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Bitcoin prediction: Crypto market gets fed up as BTC faces 37% correction

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Bitcoin (BTC) has corrected below the $65,000 support, coinciding with a weakened market risk appetite.  Notably, market players have maintained that post-halving, Bitcoin needs to sustain its price above $65,000 for any real chance to establish a new all-time high. However, crypto trading expert Alan Santana has projected that BTC is primed for further correction as the market becomes frustrated with sustained consolidation. In a TradingView post on April 25, the expert noted that with market sentiment having shifted to frustration, the next major support level to watch is $51,000 to $53,000. Picks for you Why is gold valuable? Insights into its unshakeable market status 10 mins ago Build your millionaire portfolio: 3 must-buy stocks for serious growth 17 mins ago Biden proposes 25% tax on unrealized gains for high-net-worth individuals 1 hour ago Opportunity or warning sign? Only 35% of Cardano holders in profit 2 hours ago Despite fleet
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Solana Meme Coin ICO Raises Over $15 Million – Fastest Growing Cryptocurrency of 2024?

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The new Solana-based meme coin, Slothana, is poised to hit crypto exchanges in just four days following an incredibly successful presale that raised over $15 million. The frenzy surrounding Solana’s meme coins has dominated the market, propelling numerous projects to unprecedented heights virtually overnight. Many tokens originating from this popular network have experienced substantial gains in recent months. For those who have been observing during these remarkable surges, rest assured – Slothana offers a potential opportunity to join the next wave of meme coin excitement. The Next Potential Success Story Among Solana Meme Coins Slothana pays tribute to the relaxed lifestyle embodied by sloths while taking cues from the remarkable success of Slerf, another sensation born on Solana that captured widespread attention. The recent surge in daily gains, sparked by a developer mishap last month, propelled $SLERF to unprecedented levels of popularity, showcasing the potential for explos
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SUI, Solana, and Rebel Satoshi (RBLZ) top the list of the best cryptocurrencies to hold in 2024

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Solana (SOL) analysts foresee a bullish correction as developers move to fix network congestion. Sui (SUI) is poised for upward momentum in 2024 despite a marginal 0.37% downturn. Rebel Satoshi ($RBLZ) emerges as one of the best cryptos to buy, while its sister token, $RECQ, advances in its presale. Amid the recent market bust, some top altcoins like SOL and SUI have witnessed some encouraging price action. Consequently, these coins have been listed alongside Rebel Satoshi’s $RBLZ as some of the best altcoins to buy as 2024 progresses. Let’s look at what makes $RBLZ, SUI, and SOL the most favourable investment options. Solana battles congestion, implements fixes on testnet Solana developers are working hard to alleviate the congestion that previously hampered network operations. On April 12, Anza, a Solana-focused developer, introduced a new version of the blockchain software and requested validators to upgrade as soon as possible to assess the modificatio
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DogWifHat Price Jumps 17% As WIF Futures On Coinbase Near And This New Solana Rival Soars Past $15M With Only 5 Days Left

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The DogWifHat price soared 17% in the last 24 hours to trade at $3.28 as of 02:43 a.m. EST on trading volume that surged 86% to $725 million. This comes as Coinbase International is gearing up to launch WIF perpetual futures at around 9:30 a.m. UTC on April 25. DogWifHat Price Set For A Rebound Over The Falling Wedge Pattern WIFUSD Chart Analysis Source: Tradingview.com March saw the DogWifHat price surge massively to an all-time high (ATH) of $4.83, acting as the immediate resistance that the bulls have to overcome. The DogWifHat price has been on a downtrend in April, dropping within the falling wedge pattern. However, WIF looks to have found its support around $2.20, which has allowed the bulls to push the price above the upper boundary of the wedge. WIF is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained bullish run over the wedge. Additionally, the Relative Strength Index at 75 indicates that WIF is currently under in
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Crypto price predictions: BitBot, Pepe, Algorand (ALGO)

