Crypto market entered relief rally in March: What’s ahead? — CoinPanel Blog

  • The 19 millionth Bitcoin was mined on April 1, and the leading cryptocurrency’s network mining difficulty also reached an all-time high of 28.587 trillion.
  • Solana price reached $136 last week and investors forecast that it could reach $150 by the end of April. Investors expect SOL to rise further due to the ‘golden cross’ forming as the 20-day EMA crosses above the 50-day EMA.
  • Another tax regulation came from Indonesia this week putting capital gains tax on crypto earnings starting from May 2022. The country will also put a VAT tax on crypto income next. The Ministry of Trade categorized crypto as a ‘commodity’ rather than a ‘currency.’
  • Cardano recently revisited $1.22, while the low-mid and high-mid tiers are the groups accumulating consistently, as these 100 to 100k ADA holders now own an all-time high of 16.8% of the available token supply.

Top 10 Cryptocurrencies by Market Capitalization:

Are Ethereum bulls gearing up for a rally?

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