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  • Magic Eden’s ME token soars 35%, reclaims $0.60 amid ‘big week ahead’ hype

    Magic Eden’s ME token soars 35%, reclaims $0.60 amid ‘big week ahead’ hype

    Magic Eden Token

    • Magic Eden price soared more than 35% amid a breakout above the key resistance of $0.50.
    • Trading volume jumped 1,280% to over $129 million to signal buying pressure.
    • “A big week” ahead and other potential catalysts could boost ME bulls.

    Magic Eden’s native token, ME, has experienced a significant price surge in the past 24 hours.

    Prices rose to intraday highs above $0.60 for the first time since the October 11 crash, with bulls’ gains coming amid a retest of a key technical barrier.

    As the altcoins rank among the top gainers in the 500 largest cryptocurrencies by market cap, buyers are likely to hold the crucial level and target a new leg up.

    But what could help ME price in the short term?

    Magic Eden among top gainers as price pumps 35%

    Per CoinMarketCap data, Magic Eden’s ME token is one of the standout performers in the cryptocurrency arena today.

    The token’s 35% uptick in the past 24 hours has come amid a robust trading volume of $129 million – the metric is up 1,280% in the past 24 hours.

    This performance has not only outpaced the broader market but also dwarfed top performers such as Pi Network, Virtuals Protocol and Zcash.

    ZEC hovered around $270 on October 24, but was near $350 at the time of writing.

    On the technical front, ME broke above the critical hurdle at $0.50, reaching intraday highs of $0.60.

    While the altcoin is well off its all-time peak above $13.24, bulls have bounced off the all-time low of $0.23.

    ME could retest $0.55 or $0.50 before seizing on an uptick across the market to target the psychological $1 mark.

    RSI at 60 suggests bulls have more room to aim for gains.

    Magic Eden price chart by TradingView

    What could help Magic Eden price higher?

    Several factors appear to have converged to ignite this pump.

    Notably, the official Magic Eden X account issued a cryptic yet bullish proclamation early this morning: “Big week ahead.”

    This post, which garnered over 300 likes and widespread speculation within the community, hinted at impending announcements or developments that could further bolster the platform’s growth.

    Such communications from project leads often serve as potent catalysts, drawing in retail traders and amplifying social sentiment.

    ME gains also follow the community cheering of the recent acquisition of Dynamic by Fireblocks, which the platforms announced on October 23.

    As a key user of Dynamic’s developer platform, Magic Eden could benefit significantly from this integration.

    Dynamic powers over 50 million on-chain accounts for industry leaders, including Kraken, Ondo Finance, Magic Eden and zerohash.

    Magic Eden’s seamless user onboarding and embedded wallet functionalities for NFT trading across chains.

    The deal merges Fireblocks’ institutional-grade custody with Dynamic’s agile tools, creating what executives describe as the “first complete custody-to-consumer stack” for on-chain finance.

    Overlaying these platform-specific tailwinds is a broader crypto market rebound.

    While gains in October 2025 remain muted as the macroeconomic environment hit risk-on sentiment, Bitcoin’s climb to $116,000 and Ethereum’s break to $4,200 has bulls excited.

    The big week for crypto includes a potential rally ahead of a Federal Reserve rate cut, the impact of the US-China trade deal and SEC approval for exchange-traded funds.

    The macroeconomic lift could spill over to altcoins like Magic Eden.

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  • Institutional adoption of Bitcoin: what’s next for big money?

    Institutional adoption of Bitcoin: what’s next for big money?

    Institutional adoption of Bitcoin: what’s next for big money?

    • BlackRock’s Bitcoin ETF hits $71B, becoming the best-performing ETF in history.
    • MicroStrategy’s BTC stash grows to 580,250 coins, doubling down on corporate crypto.
    • JPMorgan and Morgan Stanley now offer Bitcoin ETFs to their clients.

    Bitcoin has truly come a long way from being a fringe experiment in its early days to now commanding center stage within the global finance arena.

    To this point, over the last couple of years itself, it seems as though every Wall Street titan has quietly become a Bitcoin holder with BlackRock’s iShares Bitcoin Trust (IBIT), for instance, swelling to about $71 billion in assets (as of May 2025), making it the best performing ETF in history.

    Similarly, Michael Saylor’s MicroStrategy, the poster child of corporate Bitcoin, now holds roughly 580,250 BTC on its balance sheet while even skeptics have changed their tune completely, with JPMorgan CEO Jamie Dimon recently announcing that the bank will allow clients to buy Bitcoin (via ETFs) through their brokerage accounts (with rival Morgan Stanley offering the same spot-Bitcoin ETF access to its clients).

