Crypto Weekly Market Analysis — Lbank Labs
1 min readApr 10, 2024
$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!