Bitcoin, Ethereum and Litecoin are the top cryptos to be watching this week.BTCEthereumETHPepePEPE).
Profits made by Bitcoin Whales
Since March 14, Bitcoin’s whale activity has decreased. But a spike in whale activity could increase BTC price.
Crypto analyst Lookonchain highlighted recently a movement by a whale of over 1,200 Bitcoins, valued at an incredible $77.67 Million, into the Kraken Exchange.
Analysts claim that between March 1 to April 15 the same whale accumulated 24755 BTC, valued at approximately $1.68 billion. Each Bitcoin was purchased on average for $68,051.
Furthermore, data CryptoQuant’s data indicates that Bitcoin whales may be taking profits, as the inflows of exchange have increased to their highest level for five months. The analysts believe there could be a price drop in the next week due to this trend.
Bitcoin’s dominance of the larger crypto-market, which is more than half, means that large transactions have a significant impact on it.
Bitcoin’s attempts to recover its value have been slowed by the recent market conditions. After days in the negative, the price of the cryptocurrency has gained just 1% within the last day, and now trades at $63,520.
Ethereum remains green
Altcoins also face threats downward pressureThe total market capitalization of cryptos fell by $150 billion over the weekend.
After trading near its trendline support within a triangle pattern, Ethereum seems to have sparked a bullish market sentiment.
Despite the price correction of 32% of ETH’s token from its yearly peak of $4 094, ETH still has a more than 75% positive outlook for this year. ETH was the only large-cap crypto to remain in positive territory over the weekend.
The coin is now 5.5% more than 24 hours earlier. ETH has reached its highest level in 7 days. Satoshi flipper and other analysts at X have hinted at a bull run based on the coin’s underlying indicator.
PEPE celebrates the end of the week in style
Pepe is another token worth paying attention to in the coming week. The third largest meme coin Market cap by has seen a fairly strong performance from its launch in the year 2023. It is now priced at $0.000007459. The price has risen by 7.1% over the last 24 hours. And it’s up nearly 28% in this week. The current price represents a decrease of 4.8% over the last month.
Pepe, with a $3.1 Billion market cap and $648 Million in 24-hour trading volume is one of top cryptocurrency to keep an eye on. Although the meme coin experienced retracements in recent weeks, it has shown resilience. Its strong trading volume, and interest from the market, could support its continued upward trend.
Bitcoin, Ethereum, Pepe and other cryptocurrencies are important to watch this week, as they negotiate market fluctuations, potential price moves driven by market sentiment and whale activity.
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Source: crypto.news