...

The Price of Bitcoin Increased to $71,000 In The Late March 25 Trade

Facebook
Twitter
LinkedIn
Reddit
Tumblr
Has The Pre-halving Bitcoin Retracement Ended 52K Bitcoins Were Amassed Just on Sunday

After one of the biggest accumulating days in recent memory, which saw Bitcoin recapture the $71,000 price level, it appears that the pre-halving retrace may already be complete.

Blockchain analytics company Santiment said on March 25 that traders were taken aback by Bitcoin’s sudden surge, which came about because “key stakeholders” had a significant accumulation day over the weekend.

Wallets with between 10 and 10,000 coins, referred to as “sharks” and “whales,” have amassed 51,959 BTC ($70,360).

On March 24, valued around $3.4 billion at the time, the company disclosed. It was stated that this corresponds to the accumulation in a single day of 0.263% of the total supply that is now accessible.

It stated that “it would be unsurprising to see these wallets continue to grow, resulting in a positive impact on crypto-wide market caps” as the Bitcoin halving, which is three weeks away on or around April 19, draws closer.

price of Bitcoin

An enormous pre-halving retreat was a worry for cryptocurrency analysts, who assumed that past market cycles would repeat themselves. Nevertheless, according to CoinGecko, Bitcoin only decreased by about 17% from its all-time high of $73,738 on March 14 to $61,494 on March 20.

According to technical analyst “Rekt Capital,” Bitcoin will have nearly equaled the 2020 pre-halving retrace if this proves to be the end of the pre-halving retrace.

He said, “In this cycle, Bitcoin retraced -18%, while in 2020, BTC retraced just over -19%.”

cryptocurrency analysts

This pre-halving retrace, according to the analyst, “would more likely be on the shallower side than on the deeper side” and might be significantly shorter than it has typically been in the past.

Crypto research firm Kaiko stated that “selling intensified following the U.S. market close” following a study of purchase and sell orders in a report on market volatility and last week’s decline on March 25.

According to the report’s conclusion, “the cryptocurrency market’s liquidity is fragmented across trading pairs as well as across exchanges.”

At the time of writing, Bitcoin was up 5.2% for the day at $70,252, having touched an intraday high of $71,000 in late trade on March 25.

MAJOR Listing Date and Estimated Price For 2024 and 2030

Based on the pre-market information shown in the graphic, the MAJOR token has a total quantity of 10 billion tokens and is currently trading at $0.0155. As the project enters

Massive Backlash Against Hamster Kombat Due to Unfair Airdrop

Despite spending a lot of time and energy on the game and being informed at first that keys were not important, players are furious that they are being called cheaters

Trade With A Regulated Broker

M4Markets founders are people who are not just traders themselves, but people who have been in the finance sector for so long that they bring with them a wealth of valuable knowledge.

BlackBull Markets offers the full MetaTrader suite (MetaTrader 4 and MetaTrader 5) alongside multiple social copy trading platforms and a web app powered by TradingView.

Online trading on Exness‘ powerful trading platform with better-than-market conditions on the world’s financial markets and trading .

AvaTrade, we offer a wide variety of platforms for traders of all levels! Be empowered to trade CFDs on FX, Stocks, Commodities, Crypto, Indices.

Being an international broker and working with clients from different countries we understand that every person is unique in his values, no matter whether a trader or a partner.

For more than 13 years, they’ve purpose-built their platform and services to help you trade seamlessly and better capitalize on market opportunities.

Gate.io is the best exchange app. The interface is simple to operate and the customer service is quick. Some interesting activities and benefits are often presented!

FP Markets has developed a proud reputation as a Forex broker. In Australia, the company operates under an Australian Financial Services

Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.