The price of Polkadot (DOT) (one of the top 10 Altcoins) has surged in the market by 10% and is currently trading above the $10.00 resistance level against the US Dollar. It is expected that the price may continue to rise towards the $12.00 level soon.  The upward movement is supported by the fact that DOT is trading above the $10.00 zone and the 100 simple moving average on the 4-hour chart. There is also a bullish trend line forming with support at $9.10.  If the price successfully breaks above the $11.00 level, it could trigger a strong rally, with the next major resistance level at $12.00. However, if the price fails to break above $11.00, it may experience a downside correction, with key support levels at $10.35, $10.00, and $9.50.  The MACD indicator is showing bullish momentum, and the RSI is above the 50 level, indicating positive market sentiment for DOT.

The price of Bitcoin in the market has surged above $68,000, reaching a two-year high and approaching its all-time high of $69,000. The increase in Bitcoin’s value has been fueled by a flood of capital and the growing interest in Bitcoin funds listed in the United States. The adoption of Spot Bitcoin ETFs has also contributed to the upward trajectory of Bitcoin. The cryptocurrency has surpassed important resistance levels and is now approaching silver’s market value of $1.4 trillion. Bitcoin’s price surge has also had a positive impact on other cryptocurrencies, with meme currencies like Dogecoin and Shiba Inu experiencing significant increases. Investors are increasingly viewing Bitcoin as an uncorrelated asset and are attracted to its potential for portfolio diversification. Source: NEWSBTC

Shiba Inu, a meme-based cryptocurrency, has surged 130% and entered the top 10 rankings of cryptocurrencies, surpassing established coins like Chainlink, Polkadot, and Tron in market capitalization.  This surge is part of the overall explosive growth seen in the cryptocurrency market this week, with many non-stablecoin cryptocurrencies experiencing significant gains, some reaching triple digits.  However, analysts have expressed concerns about potential overheating and a possible market correction. Despite these concerns, the majority of the top 10 cryptocurrencies have seen substantial growth, with coins like Solana, Cardano, and Bitcoin recording gains exceeding 20%.  This bullish trend reflects the potential for innovation and community engagement in the crypto industry, suggesting a potentially prosperous period for the market. Source: DAILYCOIN

The price of Bitcoin has experienced significant volatility, with wild swings in its value. Currently, it is consolidating gains below the $60,000 resistance level and trading above $60,500. There is a bullish trend line forming with support at $60,950. The price may attempt another upward move towards the $64,000 resistance level. If the price breaks above this resistance, it could rise further towards $65,000 and potentially test the $66,400 level. On the downside, immediate support is seen at $60,800, followed by $60,000. A close below $60,000 could lead to a pullback towards the $58,000 zone. In terms of technical indicators, the hourly Moving Average Convergence Divergence (MACD) is showing bullish signals, while the Relative Strength Index (RSI) for BTC/USD is above the 50 level, indicating positive momentum. Source: NEWSBTC

Bitcoin has reached its highest level since 2021, surpassing $57,000, leading to a surge in bullish sentiment among analysts. Ryan Rasmussen, a Senior Crypto Research Analyst at Bitwise, predicts a potential price surge for Bitcoin, with a target of $88,000 by the end of 2024. Rasmussen cites factors such as the upcoming halving event and increasing bullish positions by future traders as reasons for the positive outlook. Other analysts, including Peter Brandt, also share this optimism and predict even higher price targets.  Ethereum (one of the top altcoins) has also experienced a surge in value, outperforming Bitcoin. Rasmussen attributes this to speculation regarding the approval of an Ethereum exchange-traded fund (ETF) and the upcoming DenCun upgrade.  However, Rasmussen cautions that the approval of Ethereum spot ETFs may not be as straightforward as Bitcoin spot ETFs, considering the stance of the US Securities and Exchange Commission’s Chair, Gensler. He estimates a 50% chance of approval or rejection for Ethereum spot ETFs in May. Source: NEWSBTC

