Get Smarter About Crypto

₿itcoin reached $70,550. +0.85%

♢Ethereum reached $3,625. +2.72%

What we will talk about today...

🚀 Why is Ether (ETH) price up today? 📈

⛏️ Simplified Guide to Bitcoin Halving ⏳

🚨 Kiyosaki’s Advice: Choose Bitcoin Over Dollar! 💰

Why is Ether (ETH) price up today?

Ether (ETH), Ethereum’s cryptocurrency, has seen a 3.5% increase today, reaching over $3,630. This is an 18.75% rise from its recent low of about $3,050. Here are the key reasons for this rise:

💹 Market Performance and Capital Shift 🔄 

Ether’s strong performance against the U.S. dollar and Bitcoin is attracting investors. The ETH/BTC pair has risen about 2.5% today, hinting at a possible shift of capital to Ethereum. Also, Ethereum’s dominance index (ETH.D) has grown by 2.16% since its recent low on March 29, showing more capital moving into Ether from other altcoins.

🐋 Ethereum Whales are Back 🐳 

Ethereum whales, or entities holding between 1,000 and 10,000 ETH, have been buying more Ether. Their reserves have grown by about 1.15% in March. This buying pattern among large investors often comes before significant price increases, adding to Ether’s current upward trend.

📈 Increase in Funding Rates and Open Interest 🔥 

The price rise today aligns with a sharp rise in Ether’s funding rates in the perpetual contracts market, indicating growing demand and price appreciation expectations. Even with open interest around $14 billion stabilizing, traders are borrowing more to finance their long positions, expecting more Ether price increases.

📊 Technical Analysis: Rebound and Targets 🎯 

Ether’s price bounced back after testing the lower trendline of a rising wedge pattern, finding support near the 0.236 Fibonacci retracement level around $3,485. If the rising wedge pattern continues, Ether’s price target for April could be around $3,280. But, a breakout above the wedge’s upper trendline could push ETH’s price above $4,000 by the end of April.

🌐 Ethereum’s Bullish Momentum Continues 🚀 

The price surge of Ether, driven by capital shift, whale accumulation, rising funding rates, and technical rebound, highlights growing investor confidence in Ethereum. With positive market dynamics and growing institutional interest, Ethereum is set for more gains in the near future.

Simplified Guide to Bitcoin Halving

The next Bitcoin halving is nearing, with less than 2,900 blocks left before it happens between April 18 and April 22, 2024, at block 840,000. Here’s a simple guide to the upcoming fourth Bitcoin halving.

🔄 Bitcoin’s Reward Halving Explained 🚀 

Bitcoin mining is a process where transactions are validated in a competition called Proof-of-Work (PoW). Miners who successfully discover blocks are rewarded with new bitcoins, currently at 6.25 bitcoins per block. But every 210,000 blocks or about every four years, this reward is halved, a process known as halving, to control Bitcoin’s supply.

⏳ Fourth Halving Countdown ⏰ 

The fourth halving is expected around April 20 (or as early as April 17), where miners’ rewards will drop from 6.25 to 3.125 bitcoins per block. This big cut in daily earnings affects miners’ profits and can impact the network’s hashrate. The halving, as described in the Bitcoin white paper, slows down Bitcoin’s issuance, similar to gold mining.

📉 Halving’s Impact on Miners and Network 💡 

The halving encourages miners to upgrade equipment and expand operations to offset revenue losses. While it mainly impacts miners, its deflationary effect changes Bitcoin’s economic structure, making it a globally significant event celebrated in different time zones.

🌐 A Global Event 🎉 

The halving event, which reduces Bitcoin’s issuance, highlights the cryptocurrency’s global and borderless nature. Celebrated worldwide, the halving represents Bitcoin’s resilience and the continuous evolution of its economic ecosystem.

Kiyosaki’s Advice: Choose Bitcoin Over Dollar!

Robert Kiyosaki, the author of Rich Dad Poor Dad, advises investors to switch from the U.S. dollar to bitcoin, gold, and silver. He warns that retirements are at risk as paper assets crash, showing his distrust in printable assets.

💡 Kiyosaki’s Recent Thoughts and Suggestions 📉 

On social media platform X, Kiyosaki discusses the financial issues in China’s commercial real estate sector, warning of similar problems in the U.S. He points out the risk of retirement plans filled with “fake assets” like REITs and fiat currencies.

🏦 ‘Fake Assets’ Increase and the Need for Real Investments 💰

With paper assets becoming more volatile, Kiyosaki recommends real investments like gold, silver, and bitcoin. He stresses the need to diversify from assets that can be manipulated or devalued by printing more money.

🌐 Global Financial Crisis and Bitcoin’s Role 📈 

Kiyosaki’s warnings go beyond traditional finance, as he worries about a wider banking crisis, potential conflicts, and the rise of central bank digital currencies (CBDCs). He sees bitcoin as “people’s money” and a protection against economic instability.

📈 Bitcoin’s Potential Rise and Future Prospects 💹 

Despite market instability, Kiyosaki is optimistic about bitcoin, predicting it will reach $100,000 by September and continue to rise in the long term. He encourages investors to act now before the “biggest bubble in history” bursts, threatening retirement plans.

🛡️ Dealing with Financial Uncertainty 🌟 

As financial markets face unique challenges, Kiyosaki’s advice highlights the importance of protecting against volatility with real assets like gold, silver, and bitcoin. His insights offer guidance for investors looking to protect their wealth in changing economic conditions.

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