for the cryptocurrency.
The cryptocurrency market recently witnessed significant liquidations, totaling over $200 million, as Bitcoin surged past the $69,000 mark.The Bitcoin price surge led to many short positions being liquidated, causing notable financial repercussions across various trading platforms.Bitcoin’s Sudden Rebound And Liquidations The data from Coinglass provide a clearer picture of the impact, showing that around 60,388 traders and counting faced losses exceeding $200 million in just 24 hours.The distribution of these liquidations varied among the major exchanges, with OKX traders experiencing the highest losses at $81.
Bitcoin price is rising and now trading above $70,000 resistance zone.BTC could continue to rise toward the $73,000 and $75,000 levels in the near term.Bitcoin price remained 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 connecting bullish trend line forming with support at $67,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could continue to rise if it clears the $71,200 resistance zone.
According to a recent announcement from blockchain platform Avalanche (AVAX), Australia and New Zealand Banking Group (ANZ) has partnered with Chainlink (LINK) Labs to explore the potential of on-chain digital assets for global movement and settlement. Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), the collaboration aims to connect the Avalanche and Ethereum (ETH) blockchains to enable uninterrupted delivery versus payment (DvP) settlement of tokenized assets across networks in multiple currencies.Tokenized Asset Transaction Across Avalanche And Ethereum Using Chainlink ANZ, a provider of banking products and services to millions of customers in nearly 30 markets, has reportedly taken an unusual approach to exploring the world of on-chain digital assets.
Ethereum (ETH) stands at a crucial juncture, with its eyes set on the $4,000 price mark.Amid this ambitious pursuit, the digital asset faces a significant challenge that could influence its trajectory: scrutiny from the US Securities and Exchange Commission (SEC).Despite this potential regulatory hurdle, some analysts remain optimistic about Ethereum’s prospects.A detailed analysis by Captain Faibik, a market watcher, highlighted a bullish pattern in ETH’s four-hour candlestick chart, suggesting that the $4,000 threshold is within reach.
Jupiter (JUP) has had a remarkable month, with its price skyrocketing over 150% in the last 30 days.Amid the crypto market slowdown and some controversies, JUP’s performance has maintained momentum.Related Reading: Solana Tokens Among Top Gainers: JUP and WEN Soar Over 12%, WIF Hits New ATH Crypto Analyst Sees “Decent” Entry Spot For JUP Jupiter’s JUP started the month trading around $0.63 and has seen the price jump 106% in 25 days.
Crypto expert popularly known as KSI has shared his thoughts on how the Bitcoin price could progress until the peak of this bull cycle.Based on his prediction, the flagship crypto could experience significant dips on its way to a new all-time high of $100,000. $80,000 Could Be Next For Bitcoin KSI mentioned in an X (formerly Twitter) post that Bitcoin could rise to between $73,000 and $80,000 from here.However, a correction could quickly follow, as the crypto analyst remarked that Bitcoin would drop to between $50,000 and $60,000 afterwards.
Here’s what the latest trend in the Bitcoin Market Value to Realized Value (MVRV) ratio suggests about where the market is currently in terms of a top.Bitcoin MVRV Ratio Has Seen A Decline To The 2.34 Level According to data from the market intelligence platform IntoTheBlock, the BTC MVRV ratio surged high earlier this year as the cryptocurrency rally took place.The “MVRV ratio” is a popular indicator that tracks the ratio between the Bitcoin market cap and the realized cap.
Bitcoin, the world’s most valuable coin, is once again deviating from historical norms.According to an analysis by one crypto analyst, the coin is in the “overbought” territory of the Relative Strength Index (RSI) for the first time in the lead-up to halving.The RSI is a popular technical indicator analysts use to gauge the price momentum of traded instruments. Bitcoin Overheating? RSI Stands Above 70 The analyst points out that the Bitcoin RSI on the monthly chart is currently above 70, indicating an overbought condition and overheating.
Cryptocurrency expert and analyst Doctor Profit has identified regions that are vital for Bitcoin (BTC) presently, which could possibly propel the crypto asset’s price to unprecedented heights at a very fast pace.For the most part, the cryptocurrency community is concerned about the way that Bitcoin’s price has performed during the last week.Nonetheless, Doctor Profit’s latest weekly update on the crypto market and Bitcoin has provided optimism for investors within the crypto space.
Bitcoin whales have been very active in the past few days as the crypto continues to trade below $68,000.Notably, on-chain data has shown a trend of accumulation among Bitcoin whales, with large bouts of the cryptocurrency leaving crypto exchanges into private wallets. These massive transfers appear to have piqued the interest of a few investors who are keeping a watchful eye, as this accumulation pattern points to a price increase up ahead.
Data shows Bitcoin is currently retesting a major on-chain resistance level, and a break above which can potentially lead to a surge in its price.Bitcoin Has Major On-Chain Resistance Around $67,000 As pointed out by analyst Ali in a post on X, BTC may be able to see a rise towards the $72,900 level if the asset can break the current on-chain resistance barrier.Related Reading: Bitcoin Long-Term Holders & Price Top: Glassnode Reveals Pattern In on-chain analysis, any level’s potential to act as support or resistance is measured using the amount of Bitcoin that was acquired/bought by the investors around said level.
