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Announcement of the announcement from Trump: “Tomorrow I will be with the Bitcoin people”✊
That is, today...
#BTC
returned to $68k, also awaiting Trump's speech 💸
#Trump
#Bitcoin2024
Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado.
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🔥 Polygon price wedge points to more gains as addresses jump Polygon price has crawled back in the past few days as the number of active addresses on the chain rises. Polygon (#POL ) rose to an intraday high of $0.2460, its highest level since March 9 and 24% above its all-time low. It remains about 70% below its peak in November last year. Polygon’s rebound is mostly because Bitcoin (BTC) and many other altcoins like Solana (SOL) and Binance Coin (BNB) have bounced back in the past few days. It also coincides with growth in on-chain activity. According to Nansen, the number of active addresses on the network rose by 13% over the last seven days to 2.34 million. Transaction volume also edged higher to 20.7 million. Additional data from DeFi Llama shows signs of stabilization in Polygon’s decentralized finance ecosystem. The total value locked on the network rose by 5.7% in the last week to $719 million. Bridged TVL increased to over $4.64 billion, while total stablecoins in the ecosystem climbed to nearly $2 billion. A large share of the TVL growth came from Quickswap, whose weekly TVL surged by 577% to $103.8 million. Other decentralized applications such as Morpho Blue, Aura, and KlimaDAO have also seen notable inflows in recent days. Still, challenges remain for Polygon as competition in the layer-2 space intensifies. Despite the recent gains, its TVL remains well below the all-time high of nearly $10 billion. Layer-2 blockchains like Base and Arbitrum have overtaken #Polygon in terms of DeFi TVL, NFT volum, and decentralized exchange volumes. For example, DeFi Llama data shows that the Polygon DeX networks have handled just $3 billion in the last 30 days, while Arbitrum and Base have processed $23 billion and $21 billion, respectively. 🔸 Polygon price analysis The daily chart shows that the POL price peaked at $0.7687 after its conversion from MATIC and then crashed to a low of $0.1900 this month. The coin has formed a bullish divergence pattern as the Relative Strength Index and the MACD indicator have pointed upwards.
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🔜 Time to Buy $BTC ? Dominic Rizzo, global technology portfolio manager at investment firm T. Rowe Price, believes that now is the perfect time to buy BTC, CoinDesk notes . In his opinion, an important factor is that Bitcoin is trading near its cost of mining, which previously indicated a market bottom. 🇺🇸 More than half of US states (26 out of 50) have introduced Bitcoin reserve bills, many of which propose directing up to 10% of government funds to Bitcoin. 🏆 Wisconsin took the lead. Becoming the first state to purchase a Bitcoin ETF, worth $588 million as of Q4 2024. #BTC #Bitcoin
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🟣 Solana Price Eyes $300 As BlackRock Taps $SOL for $1.7B BUIDL Fund Solana price jumped to a two-week high above $147 after $11 trillion asset manager BlackRock announced it will be using the SOL blockchain for its $1.7 billion $BUIDL fund. This adoption has sparked retail interest in Solana, with traders now wondering whether the altcoin could reclaim its previous all-time high and rally past $300. 🔸 Solana Price in Focus as BlackRock Taps #SOL For BUIDL Fund Solana price trades at $144 today with a slight 3.3% gain in 24 hours. SOL has been making a gradual recovery considering that its price has increased by 14% in seven days, indicating that a bullish momentum is building. SOL could extend its gains to a new ATH after the $1.7 billion BlackRock USD Institutional Digital Liquidity Fund (BUIDL) tokenized fund expanded to Solana. This move will bring real world asset tokenization to Solana, while bolstering institutional adoption. Securitize, a tokenization platform that is working with BlackRock for this product stated that the asset manager picked Solana for its scalability. “Why Solana? Solana’s high throughput, low costs, and scalability make it an ideal blockchain to support institutional-grade RWAs. By expanding to Solana, BUIDL is now more accessible to a broader range of investors and applications.” 🔸 Can #Solana Reach $300? BlackRock’s adoption of Solana is bullish for price and could kickstart a rally to $300. A recent Coingape article also disclosed that Fidelity has filed to list a spot SOL ETF at the Cboe. This high interest from top institutions on Wall Street suggests that a major rally is bound to occur. Meanwhile, the daily Solana price chart also highlights a strong bullish momentum for SOL after it broke out of a descending parallel channel. This highlights a trend reversal as the bearish trend weakens. The RSI indicator stands at 52 after making higher lows. Its crossover above 50 for the first time in more than three weeks further suggests that buying pressure is gaining strength after sellers were exhausted.
