Bitcoin Rockets to $94K as $635M in Shorts Get Liquidated -Is $100K Next?

Bitcoin Rockets to $94K as $635M in Shorts Get Liquidated -Is $100K Next?

Wednesday, April 23, 2025 / No Comments

 

Cryptocurrency markets experienced a dramatic surge in volatility over the past 24 hours, with total liquidations surpassing $635 million. The majority of these losses over $560 million came from traders holding short positions, underscoring increasing pressure on bearish sentiment.

Leading the charge was Bitcoin (BTC), which soared past $94,000 to mark a 6.3% daily gain. According to data from CoinGlass, nearly $293 million in BTC short positions were wiped out during the rally. Ether (ETH) followed suit, climbing nearly 10% to trade around $1,787, triggering over $109 million in short liquidations.

Binance saw the highest liquidation volume among exchanges, accounting for $18.7 million in the last four hours alone 78% of which stemmed from short positions. Bybit and OKX also reported elevated liquidation activity, signaling broad-based volatility across crypto trading platforms.

Analysts Point to Short Squeeze Potential

Market watchers are increasingly pointing to a potential short squeeze, a phenomenon where a rapid price spike forces short-sellers to close their positions, further propelling prices upward. Crypto analyst Mister Crypto noted that significant liquidity is “building up around the $100,000 level,” suggesting the market could be poised for another breakout.

Sharing a Binance BTC/USDT Liquidation Heatmap, the analyst highlighted mounting liquidation orders near the $100K mark an indication that many traders may be forced to buy back into the market if prices continue to climb.

Bitcoin Hits 45-Day High

Bitcoin touched a 45-day high of $94,236 on Tuesday, buoyed by bullish sentiment and ongoing institutional interest. The rally has rekindled speculation around a possible six-figure price target, though opinions remain divided.

Skepticism Remains Over $100K Target

Not all experts are convinced that a $100,000 BTC is imminent. Vincent Liu, Chief Investment Officer at Kronos Research, cautioned that broader macroeconomic developments will heavily influence the asset’s trajectory.

“Bitcoin’s climb to $94K reflects renewed global optimism, but its path to $100K remains uncertain,” Liu told Cointelegraph. He pointed to the upcoming Federal Reserve’s FOMC meeting on May 6, ongoing trade discussions with India and China, and potential shifts in U.S. monetary policy as key variables.

“Any easing in tariffs or a dovish Fed could fuel further gains, while hawkish moves or geopolitical uncertainty may stall momentum,” Liu added.

Bitcoin May Surpass $100K as U.S. Dollar Declines, Says Arthur Hayes

Bitcoin May Surpass $100K as U.S. Dollar Declines, Says Arthur Hayes

Monday, April 21, 2025 / No Comments

 

Bitcoin's next parabolic move may be on the horizon as market conditions align with major macroeconomic shifts. According to BitMEX co-founder and Maelstrom CIO Arthur Hayes, incoming U.S. Treasury buybacks and continued U.S. dollar weakness could send Bitcoin soaring past $100,000.

Seriously fam, this might be the last chance you have to buy BTC under $100K,” Hayes wrote, referring to the Treasury’s planned bond buybacks as a potential “bazooka” for Bitcoin.

Treasury buybacks where the government repurchases its own debt are typically used to boost liquidity, manage interest rates, or reduce outstanding obligations. In doing so, they can inject capital into financial markets, often driving up demand for risk assets like Bitcoin.

Money Supply Growth Could Push BTC to $132K

Hayes isn't alone in his bullish stance. Jamie Coutts, Real Vision's chief crypto analyst, projects Bitcoin could top $132,000 by year’s end, citing M2 money supply expansion as a major tailwind.

Still, not all signals are green. Some analysts warn that global trade tensions, particularly between the U.S. and China, could weigh on investor sentiment.

Dollar Drops, Bitcoin Breaks Out

Bitcoin recently surged past $87,700 its highest level in nearly three weeks as the U.S. Dollar Index hit its lowest point since March 2022. The move followed former President Donald Trump’s announcement of new tariffs on Chinese goods.

“Bitcoin is clearly responding to dollar weakness,” said Bitwise’s André Dragosch.

Bitget Research’s Ryan Lee also sees room for upside: “We’re seeing strong volume, a breakout from a descending wedge, and a macro backdrop that favors Bitcoin as a hedge including rising gold correlation and institutional interest.”

Institutional Momentum Builds

Despite short-term volatility, institutional players continue to accumulate. Firms based in Japan and the UK have poured hundreds of millions into BTC in recent weeks, suggesting confidence in Bitcoin’s long-term role as a financial hedge.

Here’s what happened in crypto today

Here’s what happened in crypto today

Wednesday, April 16, 2025 / No Comments

 

Today in crypto, a new report from Coinbase outlines a shrinking crypto market but predicts a potential rebound in late 2025. Meanwhile, Strive Asset Management is urging Intuit to buy Bitcoin after convincing GameStop to add it to their balance sheet, and Ethena Labs is withdrawing from the German market following regulatory concerns over its USDe stablecoin.