Dogecoin (DOGE), the meme-inspired cryptocurrency, has experienced a rollercoaster ride in recent days.A surge in social media activity surrounding the coin coincided with a price increase of over 14% within the last week.However, technical indicators hint at a potential pullback, leaving investors to grapple with mixed signals.Related Reading: Analyst Bullish On Polkadot (DOT), Predicts $17 Price Target Before April Social Media Frenzy Fuels Optimism Data from LunarCrush, a crypto analytics platform, revealed a significant uptick in social media interactions related to DOGE.
The prices of LUNC and USTC have both seen a considerable boost in the past day.But although there has been a bit of a recovery in the crypto market, another reason entirely is behind this surge in price and it has everything to do with the currently incarcerated founder of the Terra blockchain, Do Kwon.Terra Founder Gets Released Do Kwon, the founder of the billion-dollar Terra blockchain, which collapsed in 2022, has been in prison in Montenegro for months now after being apprehended with fake travel documents.
Bitcoin, the ever-enigmatic digital currency, has analysts locked in a heated debate about its 2024 price trajectory.Will it soar to new heights, fueled by institutional adoption and mainstream acceptance, or will it face a reality check and revisit recent lows? Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike? Bullish Vs.Bearish Perspectives On Bitcoin The optimists, led by the prominent crypto analyst Cryptoyoddha, paint a picture of a bullish future.
Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is back in the spotlight with a surge in both search interest and token price.Google Trends data reveals a global increase in searches for “Shiba Inu” and related queries, indicating renewed investor optimism for the meme coin.Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike? Shiba Inu Surge Sparks Enthusiasm This increase comes after a quiet period for the memecoin.
Ethereum price is attempting a fresh increase wave above the $3,400 zone.ETH must clear the $3,580 resistance to continue higher in the near term.Ethereum is holding gains above the $3,250 support zone.The price is trading above $3,400 and the 100-hourly Simple Moving Average.There was a break above a key bearish trend line with resistance at $3,400 on the hourly chart of ETH/USD (data feed via Kraken).The pair could continue to rise if it settles above the $3,500 resistance zone.
Last week was rough for Spot Bitcoin ETFs as they failed to attract strong inflows day after day.As a result, these Spot Bitcoin ETFs witnessed consecutive daily outflows every day last week, indicating the bullish sentiment among institutional traders might actually be waning.This seems to have been reflected in the price of Bitcoin, as the cryptocurrency fell to as low as $61,370 during the week. Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike?
The price performance of Bitcoin over the past week has been a source of concern for the majority of the crypto community.This has pretty much been the case for other cryptocurrencies in the market, with several large-cap tokens reversing their recently-accrued profits.However, some investors are treating the recent price decline as a rare opportunity in the bull market as they continue to load their bags with assets of their choice.Specifically, the latest on-chain data shows significant buying activity amongst a certain class of investors.
XRP, the native token of Ripple, is stirring up excitement in the crypto market with analysts predicting a potential short-term price explosion.However, the extent and timing of this surge remain a point of contention.In a recent analysis of the cryptocurrency market, several market analysts have expressed optimism about the short-term prospects of XRP, the digital asset associated with Ripple.These analysts believe that XRP could experience a substantial increase in price, potentially reaching new heights before the peak of the current market cycle.
Digital asset analyst with X handle Crypto Patel has recently shared a bullish prediction on MATIC price movement in the coming weeks.This forecast comes amidst MATIC’s poor performance in the last seven days, during which it lost 6.68% of its market value, based on data from CoinMarketCap. The Polygon native token had been one of the best-performing assets in 2024 rising by over 76.38% between January to March.However, the altcoin has now recorded a 22.
Ethereum’s network has seen notable growth recently in both daily active users and daily transaction volume, yet the price of ETH, Ethereum’s native cryptocurrency, has undergone corrections in the past few days.Notably, Ethereum is down by over 10% in the past seven days, underperforming Bitcoin and the S&P 500.While this decline can be felt through the majority of large cryptocurrencies in the industry, the number of daily active Ethereum addresses has been steadily rising over the past month.
The price of Ethereum has not exactly lived up to its promise as the month has gone on, despite a stellar start to the month.While this bearish pressure has been widespread in the general cryptocurrency market, regulation uncertainty has been an additional concern for ETH, igniting a negative sentiment around the “king of altcoins.” Interestingly, the latest on-chain revelation shows a substantial amount of Ethereum has made its way to exchanges so far in March, suggesting that investors might be losing confidence in the long-term promise of the cryptocurrency.
The crypto market is experiencing a pullback after Bitcoin, the leading cryptocurrency, reached a new all-time high.However, Ethereum (ETH) is not left out in this downward move.After setting a new yearly high of $4,094, the price of Ethereum has been moving downward and this has led to the price trading below the 100-day Moving Average (MA) both in the 1-hour and 4-hour timeframes, but this is not so in the daily timeframe.
In line with the decline in Bitcoin’s price, the spot Bitcoin ETF market has appeared rather gloomy in recent days.According to data from analytics firm BitMEX Research, these BTC ETFs have recorded a negative netflow for the last four trading sessions. This situation has been marked by large levels of Grayscale’s GBTC outflows and the record low inflows for the other ETFs, mainly the market leaders BlackRock’s IBIT and Fidelity’s FBTC.
The on-chain analytics firm Glassnode has explained that Bitcoin tends to reach a potential top when the long-term holders show this pattern.Bitcoin Long-Term Holders Have Been Ramping Up Distribution In a new report, Glassnode discussed the influence that the BTC long-term holders have on the cryptocurrency’s supply dynamics.The “long-term holders” (LTHs) here refer to the Bitcoin investors who have been holding onto their coins for more than 155 days.The LTHs comprise one of the two main divisions of the BTC user base based on holding time, with the other cohort known as the “short-term holders” (STHs).
