Crypto Weekly Market Analysis — Lbank Labs

LBank Labs
1 min readApr 10, 2024

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$BTC:

  • Trading volume decreasing.
  • 7-day liquidation zone: $70,953 — $68,851.
  • Price likely range-bound.
  • Healthy funding rates across exchanges.
  • Spot bidding surge could fuel BTC rally.

$ETH:

  • 0.05 resistance of ETH/BTC wanes.
  • Weak buying interest; ETH ecosystem lacks buzz.
  • Buzz around ETH ETF circulating; consider ETH allocation.

#Runes&Ordinals Update:

  • Runes’ BTC halving on watch lists.
  • Runestone’s price nearly doubled.
  • BTC narrative dominates; Ordinals listed on Coinbase, sees upward momentum.
  • Projects like $MUBI resurging.

$CKB:

  • Continues as a hot topic in BTC ecosystem.
  • Solid mid-to-long-term investment.

$BaseMEMEs Update:

  • Base TVL hits $4bn; memes halt downtrend, up 30%.
  • Real money influx or dead cat bounce? Uncertain.

$SOL:

  • Network congestion persists.
  • DEX meme growth slows, but $COST and $PUPS shine.
  • Price dropping because of congestion and testing Fibonacci retracement.

$BCH:

  • Halving drives price up.
  • If macro market stagnant, BCH likely range-bound.

NB: Not a financial Advice!

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