Ethereum is tentatively building on a key support ledge in the 40-day cycle trough zone (semicircle represents the cycle). RSI is also trying to form a base at the bottom of the 40 – 8- bullish range.
The overall look of price action over the last eight sessions is more that of a downtrend consolidation but we should keep an eye on it and any sharp push higher here will be taken that the 40-day cycle has actually bottomed and is pushing higher again.
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There were US$433 million entering digital asset products last year, down 95% and 90% from US$9.1 billion in 2021 and US$6.6 billion in 2020 respectively.
There has been little action around the two main cryptocurrencies in the past month, and Bitcoin’s dominance of the crypto market still stands at 40.15%. The question on everyone’s minds is whether the crypto market has bottomed, and how long it will take for confidence to return.
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Though it reached a new high in March, experts surveyed by Blockhead are unsure if it will reach $100,000 this year due to volatility. However, they are bullish on Bitcoin in the long term, expecting it to hit $100,000 next year and $150,000 by the end of 2025.
Binance coverts all of its SAFU to USDC whilst making a return to India despite the country exiling leading exchanges
Dubai Airport advised travellers to avoid the airport but Token2049 left conference-goers "liquidated"
This move comes amid Abu Dhabi's growing prominence as a hub for institutional crypto activity.
