Altcoins sell-off as Bitcoin price drops to its ‘macro level support’ at $38K
BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone.
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BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone.
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the top three trending altcoins to buy in 2022
Markets took a turn for the better after BTC reclaimed $40,000 and the excitement over Elon Musk buying Twitter translated to a 20% pump for DOGE price.
Shiba Inu, Dogecoin and SafeMoon are trading far from their all-time highs, but each project is still active, meaning there is still a chance for another memecoin rally.
Bitcoin’s breakout above $42,000 was short-lived, leading some analysts to suggest that swing trading BTC’s range is the smartest move for now.
STEEM, SWAP and ZRX prices surged shortly after a round of listings at major crypto exchanges.
On-chain data suggests that the market has “already capitulated” and traders identify a bullish technical analysis pattern with a breakout target near the $41,300 level.
Google search data and exchange activity point to declining interest from retail traders as crypto investors search for the next big spark that will bring fresh capital into the ecosystem.
As the dust settles following the release of the Conibase exploration list, MITX, KROM and BDP have emerged as the big winners with triple-digit price gains.
Quantstamp, DigitalBits and AirSwap climb higher as the wider market stagnates and traders take an early weekend in observance of Good Friday.