Ethereum Price Analysis Today: key Short-term Targets for ETH to Consider Ahead

Ethereum Hits Key Resistance Line Will Bulls Break Through or Face Rejection

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  • On-chain data shows whales have been accumulating Ether relentlessly in the last few days.
  • ETH price has to consistently close above $1,687 in the coming days to invalidate the multi-week correction.
  • Ethereum has continued to bleed to Solana, and the trend is likely to continue in the coming months.

Ethereum (ETH) price followed Bitcoin (BTC) in a bullish outlook on Tuesday, April 22, potentially ending a multi-week market correction. The large-cap altcoin, with a fully diluted valuation of about $205 billion, recorded a 36 percent surge in its 24-hour average trading volume to hover about $20B at the time of this writing.

For the first time since April 6, Ether’s price rallied beyond $1.7k on Tuesday during the mid-North American session. 

Ethereum Whales Gradually Returns

According to market data from Intotheblock, Ethereum’s adoption rate has gradually grown, signaling potential decoupling from crazy speculation. The rising tokenization of real-world assets (RWAs) on the Ethereum network has helped increase on-chain activity and attract more whale traders.

On-chain data by Lookonchain shows a whale investor has accumulated 48,477 ETH from crypto exchanges since Feb 15, and is currently sitting on a loss of about $21 million. Meanwhile, cash outflow from U.S. spot Ether ETFs has significantly declined in the past few days, signaling growing market confidence.

Midterm Ether Price Target

For the first time since the second inauguration of U.S. President Donald Trump, Ether price, against the U.S. dollar pierced through the daily falling logarithmic trend. After establishing a robust support level above $1,500 in the past two weeks, Ether’s price is well primed for a market reversal.

From a technical analysis standpoint, the daily MACD indicator is approaching the bullish flippening zone. Meanwhile, the daily Relative Strength Index (RSI) has been forming a bullish divergence and a reversal will be confirmed if the indicator consistently closes above the 50 percent level.

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On-chain data shows whales have been accumulating Ether relentlessly in the last few days. ETH price has to consistently close above $1,687 in the coming days to invalidate the multi-week correction. Ethereum has continued to bleed to Solana, and the trend is likely to continue in the coming months. Ethereum (ETH) price followed Bitcoin (BTC) …

Top 3 AI Coins Smart Money Wallets Are Buying For the Last Week of April

AI coins like HOLLY, PROMPT, and DSYNC have seen notable Smart Money accumulation in recent weeks. Over the past few weeks, these three projects have stood out in on-chain activity.

Specifically, HOLLY brings visual storytelling to blockchain, PROMPT powers AI interactions across chains, and DSYNC focuses on AI and DePIN infrastructure. Despite contract risks flagged by GoPlus Security, these AI coins show rising adoption, strong trading activity, and expanding holder bases.

h011yw00d by Virtuals (HOLLY)

HOLLY, short for h011yw00d, is an AI-powered cinematic agent that turns internet conversations into short visual films. Unlike traditional formats, it tells stories without dialogue or captions, using only visuals to express emotion and narrative. As a result, the project offers a new way to interpret online interactions through AI filmmaking.

The team launched HOLLY four days ago on the Base chain. Since then, it has reached a market cap of $1.2 million and gathered over 48,000 holders.

Smart Money Holders and Total Balance for HOLLY.
Smart Money Holders and Total Balance for HOLLY. Source: Nansen.

According to Nansen, the number of Smart Money wallets holding HOLLY increased from 5 to 10 since April 18. Together, these wallets now hold around 13.4 million tokens. Additionally, the team launched the token via the Virtuals Protocol platform, one of the biggest players in the crypto AI agents space.

One of HOLLY’s top holders uses a wallet that Nansen, an on-chain analytics platform, labeled as linked to LongHash Ventures. Meanwhile, GoPlus Security, a crypto security firm, points out two key risks: the team can modify HOLLY’s tax, and they didn’t renounce ownership—both important factors for traders to monitor.