Crypto in a bear market, rebound likely in Q3

Coinbase’s April 15 monthly outlook for institutional investors paints a bleak picture of the current crypto landscape. The altcoin market capitalization has dropped 41% since its December 2024 peak of $1.6 trillion, sitting at $950 billion by mid-April. According to BTC Tools, the lowest point reached was $906.9 billion on April 9, with a slight recovery to $976.9 billion at press time. The report also highlights a significant decline in venture capital investment, which has dropped by 50% to 60% from the 2021 to 2022 period. David Duong, Coinbase’s global head of research, warned that the market may be entering a new "crypto winter" due to negative sentiment triggered by global tariffs and economic uncertainty. Duong referenced key indicators like the 200-day moving average and Bitcoin’s Z-score, an analytic tool used to assess overbought or oversold market conditions, to suggest that the most recent bull market ended in February. Coinbase’s model now categorizes the market as neutral but anticipates possible recovery in Q3.

Strive urges Intuit to buy Bitcoin after converting GameStop

Strive Asset Management’s CEO Matt Cole is pushing Intuit, the financial software firm behind TurboTax and QuickBooks, to add Bitcoin to its treasury. In an open letter dated April 14, Cole warned that AI could disrupt Intuit’s core business, especially tax preparation. He pitched Bitcoin as a strategic hedge, citing it as the “best option available” for building a financial buffer amid AI-driven changes. Cole emphasized that a Bitcoin “war chest” would allow Intuit to maintain its position of strength and adaptability. The letter mirrors one Cole sent to GameStop CEO Ryan Cohen in February, which led to the company raising $1.5 billion, partly allocated for Bitcoin purchases.

Ethena Labs exits German market following agreement with BaFin

Ethena Labs, the developer behind the synthetic USDe stablecoin, is shutting down its German operations following regulatory intervention. On April 15, the company announced an agreement with Germany’s Federal Financial Supervisory Authority (BaFin) to cease all local activities through its subsidiary, Ethena GmbH. This move follows BaFin’s March 21 order halting the minting and redemption of USDe due to identified compliance deficiencies and potential securities violations. Ethena confirmed that it had not conducted any minting or redemption since BaFin’s action and will no longer pursue MiCAR (Markets in Crypto-Assets Regulation) authorization in Germany. This marks a broader trend of increasing regulatory scrutiny on stablecoins and crypto operations across Europe.

Mechanism Capital’s Andrew Kang Doubles Down on Bitcoin With $200M Long Position

Mechanism Capital’s Andrew Kang Doubles Down on Bitcoin With $200M Long Position

Monday, April 14, 2025 / No Comments

 

Andrew Kang, founder of crypto investment firm Mechanism Capital, has significantly increased his bullish bet on Bitcoin, doubling his previous position with an additional $100 million long. The move brings his total leveraged position to $200 million, according to on-chain data from blockchain intelligence platform Arkham.

"Andrew Kang just doubled his Bitcoin position," Arkham stated in an April 12 post on X (formerly Twitter), pointing to wallet activity linked to Kang. The firm reported that the added $100 million position carries a potential profit or loss margin of approximately $6.8 million.

This aggressive market stance follows Kang’s initial $100 million long placed on April 9 coinciding with a post by former U.S. President Donald Trump on Truth Social that read, “THIS IS A GREAT TIME TO BUY!!! DJT.” Shortly afterward, the Trump administration announced a 90-day pause on newly implemented tariffs, a decision that sparked a rally across both crypto and equity markets.

Kang commented on April 12, attributing Bitcoin’s potential trend reversal to what he termed “trade war capitulation” and a “Trump put” the notion that Trump will take measures to boost the stock market. He suggested these developments create ideal conditions for Bitcoin to rebound from its multi-month downtrend.

Meanwhile, political tensions have escalated. Senate Democrats have urged the U.S. Securities and Exchange Commission to investigate Trump and his affiliates for potential insider trading and market manipulation related to the timing of his social media post and the tariff pause announcement.

In the midst of the volatility, Bitcoin has seen sharp price swings. Over the past 24 hours, the cryptocurrency fell to a low of $83,197 before recovering to trade near $85,000, according to CoinGecko. Confusion around U.S.-China tariff policy has added to the market’s uncertainty. Trump later clarified that there was no tariff “exception,” but that certain electronics were reclassified under a 20% tariff rate.

With macroeconomic factors, political headlines, and high-leverage trades converging, Bitcoin markets remain on edge. Investors will be closely watching both the regulatory response and further moves by high-profile traders like Kang.

Kraken Partners With Mastercard to Launch Crypto Debit Cards in Europe and the UK

Kraken Partners With Mastercard to Launch Crypto Debit Cards in Europe and the UK

Wednesday, April 9, 2025 / 1 Comment

 

Kraken, one of the world’s leading cryptocurrency exchanges, has announced a partnership with Mastercard to launch crypto debit cards in the United Kingdom and across Europe. The move marks a significant step toward mainstream adoption of digital assets as real-world payment instruments.

