Market Wrap: Bitcoin Rebounds Amid Lower Volatility, Altcoins Outperform

Ten-year Treasury yield daily close: 2.38%

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 atBitcoin's trading volume across major exchanges remains relatively low, according to CoinDesk data, despite trading activity tending to increase around the first and last weeks of the month.

The chart below shows large volume spikes, which typically occur during price drops. Some analysts noticed that BTC tends to decline around the beginning of the month before a recovery unfolds, similar to what occurred in February and March., which suggests less bearish sentiment among option traders. The ratio has stabilized over the past two weeks, which could precede higher volatility, especially if BTC breaks above or below its short-term trading range.

The options market is placing a 55% probability that BTC will trade above $44,000 in May, according to data provided byAltcoin roundupThe three-week-old GMT rose by as much as 52% on Friday to highs of $3.11. GMT is the governance token of Stepn, a fitness app that allows users to access in-game features, such as being able to mint virtual sneakers, upgrade “gems” and participate in governance voting.

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Bitcoin has just reached a resistance point within this ascending channel. If it breaks the $48K range successfully, bullish momentum will continue Y’all follow lowrybtc She’s a super underrated Bitcoiner who have been following her tweets and tip closely Follow her

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Bitcoin Price Dipped to $44K as Total Crypto Market Sheds $100 Billion (Market Watch)Bitcoin lost about 4% of its dollar value in the past 24 hours , whereas the total cryptocurrency market cap shed some $100 billion in a somewhat anticipated drawdown.
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Biggest Movers: ZIL Jumps on Metapolis News, as AAVE Almost 15% Higher on Friday – Market Updates Bitcoin NewsZIL's price spiked as markets gear up to the release of Zilliqa’s metaverse service platform Metapolis. Prices are now up over 300% this week. Double up your coins 👉🌏 0xPolygonDouble What is your opinion about the current Bitcoin state, since its Fear and Greed Index is 51 - NEUTRAL, with price of 46557.140444577426 usd? Our analytical team has done extended research regarding BTC, but we want to hear your opinion also. Thanks so muuuuuccccch for this gift 0xPolygonDouble
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Bitcoin Consolidation Continues, Solana Soars 10% to a 2-Month High (Market Watch)Bitcoin keeps trading at around $47,000, while Solana skyrocketed by double-digit percentages to its highest price tag since late January.
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U.K. Consumer Games Market Grew to $9 Billion in 2021The U.K. consumer games market was valued at £7.16 billion ($9.4 billion) in 2021, a growth of 1.90% from £7 billion in 2020, according to the annual valuation report released by trade body, the As…
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