As bulls and bears battle for dominance in the cryptocurrency sector, especially the Bitcoin (BTC) market, renowned crypto analyst PlanB shares his price predictions.
The average price of bitcoin during the 2020-2024 halving cycle was $34,000, slightly below the 2019 forecast of $55,000, PlanB wrote.

Solana $154.25 finally broke the $150 resistance level, setting the stage for a continuation of the rally. This milestone is important because the resistance level that the coin crossed was considered a barrier between a bull and a bear market.
However, despite the breakthrough, there is a noticeable decrease in the trading volume of the crypto asset. This, according to industry experts, could potentially indicate a lack of confidence in the correctness of the movement, which calls into question the sustainability of the SOL price above the indicated level. If trading volume does not increase, this may indicate that the break above $150 may not hold. In turn, such a scenario will lead to a price correction.

On April 20, the crypto community celebrates the day of the meme cryptocurrency Dogecoin (DOGE).

Participants post memes with a Shiba Inu dog. The main supporter of meme-cryptocurrency - billionaire Elon Musk - has not commented on the holiday at the time of writing. Dogecoin co-founder Billy Marcus is also silent.

If the price of the first cryptocurrency falls below the level of support for short-term holders at $58,900, the market risks entering a bearish phase, analyst and co-founder Willy Wu said.

According to him, the sell-off in accumulated volume delta (CVD), which measures market orders (instantaneous buys/sells), has reached its peak, so the "up" phase is coming.

As you know, the Hong Kong regulator approved 5 applications for the launch of ETF instruments for the two largest cryptocurrencies at once. China Asset Management, HashKey Capital Limited, Bosera Capital and Harvest Global Investment will now be able to sell shares in funds for both BTC and ETH.
Experts believe that such a decision can become a certain springboard for the price of Bitcoin. As, for example, it was in January, when the first spot funds were opened in the US.

A trader with the nickname - Crypto Nerd opened a long position on the asset PEPE for 1 million USDT.
On the night of April 12-13, he lost all his funds due to a 19% decline in assets.
A social network user X (formerly Twitter) with the nickname Crypto Nerd has claimed that he has lost all of his crypto savings. This was due to a spike in volatility in the digital asset market on the night of April 12-13, 2024.

Well, yesterday evening, April 12, the price of the first cryptocurrency fell to $65,000. Today, April 13, digital gold recovered to above $67,000.

After Bitcoin, other digital assets crashed. Among the top 10 cryptocurrencies by capitalization, Dogecoin (-13.7%), Solana (12.6%) and XRP (-11.5%) lost more than others during the day.

In recent months, the Terra Classic (LUNC) cryptocurrency has faced significant upheavals, causing it to enter a downtrend.
LUNC currently trails 81% of the top 100 cryptocurrencies and is trading below the digital asset's 200-day moving average. Regulatory complexities and legal battles surrounding Do Kwon cloud LUNC's short-term prospects.

The most anticipated event for the crypto industry in April 2024 will be the halving of Bitcoin. So far, the procedure for reducing the reward to miners has undergone a hard fork - Bitcoin Cash. How did it affect the market and prices?

Bitcoin
Bitcoin decreased in price by 2.74% from March 29 to April 5, 2024. If at the beginning of Sunday the first cryptocurrency still tried to stay above $71,500, then in the second half BTC rose to $64,500, which became the minimum for the last ten days.

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With the beginning of the bullish mood in the cryptocurrency market, many investors began to look for more promising and more profitable coins. Some tokens have already started to show incredible growth rates in 2024. Well, let's start.

On April 4, the Bitcoin Cash network halved.
Miners' reward for each mined block has been reduced to 3.125 BCH.
The price of the asset fell immediately after the event, but after that the trend turned uphill.
After the halving, the network processed 23 blocks.
According to Blockchain, the Bitcoin Cash network halved on the night of April 4, 2024.

In March, Bitcoin miners reached an unprecedented $2.01 billion in revenue through block mining rewards and BTC transfer fees.
Record of miners:
The previous record was $1.74 billion in May 2021. In March 2024, $2 billion was earned, of which:
about $85 million came from transaction fees;

Cryptocurrency SOL is getting closer to its all-time high of $260. The coin started its ascent along with the general cryptocurrency market and rose by 10% in a week and 72% in a month.
However, trader Professor Astrones believes that SOL will surpass its previous record at least twice this year and rise to $750. For 2025, the expert puts forward an even more positive forecast, assuming that the value of Solana will rise to $1,000.