The new Kraken Mastercard debit card will allow users to spend cryptocurrencies and stablecoins directly, bringing enhanced convenience and usability to Kraken’s growing customer base. Rollout of the card is expected in the coming weeks, with a waitlist already open to users.

This development comes as Kraken actively pursues regulatory approval under the European Union’s Markets in Crypto-Assets Regulation (MiCA) framework, signaling its intent to operate in full compliance with upcoming crypto laws.

Building on Kraken Pay’s Momentum

The card launch builds on the rapid expansion of Kraken Pay, a payment service introduced in January 2025. Kraken Pay supports transfers in over 300 crypto assets across borders and includes features like “paylink,” enabling crypto payments via shareable URLs.

Since its debut, more than 200,000 users have activated Kraktag, a secure identifier for receiving funds without sharing banking details.

Mastercard’s Continued Commitment to Crypto

Mastercard, which has actively explored the crypto ecosystem through partnerships with platforms like MetaMask and Mercuryo, reaffirmed its commitment to supporting digital asset infrastructure.

“Partnering with Mastercard is a major step toward us bringing the vision of crypto’s everyday utility to life,” said Kraken co-CEO David Ripley. “Together, we will unlock crypto’s true potential for global commerce.”

Scott Abrahams, EVP of global partnerships at Mastercard, added, “Our latest partnership with Kraken is a testament to our drive for innovation in digital payments.”

As global interest in crypto payments grows, this collaboration underscores the increasing overlap between traditional finance and decentralized technology.

Bitcoin Could Fall to $10K as Market Correction Looms, Says Bloomberg Analyst

Bitcoin Could Fall to $10K as Market Correction Looms, Says Bloomberg Analyst

Monday, April 7, 2025 / No Comments

 

Bloomberg Senior Commodity Strategist Mike McGlone has issued a stark warning about the potential for a major correction in global markets, predicting that Bitcoin could fall as low as $10,000.

In an exclusive interview with Cointelegraph, McGlone cited heightened market volatility, deepening sell-offs, and macroeconomic instability exacerbated by ongoing U.S. tariff tensions under President Donald Trump as contributing factors to a potential sharp decline in crypto assets.

“The entire space needs a purge, much like the dot-com bubble. Dogecoin still has a $20 billion market cap. It should go to zero,” McGlone said, pointing to what he believes is unsustainable speculation in digital assets.

Despite a regulatory environment that remains relatively supportive, McGlone argued that Bitcoin’s reputation as “digital gold” is under serious pressure. He added that many investors who entered the market through newly launched Bitcoin ETFs are beginning to realize that they purchased a volatile, high-beta asset rather than a safe haven.

The strategist also emphasized that any recovery from a potential downturn is unlikely to follow the rapid V-shaped rebound seen after the COVID-19 crash. Instead, he expects a more gradual reset, citing the U.S. stock market’s current ratio of over 2.2 times GDP as a sign of overvaluation.

“Markets simply got too high. A correction is not only likely it’s necessary,” McGlone stated.

Investors are advised to brace for continued volatility and manage expectations for a prolonged recovery period.

Today's Top Crypto Headlines

Today's Top Crypto Headlines

Friday, April 4, 2025 / No Comments

 

OKX Fined $1.2 Million for AML Failures by Malta’s FIAU

Malta’s Financial Intelligence Analysis Unit (FIAU) has fined Okcoin Europe, the Europe-based arm of cryptocurrency exchange OKX, 1.1 million euros ($1.2 million) for multiple Anti-Money Laundering (AML) breaches in 2023. The announcement came on April 3, marking a significant regulatory action against the platform.

Despite recent improvements in OKX’s AML policies over the past 18 months, the FIAU stated that it could not overlook the compliance shortcomings from 2023, some of which were described as “serious and systematic.” OKX, one of the first exchanges to secure a license under Europe’s Markets in Crypto-Assets (MiCA) regulation, faced scrutiny for its business risk assessment (BRA) process during the 2023 compliance examination.

The FIAU found deficiencies in the BRA’s methodology, which hindered OKX’s ability to properly assess money laundering risks and implement adequate measures. Among the identified risks were the use of cryptocurrency mixers, privacy coins, stablecoins, and decentralized exchange tokens.

OKX did not directly address the fine, but a representative stated that the platform remains committed to enhancing its security, transparency, and compliance practices.

Genius Group Faces Bitcoin Treasury Downsizing Amid Legal Dispute

Singapore-based AI firm Genius Group has announced that it may need to reduce its Bitcoin treasury following a US court order restricting its financial activities. The New York District Court issued a preliminary injunction (PI) and temporary restraining order (TRO) on March 13, preventing the firm from selling shares, raising funds, or purchasing more Bitcoin.

The injunction is linked to a legal battle concerning Genius Group’s merger with Fatbrain AI. As a result, the company stated that while it would minimize Bitcoin sales, downsizing might become necessary if the court order remains in place.