    Leaving the big names aside, one can see that the ongoing institutional wave has been unmistakable, with a recent CoinShares analysis reporting that by Q4 2024 professional investors at large were able to accrue $27.4 billion worth of Bitcoin ETFs in the US alone – a 114% jump from the prior quarter. 

    Moreover, asset managers and hedge funds now account for about 26.3% of all US Bitcoin ETF assets under management (up from 21.1% in Q3) as even Bitcoin’s legacy players like Grayscale have witnessed renewed interest.

    In short, capital that once sat on the sidelines has been massively reallocated into Bitcoin.

    And, forecasts suggest this is only the beginning, with a reports projecting over $120 billion of fresh institutional capital into Bitcoin by end-2025, and a staggering $300 billion by 2026, highlighting the rise of “Bitcoin-native yield strategies” allowing holders to earn yields on their BTC.

    Programmability as the foundation for a new financial frontier

    So far, most of the institutional frenzy has treated Bitcoin as a safer store of value than a programmable asset.

    However, over the last couple of years, innovations like Ordinals and the BRC-20 token standard have let people write code onto satoshis or even issue tokens directly atop the Bitcoin network (while various Layer-2s and sidechain projects have brought smart-contracts and even Liquid staking to Bitcoin).

    These aren’t just some random experiments but a taste of what’s to come, with Sygnum Bank reporting that the “DeFi on Bitcoin” revolution is one of the fast-growing, boasting over 30 projects from lending and borrowing platforms to shared-security networks. 

    Amidst all this, SatLayer has positioned itself as the universal economic layer for Bitcoin, using the flagship cryptocurrency as its backbone instead of some wrapped token.

    What that means is that any app built on top of SatLayer can be validated by Bitcoin’s own vast mining power and transparency. 

    Concretely, the team has described the result as a “Bitcoin Validated Service” (BVS), that developers can use to launch things like stablecoins, lending pools, insurance oracles, or other DeFi primitives.

    Moreover, to prove the veracity of its novel concept, Satlayer has recently integrated with a host of other popular chains. 

    For example, late last year, the project tapped into the Sui ecosystem (a high-speed L1), bringing Bitcoin’s security model there.

    The mechanism involved using Bitcoin Liquid Staking Tokens (LSTs) from partners like Lombard Finance and Lorenzo Protocol.

    In short, a DEX on Sui could use Bitcoin as collateral for trades, or an oracle on Sui could have its payouts guaranteed by BTC (making the currency’s trillions more accessible to new chains and financial primitives).

    The broader implications of these developments

    One may be tempted to ask the question, what does all of this mean for institutional money and real-world assets?

    For one, it positions Bitcoin as a programmable gold standard.

    Imagine tokenizing a bond or an equity on a SatLayer-secured chain such that the token’s value is ultimately backed by Bitcoin.

    Or consider a stablecoin issued via SatLayer that borrows Bitcoin’s transparency and security to reassure regulators and users. 

    These kinds of real-world asset (RWA) scenarios have always been talked about on Ethereum, but they could equally exist on the Bitcoin ecosystem as well now.

    More importantly, SatLayer also builds in the enforcement needed to prevent any malpractice as its contracts (deployed on the Babylon framework) include “slashing” logic — wherein if an operator violates rules (say by manipulating an oracle), their locked-up Bitcoin collateral can be confiscated or burned. 

    In effect, the platform aligns the interests of Bitcoin holders (who want security rewards) and service operators (who need Bitcoin collateral) within a single marketplace, turning BTC from a passive asset into a core component of today’s digital financial infrastructure.

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  • Can Bitcoin (BTC) sustain its rally? Investors bet big on Rebel Satoshi (RBLZ) DEX launch

    Can Bitcoin (BTC) sustain its rally? Investors bet big on Rebel Satoshi (RBLZ) DEX launch

    • Analysts predict that Bitcoin (BTC) will continue trading above $50,000. 
    • Rebel Satoshi ($RBLZ) to launch on DEXes after concluding its presale.
    • Investors are optimistic of $RBLZ performance after listing.

    Even as the best altcoins continue to suffer, the Bitcoin (BTC) price has rallied past $51k. Meanwhile, Rebel Satoshi ($RBLZ) has risen continually during its presale as investors anticipate further gains upon its upcoming DEX launch. Let’s understand whether BTC can sustain its rally and why experts consider $RBLZ the best crypto to buy right now. 