PROMPT

PROMPT is the native token of Wayfinder, an omni-chain tool designed to enable AI systems to operate across blockchain environments.

Wayfinder aims to create new methods for machine intelligence to interact with decentralized networks, facilitating more advanced on-chain AI integrations. PROMPT serves as the core asset within this ecosystem, supporting the platform’s operations and functionality.

Smart Money Holders and Total Balance for PROMPT.
Smart Money Holders and Total Balance for PROMPT. Source: Nansen.

Between April 9 and April 14, Smart Money wallets holding PROMPT jumped from zero to 20. That number has stayed the same for the past eight days.

PROMPT runs on the Ethereum blockchain. It has around 5,600 holders, a market cap of $53 million, and a daily trading volume of $706,000.

GoPlus Security flagged two risks. The team didn’t renounce ownership, and the contract allows new tokens to be minted. That could increase supply and push the price down.

Destra Network (DSYNC)

Among emerging AI coins, Destra Network positions itself as a decentralized solution for DePIN (Decentralized Physical Infrastructure Networks) and AI computing, aiming to streamline access to these technologies through a unified platform.

Currently, DSYNC has a market cap of $140 million and is held by over 48,000 wallets.

Smart Money Holders and Total Balance for DSYNC.
Smart Money Holders and Total Balance for DSYNC. Source: Nansen.

Since April 1, the number of Smart Money wallets holding DSYNC has grown from 41 to 44, and the token has seen a price increase of more than 13% in the past 24 hours. Over the same period, its trading volume reached $455,000.

According to GoPlus Security, DSYNC has two points of caution: the contract’s tax settings can be modified, and the token’s ownership has not been renounced—factors that could pose risks depending on future changes to the contract.

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ECB Wants to Change MiCA Rules, Citing Risks from Trump’s Pro-Crypto Shift

The European Central Bank (ECB) and European Commission are having a public dispute over MiCA and stablecoin regulation. The ECB believes that restrictions aren’t harsh enough, fearing US firms dominating the market.

The Commission disputed the ECB’s fears, alleging that it’s building up stablecoin-related fears to promote a controversial digital euro program. There are already signs of European irrelevance to Web3, and more restrictions likely wouldn’t help.

ECB Thinks MiCA is Too Lenient

MiCA only took effect four months ago, but the ECB is already having serious second thoughts. According to a recent report, it is concerned about the relative competitiveness of USD stablecoins, which may take over the European market.

As one commentator, Mikko Ohtamaa, put it, it has good reasons to worry about the future:

“The EU had the first mover advantage with the regulation and they screwed it up. No EU stablecoin is internationally competitive because the inherited business unfriendliness that was baked into the MiCA by the lobbying efforts of banks and other legacy financial institutions,” he claimed via social media.

Since the EU first approached the topic of stablecoin regulations, it has profoundly impacted the region’s market. After MiCA took effect, Tether left the European market altogether.

Most recently, Ethena Labs, too, pulled out of Europe after failing to get MiCA approval. These firms had no such problems in the US.

In an interesting twist, the ECB’s concern is not that MiCA is too harsh, thereby preventing innovation. As Politico claimed, it instead worries that existing regulations aren’t strong enough.

Instead, it acknowledged President Trump’s stated goal to use stablecoins to promote dollar dominance and fears that US assets could flood European markets. It wants to fight back head-on.

This is at the heart of the controversy between these EU institutions. The European Commission reacted with hostility to the ECB’s proposed MiCA changes.

Apparently, the Commission claimed that some of its specific concerns were “nonsense,” and suggested that it was merely continuing to push for the controversial digital euro.

That is, it seems that most EU institutions are satisfied with existing stablecoin regulations. Besides, if the ECB gets its proposed MiCA reforms, would that even matter?

The crypto markets reacted with shocking ambivalence to its recent rate cuts. Europe is in danger of falling behind in the global Web3 economy, and more restrictions aren’t likely to help.

