Latest Crypto & Bitcoin News

Popular cryptocurrency analyst Ali Martinez pointed out the aggressive moves of whales in Bitcoin (BTC). One of the popular analysts of the cryptocurrency market, Ali Martinez, discussed Bitcoin whales. The analyst, indicating the intense purchases last week, emphasized that the whales collected more than 100,000 Bitcoin. Ali, expressing that whale purchases could have a positive effect on the price, noted that the continuation of the bull could come: Bitcoin whales bought over 7 billion dollars worth of 100,000+ Bitcoin last week! Bitcoin, which showed a 0.5% increase in the last 24 hours according to CoinGecko data, is trading at $70,400 as of the time of writing.

The longstanding project of the crypto market, Bitcoin Cash (BCH), made a significant move before halving. On April 4th, Bitcoin Cash will experience halving. With this anticipation, Bitcoin Cash, which continues its uptrend, has caught the attention of analysts. In a statement about the issue, Alex Kuptsikevich, a senior market analyst at FxPro, pointed out that the corrections could deepen, and made the following remarks: Bitcoin dropped below 70,000 dollars, which is attributed to the need for bulls to relieve stress and the overall decrease in risk appetite in global markets. The short-term focus of traders will be to see if Bitcoin can retest intraday low levels around 69,500 dollars on Tuesday. A breakthrough below this level could signal a longer-lasting correction. According to CoinGecko data, BCH, which showed a 13% increase in the last 24 hours, is trading at 574 dollars at the time of writing.

A crypto investor made hundreds of thousands of dollars in profit in just 2 days thanks to meme coins. According to data shared by the on-chain analytics platform Lookonchain, the crypto investor started his journey with 50 Solana (SOL) and ended it with 2,828 SOL thanks to meme coins. The investor’s target was the popular meme coin of recent days, MEW. After seeing that MEW was listed, he withdrew 50 SOL from the crypto exchange MEXC and bought 368 million MEW with it. After the rises specific to MEW, the investor sold $530,000 worth of MEW. Following this sale, the investor still holds 168 million MEW worth $353,000. The investor’s profit from short-term meme coin trading increased to over $877,000. Introduced to the market just 3 days ago, MEW has made millions for many crypto investors while also causing a lot of investors to lose money.

Following the hack of decentralized finance (DeFi) platform Prisma Finance, the price of altcoins has begun to plummet. According to the on-chain security monitoring platform Cyvers Alerts, Prisma Finance was attacked due to an open vulnerability in the TroveManager smart contract. It is believed that a total of 11 million dollars worth of Ethereum (ETH) was stolen, and the team made a statement regarding the issue. The Prisma Finance team, shortly after the incident, stated on Twitter that they were aware of the attack. The team stated the following: We are aware of a potential exploit in Prisma. Core engineering participants will pause the protocol and investigate. We will be sharing an update and post-mortem. According to CoinMarketCap data, the native cryptocurrency of Prisma Finance, PRISMA, experienced a significant loss in value in a short period of time. PRISMA dropped from $0.40 levels to $0.2433 with a 40% decrease before […]

UK and US are investigating a $20 billion transfer by a Russia-based cryptocurrency exchange. According to Bloomberg’s report on March 28th, US and UK are investigating a Russia-based cryptocurrency exchange’s $20 billion cryptocurrency transactions. Sources say that the payments under scrutiny were made using Tether through Moscow-based cryptocurrency exchange Garantex. The transfers are reported to have occurred following the US and UK sanctions amid allegations that Garantex facilitated illegal operations in Russia. The US Government has been trying to crack down on cryptocurrency exchanges in the country since the tension between Russia and Ukraine. Sources suggested that the $20 billion transaction could be the largest one since the sanctions against Russia. The report also mentioned the difficulty of tracking cryptocurrency sanctions.

The latest data shows that crypto whale activities indicate profit-taking behaviors at peak levels. The on-chain analysis platform Glassbode introduced an analysis based on the profitability rates of Bitcoin investors with an important detail. In this analysis shared on Mar 27, it was emphasized that the $73,000 peak level is a zone where long-term investors prefer to take profits, and a warning was given about a possible correction: Following the breakout above ATH, the Bitcoin market has reached a statistically significant level in terms of unrealized profits held within the supply. Historical examples have been interesting points where the market has historically found some resistance and some investors start to take profits and chips off the table to some extent. According to CoinGecko data, Bitcoin, which showed a 5% increase in the last 24 hours, is currently trading at $70,700.

Popular analyst and trader Michaël van de Poppe stated that Bitcoin is at a critical level and is heading for a new all-time high (ATH). In a tweet on March 28, Michaël van de Poppe noted that the Bitcoin price is hovering around a critical level and implied that reaching an all-time high is imminent. Poppe emphasized the vital importance of the $67,000 level for Bitcoin, indicating that ATH will come as long as it holds. It was emphasized in general that upward movements in Bitcoin occur before the halving. Poppe had previously stated that the price could dip back to $60,000 just before the interest rate announcement by the U.S. Federal Reserve and then recover. This prediction proved correct as the analyst witnessed an $11,000 increase in Bitcoin. According to CoinGecko data, the Bitcoin price is currently trading at $70,598.

CryptoQuant CEO Ki Young Ju said that this bull market cycle in the crypto market is different from the previous ones. Ki Young Ju, one of the important figures in the crypto market, made striking statements in his social media post dated March 27. Implying that the current bull market is different from the previous ones, Young Ju indicated institutional inflows. Young Ju stated that in the past 6 months, $86 billion in inflows came into the market by institutional funds and emphasized that such an inflow had not occurred in previous bull markets. According to the data shared by Ju, institutional inflows reached $94.3 billion in the big picture. While expressing that this influx from the institutional side could bring the crypto market, especially Bitcoin, to very high levels, in addition to his post, he also referred to the influence of BlackRock and MicroStrategy in the shared graph: This […]

A realization that more than 50% of Bitcoin’s supply is in the hands of short-term investors putting the possibility of a decrease on the table. According to an article shared by an author at on-chain data platform CryptoQuant, short-term investors have accumulated large amounts of Bitcoin in recent months. Based on “Realized Cap Hold Waves” data in Bitcoin, the article indicates that at present, half of the current Bitcoin supply is held by short-term investors who tend to hold onto Bitcoin longer. Moreover, based on realized value, Bitcoin is entering a risky zone similar to the 2019 price cycle region. The main reason cited for this is the increased value in the hands of short-term investors. As short-term investors generally tend to take profit during rises or tend to exit the market, price corrections may occur. According to CoinGecko data, the price of Bitcoin is currently trading at $71,023.

Crypto exchange Upbit’s listing of altcoin sparked action by corporate whales. On March 27, Upbit listed Mantle (MNT), causing the price to surge by around 60%. According to on-chain analysis platform Lookonchain, corporate whales Dragonfly Capital and Fenbushi Capital acted shortly after the surge. Data revealed that Dragonfly Capital deposited 21 million MNT worth $25.2 million to Upbit. Fenbushi Capital also deposited 2.89 million MNT worth $3.78 million to Biybit after holding for 8 months, resulting in profits exceeding $2.4 million. According to CoinGecko, MNT has seen a 41% increase in the past week and is currently trading at $1.21.