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Bitcoin (BTC) and other cryptos stabilized on Tuesday amid rising correlations with stocks. Altcoins such as MATIC rallied over the past 24 hours, indicating a greater appetite for risk among short-term traders. Original Source
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The past April saw bearish sentiment despite being a historically favorable month for cryptocurrencies. Source
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A large amount of bitcoin supply has been accumulated between the $38,000 and $45,000 price range, according to blockchain data compiled by Glassnode. Typically, price "value" zones, areas with a large amount of trading activity, precede strong breakouts or breakdowns in price. Original Source
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“The speculation is that advertisers could be able to pay DOGE for ads and for other uses on Twitter,” explained Kryptomon Chief Marketing Officer Tomer Nuni in a note to CoinDesk last week. “We have seen the same happening when Tesla revealed the ability to pay for its goods with
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Bitcoin (BTC) and other cryptos stabilized on Tuesday amid lower volatility. Options traders remain uncertain as demand for puts began to outweigh demand for calls. Stocks were also mixed, while gold traded higher. Original Source
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●Bitcoin (BTC): $46327, +1.52% ●Ether (ETH): $3463, +5.31% ●S&P 500 daily close: $4546, +0.34% ●Gold: $1927 per troy ounce, −1.14% ●Ten-year Treasury yield daily close: 2.38% Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX);
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Ethereum moves higher in shorter timeframes and has quickly been reclaiming previous highs. The second crypto by market cap recently broke above the important resistance at $3,000 and has been outperforming Bitcoin during the last week. Related Reading | Bitcoin Almost Hits $44,000 With Terra $125 Million BTC Purchase Tempo Up As
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Bitcoin (BTC) is trying to establish a higher price range, but upside could be limited toward $51K, according to some analysts. Macro concerns remain, which has kept some traders on the sidelines, especially in the BTC futures market. Original Source
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The chart below shows the cycle in bitcoin and altcoins over the past year. When Glassnode's risk indicators reach extreme highs, a greater allocation to bitcoin is warranted, similar to what occurred earlier this year. In contrast, when risk is low for an extended period of time, traders tend to
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VeChain has been trading in the green during the last day as the crypto market shows signs of a potential recovery. The cryptocurrency could be benefiting from positive developments around its most recent partnerships. Related Reading | VeChain (VET) Sends Bearish Signals? Analyst Points Key Levels At the time of writing VET
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