Paul Atkins Moves Closer to SEC Chair Position

Paul Atkins, a nominee selected by former President Donald Trump, has passed a key committee vote in his bid to become the next chair of the US Securities and Exchange Commission (SEC). The Senate Banking Committee approved Atkins’ nomination with a 13-11 vote on April 3, moving it forward to a full Senate vote.

Atkins, known for his previous experience as an SEC commissioner, is expected to bring a more crypto-friendly stance to the agency. Committee chair Tim Scott expressed confidence in Atkins’ ability to offer “much-needed clarity” to the cryptocurrency sector.

Hut 8 and American Bitcoin Aim to Lead US Mining Efforts

Bitcoin mining firm Hut 8 has unveiled plans for a new mining venture named American Bitcoin, partnering with Donald Trump Jr. and Eric Trump. The initiative seeks to establish one of the most efficient and cost-effective mining platforms in the United States.

Hut 8 CEO Asher Genoot highlighted the strategic timing, noting that with China’s reduced presence in mining and growing pro-Bitcoin sentiment in the US, the venture is positioned to capitalize on favorable conditions. The company aims not only to expand mining capacity but also to maintain low operational costs, with an eye toward a public listing on a US exchange.

Genoot addressed criticisms of energy consumption, emphasizing that Bitcoin mining leverages cheap, renewable energy, aligning with advancements in the tech sector.

Bitcoin Price Risks Drop to $71K as Trump Tariffs Impact US Business Outlook

Bitcoin Price Risks Drop to $71K as Trump Tariffs Impact US Business Outlook

Thursday, April 3, 2025 / No Comments

 

Bitcoin (BTC) faces heightened risk of falling to $71,000 amid pressures from US trade tariffs, as warned by Charles Edwards, founder of Capriole Investments. Edwards highlighted that the recent increase in tariffs, announced by former President Donald Trump, has triggered a more significant drop in Bitcoin compared to US stocks. Bitcoin’s fall of 8.5% on April 2 stands in stark contrast to the modest 0.7% rise in the S&P 500.

The US business outlook, reflected in the Philadelphia Fed's Business Outlook Survey (BOS), shows a sharp decline to levels not seen since 2024's start, signaling heightened uncertainty comparable to crises in 2000, 2008, and 2022. Edwards noted that these risks could lead Bitcoin to test key levels, with a potential "sizable bounce" if it reaches $71,000.

Further analysis suggests that macroeconomic factors, including the US Federal Reserve's monetary policy, will play a pivotal role in determining Bitcoin's trajectory, with a close above $91,000 signaling a bullish outlook. Meanwhile, an anticipated influx of global liquidity could provide some support for Bitcoin's recovery in the coming months.

Arthur Hayes Predicts Bitcoin Could Reach $250K by 2025 If Fed Shifts to QE

Arthur Hayes Predicts Bitcoin Could Reach $250K by 2025 If Fed Shifts to QE

Wednesday, April 2, 2025 / No Comments

 

Arthur Hayes, co-founder of BitMEX, has forecasted that Bitcoin could surge to $250,000 by the end of 2025 if the U.S. Federal Reserve shifts toward quantitative easing (QE). Hayes attributes this potential price spike to an expected increase in the supply of fiat money, which he believes will be a major driver for Bitcoin's price.

In a recent Substack post, Hayes explained that if the Fed moves away from its quantitative tightening (QT) strategy and embraces QE, Bitcoin could rise from a local low of $76,500 to $250,000 by the end of the year. He pointed to the Fed's decision to reduce the Treasury runoff cap from $25 billion to $5 billion, while maintaining a $35 billion cap on mortgage-backed securities (MBS) runoff, as evidence that QE could be on the horizon.

Hayes added that the Fed’s potential actions will likely lead to "treasury QE," which he believes will propel Bitcoin's value higher once formally announced. This prediction comes as Bitcoin’s price continues to be closely tied to the supply of fiat money and the broader economic landscape.

Despite Hayes' bullish forecast, other analysts are more conservative, with some predicting that Bitcoin could top out at around $132,000 by the end of 2025, based on global liquidity trends and the M2 money supply growth.

Market sentiment, however, remains divided. A majority of traders (60%) are betting on Bitcoin reaching $110,000 by 2025, while only 9% expect the cryptocurrency to reach the $250,000 mark.

In the meantime, Bitcoin's price and market dynamics remain influenced by global economic factors, including fears around rising tariffs, particularly ahead of an upcoming tariff announcement by former U.S. President Donald Trump.

Crypto Daily Roundup: Key Events Shaping the Market Today

Crypto Daily Roundup: Key Events Shaping the Market Today

Thursday, March 27, 2025 / No Comments

Today’s top crypto developments highlight shifting regulatory landscapes, market volatility, and growing institutional demand. Here’s what you need to know:

Survey Reveals European Banks Lag in Crypto Adoption

A recent Bitpanda survey has revealed that fewer than 20% of European financial institutions currently offer cryptocurrency services, despite growing investor interest. The study, which surveyed 10,000 retail and institutional investors across 13 European countries, found that over 40% of business investors already hold digital assets, with another 18% planning to enter the market soon.

