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FLUX – Cryptocurrencypanther https://cryptocurrencypanther.com Latest Crypto News Fri, 14 Mar 2025 04:16:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.png FLUX – Cryptocurrencypanther https://cryptocurrencypanther.com 32 32 BTC Slips Below $82K; Altcoins Flux; TRUMP Soars 10% https://cryptocurrencypanther.com/2025/03/14/btc-slips-below-82k-altcoins-flux-trump-soars-10/ https://cryptocurrencypanther.com/2025/03/14/btc-slips-below-82k-altcoins-flux-trump-soars-10/#respond Fri, 14 Mar 2025 04:16:10 +0000 https://cryptocurrencypanther.com/2025/03/14/btc-slips-below-82k-altcoins-flux-trump-soars-10/

The crypto market today (March 14) has again pushed investors on their toes, showcasing fluctuations. Bitcoin (BTC) price slipped below $82K as of early Asian hours on Friday. Whilst, Ethereum (ETH) and Solana (SOL) prices were also trading in the red zone. However, XRP price gained alongside Ripple’s latest advancements in Dubai while TRUMP emerges as the top market gainer.

Here’s a brief report consisting of the top crypto by market cap and how their prices are delivering in the market.

Crypto Market Today: BTC & Alts Continue Facing Market Pressure

The global crypto market lost nearly 1.3% today, as indicated by a diminished market cap of $2.68 trillion. Further, it’s notable that the market action again turned bearish despite cooling inflation in the U.S., per the latest CPI report. Traders and investors reflect a panic-stricken sentiment over risk assets at the moment, primarily due to macro heat.

BTC Price Slips Below $82K

As of press time, BTC price witnessed a decline of over 2% and exchanged hands at $81,998. The flagship crypto’s 24-hour low and peak were $79,931.85 and $84,158.76, respectively. Bitcoin recorded liquidations worth $78.88 million over the past day (Coinglass data), which may be bringing some volatility to the price. Also, BTC’s market dominance slipped by 0.51% to 60.80%, indicating that altcoins are in a better position.

ETH Price Slips Marginally

ETH’s price witnessed a slight 0.3% dip as of press time and closed at $1,888. The second-largest coin by market cap hit a low and a peak of $1,823.53 and $1,919.69 in the past 24 hours. Ethereum recorded only $37.27 million worth of liquidations over the past day. Simultaneously, ETH’s market dominance remained shrunk at 8.5%, indicating other altcoins leveraging gains.

XRP Price Jumps 2%

XRP price witnessed gains worth 2% in the past 24 hours and closed in at $2.28. The coin bottomed and peaked at $2.22 and $2.34 intraday. Intriguingly, Ripple’s XRP price soars alongside a major development in Dubai. Ripple recently secured a DFSA license, expanding in Dubai’s $277B market whilst global pushes for ETF approval continue.

Solana Price Falls 1%

However, SOL price also sank in tandem with the broader market trend today, down nearly 1% to $124. Its 24-hour bottom and peak were registered as $120.91 and $128.16, respectively. Solana recorded slight liquidations worth $8.61 million in the past 24 hours.

Meme Crypto Market Today

Simultaneously, Dogecoin (DOGE) price fell by 2% intraday and exchanged hands at $0.1680. Also, Shiba Inu (SHIB) price saw a 0.5% decline, reaching $0.00001227. Pepe Coin (PEPE) also followed, slumping 7% to $0.000006797.

Top Crypto Market Gainers Today

Official Trump (TRUMP)

Price: $11.81
24-Hour Gains: +12%

Kava (KAVA)

Price: $0.4681
24-Hour Gains: +8%

Sonic (S)

Price: $$0.5004
24-Hour Gains: +7%

Top Crypto Market Losers Today

Story (IP)

Price: $5.72
24-Hour Loss: -9%

Ethena (ENA)

Price: $0.3351
24-Hour Gains: -8%

Movement (MOVE)

Price: $0.4477
24-Hour Gains: -6%

Overall, the crypto sector has again taken a bearish movement after sparking hope with a rising trajectory yesterday. With Trump’s tariffs saga bringing immense macro heat, risk assets continue to face global pressure despite optimistic advancements like the U.S. strategic Bitcoin reserve announcement.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC Crosses $98K, Altcoins Flux, IP Soars 67% https://cryptocurrencypanther.com/2025/02/21/btc-crosses-98k-altcoins-flux-ip-soars-67/ https://cryptocurrencypanther.com/2025/02/21/btc-crosses-98k-altcoins-flux-ip-soars-67/#respond Fri, 21 Feb 2025 05:21:34 +0000 https://cryptocurrencypanther.com/2025/02/21/btc-crosses-98k-altcoins-flux-ip-soars-67/