    Bitcoin soars past $51K as ETFs AUM surpass $10B

    The rally in the Bitcoin (BTC) price after the approval of Spot ETF was short-lived. After that, the Bitcoin (BTC) price and the entire market had been caught up in volatility. By January 23, the Bitcoin (BTC) price fell to a low of $38,740. However, as the market recovered, the Bitcoin (BTC) price has also risen. 

    On February 15, the Bitcoin (BTC) price was up by 35.1% to trade at $52,345. This surge in the Bitcoin (BTC) price was powered by the growth in the Spot ETFs. As of January 12, the ETFs had accumulated over $10 billion in Assets Under Management (AUM). This rally in the Bitcoin price has occurred despite Grayscale transferring 2,044 BTC to Coinbase Prime. 

    As the fears of a sell-off by Grayscale have failed to stop the Bitcoin (BTC) price from rising, experts are bullish. They predict that the Bitcoin (BTC) price will continue to trade above $50,000 in the coming weeks. 

    Investors foresee gains as the $RBLZ DEX launch approaches

    The innovative meme coin project, Rebel Satoshi, is designed on the principles of Guy Fawkes and Satoshi Nakamoto. Rebel Satoshi aims to bring forth a revolution in the market and usher in true decentralization. The Rebel Satoshi rebellion is led by its Recusant community members. 

    The Rebel Satoshi project revolves around its governance and membership token, $RBLZ, adhering to the ERC-20 standard. Rebel Satoshi has made the $RBLZ contract public, which has been audited by SourceHat. Rebel Satoshi is targeting a $100 million market cap for the $RBLZ token and has fixed its total supply at 250 million. 

    Rebel Satoshi has been conducting the presale of the $RBLZ token in multiple rounds. Right now, the last round, the Recusants Round 5, is underway at $0.024 per $RBLZ. Once the presale ends, the $RBLZ token will rise to $0.025 per token. At this price, Rebel Satoshi will list the $RBLZ token on DEXs sometime after February 29, which is when the presale will end. 

    Moreover, Rebel Satoshi is in the advanced stages of getting the $RBLZ token listed on tier-1 CEX as well. The DEX and CEX listing would result in the $RBLZ token experiencing a massive rally. As a result, the $RBLZ token is considered one of the best altcoins to buy right now. 

    For the latest updates and more information, visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram.

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  • Why a Bitcoin rally could mean big business for NUGX as whales diversify

    Why a Bitcoin rally could mean big business for NUGX as whales diversify

    TLDR

    • Bitcoin’s upcoming pre-halving event has set the tone for a rally.

    • The International Monetary Fund (IMF) warns of possible inflation in 2024, which can affect Bitcoin’s rally.

    • Crypto whales seeking ways to diversify their portfolios are looking to NuggetRush for considerable returns.

    As the pioneering digital asset, the movements of Bitcoin ($BTC) can sway the entire crypto market, dictating trends and influencing investment strategies. Recently, the crypto community has been abuzz with talk of a Bitcoin rally, which has rekindled the industry’s excitement and curiosity. 

    Amidst this Bitcoin resurgence, the intersection of its rally with the trajectory of NuggetRush (NUGX) sets the stage for intriguing exploration by crypto whales. NuggetRush is a meme coin that distinguishes itself through its blend of gaming, real-world impact, and a passionate community. The project stands at the forefront of crypto innovation, using the allure of digital art, including non-fungible tokens (NFTs), in its gaming model. 

    In this article, we journey through the ripples created by this Bitcoin resurgence, specifically focusing on how the diversification of these crypto whales can impact top crypto coins like NuggetRush. 

    NuggetRush (NUGX): Embracing the GameFi gold rush

    NuggetRush is a groundbreaking meme coin, setting itself apart through a captivating gamification approach that promises to redefine the cryptocurrency landscape. This means that, beyond the trading charts and price fluctuations, investors can engage in a dynamic gaming environment and enjoy an interactive experience. It’s an excellent opportunity for early supporters seeking top crypto coins with a real-world impact.

    The native token of the cryptocurrency ICO, NUGX, has a total supply of 500 million. With an intriguing tokenomics structure, NuggetRush offers a presale that marks a pivotal step toward realizing the project’s growth. The ICO has an initial DeFi coin price of $0.10 per token and a proposed launch price of $0.020 following the five stages of the presale.

