The 30-day MVRV was negative, indicating a potential accumulation area for ADA. While large transactions decreased, active addresses increased, indicating a possible increase to $0.76. Cardano [ADA] has lost 40.60% of its value in the past 90 days, prompting speculation that the token may not be able to repeat its performance in 2021. At the … Read more
Bernstein predicted a potential market expansion for Bitcoin and Ethereum ETFs. Technical analysis supports bullish Bitcoin trends despite recent consolidation phases. Despite recent fluctuations, Bitcoin’s remains [BTC] The market trajectory remains a focus for investors and analysts alike. Over the past week, Bitcoin has struggled to maintain its momentum above $70,000, although it reached $71,000 … Read more
Ethereum’s price is approaching $4,000, driven by optimism surrounding newly approved ETFs. Market analysts suggest that the potential for Ethereum could reach as high as $10,000 in the current cycle. In the wake of the US Securities and Exchange Commission (SEC) approving applications for Ethereum [ETH]-based Exchange Traded Funds (ETFs), the king of the altcoins, … Read more
The Puell Multiple suggests that Bitcoin is undervalued, indicating potential investment opportunities. Recent market volatility led to significant liquidations, with Bitcoin traders facing losses of over $71 million. Bitcoin [BTC]the pioneering crypto, recently enjoyed a rally that pushed the price above $71,000 earlier this week. However, Bitcoin is currently seeing a decline of 3.3% in … Read more