Mooners and Shakers: Crypto market surges as Bitcoin cracks $47k and analysts target higher levels
Coinhead
Coinhead
“To the moon”. “Pamp it”. “LFG”… etc, etc. All the euphoric crypto-slang phrases are getting a run today, and with decent reason – Bitcoin and most major altcoins have been on something of a tear over the past 24 hours.
Urban Dictionary, by the way, has three different meanings for the word “pamp“. It can describe a pumping crypto, an “extreme pimp” and, um, a toilet-based dump. We’ll run with the first option.
PAMP IT #BTC pic.twitter.com/LyYPmLKN6t
— Евгений (@prisoner2028) March 28, 2022
#Bitcoin at $47k
LFG! 🚀— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) March 28, 2022
$BTC in mission to the moon.. 🚀Let’s hit his next target at $52000💎#BTC pic.twitter.com/TXQB2djG96
— The 100x Gems 💹🚀 (@The100xGems) March 28, 2022
With the overall crypto market cap at about US$2.24 trillion, up roughly 6.5% from this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.
It’s green city in the crypto majors right now. Bitcoin (BTC) and Ethereum (ETH) are getting it done on the back of various bits and pieces of positive news and strong narratives.
The big daily winners, however, are layer 1 blockchains Solana (SOL), Cardano (ADA) – actually up a whopping 40% over the past week thanks to its Coinbase staking news among other things, and Polkadot (DOT).
So, how’s the old Crypto Fear & Greed Index market-sentiment tracker going today? As suspected, it’s finally ticked back into green for Greed…
But not to kill the mood too much, the recently bearish trader “Roman” is still erring on the side of caution, at least until he sees some larger volume on the… “pamp”. Just something to keep in mind before you FOMO into every other dog coin going.
$BTC Daily
Don’t fomo. Every chart is overbought. Wait for a pullback to prior resistance and see if it can hold as new support. Around 45.8k.
Still questioning this volume.#bitcoin #cryptocurrency #cryptotrading #cryptonews pic.twitter.com/hH62CVT2tq
— Roman (@Roman_Trading) March 28, 2022
Rekt Capital, meanwhile, reckons Bitcoin has now made a solid return to a higher range – US$43,100 to $52k.
The recent #BTC Weekly Candle Close means that BTC has confirmed a return to the ~$43100-$52000 range (black-black)$BTC #Crypto #Bitcoin pic.twitter.com/CvkWDf3qZX
— Rekt Capital (@rektcapital) March 28, 2022
And here’s a chart possibly worth paying some attention to as well, posted by young American crypto analyst Will Clemente (see tweet below). It shows Bitcoin’s “moving average convergence divergence” (MACD) indicator.
WTF’s that then? Investopedia gives a good breakdown, but the TLDR is: it’s a momentum indicator that helps show whether an asset’s bullish or bearish movement in price is on a strengthening or weakening trend.
That green bar down the bottom right… the start of something?
Bitcoin weekly MACD flipping green👀 pic.twitter.com/lL8SBRrSy2
— Will Clemente (@WClementeIII) March 28, 2022
Sweeping a market-cap range of about US$25.2 billion to about US$1.17 billion in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time.
DAILY PUMPERS
• Filecoin (FIL), (mc: US$4.6 billion) +26%
• Waves (WAVES), (mc: US$3.7 billion) +18%
• Shiba Inu (SHIB), (mc: US$15.9 billion) +18%
• Gala (GALA), (mc: US$2.17 billion) +15%
• EOS (EOS), (mc: US$2.9 billion) +15%
DAILY SLUMPERS
• VeChain (VET), (market cap: US$4.96 billion) -6%
• Zilliqa (ZIL), (mc: US$1.5 billion) -4%
And that’s about it for the mildly dumpy action in this group of cryptos, at the time of writing.
Moving below the crypto unicorns (in some cases well below), here’s just a selection catching our eye…
DAILY PUMPERS
• Fractal (FCL), (market cap: US$16 million) +90%
• Cult DAO (CULT), (mc: US$16m) +88%
• FloorDAO (FLOOR), (mc: US$36.5m) +55%
• Hegic (HEGIC), (mc: US$41m) +50%
• Gnosis (GNO), (mc: US$971m) +48%
DAILY SLUMPERS
• StackOS (STACK), (market cap: US$34 million) -18%
• Universe.XYZ (XYZ), (mc: US$47m) -16%
• Maple (MPL), (mc: US$202.5m) -11%
• Olympus (OHM), (mc: US$538m) -7%
• MXC (MXC), (mc: US$250m) -6%
Terra bought another $130M Bitcoin today.
This brings their total #Bitcoin reserve acquisitions in the last 6 days to $0.9B
Only $9.1B to go pic.twitter.com/FmrCudZfAE
— Charles Edwards (@caprioleio) March 28, 2022
Hey @WarrenBuffett, do you still think bitcoin is rat poison squared?
Just checking in on the evolution of that statement now that inflation is at a 40+ year high..
— Tegan Kline (@theklineventure) March 28, 2022