Solana

Bitcoin

April

Celestia

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 <p class="paragraph">The broader cryptocurrency market has shed the short-term gains experienced leading up to the Bitcoin (BTC) halving event. Following the completion of the bullish event, the markets have failed to react positively, with analysts attributing it to the post-halving retracement.</p>
 <p class="paragraph">Against this backdrop and prevailing market sentiment, Finbold has identified three cryptocurrencies worth watching in the coming week despite the predominantly red market.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-btc">Bitcoin (BTC)</h2>
 <p class="paragraph">One of the primary reasons for interest in Bitcoin is its recent halving event and how the price will evolve. Since the event, Bitcoin has experienced a correction, slipping below the $65,000 mark. Initial optimism revolved around Bitcoin’s potential to establish gains above $65,000. However, the post-halving correction has tempered these expectations and raised questions about the cryptocurrency’s short-term outlook.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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   </svg> Picks for you</h3>
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   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin halving racks up record $2.4 million fees as Runes Protocol launches <span class="self-center text-xs text-slate-500">19 mins ago</span>
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    Bitcoin fees above $100 for the first time; Sell-off incoming? <span class="self-center text-xs text-slate-500">2 hours ago</span>
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    Tether launches USDT and tokenized gold on Telegram’s Ton Network <span class="self-center text-xs text-slate-500">2 hours ago</span>
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    Congressman dis<a rel="noopener noreferrer nofollow" title="close" href="https://thebittimes.com/tag/close.html">close</a>s Bitcoin purchase a day before the halving <span class="self-center text-xs text-slate-500">19 hours ago</span>
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 <p class="paragraph">It is worth noting that Bitcoin initially dropped below the $70,000 zone following heightened geopolitical tension. Indeed, in the coming week, investors will be interested in how Bitcoin’s price adapts to the evolving tensions in the Middle East.</p>
 <p class="paragraph">Crucially, attention is on Bitcoin’s ability to sustain its gains above the $60,000 support zone. Analysts emphasize the significance of this price level, suggesting that a drop below $60,000 could spell trouble ahead for the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency, pointing to possible further downside.</p>
 <p class="paragraph">Whether Bitcoin can shake off the recent downturn, reclaim its momentum, navigate geopolitical headwinds, and hold above the crucial $60,000 mark remains to be seen in the coming week. Indeed, the trajectory of the crypto will likely influence general market sentiment.&nbsp;</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="1016" height="579" src="https://cdn.thebittimes.com/images/2024/04/20/c3f7d92774570f4e19235bf738709555.webp" alt class="wp-image-170413" srcset="https://cdn.thebittimes.com/images/2024/04/20/c3f7d92774570f4e19235bf738709555.webp 1016w, https://cdn.thebittimes.com/images/2024/04/20/c3f7d92774570f4e19235bf738709555.webp 300w, https://cdn.thebittimes.com/images/2024/04/20/c3f7d92774570f4e19235bf738709555.webp 768w" sizes="(max-width: 1016px) 100vw, 1016px">
  <figcaption class="wp-element-caption"><em>Bitcoin seven-day price chart. Source: CoinMarketCap</em>
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 </figure>
 <p class="paragraph">By press time, Bitcoin was trading at $63,606 with daily losses of almost 2%.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-solana-sol">Solana (SOL)</h2>
 <p class="paragraph">Solana (SOL), a decentralized finance (DeFi) project, remains a pivotal asset to <a rel="noopener noreferrer nofollow" title="watch" href="https://thebittimes.com/tag/watch.html">watch</a>, particularly regarding its blockchain activities likely to impact its price. Notably, Solana, which has experienced a significant rally in recent months, faced pressure amid the recent general market sell-off, with the asset hovering <a rel="noopener noreferrer nofollow" title="close" href="https://thebittimes.com/tag/close.html">close</a> to dropping below $130.&nbsp;</p>
