Global #cryptocurrency

Over the past few weeks, the price of Bitcoin has lost its upward momentum, raising doubts about the continuation of the cryptocurrency bull cycle. The leading cryptocurrency saw a flash crash on Friday, April 12, which saw its value plummeting from above $70,000 to around $67,000.

The quantity of tokens being transferred to the burn address has significantly increased, according Shibburn data.

A well-known cryptocurrency analyst, recognized for accurately forecasting the cryptocurrency market bottom during the 2018 bear market, has recently stated their belief that the price of the smart contract platform Solana ($SOL) will increase further.

Over the past 24 hours, cryptocurrencies Ripple (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) have all recorded slight gains in line with broader market movements, reflecting a blend of optimism and caution among traders.

Memes have made a significant comeback in the 2024 cryptocurrency market surge, with many of the well-known ones regaining their previous all-time highs (ATH) and some even setting new ones.

Certain cryptocurrency traders advise staying on the sidelines to evade being caught in a leverage-induced wipeout, asserting that they can make up for missed opportunities later.