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 Bitcoins euphoria phase cools but a BTC bottom could be near Glassnode

Bitcoins euphoria phase cools but a BTC bottom could be near Glassnode


Published: 2024-05-01


1. Bitcoin price analysis: The article discusses the recent cooling of Bitcoin's euphoric phase,indicating a potential bottom nearing based on data from Glassnode. Bitcoin's price movement and key support levels are analyzed,suggesting a possible turnaround in the near future.

2. Market sentiment: The market sentiment surrounding Bitcoin is highlighted in the article,with mentions of a shift from extreme optimism to caution among traders and investors. This shift in sentiment could have implications for the future price movement of Bitcoin.

3. Glassnode data insights: The article dives into the insights provided by Glassnode data,focusing on on-chain metrics and indicators that suggest a possible reversal or stabilization in Bitcoin's price. These data points are crucial for understanding the current state of the market and predicting potential future trends.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 70,990.00 4,476,998,884.61
2 ETH title=ETH 3,666.61 3,680,210,011.22
3 ARS title=ARS 1,131.80 2,349,194,414.80
4 SOL title=SOL 181.81 1,050,014,048.46
5 PEPE title=PEPE <0.01 661,258,271.55
6 DOGE title=DOGE 0.16 316,945,095.92
7 XRP title=XRP 0.54 274,529,210.11
8 BONK title=BONK <0.01 241,059,418.55
9 WIF title=WIF 2.83 225,584,060.81
10 GALA title=GALA 0.04 207,286,043.04
11 ENA title=ENA 0.83 170,008,863.91
12 BOME title=BOME 0.01 140,373,182.92
13 AVAX title=AVAX 40.31 139,517,046.91
14 NEAR title=NEAR 8.17 138,682,100.91
15 RUNE title=RUNE 6.95 130,879,140.00
16 FTM title=FTM 0.90 120,096,245.70
17 RNDR title=RNDR 11.08 113,737,820.86
18 ETHFI title=ETHFI 4.16 111,309,453.11
19 LINK title=LINK 16.91 108,404,565.84
20 FLOKI title=FLOKI <0.01 99,125,607.54
21 OP title=OP 2.82 98,604,176.99
22 LDO title=LDO 2.31 97,206,423.02
23 ETC title=ETC 31.56 93,768,155.21
24 WLD title=WLD 5.14 92,157,353.73
25 PENDLE title=PENDLE 6.21 89,528,168.65
26 ADA title=ADA 0.50 80,569,118.63
27 BCH title=BCH 519.90 79,527,906.36
28 ENS title=ENS 19.67 79,279,917.66

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Ethereum Name Service title=ENS 19.67 +35.28
2 Renzo title=REZ 0.14 +31.84
3 Metis title=METIS 77.67 +31.53
4 Lido DAO title=LDO 2.31 +31.42
5 Bounce title=AUCTION 17.43 +27.23
6 Ether.fi title=ETHFI 4.16 +25.98
7 Bonk title=BONK <0.01 +23.99
8 Blur title=BLUR 0.43 +20.81
9 Grok title=XAI 0.72 +20.66
10 Uniswap title=UNI 9.22 +18.65
11 CyberConnect title=CYBER 8.88 +18.36
12 Wrapped Beacon ETH title=WBETH 3,807.87 +18.23
13 Ethereum title=ETH 3,666.61 +18.16
14 Pepe title=PEPE <0.01 +17.83
15 Fusionist title=ACE 5.25 +17.17
16 Pendle title=PENDLE 6.21 +16.85
17 Bittensor title=TAO 434.80 +16.69
18 Manta Network title=MANTA 1.68 +16.63
19 SKALE title=SKL 0.08 +16.55
20 Sleepless AI title=AI 1.17 +15.69
21 BEAMX title=BEAMX 0.03 +15.58
22 Wrapped NXM title=WNXM 78.37 +15.17
23 Starknet title=STRK 1.24 +14.87
24 Loopring title=LRC 0.29 +14.71
25 Pyth Network title=PYTH 0.49 +14.70
26 Omni Network title=OMNI 15.74 +14.64
27 Harmony title=ONE 0.02 +14.38
28 WOO title=WOO 0.34 +14.36
29 Game title=GTC 1.32 +14.34
30 Sushi title=SUSHI 1.21 +14.23

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Arweave title=AR 45.49 -5.97
2 GALA title=GALA 0.04 -4.84
3 Jito title=JTO 4.30 -4.26
4 Ooki title=OOKI <0.01 -3.68
5 DeXe title=DEXE 12.22 -3.49
6 Atletico Madrid Fan Token title=ATM 2.97 -1.91
7 Reserve Rights title=RSR <0.01 -1.59
8 Lazio Fan Token title=LAZIO 2.73 -1.37
9 Polkastarter title=POLS 0.73 -1.02
10 TrueFi title=TRU 0.13 -0.92
11 High title=HIGH 4.43 -0.92
12 FIO Protocol title=FIO 0.03 -0.58
13 Raydium title=RAY 1.95 -0.39
14 Pax Dollar title=USDP 1.00 -0.06
15 PAX Gold title=PAXG 2,412.00 -0.04

Bitcoin's Greed and Fear Index.