Dogecoin has seen a steady rise in activity in the past two days to reverse the period of stagnancy recorded earlier in the week.At the time of writing, DOGE is up by 7% in the past 24 hours, reversing some of the corrections it has experienced in the past week.Turns out some Dogecoin whales have been going on a massive buying spree, as indicated by on-chain data. Popular crypto analyst Ali Martinez highlighted this accumulation trend by tweeting that DOGE whales have bought over 25 million DOGE worth around $3.
The development team behind the dog-themed meme coin Floki Inu has unveiled its highly anticipated roadmap for 2024, revealing several upcoming features and utility-focused initiatives. Notable highlights include the launch of regulated digital banking accounts, integration with the Venus decentralized finance (DeFi) protocol, the Floki debit card’s introduction, and the Valhalla mainnet’s upcoming release.Floki Inu Aims To ‘Bank The Unbanked’ Floki Inu plans to introduce regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens.
Cryptocurrency traders constantly look for the next big project to yield significant profits.However, not all of their investments result in massive gains.A recent report by Lookonchain revealed that a trader lost more than $1 million within three days.Related Reading: Leading The Pack: Solana Captures Nearly 50% Of Global Crypto Attention When Buying High Doesn’t Result In Selling Higher According to the blockchain research platform Lookonchain, a crypto trader lost 6,039 SOL over the last three days after FOMO-buying a memecoin.
Analysts at financial services firm Bernstein are increasing their price expectations for Bitcoin.This follows a revised report in which they boosted their year-end target for the flagship crypto token’s price. Bitcoin To Hit $90,000 By The End Of 2024 According to a report by CoinDesk, Bernstein analysts Gautam Chhugani and Mahika Sapra have raised their year-end prediction for Bitcoin’s price from $80,000 to $90,000.Their research report cited the strong Spot Bitcoin ETF inflow and a record mining income as the reasons for this increased bullishness on BTC’s price.
Frax Finance, a decentralized finance (DeFi) protocol, recently unveiled its Singularity Roadmap.It aims to propel the total value locked (TVL) of its layer 2 blockchain, Fraxtal, to $100 billion by the end of 2026.This notable surge would represent a 760,000% increase from the current TVL levels, which stand at $13 million. Frax Finance Singularity Roadmap According to the protocol’s announcement, Fraxtal, the substrate that powers the Frax ecosystem, serves as Frax Finance’s operating system.
A crypto analyst on X is confident that Bitcoin has bottomed and is poised for major gains in the sessions ahead.Interestingly, the bullish outlook hinges on the Bitcoin market cap retesting all-time highs at press time. Will BTC Rally? Market Dynamics Changing So far, the Bitcoin price is around 2021 highs in USD terms but recently broke all-time highs, peaking at around $73,800.This fluctuation is also reflected in its market cap.
Despite optimism about Bitcoin’s future trajectory heading into the Bitcoin Halving, analysts at JPMorgan have raised concerns that things may not go according to everyone’s expectations.They believe that a storm still lies ahead for the flagship crypto token before any massive move to the upside. Further Bitcoin Pullbacks Are To Be Expected According to a Bloomberg report, JPMorgan strategists have warned that Bitcoin could still experience further pullbacks following its recent decline.
Glassnode has suggested that the upcoming Bitcoin halving might not result in a supply squeeze that the market may have anticipated.Bitcoin Halving May Not Carry Same Impact Due To Spot ETFs In a new report, the on-chain analytics firm Glassnode has discussed the impact the next Bitcoin halving may have on the economics of the cryptocurrency.The “halving” is a periodic event for BTC where its block rewards (the rewards the miners receive for adding blocks on the network) are permanently cut in half.
Over the past 24 hours, Fantom (FTM) has emerged as the standout performer among the top 100 cryptocurrencies by market capitalization, registering a remarkable 13.5% gain.This surge is part of a broader rally that has seen the FTM price soar by 180% over the last four weeks, propelling it from $0.42 to $1.20.This upward trajectory has significantly boosted Fantom’s market capitalization to $3.3 billion, positioning it as the 41st largest digital asset worldwide.
Bitcoin Spot ETF outflows have ramped up this week and has seen the week characterized by price declines throughout the crypto space.These outflows, like before, are being led by the Grayscale Spot ETF as investors believe their fees are too high.This has led to four consecutive week of outflows, which is the second time it is happening since Spot ETFs were approved for trading.So, where does the Bitcoin price go from here?
XRP continues to maintain its spot as one of the leading cryptocurrency assets in the crypto market today after witnessing a notable rally starting the day at the $0.64 price mark, putting it in the limelight.Although the price of XRP is still lagging behind its all-time high level of $3.30, some analysis indicates that it may soon start to rise toward its peak.Following the recent rise, several analysts anticipate XRP will rally even further and reach unprecedented heights in the upcoming months.
Stablecoins have recently achieved a significant milestone, surpassing $150 billion in market capitalization, with daily trading volume reaching $122 billion.This achievement marks a notable resurgence and growth in the stablecoin sector, with implications for the broader cryptocurrency ecosystem.Related Reading: BONK Bonked: Price Crashes 30% In 7 Days – More Pain Ahead? Market Dynamics And Growth Factors Stablecoins are digital assets designed to maintain a stable value by pegging their price to a reserve asset, such as the US dollar or other fiat currencies.