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Cryptocurrency price s drifted upwards this week as investors reacted to the risk-on sentiment in the market. That view is supported by the performance of US equities like the Dow Jones, Nasdaq 100, and S&P 500. The US dollar index (DXY) has also pulled back as geopolitical risks have faded. Bitcoin price has remained above $66,000 while altcoins like Pepe, Algorand, and  Hedera Hashgraph (HBAR) have continued rising.  BitBot ($BITBOT), on the other hand, has continued thriving as it raised over $2.8 million. Pepe price forecast The price of Pepe token bottomed at $0.0000039 earlier this month and then bounced back to a high of $0.0000080, its highest point since April 1st. It has soared by more than 100% from its lowest point this month. The token has remained above the 50-day and 100-day Exponential Moving Averages (EMA). It has also risen in the past seven straight days, the longest winning streak in months. Pepe has also jumped above the strong piv
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XRP Wallets Holding At Least 1 Million Coins Nears All-Time High As Sentiment Improves

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With the crypto market on the rise once again, XRP has seen positive headwinds and this has triggered an improvement in sentiment among investors. This positive recovery has seen more crypto investors move to acquire the altcoin, pushing a very important holder cohort toward new all-time high levels. Wallets Holding More Than 1 Million XRP Nears ATH Over the last year, there has been a lot of selling among XRP investors as the price continued to struggle. This poor performance continued despite Ripple securing multiple partial victories against the United States Securities and Exchange Commission (SEC), prompting investors to jump ship. Related Reading: Shiba Inu Whales Move Over 3.19 Trillion SHIB, Where Are They Headed? One XRP holder cohort that witnessed a lot of selling is the addresses holding at least 1 million XRP tokens. At current prices, it would mean that these wallets are holding at least $500,000 on the lower end of the cohort, making this
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Coinbase Launches PEPE Perpetual Futures

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Cryptocurrency exchange Coinbase has announced support for Pepe perpetual futures as the asset price has surged as a result. Indeed, Coinbase took to X (Formerly Twitter) to unveil the newly developed support for the meme coin futures option that will begin today. Thereafter, the asset saw its price rally to surpass $0.000007, and jump nearly 9% in 24 hours according to CoinMarketCap. Those gains are the continuation of a brilliant seven-day stretch, where the meme coin had increased by almost 40%. Subsequently, it appears set to kick off May with an uptrend in motion. JUST IN: Coinbase launches $PEPE perpetual futures. — Watcher.Guru (@WatcherGuru) April 23, 2024 Also Read: 5 Memecoins to Watch This Week With Pepe and Floki Bullish PEPE Gets Perpetual Futures Support at Coinbase Throughout 2024 thus far, meme coins have been thriving. Indeed, the assets had p particularly impressive March, when meme coin mania kicked into full gear. Although that celebrated newco
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Monetising Telegram: A New Win-Win for Creators and Advertisers

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In a groundbreaking announcement , Telegram has introduced a new monetisation strategy that marks a significant shift in social media dynamics. By allowing channel owners to earn 50% of the revenue generated from ads displayed in their channels, Telegram rewards content creators and integrates cryptocurrency into its ecosystem, offering a unique blend of technology and incentives. ️ JUST IN: #Telegram introduces a new feature enabling users to purchase in-platform ads with #TonCoin. Now, users can effortlessly promote their content or businesses on Telegram using #TON . #Cryptocurrency #CryptoNews $TON pic.twitter.com/nBOCWFVW5l — Zoura (@WeZoura) April 1, 2024 Revenue Sharing and Crypto Integration “Today, we’re introducing one of the most generous reward systems in the history of social media,” begins the announcement from Telegram , signalling a significant step forward in how content creators can benefit from their efforts. With over 1 trillion views ge
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WuBlockchain Weekly: Bitcoin Halving, Hong Kong Approves Bitcoin and Ethereum Spot ETFs, Federal Reserve Not Lowering Interest Rates in the Short Term and Top10 News

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1. Bitcoin Witnesses Its Fourth Halving This Week link Bitcoin is expected to undergo its fourth halving when the block height reaches 840,000, anticipated to occur around April 20th at 8:10 (UTC+8). Interest in “Bitcoin halving” on Google has surged to its highest historical level, with forecasted data indicating that this interest will be more than double that of the last halving in 2020, reaching 45 points and projected to reach 100 points by the end of this month. Despite recent cooling in Bitcoin’s price trend, some market analysts suggest that based on historical price patterns, Bitcoin may experience a significant rally in the months following the halving. 2. Grayscale Bitcoin Holdings Reduced by 50% link This week, Bitcoin spot ETFs have experienced net outflows for five consecutive days, with total net outflows reaching $223.49 million as of the drafting of this report. Currently, GBTC has seen historical net outflows totaling $16.59 billion, while IBIT has historical net infl
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CEX Data Report for March: Spot Trading Volume Doubles, Derivatives Trading Volume and Traffic Up Over 40%

