Bitcoin: Up to 60 days of status quo!
In the merry-go-round of cryptos, Bitcoin plays hide-and-seek with traders, sometimes climbing to dizzying heights, at times plunging into the depths of the market. Recently, our dear BTC has been misbehaving, swinging since the beginning of March, and now some investors are teetering between nausea and euphoria. According to the financial soothsayers, the grand master of cryptos could well be playing statues for the next two months.
The Bitcoin Hibernation
Ahoy, crypto-sphere sailors! Bitcoin has dived below the $57,000 mark, and there’s a storm brewing in the world of digital doubloons. Among the old sea dogs of finance and the greenhorns, the debate rages: for some, a 20% drop, as predicted by the oracle of CryptoQuant, is an opportunity to stock up. For others, who are averse to the art of HODLing, it’s time to get the tissues out. So, ready, set, speculate!
In the theater of cryptocurrencies, Bitcoin, the old salt, is getting ready to take a two-month nap, according to the oracles of Bitfinex. After a frenzied dance with the halving, our digital hero could snuggle up in a cozy consolidation, swinging by $10,000 backstage.
The latest act of Bitfinex Alpha, a market manuscript, prophesizes that Bitcoin will remain the spotlight of prices, lighting the way for its cryptic brothers and sisters in May. Like a golden compass, it will guide the market capitalization of this parallel world.
The economic climate blows a wind of resilience, sturdier than the dead leaves of past years. Interest rates, those pranksters, aren’t likely to play musical chairs anytime soon. Consumers and businesses, armed with night-vision goggles, are scrutinizing the economy with renewed sharpness.
As Bitcoin prepares to delve into a restorative slumber, the market holds its breath. The halving, that fairy godmother, has promised a bright future, a BTC supply as rare as a diamond. And if the economy, this sleeping beauty, wakes up smoothly, the crypto community might just dance until dawn.
The Secret Revolution of Ethereum
In the crypto waltz, the Ether (ETH) has taken center stage, outshining Bitcoin (BTC) with the poise of a prima ballerina, notes Cointelegraph. The Bitfinex Alpha report draws the curtain on this silent revolution: while BTC takes a break, altcoins, those economic acrobats, leap and capture the spotlight.
The recent epic of ETH, with a 7.5% jump against BTC, is not to be missed. For the first time since February 2023, ETH has led the dance two consecutive weeks, a performance that’s turning heads.
