Bitcoin fell on Wednesday after it set a new all-time high of about $ 64.8 thousand at the beginning of the day. The sharp decline occurred after the procedure for listing shares of the Coinbase crypto exchange on Nasdaq began. The first cryptocurrency was losing more than $ 3 thousand at the moment, dropping below $ 61...
5 thousand on Wednesday evening.Shares of the Coinbase cryptocurrency exchange (COIN) officially began trading on the Nasdaq trading platform with a starting price of $ 380 and quickly rose to a maximum of $ 429.45. However, then there was a decline and trading closed at $ 328.28 (-13.9% from the opening). The minimum price during the first trading session was $ 310. Capitalization slipped to $ 85.7 billion.
Bitcoin was not only able to overcome the historical maximum, but also to develop growth, reaching $ 64,300. As the price rises, so does the trade volume. During the day, the trading volume on the Bitcoin network increased by 23%...
Although the benchmark cryptocurrency showed an all-time high, sellers are in no hurry to take profits, as the market is fundamentally fueled by expectations of the listing of the largest American cryptocurrency exchange, Coinbase, on Nasdaq. This event is viewed by market participants as a landmark event. The exchange can be valued according to various data from $ 65 to $ 230 billion.
Bitcoin was not only able to overcome the historical maximum, but also to develop growth, reaching $ 64,300. As the price rises, so does the trade volume. During the day, the trading volume on the Bitcoin network increased by 23%...
Although the benchmark cryptocurrency showed an all-time high, sellers are in no hurry to take profits, as the market is fundamentally fueled by expectations of the listing of the largest American cryptocurrency exchange, Coinbase, on Nasdaq. This event is viewed by market participants as a landmark event. The exchange can be valued according to various data from $ 65 to $ 230 billion.
Bitcoin updated its March record, exceeding $ 63,000. Exactly a month ago, the first cryptocurrency set the previous record just below $ 62,000. Over the past time, BTC has corrected down to $ 50,000, but managed to hold on and today broke through the previous highs. Growth occurs at increased volumes...
The volume of liquidations in the last day amounted to $ 1 billion. MicroStrategy continues to try to stimulate the growth of the price of bitcoin, only this time not by buying another batch of coins, but by announcing that it will pay for the work of the board of directors with bitcoins.
Bitcoin, after long fluctuations, has overcome the threshold level of $ 60k and is near historic highs above 61,200. At the beginning of the working week, Bitcoin is showing a 2.5% increase and is trading at $ 61,100. Institutional players entering work can resolve the round level debate, while the new “weekend rally” pattern remains in place...
Recently, the price dynamics of the crypto market has been setting up an exclusively positive mood. This is facilitated by American incentives to infrastructure, which provoke the continued growth of the S&P 500 and the entire traditional market as a whole, which ultimately has a positive effect on cryptocurrencies. The widespread demand for digital currencies is seen in the decline in the Bitcoin dominance index to 54%. The continued growth of the altcoin market can put significant pressure on this indicator. During the 2018 altcoin season, the Bitcoin Dominance Index showed a maximum immersion rate of up to 32%.
The total cryptocurrency market capitalization is approaching $ 2.1 trillion, while the Bitcoin dominance index continues to decline, dropping to 54%. The index of greed and fear has not shown any changes during the last 24 hours, remaining in the “greed” mode at “74”, indicating that there is room for continued growth...
MicroStrategy continues its attempts to stimulate the growth of the price of Bitcoin, only this time not by buying another batch of coins, but by announcing that it will pay for the work of the board of directors in bitcoins.
Bitcoin is adding about 1% over the last 24 hours to $ 60,500, continuing its attempts to gain a foothold above the round psychological level, which was recently a significant trigger of sales. The coin surpassed its all-time high yesterday, reaching $ 61,200, after which it faced increased selling pressure...
However, in reality, it turns out to be not strong enough, leaving the coin above the $ 60K threshold. Now we can observe a turning point in the future prospects of Bitcoin, since it is obvious that the crypto market in general and the reference coin in particular are not ready to stop, let alone turn downward.