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⚡️ Can Cardano Price Hit $1 This Week Cardano price has been gaining attention recently as the cryptocurrency market experiences a recovery. The #ADA price is currently hovering above the $0.77 support level, showing a bullish trend. The ongoing increase in the market indicates future upward movement in the forthcoming days. Following this current trend, the token may surpass the $1 level. The cryptocurrency has achieved a 10% price surge during the past seven days as its daily marketplace activity exceeded $1.03 billion. The top altcoin experienced a 14.46% increase during this period, according to market data, as the entire crypto market grew by 1.73%. The Cardano price reached a brief $1 value mark this month, and experts predict another upcoming rise toward that price point. 🔸 Can #Cardano Price Hit $1 This Week? The price of Cardano enhanced its value from $0.69 to $0.77 as the crypto market experienced general improvement. Bitcoin (BTC) maintains its position above $88,000, and the ETH price continues to keep above the $2,000 level. The bullish market conditions among major cryptocurrencies create possible conditions for ADA to climb towards the $1 price level. Solana (SOL) alongside Dogecoin (DOGE) have joined the upward trend which strengthens the entire market sentiment. Investment interest in Cardano price has increased because speculators anticipate an upcoming Exchange-Traded Fund (ETF). The Polymarketcap data shows a 64% possibility for an ADA exchange-traded fund to emerge thus boosting market confidence. This may fuel the surge in ADA price. Cardano price gained global exposure as included it in its platform, which serves more than 10 million users worldwide. The new listing creates opportunities for higher trading volume while attracting more people to adopt it. Charles Hoskinson continues to lead high-profile events by moderating the recent panel discussion between Donald Trump Jr. The recent market moves indicate that Cardano stands ready for greater awareness and an increased magnitude of expansion.
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🚀 Ethena ($ENA ) Price Rises 7%, But Massive Selloffs Signal Uncertainty The crypto market is always full of surprises, and Ethena (ENA) is now at the center of attention. The token has been moving up in price, but recent selloffs and upcoming token unlocks have created uncertainty about its future. While ENA gained 7% this week, a massive selloff by a firm linked to Donald Trump has raised concerns among investors. 🔸 Trump’s World Liberty Financial Dumps 184K #ENA This came after, Donald Trump’s World Liberty Financial (WLFI) recently sold 184,000 ENA tokens worth about $69,000. This triggered a wave of bearish sentiment in the market, as large sales like this often signal a lack of confidence in the asset. According to on-chain data from Arkham Intelligence, these tokens were transferred through several wallets before being converted into Wrapped Bitcoin (WBTC). This movement suggests that more selloffs could be on the horizon, which has made traders cautious. 🔸 More Selling Pressure Ahead? The market is already on edge due to recent selloffs. Amber Group, a major market maker, recently dumped $10 million worth of ENA onto Binance, increasing selling pressure. Additionally, the upcoming token unlocks are a key concern. Over 2 billion ENA were unlocked in March, and another 200 million are set to be released on April 2 and 5. This influx of tokens into the market could add to volatility, making investors wary of Ethena’s short-term prospects. 🔸 Mixed Market Sentiment Despite the selloffs, ENA showed resilience with a slight 1% intraday gain, trading at $0.3989. While the weekly chart reflects positive momentum, the monthly performance shows a 10% decline. Analysts remain divided—while some, like Byzantine General, suggest that the cooling funding rate could hint at a bullish turnaround, others warn that volatility remains a key risk for #Ethena ’s price trajectory. Crypto analyst ChartCryptic pointed out that ENA has seen a 7.75% price increase and is currently holding steady at $0.39 after testing lower levels.
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