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Home»ALTCOIN NEWS»Fresh Capital with an all-time high of $110,000,000,000 entered the cryptocurrency market in just 30 days, a cryptocurrency analyst has revealed.
ALTCOIN NEWS

Fresh Capital with an all-time high of $110,000,000,000 entered the cryptocurrency market in just 30 days, a cryptocurrency analyst has revealed.

By Crypto FlexsApril 1, 20242 Mins Read
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Fresh Capital with an all-time high of 0,000,000,000 entered the cryptocurrency market in just 30 days, a cryptocurrency analyst has revealed.
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A closely watched cryptocurrency analyst said a record high of new capital has flowed into digital asset markets over the past 30 days.

Crypto strategist Ali Martinez in a new thread says The 55,500 followers of social media platform

“The cryptocurrency market has seen its largest capital inflow ever, boasting a record $110 billion in new capital inflows!”

Source: Ali Martinez/X

Martinez continues highlight Whale activity last month saw deep-pocketed investors gobbling up massive amounts of meme asset Dogecoin (DOGE) over a two-week period.

“Dogecoin whales have purchased 1.4 billion DOGE worth approximately $280 million in the last two weeks!”

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Source: Ali Martinez/X

Dogecoin is trading at $0.213 at the time of this writing, up 6.74% in the last 24 hours.

Moving on to the top cryptocurrency asset by market capitalization, Martinez said Bitcoin (BTC) appears to be forming a bullish technical pattern on the 30-minute chart. According to traders, we could witness a breakout rally if BTC moves above the immediate resistance level.

“Bitcoin shows a (contra) head and shoulders pattern on the 30-minute chart. If BTC maintains its position above the 200 EMA (exponential moving average) and surpasses the neckline resistance at $71,580, we can expect a potential increase of 4.44% with a price target of $74,760.”

GIjBRxAXAAE-jGP
Source: Ali Martinez/X

At the time of this writing, Bitcoin is trading at $70,468, a slight increase on the day. On January 23, the leading digital asset was trading at $39,833.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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