The crypto prices today were hit by a strong bearish trend as Bitcoin slumped to the $66,000 level and Ethereum extended below $3,400.

STORY HIGHLIGHTS

• Bitcoin succumbed to a bearish trend and slipped below $67,000.
• Ethereum crashed massively and traded near $3,300.
• Solana, Cardano, and XRP registered one of the biggest crashes this year.

The top crypto prices today witnessed a bearish turn as the Bitcoin (BTC) price plummeted to the $66,000 level. In addition, the Ethereum price slumped below the $3,400 mark. Meanwhile, other top altcoins, such as Solana (SOL), XRP, and Cardano (ADA) dipped notably.

Major Crypto Prices Today

The Bitcoin price was down by 5.60% reaching $66,558.68 at the time of writing on Tuesday, April 2. On the other hand, it’s trading volume skyrocketed 101.24% to $41.93 billion in the last 24 hours. Meanwhile, the crypto held a market capitalization of $1.30 trillion.

Turning to altcoins, the Ethereum price crashed 6.70% to $3,365.39 at press time with a market valuation of $404.40 billion. Whilst, ETH saw its trading volume spike by 76.69%, reaching $19.10 billion. Meanwhile, the Binance Coin (BNB) price dropped 5.83%, reaching $559.47. In contrast, its 24-hour trade volume gained by 59.31% to $2.33 billion.
The Solana price inched closer to dip below the $200 mark again. The Solana price crashed 8.70%, settling at $183.64. On the contrary, SOL witnessed a 68.56% surge in trade volume to $4.23 billion in the last 24 hours. Whilst, the XRP price dipped lower than the $0.60 level. The XRP price recorded a slump of 4.49%, reaching $0.5996. On the other hand, XRP’s trading volume skyrocketed 156.67% to $2.12 billion.

Meanwhile, the Cardano price tumbled 7.57% to $0.5971 today. Whilst, ADA registered a staggering 115.21% increase in its 24-hour trading volume, settling at $722.75 million. As the top crypto prices crashed today, the meme coin arena followed suit. The Dogecoin price was down by 12.80% to $0.1884 while its rival, Shiba Inu price slipped by 10.31% and traded at $0.00002701.
Also Read: Bitcoin Bulls Ignite as Coinbase Records Second Largest Weekly Outflow

Top Crypto Prices Today Are

Pepe Coin (PEPE) Plunges 15%

The Pepe Coin (PEPE) crypto, a trending Solana meme coin, slipped nearly 15% in value today. At press time, the Pepe Coin price was down by 14.70% to $0.000007266 with a market valuation of $3.05 billion. In contrast, its 24-hour trade volume for PEPE rose 7.87% to $1.06 billion.

Core Soars Over 38%

Core (CORE), an EVM-compatible Layer 1 project, witnessed a impeccable rally of over 38% and ranked as the top crypto gainer for two consecutive days. The Core price was up by 38.08% to $3.79 at the time of reporting. Moreover, its trade volume spiked by 81.46% to $697.64 billion. Furthermore, the Core crypto recorded a high of $4.14 amid the rally today.
Also Read: Bitcoin ETFs Dominate US Market in Q1 2024

• TAGS
• Bitcoin (BTC) Price
• Crypto price today
• Ethereum (ETH) price
• XRP price

Solana leads altcoin pack with $6.1 million in inflows from institutional investors

CRYPTOS | 04/02/2024 11:19:19 GMT

• Solana leads Polkadot, Cardano, XRP and other altcoins with $6.1 million in institutional capital inflows last week, data from Coinshares shows.
• Digital asset investment products noted $862 million in inflows, with Bitcoin leading and only $18.3 million directed towards altcoins.
• Solana's price lost nearly 6% on the day as on-chain activity declines after the spike seen in the last week of March.

Solana’s (SOL) price falls sharply on Tuesday, influenced by the steep decline in Bitcoin prices, even though the altcoin registered $6.1 million in inflows from institutional investors last week. While the recent meme coin frenzy may have benefited Solana and attracted capital last week, a recent drop in on-chain activity and a slowdown in inflows could be behind the recent price decline.

Solana leads recovery in institutional capital inflow

Data from European alternative asset manager CoinShares, shows that digital asset investment products saw a recovery in sentiment last week, with institutional capital inflows totaling $862 million. This marks nearly a complete recovery compared to the prior week’s record $931 million outflows.

