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Bitcoin is currently trading at 23% less than its all-time high, after making a low of $76.6K on March 11. However, this hasn’t deterred short-term and long-term holders from accumulating the token.
In this article, we’ll take a detailed look at the recent purchase data suggesting that Bitcoin is in an accumulation phase and primed for an upward push.
We’ll also talk about how investing in the best altcoins could be a smart decision in the current market scenario. Both Short & Long-Term $BTC Holders Bullish
Short-term $BTC holders – those who have held the token for less than 155 days – have added 15K $BTC in the first five days of April itself. Long-term holders, on the other hand, have added 400K $BTC since the beginning of February. With these fresh additions, STHs now hold around 3.7M Bitcoins, while LTHs own 13.5M.
The growing accumulation from STHs is particularly interesting. Usually, short-term holders exit assets during bear runs and only accumulate if they see a positive reversal. However, that’s not the case with $BTC.
Bitcoin STHs are now exhibiting traits of long-term holders, suggesting a sharp recovery might be around the corner. Bitcoin Could Reclaim $100K Soon
Trump’s tariffs might have stirred something encouraging for Bitcoin investors. While there has been a bloodbath in the US stock markets, $BTC has been showing signs of decoupling.
The S&P 500 index has plunged by more than 10% during this week, and gold dropped by 4.8% following the tariff announcement. However, Bitcoin, after an initial drop of 3%, bounced back to reach $82.5K levels, showing indications of its shifting correlation with other economic indicators. It’s currently trading at $82.7K.
This has also reignited the talks of the “gold leads, Bitcoin follows” narrative. During the 2019 bull cycle, it was gold that first surged by 15% during mid-year, after which Bitcoin surged by a massive 344% in 2020.
Bitcoin reclaiming $100K could see a baton handover from gold, with $BTC leading the charge. Michael Saylor, Executive Chairman of Strategy, said that $BTC is shielded from the ongoing tariff war. Since Bitcoin is a digital asset, it cannot be taxed at border points and escape the direct effects of tariffs.
The overall crypto market seems to be pretty stable in the face of uncertain global economics, which is a good sign for investors.
This, then, is a great time to position yourself in crypto. And altcoins and meme coins happen to be the most profitable segment in the space given their low cost of entry and massive potential.
If you’re looking for the best cryptocurrencies to invest in at this moment, here are some digital assets we’d recommend considering. 1. BTC Bull Token ($BTCBULL) – Best Altcoin to Buy Right Now
Bitcoin’s potential is unquestionable, especially with Trump’s blessings. However, if you want to maximize your gains from Bitcoin’s historical growth, look at BTC Bull Token ($BTCBULL). $BTCBULL is one of the best cryptos to buy now, seeing as it’ll give out free $BTC to its token holders – no other crypto project has a reward system this insane!
Bear in mind, though, that you must hold your $BTCBULL tokens in Best Wallet to be eligible for free $BTC.
Additionally, these Bitcoin giveaways are scheduled to take place whenever $BTC reaches a new milestone, such as $150K, $200K, and $250K.
So, the project’s native token, $BTCBULL, is also likely to see an appreciation in price alongside Bitcoin. Our BTC Bull Token price prediction suggests it could climb as high as $0.0096 by 2026.
What’s more, the team behind BTC Bull Token has also planned to periodically reduce the total token supply. This is a popular approach among the meme coins, using which they aim to boost their demand and price.
The best part? Because BTC Bull Token is currently in presale, it’s available for only $0.002445 – one of the best cheap cryptos right now. The project has so far raised $4.4M. Here’s how to buy $BTCBULL. 2. Solaxy ($SOLX) – Altcoin Building First-Ever Layer 2 on Solana
Cryptos like Solaxy ($SOLX) don’t come often. It’s a meme coin at its heart, which is why it’s expected to churn out over 11,500% returns by 2030.
However, unlike other meme coins that rely solely on hype, Solaxy relies on its revolutionary mission to improve Solana.
Solana has been plagued with congestion because of an overflow of transactions and investors on the network. A multi-chain token, $SOLX will tap into Ethereum’s liquidity and process Solana’s transactions off-chain. This will greatly reduce the burden on Solana’s mainnet.
Additionally, Solaxy will also carry out transactions in bundles instead of processing them individually. This will boost Solana’s affordability and make it even more appealing to meme coin enthusiasts.
It’s also worth noting that Solaxy is the hottest presale on the market right now. It has amassed a whopping $29.2M so far, and you can buy each token for just $0.001684.
For more info on the buying process, check out our guide on how to buy Solaxy. 3. FirstBroccoli ($BROCCOLI) – CZ’s Pet Dog-Inspired Meme Coin Back Among Top Gainers
$BROCCOLI is a fine example of what the best meme coins are capable of. It was brought into existence immediately after Binance’s ex-CEO CZ publicly flirted with the idea of launching a meme coin based on his pet dog.
$BROCCOLI has jumped over 500% since its launch approximately a month ago.
What’s even more interesting is that $BROCCOLI has coughed up these returns in a market that has been dicey. This further proves that hype alone can catapult tokens to the moon.
The token is up over 70% in the last seven days, and we could see fresh highs once it surges past its recent resistance of $0.014.
It’s currently trading at $0.01311, which could be an excellent entry price. Bottom Line
Even though experts are positive about Bitcoin’s future (both immediate and long-term), it’s important not to get carried away.
That’s because market conditions, especially in crypto, can change rapidly. So, always follow sound investing tactics, which include only putting in a reasonable sum of money.
As always, do your own research before investing. This article isn’t a substitute for financial advice from a professional.