Hedera

Bitcoin

April

Shiba Inu

Spot

Crypto Price Prediction: On April 24th, the <a href="https://coingape.com/blog/4-reasons-crypto-market-is-crashing-today/" rel="noopener noreferrer nofollow">cryptocurrency market</a> witnessed a sudden sell-off which plunged the BTC price to $63300. This downtick could be attributed to the renewed conflict in the Middle East and a notable outflow in Spot Bitcoin ETFs.
Yesterday, the <a href="https://coingape.com/hong-kong-spot-bitcoin-etf-ethereum-etf-to-start-trading-on-april-30/" rel="noopener noreferrer nofollow">Spot BTC ETF</a> recorded a total net outflow of $121 million. Grayscale’s GBTC ETF saw a substantial outflow of $130 million in a day, in sharp contrast to Fidelity’s ETF FBTC, which attracted a net inflow of $5.61 million, while the ARKB ETF by Ark Invest and 21Shares drew $4.17 million.
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 According to SoSoValue, yesterday the total net outflows for Bitcoin spot ETFs were $121 million.
 Grayscale's ETF GBTC had a net outflow of $130 million in one day; the Bitcoin spot ETF with the highest net inflow was Fidelity's ETF FBTC, with a net inflow of $5.61 million in a… <a href="https://t.co/C8cc1gT2ei" rel="noopener noreferrer nofollow">pic.twitter.com/C8cc1gT2ei</a>
 — Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1783346556395221433?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 25, 2024</a>
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In the last 24 hours, Bitcoin (BTC) and Ethereum (ETH) showcased around 4% loss, while other top altcoins like Solana (SOL), Toncoin (TON), and Dogecoin (DOGE), registered around 8% dip.
However, the market participants perceive this dip as a post-halving correction which could provide pullback opportunities to investors and stabilize the crypto market for the potential rally.
Also Read: <a href="https://coingape.com/us-sec-to-deny-spot-ethereum-etf-reuters/" rel="noopener noreferrer nofollow">Breaking: US SEC To Deny Spot Ethereum ETFs – Reuters</a>
<h2 id="b-1-ethereum-eth-b">1) Ethereum (ETH)</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/x/XRL5L8AA.png" alt="BITSTAMP:ETHUSD Chart " width="1536" height="633">
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 Ethereum (ETH)| Tradingview
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Ethereum is a decentralized, open-source blockchain system featuring smart contract functionality. With a market cap of $376.2 Billion, Ether stands as the second largest cryptocurrency, just below Bitcoin.
Amid the recent Bitcoin halving, the ETH price rebounded from $2850 support last weekend and surged 15% to test $3300. However, the lack of momentum kept recovery limited evidenced by the ETH price struggle to break overhead resistance.
However, the on-chain data tracker Lookonchain flagged a large-scale Ethereum transaction by an address, possibly linked to Justin Sun, who withdrew 7,128 ETH ($22.34M) from Binance. This move comes after the address amassed 154,570 ETH ($492.23M) since April 8, amid the current market correction, indicating a strategic acquisition amidst lower prices and anticipation of a bullish reversal.
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 Update:
 0x4359 (possibly <a href="https://twitter.com/hashtag/JustinSun?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#JustinSun</a>) withdrew 7,128 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($22.34M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> again 7 hours ago and he had bought 154,570 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($492.23M) at $3,177 since Apr 8.<a href="https://t.co/UYhZurPwcf" rel="noopener noreferrer nofollow">https://t.co/UYhZurPwcf</a> <a href="https://t.co/PGuYggfagL" rel="noopener noreferrer nofollow">pic.twitter.com/PGuYggfagL</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1783320391454474444?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 25, 2024</a>
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Thus, a renewed recovery sentiment toward Ether could allow buyers to give a bullish breakout from the falling wedge patterns, signaling the end of the correction period.
