News – Page 308 – BitcoTasks BLOG

Bitcoin Short-Term Holders Go On 1.2 Million BTC Buying Spree, Is Retail Finally Here?

April 5, 2024

Short-term Bitcoin holders have been going on a buying spree lately, accumulating over 1.2 million BTC since December 2023, according to Glassnode. Bitcoin has received major interest from investors since the beginning of the year, and rightly so, considering the amount of attention brought by the launch of Spot Bitcoin ETFs in the US. While…

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Cardano Price Tumbles As Grayscale Sells All ADA From Large Cap Fund

April 5, 2024

Cardano

The Cardano (ADA) price is experiencing a notable decrease, dropping by 12% since the start of the week, with a 2.6% dip recorded today alone. Despite this, with a market capitalization of $20.27 billion, ADA maintains its position as the 9th largest cryptocurrency. This recent downturn comes amidst a broader crypto market experiencing mostly sideways…

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Dogecoin Deflates: What’s Behind The 20% Price Drop Amidst Memecoin Mania?

April 5, 2024

Cryptocurrency Market News

Dogecoin (DOGE), the Shiba Inu-themed memecoin, finds itself in a curious situation. While the number of holders and overall interest in DOGE surges, its price has experienced a significant drop in the past week. This inconsistency reflects the broader volatility of the memecoin market, currently experiencing an influx of novice traders. IntoTheBlock, a blockchain analytics…

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Bitcoin Crash Warning: CryptoQuant CEO Sees LUNA-Like Risks Ahead

April 5, 2024

Bitcoin

Ethena Labs has revealed its latest strategic move: the inclusion of Bitcoin (BTC) as collateral for its synthetic dollar-pegged product, USDe. This decision, aimed at significantly scaling the product’s supply from its current $2 billion, capitalizes on the burgeoning BTC derivative markets for enhanced scalability and liquidity in delta hedging practices. Ethena Labs’ ambitious goal…

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ADA Price Prediction – Here’s Why Cardano Could Dump To $0.50

April 5, 2024

Ada

Cardano (ADA) is moving lower below the $0.620 resistance zone. ADA could gain bearish momentum and decline toward the $0.50 support. ADA price is slowly moving lower from the $0.670 zone. The price is trading below $0.620 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance…

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Ethereum Price Faces Crucial Test: Will $3,250 Withstand the Pressure?

April 5, 2024

Eth

Ethereum price is struggling to recover above the $3,440 resistance zone. ETH is moving lower and might decline further if it clears the $3,250 support. Ethereum is struggling to climb above the $3,370 and $3,440 levels. The price is trading below $3,380 and the 100-hourly Simple Moving Average. There was a break below a major…

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Bitcoin Price Reclaims 100 SMA But Bulls Still Face Uphill Task

April 5, 2024

Btc

Bitcoin price is attempting a recovery wave above the $66,500 resistance. BTC must clear the $70,000 resistance to continue higher in the near term. Bitcoin is facing many hurdles near the $69,500 and $70,000 levels. The price is trading above $67,000 and the 100 hourly Simple moving average. There was a break above a key…

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Cat-Themed Memecoins Growing Popularity: Traders Earn Millions With MEW and MOEW

April 5, 2024

Meme Coins

The memecoin market has been dominated by dog-themed tokens for the past few years. Despite not being as popular and well-known as their canine crypto counterparts, cat-themed tokens are starting to appear at the forefront of the meme-inspired market. Cats In A Dogs Crypto Market Memecoins can become a market sensation overnight, and their communities…

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This Bitcoin Indicator May Have Signaled Latest Market Downturn In Advance

April 5, 2024

Bitcoin News

The Bitcoin Network Value to Transactions (NVT) Golden Cross indicator attained overheated values coinciding with the recent local top in the price. Bitcoin NVT Golden Cross Surged To 3.17 During Recent Peak An analyst in a CryptoQuant Quicktake post explained that the NVT Golden Cross may have served as an indicator of the recent top…

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Bitcoin Bulls Roar: Analysts Predict Surge To $82,000 Amid Bullish Pennant Formation

April 5, 2024

Bitcoin News

Renowned crypto analyst Jelle has caught the attention of the Bitcoin (BTC) community with his bold prediction of a target price of $82,000. Notably, despite recent challenges in breaking above the $66,000 mark, Bitcoin currently hovers around $67,780, showing resilience in the face of a short-term pullback. BTC To $82,000 Soon? In an X post…

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Bitcoin NFT Market Thrives, Franklin Templeton Remains Bullish, Binance Ends Support

April 5, 2024

Bitcoin News

Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem. The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes,…

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