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Data compiled by the Wublockchain team shows: Spot trading volume on major exchanges increased by 134% month-on-month in March. The top three exchanges in terms of change were KuCoin at 262%, Upbit at 198%, and Bitget at 174%. The bottom three were Crypto.com at 45%, Mexc at 46%, and HTX at 86%. Derivatives trading volume on major exchanges increased by 47% month-on-month in March. The top three in terms of change were Bitget at 148%, OKX at 105%, and KuCoin at 99%. The bottom three were Binance at -18%, Mexc at 32%, and Crypto.com at 34%. Website traffic on major exchanges increased by 43% month-on-month in March. The top three in terms of change were Crypto.com at 102%, Bitfinex at 86%, and Upbit at 80%. The bottom three were OKX at 10%, Gate at 21%, and Bitget at 23%. Note: The following data may be subject to significant suspicion of wash trading/bot activity. Spot and derivatives data are from Coingecko; traffic data is from Similarweb. Follow us Twitter: https://twitter.com/WuBlo
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Bitget featured at Token2049 Dubai with panels and key side events

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Victoria, Seychelles, April 22nd, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company is making its presence felt in the week of Token2049, Dubai. Bitget COO Vugar Usi Zade led the panel discussion around real-world asset tokenization. The company also hosted various side event s, including a Kpop Party, Bitcoin Track Day and Beach Party, during the week. Vugar participated in the session surrounding the theme of ‘Practical DeFi, Tokenization of Real World Assets for Real World Problems’. He was joined by other industry stalwarts like Andres Meneses of OG media group, Robin Ubaghs from Prop Chain, Raj Brahmabhatt from Zeebu and Anna Shakola from Cointelegraph, in the same discussion. Vugar Usi Zade shared some insights into tokenizing real-world assets and the roadmap for the growth and mass adoption of blockchain to solve real-life problems. At the discussion, he made a special mention of larger participation from the Governm
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‘Perfect Chart’ Shows 4,000,000,000 People Adopting Bitcoin and Crypto, Says Macro Guru Raoul Pal – Here’s the Timeline

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Ex-Goldman Sachs executive Raoul Pal says a chart that has tracked well in the last five years indicates Bitcoin (BTC) and crypto are very much on schedule to hit four billion users. In a new video update, the Real Vision CEO says that crypto will likely see more than one billion users by the end of 2025. Pal’s prediction is based on a model that compares the adoption rate of the internet during its early years versus crypto’s user growth rate since 2016 – when it first hit one million users. “The internet, which was the fastest adoption of technology the world had ever seen, it grew by 76% per year and then slowed down after year eight to 43% a year.  Crypto has been growing at 137% a year. It’s now at 516 million users versus 187 million of the internet at the same stage.  Then what we did is assume that crypto just slows down its growth to the same as the internet. I don’t think that’s going to happen. I think it will be faster, but by the end of 2025, we ge
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Short squeeze alert: Two cryptocurrencies with huge potential next week

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The crypto currency market remains neutral, led by Bitcoin’s (BTC) apparent consolidation phase. In the meantime, two crypto currencies present a relevant potential for a short squeeze as the week develops. The recent week’s geopolitical tensions have caused market turmoil, dropping the prices and the overall sentiment regarding cryptocurrencies. In a suddenly bearish landscape, crypto traders started to open leveraged short positions, which might backfire. Interestingly, whenever traders open a short position, they leave liquidity behind in the form of collateral assets that the crypto exchange can liquidate if the underlying asset’s price rises to an agreed-upon target. The sequential liquidation of multiple short positions drives the price upwards, and traders know it as a short squeeze. Picks for you AI predicts Ethereum price for May 1, 2024 34 mins ago AI predicts Dogecoin price for May 1, 2024 2 hours ago Bitcoin price prediction post-halving; What
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