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76
Extreme Greed

Global CryptoCurrency News

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(See more news ...)
at news date
1 Bitcoin price hits 70K as spot and BTC ETF buying surges 2024-05-21
2 SEC rumored to be reconsidering spot Ether ETF denial say analysts 2024-05-21
3 CPI report spurs 932M inflows into crypto investment funds 2024-05-21
4 Bipartisan bill for blockchain competitiveness passes US House 2024-05-21
5 Ex Florida congressman joins Coinbase Global Advisory Council 2024-05-21
6 Ether surges 18 amid new hope for spot Ether ETFs approvals 2024-05-21
7 Ethereum price soars on spot ETF rumor How are ETH options markets positioned 2024-05-21
8 Prometheum launches Ether custody service that treats ETH as a security Report 2024-05-21
9 Dark web market owner arrested in New York after FBI traces crypto 2024-05-21
10 House Democrats wont be forced to vote against two pro crypto bills 2024-05-21
11 Anti crypto FDIC chair Martin Gruenberg to step down best day ever 2024-05-21
12 Bitcoin ETFs are orange FOMO poker chips that siphon on chain funds back into TradFi 2024-05-20
13 Binance calls on small and medium projects to combat low float high FDV trend 2024-05-20
14 Real word asset tokens can stabilize DeFi Market observers 2024-05-20
15 Grayscale CEO Michael Sonnenshein steps down 2024-05-20
16 Kaamel Technology to lead investigation into XLink039s 10M breach 2024-05-20
17 How to create a memecoin on Solana 2024-05-20
18 The 2500 doco about FTX collapse on Amazon Prime with help from mom 2024-05-20
19 New York AG reaches 2B settlement with Genesis 039for defrauded victims 2024-05-20
20 White paper that birthed crypto ZK proofs receives IEEE Test of Time award 2024-05-20
21 Bitcoin bulls take charge as SOL AR GRT and FTM flash bullish signs 2024-05-20
22 Ripple publishes math profs warning public key cryptosystems should be replaced 2024-05-20
23 Crypto exchange Kraken has no plans to delist USDT in Europe for now 2024-05-20
24 Pumpfun exploiter claims he was arrested in UK and now on bail 2024-05-20
25 Spot Ether ETFs will come down to a 5 person vote Gensler the decider 2024-05-20
26 5 of 7 on chain indicators suggest the bull run is just beginning 2024-05-20
27 Microsoft faces multibillion dollar fine in EU over Bing AI 2024-05-19
28 Bitcoins 669K price holds strong casts doubts on a deep correction 2024-05-19
29 Phantom Wallet climbs Apple app store charts Bullish sign for Solana 2024-05-19
30 XRPL on chain transactions jump 108 in Q1 2024 2024-05-19
31 Venezuela bans crypto mining to protect power grid 2024-05-19
32 Bitcoin clings to 67K but analysis warns of 10 BTC price drop next 2024-05-19
33 Tornado Cash verdict has chilling implications for crypto industry 2024-05-19
34 OpenAI leadership responds to former employee safety allegations 2024-05-19
35 Microsoft faces multi billion dollar fine in EU over Bing AI 2024-05-19
36 Bitcoin039s 669K price holds strong casts doubts on a 039deep correction039 2024-05-19
37 Crypto personality pleads guilty to fraud after promising 60 fictitious returns 2024-05-18
38 Aussie admits to promoting BitConnect crypto services without a license 2024-05-18
39 If SEC approves spot Ether ETFs many will be caught severely offside 2024-05-18
40 Genesis Global secures court approval for 3B payout 2024-05-18
41 US authorities bust 73M crypto scam make two arrests 2024-05-18
42 AI safety researchers leave OpenAI over prioritization concerns 2024-05-18
43 What is the Ethereum ETH burn address 2024-05-18
44 LayerZero identifies over 800K addresses in sybil self reporting phase 2024-05-18
45 Godfather of AI advises UK government to start UBI 2024-05-18
46 US Treasury strategy would tighten virtual asset regulations increase AI use 2024-05-18
47 Tornado Cash founder sent to prison DeFis EU struggles Finance Redefined 2024-05-18
48 Ethereum price rallies above 31K after unexpected regulatory victory 2024-05-18
49 Blockchain gaming investments reached nearly 1B in April 2024-05-18
50 Crypto Biz Galaxy CoinShares Q1 results ETFs on the blockchain and more 2024-05-18

US news that has a significant impact on the market

at news day date time
1 Treasury Sec Yellen Speaks Tuesday 21-05-2024 09:00
2 FOMC Member Waller Speaks Tuesday 21-05-2024 14:00
3 FOMC Member Barkin Speaks Tuesday 21-05-2024 14:00
4 FOMC Member Williams Speaks Tuesday 21-05-2024 14:05
5 FOMC Member Bostic Speaks Tuesday 21-05-2024 14:10
6 FOMC Member Barr Speaks Tuesday 21-05-2024 16:45
7 FOMC Member Mester Speaks Wednesday 22-05-2024 00:00
8 Existing Home Sales Wednesday 22-05-2024 15:00
9 Crude Oil Inventories Wednesday 22-05-2024 15:30
10 FOMC Meeting Minutes Wednesday 22-05-2024 19:00
11 Unemployment Claims Thursday 23-05-2024 13:30
12 Flash Manufacturing PMI Thursday 23-05-2024 14:45
13 Flash Services PMI Thursday 23-05-2024 14:45
14 New Home Sales Thursday 23-05-2024 15:00
15 Natural Gas Storage Thursday 23-05-2024 15:30
16 FOMC Member Bostic Speaks Thursday 23-05-2024 20:00
17 Core Durable Goods Orders m/m Friday 24-05-2024 13:30
18 Durable Goods Orders m/m Friday 24-05-2024 13:30
19 FOMC Member Waller Speaks Friday 24-05-2024 14:35
20 Revised UoM Consumer Sentiment Friday 24-05-2024 15:00
21 Revised UoM Inflation Expectations Friday 24-05-2024 15:00

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