Despite a continuous four-day streak of net outflows from Bitcoin spot exchange-traded funds (ETFs) totaling $93.85 million, the Bitcoin price has impressively climbed to reclaim the $66,000 mark.According to data from Farside Investors, Grayscale ETF GBTC experienced a significant outflow yesterday, with a single-day net outflow of $358 million, culminating in a historical net outflow of $13.63 billion for GBTC alone.In stark contrast, the BlackRock Bitcoin spot ETF (IBIT) witnessed a considerable net inflow of $233 million yesterday, raising IBIT’s total net inflow to $13.
The memecoin BONK has faced a significant setback as its prices plummeted by 30% in the last week, sparking discussions about the need to reassess predictions for this meme token.This decline in value has been accompanied by a drop in BONK’s open interest to its lowest level in the past month, signaling potential challenges ahead for the token.Related Reading: Fantom (FTM) Bull Run: Can FTM Hit $2 After 20% Price Spike?
XRP price found support at $0.5680 and started a fresh increase.The bulls are now aiming for a move toward the $0.700 resistance.XRP found support near $0.5680 and started a recovery wave above $0.60.The price is now trading above $0.620 and the 100 simple moving average (4 hours).There was a break above a key bearish trend line with resistance at $0.610 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
Ethereum price is attempting a recovery wave above the $3,500 zone.ETH must clear the $3,580 resistance to continue higher in the near term.Ethereum started a decent recovery wave above the $3,350 zone.The price is trading above $3,450 and the 100-hourly Simple Moving Average.There was a break above a short-term bullish flag pattern with resistance at $3,480 on the hourly chart of ETH/USD (data feed via Kraken).The pair could continue to rise if it settles above the $3,580 resistance zone.
Bitcoin price failed to recover above the $68,000 resistance zone.BTC is sliding and might decline again toward the $62,000 support zone.Bitcoin price started a decent increase but struggled near the $68,000 zone.The price is trading below $66,000 and the 100 hourly Simple moving average.There is a short-term declining channel or a bullish flag forming with resistance at $66,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair must clear the $66,200 resistance zone to start a fresh increase.
Recent observations by Eric Balchunas, a senior ETF analyst at Bloomberg, suggest that the movements in Bitcoin’s price are influenced by factors beyond just the flows of spot Bitcoin Exchange Traded Funds (ETFs).According to Balchunas, who shared his insights on X, “bigger forces at work” shape the largest cryptocurrency’s valuation.This indicates that the correlation between spot ETF flows and Bitcoin’s price action is less direct than some assume.Related Reading: Bitcoin Supply On Exchanges Hit 4-Year Low, But Why Is Price Crashing?
Blockchain protocol MakerDAO (MKR) continues to see significant gains, maintaining a strong upward trend throughout the year. MKR has seen significant growth of over 358%, accompanied by positive metrics reflecting increased adoption and usage of the protocol.In addition, upcoming voting initiatives aim to further increase the platform’s benefits for its stakeholders.MakerDAO Announces Plans For Rate System Changes In a recent announcement, MakerDAO stated that it closely monitors developments in the cryptocurrency market and has gained a better understanding of the impact of recent proposals.
The crypto market has recently experienced a wave of liquidations, amounting to nearly $300 million, closely following Bitcoin’s sharp reclaim of the $67,000 mark.This surge in Bitcoin’s value, a stark reversal from its previous downtrend, caught many traders off guard, especially those who had placed bets on the continuation of the market’s decline.Related Reading: Bitcoin Might Be Poised For A ‘Double Pump Cycle,’ Reveals Analyst – Here’s Why Over 80,000 Traders Faces Liquidation The data provided by Coinglass sheds light on the magnitude of the liquidations, revealing that approximately 86,047 traders suffered losses exceeding $250 million within a mere 24-hour period.
Popular crypto analyst EGRAG CRYPTO, known for his very bullish stance on XRP, has predicted that the XRP price is headed for $27 as a pattern from 2017 emerges again.The analyst made this prediction known in a recent post on social media to reflect that XRP is now mimicking a historical cross between the 20 and 50 Simple Moving Averages.Interestingly, with XRP currently trading at $0.6079 amidst a lull market gain, EGRAG’s prediction represents a surge of over 4,300% from the current price levels.
After capitulating on March 19, Bitcoin recovered on March 20.However, while the crypto community expects more rapid gains, even above the all-time highs of around $73,800, Willy Woo, an on-chain analyst, thinks the coin will likely consolidate in the days ahead.SOPR Peaked At An Unusually High Level: Profit-Taking? Taking to X, Woo listed several on-chain metrics, some of which, while supporting prices, are countered by others that might slow down the uptrend.
Bitcoin Cash (BCH) has registered a sharp 15% rally in the past 24 hours after plans of a futures listing on Coinbase have surfaced for the asset.Coinbase Plans To Launch Bitcoin Cash Futures Product On 1 April As an X user has pointed out, the cryptocurrency exchange Coinbase appears to have filed certifications with the Commodity Futures Trading Commission (CFTC) to list futures products for three coins on its platform: Bitcoin Cash (BCH), Dogecoin (DOGE), and Litecoin (LTC).
Crypto experts and analysts have given their opinions on how Bitcoin could rise in this bull cycle, with some opining that the flagship crypto token could rise to as high as $237,000.Now, this crypto expert has given a more ambitious price prediction, raising the possibility of Bitcoin hitting $500,000. Bullish Sentiment Shows Bitcoin Can Reach $500,000 Crypto analyst Michaël van de Poppe mentioned in an X (formerly Twitter) post that the likelihood of BTC reaching $500,000 long-term is “definitely there.
