Bitcoin Whales Move 42616 BTC As Leading Crypto Tests $5000 – BTC, Ethereum, XRP, Litecoin Forecast – The Daily Hodl



 

Crypto whale watchers are tracking a pair of huge Bitcoin transactions that moved a total of 20,378 BTC worth about $102.5 million.

Both transactions happened between unknown wallets and do not appear to be traders gearing up to sell.

The movements are part of a larger Bitcoin whale migration happening as the markets move into the red.

In the last 24 hours, whales moved a total of 42,616 BTC worth about $215 million, at time of writing. The vast majority of the BTC was moved off of crypto exchanges to unknown wallets, or from one crypto exchange to another.

Right now, the crypto market is a sea of red. Bitcoin is down 4.86% at $5,036. Ethereum is down 8.61% at $164.77, and XRP is down 8.13% at $0.3285.

Source: Coin360

Technical analysts say the market downturn is putting projections of a near-term BTC price rise to $5,800 on ice. According to CoinDesk analyst Daniel Paomer, the drop may have “thrown a spanner into a bullish market setup that had looked likely to propel prices to highs not seen since late last year.”

Bitcoin

CoinDeskBitcoin drops back to $5K price support after failed breakout

FXStreetBTC/USD comes down tumbling after the rejection at $5,400

BlockonomiCorrective decrease but bulls in control

Ethereum

Crypto Briefing ETH/USD has seen a correction, but it still has strong support

FXStreetETH/USD critical trend line must hold or face $100 again

XRP

FXStreetXRP/USD heading back for $0.3000

CryptoPotatoXRP plummets following bitcoin’s sentiment

Litecoin

NewsBTC Cool off, Litecoin may drop to $60 before rallying to $110

FXStreet Litecoin bulls appear to have found bearing at $77.00

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Previous Bitcoin Price Analysis April.11: False Breakout Led BTC $400 Down. Could It Stay Bullish? (Updated) - CryptoPotato
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