Author: Crypto News Live

Bitcoin has added over 5% in the last three days. BTC supply in profit was now over 97%. Bitcoin [BTC] exhibited a glimpse of recovery over the past two days. Still, it has embarked on a more significant upward trend in the past few hours. This notable price rise has led to a significant increase in the volume of short liquidations, coinciding with a continued rise in the percentage of BTC supply in profit. Bitcoin retests old ATH Bitcoin has reignited optimism among holders, with an impressive increase of over 4% observed at the time of writing. AMBCrypto’s analysis of…

Bitcoin’s (BTC) latest rally was driven by “huge accumulation” as investor appetite remains high despite five days of trading in the red over the past week, according to CryptoQuant research.Just three days ago, Bitcoin was trading at roughly $65,500 as markets closed on Friday. However, a sustained rally over the weekend took prices to $72,500 before US markets opened for trading on Monday.‘Huge accumulation’The analysis from CryptoQuant attributes the rally to a pronounced phase of accumulation, which indicates strong confidence among investors in Bitcoin’s long-term prospects, prompting them to increase their holdings significantly.One of the most notable indicators of accumulation…

Witness Chain recently announced that it is enabling DePINs on the Ethereum network. The announcement was made on the official X account of Witness Chain. The string of tweets talked about how Witness Chain is using Polygon Labs and EigenLayer CDK for the development. The blockchain company also named the ventures affiliated with the program over X. Witness Chain’s DCL (DePIN Coordination Layer) is now the very first physical state consensus protocol that can unify a siloed DePIN infrastructure. In the future, DePINs can be used to share value, bootstrap infrastructure, and access better financial tools. With the DCL, the…

In the early US hours of Monday, Bitcoin witnessed a significant surge, with its price climbing above the $72,000 mark. The ascent, marked by a more than 4.5% increase within a mere five-hour window from below $69,500 to an intra-day high of $72,579, can be attributed to a confluence of factors that have stirred the crypto market. #1 Strong Bitcoin Spot Demand The rally appears to be fueled by robust demand in the Bitcoin spot market, hinting at the potential sustainability of the move. Crypto analyst Daan Crypto Trades (@DaanCrypto) noted the healthy market dynamics, stating on X, “Funding rates…

Ethereum has seen significant consecutive increases in the past 48 hours. Whales have bought over $70 million worth of ETH within 24 hours. On 7th April, Ethereum experienced its highest returns for the month. This positive uptrend coincided with a recent increase in the volume bought by certain whales. Additionally, it occurred while the network’s overall volume remained relatively stable, with Layer 2 (L2) solutions handling most of the transactions. Ethereum increased by 7% Analysis of the Ethereum daily timeframe chart revealed that on 7th April, it closed trading with an increase of over 3%, reaching above $3,400. This price…

Wormhole Overview Wormhole Price Change 24h -21.06% Wormhole Price Change 7d -31.7% Wormhole Market cap $1,695,862,475.57 Wormhole All time high $1.61 Wormhole All time low $0.92 Wormhole Price Prediction 7d $3.21 +221.39 Wormhole Fear-Greed Index 79 Extreme Wormhole Green Days 1/2 (50%) Our real-time W to USD price update shows the current Wormhole price as $1 USD. Our most recent Wormhole price forecast indicates that its value will increase by 8.65% and reach $1.085204 by April 07, 2024. Our technical indicators signal about the Bearish Bullish 0% market sentiment on Wormhole, while the Fear & Greed Index is displaying a…

Web3 venture fund Press Start Capital and web3 gaming investment firm Sanctor Capital, have announced the opening of applications for the Multiplayer Fellowship, focusing on fully on-chain games (FOCG). Startups are invited to apply for the 8-week pre-accelerator program, which offers a $50K SAFE/SAFT investment, mentorship from top minds in the industry, and a network of like-minded entrepreneurs. Han Kao, CEO of Sanctor Capital said, “fully on-chain games represent the bleeding edge of gaming innovation, and have the best chance to unlock the full potential web3 technologies offer to the industry.” The program does not charge founders an upfront program…

Bitcoin was consolidating around a key psychological level at $70k. The long-term holders grew quiet in early April, similar to November. Bitcoin [BTC] continued to witness enormous inflows to the Exchange Traded Funds (ETFs). A Santiment post on X (formerly Twitter) noted that trader activity has been consistently higher than the turning point in February when demand began to go sky-high. BTC had a strong start to the week, gaining 4.8% on the day at press time. The halving event is around the corner, and combined with the steady ETF inflows, a strong bullish performance is expected across the market.…

A widely followed trader believes that Solana (SOL) is in a position to massively outperform its rival Ethereum (ETH). Seasoned trader Peter Brandt tells his 723,800 followers on the social media platform X that the SOL/ETH chart is now trading very close to a key resistance level. Brandt says that Solana may witness 100% gains against Ethereum if the pair manages to shatter the resistance area. “The SOL/ETH chart is at huge resistance. Resistance = supply. If this supply line is absorbed, then there is a prospect of SOL doubling in value vs. ETH.”  Source: Peter Brandt/X Looking at the…

Bitcoin-based NodeMonkes is Monday’s top-selling non-fungible token (NFT) collection over the 24 hours to noon ET, despite a 46.88% drop in sales to US$2.01 million, according to CryptoSlam. NodeMonkes cooled down after a hot weekend that included a US$3.78 million Sunday, its best single-day performance since mid-March. Two Solana collections, Froganas and Tensorians took the second and third spots respectively, both recording almost US$1.5 million in sales. Froganas topped the charts last Friday while Tensorians led the market last Wednesday. Ethereum-based CryptoPunks had a 152% increase in sales, reaching US$1.23 million. CryptoPunk 2306, changed hands for 320 ETH, roughly US$1.095…