However, a significant disconnect exists between financial institutions and market demand. While 80% of surveyed banks acknowledged the rising importance of crypto, only 19% offer related services. This gap suggests that traditional banks may be underestimating the sector’s rapid growth.

U.S. Senate Votes to Overturn IRS DeFi Reporting Rule

In a major policy shift, the U.S. Senate has passed a resolution to repeal the IRS’s controversial DeFi broker rule. The measure, which aimed to impose stricter reporting requirements on decentralized finance platforms, will now be sent to President Donald Trump, who has indicated his support for scrapping the regulation.

The Senate voted 70-28 in favor of the repeal, arguing that the rule would have placed excessive burdens on DeFi platforms while potentially stifling innovation in the industry. Critics of the resolution, however, warn that rolling back the rule could create loopholes for tax evasion.

Hyperliquid Delists JELLY Token Perpetuals Amid Market Manipulation Concerns

Crypto exchange Hyperliquid has removed perpetual futures contracts linked to the JELLY token following evidence of suspicious trading activity. The move comes after a trader allegedly executed a $6 million short position before manipulating the token’s on-chain price, triggering a self-liquidation event.

Hyperliquid’s non-profit arm, the Hyper Foundation, has announced plans to reimburse affected traders, excluding flagged accounts. Meanwhile, concerns about the platform’s decision-making process and level of decentralization have sparked debate in the crypto community.

Market Outlook: Bitcoin Holds Steady, Institutions Eye Expansion

Despite regulatory uncertainties, institutional interest in crypto remains strong. Bitcoin’s price has stabilized amid market fluctuations, and analysts predict further growth as institutional players expand their presence.

As crypto adoption accelerates globally, the gap between investor demand and financial institutions’ offerings continues to widen. Whether regulators and traditional banks will adapt to this evolving landscape remains to be seen.

Bitcoin Whales Make Waves: $200M Buy-In and 8-Year Dormant Wallet Awakens!

Bitcoin Whales Make Waves: $200M Buy-In and 8-Year Dormant Wallet Awakens!

Tuesday, March 25, 2025 / No Comments

 

A major Bitcoin whale has made waves in the crypto market by purchasing $200 million worth of BTC, coinciding with a price rebound. Meanwhile, another long-dormant wallet has resurfaced after eight years, moving over 3,000 BTC.

Whale Acquires $200M in Bitcoin

Blockchain analytics firm Arkham Intelligence reported that a large Bitcoin investor withdrew 2,400 BTC valued at over $200 million from Binance on March 24. Despite selling over 11,400 BTC in previous months, the whale now holds more than 15,000 BTC, with an estimated worth of $1.3 billion.

The accumulation began just five days ago, following sales in February when Bitcoin fluctuated between $86,000 and $100,000. Market data from CoinGecko shows that BTC hit a low of $78,940 in late February before rebounding to trade between $81,000 and $88,000 over the past week.

Dormant Wallet Awakens

Adding to the whale activity, another Bitcoin address, inactive for over eight years, recently moved 3,000 BTC in a single transaction, valued at approximately $250 million. According to Arkham Intelligence, the wallet’s holdings, originally worth $3 million in 2017, have skyrocketed in value.

Institutional Accumulation on the Rise

BlackRock, the world’s largest asset manager, has also been steadily increasing its Bitcoin holdings. Data from Bitbo’s Bitcoin treasury tracker shows that BlackRock added 4,054 BTC across 15 transactions, bringing its total Bitcoin reserves to 573,878 BTC worth over $50 billion.

Additionally, BlackRock’s iShares Bitcoin Trust (IBIT) led a surge in spot Bitcoin ETFs in the U.S., marking a net inflow of $744.4 million after a five-week streak of outflows. The fund’s strong performance was primarily driven by BlackRock ($537.5 million) and Fidelity’s Wise Origin Bitcoin Fund ($136.5 million).

Ethereum Whales Also Active

While Bitcoin investors dominate headlines, Ether (ETH) whales are also accumulating. Blockchain tracking service Lookonchain identified a whale purchasing 7,074 ETH worth $13.8 million on March 21. Ether’s price has been trading between $1,876 and $2,097, still down 57% from its all-time high of $4,878 in 2021.

Despite its price lag, Ether’s open interest reached a record high on March 21, and the number of addresses holding at least $100,000 worth of ETH has grown from 70,000 on March 10 to over 75,000 by March 22.

With major investors making moves, the crypto market continues to witness increased institutional interest and whale activity, signaling confidence in Bitcoin’s long-term trajectory.

Top Crypto News Today

Top Crypto News Today

Monday, March 24, 2025 / No Comments

 

Saylor’s Strategy Expands Bitcoin Holdings Beyond 500K BTC

Michael Saylor’s investment firm, Strategy, has once again made waves in the crypto world, purchasing 6,911 Bitcoin for $584 million during a recent market dip. According to a newly filed SEC report, the acquisition, made between March 17 and March 23, brings Strategy’s total Bitcoin holdings to 506,137 BTC worth approximately $33.7 billion at an average purchase price of $66,608 per coin.