Most inflows to cryptocurrency markets were due to Bitcoin, which registered a $865 million capital inflow. Meanwhile, altcoins saw a combined inflow of $18.3 million, with Solana leading the pack ahead of XRP, Chainlink, and Polkadot. 
Flows by asset. 
While Solana-based funds observed a $6.1 million weekly inflow, on-chain activity on the chain has registered a sharp decrease. On-chain data from the Block shows that the number of new addresses and active addresses on Solana are in a downward trend since the six-month high seen on March 22. 
Number of Active Addresses on Solana 

Solana price dips following BTC correction

Bitcoin price suffered a decline to $66,000 early on Tuesday on account of massive liquidations across derivatives exchanges. BTC’s price decline ushered in a correction in large market capitalization assets, including Solana. 
Solana price is down nearly 6% on the day despite the Solana based meme coin rallies and user activity in assets like Book of Meme (BOME), Cat in a dogs world (MEW) and Tombili the Fat Cat (FATCAT). Find out more about these assets here. 
Top 3 Price Prediction: BTC whales position themselves for pre-halving pump

• Bitcoin price retesting $68,500 could mark conclusion of pullback period as BTC halving narrows to under three weeks.
• Ethereum price risks an extended fall as BTC remains in mucky waters.
• Ripple price could drop to $0.5783 before XRP becomes attractive for buyers again.

Bitcoin (BTC) price is coiling up for a definitive directional bias as market eyes remain peeled for BTC halving. As this happens, Ethereum (ETH) price is waiting for the next cue from the pioneer cryptocurrency, while Ripple (XRP) price remains hugely influenced by developments in court.
Also Read: Bitcoin price coils up for next move as retail takes deliberate steps in BTC halving month

Whales movements ahead of halving

Ahead of the halving, BTC large holders have joined the retail market in positioning themselves for the halving. Blockchain tracker @whale_alert has flagged multiple whale movements in readiness for this landmark event.

1. One whale moved 1,000 BTC tokens worth $68.54 million from Bitfinex exchange to a new unknown wallet.
2. A dormant address containing 500 BTC worth around $34.72 million was activated after 11.7 years.
3. Another whale moved 1,500 BTC worth $103.08 million from an unknown wallet to another unknown wallet.

Meanwhile, Head of Research at Uphold Inc., @MHiesboeck on X, says, “…institutions and whales have bought more than 12,000 BTC mostly on Coinbase and Kraken and removed them to the private wallets.” The researcher also notes that small investors continue to cash in on every spike, while the wealthy buy every wick.”

During this Monday dump, institutions and whales have bought more than 12,000 $BTC mostly on Coinbase and Kraken and removed them to the private wallets. Small investors keep selling every spike, the big boys buying every wick. That should tell you something.
— Dr Martin Hiesboeck (@MHiesboeck) April 1, 2024

BITCOIN, ALTCOINS, STABLECOINS FAQS

What is Bitcoin?

Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.

What are altcoins?
What are stablecoins?
What is Bitcoin Dominance?

Bitcoin price could bottom out soon

Bitcoin price dropped to sweep the March 27 low of $68,359 on Monday, a liquidity grab that could have set the pace for a move north. If the bulls play their hand right, BTC price could push north. The 100 and 200-day Simple Moving Averages (SMAs) provide support at $67,651 and $67,302. If bulls leverage these as buying opportunities, Bitcoin price could push north.
Increased buying pressure could send Bitcoin price to $73,500, which is the next major resistance before the $73,777 peak. Reclaiming this peak would provide a stronger bullish region between $74,000 and $75,000. 
BTC/USDT 4-hour chart
Conversely, if selling pressure extends for Bitcoin price to slip below $68,500, it would be a bearish sign for the short term. This could encourage more selling orders with BTC price likely spiraling to $63,500. This would be another chance for late BTC bulls to jump in before the halving.
Also Read: Ten tokens to watch as Bitcoin halving looms

Ethereum price could fall if BTC weakness prevails

Ethereum price is trading within the lower range of the market after a rejection from the 50% Fibonacci placeholder. With the Relative Strength Index (RSI) well below 50, and the dwindling Awesome Oscillator (AO) indicator, the market is leaning in favor of the downside.
If bearish sentiment extends in the BTC market, the mawkishness could extend into the ETH market, causing Ethereum price to drop toward the 78.6% Fibonacci retracement level of $3,353. In a dire case, the dump could see ETH test the bottom of the market range at $3,152 before a possible recovery.
ETH/USDT 4-hour chart
On the other hand, the RSI is ticking north to show growing bullish momentum. If the bulls are able to haul the RSI above 50, the narrative could change, with the ensuing buying pressure catapulting ETH to reclaim lost ground. A break and close above the 50% Fibonacci placeholder of $3,622 would be the first sign.
Also Read: Vitalik Buterin announces next step in simplifying Ethereum protocol, ushers in the Purge

Ripple price downtrend likely not over

Ripple price is holding above the ascending trendline, but this support could break as XRP bulls fail to show up. With the falling RSI and the AO in negative territory, bearish sentiment is prevailing. If selling pressure increases, XRP price could slip below the trendline to test the $0.5783 support.
This level provides significant support, seeing as it marks the confluence between the 100 and 200-day SMAs at $0.5810 and $0.5791. Failure of this buyer congestion level could see Ripple price fall to $0.5500.
XRP/USDT 1-day chart
On the other hand, increased buying pressure could see Ripple price shatter the $0.6685 roadblock. This would open the path for the altcoin’s market value to extend to $0.7000. In a highly bullish case, the gains could extend to the local top at $0.7500. This would constitute a climb of nearly 25% above current levels.
Also Read: XRP price directionless, Ripple ruling at risk of being thrown out as it faces rejection by two federal judges

