The price of Bitcoin and cryptocurrencies is increasing rapidly. Update of ADA, AVAX and NFT

US markets are now closed again. So, for us, it’s time to see the live Bitcoin price and the prices of the top 25 cryptocurrencies. After that, we will see updates to Cardano (ADA), Avalanche (AVAX), and a shocking NFT update.

Of course, we will start with the live Bitcoin price and the prices of the top 25 cryptocurrencies.

Bitcoin price live and top 25 cryptocurrency prices are rising fast

At the time of writing, the live Bitcoin price is trading at EUR37,820.80 ($41,122). This is 3.50% higher than when the US markets closed last night and also significantly higher than during our Bitcoin lunch this afternoon.

The sentiment is also positive for the other top 25 crypto coins. With the exception of stablecoins, we only see Shiba Inu (SHIB) at -0.30% take a (small) loss. The biggest gain is for Bitcoin Cash (BCH), which is back in the top 25 thanks to a 15.16% gain. On the site you can analyze all cryptocurrency prices live 24 hours a day.

Crypto bulls appear to be chasing Cardano (ADA)

Several analysts point to the possibility that Cardano (ADA) has bottomed out and is facing a sharp breakout. We saw this before when various experts made a big prediction.

Now there are more indicators. For example, we see Cardano whales (owners who have more than 10 million Cardano in the wallet) strike again. The analysis shows that they have been buying since last September’s record price (at $3.10), but are now trading faster and faster. You can see it in this graph with statistics.

Technical analysis also points to a bullish breakout. You can see this in the video analysis below.

As we saw, Cardano (ADA) may reach a price target of $1.60 in the next rally, according to some analysis. that would be a good return if you look at the current price of Cardano (ADA).

Record Crypto Price for Avalanche (AVAX) in the offing?

According to the technical analysis, another strong price increase is coming for Avalanche (AVAX). Here we see the coin trying to break back above the weekly trend line. Although the analysis is risky and therefore there is also a relatively higher risk if you invest in the moment, there are a number of factors to take into account.

For example, a price drop below $64.75 is a sign of capitulation and it seems that the bottom of the price is not yet in sight. In fact, the coin could drop to $55, but there are no real indicators of a price drop.

So the scenario of a breakout is definitely present if the price breaks above $64.75 in the short term. A 36% gain or even a new price record of around $115 is not excluded, as you can see from this analysis. By the way, the analysis of the video mentioned there is from March 23. This is “old” in crypto terms, so while the patterns in the analysis are certainly relevant, we’re being a bit cautious.

Compared to the actual price of Avalanche (AVAX), therefore, there is a lot of performance ahead.

Painful loss of millions: the NFT price hoax of the day?

One investor who doesn’t have to expect much return just yet is the NFT buyer from Twitter boss Jack Dorsey’s first Tweet. Last year, crypto entrepreneur Sina Estavi paid $2.9 million for this piece of internet history. Since then, the NFT market has grown considerably, so it seemed like a good time for the buyer to put their NFT up for sale again.

Last week he put it up for auction with an estimated price of $48 million. The auction was supposed to last a week and today was the time to take stock. There were 7 deals last week, ranging from $6 to…$280.

Naturally, this raises the question of how rational the NFT hype and associated record prices are. By the way, it is not pleasant for Estavi anyway, because after he was arrested in Iran, riots broke out among investors in his Bridge Oracle (BRG) tokens, but he assures that these problems will be resolved in 2 months. It is not to be expected that you would want to do this with your NFT earnings.

Want to stay informed of the latest price changes?

You can always follow the developments yourself with our WANT crypto analyzes or feature articles and previews on the crypto market and Bitcoin. Of course, you can also follow live prices 24 hours a day if you want to stay informed in real time. Are you also interested in other investments besides cryptocurrencies? So our weekly price forecast on Monday morning may be some reading advice. †Note: We never provide financial advice, so you may not interpret our contributions in that way. Always do your own research and make rational decisions about if, when, what and how much you want to invest in.”

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Cryptocurrency Update: The price of Bitcoin and cryptocurrencies is increasing rapidly. Update of ADA, AVAX and NFT

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