Contents Ethereum's farewell Solana remains suppressed Advertisement The Bitcoin roller coaster has taken another dive, breaking below the $60,000 mark and unsettling the market. This recent dip sees the cryptocurrency dipping its toes into the $58,000 territory, the least-expected move by the market. The fall through what many considered a solid support level at $60,000 is causing some panic.This unsettling movement could have been seen as a dark cloud, but there is a silver lining that has the crypto faithful watching the calendar: the Bitcoin halving. Slated for around April 20, this event is historically known for shaking up the market in unexpected ways. The halving could tighten supply and potentially swing the pendulum back in favor of higher prices. BTC/USDT Chart by TradingViewLooking at the charts with a magnifying glass, we can see that Bitcoin's next support test lies at $58,572, just a stone's throw from where it is currently. If it fails to hold this line, the descent might continue toward the $50,319 area, where the next safety net lies.But let's not write off Bitcoin just yet. If it can rally back and crack through the $60,000 ceiling again, it might just push back to its recent comfort zone. The first sign of recovery will be reclaiming ground above this critical level, with eyes then set on the $68,789 marker — a formidable resistance that could block the path to its previous highs.Ethereum's farewell Ethereum's slide below $3,000 is more than just a number — it is a signal. It tells us that the confidence that was pushing prices up is shaky. The drop has been steep enough to make even the staunchest supporters a bit nervous about what's coming next.RelatedBitcoin up 800% Since Last Halving, But Here's What Happened to Gold Holders: Anthony PomplianoWe have spotted some levels that could tell us where things might head. Right now, Ethereum is testing the waters below the $3,000 line. If it does not climb back up soon, the next floor might be around the $2,800 mark, a point that could offer some resistance to the fall.

An analyst who continues to build a following with timely altcoin calls says that one memecoin running on Solana (SOL) is flashing signs of bullish reversal.Pseudonymous analyst Bluntz tells his 255,700 followers on the social media platform X that dogwifhat (WIF) may have carved a local bottom when it hit a low of around $1.89 during the weekend.“$1.80 hit and wicked straight into the 0.618 on WIF.Promising reaction so far, hoping this is the low but will wait for an impulsive five-wave rise on low timeframes i.e. 30 minutes – one hour for confirmation.” Bluntz practices the Elliott Wave theory, which states that a bullish asset goes through an ABC corrective move before witnessing a new five-wave rally.Following up on his WIF analysis, Bluntz says the memecoin’s latest price action suggests that a move to the upside is in sight.“And there we have it, a nice five-wave rise from the lows and an ABC as well.WIF looking good here in my opinion, hats back on.”At time of writing, WIF is worth $2.64.Bluntz is also bullish on Ethereum (ETH) competitor Near (NEAR). According to the trader, NEAR is presenting opportunities for long-term holders following an over 50% correction in just one month.“NEAR has so much going for it right now.50% dip peak to trough, clear ABC down from the highs with five subwaves visible in the C wave and 4-hour RSI (relative strength index) extremely oversold at levels not seen since the literal bottom at $1.This will prove to be a great entry in time in my opinion.” At time of writing, NEAR is worth $5.46, up over 26% from its April low of $4.31.
#WIF #bitcoinhalving #folllowformore

Bitcoin’s price fell by $10,000, possibly influenced by potential US rate hikes and geopolitical tensions, but showed signs of recovery with an anticipated boost from the upcoming halving event.

Shiba Inu’s Shibarium network saw a significant increase in daily transactions, signaling growing activity and potential for future gains.
Despite a recent price drop, analysts remain optimistic about XRP, viewing it as a buying opportunity with expectations for an upward trend.

BTC’s Massive Plunge
The last few days were not quite positive for the primary cryptocurrency, whose price nosedived by approximately $10,000. Recall that BTC was worth more than $72K last week, while during the weekend, it crashed below the $63K mark.

BTC Price, Source: CoinGecko
The severe correction was possibly triggered by external events which affected traditional finance, too. For example, the US Federal Reserve hinted that a rate hike is still in the cards due to the stubborn inflation in the world’s biggest economy.

Additionally, Iran launched a massive barrage of over 300 drones and missiles at Israel over the weekend, increasing the tension in the region.

BTC’s price was negatively affected due to geopolitical concerns once again in 2022 when Russia invaded Ukraine. As Willy Woo reminded, though, the asset recovered all losses in mere days, raising hopes that we can witness the same ascent soon. It is worth mentioning that BTC is well in the green today (April 15), rising by 3% and crossing the $66,000 level.

The upcoming halving suggests a more substantial uptick could be just around the corner. The event, which occurs approximately every four years, is scheduled for the end of this week and will slash in half the rewards distributed to miners for validating blocks on the Bitcoin blockchain.

Historically, the halving has been a precursor of a huge resurgence of the entire cryptocurrency market.

Bitcoin (BTC) price plummeted over 8.4% on April 13 after Iran launched an attack on Israel, escalating geopolitical conflicts in the Middle East. 

The cryptocurrency price dropped from around $67,000 to $61,625, wiping out over $130 million in market capitalization within minutes following the attack.

The sell-off is also affecting other cryptocurrencies. At the time of writing, Ether (ETH) was down 9.81% to $2,927, while Solana (SOL) sank 15.96% to $129. According to CoinMarketCap data, the global crypto market capitalization declined 8.19% to $2.23 trillion.Aside from the airstrikes, Iranian authorities have reportedly seized a cargo ship owned by a billionaire Israeli.

United States president Joe Biden warned on April 12 that Iran would launch attacks “sooner than later,” highlighting the United States would help defend Israel:

“We are devoted to the defense of Israel. We will support Israel, we will help defend Israel, and Iran will not succeed.”

The conflict between Iran and Israel significantly escalates tensions in the region, something the U.S. has been reportedly trying to prevent since October’s Israel-Hamas conflict.

U.S. officials have been urging Israel not to escalate tensions in their responses to Iran, a government source told CNN. The officials also expressed frustration with the lack of prior information Israel provided regarding its airstrike in Damascus. Israel only informed a U.S. official when its planes were already en route to Syria, sources said.

“We were not aware that Israel was going to carry out this airstrike in advance,” the official stated. “Minutes before it happened and when Israeli planes were already in the air, Israel reached out to a U.S. official to say they were in the process of conducting a strike in Syria. It did not include any details on who they were targeting or where it would be conducted, and the strike was already underway before word could be passed through the U.S. government.”