Crypto prices today (February 21) have sparked mixed investor sentiments as tokens have hovered into both red and green territories. Bitcoin (BTC) price crossed the $98K level on Friday, whereas Ethereum (ETH) traded above the $2,700 level. Simultaneously, Solana traded above the $170 mark, indicating leading coins saw growing market support. However, XRP has lost nearly 2% over the past day and is below the $2.7 level.

Notably, the recently launched Story (IP) token skyshot in value, emerging as the day’s top market gainer. Mentioned below are some of the latest market updates and how the leading crypto prices have been delivering in the past 24 hours.

Crypto Market Today: How Are BTC, ETH, SOL, and XRP Performing?

It’s worth noting that the global crypto market cap was up nearly 1% from yesterday, sitting at $3.23 trillion. Further, the total market volume in the past 24 hours rose by nearly 8% to $90.13 billion. In line with this stat, BTC, ETH, and SOL traded in the green as of press time.

Bitcoin Price Claims $98K

BTC price gained over 1% in the past 24 hours, closing in at $98,220. The flagship crypto’s intraday low and high were $96,805.78 and $98,767.19, respectively. Notably, Bitcoin’s market dominance rose by 0.23% to 60.31% today, indicating that the altcoin sector encountered more volatility.

ETH Price Jumps Marginally

ETH price witnessed a highly turbulent action over the past day and rested at $2,748 as of press time, up 0.2%. The coin’s 24-hour low and high were recorded to be $2,708.22 and $2,770.03, respectively. Notably, Ethereum’s dominance slipped to 10.25% today, per CoinMarketCap data. ETH price faces vital resistance at $2,800, a break above which could propel further gains.

XRP Price Slips

However, XRP price dropped over 2% in the past 24 hours and is currently sitting at $2.65. The Ripple-backed asset hit an intraday bottom and peak of $2.64 and $2.74, respectively. Notably, the odds of an XRP ETF have further risen as Grayscale’s filing enters SEC review mode. Given that the approval is secured ahead, the price could leverage considerable bullish support and pump.

SOL Price Springs

SOL price witnessed a slight uptick of 0.5% intraday and is currently trading at $174.55. The coin hit a low and high of $170.99 and $176.59 in the past 24 hours. The broader market trend appears to prevent the coin from gaining further.

Meme Crypto Prices Today

Meanwhile, Dogecoin (DOGE) price saw a 1.5% decline in value and exchanged hands at $0.253. Similarly, SHIB price dropped 0.5% to $0.00001552.

However, Pepe Coin (PEPE) jumped over 1% intraday, closing in at $0.000009722. Even FLOKI saw a pump of over 3% to $0.00009888.

Top Gainer Crypto Prices Today

Story (IP)

Price: $4.78
24-hour Gains: +68%

The new AI project stole the spotlight with its intellectual property (IP)-focused blockchain and associated IP token launch last week, now emerging as a hot trend with phenomenal price gains.

Sonic (S)

Price: $0.9372
24-hour Gains: 30%

Sonic price rises against the backdrop of strong market technicals and rising investor support, as indicated by a weekly surge of over 75% and rising market cap, now at $2.78 billion.

Maker (MKR)

Price: $1,405
24-hour Gains: +18%

Notably, Maker price soars against the backdrop of massive MKR burns, as per recent Whale Alert data on X.

Top Loser Crypto Prices Today

Bitget Token (BGB)

Price: $4.65
24-hour Loss: -4%

Aptos (APT)

Price: $6.37
24-hour Loss: -3%

Ethereum Classic

Price: $20.91
24-hour Loss: +3%

In conclusion, market watchers continue to extensively eye the crypto prices with uncertainty amid mixed trends. Although a strategic Bitcoin reserve bill is looming in the U.S. and numerous altcoin ETF-related filings have been made, whale accumulations & prices are stagnant. Crypto market analyst Ali Martinez further revealed on X that the recent BTC accumulation trend score signaled whales are either distributing or not accumulating. In turn, an uncertain sentiment continues to brew among traders and investors globally.

