Bittime - After the successful Bitcoin halving event on April 16, the cryptocurrency market entered a period of relative stability, according to Adam, macro researcher at Greeks.live. Check out the predictions tweeted via his X account below.
Weekend Boost for Miners
Although the overall market remained calm, several "hot" projects saw significant activity over the weekend. This spike in activity causes a temporary increase in Bitcoin transaction fees, which ultimately benefits miners through higher revenues.
Check Today's Crypto Market:
| BTC/IDR | SOL/IDR |
| ETH/IDR | USDT/IDR |
| DOGE/IDR | ARB/IDR |
Potential for Lower Fluctuation and Volatility
This week is expected to see few macroeconomic events or big data releases. However, the market may still be influenced by trends in the US stock market, which may cause some volatility in risk assets such as cryptocurrencies.
Analysts expect an overall decrease in volatility compared to two weeks ago. Bitcoin prices saw a significant increase over the weekend, with key-term implied volatility (IV) stabilizing and market structure gradually returning to normal. Even though Dvol (daily volume) is high, volatility is expected to be lower this week.
Also Read How to Buy Crypto:
Mixed Signals in the Bitfinex Market
Bitfinex's green leaf interest rate market shows a mixed picture. While large investors are reportedly increasing their positions, signaling potential confidence in the market, interest rates themselves have not shown a sustainable upward trend and are currently at average levels.
Analysts recommend a cautious approach to orders seeking high interest rates in this environment.
Conclusion
Overall, the post-halving market seems to be stabilizing. While some volatility remains a possibility due to external factors, analysts expect a calmer week compared to the most recent period.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Buck the Trend? JP Morgan Predicts Bitcoin Will Drop After Halving
Bitcoin Celebrates on “4/20” Day, Unique Halving and ETFs Spark Investor Excitement
Coins Under $10 Worth Considering Before the Halving
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.