Arbitrum (ARB), the Ethereum Layer 2 (L2) scaling solution, recently went through an unlocking event as part of its 2024 roadmap.However, the event raised concerns about how the token’s price would react amid the market slowdown. It’s been a week since Bitcoin’s price started to dip.Despite BTC’s recovery, the market still exhibits red numbers. Crypto analysts remain optimistic about ARB and the market’s bullish run. Related Reading: Bitcoin Traders Capitulate: Here’s What Happened Last 2 Times Are Arbitrum Whales Still Dumping On Exchanges?
The 10 spot Bitcoin ETFs experienced their biggest three-day outflow since their debut in January, as reported by Bloomberg.This shift in investor sentiment comes after heightened interest that propelled the largest cryptocurrency in the market to a record high of $73,700.Bitcoin ETFs See Record Outflows Between Monday and Wednesday, a net total of $742 million exited the Bitcoin ETFs, reflecting outflows from the Grayscale Bitcoin Trust (GBTC) and a moderation in subscriptions for similar offerings from prominent firms like BlackRock (IBIT) and Fidelity Investments (FBTC).
Amidst the recent Bitcoin pullback from its previous all-time high above $73,000, Ki Young Ju, the founder and Chief Executive Officer (CEO) of Crypto Quant, reassures the broader crypto community that the BTC bull market is far from over. Bitcoin Bulls Are Not Done In a recent X (formerly Twitter) post, Ju expressed strong bullish sentiment regarding Bitcoin, highlighting factors that suggest that Bitcoin’s upward trajectory is likely to continue.The Crypto Quant CEO shared a crucial indicator depicted in a price chart, showcasing the percentage of Realized Cap across four age bands for BTC.
In an analysis shared with his nearly 100,000 followers on X (formerly Twitter), the crypto analyst known by the pseudonym Xremlin (@0x_gremlin) has pinpointed Base as the burgeoning hub for memecoin enthusiasts and investors.This proclamation follows a season of unprecedented gains in the Solana memecoin market, with tokens like BOME, WIF, and SLERF achieving returns ranging from 300x to 1000x.Xremlin’s insight into the crypto market dynamics suggests a potential replication of these astronomical returns on Base, underlined by a tweet stating, “Meme traders on Solana printed millions this season: BOME: 800x, WIF: 1000x, SLERF: 300x.
After a stunning retrace, Bitcoin witnessed a notable recovery as Wednesday closes rising from the $61,000 price mark to $67,000, triggering hopes within the cryptocurrency community that a bullish movement might be imminent. However, the crypto asset has not exactly returned to the point it was a week ago, especially since BTC reached a new all-time high last week when it surged beyond $73,000.Bitcoin Correction Has Bottomed Out With Bitcoin surpassing its previous all-time high and rising even further to set a new peak of $73,000, March has been a momentous month for the cryptocurrency.
Bitcoin is still struggling to reclaim its all-time high even after staging an impressive recovery in the last day.The bounce up from $60,000 to $68,000 has no doubt reignited confidence in the market, but the cryptocurrency continues to face some challenges in its bid for a new all-time high.Outflows Continue To Rock Bitcoin ETFs Over the last few months, Spot Bitcoin ETFs have done very well when it comes to inflows, hitting record after record.
On-chain data shows the Bitcoin investors have been capitulating recently, a sign that FUD has been gripping the market.Bitcoin Total Amount Of Holders Has Seen A Drop Recently According to data from the on-chain analytics firm Santiment, the Bitcoin Total Amount of Holders has registered a notable decline recently.The “Total Amount of Holders” here is an indicator that measures the total number of addresses on the BTC blockchain that are carrying some non-zero balance right now.
Fantom (FTM), a cryptocurrency known for its high-speed smart contract platform, has been making headlines recently with its price movements and market predictions.As of the latest data, Fantom is ranked #43 by market cap at $2.9 billion, with a trading volume of $863 million in the last 24 hours.The current value of Fantom stands at $1.06, reflecting an increase of 6.5% in the last 24 hours.Related Reading: Analyst Bullish On Polkadot (DOT), Predicts $17 Price Target Before April Recent Developments Just recently, Fantom announced a significant reduction in the minimum staking requirements for validators from 500,000 FTM to 50,000 FTM.
Within the last 24 hours, the market witnessed a significant rally in the Bitcoin price, which soared by 10% from a daily low of $60,805 to a peak of $68,250.This remarkable price movement can be attributed to several key factors, including yesterday’s Federal Open Market Committee (FOMC) meeting, a notable change in the Coinbase Premium, and Bitcoin’s technical breakout from a downtrend channel.#1 FOMC Meeting: Dovish Remarks By Jerome Powell Fuel Optimism As reported yesterday, the macro environment came back into focus for Bitcoin and crypto following the hotter than expected Consumer Price Index (CPI) and Producer Price Index (PPI) inflation data in the US.
The Solana ecosystem has achieved a significant milestone by becoming the most popular blockchain ecosystem of the year.This is due to its ability to capture nearly half of the world’s crypto investor interest in the chain-specific theater.Together with the outstanding performance of native meme coins like dogwifhat and important ecosystem project tokens like Pyth, Solana’s comeback to 2021 peaks show a revived faith in the network.Related Reading: Analyst Bullish On Polkadot (DOT), Predicts $17 Price Target Before April Solana’s Dominance: Coingecko Study Insights According to a study by Coingecko, as a result of Solana’s nearly 50% share of global chain-specific interest, and its affiliated projects’ increasing popularity and performance, the ecosystem has a significant mindshare that reinforces its leadership in the cryptocurrency market.