Bitcoin has had a very busy weekend, jumping to $ 61K and falling below $ 59K. At the beginning of the working week, the benchmark cryptocurrency demonstrates zero daily price dynamics and is trading around $ 60,500. Current price fluctuations occur when trading volumes are low. During the day, this figure dropped by almost 20%...
Low profitability on other assets, endless stimulation of the economy, as well as the active introduction of Bitcoin into traditional settlement systems is quite capable of ensuring further growth of the reference cryptocurrency. An important change is that now the attention of major players can also extend to the leading altcoins, for which infrastructure solutions are also emerging.
In general, the topic of comparing bitcoin with gold, for which cryptocurrency is becoming a digital alternative, sounds more and more often. Many bitcoin bulls in the expert environment say that BTC will be able to bypass gold in terms of capitalization in the future...
In this case, the value of all bitcoins should grow 10 times and exceed the $11 trillion mark. And according to analysts at Ark Invest, that could happen within the next few years. "We believe that bitcoin is better than gold and it's safe to say that it will capture a gold market share or even more."
Just as bitcoin cannot take the $60,000 height by storm, the total market capitalization cannot step over the $2.0 trillion bar either, once approaching it, once moving away. At the time of writing this review, on Friday April 09, it has once again come close to this important psychological level, reaching a volume of $1.990 billion...
As for the Crypto Fear & Greed Index, it has changed only by 4 points during the week, having fallen from 74 to 70.
One of the versions is a drop in demand from large institutional investors. But, as is clear from the statistics of crypto exchanges, "whales" continue to withdraw cryptocurrency to cold wallets. And therefore, they expect its growth to continue. The miners' actions are also indicative of their bullish sentiment...
They switched to hoarding coins in April, creating a shortage in the market. The movement of cryptocurrency from miners to crypto exchanges has decreased by almost 40%: from 450 bitcoins per day in March to 275 in the first decade of April. Naturally, such a shortage of supply should push the price up. Suffice it to recall that the BTC/USD pair rose from $19,000 to $30,000 in a similar situation the previous time.
As for the Crypto Fear & Greed Index, it has changed only by 4 points during the week, having fallen from 74 to 70. It should be noted that the share of bitcoin in the total crypto market capitalization is continuously decreasing: if it was 62% on March 14, then it was only 55% on April 09...
This is undoubtedly due to the lack of positive price dynamics for BTC/USD. Speculators are switching to other instruments, which allow making serious profits at the moment. And here the ripple should be noted.
The overwhelming majority of analysts (70%) gave a negative forecast for the BTC/USD pair last week, expecting it to move towards $50,000. This is exactly what happened, and the fall of bitcoin on Wednesday to $55,540 made many talk about the beginning of new "crypto freezes"...
Fortunately for investors, the panic was premature and the pair returned to the $58,000 zone on Friday. However, the question of why the main cryptocurrency failed to gain a foothold above $60,000 remains open.
Bitcoin is showing a 2% decline and is trading at $ 57,000. The crypto market yesterday scared the community a lot, reminding investors of the times when the altcoin season gave way to a sharp sell-off, to which Bitcoin itself joined, becoming a flammable mixture for panic...
Nevertheless, this time everything ended well, and the benchmark cryptocurrency stopped the decline already on the way to $ 55,600. Altcoins also stopped falling at about the same moment.
Glassnode found that miners are saving mined coins in anticipation of price increases. Direct transfers to exchanges have dropped by 40% since mid-March. It is difficult to say what level miners and other investors are waiting for to lock in profits by putting their bitcoins away from the exchanges...
Big capital and the situation in the global economy have created conditions for the development of growth.
Yesterday, we saw demand persist, helping digital currencies bounce back almost immediately following the sell-off. Moreover, Bitcoin's rebound was associated with a 12% increase in trading volume per day...
