The cryptocurrency market experienced a terrible week, as most assets dropped in value substantially. Some cryptocurrencies went as far as losing most of the gains they recorded since the year’s start. Even the market capitalization took a major hit.

Nasdaq 100 and SP500 Wave (4) low being in place strengthens day by day and we can continue to build long positions across many markets such as Bitcoin and crypto tokens.

Dollar and Yields are higher and gold, silver, bitcoin, ETH/USD, copper, oil, and gas are lower. We can expect this weakness to continue over the next trading sessions.

The cryptocurrency market experienced extreme volatility this week in what was already a turbulent April. Most assets have been going up and down, confusing investors and frustrating traders everywhere.

The cryptocurrency market appears set to end one of its most turbulent weeks of 2024, bringing a big smile to investors’ faces. Mid-April marked Bitcoin’s much-anticipated 4th halving, which reduced the BTC block from 6.25 BTC to 3.125 BTC.