This milestone follows Strategy’s recent preferred stock offering, which generated $711 million in capital. The stock was sold at $85 per share with a 10% coupon, and the firm is expected to settle the transaction by March 25, 2025.

Bitcoin Eyes $90K as Trump Signals Tariff Easing

Bitcoin could be setting up for a surge toward $90,000, driven by shifting U.S. economic policies. According to Markus Thielen, founder of 10x Research, former President Donald Trump’s softened stance on reciprocal tariffs set to take effect on April 2 may be a bullish catalyst for crypto markets.

Thielen also pointed to recent signals from the Federal Reserve, suggesting that it may look past short-term inflationary pressures, potentially paving the way for future rate cuts. These developments have turned several key Bitcoin reversal indicators bullish, with BTC’s 21-day moving average now at $85,200.

Cathie Wood to Lead AI Education Initiative in El Salvador

ARK Invest founder Cathie Wood is set to kick off El Salvador’s artificial intelligence (AI) public education program with an inaugural lecture. Announced by the country’s Bitcoin Office, the initiative will provide university-level AI education led by industry experts.

Wood, a strong advocate for Bitcoin and emerging technologies, has previously met with El Salvador’s President Nayib Bukele to discuss the country’s pro-innovation policies. She believes that with the right approach, El Salvador could see its GDP multiply tenfold over the next five years.

Trump Promises U.S. Leadership in Bitcoin as BTC Rebounds from Four-Month Downtrend

Trump Promises U.S. Leadership in Bitcoin as BTC Rebounds from Four-Month Downtrend

Thursday, March 20, 2025 / No Comments

 

Bitcoin breaks four-month downtrend 

Bitcoin breaks four-month downtrend amid bullish momentum and renewed political support. surged past key resistance levels on March 20 as bullish sentiment strengthened following remarks from former U.S. President Donald Trump. Addressing the Blockworks Digital Asset Summit 2025, Trump reaffirmed his commitment to positioning the U.S. as a global leader in cryptocurrency.

Bitcoin Recovers as Trump Reaffirms Pro-Crypto Stance

BTC/USD climbed above $86,000, supported by macroeconomic developments and speculation surrounding upcoming regulatory shifts. Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin reclaimed its 200-day simple moving average (SMA), a crucial indicator during bull markets.

Trump’s speech further bolstered optimism, with the former president pledging not to sell confiscated U.S. Bitcoin holdings and promising to dismantle restrictive policies such as Operation Chokepoint 2.0. However, no details were provided on potential government Bitcoin purchases.

"Together, we will make America the undisputed Bitcoin superpower and the crypto capital of the world," Trump stated during his virtual address.

Technical Breakout Signals Strength

Market analysts highlighted a significant technical shift, with Bitcoin breaking a long-term downtrend on its relative strength index (RSI) for the first time since November 2024. Popular trader and analyst Rekt Capital emphasized the importance of Bitcoin closing above the 200-day exponential moving average (EMA), describing it as a key indicator of investor sentiment.

"Bitcoin has most recently daily closed above the 200 EMA and is now in the process of retesting it as new support," Rekt Capital noted on X.

Macroeconomic Uncertainty Remains

Despite the rally, trading firm QCP Capital cautioned that broader economic risks could still weigh on Bitcoin’s performance. The Federal Reserve’s latest economic projections revealed a downgrade in growth estimates to 1.7% while raising the inflation forecast to 2.8%, raising concerns about stagflation.

“The Fed’s latest dot plot also showed a more hawkish stance, with four officials now expecting no rate cuts in 2025,” QCP Capital stated in a note to clients.

According to data from CME Group’s FedWatch Tool, market participants remain uncertain about the timing of potential rate cuts, with expectations now pushed to June.

As Bitcoin’s price action continues to evolve, investors are watching whether momentum will sustain or if economic uncertainties will dampen enthusiasm.

Bitcoin’s Dip is a Normal Correction, Cycle Peak Still Ahead, Say Analysts

Bitcoin’s Dip is a Normal Correction, Cycle Peak Still Ahead, Say Analysts

Wednesday, March 19, 2025 / No Comments

 

Bitcoin’s recent price drop is nothing out of the ordinary, with analysts calling it a routine market correction rather than the end of the bull cycle. Crypto experts point to macroeconomic factors, including uncertainty around U.S. tariffs and interest rates, as reasons for the slowdown. However, they maintain that Bitcoin’s long-term trajectory remains bullish.

Bitcoin's Price Action:

Bitcoin has dropped 24% from its all-time high of $109,000 on Jan. 20, currently trading at $82,824. Analysts note that similar corrections have occurred in previous market cycles, suggesting this pullback is a natural phase in Bitcoin’s long-term trajectory. 