Also Read: <a href="https://coingape.com/ethereum-co-founder-vitalik-buterin-criticizes-misuse-of-zk-in-zkasino-scandal/" rel="noopener noreferrer nofollow">Ethereum Co-founder Vitalik Buterin Criticizes Misuse of “ZK” in ZKasino Scandal</a>
<h2 id="b-2-shiba-inu-shib-b">2) Shiba Inu (SHIB)</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/z/ziaH77Uc.png" alt="BINANCE:SHIBUSDT Chart " width="1946" height="893">
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 Shiba Inu (SHIB)| Tradingview
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<a href="https://coingape.com/shiba-inu-price-rallies-whale-shifts-3-tln-shib-what-next/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) is a decentralized meme token that has evolved into a vibrant ecosystem. Gaining popularity as a Dogecoin alternative, SHIB stands out with its own decentralized exchange, ShibaSwap, and plans to expand into an NFT market and gaming.
Amid the recent market sell-off, the <a href="https://coingape.com/price-predictions/shiba-inu-shib-price-prediction/" rel="noopener noreferrer nofollow">Shiba Inu price</a> reverted from $0.0000282 and plunged 13% to trade at $0.0000247. In the daily chart, this downswing showed another lower-higher formation indicating the correction trend is active and traders continue to sell off bullish bounces.
By the press time, the <a href="https://coingape.com/shiba-inu-lead-unveils-bone-use-case-in-layer-3-blockchain/" rel="noopener noreferrer nofollow">SHIB</a> coin stands at a market cap of $14.5 Billion, while the 24-hour trading volume is at $875 Million.
If the selling pressure, the memecoin could breach the $0.0000238 support and seek support at $0.0000185.
Also Read: <a href="https://coingape.com/shiba-inu-coin-shib-burn-spikes-2200-igniting-bullish-sentiments-0-000036-ahead/" rel="noopener noreferrer nofollow">Shiba Inu Coin: SHIB Burn Spikes 2200% Igniting Bullish Sentiments, $0.000036 Ahead?</a>
<h2 id="b-3-b-b-hedera-hbar-b">3) Hedera (HBAR)</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/s/ScQR8D0c.png" alt="BINANCE:HBARUSD Chart " width="1946" height="893">
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 Hedera (HBAR)| Tradingview
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<a href="https://coingape.com/archax-ceo-clarifies-blackrock-role-in-hedera-tokenization/" rel="noopener noreferrer nofollow">Hedera</a> (HBAR) is a public network that uses hashgraph consensus, a faster alternative to blockchain, aiming for high throughput, minimal fees, and low latency.&nbsp;
In the last two days, the <a href="https://coingape.com/price/hedera-hashgraph/" rel="noopener noreferrer nofollow">HBAR price</a> has witnessed a heavy outflow resulting in a sharp price drop from $0.182 to $0.133 accounting for a 37.6% fall. The current market cap of Hedera coin stands at $4.081 Billion maintaining its position as the 25th largest cryptocurrency.
The falling price is poised to test the physiological level of $0.1 seeking suitable support to revert the price higher. This support coinciding with multiple technical levels indicates a higher potential for buyers to counterattack.
Also Read: <a href="https://coingape.com/breaking-hedera-and-archax-enable-first-tokenized-blackrock-mmf-shares/" rel="noopener noreferrer nofollow">Breaking: Hedera and Archax Enable First Tokenized BlackRock MMF Shares</a>
Key Takeaway
The cryptocurrency market is likely witnessing a post-halving correction— a period known to trigger a final dip in digital assets before triggering the anticipated rally. This pullback could remove the weak hands from the market and stabilize the asset to recuperate bullish momentum.
The post <a href="https://coingape.com/markets/crypto-price-prediction-4-25-post-halving-correctioh-btc-64k/" rel="noopener noreferrer nofollow">Crypto Price Prediction 4/25: Did Post-Halving Correction Push BTC Below $64K?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction 4/25: Did Post-Halving Correction Push BTC Below $64K?

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