Bitcoin News

Price analysis 4/30: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH

0

The recent weakness in Bitcoin (BTC) price did not see any panic selling by investors, suggesting the sentiment in the crypto sector remains bullish. After Ether’s (ETH) strong run in the past few days, Bitcoin played catch up today as it reclaimed the $55,000 level. This suggests investors continue to accumulate on dips.

Gaming-focused venture capital fund Bitkraft Ventures, with more than $400 million in assets under management, has tied up with crypto research firm Delphi Digital to invest in crypto-assets and related projects.

The demand from institutions also seems to be picking up in Asia. To cater to this demand, Huobi Asset Management has launched four cryptocurrency-related tracker funds.

Daily cryptocurrency market performance. Source: Coin360

To provide institutional clients with digital assets data and analytics, Fidelity has announced the launch of Sherlock, a product similar to Bloomberg’s Terminal, that will offer both fundamental and technical analysis research for the fund managers.

Along with new entrants, the existing investors are also looking to add to their crypto holdings. MicroStrategy CEO Michael Saylor said in a press release on April 30 that the company “will continue to acquire and hold additional bitcoin as we seek to create additional value for shareholders.”

The resilience of Bitcoin and other major altcoins shows the markets have matured. Let’s analyze the charts of the top-10 cryptocurrencies to determine the direction of the next possible trending move.