TL;DR Tariff Shock Impact: President Trump's tariffs triggered a severe sell-off in Bitcoin ETFs, leading to $99.86M in net outflows as notable funds like Grayscale, Bitwise, and Fidelity experienced significant withdrawals. BlackRock's Standout: While most funds faced outflows, BlackRock's IBIT attracted $65.25M in inflows, showcasing investor confidence in its stability amid market turbulence.
The Bitcoin market continues to look somewhat flat, which could be thought of as a good thing, considering almost everything else is essentially on fire. At this point, its impressive for Bitcoin to simply be quiet in these turbulent times.
Hayes sees Trump's tariffs forcing central banks to restart money printing, and predicts this will send Bitcoin soaring to new highs.
Bitcoin is under pressure, dropping to $81K as market uncertainty rises. After hitting $88K earlier this week, it's now facing heavy selling, mirroring stock market turbulence after Trump's tariff announcement. The altcoin market has taken a $50 billion hit, with ETH, SOL, and BNB struggling while DOGE and TRX show slight recovery.
While the markets have reacted poorly to the Trump Administration's enactment of a new series of tariffs, some analysts have considered the idea of all of this being part of a master plan to secure bitcoin at lower prices for the strategic bitcoin reserve.
Welcome to the US Morning Crypto Briefing—your essential rundown of the most important developments in crypto for the day ahead.
A series of Bitcoin transfers from wallets linked to the Bhutanese government has caught the attention of cryptocurrency watchers. According to blockchain data from Arkham, addresses tied to Druk Holdings, the commercial arm of Bhutan's government, moved 419.5 Bitcoin worth approximately $34.51 million to an unidentified address on April 2.
Bitcoin (CRYPTO: BTC) is increasingly demonstrating a dual identity—mirroring the performance of high-growth tech stocks while simultaneously acting as a hedge against broader financial uncertainty, according to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered. In a market note shared with Benzinga on Friday, Kendrick highlighted recent trading behavior that shows Bitcoin aligning with top technology stocks, particularly Microsoft (NASDAQ:MSFT), while also offering protection during macroeconomic stress.
Global markets are on edge as China slams the U.S. with a 34% tariff, sending shockwaves through Wall Street and crypto. Bitcoin, which had recently shown signs of recovery, climbing above $84K, took a hit as Nasdaq futures plunged further. Bitcoin slipped from $84,600 to $83,000, however the drop isn't as sharp as expected.
Standard Chartered has predicted that Bitcoin (BTC) will likely break above $88,500 this weekend following a strong performance in the tech sector.
Bitcoin recently saw a major unstaking event, long-term holders' movement, and looming Bitcoin options expirations, all contributing to potential price volatility.
Short-term value buyers emerge while long-term holders show growing conviction despite market volatility.
The cryptocurrency derivatives market might see some volatility caused by the April 4 options expiry event with Bitcoin and Ethereum at the forefront. Approximately 26,000 Bitcoin options with a notional value of $2.02 billion expired, according to data.
Bitcoin's recent market behavior is drawing comparisons to high-growth tech stocks rather than to traditional safe-haven assets like gold, according to analysts at Swiss crypto bank Sygnum. The post Sygnum Bank Analysts Compare Bitcoin Price Action To Tech Stock, Not Digital Gold appeared first on Cryptonews.
Bitcoin, navigating a $2.85 trillion crypto market, faces turbulence. According to Charles Edwards of Capriole Investments, President Donald Trump announced global reciprocal trade tariffs, triggering an 8.5% single-day drop in Bitcoin's price.
US President Donald Trump's latest tariff announcements have sparked diverse reactions in the financial markets, with Bitcoin price poised for a significant surge. The crypto market is showing significant signs of resilience as traders downplay fears surrounding the tariffs.
A closely followed crypto strategist believes that one Ethereum (ETH) competitor may have reached a local bottom amid a broad market sell-off. Pseudonymous analyst Inmortal tells his 231,100 followers on the social media platform X that Solana (SOL) may be presenting a rare buying opportunity after hitting the 24-hour low of $112.
TL;DR Tariff Turmoil Sparks Market Volatility: U.S. tariffs, including a 10% blanket rate and higher levies on China, the EU, and Japan, have triggered historic market drops, notably a 1,060-point fall in the Nasdaq 100. Bitcoin's Bullish Outlook: Arthur Hayes predicts Bitcoin will shine as a hedge against inflation—bolstered by a weakening U.S.
Two prominent voices in crypto investing—Arthur Hayes and Dan Tapiero—are framing the latest wave of U.S. tariffs as a symptom of deeper structural issues in the global financial system, arguing that Bitcoin (CRYPTO: BTC) may stand to benefit from the resulting distortions. The comments come amid heightened trade tensions following sweeping tariff announcements by the U.S., intended to counter foreign exchange manipulation, persistent trade deficits, and sluggish domestic growth.
A British woman is grappling with the devastating loss of a fortune after mistakenly discarding her husband's flash drive, which contained Bitcoin worth approximately $3.8 million.
This innovative feature is sparking excitement among players. It blends the thrill of gaming with the fast-paced world of crypto.
Bitcoin (BTC) traded just mostly under $82,000 on Thursday following a strong price rejection around $88,400 late Wednesday, after President Donald Trump's announcement of new tariffs introduced significant volatility across global financial markets, including cryptocurrencies.
The new trade tariffs announced by US President Donald Trump may place added pressure on the Bitcoin mining ecosystem both domestically and globally, according to one industry executive.While the US is home to Bitcoin (BTC) mining manufacturing firms such as Auradine, it's still “not possible to make the whole supply chain, including materials, US-based,” Kristian Csepcsar, chief marketing officer at BTC mining tech provider Braiins, told Cointelegraph. On April 2, Trump announced sweeping tariffs, imposing a 10% tariff on all countries that export to the US and introducing “reciprocal” levies targeting America's key trading partners.
