Latest Market Overview 21st Apr: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK
The Bitcoin market recent surge suggests a potential climb towards $95,000, hinting that it may have already found a solid bottom. On 21 April, the US Dollar Index (DXY) dropped below the 98 mark, reaching its lowest point in three years. This sharp decline helped propel gold to a new record high, while Bitcoin also gained momentum, breaking past the $88,000 threshold. Arthur Hayes, co-founder of BitMEX and chief investment officer at Maelstrom, has suggested that this might be the final opportunity to purchase Bitcoin for under $100,000. Hayes anticipates that the Federal Reserve could introduce US Treasury buybacks, which he believes would significantly boost Bitcoin’s upward movement. Daily cryptocurrency market performance. Source: Coin360 The whales seem ready for the move higher, as they have been accumulating in March and April. According to Glassnode data, the number of wallets holding more than 1,000 Bitcoin increased from 2,037 in late February to...