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US-China Tariff De-Escalation Rumors Drive Crypto Market Toward $3 Trillion

Both Bitcoin and the stock markets surged today after Treasury Secretary Scott Bessent allegedly suggested that tariffs with China will be eased. This is the second time in a month that tariff rumors led to a market rally.

However, TradFi market hype began deflating without the White House assuring a pause, while Bitcoin remained steady. This could prove a useful data point that Bitcoin is decoupling from the stock market after previous correlation.

Bessent’s Tariff Comments Spur Market Pump

Trump’s tariffs have caused a lot of economic chaos, and the uncertainty is arguably having the worst impact on markets. Two weeks ago, false rumors of a tariff pause caused markets to pump, followed by a real pause announcement.

Today, a Bloomberg report claims that Scott Bessent believes that the US will de-escalate proposed China tariffs.

“The next steps with China are, no one thinks the current status quo is sustainable at 145 and 125 [percent]. So I would posit that over the very near future, there will be a de-escalation. And I think that that should give the world, the markets, a sigh of relief… We have an embargo now, on both sides, right?” one source claimed Bessent said.

Immediately after this rumor began circulating, Bitcoin’s price began rising alongside traditional stocks. The Dow Jones rebounded 1,000 points, the S&P 500 went up by 500, and Nasdaq rose 3%.

Together, these factors created a fresh degree of market optimism.

bitcoin price chart
Bitcoin Daily Price Chart. Source: BeInCrypto

Bessent, a longtime crypto advocate, has been more ambivalent than other cabinet members like Peter Navarro or Howard Lutnick regarding tariffs.

Additionally, regardless of his personal beliefs, he has no actual authority to change Trump’s decision. After a period of relief, TradFi stocks began to fall once again.

Nasdaq Deflates from Tariff Hopes
Nasdaq Deflates from Tariff Hopes. Source: Google Finance

There are two interesting takeaways from this. First of all, two weeks ago, the stock market fell after the White House officially denied pause rumors. Today, however, there hasn’t been any official response to Bessent’s tariff comments.

Nonetheless, traditional markets still fell, while BTC remained steady above $91,000 and the overall crypto market cap hit $2.96 trillion.

Does this data give credence to the notion that Bitcoin will be safe during a recession? It’s hard to say so far. If it rises alongside bullish macroeconomic developments but remains stable during bearish ones, that seems too good to be true.

Still, it’s subject to very different concerns from TradFi. Investors should closely examine further tariff rumors in the future.

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XRP Liquidation Imbalance Fades as Bulls Fuels Price Breakout

XRP Liquidation Imbalance Fades as Bulls Fuels Price Breakout

The crypto ecosystem is in the spotlight as the price of Bitcoin has fueled an unusual bullish shift for assets like Ripple Labs-linked XRP. With the broad-based rebound, XRP surprisingly saw its liquidation imbalance fade over the past 24 hours. Per data from Coinglass, the asset has seen almost balanced liquidations between long and short traders. Where price is heading now remains to be seen.

The XRP Liquidation Trend

At the time of writing, XRP has seen a mild liquidation of $5.61 million in 24 hours, per Coinglass data. Surprisingly, futures traders have seen less exposure to XRP as altcoins like Solana (SOL), Dogecoin (DOGE), and Fartcoin surge ahead of XRP per daily liquidations.

The data shows that long traders suffered $2.73 million in liquidations, while short position traders suffered a loss of $2.88 million. Meanwhile, the liquidation trend shows that the imbalance has evened out. Notably, the trend shifted in shorter time spans, as short traders suffered more liquidations than long traders in 12 hours.

As the Coinglass data showcases, the shift in the broader market has pushed as many as 108,567 traders into losses as of this writing. Mostly, the uptick registered as Bitcoin reclaimed a 2-week high has shifted the broader market trajectory, even for XRP.

