Meanwhile, the US markets have closed again. We take a look at the live Bitcoin price and the prices of the top 25 crypto. Then we share updates on Bitcoin, Ethereum (ETH), Ripple (XRP) and Terra (LUNA).
As usual, we start with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto drops
At the time of writing, the live Bitcoin price is EUR 39,202.73 ($43,307.16). This is 1.55% lower than during our crypto update last night.
The prices of the top 25 crypto are also mostly negative. There are a few exceptions. The biggest gain today so far is for BinanceCoin (BNB) with + 1.66%. The biggest loss is for Terra (LUNA), which is losing 6.28%. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day.
Bitcoin update: crypto bears do their best to push down the price
Tomorrow at 10 am Dutch time the weekly options for Bitcoin expire. Looking at the expected results, the bears have every interest in keeping the price below $45,000 until expiration. The situation is as follows, depending on the price at the time of expiration:
Bitcoin price between $42,000 and $44,000: 250 calls vs. 3,650 puts. The net result is then $145 million for the bears.
BTC price between $44,000.00 and $45,000.00: 550 calls vs. 2,800 puts. The net result is then $ 100 million for the bears.
Bitcoin price between $45,000.00 and $46,000.00: 700 calls vs. 2,150 puts. The net result is then $60 million for the bears.
Price BTC between $46,000.00 and $47,000.00: 1,800 calls vs. 1,500 puts. The net result is then balanced for the call (buy) and put (sell) options.
Of course, you can also take a look at the options market yourself. Our colleagues at Tradeincrypto.com are happy to provide an introduction to Huobi, where you can follow the live price at the time of expiration.
For the rest of today’s Bitcoin news, you can of course read our BTC update from this afternoon.
Ethereum (ETH): volume of this crypto is rising, but price is falling. What does that mean?
The on-chain volume of Ethereum (ETH) increased from 17.19 billion to 24.25 billion in the period between March 16 and April 17. This while the price, partly due to Bitcoin’s price drop, fell 12%.
According to analysts, these indicators point to a time to buy the dip for Ethereum (ETH). This is happening, as more and more Ether is disappearing from exchanges to private wallets. Consequently, the stock of ETH on exchanges has been shrinking by more than 6% since March 1.
With this, the bulls are laying a strong foundation under Ethereum (ETH) making a further wave of selling unlikely and creating room for a new bull rally. The live Ethereum (ETH) price is $3,218.11. This is down 0.11% from yesterday.
Crypto insiders take a very long view of Ripple (XRP) price
In the crypto community, price forecasting is the most popular and perhaps the most important hobby. Most predictions are about the short term up to one year and a few sometimes venture into a 10-year prediction.
Now, however, analysts have crawled deep into their crystal ball. They are looking at the price expectation for the Ripple (XRP) between 2030 and 2050. Two analysts come up with 2 different expectations. Price Prediction’s analysts expect the Ripple (XRP) to yield a maximum of $1.22 in 2022, after which it would be worth $3.67 in 2025. In 2030, the maximum price would then be $24.16 and the maximum Ripple (XRP) price for 2031 would be $36.80.
Analysts at Digital Coin expect the maximum value to reach $1.69 in 2025 and a maximum of $3.68 in 2030.
The same analysts expect a hefty price drop in the near term. The live Ripple (XRP) price is $0.782 (0.66% higher than yesterday), but they expect it to be only $0.68 on April 11. Of course, all of these predictions are also guaranteed until the proverbial front door. So it is always important to do your own research.
Terra (LUNA) makes surprising purchase, market not happy
Finally, we dwell on a striking development at Terra (LUNA). There they have recently launched a much discussed BTC buyback program as a guarantee for their stable coin.
The surprise was therefore great when Terra (LUNA) today bought Avalanche (AVAX) for no less than $ 100 million instead of BTC to strengthen their stable coin value.
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1/ Thrilled to reveal the blossoming collaboration between @avalancheavax and Terra will also be further solidified with a $100 million Treasury Swap between TFL and the Avalanche Foundation of $LUNA <> $AVAX to strategically align ecosystem incentives!https://t.co/z9A86CWZDs
– Terra (UST) Powered by LUNA (@terra_money) April 7, 2022
As we saw, the market is not responding enthusiastically. Indeed, the current Terra (LUNA) price is $101.98 and that is a whopping 5.39% lower than yesterday. Investors in Avalanche (AVAX) also do not seem to be getting excited about this positive news. We can see this from a flat price movement. Indeed, the live Avalanche (AVAX) price is at $87.01 ‘only’ 2.11% higher than yesterday.
We will of course continue to follow developments and we hope you will join us.
Want to stay 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.”