Market Wrap: Altcoins Outperform as Sentiment Improves; Bitcoin Within 'Value Zone'

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 80 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

MARKET WRAP: Bitcoin $BTC and other cryptos rose on Tuesday, suggesting a greater appetite for risk among traders. Here's a look at some data.

Ten-year Treasury yield daily close: 2.91%

Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index ; Ether is the CoinDesk Ether Price Index ; Gold is the COMEX spot price. Information about CoinDesk Indices can be found atA large amount of bitcoin supply has been accumulated between the $38,000 and $45,000 price range, according to blockchain data compiled by Glassnode.

"Despite an additional two months of sideways consolidation, a large proportion of the market appears unwilling to spend and sell their coins, even if their coins are held at a loss," Glassnode wrote in a blog post. That suggests price-insensitive traders hold much of bitcoin's supply above the $40,000 price level.

So far, long-term price momentum has deteriorated, so it remains to be seen if traders will continue to find attractive buying points between $35,000 and $42,000. From a technical perspective, a breakout or breakdown of the current price range is needed to confirm a shift in trend.of bitcoin's year-long price range. Currently, the midpoint indicates short-term support at $38,590.

The recent decline in buy volume relative to sell volume, however, could indicate a lack of conviction among bitcoin buyers. If a breakdown of the current range occurs, secondaryTerra’s LUNA surges 11% as UST becomes third-largest stablecoin:outperformed the wider crypto market, rising by as much as 11% over the past 24 hours. The move comes after a nearly 37% drop in the first two weeks of April following lifetime highs of $120 earlier this month.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good news! I bought a little more on Ownr wallet before it so it is time to hodl!

Hi,Im Iranian man who lost all my capital investing in brg token,which was $3000 Please help.Send me BRG or USDT

Spellfire is the future of CCG with the added bonus of giving people the opportunity to get in super early right now.

Get MetagwaraToken in your bags before you miss out from it. It’s growing at an exponential rate and once it’s gwaraverse kicks off, a bullish run is imminent. This second quarter is really stocked for them and a strong uptrend is expected. Don’t be left out

XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.

don't forget to check out the new animated pet and creature animations can you support me

This banner popups everytime I open your app. It's annoying ah.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin․com Exchange Market Insights Report for April 2022 – Promoted Bitcoin NewsThis is the inaugural monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market puli pulitoken PULIFAM PULI pulitoken100x ⚠️The Bitcoin Autobot Trading Identified this as potentially FAKE NEWS - 🚨 BEWARE 🚨 The Growth'- Openworld entered the top 7 metaver gainers for the past 7 days. Congratulations to them. A potential project. Find out about their vision! htty://t.me./OpenworldVision/307
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin, Ethereum Technical Analysis: BTC Hits 1-Month Low, Following Easter Selloff – Market Updates Bitcoin NewsFollowing a weekend of bearish pressure, BTC fell to its lowest level in over a month. ETH also neared a one-month low. 🚨BREAKING NEWS🚨 🏝️ SEKUYA 🏝️ ULTRA-RARE NFT IS DROPPED ALSO INCOMING: ⌛NEW PARTNERSHIP ⌛SOMETHING ABOUT '🤝' ⌛10k RARE NFTs SNEAK PEEK ✅A LOT OF NEWSPAPER MORE INFO? JOIN sekuyaofficial Bnb Crypto Skuy CryptoNews InfinityWar DrStrange2 the strongest bullish signal flashed for Bitcoin . Not trend reverse but price bounce is anticipated! All_Time_Highfx is a super BTC Trader I’ve been following his tweets and tips seriously & I’ve been doing great $AVAX $PYR $REN $KEY Cryptocurrency 🔥 BITGERT UTILITIES 🔥 🟣GAS FREE BLOCKCHAIN And very high speed 🟣WALLET for Android 🟢WALLET for ios very soon 🟢Zero trading fee in brise exchange very soon 🟣STAKING PLATFORM 🟣AUDIT PLATFORM 🟣BRISE PAY 🟣 METAVERSE 🟣START UP STUDIO 🟣 WEB3 🟣 + OVER 135K HOLDERS
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin, Ethereum Technical Analysis: BTC Back Above $41,000 as Crypto Bulls Return – Market Updates Bitcoin NewsFollowing recent losses, BTC rallied on Tuesday, as bulls appeared to have returned to cryptocurrency markets. Hi Own a token and list it in an exchange 👇 The following tokens are for sale 👇 FIFA - Verizon - Cisco 👇 The price of each piece is $ 300k Or Help me sell them and get $ 50k Investing directly in crypto is too risky, I don't like high-risk investments, I like stable investments. I am now rewarded with ETH through Yield Farming Defi, which is an almost zero risk investment.
Source: BTCTN - 🏆 531. / 51 Read more »

Crypto Market Liquidations Reached $200 Million as Bitcoin Breaks 80-Day SupportBitcoin fails to bounce off support line, drops below $39,000, creating even more pressure on the cryptocurrency market BTC scamm 🔥Join and Invite friends ➡️ ShibalnuEvent BAYC perfectly 🌠💯 Free Airdrop ShibalnuEvent
Source: Utoday_en - 🏆 295. / 63 Read more »

Crypto Markets Lost $80 Billion in a Day as Bitcoin Dumps Below $40K (Market Watch)Bitcoin dumped to a monthly low beneath $39,000, and the crypto market cap declined by about $80 billion in a day.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Biggest Movers: RUNE Rises by Over 20% Today, as NEAR Climbs to Resistance – Market Updates Bitcoin NewsNEAR rose to its highest level since last Thursday, as prices rebounded from recent lows. SAND and RUNE also climbed.
Source: BTCTN - 🏆 531. / 51 Read more »