|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin (BTC) Price Bounces After a Highly Volatile Day, Altcoin Sherpa Predicts "Weekend Altcoin Season"
Jan 11, 2025 at 04:38 am
Cryptocurrency markets are trading higher on Friday after experiencing significant volatility throughout the day.
Cryptocurrency markets are displaying gains on Friday, following a day marked by notable volatility in the crypto market.
Here are the latest updates.
Top Gainers:
Trader Notes: As Bitcoin prices turned green after a volatile day, crypto trader Altcoin Sherpa acknowledged the difficult market conditions but expressed relief that it’s Friday. He predicted a “weekend altcoin season” to begin on Saturday.
Altcoin Sherpa viewed Bitcoin as being in a bounce zone, with the high volatility suggesting potential for modest short-term gains. He advised scalping for most trades.
$BTC still a bounce region imo. volatility is high but guessing we go up a little bit in the short term. Still think all trades should be scalps for the new part, though https://t.co/n0Wnlo30rK pic.twitter.com/Jov4F6vm7F
He also viewed Bitcoin as having bottomed momentarily, while altcoins are expected to continue their slight rebounds.
According to Glassnode data, new investors now hold 49.6% of Bitcoin’s liquidity, indicating that seasoned investors have sold during the uptrend, with strong demand from new buyers absorbing the sell pressure.
The percentage of #Bitcoin wealth held by new investors (coins aged < 3m) has surged, now representing 49.6% of the network liquidity.
This infers that mature investors have meaningfully distributed coins across the uptrend, with new demand absorbing the sell-side pressure. pic.twitter.com/1qX9EuVgGA
Read Next:
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Bitcoin ETFs Boast Major Milestones Since Their Inception, Accumulating Over 1 Million BTC Valued at $95B
- Jan 11, 2025 at 09:20 am
- The launch of spot Bitcoin ETFs has set unprecedented records. These products have indeed reshaped the ETF landscape and solidified BTC's place in mainstream finance with massive inflows within a year of launch.
-
- XRP Price Prediction: Analysts Predict Big Gains for Ripple's XRP in 2025
- Jan 11, 2025 at 09:10 am
- The cryptocurrency market is abuzz with excitement as analysts predict big gains for Ripple's XRP in 2025. Recently, XRP's price has experienced a significant surge, and experts are forecasting even more upside, fueled by rising whale activity and bullish chart patterns.
-
- Dogecoin Whales Shift Focus: A New Chapter for Crypto Investments?
- Jan 11, 2025 at 09:05 am
- Dogecoin (DOGE), the leading memecoin, is grappling with tough market conditions amidst recent fluctuations that have led to a notable downturn. This instability has sparked skepticism among investors, prompting a prominent Dogecoin millionaire to find more profitable alternatives.
-
-
-
-
-
-
