**Whale Addresses Transfer $1.3 Billion to Coinbase, Analysts Predict Bitcoin and Ether Buying Spree**
Bitcoin BTCUSD continues to trade inside a large range, suggesting indecision about the next trending move. Analysts trying to predict the direction are enthused by the $1.3 billion of USD Coin USDCUSD transferred to Coinbase by whale addresses. Expectations are that the funds will be used to buy Bitcoin and Ether ETHUSD.
**Institutional Investors Diversifying into Solana**
Large investors are not only buying the top two coins by market capitalization. CoinShares head of research James Butterfill said in a recent report based on a survey of 64 institutional investors that 15% of the respondents had invested in Solana SOLUSD. In comparison, none of the investors held Solana in the firm’s January survey.
**Baby Boomers Expected to Inject $300 Billion into Digital Assets**
Morgan Creek Capital CEO Mark Yusko said in a recent interview with The Wolf Of All Streets podcast that about $300 billion of baby boomers’ wealth is likely to enter into digital assets within 12 months. This inflow could boost the cryptocurrency market capitalization to $6 trillion.
**Bitcoin, Ether, and Top Altcoins Price Analysis**
Can buyers thwart attempts by the bears to deepen the correction in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
**Bitcoin Price Analysis**
Bitcoin has been trading below the moving averages for the past few days, but the bears are struggling to sink the price to the crucial support at $60,775. This suggests that selling dries up at lower levels.
**Ether Price Analysis**
Ether has been oscillating between the 20-day EMA ($3,209) and the horizontal support of $3,056 for the past few days.
**BNB Price Analysis**
BNB (BNB) has been struggling to reach the overhead resistance of $635, suggesting that the bears are defending the level with vigor.
**Solana Price Analysis**
Solana (SOL) turned down from the overhead resistance of $162 on April 24, indicating that the bears are active at higher levels.
**XRP Price Analysis**
XRP (XRP) is trading below the 20-day EMA (0.54) but the bulls are trying to find support at the uptrend line.
**Dogecoin Price Analysis**
Dogecoin (DOGE) has formed a symmetrical triangle pattern, indicating indecision between the bulls and the bears.
**Toncoin Price Analysis**
Toncoin (TON) broke below the ascending channel pattern on April 22 and reached the 50-day SMA ($5.12) on April 25.
**Cardano Price Analysis**
Cardano (ADA) turned lower from the 20-day EMA ($0.50) on April 23 and reached the important support at $0.46.
**Avalanche Price Analysis**
Avalanche (AVAX) turned down from the 20-day EMA ($39) on April 24, but the bears are finding it difficult to pull the price below the uptrend line.
**Shiba Inu Price Analysis**
Shiba Inu (SHIB) has been stuck between the moving averages for the past few days, indicating indecision between the bulls and the bears.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