 <p class="paragraph">However, SOL managed to reclaim the $140 mark, showcasing resilience amidst market turbulence.</p>
 <p class="paragraph">Despite this resilience, various network issues continue to persist around Solana. Despite the recent rollout of a major network fix, high transaction failure rates persist, with 71% of non-voting transactions still resulting in failures as of April 19.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="1024" height="388" src="https://cdn.thebittimes.com/images/2024/04/20/ee572915e4865131b5b8e42a60e60ad1.webp" alt class="wp-image-170417" srcset="https://cdn.thebittimes.com/images/2024/04/20/ee572915e4865131b5b8e42a60e60ad1.webp 1024w, https://cdn.thebittimes.com/images/2024/04/20/ee572915e4865131b5b8e42a60e60ad1.webp 300w, https://cdn.thebittimes.com/images/2024/04/20/ee572915e4865131b5b8e42a60e60ad1.webp 768w, https://cdn.thebittimes.com/images/2024/04/20/ee572915e4865131b5b8e42a60e60ad1.webp 1536w, https://cdn.thebittimes.com/images/2024/04/20/ee572915e4865131b5b8e42a60e60ad1.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Solana transaction failure rates. Source: Dune</em>
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 </figure>
 <p class="paragraph">The recent v1.18.11 update to the devnet by the Solana dev shop Anza initially failed but was successfully restarted in a second attempt. This effort aims to alleviate ongoing network congestion, signaling ongoing efforts to address technical challenges.</p>
 <figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="589" src="https://cdn.thebittimes.com/images/2024/04/20/e41a982150f8d1dddd036e43d7e42280.webp" alt class="wp-image-170414" srcset="https://cdn.thebittimes.com/images/2024/04/20/e41a982150f8d1dddd036e43d7e42280.webp 1024w, https://cdn.thebittimes.com/images/2024/04/20/e41a982150f8d1dddd036e43d7e42280.webp 300w, https://cdn.thebittimes.com/images/2024/04/20/e41a982150f8d1dddd036e43d7e42280.webp 768w, https://cdn.thebittimes.com/images/2024/04/20/e41a982150f8d1dddd036e43d7e42280.webp 1029w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>SOL seven-day price chart. Source: CoinMarketCap</em>
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 <p class="paragraph">As of press time, SOL was trading at $141, having corrected by over 7% in the last seven days.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-celestia-tia">Celestia (TIA)</h2>
 <p class="paragraph">Celestia (TIA) <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency represents a modular network facilitating the straightforward deployment of individual blockchains with minimal overhead. The token has been a standout performer in the current market rally, notably maintaining a positive trajectory amid the overall prevailing bearish sentiments.</p>
 <p class="paragraph">TIA’s upward momentum began in late 2023 following the launch of Celestia’s mainnet beta, signaling the onset of the modular blockchain era. Another contributing factor to its value surge could be its previous listing on Binance, underscoring promising scalability solutions.&nbsp;</p>
 <p class="paragraph">As we move into the new week, attention is on whether TIA can sustain its resilience and trajectory in the green zone.</p>
 <p class="paragraph">By press time, the token was trading at $11.29, reflecting daily gains of almost 3%. Over the last seven days, it has increased by over 15%.</p>
 <figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="1017" height="578" src="https://cdn.thebittimes.com/images/2024/04/20/5d44cebd250b05b247cd7d34b084f1bc.webp" alt class="wp-image-170415" srcset="https://cdn.thebittimes.com/images/2024/04/20/5d44cebd250b05b247cd7d34b084f1bc.webp 1017w, https://cdn.thebittimes.com/images/2024/04/20/5d44cebd250b05b247cd7d34b084f1bc.webp 300w, https://cdn.thebittimes.com/images/2024/04/20/5d44cebd250b05b247cd7d34b084f1bc.webp 768w" sizes="(max-width: 1017px) 100vw, 1017px">
  <figcaption class="wp-element-caption"><em>TIA seven-day price chart. Source: CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">It’s important to recognize that the cryptocurrencies discussed are still subject to external market forces that extend beyond their inherent fundamentals.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/here-s-why-you-should-closely-watch-these-3-cryptocurrencies-tbt85871.html">https://thebittimes.com/here-s-why-you-should-closely-watch-these-3-cryptocurrencies-tbt85871.html</a></p>

Here’s why you should closely watch these 3 cryptocurrencies

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