• bitcoinBitcoin (BTC) $ 69,650.00
  • ethereumEthereum (ETH) $ 3,740.45
  • tetherTether (USDT) $ 0.999926
  • bnbBNB (BNB) $ 612.53
  • solanaSolana (SOL) $ 177.27
  • staked-etherLido Staked Ether (STETH) $ 3,739.52
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.539923
  • dogecoinDogecoin (DOGE) $ 0.166258
  • the-open-networkToncoin (TON) $ 6.37
  • cardanoCardano (ADA) $ 0.498693
  • avalanche-2Avalanche (AVAX) $ 40.83
  • shiba-inuShiba Inu (SHIB) $ 0.000025
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 69,853.00
  • tronTRON (TRX) $ 0.123454
  • polkadotPolkadot (DOT) $ 7.60
  • bitcoin-cashBitcoin Cash (BCH) $ 514.33
  • chainlinkChainlink (LINK) $ 16.74
  • nearNEAR Protocol (NEAR) $ 7.87
  • uniswapUniswap (UNI) $ 9.56
  • matic-networkPolygon (MATIC) $ 0.727230
  • litecoinLitecoin (LTC) $ 88.07
  • fetch-aiFetch.ai (FET) $ 2.49
  • internet-computerInternet Computer (ICP) $ 13.43
  • leo-tokenLEO Token (LEO) $ 5.93
  • daiDai (DAI) $ 0.999596
  • pepePepe (PEPE) $ 0.000013
  • ethereum-classicEthereum Classic (ETC) $ 31.24
  • wrapped-eethWrapped eETH (WEETH) $ 3,881.49
  • render-tokenRender (RNDR) $ 11.04
  • hedera-hashgraphHedera (HBAR) $ 0.115367
  • aptosAptos (APT) $ 9.24
  • immutable-xImmutable (IMX) $ 2.51
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,670.40
  • filecoinFilecoin (FIL) $ 6.22
  • cosmosCosmos Hub (ATOM) $ 8.82
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • mantleMantle (MNT) $ 1.04
  • crypto-com-chainCronos (CRO) $ 0.124722
  • stellarStellar (XLM) $ 0.112645
  • the-graphThe Graph (GRT) $ 0.339582
  • blockstackStacks (STX) $ 2.18
  • kaspaKaspa (KAS) $ 0.133113
  • arbitrumArbitrum (ARB) $ 1.18
  • okbOKB (OKB) $ 51.36
  • optimismOptimism (OP) $ 2.82
  • arweaveArweave (AR) $ 44.29
  • bittensorBittensor (TAO) $ 422.80
  • makerMaker (MKR) $ 3,095.41
  • dogwifcoindogwifhat (WIF) $ 2.72
  • suiSui (SUI) $ 1.13
  • vechainVeChain (VET) $ 0.036442
  • injective-protocolInjective (INJ) $ 27.86
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • theta-tokenTheta Network (THETA) $ 2.53
  • fantomFantom (FTM) $ 0.879672
  • moneroMonero (XMR) $ 135.23
  • thorchainTHORChain (RUNE) $ 6.73
  • flokiFLOKI (FLOKI) $ 0.000219
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,128.49
  • bonkBonk (BONK) $ 0.000031
  • lido-daoLido DAO (LDO) $ 2.23
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,859.59
  • galaGALA (GALA) $ 0.043202
  • celestiaCelestia (TIA) $ 9.64
  • sei-networkSei (SEI) $ 0.571491
  • pyth-networkPyth Network (PYTH) $ 0.453135
  • jupiter-exchange-solanaJupiter (JUP) $ 1.19
  • coredaoorgCore (CORE) $ 1.80
  • bitget-tokenBitget Token (BGB) $ 1.13
  • algorandAlgorand (ALGO) $ 0.188864
  • flowFlow (FLOW) $ 0.960658
  • whitebitWhiteBIT Coin (WBT) $ 10.02
  • aaveAave (AAVE) $ 96.54
  • quant-networkQuant (QNT) $ 97.67
  • starknetStarknet (STRK) $ 1.23
  • beam-2Beam (BEAM) $ 0.028268
  • bitcoin-svBitcoin SV (BSV) $ 69.48
  • ondo-financeOndo (ONDO) $ 0.937124
  • singularitynetSingularityNET (AGIX) $ 1.05
  • akash-networkAkash Network (AKT) $ 5.79
  • ethenaEthena (ENA) $ 0.873553
  • bittorrentBitTorrent (BTT) $ 0.000001
  • dydx-chaindYdX (DYDX) $ 2.13
  • tokenize-xchangeTokenize Xchange (TKX) $ 14.51
  • flare-networksFlare (FLR) $ 0.028396
  • cheeleeCheelee (CHEEL) $ 20.28
  • axie-infinityAxie Infinity (AXS) $ 7.91
  • neoNEO (NEO) $ 15.92
  • elrond-erd-2MultiversX (EGLD) $ 41.33
  • chilizChiliz (CHZ) $ 0.124667
  • worldcoin-wldWorldcoin (WLD) $ 5.01
  • msolMarinade Staked SOL (MSOL) $ 210.40
  • gatechain-tokenGate (GT) $ 8.17
  • the-sandboxThe Sandbox (SAND) $ 0.467978
  • wormholeWormhole (W) $ 0.572297
  • ecasheCash (XEC) $ 0.000052
  • eosEOS (EOS) $ 0.871943
  • roninRonin (RON) $ 3.08
  • jasmycoinJasmyCoin (JASMY) $ 0.020291
  • zebec-protocolZebec Protocol (ZBC) $ 0.019302
  • safeSafe (SAFE) $ 2.30
  • tezosTezos (XTZ) $ 0.995828