Solana (SOL) and Binance Coin (BNB) Price Fluctuations Trigger Discussion, Furrever Token (FURR) Eyes Bullish Momentum

The crypto market remains a spectacle of volatility and opportunity, highlighted by the impressive performances of Solana (SOL), Binance Coin (BNB), and the burgeoning Furrever Token (FURR). Solana has demonstrated remarkable resilience, bouncing back from a minor slump to post a near 95% increase in its year-to-date (YTD) performance, amidst a volatile market. Binance Coin, fueled by the robust ecosystem of Binance, is on the brink of surpassing its all-time high, with a significant 45% increase over the last month. Meanwhile, the Furrever Token is captivating the investment community with its presale, promising returns up to 15X, bolstered by robust community support and strategic marketing efforts.

Solana’s Resilient March in a Volatile Crypto Market

In the ever-changing realm of cryptocurrencies, Solana (SOL) has recently witnessed a slight downturn, with its price now around $193, a decline of 3.7% from the previous day. Yet, this minor hiccup follows a phase of steadiness, during which SOL maintained a stable trajectory for about a week before catching an upward wind. In the last week alone, Solana has seen a 7% increase, signaling a revival of bullish enthusiasm among investors.

March was particularly rewarding for Solana, ending on a high note with a remarkable 54% boost in value, contributing to its impressive year-to-date (YTD) ascent of nearly 95%. This significant growth highlights the intense demand for the altcoin over the long haul.
Despite encountering various resistance points, Solana has proven its mettle by bouncing back. After hovering in a tight range from $51.30 to $77.60 over three weeks, SOL then soared by 66.20% in just the following five days, pushed by a bullish fervor. Even though it faced a hurdle at $107.77, SOL’s momentum remained unbroken.
The technical forecasts, including the Cross EMA 50/200-day and the Moving Average Convergence Divergence (MACD), lean towards a continued bullish trend for SOL. Should SOL break past the $200 resistance level, it may set its sights on a higher plateau at $250. On the flip side, a shift in momentum could lead SOL to seek support at $170, with a further drop possibly reaching $140, should the bearish trend gain strength.
Despite the occasional market jitters, Solana’s commendable performance and optimistic technical indicators suggest it is well-positioned for further growth, presenting a golden opportunity for investors to leverage its resilience in the face of market unpredictability.

BNB’s Bullish Momentum Continues

BNB, the flagship cryptocurrency of the renowned Binance exchange, has been exhibiting a strong bullish trend recently.

In the last month alone, BNB has seen an impressive surge of 45%, bringing it within 19% of surpassing its all-time high of $690, set on May 10, 2021. This indicates that the momentum for BNB is not only present but also likely to intensify in the coming weeks.
This trend highlights BNB’s significant role as a catalyst for innovation and growth within the Binance ecosystem, including the Binance Smart Chain and its integrated DeFi projects, emphasizing its potential for further expansion.

Furrever Token (FURR) Soars in Presale, Promising Up to 15X Gains with Current Price at $0.000396

Furrever Token (FURR) is making waves in its ongoing presale, thanks to several key factors that have piqued investor interest. Central to FURR’s appeal is its potential for substantial returns, promising investors the opportunity for up to 15X gains. This promise has naturally drawn a significant number of investors looking to leverage the potential for lucrative profits.

The remarkable success of FURR’s presale is also bolstered by robust community engagement and support. Having raised over $600,000 in less than a month, FURR has proven its capacity to attract significant investment, reflecting widespread excitement and belief in the project and its leadership.
Efficient marketing initiatives and strategic alliances have also been pivotal in stimulating interest in the presale. Through the utilization of social media, collaborations with influencers, and focused advertising efforts, FURR has successfully broadened its exposure and appeal within the cryptocurrency community, thus enhancing its momentum.
The trust and credibility established by FURR’s project team have further augmented investor confidence, contributing significantly to the presale’s dynamism. The team’s commitment to transparency, frequent updates, AMA sessions, and continuous dialogue with the community has cultivated a supportive and engaged investor base, propelling FURR’s presale achievements.
With its price at $0.000396, the success of Furrever Token’s presale is a testament to its enticing value proposition, active community involvement, strategic promotional efforts, and the project team’s integrity. As the presale progresses, FURR is well-positioned to continue on its upward trajectory and carve out a notable presence in the cryptocurrency market.

Wrapping Up

The trajectories of Solana, Binance Coin, and Furrever Token encapsulate the high-stakes, high-reward nature of the cryptocurrency market. Solana’s ability to navigate market turbulence, BNB’s continued dominance and growth within the Binance ecosystem, and Furrever Token’s presale success story showcase the varied opportunities available to investors in the digital asset space. These developments not only highlight the potential for significant returns but also underscore the importance of community engagement and innovative solutions in achieving success. As the crypto landscape evolves, these tokens offer a glimpse into the mechanisms of market resilience, investor sentiment, and the transformative potential of blockchain technology.

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