    NuggetRush offers a virtual universe that guarantees an unforgettable experience. The project is a revolutionary blend of GameFi and adventure that immerses players in the heart of a virtual gold rush. Every mine you explore and every strategy you craft holds the promise of valuable treasures, making every gaming session a thrilling quest. It’s a place where memes and trending NFTs evolve into tangible value. 

    This cryptocurrency ICO doesn’t just stop at providing an immersive gaming experience. It’s built on the Ethereum blockchain, ensuring the highest security and transparency standards. 

    The game’s characters, including Maxwell Stoneforge, Marcus “Mack” McAllister, and Amelia “Mia” Gallagher, offer players a dynamic and diverse set of skills and attributes, doubling as collectible non-fungible tokens. Excitement is added to the gameplay with these trending NFTs.

    >> Buy NuggetRush Now <<

    Bitcoin ($BTC): Opportunities amidst the rally

    The recent Bitcoin rally has captured the attention of the cryptocurrency world, sparking intrigue and excitement. This surge in the value of the token’s DeFi coin price is driven by a complex interplay of factors, including its impending pre-halving event and the possibility of a Bitcoin ETF approval. 

    With these two factors, a change is definite for the cryptocurrency, although no one can tell which way the rally winds will blow. $BTC could skyrocket in price or decline further, especially following the IMF’s (International Monetary Fund) warning of inflation in 2024.

    Cryptocurrency whales, individuals or entities holding substantial amounts of digital assets, have historically been known to wield considerable influence over the market. During bullish phases like the ongoing Bitcoin rally, these whales often diversify their portfolios, seeking new investment opportunities in tokens with incredible features like NUGX. 

    This behavior demonstrates faith in the continued growth of the crypto market and suggests a potential flow of capital into smaller tokens. This diversification also introduces a layer of unpredictability as the market landscape evolves, with benefits and challenges awaiting smaller tokens as they navigate the tidal wave of a $BTC rally. 

    With crypto whales diversifying to new tokens like NUGX, more growth opportunities are sure to arise for such projects and an influx of investors. These projects could potentially meet their goals quickly while gaining more partnerships.

    >> Buy NuggetRush Now <<

    Conclusion 

    The Bitcoin rally casts its influence far and wide, rippling the cryptocurrency market. As it surges, it illuminates the potential for diversified investments and ushers in fresh opportunities. 

    NuggetRush, with its unique blend of gaming, impact, and community, stands poised to navigate these dynamic waters. The synergy between Bitcoin’s resurgence and the innovative approach of NuggetRush hints at a promising journey ahead. 

    As the cryptocurrency landscape continues to evolve, one thing remains certain: the interplay of Bitcoin’s rally and tokens like NUGX exemplifies the dynamic nature of the crypto world, offering opportunities for investors and enthusiasts to explore and engage.

    Visit NuggetRush Presale Website

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  • Which Coin Might Be the Next Big Mover?

    Which Coin Might Be the Next Big Mover?

    Toncoin ($TON) has surged 150% from June 2023 lows and is now a Top 10 project, with a higher valuation than Solana ($SOL) and Tron ($TRX), and quickly turning out to be one of the best crypto investments. Looking at the market cap leaderboard, the token is closely trailing Dogecoin ($DOGE), and Cardano ($ADA) is within range. $TON is up over 30% in the past week of trading and there could be more upsides if bulls press on as they unwind losses of 2023.  

    While Toncoin is getting all the attention lately, investors are also exploring emerging projects.Top of the list is eCash and Domini.art ($DOMI). eCash ($XEC) is a rebranded version of Bitcoin Cash ABC, a project with roots in Bitcoin Cash ($BCH) which in turn forked from Bitcoin —a top choice crypto for beginners. Meanwhile, Domini.art is being built from scratch and its creators aim to democratize the art world, providing more opportunities for investors and empowering artists while tapping on blockchain and non-fungible tokens (NFTs) capabilities.

    In the ongoing presale, $DOMI is fast selling out and is set for double-digit gains in the next presale phase. This explains the rising demand, especially from crypto investors who are already tracking the unprecedented expansion of $TON.

    Why is $TON rallying hard?

    The spectacular rise of Toncoin ($TON) is drawing investors as seen by the exploding trading volume. 

    Looking at market trackers, $TON is up 31% in the past trading week alone and quickly cementing its position in the top 10. The coin’s dominance is also helped by flat-lining DOGE and ADA prices. Over the past few months, ADA has been crashing and is now below the psychological $0.30 and bouncing from 2023 lows. On the other hand, Dogecoin is losing steam as attention shifts to emerging projects, including $PEPE.

