The market continues to chop, clearly unable to pick a definitive direction throughout the past seven days. The total capitalization currently stands at around $2.5 trillion, more or less where it was during the same time last week. However, theres been substantial volatility, sending many leveraged traders into liquidations. Lets have a look.

Starting with Bitcoin, it has failed to make any progress during the past seven days, but this wasnt due to a lack of effort. On Monday, April 22nd, BTC bulls took its price toward the higher end of the current range—above $66K. Critical technical resistance lies at around $68K, and the bulls attempted to break above it on two separate occasions—one on Tuesday and one on Wednesday.

Both of these were unsuccessful. It appears that this gave the bears a lot of confidence, and they pushed the price back toward the lower spectrum of the range. Bitcoin currently trades at around $64K.

A lot of the altcoins, however, managed to capitalize on this indecision, charting certain gains.

For example, ETH is up 1.1% during the same period, XRP gained more than 4%, SHIB skyrocketed by 9.2%, TRX by 8.8%, and so forth. BNB is the largest top-performing altcoin, increasing by almost 8% in the past seven days.

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Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! In terms of what happened, perhaps the most notable event is the beginning of the trial between the United States Securities and Exchange Commission and Ripple Labs. Its a lawsuit thats been dragged on for many years, and it has just entered its final phase. Some experts are already speculating that a settlement is incoming, while others vouch for a more decisive victory for the company behind XRP.

The SEC also got involved in another lawsuit, but this time it was on the receiving end. Consensys one of the biggest companies in the industry filed against it, arguing that its potential regulations could seriously harm the blockchain industry in the United States.

With over a week after the Bitcoin halving, its interesting to see how the market will develop in the near future. If one thing is sure, its that boring days are a rarity in the industry, and there might be a surge of volatility right around the corner.

Market Data

Market Cap: $2.49T | 24H Vol: $84B | BTC Dominance: 50.9%

BTC: $64,351 (-0.9%) | ETH: $3,140 (+1.2%) | BNB: $603 (+7.9%)

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Here’s What Will Drive Bitcoin to $150K After the Halving: Standard Chartered. An analyst from Standard Chartered, whos also the head of digital asset research Geoff Kendrick, thinks that Bitcoins price is likely to trend higher following the halving. Check out the reasons why and how high it could go.

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Instagram Influencer Jay Mazini Sentenced to 7 Years for $8 Million Fraud Scheme. From riches to rags: United States District Judge Frederic Block has sentenced popular Instagram influencer Jay Mazini to seven years in prison. Hes been found guilty of multiple fraud schemes and scams.

Charts

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot – click here for the complete price analysis.

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Cryptocurrency charts by TradingView.