Bitcoin Holds Strong as Long-Term Investors Realize $3.27 Million in Profits This Cycle
Data from Glassnode indicates profit-taking pressure is rising as inactive coins become active and ETFs drive market activity.
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Data from Glassnode indicates profit-taking pressure is rising as inactive coins become active and ETFs drive market activity.
Cardano also struggled, with a decline of 1.8% throughout the week.
The Coinbase CEO aligns with notable figures predicting significant Bitcoin growth, including projections of up to $3.8 million by the end of the decade from Ark Invest.
An analysis reveals XRP's recent struggles to maintain price levels above $3, presenting significant trading dynamics.
Chainlink's LINK token has risen by 18%, now valued at $26.05, outpacing other cryptocurrencies as experts highlight its strong fundamentals.
The rise of ether outpaced bitcoin, contributing significantly to a 14% increase in the total crypto market cap last month, according to JPMorgan.
Chainlink leads the CoinDesk 20 Index with a notable gain of 8.9%. Ethereum also performed well, increasing by 3.3%.
Filecoin shows signs of recovery as support levels are established.
Ethereum experienced a remarkable rise to $4,200, marking its highest value since 2021, following a breakout above $4,000 as analysts interpret market dynamics.
NEAR experiences a small uptick as institutional trading activity causes a surge in volume, highlighting ongoing market challenges.
The Solana-based memecoin BONK has gained 1.7% amidst volatile trading conditions, nearing critical resistance levels on increased trading volume.
Markets are reacting negatively as crypto struggles while traditional safe havens like gold and bonds gain traction.
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