    $TON is rapidly gaining traction partly due to the improvement in crypto sentiment. $BTC, for instance, rejected lower lows, reversing from $25k to spot rates. This lifted $TON as investors began searching for quality projects to diversify to. Moreover, Telegram has integrated Tonchain, boosting $TON. 

    Telegram is a popular messaging platform with over 700 million active users. With this deal, Telegram plans to launch a TON wallet in the coming weeks. Here, Telegram users will easily interact with the Tonchain ecosystem, even storing TON.

    As $TON soars, analysts believe $DOMI and $XEC are next. Can this be true?

    Why Domini.art and eCash are the next big projects after Tonchain

    At time of writing, $XEC is up 16% from September lows but still under pressure. Riding on their objective to enhance payments, their growth, however, may not be as rapid as other altcoins, including $DOMI—which could be one of the altcoins to watch in September.

    Domini.art is ambitious and its creators have laid down a clear roadmap to revolutionize the art world—an industry that can be used to store value in times of economic turmoil. To illustrate, statistics show that blue-chip artwork has been consistently outperforming S&P 500 by over 500% since 2000. And looking at the sale of Jean Michel Basquiat’s masterpiece for $110.5 million (initially purchased for $12k), it is clear why digitizing art and allowing everyone to participate can be lucrative.

    Domini.art merges blue-chip art with blockchain, in effect, opening up the doors for global investors to not only invest but diversify their crypto portfolios and even trade on their marketplace. The platform anchors on the globally accessible Ethereum network, making it possible for anyone to participate.

    By using non-fungible tokens (NFTs), artwork acquired is fractionalized and sold on the marketplace for all willing investors. $DOMI plays a key role in this and is used as the primary utility token. Holders receive multiple benefits, including access to rewards and events.

    $DOMI is available for $0.002625 in the presale and over 37 million have so far been sold, days after launching.

    Conclusion

    While $TON roars, storming into the top 10, $XEC and especially $DOMI–the best NFT crypto–are highly likely to be the next big projects to surge. $DOMI is core to Domini.art and their value proposition means adopters who get exposure at spot rates can benefit massively once it launches. Analysts have suggested $DOMI could be a top-20 project by 2024.

    Learn more about $DOMI here:

    Visit Domini.art Presale | Join the Community

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  • Grayscale secures a big win against SEC in Bitcoin ETF case

    Grayscale secures a big win against SEC in Bitcoin ETF case

    grayscale win against sec in bitcoin etf case
    • U.S. court rules in favour of Grayscale in its lawsuit against SEC.
    • Today’s ruling paves the way for the first U.S. Bitcoin ETF.
    • Bitcoin and Ethereum jumped over 5.0% following the news.

    The U.S. Court of Appeals for the DC Circuit just ruled in favour of Grayscale in its long-running lawsuit against the Securities & Exchange Commission.

    First U.S. Bitcoin ETF is now expected soon

    SEC had blocked the asset manager’s effort to convert its flagship Grayscale Bitcoin Trust to an exchange-traded fund last year.

    But the ruling this morning paves the way for a Bitcoin ETF not just for Grayscale but also for others that have applied for one, including BlackRock and Fidelity. A Grayscale spokeswoman said today:

    [Ruling] is a monumental step forward for investors, Bitcoin ecosystem, and those who have been advocating for Bitcoin exposure through added protections of ETF wrapper.

    Bitcoin as well as Ethereum jumped more than 5.0% following the announcement on Tuesday.

    Why does a Bitcoin ETF attract all the hype?

    Note that a Spot Bitcoin ETF is a big deal as several experts are convinced that it would help boost institutional interest in the cryptocurrency and potentially unlock its next leg up.

    Shares of Coinbase Global – the listed custodian partner in a bunch of applications for such an exchange-traded fund are also up nearly 15% at writing. According to Dave Weisberger – the Chie Executive of CoinRoutes:

    It virtually guarantees they will approve BlackRock and Fidelity. Grayscale may need to refile, but they will almost certainty be approved as well.

    The Grayscale Bitcoin Trust currently manages assets worth about $16 billion. The aforementioned lawsuit against the U.S. Securities & Exchange Commission started in June of 2022.

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  • China’s state TV crypto broadcast “big deal”, Binance CEO says

    China’s state TV crypto broadcast “big deal”, Binance CEO says

    • Binance CEO Changpeng Zhao says China’s state TV crypto broadcast is “a big deal.” 
    • He notes that previous coverage has historically been bullish for crypto.
    • His comments come as Bitcoin price struggled to stay above $26k on Wednesday.

