, Bitcoin briefly turned positive for the year in late March and surged to a new 2022 peak of $48,189 on the Bitstamp exchange. The widely-tracked crypto"fear and greed index" also flashed greed for the first time in months due to improving market sentiment.
However, the recovery ended up being short-lived. On Apr. 18, Bitcoin plunged to $38,536, the lowest level since mid-March. The Federal Reserve’s increasing pace of interest hikes is currently the main concern for investors since a hawkish monetary policy stance is unlikely to bode well for risk assets such as Bitcoin.
The largest cryptocurrency is down a whopping 40.05% since hitting its current all-time peak of over $69,000. Yet, according to recent data provided by Glassode, roughly 75% of all Bitcoin addresses remain in profit despite the significant market correction. For comparison, only 50% were in profit in March 2020 after a massive pandemic-induced crash. Hence, it seems like the current bear market cycle is not as brutal as the previous ones.
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:
shib
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 »