The market needed to cool off after an overheated rally, says Ben Simpson, CEO of Collective Shift. Nick Forster, founder of Derive, adds that Bitcoin is still in a healthy long-term uptrend: “Historically, Bitcoin sees these corrections before hitting new highs.” While some experts warn of potential short-term volatility, others believe factors like U.S. rate cuts and easing liquidity could drive Bitcoin to new peaks later this year.

83% of Institutions Plan to Increase Crypto Allocations in 2025, Coinbase Report Reveals

83% of Institutions Plan to Increase Crypto Allocations in 2025, Coinbase Report Reveals

Tuesday, March 18, 2025 / No Comments

 

Institutional investors are betting big on crypto, with 83% planning to increase allocations in 2025, according to a new report from Coinbase and EY-Parthenon.

The study, which surveyed over 350 institutional investors, found that nearly three-quarters of firms already hold cryptocurrencies beyond Bitcoin (BTC $82,525) and Ether (ETH $4,238), with XRP (XRP $2.28) and Solana (SOL $125.28) emerging as top choices.

Growing Interest in Altcoins and ETFs

Altcoin holdings could see an even greater boost if U.S. regulators approve long-awaited altcoin ETFs this year. Bloomberg Intelligence analysts predict Litecoin (LTC $89.75), Solana (SOL), and XRP (XRP) are likely to receive early approvals.

The institutional push for crypto investment follows the Chicago Mercantile Exchange’s (CME) launch of Solana futures on March 17, a major step toward mainstream adoption of altcoins.

Stablecoins and DeFi on the Rise

Meanwhile, stablecoins continue to gain traction among institutions, with 84% of respondents either holding or exploring stablecoin investments.

Surveyed firms cited stablecoins' role in foreign exchange (69%), internal cash management (68%), and external payments (63%) as key drivers of adoption.

Decentralized finance (DeFi) is also expected to see a major boom, with institutional use projected to jump from 24% today to nearly 75% in two years. Key DeFi interests include derivatives, staking, lending, and yield farming.

Crypto Market Outlook

With institutional investors increasingly viewing crypto as a top opportunity for risk-adjusted returns, the sector is poised for significant growth.

Stay tuned as regulatory decisions and market trends shape the next phase of institutional crypto adoption.

Today's Crypto Highlights: Pavel Durov's Legal Status, South Korea’s Bitcoin Reserve Stance, and More

Today's Crypto Highlights: Pavel Durov's Legal Status, South Korea’s Bitcoin Reserve Stance, and More

Monday, March 17, 2025 / No Comments

 

Pavel Durov’s Legal Restrictions Temporarily Lifted

French authorities have suspended judicial restrictions on Telegram founder Pavel Durov until April 7, according to a report from Russian news agency TASS. The decision allows Durov to return to Dubai after spending months in France. In a Telegram post, he expressed gratitude to the judges and stated that while the legal process continues, it "feels great to be home."

Bank of Korea Maintains Distance from Bitcoin Reserves

South Korea’s central bank has dismissed speculation about adding Bitcoin to its foreign exchange reserves. In response to an inquiry from Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee, the Bank of Korea confirmed it has not reviewed or discussed the inclusion of Bitcoin, citing concerns over its high volatility and potential liquidity risks during market downturns.

Quantum Computing and Bitcoin Security Debate

Jameson Lopp, Chief Security Officer at Bitcoin custody firm Casa, has voiced concerns over the potential use of quantum computers to recover lost Bitcoin. Lopp argues that such actions would undermine key principles of Bitcoin, including transaction immutability and security. His comments follow a proposal from Tether CEO Paolo Ardoino, who suggested in February that quantum computing could be leveraged to restore lost Bitcoin.

US Bitcoin ETFs End Outflow Streak with $13.3M Inflow

US Bitcoin ETFs End Outflow Streak with $13.3M Inflow

Thursday, March 13, 2025 / No Comments

 

After experiencing significant outflows throughout March, US Bitcoin exchange-traded funds (ETFs) have finally reversed the trend, recording a $13.3 million inflow on March 12. This marks the end of a seven-day streak of withdrawals, as Bitcoin's price edges closer to $85,000 despite ongoing macroeconomic concerns and geopolitical instability.

According to data from Farside Investors, spot Bitcoin ETFs saw $35.4 million in inflows over two days, helping offset the $1.33 billion in outflows that had occurred earlier in the month. Meanwhile, spot Ether ETFs reported a single day of inflows, bringing in $14.6 million on March 4.

Bitcoin ETF Market Activity

Sosovalue data confirmed the $13.3 million inflow on March 12, signaling a temporary halt in the capital exodus from Bitcoin ETFs. The total trading volume for Bitcoin ETFs that day amounted to $2.01 billion, the lowest since February 20. The inflows came from three major Bitcoin funds:

• BlackRock’s iShares Bitcoin Trust (IBIT)
• ARK 21Shares Bitcoin ETF (ARKB)
• Grayscale Bitcoin Mini Trust ETF (BTC)

On the Ethereum side, the only inflow recorded came from the Fidelity Ethereum Fund (FETH), Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), and the Grayscale Ethereum Mini Trust (ETH).