XRP Price Welcomes Multi-Week Breakout

It is worth noting that the fourth-largest cryptocurrency by market capitalization has rallied by over 3.11% as of writing. The coin now trades for $2.149, the highest level it has traded in about three weeks.

With this latest rally, the coin has pared off its losses over the past week, up 1.37%. Other important metrics are also in the green, signaling a broad-based rally in the market. The trading volume, for instance, has jumped by over 14.56% to $3.07 billion.

Market analysts have predicted a possible rally to $2.7 for the XRP price as Ripple network activity soared 70%. It remains to be seen whether the current momentum can fuel a reboot in the coin’s price.

How High Can Ripple Coin Soar this Month?

Historically, the Ripple Labs-linked digital currency has ended the month of April on a positive note. According to Cryptorank data, the average growth rate of XRP in April is 24.6%. Thus far this month, the top coin has only recorded a 3% growth, implying more room for growth.

XRP Monthly Returns
XRP Monthly Returns. Source: Cryptorank

If the historical trend plays out again, XRP price may end this month on another bullish note. Notably, this will be the coin’s best performance since at least 2022. Amid the growing clamor for an XRP ETF product with the US SEC, the coin has the right fundamentals to grow.

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Shiba Inu Price Is Ready For 512% Bullish Breakout, Here’s Why

Shiba Inu Price Is Ready For 512% Bullish Breakout, Here's Why

Shiba Inu price may be preparing for a major surge, with some analysts predicting a potential breakout of over 512%. This comes after the coin has shown consistent patterns, with analysts suggesting that a massive rally could soon be underway.

Shiba Inu Price Hints At Over 500% Rally

Shiba Inu price has been consolidating, which some experts believe is the final phase before a possible upward movement. According to market analyst Javon Marks, SHIB displays a large Inverse Head and Shoulders formation, which is often associated with bullish price movements. At press time, the SHIB price was trading at $0.0000131172729, a 6% surge from the support level.

The SHIB price could surge toward the breakout target of $0.000081, representing a gain of more than 512% from its current level of around $0.00001252.

Image

This chart pattern has been historically reliable in predicting upward price trends in various cryptocurrencies. It suggests that a sharp rally could follow after the final shoulder completes, bringing SHIB to new highs.

Historical Price Movements Support Potential Surge

Analyzing SHIB’s past price fluctuations offers more evidence to support its potential for a significant uptick. In 2021, Shiba Inu surged more than 1,000% from $0.000005 to $0.00008026 in a matter of weeks. According to MMB Trader, this sharp move was followed by a consolidation period during which SHIB price demonstrated a remarkable ability to rebound around key support areas.

SHIBUSD price chart (Source: TradingView)
SHIBUSD price chart (Source: TradingView)

Another similar event happened in the year 2024, SHIB surged by nearly 400% within a short period. However, after this rally, the coin reversed and is trying to stabilize on these support levels again, indicating another price rise.

From the chart, the consolidation of SHIB above the support level of $0.00001 is an indication that the meme token is preparing for a surge to the upside. If the Shiba Inu price breaks through the current resistance levels, such as $0.00002562, a 200% increase in price is possible, and further gains could follow.

Increased Long-Term Holders Reflect Confidence in SHIB

Data from IntoTheBlock shows a rise in long-term holders of Shiba Inu, which may further support the case for a bullish breakout predicted by Coingape earlier today. The number of SHIB holders who have maintained their positions for over a year has increased by more than 2%.

This shift in investor behavior suggests that many see long-term potential in cryptocurrency and are willing to wait for the price to rise.

Shiba Inu Addresses by Time Held Data (Source: IntoTheBlock)
Shiba Inu Addresses by Time Held Data (Source: IntoTheBlock)

In contrast, short-term traders have decreased by almost 17%, indicating a move away from speculative trading toward a more patient, long-term holding strategy. This may help stabilize the price as the market prepares for potential upward momentum. As long-term holders continue to hold their positions, they could act as a strong support base if a rally begins.

