Bitcoin
Bitcoin formed its first green candle on Friday after three consecutive days of decline, managing to stay above $68,000, giving the market hope for continued growth in the future.
After hitting a local bottom near $66,600, Bitcoin recorded a strong rise with five consecutive bullish candles on the hourly chart, which brought the price back above the $69,000 mark before retreating slightly to $68,600 today.
Altcoins continue to show mixed signals
Core (CORE), Uniswap (UNI) and Lido DAO (LDO) are the three best performing projects in the short term, all recording growth momentum of more than 10%.
Pendle (PENDLE), Algorand (ALGO), THORChain (RUNE), Immutable (IMX), Axie Infinity (AXS), Tezos (XTZ), Dogecoin (DOGE), Apecoin (APE), dYdX (DYDX), Beam (BEAM), Ondo (ONDO)… increased by 2-7%.
On the opposite side, Ethereum Classic (ETC), Arbitrum (ARB), Solana (SOL), Optimism (OP), Polygon (MATIC), Maker (MKR), Bittensor (TAO), Pepe (PEPE), Jupiter (JUP), Celestia (TIA), Bonk (BONK), Conflux (CFX), Akash Network (AKT)...all fell slightly by 2-5%.
Ethereum (ETH) recorded a red candle yesterday. After hitting a local peak of $3,949, the highest level since March 15, there are signs of a correction.
ETH has managed to hold above $3,800, but selling pressure has caused it to fall by more than 2% in the past 24 hours and is currently trading around the $3,720 mark.
(Personal opinion, not a recommendation)
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