Bitcoin

Billion

Following the halving event, traders are delving deeper into their research of Bitcoin’s resiliency in the event of a probable lengthy market drop. The strategy of “hodling”, holding onto Bitcoin for the long term, is becoming a more prominent topic of conversation.&nbsp; 
Santiment, a market intelligence platform, has <a href="https://twitter.com/santimentfeed/status/1780251617931182481" target="_blank" rel="noreferrer noopener" data-wpel-link="external">posted</a> in the X that there has been a noticeable movement in investor sentiment towards safer assets like Bitcoin as other altcoin sectors, including those in artificial intelligence (AI), gaming, decentralized finance (DeFi), and meme coins, see significant retracements.&nbsp; 
One crypto investor user on X, named @Crypto_Wolfie1, has <a href="https://twitter.com/Crypto_Wolfie1/status/1779285489784426600" target="_blank" rel="noreferrer noopener" data-wpel-link="external">shared</a> that while Bitcoin has seen a brief upswing, some traders believe this is a passing occurrence amid more general signs of a market correction that have been present for the last two weeks.&nbsp; 
The user said, “Bitcoin dominance break out. Altcoins are being sold off &amp; funds are being cycled back into #btc and USDT.” 
The user explains that observations on the monthly chart suggest Bitcoin’s overbought conditions, leading to increased attention on Bitcoin dominance as it breaks out.&nbsp; Sell-offs of cryptocurrencies are occurring concurrently, with money being diverted back into BTC or into stablecoins like USDT. 
Traders expect a continuous flight from alternative cryptocurrencies to Bitcoin coupled with increased liquidations into traditional fiat currencies as fear, uncertainty, and doubt (FUD) continue to rise within the cryptocurrency community. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/15/bitcoin-miners-may-sell-5-billion-in-btc-post-halving/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin Miners May Sell $5 Billion in BTC Post-Halving</a> 
</blockquote>

What Will Investors Do After Bitcoin Halving?

The Crypto Times

Inne artykuły opublikowane 16 kwi 2024

Top Solana-based Tokens To Record Another Price Correction Of 10% This Month?

3 Best Altcoins Experts Recommend for Every Bull Run Portfolio: Solana (SOL), Dogecoin (DOGE), an...

Ethereum Price: ETH Key Support Level To Watch Amid Mass Selloff

Exploring the Impact of Bitcoin Halving and Miners on Market Dynamics

Unleashing the Potential of Meme Coins with TON Memelandia

BlockDAG’s potential sparks crypto dominance ahead of Dogecoin, BNB

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!