Macroeconomic Pressures and Market Reactions

The ETF outflows have been largely attributed to broader market downturns, geopolitical tensions, and bearish investor sentiment. Factors such as trade wars and macroeconomic uncertainties have contributed to heightened volatility.

Additionally, analysts point to the lack of clarity on former President Donald Trump’s proposed Strategic Bitcoin Reserve Plan, which has led to increased selling pressure despite Bitcoin maintaining levels above $80,000.

Potential Market Volatility Ahead

While the recent inflows suggest renewed investor confidence, market analysts warn that upcoming European Union retaliatory tariffs could introduce further instability, potentially impacting Bitcoin’s price trajectory in the weeks ahead.

Should the US government buy XRP, solana and cardano?

Should the US government buy XRP, solana and cardano?

Tuesday, March 11, 2025 / No Comments

 

President Donald Trump has proposed the inclusion of altcoins such as XRP, Solana (SOL), and Cardano (ADA) in a U.S. strategic cryptocurrency reserve. This announcement has sparked debate among industry leaders regarding the necessity and strategic value of these specific cryptocurrencies. 

While the inclusion of Bitcoin and Ether in the reserve seems justified due to their longstanding dominance and strategic relevance, experts like Anastasia Ulianova argue that additional altcoins may not hold significant value in the U.S.'s commercial or economic landscape. Following Trump's announcement, digital asset prices surged, with XRP increasing by more than 35% and Cardano by over 60%.

 However, blockchain expert Kirill Kretov suggested that the selection criteria might have leaned towards market capitalization instead of technological innovation. Industry reactions have been mixed, with speculations about possible favoritism and concerns over the long-term impact on the market. Despite the initial price surge, the crypto market experienced a significant decline shortly after the announcement, correlating with broader financial market trends.

Today's Crypto Highlights

Today's Crypto Highlights

Saturday, March 1, 2025 / No Comments

 

Ethereum Foundation Announces New Leadership

The Ethereum Foundation has appointed Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors. Wang brings seven years of experience as a researcher at the Foundation, while Stańczak is the founder of Nethermind, a prominent Ethereum execution client. They will assume their roles on March 17, aiming to guide Ethereum through its next growth phase.

President Trump to Host First White House Crypto Summit

On March 7, President Donald Trump will host the inaugural White House Crypto Summit. The event will gather industry leaders, including founders, CEOs, and investors, to discuss regulatory frameworks, stablecoin oversight, and Bitcoin's role in the U.S. financial system. David Sacks, the White House AI and Crypto Czar, will chair the summit, reflecting the administration's commitment to positioning the U.S. as a leader in the crypto space.

CME Group to Launch Solana Futures Contracts

The Chicago Mercantile Exchange (CME) Group has announced plans to introduce Solana (SOL) futures contracts on March 17, pending regulatory approval. These contracts will be available in micro sizes of 25 SOL and standard sizes of 500 SOL, all cash-settled. This addition offers traditional investors broader exposure to the crypto markets and is expected to bring fresh capital into the ecosystem.

Today's Top Crypto Performers: Brett, Virtuals Protocol, Osmosis, and more

Today's Top Crypto Performers: Brett, Virtuals Protocol, Osmosis, and more

Friday, February 21, 2025 / No Comments

As of February 21, 2025, the cryptocurrency market has experienced notable activity. Here's an overview of the top-performing cryptocurrencies:

Brett (BRETT)

Brett, a memecoin on the Base blockchain, has risen in popularity by blending humor and nostalgia. This coin has surged by over 15% due to strong market interest and substantial whale activity. Recently priced at $0.0483, its price stability suggests room for further growth, with a trading volume of $147.36 million. The coin even sponsored the first-ever E1 Monaco 2024 electric boat race, increasing visibility.

Virtuals Protocol (VIRTUAL)

Virtuals Protocol is transforming the digital landscape with AI-driven agents that enhance social, gaming, and virtual world interactions. Their recent buyback-and-burn campaign, aimed at reducing supply, indicates confidence in future growth. The token’s current price is $1.17, reflecting a slight increase.

BTC Bull (BTCBULL)

BTC Bull’s presale has been a massive success, raising over $2 million in its first week. This innovative project offers investors exposure to Bitcoin’s performance alongside meme coin excitement. Priced at $0.00237, BTCBULL’s strong start promises more potential as Bitcoin continues its upward trend.

Osmosis (OSMO)

Osmosis addresses liquidity fragmentation within the Cosmos ecosystem, allowing smooth cross-chain transactions. The token grew 26.46% in January 2025, now trading at around $0.3443. The collaboration with Omnity Network for improved liquidity and expanded trading options is driving more investor interest.

Raydium (RAY)

Raydium is making waves by providing decentralized liquidity to Serum’s Solana-based ecosystem. In December 2024, it handled over $1.82 billion in trades, outpacing Uniswap’s monthly volume. Raydium’s price is currently $4.62, and it continues to show strong trading activity and liquidity growth.