BTC Whale Accumulation
Source: Ali Charts, X

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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BTC Holds $97K, Altcoins Flux, But XRP & KAS Soar 4% https://cryptocurrencypanther.com/2025/02/14/btc-holds-97k-altcoins-flux-but-xrp-kas-soar-4/ https://cryptocurrencypanther.com/2025/02/14/btc-holds-97k-altcoins-flux-but-xrp-kas-soar-4/#respond Fri, 14 Feb 2025 05:23:48 +0000 https://cryptocurrencypanther.com/2025/02/14/btc-holds-97k-altcoins-flux-but-xrp-kas-soar-4/

Crypto prices on February 14 sparked uncertain investor sentiments globally, primarily showcasing fluctuating price trajectories after key U.S. economic data. Bitcoin (BTC) price held the $97K level despite encountering turbulence, whilst Ethereum (ETH) traded near $2,700. Besides, XRP price soared over 4% intraday, whereas Kaspa (KAS) pumped alongside to emerge as the day’s top gainer. Meme coins, on the other hand, mainly traded in the red zone.

So, let’s take a closer look at some of the day’s most trending coins and their intraday price movements.

Crypto Prices (Feb 14): BTC AT $97K, Altcoins Fluctuate

After the recent U.S. CPI and PPI data release, the crypto market appears to be uncertain. Although BTC price held $97K, altcoins mainly took a hit, hovering in the red zone. The global crypto market cap declined nearly 1% from yesterday, reaching $3.2 trillion. Further, even the global market volume plunged 21.44% to $102.13 billion.

BTC Price At $97K

BTC price witnessed a marginal 0.1% drop as of press time and rested at $97,212. The coin’s intraday low and high were $95,269.71 and $97,550.89, respectively. Bitcoin’s dominance remained the same over the past day, at 59.80%. The flagship crypto sees a sluggish movement in light of broader market trends and macroeconomic factors. It’s worth mentioning that BTC recorded $28.83 million worth of liquidations over the past day, per Coinglass data.

ETH Price At $2,700 Level

ETH price slipped nearly 1% in the past 24 hours, now trading at $2,712. Ethereum’s intraday bottom and peak were $2,615.67 and $2,725.59, respectively. Notably, the second-largest crypto by market cap showcased a dominance of 10.2% today. Ethereum recorded $27.03 million worth of liquidations over the past day, per Coinglass data.

XRP Price Pumps Over 4%

XRP price witnessed an uptick of over 4% in the past 24 hours and is now trading at $2.58. The coin’s intraday low and high were $2.42 and $2.60, respectively. Notably, the crypto pumps alongside soaring optimism for the Ripple community as the U.S. SEC recently acknowledged Grayscale‘s 19b-4 filing for an XRP ETF.

SOL Price Near $200K

SOL price witnessed a marginal 0.5% decline at the time of reporting and is now at $196.74. The coin’s intraday bottom and high were $189.43 and $197.31, respectively. Intriguingly, CoinGape reported that Pump Fun dumped $28 million worth of Solana recently, aligning with the current turbulent price action.

Meme Crypto Prices In The Red

Dogecoin (DOGE) price saw a 0.5% decrease in value, reaching $0.2632. Further, even Shiba Inu (SHIB) traded in the red, down 2% from yesterday to $0.00001647. Pepe Coin (PEPE) also dropped by 2% to $0.000009894. However, TRUMP meme coin was up by 5% to $16.36 on Friday.

Top Crypto Gainer Prices Today

Kaspa (KAS)

Price: $0.1031
24-Hour Gains: +4.5%

Helium (HNT)

Price: $3.90
24-Hour Gains: +4%

Hyperliquid (HYPER)

Price: $26.24
24-Hour Gains: +3%

Top Crypto Loser Prices Today

PancakeSwap (CAKE)

Price: $2.78
24-Hour Loss: -8%

Onyxcoin (XCN)

Price: $0.02319
24-Hour Loss: -8%

Bittensor (TAO)

Price: $381.56
24-Hour Loss: -6%

Nevertheless, despite the current sluggish performance, crypto analysts continue to reflect optimism on the market’s future prospects. Renowned market expert “Ash Crypto’ has recently posted on X, saying, “Altseason 2.0 is coming. Be prepared.”

