Main cryptocurrency markets remain sideways
Shortly before the Easter weekend, investors and traders in Bitcoin, Ethereum, Solana, and Co are seemingly enjoying the spring weather instead of the markets – changes in prices are hardly noticeable.
Experts in social media channels are already trying to clarify the situation. They speculate whether the crypto year 2023 will ultimately be a “sell in May and go away” year, which would correspond to a realignment of the strategies from the two previous record years. However, at the moment it actually seems as though trading volume is relatively low and no major news is currently moving the markets.
Bitcoin, Ethereum, and XRP move sideways
Bitcoin is stuck in the range around the $28,000 mark, while Ethereum is trading around $1,900. Related to the Ripple (XRP) cryptocurrency, which has seen turbulent weeks due to developments in the ongoing Ripple vs. SEC lawsuit, quotes are also adapting to the pull of the big ones and no longer changing direction.
Of course, there are still outliers upwards and downwards among the altcoins, but these seem to be fly-by-night from projects of less importance and thus are not expected to have a broader or long-term impact on the market.
Outliers at Solana
The situation at Solana (SOL) remains uncertain, as one hardly knows whether to categorize the serious technical issues of March as a thing of the past. Solana has also seen a larger recovery in recent days, but the token’s price is not moving away from the general direction of cryptocurrencies either.
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