Bitcoin’s Ascent Towards Historical Peaks
Bitcoin (BTC) has further narrowed the gap to its all-time high, now just a 10% increase away from reaching this milestone. The immediate hurdle in its upward journey is the $65,000 mark, with a breakthrough potentially testing the resistance around the historical maximum of $69,000. According to CoinGlass, significant liquidity has accumulated at the $61,500 level over the past 12 hours, suggesting a potential short-term dip to the $61,000 area before resuming the uptrend. Should Bitcoin break through $69,000, the next growth target is set at $80,000.
Ethereum’s Push Towards Resistance
Ethereum (ETH) is on the verge of challenging the $3,550 resistance level, poised to push towards the $3,900 – $4,000 range upon successful breakthrough.
Telegram’s Monetization Move with Toncoin
Pavel Durov announced that from March 2024, Telegram channel owners will earn half of the revenue from ads displayed in their channels, paid in Toncoin (#TON). This initiative marks a significant step in the Toncoin ecosystem’s development, potentially boosting user engagement on the platform and increasing demand for TON. The introduction of Telegram Ads across nearly a hundred new countries next month expands Toncoin’s utility within the Telegram ecosystem, likely positively impacting the coin’s value in the medium term.
Altcoin Highlights
- The addition of new trading pairs on the DEX BRC-20 Ordiswap (#ORDS) led to a 36% increase in #ORDS value against USDT.
- Acria.AI’s (#ACRIA) listing on MEXC Exchange resulted in a 28% price surge against USDT.
- News of the upcoming beta release of Star Atlas (#ATLAS) version 2.2 this year boosted #ATLAS by 25% against USDT.
US Stock Market Dynamics
The US stock market ended Wednesday on a downturn, influenced by negative trends in the technology, healthcare, and oil and gas sectors. The Dow Jones, S&P 500, and NASDAQ Composite experienced slight declines.
Cryptocurrency Market Growth
The total market capitalization of digital assets increased by 5.6% over the last day, with Bitcoin’s dominance rising by 0.8%. A record $674 million flowed into Bitcoin ETFs yesterday, the largest influx since their inception. With the Bitcoin halving anticipated on April 18, these factors cumulatively enhance the prospects for a new all-time high soon.
This overview provides a snapshot of the current state and potential future movements within the cryptocurrency market, highlighting significant developments and opportunities for investors.