Exchange outflows hit a yearly high, suggesting bullish conviction. ETH’s price may find it challenging to surpass $3,255 in the short term. Surprisingly, Ethereum (ETH) saw its greatest number of withdrawals from exchanges on April 18, 2024. According to CryptoQuant, a total of 143,000 ETH were taken out of trading platforms on that day by … Read more
CEO of Bitwise, Hunter Horsley, anticipates an uptick in Bitcoin ETF holdings among wealth management firms. This forecast arises as Bitcoin ETFs prepare for increased popularity following the cryptocurrency’s halving event. Horsley’s forecast agrees with the common market opinion that there is growing interest in ETFs for Bitcoin investment, as shown by the US market … Read more
This week, Bitcoin (BTC) is providing some well-known humorous images or themes, not just because of its “4/20” halving event. Due to the thriving performance of Bitcoin ETFs on the stock market, many analysts are praising the recent Bitcoin halving as nearly ideal. A meme-filled Bitcoin halving During this Bitcoin halving, the price may be … Read more
LTC was up by more than 9% in the last seven days. Metrics suggested that Litecoin was undervalued. The crypto market shifted to a bullish trend the very next day following Bitcoin‘s [BTC] latest halving event, enabling several digital currencies such as Litecoin [LTC] to deliver remarkable gains. Based on recent information, it’s possible that … Read more
DOGE rose 3% to $0.157 in the hours following the Bitcoin halving. Whales were taking long positions for DOGE in the futures market. The Bitcoin halving, a significant event in the cryptocurrency sector, took place and the attention quickly turned towards the broader market’s response. DOGE’s historical relationship with halving Dogecoin [DOGE], the largest memecoin … Read more
The low NVT ratio suggested the token had hit its midterm bottom Technical analysis predicted a surge to $0.82 for ADA. According to the adjusted 90-day NVT ratio signaling, Cardano (ADA) might be close to sealing bears’ fate in a metaphorical coffin. For those who are not aware, NVT represents the Network Value divided by … Read more