  • pendlePendle (PENDLE) $ 6.36
  • kucoin-sharesKuCoin (KCS) $ 10.09
  • conflux-tokenConflux (CFX) $ 0.239354
  • havvenSynthetix Network (SNX) $ 2.93
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,767.28
  • mina-protocolMina Protocol (MINA) $ 0.834253
  • aioz-networkAIOZ Network (AIOZ) $ 0.846142
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,705.85
  • ordinalsORDI (ORDI) $ 43.09
  • gnosisGnosis (GNO) $ 343.33
  • ribbon-financeRibbon Finance (RBN) $ 0.906371
  • decentralandDecentraland (MANA) $ 0.466928
  • book-of-memeBOOK OF MEME (BOME) $ 0.012331
  • apecoinApeCoin (APE) $ 1.31
  • lido-staked-solLido Staked SOL (STSOL) $ 209.84
  • heliumHelium (HNT) $ 4.90
  • nexoNEXO (NEXO) $ 1.44
  • echelon-primeEchelon Prime (PRIME) $ 19.55
  • iotaIOTA (IOTA) $ 0.232186
  • nervos-networkNervos Network (CKB) $ 0.017103
  • kavaKava (KAVA) $ 0.696272
  • frax-etherFrax Ether (FRXETH) $ 3,719.14
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.84
  • usddUSDD (USDD) $ 0.998710
  • theta-fuelTheta Fuel (TFUEL) $ 0.110170
  • klay-tokenKlaytn (KLAY) $ 0.188015
  • swethSwell Ethereum (SWETH) $ 3,937.53
  • dexeDeXe (DEXE) $ 12.09
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,996.49
  • livepeerLivepeer (LPT) $ 21.11
  • blurBlur (BLUR) $ 0.419491
  • ocean-protocolOcean Protocol (OCEAN) $ 1.05
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.48
  • bitcoin-goldBitcoin Gold (BTG) $ 38.46
  • axelarAxelar (AXL) $ 1.00
  • fraxFrax (FRAX) $ 0.998777
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000030
  • woo-networkWOO (WOO) $ 0.341231
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000110
  • oasis-networkOasis Network (ROSE) $ 0.092800
  • fasttokenFasttoken (FTN) $ 1.97
  • illuviumIlluvium (ILV) $ 94.13
  • mantra-daoMANTRA (OM) $ 0.736582
  • tether-goldTether Gold (XAUT) $ 2,423.19
  • dydxdYdX (ETHDYDX) $ 2.13
  • pepecoin-2PepeCoin (PEPECOIN) $ 5.13
  • curve-dao-tokenCurve DAO (CRV) $ 0.487408
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 4,058.27
  • notcoinNotcoin (NOT) $ 0.005735
  • osmosisOsmosis (OSMO) $ 0.885102
  • golemGolem (GLM) $ 0.562827
  • arkhamArkham (ARKM) $ 2.51
  • astarAstar (ASTR) $ 0.094790
  • xdce-crowd-saleXDC Network (XDC) $ 0.035994
  • aerodrome-financeAerodrome Finance (AERO) $ 1.19
  • wemix-tokenWEMIX (WEMIX) $ 1.48
  • enjincoinEnjin Coin (ENJ) $ 0.352684
  • true-usdTrueUSD (TUSD) $ 1.00
  • iotexIoTeX (IOTX) $ 0.053858
  • jito-governance-tokenJito (JTO) $ 4.17
  • memecoin-2Memecoin (MEME) $ 0.027247
  • superfarmSuperVerse (SUPER) $ 1.12
  • raydiumRaydium (RAY) $ 1.91
  • 1inch1inch (1INCH) $ 0.432226
  • 0x0x Protocol (ZRX) $ 0.575027
  • celoCelo (CELO) $ 0.905144
  • skaleSKALE (SKL) $ 0.094754
  • ether-fiEther.fi (ETHFI) $ 4.18
  • apenftAPENFT (NFT) $ 0.00000049
  • stader-ethxStader ETHx (ETHX) $ 3,842.57
  • dymensionDymension (DYM) $ 2.80
  • radixRadix (XRD) $ 0.045591
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.12
  • ankrAnkr Network (ANKR) $ 0.046493
  • stepnGMT (GMT) $ 0.229787
  • mx-tokenMX (MX) $ 4.64
  • altlayerAltLayer (ALT) $ 0.335132
  • zilliqaZilliqa (ZIL) $ 0.024710
  • polymeshPolymesh (POLYX) $ 0.431433
  • arcblockArcblock (ABT) $ 4.54
  • compound-ethercETH (CETH) $ 75.16
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008830
  • pax-goldPAX Gold (PAXG) $ 2,412.55
  • metis-tokenMetis (METIS) $ 78.30
  • based-brettBrett (BRETT) $ 0.051932
  • venomVenom (VENOM) $ 0.267397
  • ravencoinRavencoin (RVN) $ 0.031490
  • rocket-poolRocket Pool (RPL) $ 21.28
  • zetachainZetaChain (ZETA) $ 1.62
  • nosanaNosana (NOS) $ 5.16
  • holotokenHolo (HOT) $ 0.002404
  • compound-governance-tokenCompound (COMP) $ 62.10
  • siacoinSiacoin (SC) $ 0.007419
  • project-galaxyGalxe (GAL) $ 3.67
  • terra-luna-2Terra (LUNA) $ 0.606793
  • biconomyBiconomy (BICO) $ 0.532471
  • manta-networkManta Network (MANTA) $ 1.64