Despite the correction, the index of greed and fear for Bitcoin and the largest cryptocurrencies even increased by one point over the course of a day to a value of “73”, which corresponds to the “greed” regime in a rather moderate form. The RSI for the BTCUSD pair on the daily chart remains in neutral mode, showing no signs of readiness to move towards overbought. Now the cryptocurrency market froze in anticipation of new triggers, while the total capitalization rolled back to $ 1.9 trillion.
Bitcoin is down nearly 2% and is trading around $ 57K. Bitcoin very much scared the market participants yesterday, starting to decline sharply along with the altcoin market. The benchmark cryptocurrency slipped from almost $ 59K to $ 56K, where the correction stopped...
Yesterday, something that market participants are very much afraid of happened, especially its non-professional retail part, when Bitcoin's slippage with the simultaneous growth of altcoins is followed by a synchronous failure throughout the crypto market.
Special attention will now be paid to the actions of Bitcoin whales, since everyone understands that it is the large market participants that make the main contribution to the price dynamics. The main difference from 2017 is that impulsive sell-offs by non-professional investors are no longer able to reverse the trend in a broad sense...
Just recently, in the crypto community, attention has been paid to the sudden activation of whales. Over $ 2 billion worth of bitcoins were moved overnight on April 3. It is likely that deep processes are taking place in the market that are less visible in the community. You need to understand that in order to sell Bitcoins, it is not necessary to move them to new wallets or start / withdraw from crypto-exchanges. It is enough to give up your keys to access the asset, which is most likely used by most large players, so as not to cause shock waves in the market.
The crypto community expected Bitcoin to continue to grow after overcoming $ 60k, but the weekend rally never happened. The round level remained a very serious resistance level and managed to resist. As a result, at the beginning of the working week, Bitcoin demonstrates zero price dynamics and is trading just above $ 58,000...
The greed and fear index for Bitcoin and the largest cryptocurrencies decreased by 3 points over the course of a day, which corresponds to the “greed” mode in a moderate form, demonstrating the presence of room for growth. During the week, Bitcoin lagged behind other cryptocurrencies in dynamics.
Amid bitcoin stagnation, the BTC dominance index fell to a seven-month low. The long-awaited altcoin season, or at least a shortened version of it, has arrived on the cryptocurrency market. Several assets in this category performed outstanding Monday in the thin market on Easter holiday Monday.
* Crypto Rating accepts no liability for content of the Bitcoin reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | Volume 24h |
| 1 |  BTC |
Bitcoin predictions | 83.2% | 27 | $63 093.29 | -0.01% | 8.10% | $1 178 828 771 568 | $61 861 982 723 |
|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 59.6% | 80 | $2 504.97 | 2.88% | 19.49% | $289 287 445 914 | $32 158 540 300 |
| 3 |  BNB |
Binance Coin predictions | 57.2% | 86 | $528.64 | -2.79% | 27.21% | $81 692 702 653 | $4 680 948 351 |
| 4 |  XRP |
XRP predictions | 58.8% | 93 | $1.74 | -3.35% | 67.37% | $78 963 459 167 | $14 830 995 102 |
| 5 |  ADA |
Cardano predictions | 78% | 33 | $1.47 | 2.04% | 20.02% | $47 117 070 914 | $5 521 141 168 |
| 6 |  USDT |
Tether predictions | 90.8% | 1 | $1.00 | -0.01% | 0.06% | $46 567 491 514 | $142 829 409 154 |
| 7 |  DOT |
Polkadot predictions | 63.2% | 72 | $43.01 | 1.45% | 2.30% | $39 989 882 237 | $2 315 187 901 |
| 8 |  DOGE |
Dogecoin predictions | 58.8% | 87 | $0.233800 | 78.83% | 277.50% | $30 203 757 492 | $25 159 349 323 |
| 9 |  UNI |
UniSwap predictions | 74% | 52 | $37.22 | 3.25% | 22.60% | $19 480 690 347 | $1 282 526 501 |
| 10 |  LTC |
Litecoin predictions | 63.6% | 73 | $284.33 | 3.07% | 24.57% | $18 979 684 158 | $6 589 126 808 |