Resistance at $0.000014 May Present Key Challenge

Despite the SHIB price displaying several technical indicators that point toward an upside, many hurdles remain. Based on IntoTheBlock data, many SHIB tokens have piled up near key levels of $0.000014.

At this price range, there are over 49k addresses holding over 22,743 trillion in SHIB. Should the token price reach such a level, holders who acquired SHIB tokens at these levels and above may want to sell.

Shiba Inu Addresses: (Source: IntoTheBlock)
Shiba Inu Addresses: (Source: IntoTheBlock)

This can be quite negative to Shiba Inu price since a significant amount of buying pressure is required for the price to breakout and get past this level. So long as the buyers can stem the selling pressure from these holders, SHIB will likely head for the higher targets. If it does not go out of the channel and break the $0.000014, the price will most likely return to the middle of the channel area and try to rally again.

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Bitcoin Price Today; Ark Invest, Fidelity and Blackrock Capitalize on Trump Comments to Buy $381M BTC in 24 Hours

US Bitcoin ETF Records Highest Inflow of $381M in 58 Days

Bitcoin price surges past $91,000 as ETF inflows hit $381M; Trump’s Fed comments fuel risk rotation into crypto assets.

Bitcoin (BTC) crosses $91K as Trump ignites capital flight to crypto

Bitcoin (BTC) surged past $91,000 for the first time in 52 days, as institutional capital rotated into crypto markets following renewed political friction over U.S. monetary policy.

According to BBC reports, President Donald Trump’s has made fresh attacks on Federal Reserve Chair Jerome Powell—accusing him of politicizing rate decisions and stifling economic recovery—amplified volatility in equities and bonds, driving risk-sensitive investors toward digital assets.

 Bitcoin Price Action, April, 22, 2025 | Source: Coingecko
Bitcoin Price Action, April, 22, 2025 | Source: Coingecko

Speaking Monday, Trump warned that Powell “should do the rate cuts because the European Central Bank has already moved,” threatening his removal if reelected. Powell has maintained his intention to complete his term, which ends May 2026.

US dollar index, April 22, 2025 | Source: YahooFinance
US dollar index, April 22, 2025 | Source: YahooFinance

Meanwhile, the U.S. Dollar Index fell to 97.92—its lowest since 2022—while 10-year Treasury yields jumped above 4.4%, underscoring market unease over perceived political interference.

ETFs signal institutional conviction as Ark, BlackRock, Fidelity drive inflows

Crypto market reactions after Trump’s latest comments also reflect growing institutional demand. According to SosoValue data Spot Bitcoin ETFs recorded $381 million in net inflows Monday—the strongest single-day acquisition since January 2025. This prompted BTC price to rally 4.5% in the last 48-hours, to hit the $91,200 on Tuesday.

As seen in the chart above, Ark Invest’s ARKB led the surge with $116 million in flows, followed by Fidelity’s FBTC with $87 million and BlackRock’s IBIT with $41 million.

Bitcoin ETF flows as of April 21, 2025 | Source: SosoValue
Bitcoin ETF flows as of April 21, 2025 | Source: SosoValue

These inflows point to deepening conviction among U.S.-based asset managers that crypto remains a viable macro hedge, particularly as political instability clouds traditional monetary policy.

More so, the appointment of Paul Atkins as SEC Chair has also helped sentiment. Known for his market-friendly stance, Atkins has pledged to “prioritize a regulatory framework that supports innovation in crypto,” signaling a likely shift away from the enforcement-heavy approach of Gary Gensler.

Bitcoin Price Forecast Today: Breakout momentum targets $94,000 next

Bitcoin price forecast today remains bullish after BTC confirmed a breakout from a tight 3-week consolidation, rising 4.93% to $91,214.

