Bitcoin and cryptocurrency prices are rising rapidly. ADA, AVAX & NFT update

The US markets are now closed again. So for us, it’s time to see the live Bitcoin price and the prices of the 25 best crypto. Then we take a look at updates on Cardano (ADA), Avalanche (AVAX) and a shocking NFT update.

Of course, we start with the live Bitcoin price and the prices of the 25 best crypto.

Live Bitcoin price and top 25 cryptocurrencies are rising fast

At the time of writing, the live Bitcoin price is trading at EUR 37,820.80 ($ 41,122). This is 3.50% higher than when the US markets closed last night and also significantly higher than during our Bitcoin lunch this afternoon.

The mood is also positive for the other cryptocurrencies 25 coins. With the exception of the stable coins, we only see Shiba Inu (SHIB) with -0.30% suffer a (small) loss. The biggest gain is for Bitcoin Cash (BCH), which is back in the top 25 thanks to a gain of 15.16%. On Tradeincrypto.com’s page you can analyze all the live crypto prices 24 hours a day.

Cryptotyre appears to be chasing Cardano (ADA)

Several analysts point to the possibility that Cardano (ADA) has seen the bottom and is facing a violent eruption. We saw this before when various experts made a fierce prediction.

Now there are more indicators. For example, we see the Cardano whales (owners who have more than 10 million Cardano in their wallets) strike again. Analysis shows that they have bought up since last September’s price record (at $ 3.10), but now are trading faster and faster. You can see this in this graph with statistics.

The technical analysis also points to a bull outbreak. You can see this in the video analysis below.

As we saw, Cardano (ADA) could possibly reach a price target of $ 1.60 in the upcoming rally, according to some analyzes. it would be a good return if you look at the current Cardano (ADA) price.

Cryptocurrency record for Avalanche (AVAX) in sight?

According to technical analysis, another sharp price increase is on the way for Avalanche (AVAX). Here we see the coin trying to break over the weekly trend line again. Although the analysis is risky and therefore there is also a relatively higher risk if you are investing at the moment, there are a number of factors to keep in mind.

For example, a price drop below $ 64.75 is a sign of capitulation, and it appears that the bottom of the price is not yet in sight. In fact, the coin may drop to $ 55, but there are no real indicators of a price drop.

So the scenario of an outbreak is definitely present if the price is above $ 64.75 in the short term. A profit of 36% or even a new price record around $ 115 is not excluded, as you can see in this analysis. The video analysis mentioned there is, by the way, from 23 March. This is “old” of cryptotherms, so although the patterns in the analysis are certainly relevant, we are a little cautious.

Compared to the live Avalanche (AVAX) price, there is therefore a handsome return ahead.

Painful loss of millions: NFT prices today’s delusion?

One investor who so far does not have to hope for much return is the buyer of the NFT of the first Tweet from Twitter boss Jack Dorsey. Last year, crypto-entrepreneur Sina Estavi paid $ 2.9 million for this piece of Internet history. Since then, the NFT market has grown significantly, so it seemed like a good time for the buyer to put his NFT up for sale again.

Last week, he launched an auction for it with an estimated price of $ 48 million. The auction was to last a week and today it was time to take stock. There were 7 bids in the last week, ranging from $ 6 to … $ 280.

This, of course, raises the question of how rational the NFT hype and associated record prices are. Incidentally, it is not pleasant for Estavi anyway, because after he was arrested in Iran, unrest arose among investors in his Bridge Oracle tokens (BRG), but he assures that these issues will be resolved in 2 months. It is not to be hoped that he wanted to do this with the profits from his NFT.

Do you want to stay informed about the latest price developments?

You can always follow the development yourself with our WANTED cryptanalyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live prices 24 hours a day if you want to stay informed in real time. Are you also interested in other investments besides crypto? Then our weekly price outlook on Monday morning could be a reading tip. †Note: We never provide financial advice, so you can not interpret our contribution that way. Always do your own research and make rational decisions about whether, when, in what and how much you want to invest. ”

Have you seen an error? Mail os. We are grateful to you.

Reply to the article:

Crypto update: Bitcoin and crypto prices are rising fast. ADA, AVAX & NFT update

Leave a Comment