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Jack Dorsey, CEO of Block and former CEO of Twitter (Now X), has cautioned that Bitcoin may risk losing relevance if it remains solely a store of value.
A new report from Glassnode reveals an interesting shift in crypto investment trends. While Bitcoin struggles to maintain bullish momentum, XRP has become a hotspot for retail investors. Since 2022, active XRP wallets have surged by 490% compared to Bitcoin's modest 10% rise.
President Donald Trump's new tariffs have caused a stir in the financial market amid current sideways trading. Barely hours after the announcement, Bitcoin (BTC) and other assets recorded setbacks, lowering trader confidence.
Samson Mow, Bitcoin maximalist and CEO at the JAN3 company focused on helping nation-states to adopt BTC, has taken to the X social media network to comment on the current price surge demonstrated by the world's leading digital currency today.
Crypto Prices Today (April 4): The broader market sentiment remains uncertain this Friday as Bitcoin (BTC) price held around the previous day's levels, at $83K. Moving on to other metrics, the global cryptocurrency market cap jumped slightly by 0.20% to $2.6 trillion.
Independent market sentiment tracker the “Crypto Fear & Greed Index” has moved to “Fear,” an improvement from yesterday's “Extreme Fear."
China announced retaliatory tariffs on all goods, worsening risk sentiment during European hours.
Analysts are warning the bitcoin price could be headed into a “crisis scenario"
Bitcoin slipped under $82,000 support and the Nasdaq Composite is on track for the biggest one-day percentage drop since March 2020. Stock and crypto traders are reeling from the aftermath of the U.S. President Donald Trump's Liberation Day.
Thursday, April 3, was a pretty rough day for the markets. Trade tariffs of an unprecedented scale sent shockwaves through equities, commodities and crypto markets.
Bitcoin Magazine Bitwise Debuts Option Income ETFs on Bitcoin Treasury Stocks: MSTR, MARA, COIN Bitwise launches ETFs offering covered call income on Bitcoin-linked stocks—MSTR, MARA, and COIN—designed for yield without losing BTC upside. This post Bitwise Debuts Option Income ETFs on Bitcoin Treasury Stocks: MSTR, MARA, COIN first appeared on Bitcoin Magazine and is written by Nick Ward.
Yesterday, in the traditional financial markets, it was a tragic day due to the new tariffs imposed by the USA on other countries, but not for Bitcoin. The possible explanation for this difference is promising for the coming months.
Arthur Hayes said that even if US stocks continue falling in reaction to tariffs, Bitcoin would continue to climb higher. The post BitMEX Co-founder Arthur Hayes ‘Loves Tariffs,' Says This Is Good for Bitcoin appeared first on Cryptonews.
Since February when officially announced his aggressive tariff plan, the US economy has been in a turbulent state. At the start of that month, the S&P market was at $5,969.58. Since then, the market has declined by at least 9.5%. Similarly, the Nasdaq 100 index has dropped by over 12.14%.
Given its strong retail-driven demand, could XRP emerge as a key asset to watch in Q2?
The value locked in Bitcoin-based decentralized finance (BTCFi) has surged by more than 2,700% over the past year, potentially transforming Bitcoin from a passive store of value into a productive, yield-bearing asset, according to new research from Binance. BTCFi is a new technological paradigm that aims to bring decentralized finance capabilities to Bitcoin's base layer.
In an Asia that is racing ever faster towards the adoption of cryptocurrencies, a new initiative is capturing the attention of investors and meme enthusiasts: the famous website 9GAG has announced the launch of “MemeStrategy”, a new company that aims to merge humor and investments in Bitcoin. A curious idea, but not surprising for those who know the role of memes in crypto culture. Meanwhile, the allocation of a bonus of 3.5 million dollars to a CEO imprisoned in South Korea is causing a stir. A scenario in which innovation, satire, and controversies intertwine, outlining the contours of an ecosystem rich in contradictions.
An absolute bloodbath ensued on Thursday as the market reacted to President Trump's reciprocal tariffs announcement. The S&P 500 closed down nearly 5% lower, while the Nasdaq dropped nearly 6%.
As the biggest and most popular cryptocurrency, it's a surprise to nobody that Bitcoin (BTC 1.11%) is subjected to all sorts of different trends, pressures, risks, and influences. It's easy to assume that all of the biggest factors that determine its price are already common knowledge.
Despite steep declines in U.S. equities, bitcoin shows surprising strength, holding above key technical levels.
More than $21 million worth of Bitcoin was unstaked from the Babylon protocol in the 24 hours after the platform's token airdrop, according to blockchain data shared by a developer.On April 4, Bitfeed developer Mononaut shared that in the previous 24 hours, 256 Bitcoin (BTC) had been unstaked from the staking protocol. Mononaut said that the unstaking transactions paid 1.35 BTC in fees and consumed 1.318 Megavirtualbytes (MvB) of blockspace.
Babylon Foundation announces 600 million BABY token airdrop primarily rewarding early Bitcoin stakers, with tokens serving governance and security functions on its new blockchain.
Following President Donald Trump's “Liberation Day” tariff announcement on April 2, recession probabilities have spiked across leading economic trackers, putting Bitcoin on high alert. Kalshi's prediction markets now stand at 53%, an 8.1% jump from prior estimates, and Polymarket's odds have surged to 54%.
Arthur Hayes, co-founder and former CEO of the cryptocurrency exchange Bitmex, expressed his support for tariffs in a recent social media post, stating that they can help correct global imbalances and benefit bitcoin ( BTC) and gold in the medium term. Hayes noted that the weakening U.S. dollar, driven by foreign investors selling U.S.