The 12-hour chart shows BTC decisively above its 5, 8, and 13-period simple moving averages, with upward sloping angles—a classic continuation signal. The RSI reading at 71.77 indicates short-term overbought conditions, yet the divergence from the RSI moving average (57.46) reinforces bullish momentum.

Bitcoin Price Forecast Today
Bitcoin Price Forecast Today

This setup suggests BTC could extend toward the $94,000–$95,000 zone if ETF demand persists and macro instability continues. Traders should monitor $87,900 as the next major support, with a break below $88,500 potentially signaling exhaustion. Until then, the broader trajectory remains skewed to the upside.

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Quickswap Founder Shares What it Takes to Build a Successful DEX

QuickSwap Founder on DEXs

In this exclusive BrandTalk interview with Roc Zacharias—CEO and co‑founder of the Layer 2 DEX QuickSwap—he shares the key lessons from his journey as a Web3 founder.

Having left a doctoral program behind after reading the Bitcoin whitepaper, Roc explains how Sandeep Nailwal, Polygon’s co‑founder, approached him with the idea that ultimately became QuickSwap.

He also reveals why he declined a multimillion‑dollar investment offer from Lightspeed, Coinbase Ventures, and Mark Cuban—and how he built QuickSwap into a leading DEX without significant VC funding.

Roc emphasizes that prioritizing decentralization—rather than venture capital—was essential to QuickSwap’s success.

“No VCs to dump on, and truly permissionless access for users,” he says, “that’s how we became the top DEX in Web3.”

Further, he views the evolving pro‑crypto regulatory climate in the U.S. as a bullish sign for the industry, albeit wryly noting it’s thanks to “being the largest funders of the 2024 Web3 elections.”

Throughout the conversation, he stresses the value of social capital over purely financial gains and warns new founders that reputation is fragile: “You must earn community trust if you want lasting leadership.” He also counsels founders to balance community focus with sustainable revenue—“you still need to make money,” he jokes.

Roc Zacharias further highlights that for founders, the most obvious challenge remains the uncertainty – ups and downs – of the Crypto market. One must prepare for longetivity to ensure survival.

Moving ahead, he recounts why, despite seeing his token stake appreciate by 2,000×, he gave away all his tokens to the community—a decision he believes was critical to QuickSwap’s ethos and adoption.

Finally, he offers his ultimate advice for ambitious entrepreneurs seeking to make their mark in Web3.

Watch the full interview with BrandTalk host Lilly Douse to learn how today’s founders can thrive without over‑relying on VC dollars—and build truly decentralized, community‑driven projects.

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Why Bitcoin & Ethereum Price Surge Today? Key Reason Behind It

The post Why Bitcoin & Ethereum Price Surge Today? Key Reason Behind It appeared first on Coinpedia Fintech News

After weeks of sideways action, Bitcoin and Ethereum are finally showing strong signs of recovery. Bitcoin has jumped to a seven-week high of $91,000, climbing from a recent low of $74,400, a gain of around 22%. 

But this price jump isn’t just about Bitcoin, Ethereum too, is back in the green, now trading above $1,700 after a solid 5.5% rise in just 24 hours.

So, what’s behind this sudden price pump? Let’s break it down.

Institutional Money is Flowing Back into Bitcoin 

One of the biggest reasons behind Bitcoin’s jump is the return of institutional investors. In the last few weeks, U.S.-based Bitcoin ETFs saw their biggest daily inflow, pulling in $381.3 million

Leading the charge was ARK’s Bitcoin ETF with $116 million, followed by Fidelity’s fund with $87 million. This strong inflow shows that institutional players are confident about Bitcoin’s future again.

Political Pressure on the Fed to Cut Rates

Another key reason is the political pressure being placed on the Federal Reserve. U.S. President Donald Trump is urging the Fed to lower interest rates, which often leads investors to seek out alternative assets like Bitcoin and Ethereum. 

There are even talks of whether Trump could try to remove Fed Chair Jerome Powell, which is creating uncertainty in traditional markets.