The price of Bitcoin has experienced a significant surge, increasing by over 10% and approaching the $58,000 mark. The cryptocurrency has displayed a strong upward trend and may continue its rally towards the resistance level at $60,000.  Bitcoin’s price has surpassed the $55,000 resistance zone and is currently trading above both the $55,000 level and the 100 hourly Simple Moving Average. A major bearish trend line with resistance at $51,600 was broken, contributing to the bullish momentum.  The immediate resistance levels to watch are $56,800 and $57,000, with a potential rise towards the $58,000 resistance zone. However, if the price fails to break the $57,000 resistance, a downside correction could occur, with support levels at $56,000 and $55,600.  Further losses may lead to a pullback towards the $53,200 support zone. The hourly MACD indicator suggests bullish momentum, while the RSI for BTC/USD is above the 50 level. Source: NEWSBTC

The cryptocurrency market has taken a break after a period of strong growth. While there have been mixed performances among cryptocurrencies, the overall sentiment remains positive. Bitcoin, the leading cryptocurrency, has remained relatively stable, indicating potential future movement. Only four of the top 10 non-stablecoin cryptocurrencies experienced gains, but the overall sentiment suggests a possible continuation of the upward trend. Winners: Binance Coin (BNB) saw a significant surge of 8.85%, followed closely by Ethereum (ETH) with an 8.7% rise. Dogecoin (DOGE) and Tron (TRX) also showed positive momentum, climbing 3.2% and 2% respectively.  Notable Declines: Avalanche (AVAX), Solana (SOL), and Chainlink’s LINK experienced the steepest losses. Cardano (ADA) and Ripple’s XRP also dropped. Bitcoin remained relatively flat, losing only 0.2% of its value over the past week. However, there are signs of life as it has started to climb by 1% and may enter the winners’ circle. While most cryptocurrencies experienced losses, the overall sentiment in the crypto space remains positive. The gains of certain key players and the potential resurgence of Bitcoin indicate a bullish outlook that may persist in the coming weeks. It’s important to note that cryptocurrency prices are constantly changing, so conducting personal research is crucial before making any investment decisions. Source: DAILYCOIN

There is a bullish signal for Bitcoin based on on-chain data. The inflows of Bitcoin into “accumulation wallets” have reached a new all-time high. These accumulation addresses meet specific criteria, including having no outgoing transactions, a minimum balance of 10 BTC, not being associated with centralized exchanges or miners, and having received more than two incoming transfers within the past seven years. The recent spike in inflows has seen a record of 25,300 BTC (approximately $1.3 billion) flowing into these wallets, indicating significant buying activity by long-term holders. The trend of increasing inflows coincides with the approval of spot ETFs (Exchange-Traded Funds), suggesting institutional buying may be a contributing factor. The accumulation of Bitcoin by these holders is seen as a positive sign, potentially reducing the available supply in the market. However, it’s noted that Bitcoin’s price has experienced a decline in the past 24 hours, retracing toward the $51,100 mark. Source: BITCOINST

Tron (TRX) price is experiencing a significant upward trend in the market and has surpassed the crucial resistance level of $0.120 against the US Dollar. It is currently outperforming Bitcoin and has the potential to continue rising beyond the $0.140 mark. The price of this crypto is currently trading above $0.1350 and the 100 simple moving average on the 4-hour chart. There is a bullish trend line forming with support at $0.1382. If the price continues to climb, it could reach levels around $0.165 or even $0.180. However, if there is a downside correction, initial support is expected near $0.1380 and $0.1350, followed by $0.1320. The MACD indicator and RSI are both indicating bullish momentum for TRX/USD. Currently, Tron is trading above $0.1350 and comfortably positioned above the 100 simple moving average on the 4-hour chart. Additionally, there is a notable bullish trend line taking shape, providing support at approximately $0.1382 for the TRX/USD pair, as per data sourced from Kraken. Source: NEWSBTC