    Binance CEO Changpeng Zhao, popularly known as CZ, says China broadcasting a crypto segment on state broadcaster China Central Television is “a big deal” and that such broadcasts have previously coincided with a subsequent uptick in crypto prices.

    According to CZ, the broadcast has “Chinese speaking communities buzzing,” given how such coverage of Bitcoin have ended with crypto price rallying.

    “It’s a big deal. The Chinese speaking communities are buzzing,” he tweeted on Wednesday. “Historically, coverages like these led to bull runs.”

    He however, noted that his comments do not mean that the “past predicts the future.” The Binance CEO, who is one of the biggest crypto proponents in the world, added a disclaimer that his remarks did not constitute financial advice.

    Bitcoin features in Chinese TV broadcast

    The referenced broadcast shows a Bitcoin ATM in the increasingly crypto-friendly Hong Kong. The crypto teller machine also shows a bitcoin logo and a “Buy Bitcoins” inscription. The TV segment also featured commentary on NFTs.

    But it should be remembered that China banned bitcoin (again) in 2021.

    As highlighted here on Tuesday, Bitcoin price rose briefly to touch the $27,500 resistance area as Hong Kong announced retail investors would from 1 June be able to buy and trade bitcoin and Ethereum on regulated exchanges.

    Experts hailed Hong Kong’s Securities and Futures Commission (SFC)’s announcement as a potential game changer for crypto adoption. The framework comes as Hong Kong looks to position itself as a leading crypto and blockchain hub, while at the same time offering guidelines and rules that target greater protection for consumers.

    Bitcoin has not had a major reaction to the latest China related news, and was struggling to remain above $26k as at 1:50 pm ET on Wednesday. According to data from CoinGecko, BTC was perched at $26,300, down 3.2% in the past 24 hours. 

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  • Analyst says CPI could be big market mover

    Analyst says CPI could be big market mover

    • Bitcoin price hovers above $28k with a ranged trading over the past month.
    • Analyst Michael van de Poppe says the US consumer price index report out this week could be a big market mover.
    • Bitcoin’s volume weighted average price (VWAP) is a metric to also watch.

    Bitcoin price continued its ranged trading this past weekend, with bulls retesting the $28,500 area. As the week starts, the top cryptocurrency could see an injection of volatility.

    Indeed, crypto analyst Rekt Capital says bitcoin remains “well positioned for mid- to long-term upside”, particularly as the cryptocurrency moves towards its next halving event. 

    But what about the next few days? Below is what analysts say about Bitcoin price this week.

    Bitcoin price prediction ahead of CPI data this week

    According to crypto analyst Michael van de Poppe, BTC is still in consolidation – which has stretched from around mid-March. But with big economic news on the cards this week, the market could be in for a bit of movement.

    In a comment on Bitcoin price he shared on Monday, van de Poppe said the upcoming Consumer Price Index (CPI) data expected on 12 April is a “big event this week.” 

    If buyers manage to retest the $28,600 level, its likely BTC will break higher.

    “Bitcoin is still stuck in the range. Good move overnight to $28,500 and back to consolidation. Big event this week with CPI, probably the market mover. If another test of $28,600 takes place, I’m assuming we’ll be breaking out upwards,” the analyst noted.

    Here is the analyst’s Bitcoin price chart.

    Trading volume metric and BTC price outlook

    Pseudonymous analyst bitcoindata21 also says the CPI news this week will likely be a major market catalyst. However, he also highlights Bitcoin’s Volume Weighted Average Price (VWAP), which he says currently sits on the benchmark cryptocurrency’s all-time highs.

    VWAP takes into account the average price of a trading asset as weighted by its total trading volume. 

    The metric helps analyse and forecast price movement based on the average value over a given period. In this case, bitcoindata21 highlights the 30-day VWAP on 15 April, with a potential upward crossing on 13 April.

    The chart below bitcoindata21 shared on Twitter shows a comparison of the 2019 and 2023 price movements.

    Bitcoin price VWAP historical data outlook comparing 2019 and 2023. Source: bitcoindata21 on Twitter.


    The 1-month sideways trading along the VWAP is similarly positioned as was in 2019 before BTC went on to hit a new all-time in the last bull market.

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  • Big Whales Are Making Enormous DOGE Transfers-ME

    Big Whales Are Making Enormous DOGE Transfers-ME

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  • UNITY – NEXT BIG CRYPTO PROJECT & EXCHANGE

    UNITY – NEXT BIG CRYPTO PROJECT & EXCHANGE

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