Dollar Weakness and Growing Liquidity

The U.S. Dollar Index (DXY) recently hit its lowest point since February 2022, dropping to around 98.77. A weaker dollar tends to boost crypto prices, especially when global liquidity is on the rise. 

As more money flows through the system, digital assets like Bitcoin and Ethereum often benefit.

Bitcoin & Ethereum Price Outlook

As of now, Bitcoin is trading at $90,859, up 4%, with a market cap near $1.8 trillion. But crypto expert Ali Martinez warns of hurdles ahead, as key resistance levels between $95,600 and $98,290 could slow it down. If Bitcoin breaks through, though, the path to $100K might finally open up.

On the other hand, Ethereum is seen trading around $1,695, up 5.5% in the past day. According to Crypto Rover, two big investors (called whales) just bought 4,500 ETH worth $7.36 million. 

This shows strong trust in Ethereum and could help push its price even higher—some even believe it might reach $10,000 someday.

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After weeks of sideways action, Bitcoin and Ethereum are finally showing strong signs of recovery. Bitcoin has jumped to a seven-week high of $91,000, climbing from a recent low of $74,400, a gain of around 22%.  But this price jump isn’t just about Bitcoin, Ethereum too, is back in the green, now trading above $1,700 …

Bitcoin Price Regains $91k After Seven Weeks: Top Reason Bulls are Ruling the Crypto Market

Bitcoin Price Prediction for Today BTC Recovering Despite Mantra Rug-Pull

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  • The Bitcoin’s fear and greed index surged from 37%, representing fear, to 47%, indicating neutral, in the last 24 hours.
  • Technical and fundamental analysis suggest the crypto market will gain bullish momentum ahead.

Bitcoin (BTC) price led the wider altcoin market in recording gains in the past 24 hours. For the first time since the March 4 selloff, Bitcoin price rallied over 5 percent in the past 24 hours to trade above $91.3k on Tuesday during the mid-North American session. 

The wider altcoin market signaled bullish sentiment, thus the total crypto market cap gained over 3 percent to hover about $2.95 trillion at the time of this writing. Following the heightened volatility, more than $348 million was liquidated from the crypto-leveraged market, mostly involving short traders.

Forecasted Behind Bitcoin and Crypto Pump Today

Renewed Demand from Whale Investors

As gold price rallied to a new all-time high of about $3.5k/oz earlier on Tuesday, on-chain data shows whale investors have shifted focus on Bitcoin and selective altcoins. The renewed demand for Bitcoin and the altcoin market, by whale investors, significantly catalyzed bullish sentiment. 

Notably, the U.S. spot BTC ETF issuers recorded a net cash inflow of more than $381 million, possibly signaling an end to a longstanding dry spell.

Rising Open Interest (OI)

According to market data from Coinglass, the total crypto Open Futures (OI) increased by about 13 percent in the last 24 hours to hover about $120 billion. Bitcoin’s OI surged by over 16 percent in the past 24 hours to hover around $69 billion at the time of this writing.

Macroeconomic Tailwinds

The wider crypto market gained a bullish outlook on Tuesday, partially catalyzed by notable gains in major stock indexes. The Dow, S&P 500, and the NASDAQ indexes had gained at least 2 percent during the mid New York trading session.

The improving negotiations of the global trade war played a crucial role in the bullish outlook.

What Next?

From a technical analysis standpoint, BTC price is well positioned to rally towards a new all-time high in the near future. According to Standard Chartered’s Geoff Kendrick in a note to investors on Tuesday, BTC price could rally to a new all-time high if concerns over the Federal Reserve’s independence persist.

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The Bitcoin’s fear and greed index surged from 37%, representing fear, to 47%, indicating neutral, in the last 24 hours. Technical and fundamental analysis suggest the crypto market will gain bullish momentum ahead. Bitcoin (BTC) price led the wider altcoin market in recording gains in the past 24 hours. For the first time since the …