Bitcoin Ends 5-Month Losing Run — Real Reversal Or Just April Fool’s Hype?
A cluster of roughly 650,000 Bitcoin sits at the $70,000–$72,000 price range — coins bought by investors who are now waiting to break even. That supply overhang is the wall Bitcoin must climb if its March recovery is going to mean anything. Related Reading: Ripple’s RLUSD Stablecoin Sits On $1.57 Billion In Reserves: Audit Firm A Streak That Hasn’t Been Seen Since 2018 Bitcoin closed March up 2%, snapping five consecutive months of losses. It was the longest such run of red monthly candles since 2018, and data from CoinGlass confirms the streak is over. The final close puts Bitcoin....
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Arizona lawmakers are weighing a bill that would let the state keep digital assets in a reserve instead of selling them off, and XRP is one of the names on the list. Related Reading: Bitcoin Ends 5-Month Losing Run — Real Reversal Or Just April Fool’s Hype? The proposal would place those assets under the state treasurer’s control, and it could also let the state earn extra returns through staking, airdrops, or limited lending if the move does not raise financial risk. What The Fund Would Hold SB1649 creates a Digital Assets Strategic Reserve Fund made up of digital assets that are held by,....
Bitcoin and the whole crypto market turned green at the close of April. The run-up to this month’s $4.2 billion options expiry was uneventful, with no signs of dissent. After a brief fall below the $53,000 support level on April 29, Bitcoin rallied 10% by midday to reclaim its previous high of $57,400. Related article | […]
The Hyperliquid (HYPE) token is under heavy selling pressure as concerns mount over a looming $12 billion unlock event. Trading at $43.37, HYPE has fallen more than 12% in the past 24 hours and is down 20.8% this week, raising alarm across the crypto market. Related Reading: Is Shiba Inu At Risk Of Losing Its […]
"Dogecoin Day 4/20" and a SpaceX rocket launch are two events fuelling DOGE/USD as year-to-date gains pass 7,500%. Bitcoin (BTC) may be flagging, but one cryptocurrency could not be less fazed by the market downturn, hitting new all-time highs.Dogecoin (DOGE), the altcoin based on a Shiba Inu meme, passed $0.40 for the first time on April 19, capping weekly gains of 400%.New all-time highs keep coming for DOGEThe rags-to-riches moves by DOGE throughout 2021 have wowed pundits and left former bagholders weeping. Now, it appears that even a flash bear market cannot stop its moonshot.Just....
At the start of the April 2nd session, we noted that litecoin was showing some initial signs of reversal when it failed to reach down to the 1.60/1.61, March low. As we get started with the April 3rd session, we are seeing some initial signs of the anticipated bullish reversal, at least for the short-term. Litecoin (LTCUSD) 1H Chart April 3rd, 2015. In the 1H chart ,we can see that price spiked up during early part of the April 2nd session, pushing to 1.72 before stalling. This took ltcusd above the cluster of 200-, 100-, and 50-hour SMAs. We also saw the 1H RSI break above 60, showing....