The global crypto market is experiencing a divide as certain parts such as XRP is seeing an upward trend while the other part such as Bitcoin (BTC) is witnessing a downward trend.However, Analysts predict that the current downward trend will not last long.BTC recorded bullish achievements over the past few days and it might be the early stages of a Bitcoin Bull Market.
Expect Bullish Moves From Bitcoin Soon
Bitcoin (BTC) derivatives trading volume has risen faster than the spot trading volume.BTC’s 7-day average spot trading volume has only spiked by $24 Billion which is much lower than the derivatives volume that witnessed BTC trading volume to be nearing $1 trillion on various exchanges.This is the highest ever in Bitcoin’s history and is attributed to the US bank crisis that may have led traditional bankers to see the “original” digital currency as a valuable alternative.
The weeks that went by noticed Bitcoin’s open interest surged to around $12.14 billion, implying that institutional investors are engaging in the BTC market.This is one sure shot-sign of an approaching bull market.Over the past week, BTC had fallen from a high of $28,783 to a low of $27,000.This came after the news of the interest rate spike by Jerome Powell, chairman, the Federal Reserve.
At the time of writing, Bitcoin is trading at $28,343.Recent gains have put BTC above a macro downtrend confirming a new bull market.
Ethereum Rises As Shanghai Upgrade Date Confirmed
While SEC views Ethereum (ETH) as a security, US CFTC Chief Rostin Behnam reiterated that he sees Ether as a commodity.In the CFTC action, it says that Binance was illegally trading commodities like Bitcoin, Ether, Litecoin, Tether and BUSD.While this resulted in an overall downtrend, Ethereum prices surged about 5.34% over the past 24 hours, reaching $1811 at the time of writing.
Ethereum’s gains can be attributed to the confirmation of the date of the Shanghai Upgrade.
The protocol support team announced on March 28 that the hard fork will happen on April 12.Shapella (the new name for the Shanghai Upgrade) will allow phased staking withdrawals, a big move for the validators.
Big Eyes Coin Set For The Moon
Big Eyes Coin (BIG) is a new meme coin built on the Ethereum blockchain.It uses ERC-20 standard for its cryptocurrency exchanges.It is a community token which aims at shifting wealth into the DeFi ecosystem.
Still in stage 12 of its presale, it has raised a colossal sum of $32.53 million.
The platform announced that it might end the ICO soon as it is ready for launch.While the investors who bought $BIG at stage 1 enjoy 390% ROI currently, it might spike to 900% at the launch.
Buying this new meme coin before the launch can lead investors to huge profits.
Being a community token, Big Eyes Coin (BIG) keeps the kitty cuddlers at the centre of attention.Ever since the beginning of the ICO, it has been rewarding the community with Promotional Codes, Bonuses, Loot boxes that have made the investors earn multifold.
The meme coin looks forward to the launch, but before that, it gives its user a final bonus bonanza.
The latest promo code BULLSRUN250 gives 250% extra BIG tokens at the purchase.
This is the final call to hop on the Big Eyes Coin (BIG) Rocket as it is soon going to leave for the moon.
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