Bitcoin Down 20% From March But Glassnode Analysts Are Very Bullish: Here’s Why

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Bitcoin might have posted the deepest correction since the FTX crash in November 2022, dipping over 20% from its all-time high of around $74,000. However, Glassnode analysts, while sharing their preview on X, remain cautiously optimistic.

Bitcoin Drops 20% From March High, But Glassnode Is Bullish

Glassnode notes that the Bitcoin “macro uptrend still appears to be one of the more resilient in history” and that though corrections have been made, they are relatively shallow. With this position, the blockchain analytics platform confirms that the coin has improved with liquidity rising, reducing volatility.However, for bulls to find support and prices to rally, triggers would be from fundamental factors. Though price action structure might offer support, price catalysts are, as history shows, related to market events.

As Glassnode observes, the robust macro trend, bullish for Bitcoin, has tapered volatility, helping maintain the uptrend. The increasingly shallow corrections, as the blockchain analytics platform notes, point to a more mature market backed by more institutions.

Whales Accumulating As Institutions Eye BTC

Confidence remains high. On-chain data reveals that one whale has taken advantage of the relatively low prices and the correction to stack coins.

In the last week, the whale bought over 100 BTC, pushing the amount of coins bought this month to over 7,257 BTC. This aggressive accumulation suggests that the whale, even at the current multi-year high, Bitcoin could be undervalued.

Bitcoin Down 20% From March But Glassnode Analysts Are Very Bullish: Here’s Why

There could be more Bitcoin tailwinds incoming. For instance, this week, former United States president Donald Trump started accepting crypto donations in the ongoing campaign. This shift of stance has been bullish since Trump dismissed Bitcoin earlier.

While this happens, European regulators appear open to approving Bitcoin as an investable asset within Undertakings for Collective Investment in Transferable Securities (UCITS) funds. If this goes through, it could unlock more billions into Bitcoin from European institutions.

This move is massive, considering that banking giants like Morgan Stanley and BNP Paribas are already exploring ways for their clients to invest in BTC.

Related Reading: Bitcoin Short Term NUPL Value Turns Negative, What This Means For Price

From a macro level, therising M2 money supply in the United States amid concerns from the United States Federal Reserve that inflation is high might further buoy Bitcoin demand. BTC, like gold, is considered a safe haven, a hedge against inflation since its supply is designed to be deflationary.

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