On Friday, Bitcoin’s (BTC) price remained essentially constant in the mid-$29,000 range. The Fed is expected to raise rates by 25 basis points next week based on US economic data, but economists anticipate that the Fed will suspend its rate-hiking cycle in subsequent sessions due to worries over the banking crisis. The bull market for Bitcoin in 2023 is still strong, and long-term bullish indicators like the golden cross, 200DMA, and realised price encourage dip purchasing. A rally towards resistance in the $32,500–33,000 area and to new annual highs appears to be in the cards, according to chart analysis, which places the BTC price in the top part of a $26,500/$27,000 to $31,000ish range. News Sorce

The amount of Ethereum held by whales and sharks has increased, with 7091 addresses now holding 1,000 or more ETH. This shows that despite brief price changes, this group maintains a bullish long-term perspective. The development activity for Ethereum, meanwhile, has diminished, indicating a slowdown in significant innovation. The Market Value to Realised Value Ratio (MVRV) of Ethereum was 22.79%, indicating that during the previous year, sharks increased their earnings. However, there have been rumblings of a bull market recovery, which might dispel rumors that ETH is overpriced at the MVRV spot. The number of active addresses fell from 7.9 million to 5.8 million over the past 30 days, indicating a slowdown in Ethereum network activity. In most of 2022, ETH circulation decreased but has since improved to 46.8 million. News Sorce