{"id":24702,"date":"2022-04-22T06:00:48","date_gmt":"2022-04-22T10:00:48","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=24702"},"modified":"2022-04-22T06:00:58","modified_gmt":"2022-04-22T10:00:58","slug":"volatility-increases-as-bitcoin-whales-continue-acquiring-sub-40000-levels","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/volatility-increases-as-bitcoin-whales-continue-acquiring-sub-40000-levels\/","title":{"rendered":"Volatility Increases As Bitcoin Whales Continue Acquiring Sub $40,000 Levels"},"content":{"rendered":"\n
Bitcoin (BTC), the world's largest cryptocurrency<\/a>, has been showing increased volatility around $40,000 levels. The BTC price has corrected 2.85% as of press time and is currently trading at $40,546 with a market cap of $771 billion.<\/h5>\n\n\n\n
\"Volatility
Bitcoin Whales Continue Acquiring Sub $40,000 Levels<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

Whales have been accumulating during the recent price dip below $40,000, according to Santiment, and on-chain data sources. It stated:\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>\n\n\n\n

Bitcoin whale addresses holding 100 to 10k\u00a0$BTC\u00a0have collectively accumulated 18,104 more\u00a0$BTC\u00a0since the April 10th price drop below $40k. However, their holdings are still down substantially since October. Meanwhile,\u00a0$USDT\u00a0buying power looks promising.<\/em><\/p><\/blockquote>\n\n\n\n

\"Volatility
btc<\/figcaption><\/figure><\/div>\n\n\n\n

Crypto analyst Ali Martinez argues<\/use><\/svg><\/span><\/a> based on current technical chart levels. “Bitcoin needs to get back above $40,800 for a chance to rebound to $45,000 or even $50,000.” Be aware a decisive daily close below $39,400-$38,500 can invalidate the optimistic outlook and result in a retracement to $35,000 or even $30,000 for $BTC.”<\/p>\n\n\n\n

\"Volatility<\/figure><\/div>\n\n\n\n

Bitcoin<\/a>, which was trading close to $43,000 earlier on Thursday, has lost steam after remarks from the Federal Reserve. The United States central bank has been considering a tighter monetary policy, which would act as a headwind for risk-on assets such as stocks and cryptocurrency.<\/p>\n\n\n\n

The Fed has hinted at raising interest rates by 50 basis points at the next FOMC meeting in May.<\/p>\n\n\n\n

The Altcoin Market's Movement<\/strong><\/h3>\n\n\n\n

The broader cryptocurrency market, like Bitcoin, has been under pressure. Ethereum (ETH), the world's second-largest cryptocurrency, is down 3% but still holding at its key support levels of $3,000. Santiment, an on-chain data supplier, says:<\/p>\n\n\n\n

Ethereum\u2019s\u00a0address activity really picked up this week, with Wednesday\u2019s 592k addresses being the highest number of unique interactions in over a month. Meanwhile, social discussion for\u00a0$ETH\u00a0has hit its highest levels in over two months.<\/em><\/p><\/blockquote>\n\n\n\n

\"Volatility<\/figure><\/div>\n\n\n\n

All of the top ten altcoins, on the other hand, have corrected anywhere between 3-5 percent. Recently, the altcoin market has witnessed active trading, with altcoins like Terra (LUNA) showing rapid movements.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC), the world’s largest cryptocurrency, has been showing increased volatility around $40,000 levels. The BTC price has corrected 2.85% as of press time and is currently trading at $40,546 with a market cap of $771 billion. Whales have been accumulating during the recent price dip below $40,000, according to Santiment, and on-chain data sources. […]<\/p>\n","protected":false},"author":32,"featured_media":24709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[9319],"class_list":["post-24702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin-whales"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/vola-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=24702"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/24702\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/24709"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=24702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=24702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=24702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}