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC Holds $97K, Altcoins Flux, FTT Up 8% https://cryptocurrencypanther.com/2025/02/06/btc-holds-97k-altcoins-flux-ftt-up-8/ https://cryptocurrencypanther.com/2025/02/06/btc-holds-97k-altcoins-flux-ftt-up-8/#respond Thu, 06 Feb 2025 05:01:46 +0000 https://cryptocurrencypanther.com/2025/02/06/btc-holds-97k-altcoins-flux-ftt-up-8/

Crypto prices today mainly continued showcasing a sluggish performance, reverberating investor uncertainty globally. Bitcoin (BTC) price faced market turbulence and stood at $97K, whereas ETH managed to trade in the green territory. Besides, XRP and Solana faced hurdles, with their intraday trading session primarily in the red zone.

However, FTX Token (FTT) emerged as the leading gainer on Thursday, defying the broader market trend. Notably, the coin rises in tandem with the FTX exchange’s Bahamas creditor reimbursement plan looming for February 18.

Here’s a brief report on some of the most trending coins’ prices on Thursday.

Crypto Prices Today: BTC, XRP, & SOL Turbulent But ETH Rises

It’s worth noting that the global crypto market cap was down 0.71% from yesterday, reaching $3.19 trillion as of press time. Further, the total market volume also witnessed a 36.88% decline to $122.2 billion. When coupled with the intraday price movements, these stats indicate that traders and investors are currently cautious.

Bitcoin Price At $97K

BTC price witnessed a nearly 1% drop in value over the past 24 hours, reaching $97,409. The flagship coin’s intraday low and high were $96,174.83 and $99,113.21, respectively. Bitcoin futures OI slipped marginally by 0.2% intraday and is currently at $58.92 billion. Besides, BTC recorded liquidations worth $35.79 million in the past 24 hours, per Coinglass data.

Despite the waning movement, the coin’s long-term prospects glimmer with optimism as institutional interest in the asset continues to rise. MicroStrategy recently rebranded itself into Strategy whilst also revealing Q4 2024 earnings. This saga garnered significant attention to BTC, as the rebranded logo contains Bitcoin’s symbol. Also, the firm grew substantially in Q4 2024, completing $20 billion of its $42 billion capital plan in the wake of Bitcoin adoption.

Ethereum Price Jumps 3% Defying Broader Crypto Market Trend

Meanwhile, ETH price witnessed an uptick of 3% in the past 24 hours and is currently trading at $2,808. The coin’s intraday low and high were $2,710.52 and $2,824.40, respectively. Ethereum rises despite $39.76 million worth of liquidations witnessed in the past 24 hours. CoinGape reported that ETH OI spiked notably, with the latest Coinglass data indicating a jump of nearly 4% in the futures OI over the past 24 hours, reaching $24.44 billion.

XRP Price Slips 3%

XRP price lost 3% of its value over the past day and is currently sitting at $2.42. The coin’s 24-hour low and high were $2.36 and $2.57, respectively. Notably, the Ripple Labs-backed asset’s futures OI slipped by nearly 1.5% and is at $3.62 billion.

Solana Price Follows

SOL price also tanked by 3% intraday, reaching $200. The crypto’s 24-hour bottom and peak were $195.39 and $207.59, respectively. The coin currently mirrors the broader cryptocurrency market trend, showcasing volatility.

Meme Crypto Prices Today

Dogecoin (DOGE) price fell by nearly 2% in the past 24 hours and is trading at $0.26. Shiba Inu (SHIB) price followed, waning 0.5% to $0.00001586. However, it’s worth mentioning that the TRUMP coin defied the trend and jumped nearly 5% to reach $18.57.

Top Crypto Gainer Prices Today

FTX Token (FTT)

Price: $2.13
24-Hour Gains: +8%

Monero (XMR)

Price: $232.91
24-Hour Gains: +4%

Ethereum Name Service (ENS)

Price: $27.71
24-Hour Gains: +4%

Top Crypto Loser Prices Today

Pudgy Penguins (PENGU)

Price: $0.01178
24-Hour Loss: -13%

Raydium (RAY)

Price: $5.48
24-Hour Loss: -9%

Ethena (ENA)

Price: $0.5438
24-Hour Loss: -8%

Simultaneously, in light of the current turbulent performance, renowned crypto market analyst Ali Martinez revealed that the signs of the Altcoins season commencing haven’t prevailed in the market yet. According to him, “Capital continues to flow out of BTC & ETH into stablecoins,” negtively impacting market dynamics.

