Bitcoin

Notable

Rise

James

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-sees-notable-rise-as-market-sentiment-improves/" data-wpel-link="internal">Bitcoin Sees Notable Rise as Market Sentiment Improves</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/crypto-market-predictions-a-peek-into-the-future-according-to-experts/" data-wpel-link="internal">Crypto</a> currency markets</strong> had a good last 24 hours, with <a href="https://coin-turk.com/yatirimcilarin-krali-son-noktayi-koydu-bitcoin-artik-guvenli-liman-enflasyonun-dusmani-mi" data-wpel-link="internal">BTC</a> gaining momentum at the opening of the US market. Investors in altcoins are beginning to erase their losses and are preparing for a peaceful sleep. So how do experts interpret the recent rise in <a href="https://coin-turk.com/bitcoinin-btc-35-000-dolara-yukselisi-ve-etf-hakkinda-bilmeniz-gerekenler" data-wpel-link="internal">Bitcoin</a> prices? What are the current market predictions?</p> 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
<p style="text-align: justify">As this article was being prepared, the <strong>price of <a href="https://en.coin-turk.com/bitcoins-turbulent-price-movement-amidst-etf-confusion/" data-wpel-link="internal">Bitcoin</a></strong> was at $70,470, experiencing a notable rise after opening at $67,212 on March 25th. The daily peak was set at $71,150. According to the latest report by CoinShares, a 7-week cycle has ended. The rapid increases seen last week disrupted the series.</p> 
<p style="text-align: justify">After a total of $12.3 billion in inflows, we saw the first week of outflows. The cumulative value of crypto funds continues to hover above the previous cycle peak at $88 billion.</p> 
<blockquote> 
 <p>“We believe the recent price correction has caused hesitation among investors and led to significantly lower inflows for new ETF issuers in the US. The $1.1 billion in inflows significantly balanced out the $2 billion outflow from GBTC.”</p> 
</blockquote> 
<p style="text-align: justify">The outflows triggered by the liquidation of bankruptcy assets should now be balanced this week, and net inflows need to resume.</p> 
<h3 style="text-align: justify" id="james-seyffart">James Seyffart</h3> 
<p style="text-align: justify">When it comes to spot Bitcoin ETFs, we should listen to James Seyffart, who has been working on this issue for a long time. According to him, the large outflows witnessed by spot Bitcoin ETFs last week were likely due to the bankrupt lending institution Genesis selling its GBTC shares.</p> 
<p style="text-align: justify">When clear confirmations come in, we can expect a positive impact on the sentiment of crypto investors.</p> 
<h3 style="text-align: justify" id="chiefrat-crypto-commentary">ChiefRat Crypto Commentary</h3> 
<p style="text-align: justify">Crypto commentator ChiefRat issued important warnings for <strong><a href="https://coin-turk.com/iki-altcoinde-kiyasiya-rekabet-buyuyor-piyasa-yarisinda-kazanan-kim" data-wpel-link="internal">altcoin</a></strong> investors. Despite the demand for altcoins through ETFs, he says we might see a price correction this year even if the cumulative value hits new highs.</p> 
<blockquote> 
 <p>“For now, we are moving in the mid-range. Resistance at 1.25T, support at 960 billion dollars. Even though I expect a new ATH in 2024, testing of support is likely.”</p> 
</blockquote> 
<h3 style="text-align: justify" id="sheldon-the-sniper-bitcoin-commentary">Sheldon The Sniper Bitcoin Commentary</h3> 
<p style="text-align: justify">Popular <strong>crypto analyst</strong> Sheldon The Sniper thinks that Bitcoin’s dominance may start to weaken. According to him, as Bitcoin Market Dominance weakens, the foundations for the much-anticipated mega rally in altcoins will be laid. BTCD is still around 51.7%.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-333082 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/BTCD-1.png" alt="" width="1262" height="961"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-sees-notable-rise-as-market-sentiment-improves/" data-wpel-link="internal">Bitcoin Sees Notable Rise as Market Sentiment Improves</a></h5>

Bitcoin Sees Notable Rise as Market Sentiment Improves

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