AltSignals Blog

Bitcoin’s price slumped 2.7% to $105,000 in the past 24 hours due to decreased investor demand. The falling price triggered $210 million worth of long BTC liquidations. The bearish divergence from the RSI suggests a reduction in bullish momentum. There’s also concern about a possible slowdown in large investor acquisition. The upcoming US-China trade talks have also contributed to the drop in Bitcoin’s value. High outflows from spot Bitcoin ETFs suggest a shift in institutional investors’ interest, adding more pressure on the market.

Bitcoin profit-taking is contributing to the bullish market says research firm Santiment, as coins spend less time in wallets, indicating sustained market activity. Despite hodlers cashing in on their investments, the firm remains optimistic about the market outlook and the continued upside for Bitcoin. The analysis indicates that such behavior is beneficial for maintaining a healthy rally, and signals an active market phase not just driven by short-term speculation.

Cysic launches ComputeFi, a revolutionary platform utilizing tokenization to bring users access to high-end computing power. The model addresses the current affordability issue of powerful GPUs by tokenizing computing hardware such as GPUs, ZK chips, and mining rigs, enabling an accessible, affordable, and democratic computing power distribution. Key applications include cryptocurrency mining, rewarding users without requiring them to manage or operate the hardware directly.

Hyperliquids HYPE token shows a stunning performance with a nearly 60% rally, driven by BTC’s new all-time high and the CFTC commissioner’s positive views on perpetual futures trading. The surge has led to an all-time high in total value locked on its native Layer 1 blockchain. Learn more about the events driving HYPE’s rise and its impact on the crypto market.

Jupiter, a decentralized exchange aggregator on Solana blockchain, announced plans for a new lending protocol, Jupiter Lend, causing a 10% surge in the price of its native token, JUP. The forthcoming protocol, expected to debut this summer, promises high loan-to-value ratios, low liquidation penalties, and an innovative two-layer architecture. The news comes amid growing user demand for decentralized finance lending solutions.

“Explore how blockchain technology is revolutionizing life in Africa according to Kevin Imani, head of StarkWares Africa Venture Studio, as he discusses its uses in finance, energy, and connectivity. Learn about how young students and communities across the continent are using decentralized alternatives for financial transactions, harnessing surplus energy resources with Bitcoin, and creating decentralized WiFi hotspot networks, despite reservations from governmental bodies.”

Bitcoin’s price consolidates below its all-time high, indicating potential growth with whale accumulation, strong ETF inflows, and other factors. Large Bitcoin investors continue to accrue holdings, signaling increased confidence and bullish sentiment. The optimistic market trend is mirrored by the Crypto Fear & Greed Index and a hike in Open Interest for Bitcoin futures contracts.

XRP whales gear up for potential price rally, shifting substantial funds to Unilabs’ fast-growing presale. Ripple yet to release a major XRPL update with Unilabs positioning itself in the AI and DeFi field. The article also uncovers Unilabs’ token, UNIL, and its potential income prospects. All about XRP’s prospective surge, Unilabs’ innovative DeFi tools, and more on crypto market trends.

Zcash price jumps to $56.75, marking its highest level since January and a 125% increase from its lowest point this year. The rise is attributed to a spike in total shielded value in the Zcash network and an increased social dominance score. The surge in demand for privacy coins following the resolution of Tornado Cash’s legal issues also contributes to the rally. Technical analysis indicates a potentially continuing upward trend for Zcash.