Dogecoin is recovering higher from $0.1220 against the US Dollar.DOGE must clear the $0.1650 resistance to start another increase toward $0.200.DOGE declined heavily and tested the $0.1220 support against the US dollar.The price is trading below the $0.1650 level and the 100 simple moving average (4 hours).There was a break above a key bearish trend line with resistance at $0.1310 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).
Ethereum price started a recovery wave from the $3,050 zone.ETH is up over 10% and is now struggling to clear the $3,550 resistance zone.Ethereum started a decent recovery wave from the $3,050 zone.The price is trading above $3,350 and the 100-hourly Simple Moving Average.There was a break above a major bearish trend line with resistance at $3,400 on the hourly chart of ETH/USD (data feed via Kraken).The pair could continue to rise if it settles above the $3,550 resistance zone.
Cardano (ADA), currently positioned as the 9th largest cryptocurrency by market capitalization, has encountered a downward trend following the prevailing bearish sentiment in the crypto market.Bitcoin (BTC), the market leader, has led the way in price corrections for top cryptocurrencies. Despite ADA’s recent retracement of nearly 20% in the past week after reaching a 22-month high of $0.810 on March 14, there are indications that a potential trend reversal is on the horizon.
Bitcoin price started a strong recovery wave from the $60,800 zone.BTC is up nearly 10% and now facing hurdles near the $68,800 resistance.Bitcoin price started a decent increase from the $60,800 support zone.The price is trading above $64,500 and the 100 hourly Simple moving average.There was a break above a key bearish trend line with resistance at $65,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair must clear the $68,800 resistance zone to start a fresh uptrend.
On-chain data shows a Solana whale has just moved a massive SOL stack to Binance, which could prove to be bearish for the asset’s price.Solana Whale Has Deposited 1 Million SOL To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, several large SOL transactions have occurred on the blockchain during the past day.More specifically, six massive transfers have been spotted on the network.Out of these, two transactions were gigantic, with tokens worth $362 million and $498 million involved.
According to a Bloomberg report, Celsius Network, the crypto platform that filed for bankruptcy in July 2022, demands that major customers who collectively withdrew over $2 billion before the bankruptcy return those funds to avoid potential litigation. An oversight committee formed during Celsius’s Chapter 11 case has begun contacting customers who withdrew more than $100,000 during the period leading up to the company’s bankruptcy filing.This recovery effort aims to repay creditors who did not withdraw funds from Celsius.
In the late hours of Tuesday, Trezor’s X account was compromised.The hacker used the hardware wallet company account to promote a fake crypto presale with a malicious link attached.Members of the crypto community quickly realized the suspicious activity from the company and alerted other X users about the scam.Since then, Trezor’s team has regained control of the account.Related Reading: Bitcoin Supply On Exchanges Hit 4-Year Low, But Why Is Price Crashing?
Bitcoin remains under pressure when writing and is within a bearish formation following sharp losses on March 19.While prices tank, one analyst on X thinks this retracement aligns with historical performance, especially as the network prepares to slash miner rewards in April 2024. Bitcoin Retracement Similar To Pre-Halving Cool-Off Of 2020 Based on the analyst’s assessment, BTC is currently down roughly 18% from its recent swing high.This retracement is at the same level as the ballpark 19% decline observed before the previous halving event in 2020.
As the Bitcoin price crash has ravaged the crypto market and left altcoins suffering, it has presented a unique buying opportunity for meme coins that may never come after this time.So here are the top 3 meme coins that could 10x your portfolio from here.Solana-Based Myro Leads Meme Coins With Potential Solana-based meme coins have been all the rave over the past year and with good reason as well.These meme coins have done so well in such a short time, coming up to compete with established Ethereum-based meme coins which have been around for years.
Current market dynamics have seen Shiba Inu (SHIB) shedding off a lot of its gains earlier in the month.SHIB kickstarted a price surge on February 29th at $0.00001178 to reach $0.00004456 for the first time since December 2021, representing a surge of over 278% in the space of three days. However, it seems investors are now pulling away from the meme cryptocurrency, and the bull frantic earlier in the month seems to be disappearing.
In a bold forecast that is stirring considerable attention within the SHIB community, a prominent official from the Shiba Inu ecosystem has projected a staggering 250% surge in the token’s value leading up to the upcoming Bitcoin halving.Lucie, the marketing lead for Shiba Inu, expressed her confidence in a significant rebound for SHIB, predicting that the meme coin could surpass its 2021 all-time high (ATH) in the weeks ahead.This optimistic outlook comes despite the token’s recent 43% decline to $0.
Despite concerns about the XRP price performance in this market cycle, this crypto expert has elaborated on why he believes the crypto token will still record significant gains.He even predicts that XRP could rise to as high as $10. Why XRP Price Could Rise To As High As $10 Nick, the founder of Web3Alert, mentioned in an X (formerly Twitter) post that his price range for XRP in this market cycle is between $5 and $10.
Polkadot (DOT) is gaining positive momentum and could be poised for a significant price surge, according to crypto analysts.Michaël van de Poppe, an expert in the field, has identified encouraging market dynamics for Polkadot, suggesting a potential upward trajectory in the next few days or weeks.Related Reading: DeFi Turmoil: Over $5 Million Wiped Out In Liquidations Amid Ethereum Price Drop Polkadot Analyst Insights: Promising Momentum Polkadot on the USDT pair showed a regular pattern of higher highs and lower lows, according to Van de Poppe, suggesting an increase in bullish momentum.