Capital flow into crypto market
Source: Ali Charts, X

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC At $104K, Altcoins Mainly Flux, MNT Up 10% https://cryptocurrencypanther.com/2025/01/24/btc-at-104k-altcoins-mainly-flux-mnt-up-10/ https://cryptocurrencypanther.com/2025/01/24/btc-at-104k-altcoins-mainly-flux-mnt-up-10/#respond Fri, 24 Jan 2025 05:40:46 +0000 https://cryptocurrencypanther.com/2025/01/24/btc-at-104k-altcoins-mainly-flux-mnt-up-10/

The crypto prices today have raised uncertain speculations among traders and investors globally, encountering market turbulence. While Bitcoin (BTC) price traded above the $104K level on Friday, leading altcoins have shown mixed actions. Notably, Ethereum (ETH) and Solana (SOL) traded in the green zone, whereas XRP and meme coins like DOGE traded in the red.

Simultaneously, the global crypto market cap witnessed a marginal 0.11% fall over the past day, reaching $3.54 trillion as of press time. However, the total market volume witnessed a notable 40% uptick from yesterday, reaching $202.98 billion.

Here’s a brief report on some of the most renowned cryptocurrencies and their price action on January 24.

Crypto Prices Today: Bitcoin & Altcoins Flag Mixed Signals

Notably, BTC and top alts such as Ether and SOL have traded in the green, gaining 1%-3% intraday. However, XRP and meme coins such as DOGE and Shiba Inu have lost nearly 2% in value. Overall, the mixed price movements underscored a highly volatile trend currently prevailing across the broader crypto sector, with market watchers cautious over future price movements.

Bitcoin Price Today At $104K

BTC price recorded gains worth 1% in the past 24 hours and is currently trading at $104,088. The flagship crypto’s 24-hour low and high were $101,257.80 and $106,820.33, respectively. Notably, BTC price traded in the green alongside soaring optimism in light of heightened market interest in the asset. CoinGape reported that Semler Scientific revealed a $75M convertible notes offering in an effort to expand its Bitcoin strategy.

However, top crypto analyst Ali Martinez has recently posted on X, spotlighting immense greed taking over the Bitcoin market. Altogether, the current market stats have sparked uncertain speculations over the asset’s future trajectory.

Ethereum Price Today Up 2%

ETH price chart illustrated a 2% surge in the past 24 hours and is currently trading at $3,299. The cryptocurrency’s intraday low and high were registered as $3,184.07 and $3,347.66, respectively.

A recent ETH price analysis by CoinGape reveals that the token struggles to surpass the $3,500 mark amid severe market concerns prevailing in light of the Ethereum Foundation’s selloffs. Market watchers continue to eye short-term volatility amid these selloffs, driven by uncertain investor sentiments.

XRP Price Today Slips 1%

XRP price also showcased a waning movement, falling nearly 1% in the past 24 hours to $3.12. The token’s broader chart showcases a period of sideways trading, with the intraday low and high being $3.04 and $3.17, respectively.

Despite the recent slumping action, a recent XRP price analysis by CoinGape revealed that the crypto eyes a $5 price target in the wake of bullish market dynamics. Intriguingly, the coin’s potential upside includes a stockpile of catalysts, encompassing a potential Ripple ETF approval, XRP futures launch by CME, and RLUSD adoption.

Solna Price Today Rides Rollercoaster

SOL price chart indicated a highly turbulent movement, with the asset hovering in both red and green territories intraday. As of press time, SOL price gained nearly 1.5% and is sitting at $252.63. The coin’s intraday low and high were $242.50 and $257.43, respectively.

A recent SOL price analysis by CoinGape revealed that the token could potentially rally to $300 ahead, given the market sees a Solana ETF approval.

Meme Crypto Prices Today

Simultaneously, DOGE price waned by 1% in the past 24 hours to reach $0.3483. Further, even SHIB price tanked nearly 2% intraday, reaching $0.00001978. The TRUMP token also followed, crashing 11% and standing at $33.09. Overall, the broader meme coin sector has seen remarkable volatility in the past 24 hours.

