Bitcoin Surges Above $72.6K Amid Halving Anticipation

Bitcoin’s price witnessed a significant surge in the early hours of the week, surpassing the $72.6K mark for the first time since March 14th. This surge brings the leading cryptocurrency tantalizingly close to its previous all-time high, with the crowd attributing much of this rise to the imminent halving event. With the highly anticipated halving now just 11 days away, market participants are closely monitoring Bitcoin’s price action, expecting further challenges to this key level throughout the week.  However, amidst the excitement surrounding the halving, there are signs of caution as some traders on platforms like Telegram and X are

The post Bitcoin Surges Above $72.6K Amid Halving Anticipation appeared first on The Merkle News.

Go to Source

Ethena Token $ENA Surges Past $1 Mark, Whales Show Increased Accumulation

In the past 24 hours, the price of Ethena ($ENA) has experienced a significant surge, surpassing the $1 milestone and climbing over 11% to reach an all-time high of $1.341. Recent on-chain reports suggest a growing trend of whale accumulation of the token, indicating heightened investor interest. Whale 0x4f6 made headlines by withdrawing a substantial amount of 2.65 million $ENA, valued at $2.98 million, from Bybit at an approximate price of $1.13 over the past weekend.  The $ENA price has risen above $1 again in the last 24 hours! Whale 0x4f6 withdrew 2.65M $ENA ($2.98M) from #Bybit at ~$1.13 in

The post Ethena Token $ENA Surges Past $1 Mark, Whales Show Increased Accumulation appeared first on The Merkle News.

Go to Source

OKX Adds Zeus Network Token ZEUS To Its Trading Pairs

OKX, a leading centralized trading platform, has announced the listing of the Zeus Network token ZEUS, marking the inaugural project of the Jupiter LFG Launchpad. This move opens up the ZEUS/USDT trading pair, providing traders with an opportunity to engage with this exciting new token. The Zeus Network is a groundbreaking permissionless layer that seamlessly integrates the Solana and Bitcoin blockchains, offering users unparalleled flexibility and functionality. Recent on-chain data from Lookonchain has revealed the remarkable success of two traders who managed to capitalize on the ZEUS token within just one hour. GJ8KyJ and 4BVu5p made substantial profits exceeding $2

The post OKX Adds Zeus Network Token ZEUS To Its Trading Pairs appeared first on The Merkle News.

Go to Source

Pendle Sees 9% Price Surge As Market Interest Skyrockets

Pendle, the cryptocurrency facilitating future yield tokenization and trading, has captured significant attention in the market as its price surged by 9% at press time. This uptick in price reflects the growing interest and confidence in Pendle’s potential within the cryptocurrency space. Data from DefiLlama reveals an impressive trajectory for Pendle’s Total Value Locked (TVL), which has skyrocketed from $240 million at the beginning of the year to nearly $4 billion in April, currently standing at $3.96 billion. This remarkable expansion underscores Pendle’s growing prominence in the decentralized finance (DeFi) landscape. Pendle’s success is closely intertwined with Ethereum’s restaking phenomenon,

The post Pendle Sees 9% Price Surge As Market Interest Skyrockets appeared first on The Merkle News.

Go to Source

DYDX Token Experiences Bearish Trend Amidst Whale Activity And More Insights To Monitor

The native token of the dydx chain, $DYDX, has encountered a notable bearish trend over the past month, with losses amounting to 19% in the last 30 days and a further 11% decline over the past week.  Recent reports shed light on significant whale activity surrounding $DYDX, particularly involving the renowned Amber Group. An eye-catching transaction occurred as Amber Group transferred a substantial 330,000 $DYDX to the address 0x4E4…4Df6e.  Subsequently, all tokens were promptly recharged into Binance, boasting a value of $1 million. 20 分钟前,Amber Group 向地址 0x4E4…4Df6e 转移了 33 万枚 $DYDX ,随后全部充值进 #Binance,价值 100 万美金 有意思的是,Ai 姨在 @mest_io 中搜索接收地址时,发现它曾参与了

The post DYDX Token Experiences Bearish Trend Amidst Whale Activity And More Insights To Monitor appeared first on The Merkle News.

