Brenda Kanana

5 days ago | blockchainreporter.net | Brenda Kanana

Bitcoin dominance is close to historical resistance levels, and the Fed’s asset bottom signals a reversal. Analysts have pointed out that a great altcoin season always needs correct Fed rate cuts and more macro liquidity. Scottie Pippen has said that the altcoin season might begin on April 20. Bitcoin dominance is heading toward a new key pivot level, with several analysts expecting a head-and-shoulders pattern reversal that may open the door to altcoins.

6 days ago | blockchainreporter.net | Brenda Kanana

Dogecoin is trading at $0.15 even after whales sold or transferred more than 570 million DOGE last week. On-chain indicators indicate increased wallets and fluctuating daily active addresses and transactions. Analysts have forecasted a high probability for a bull breakout, and some target $1. Dogecoin continues making waves across the entire crypto space as buy and sell signals point at continued upward action despite its current price consolidation.

6 days ago | blockchainreporter.net | Brenda Kanana

In the last 24 hours, Ethereum whale wallets have moved more than $174 million back to wallets off major exchanges. Whale addresses now control 46% of ETH supply, which is seen as an increase in centralization. Ethereum is approaching the realized price point, which implies deep value buying or selloffs. Ethereum’s whale activity has risen significantly in the past few weeks, pointing to signs of accumulation on the part of the whales.

6 days ago | blockchainreporter.net | Brenda Kanana

Bitcoin is still trading around $84,000, but exchange balances fell to over 15,000 BTC in the past week. Short-term holders with approximately 170,000 BTC are now actively trading, which is typical before large BTC price fluctuations occur. Bitcoin ($BTC) is trading above $84,000, but various on-chain signals suggest the market may be on the verge of a significant change.

6 days ago | blockchainreporter.net | Brenda Kanana

A recently inactive Ethereum holder has transferred 30,000 ETH, of which 3,000 ETH went to Kraken, sparking fears of a selloff. Recently, Galaxy Digital transferred nearly 80 million ETH to exchanges, enhancing the pressure on the price of Ethereum. ETH is currently at $1,61,2, and if it breaks above $1,670, analysts are divided on whether ETH will continue to go up or down. Ethereum market trends have changed as big players made significant operations across the exchanges.