Certain Bitcoin fundamentals suggest the flagship crypto token is well primed for further growth in this bull market.However, its recent price decline has sparked concerns about the reason for this downward trend despite everything pointing to a sustained upward movement. Bitcoin Supply On Exchanges Hit 4-Year Low Data from the on-chain analysis platform CryptoQuant highlighted that the supply of Bitcoin on exchanges has seen nearly a 40% drop in 4 years and is reducing ahead of the Bitcoin halving.
This week could mark a pivotal moment in the first quarter of 2024 for the entire crypto market and the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), as major central banks, led by the Bank of Japan and the US Federal Reserve (Fed), prepare to announce their interest rate decisions. According to crypto futures exchange Blofin, these announcements will set the tone for monetary policy in the coming months.The impact of safe-haven sentiment has led to a pullback in both BTC and ETH prices, with traders expressing greater optimism for BTC.
The surge in XRP trading volume has been significant, with multiple sources reporting substantial increases over a short period.On March 19, 2024, CoinMarketCap data revealed an increase in XRP’s trading volume by 130% to over $4 billion within 24 hours.Related Reading: DeFi Turmoil: Over $5 Million Wiped Out In Liquidations Amid Ethereum Price Drop This surge occurred amidst a general market downturn, where XRP’s trading volume increase helped offset some losses experienced by other assets.
Bitcoin has experienced a sharp decline from its March 14 high of over $73,600 to today’s low of under $60,800, translating to a -17% loss in value.This significant drop has prompted a flurry of activity on social media platforms, particularly X (formerly Twitter), where crypto experts have been fervently discussing the potential reasons behind this downturn and speculating on what the future holds for the world’s leading cryptocurrency.Unpacking The Bitcoin Crash: Expert Opinions Alex Krüger, a respected figure in both macroeconomics and crypto, was quick to identify the primary factors contributing to Bitcoin’s price collapse.
The decentralized finance (DeFi) ecosystem teetered on the brink of a meltdown yesterday as cascading liquidations swept through the market following a sharp drop in Ethereum (ETH) price.Over $5.4 million in collateralized assets were forcibly sold off in a 24-hour period, raising concerns about the stability of the DeFi house of cards.Related Reading: AVAX Price Soars To Highest In Nearly 2 Years, Over 80% Of Holders In Profit Ethereum, the world’s second-largest cryptocurrency by market capitalization, bore the brunt of the liquidations.
BNB price rallied further above $600 before it faced sellers.The price corrected gains and now testing an important support at $500.BNB price started a downside correction from the $645 resistance zone.The price is now trading near $515 and the 100 simple moving average (4 hours).There is a key bearish trend line forming with resistance near $520 on the 4-hour chart of the BNB/USD pair (data source from Binance).The pair could attempt a fresh increase if it stays above the $500 support zone.
Bitcoin price extended its decline below the $65,000 support.BTC is now struggling to stay above the $62,000 support zone and might test $60,000.Bitcoin price is moving lower below the $64,000 support zone.The price is trading below $63,500 and the 100 hourly Simple moving average.There is a connecting bearish trend line forming with resistance at $63,300 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could start a decent upward move if it clears the $65,200 resistance zone in the near term.
ETHFI, the governance token for the Ether.fi staking protocol has seen a significant drop in price since its debut on Binance on Monday, March 18.After initially trading at $4.13, the token has lost over 25% of its value, raising concerns among investors. Nonetheless, recent on-chain activity has fueled speculation of further sell-offs, potentially threatening the token’s stability and its ability to hold the $3 mark.In particular, blockchain analytics firm Nansen has identified interesting behavior involving Arrington XRP Capital on the Ether.
Recently, a renowned figure in the crypto analysis sphere, CrediBULL Crypto, has spotlighted XRP with a bullish prediction.According to the analyst, XRP is on the verge of a significant rally that could surge its value against Bitcoin in the coming period.XRP Price: Anticipating The Surge CrediBULL Crypto has been closely monitoring XRP’s movements against Bitcoin.Through analysis, he observed an interesting trend within the XRP/BTC trading pair that suggests an upcoming uptick.
As reported by Fortune Magazine, the cryptocurrency market has been experiencing significant volatility as Bitcoin (BTC) has experienced a sharp decline that has had a domino impact on other cryptocurrencies.The recent drop in the price of Bitcoin, coupled with outflows from Grayscale’s GBTC, has raised concerns among investors. Bitcoin Sees 14% Correction From ATH Bitcoin suffered a 14% drop since reaching its all-time high (ATH) of $73,700 last week, briefly touching $62,483 on Tuesday morning.
The Bitcoin price crash over the past day has taken crypto investors by surprise, leading to a full bleed day for the industry.However, while this may have come as a shock to many, some were able to call it out ahead of time.One of those is Rent Capital, which said the decline was in line with Bitcoin’s established halving trend.An Expected Crash The analysis posted by Rest Capital outlines the trends that Bitcoin has followed leading up to its halving months.
Bitcoin’s recent downturn has prompted renowned crypto analyst Willy Woo to offer a fresh perspective on the cryptocurrency’s future trajectory.Woo’s analysis, based on the surge in Bitcoin’s Macro Index, suggests an optimistic outlook for the leading digital currency, potentially indicating a pivotal shift in market dynamics.Unveiling Bitcoin Double Pump Prediction Willy Woo, a figure well-respected in the cryptocurrency analysis sphere, has recently shared insights that paint an intriguing future for Bitcoin.