Top Crypto Gainer Prices Today

Mantle (MNT)

Price: $1.17
24-hour Gain: +10%

Ethereum Classic (ETC)

Price: $27.14
24-hour Gain: +3%

Jupiter (JUP)

Price: $0.7976
24-hour Gain: +3%

KuCoin Token (KCS)

Price: $12.16
24-hour Gain: +6%

Top Crypto Loser Prices Today

ai16z (AI16Z)

Price: $0.8148
24-hour Loss: -14%

Fartcoin (FARTCOIN)

Price: $1.23
24-hour Loss: -14%

THORChain (RUNE)

Price: $2.78
24-hour Loss: -11%

XDC Network (XDC)

Price: $0.1112
24-hour Loss: -10%

Despite the current price turbulence, broader sentiments surrounding crypto prices’ future appear to be optimistic. MicroStrategy lead Michael Saylor has recently posted on X, stating, “The Crypto Renaissance has officially begun.”

This statement has sparked considerable bullishness, coming against the backdrop of Donald Trump’s recent pro-crypto movers, including the recent rescinding of SAB 121.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BlockDAG Sets $30 Target for 2030 Amid Crypto Market Flux – The Merkle News https://cryptocurrencypanther.com/2024/06/29/blockdag-sets-30-target-for-2030-amid-crypto-market-flux-the-merkle-news/ https://cryptocurrencypanther.com/2024/06/29/blockdag-sets-30-target-for-2030-amid-crypto-market-flux-the-merkle-news/#respond Sat, 29 Jun 2024 22:48:47 +0000 https://cryptocurrencypanther.com/2024/06/29/blockdag-sets-30-target-for-2030-amid-crypto-market-flux-the-merkle-news/

BlockDAG Sets $30 Target for 2030 Amid Crypto Market Flux  The Merkle News



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Bitcoin Whale Buys 1,590 BTC Amid Price Flux, What’s Next? https://cryptocurrencypanther.com/2024/05/19/bitcoin-whale-buys-1590-btc-amid-price-flux-whats-next/ https://cryptocurrencypanther.com/2024/05/19/bitcoin-whale-buys-1590-btc-amid-price-flux-whats-next/#respond Sun, 19 May 2024 14:09:56 +0000 https://cryptocurrencypanther.com/2024/05/19/bitcoin-whale-buys-1590-btc-amid-price-flux-whats-next/

Amid a highly turbulent price action illustrated by Bitcoin in the past 24 hours, a whale has been recorded accumulating a staggering 1,590 BTC from Binance, one of the world’s leading crypto exchanges. This transaction has added to the prevailing market sentiments of a post-halving bull run looming over the crypto horizon.

Notably, Bitcoin continues to experience a highly volatile price action following its halving event in April, as it entered into a “re-accumulation” phase. However, the colossal transaction mentioned above hinted that the much-anticipated price rally might not be far away.

Bitcoin Whale Accumulation Fuels Market Optimism

According to the insights offered by Lookonchain, an on-chain analytics platform, 1,590 BTC, worth $106.8 million, was accumulated via a series of transactions in the past 24 hours. Intriguingly, all these accumulations were done by the unknown wallet address 124BPp9mT…

This phenomenon has projected a ray of market optimism on Bitcoin’s future price movements. Meanwhile, recent data by Into The Block pointed out that addresses with over 1K BTC have also increased, primarily attributed to the launch of BTC ETFs.

While the factors mentioned above, such as the whale accumulation and the increase in addresses that hold massive amounts of BTC, suggest a significant increase in buying pressure for Bitcoin, it’s important to note that BTC’s short-term prospects are still uncertain. The token is currently in a re-accumulation phase, which could potentially lead to further price volatility.

Also Read: Bitcoin Maxi Spotlights 5 Reasons Why BTC Will Hit $70K Next Week

Bitcoin Price Fluctuates

At the time of writing, BTC’s price has declined slightly by 0.17% over the past 24 hours and is currently trading at $66,909. A closer look at Coinmarketcap’s charts reveals that the token’s price has been quite dynamic today, with its 24-hour lows and highs recorded at $66,663.50 and $67,694.30, respectively.

Coinglass data showcased a 0.31% increase in BTC’s OI, followed by a derivatives volume plunge of 27.49%. This data further rationalizes BTC’s current market volatility, shrouding the token’s future price movements in uncertainty.

Besides, the RSI rested at 58, signaling that the token is neither overbought nor oversold, with some upside pressure in the broader crypto market.

Also Read: 5 Trending Altcoins Worth The Hype

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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