Crypto lunch BTC price rises crypto too bull and bear

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

By now the US markets have closed again. So for us, the perfect time to take a look at the live Bitcoin price and the prices of the top 25 crypto. Next, we’ll look at updates on Cardano (ADA), Avalanche (AVAX) and a shocking NFT update.

We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.

Live bitcoin price and prices top 25 crypto rise fast

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

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

Crypto bulls appear to be chasing Cardano (ADA)

Several analysts are pointing to the possibility that Cardano (ADA) has seen the bottom and is facing a hefty breakout. We saw this earlier when several experts made a hefty prediction.

Now there are more indicators. For example, we see that the Cardano whales (owners who have more than 10 million Cardano in their wallets) are striking again. Analyses show that they have been buying up since last September’s price record (at $3.10), but are now acting faster and faster. You can see this in this chart with statistics.

Technical analyses also point to a bull breakout. You can see this in the video analysis below.

As we saw, according to some analyses, Cardano (ADA) is capable of achieving a price target of $1.60 in the upcoming rally. that would be a nice return when you look at the current Cardano (ADA) price.

Crypto price record for Avalanche (AVAX) in sight?

Another sharp price rise is in store for Avalanche (AVAX) according to technical analysis. Here we see that the currency is attempting to rise above the weekly trend line once again. While ze analysis is risky and therefore there is a relatively higher risk if you invest at this time there are a number of factors to keep an eye on.

For example, a price drop below $64.75 is a sign of capitulation and then it seems that the bottom of the price is not yet in sight. Indeed, the currency could then drop to $55, but indicators pointing to a price drop are not really there.

So the scenario of a breakout is definitely there if the price is above $64.75 in the short term. A 36% gain or even a new price record around $115 is then not excluded as you can see in this analysis. By the way, the video analysis mentioned there is from March 23. This is “old” by crypto standards, so while the patterns in the analysis are certainly relevant, we are a bit cautious.

So relative to the live Avalanche (AVAX) price, there is a hefty return ahead.

Painful loss of millions: NFT prices delusion of the day?

One investor who doesn’t have to hope for much return for now is the buyer of the NFT of Twitter boss Jack Dorsey’s first Tweet. Last year, crypto entrepreneur Sina Estavi paid $2.9 million for this piece of Internet history. Since then, the NFT market has grown briskly, so it seemed like a good time for the buyer to put his or her NFT back up for sale.

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

Of course, this leads to the question to what extent the NFT hype and associated record prices are rational. By the way, it is not cozy for Estavi anyway, because after he was arrested in Iran, unrest broke out among investors in his Bridge Oracle tokens (BRG), but he assures that these problems will be solved in 2 months. It is not to be hoped that he wanted to do this with the profits from his NFT.

Staying up to date on the latest stock price developments?

You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”