Go to Source

Options Market Sees Unusual Activity Amidst Bitcoin’s Decline

As Bitcoin prices continued to slide, the options market presented a peculiar scenario with a notable absence of put options being traded.  According to data from Greekslive, the majority of trades yesterday were calls, indicating a bullish sentiment prevailing in the market. The situation was particularly striking in the Ethereum options market, where call option trades constituted a staggering 90% of the total trades—a level of extreme share rarely witnessed.  Bitcoin continues to fall, driving the crypto market down significantly, with panic spreading across the market and futures premium levels falling.However, in the options market, few puts were traded, and

The post Options Market Sees Unusual Activity Amidst Bitcoin’s Decline appeared first on The Merkle News.

Go to Source

LTC Shows Resilience Amidst Bearish Crypto Market Sentiment

Despite the prevailing bearish sentiment across the cryptocurrency market, Litecoin (LTC) has emerged as a standout performer, surging by 8.9% in the past 24 hours. This impressive rally has propelled LTC ahead of its altcoin counterparts, fueled by a notable increase in transaction volume observed over the past month. ⚡️📈 #Litecoin (+8.9%) is well ahead of the #altcoin pack in the past 24 hours, powered by significantly higher transaction volume than usual throughout the past month. More importantly, the average of $LTC investments is getting younger, indicating whales are moving more coins… pic.twitter.com/YUBTqi3mXu — Santiment (@santimentfeed) April 2, 2024 A

The post LTC Shows Resilience Amidst Bearish Crypto Market Sentiment appeared first on The Merkle News.

Go to Source

W Token’s Rollercoaster Day: From $1.25 Low to $1.66 All-Time High

W Token's Rollercoaster Day: From $1.25 Low to $1.66 All-Time HighFollowing Ethena’s ENA airdrop, the community has shifted its focus on Wormhole’s airdrop W, which has been listed on various centralized exchange platforms and coin market cap aggregators. The new token known as W has seen an extremely volatile day with the price tapping an all-time high at $1.66 per coin. Wormhole’s New Airdrop W […]

Go to Source

Crypto Market Faces Retracement As Bitcoin Dips To $66.4K

The cryptocurrency market has witnessed a notable retracement as Bitcoin dropped to $66.4K, leading to further declines in altcoin market caps.  Despite this concerning trend, there remains a strong sense of confidence among investors, with many anticipating a swift rebound. 📉 #Bitcoin has seen a drop to $66.4K, and #altcoins have shed much more of their market caps as prices have continued their concerning retracement to kick off April. However, the crowd is staying quite strong and showing confidence toward the prospects of a quick rebound. The… pic.twitter.com/tbGmtmTNIb — Santiment (@santimentfeed) April 2, 2024 Analysis of online discourse reveals an

The post Crypto Market Faces Retracement As Bitcoin Dips To $66.4K appeared first on The Merkle News.

Go to Source

Arbitrum ARB Faces Declining Prices Amidst Concerns Over Upcoming Token Unlock

Investors are closely monitoring the trajectory of Arbitrum (ARB) as its price continues to decline across all timeframes, experiencing a further 7% drop in the past 24 hours.  The looming unlock event scheduled for April 16, where approximately 92.65 million ARB tokens are set to be distributed to advisors, team members, and investors, has sparked significant apprehension within the cryptocurrency community. 五分钟前,Amber Group 再次向 #Coinbase 充值 100 万枚 $ARB ,价值 149 万美金 https://t.co/1OjZW3KxKb 目前该地址仍剩余 482 万枚 ARB,价值 719 万美金;2024 年 Amber 已累计向交易所充值 954 万枚 ARB,总价值 1,778 万美金;近七天 ARB 已下跌 13.8%,现价 $1.50 本条推特由 #Bitget 赞助 https://t.co/rVivOpv2NI pic.twitter.com/6nxC2CKUhJ — Ai 姨 (@ai_9684xtpa)

The post Arbitrum ARB Faces Declining Prices Amidst Concerns Over Upcoming Token Unlock appeared first on The Merkle News.

Go to Source