The crypto market is down as most cryptocurrencies have registered red numbers for the past few days.Expectations of making big profits out of the bullish sentiment are momentarily halted.And while many patiently wait for the prices to rise again, others are seemingly looking for different options to make their bags.Related Reading: Introducing Book Of Meme (BOME), The Latest $1 Billion Crypto Sensation Crypto Presale Frenzy Sees Big Numbers The “memecoin mania” has been at the forefront of the market, stealing the spotlight since February.
Injective Protocol, a decentralized finance-centric platform, has launched TokenStation.In a blog post on March 18, Injective said the solution, deployed on its mainnet, allows users to launch native tokens.With this tool, Injective said it would empower anyone to create their tokens in a low-fee and scalable environment.Injective Launches TokenStation, Strikes Key Partnership The tool was developed by the Injective community and aims to “remove barrier to entry for token creation.” Like the token creation tools on Solana and Ethereum, for example, using TokenStation, part of the blog post won’t require coding experience.
In its most recent research newsletter, crypto research firm Kaiko alluded to an ‘Alameda Gap,’ which has been massively impacting the Bitcoin and crypto market for some time now.However, that seems to be in the past, as Kaiko stated that the gap no longer exists. What The Alameda Gap Is About According to the report, the ‘Alameda Gap’ is the gap in liquidity that existed after the collapse of the collapse of the defunct crypto exchange FTX and its sister company Alameda Research.
Avalanche (AVAX), the 10th-ranked cryptocurrency, has been on a tear in the past week, not only emerging as the top performer among major digital assets but also reaching its highest price point in nearly two years.Related Reading: XRP Price On The Crosshair As Trading Begins On US-Backed Exchange According to CoinMarketCap data, AVAX surged by an impressive 20%, surpassing its previous peak in May 2022 and reaching a price of $60 at the time of writing.
Bitcoin has deepened its decline in the past day with its price now slipping below $63,000.Here’s where the next potential support is, according to on-chain data.Bitcoin Could Find Support At These Price Levels In a new post on X, analyst Ali has discussed how the Bitcoin support and resistance levels are looking like right now based on on-chain data from Glassnode.The indicator of relevance here is the “UTXO Realized Price Distribution” (URPD), which, in short, tells us about the amount of coins (or more precisely, UTXOs) that were last purchased at any given price level that the asset has visited in its history so far.
The Dogecoin (DOGE) network has entered a period of stagnancy, as the number of addresses holding the meme coin has slowed.This is a stark contrast to February and January, when the network experienced a significant expansion. Dogecoin Has Added Only 60,000 New Addresses In March Data from the market intelligence platform Santiment shows that the total number of DOGE holders has increased by only 60,000 since the beginning of this month.
Since Bitcoin (BTC) witnessed a crash this week to $64,000, the crypto asset has not been able to reclaim its momentum, with the price falling even lower.This has led to a general market decline that has affected altcoins.Bitcoin Plummets To $8,900 On BitMEX Exchange In a devastating turn of events, Bitcoin witnessed a steep decline on the Seycelles-based cryptocurrency exchange BitMEX on Monday.Reports from blockchain media, Wu Blockchain, revealed that Bitcoin fell to around $8,900, following a massive BTC sell-off on the platform.
In the lead-up to the Federal Open Market Committee (FOMC) meeting scheduled for Wednesday, March 20, the Bitcoin and crypto market is experiencing a severe downtrend.BTC price has plunged roughly -10% in the past two days, and Ethereum (ETH) is down -12% in the same period.The anticipation surrounding the Fed’s stance on interest rates has heightened in the wake of recent economic indicators, including unexpected spikes in the US Consumer Price Index (CPI) and Producer Price Index (PPI), stirring volatility across markets, including digital assets.
The flagship cryptocurrency, Bitcoin, dropped below the $63,000 mark in the last 24 hours and is currently on a price correction, having recently hit a new all-time high (ATH) of $73,750.This price dip is believed to be due to several factors, including the Bitcoin Halving, which is fast approaching. Bitcoin Price Is In The Second Phase Of The Halving Trend Crypto trader and analyst Rekt Capital recently provided insights into the four phases of Bitcoin Halving, which provides a plausible explanation for Bitcoin’s recent decline.
Bone ShibaSwap (BONE), a token within the Shiba Inu ecosystem, has showcased remarkable resilience amidst a predominantly bearish market.Despite the downward trend, BONE has emerged as a top performer, catching the attention of community analyst SHIB Knight, who predicts further gains and a potential price target of $3.Related Reading: XRP Price On The Crosshair As Trading Begins On US-Backed Exchange SHIB Knight, a respected analyst within the Shiba Inu community, has been closely monitoring BONE’s performance and recently shared an update on the token’s outlook.
The Government Pension Investment Fund (GPIF) of Japan, the world’s largest pension fund with assets totaling $1.5 trillion, has officially announced its initiative to explore diversification opportunities that include Bitcoin, alongside traditional investments such as gold and more unconventional assets like forests and farmland.This exploration marks a monumental potential pivot in the investment strategy of a fund traditionally associated with more conservative asset classes.Japan GPIF Seeks Information On Bitcoin According to a Bloomberg report dated March 19, 2024, GPIF is in the initial phase of this exploration, focusing on an information request stage rather than signaling an imminent expansion of its investment portfolio.