Pi Network (PI) could be on the recovery path alongside Bitcoin (BTC), with past $1 highs now back in focus as early as this week. The post Can Pi Network Hit $1 This Week? Bitcoin's Strength Might Be the Key appeared first on Cryptonews.

Bitcoin's price seems to be steadily rising during today's session, but there is some pressure building just above the current levels.

As China tightens its grip on crypto-related activity, local authorities are reportedly struggling to handle one particular issue: what to do with the growing stockpile of digital assets seized from criminal cases.

As global financial markets absorb the impact of renewed trade tensions and rising interest rates, QCP Capital notes a critical shift in the Federal Reserve's focus away from inflation and toward recession risk. What Happened: In its commentary published on Wednesday, the Singapore-based trading firm said signs of a Fed pivot are emerging, yet Bitcoin (CRYPTO: BTC) has failed to behave like a safe-haven asset in this evolving macro landscape.

A recent Reuters report reveals that China holds 15,000 bitcoin ( BTC) confiscated through criminal investigations. However, officials are currently entangled in deliberations over how to handle these digital assets, as cryptocurrency trading remains prohibited in the country.

TL;DR Bitcoin Pulls Back: Bitcoin dips below $84K from a recent peak near $84,200, with the broader crypto market contracting by about 2.2% in the last 24 hours.

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

VanEck's head of research has pitched a new type of US Treasury bond partially backed by Bitcoin to help refinance $14 trillion in US debt.Matthew Sigel pitched the concept of “BitBonds” — US Treasury bonds with exposure to Bitcoin (BTC) — at the Strategic Bitcoin Reserve Summit 2025 on April 15. The new 10-year bonds would be composed of 90% US traditional debt and 10% BTC exposure, Sigel said, appealing to both the US Treasury and global investors.

SHIB and XRP are both testing historically significant support zones, with technical indicators hinting at a potential shift in momentum as traders watch for key breakout levels to confirm a trend reversal. Shiba Inu (SHIB) is currently trading at $0.

The Bitcoin open interest has remained on the high side despite the price declines, suggesting that interest in the leading cryptocurrency by market cap remains abundant. This interest is no doubt a good thing for the crypto market, especially in the long-term.

Bitcoin's (CRYPTO: BTC) continued dominance over the crypto market is setting the stage for a potential rally to new highs, with traders eyeing $93,000 in the near term. What Happened: In a podcast published on Tuesday, crypto analyst Benjamin Cowen emphasized that Bitcoin dominance is surging, breaking out of a multi-year wedge and currently sitting at 63.08%, or nearly 69% excluding stablecoins.

Chinese local governments are selling seized cryptocurrency through private firms to boost finances, despite the country's ban on crypto trading.

Since the start of April, XRP whales have been on a selling spree, offloading over 370 million tokens as the asset attempts to stabilize above the $2 mark.

TL;DR Hybrid Financing Innovation: VanEck introduces BitBonds—a 10-year debt instrument combining 90% U.S. Treasury bonds with 10% Bitcoin exposure—to tackle the U.S. government's $14 trillion refinancing need. Investor Upside with Controlled Risk: VanEck's BitBonds offers investors shared gains if Bitcoin's performance drives yields above a 4.5% cap, while the Treasury component helps mitigate downside risks.

China has its sights on a mass sale of a cache of Bitcoins confiscated from illicit activities, threatening to sink prices in the short term. Chinese authorities are sitting on 15,000 Bitcoin, sparking debates over the handling of seized cryptocurrencies.

An analyst at a prominent global investment firm thinks Bitcoin (BTC) could surge to $180,000 in the second half of 2025. Matthew Sigel, the head of digital assets research at VanEck, says in a new interview with David Lin that his target is based on an analysis of previous BTC cycles.

Oklahoma has officially exited the race to establish a Strategic Bitcoin Reserve (SBR) after a key bill failed to advance in the State Senate. On April 15, the Oklahoma Senate Revenue and Taxation Committee voted 6-5 to strike down House Bill 1203, also known as the Strategic Bitcoin Reserve Act.

Cryptocurrencies, including XRP, are down in the early Wednesday session as fresh selling pressure emerged on the markets. Bitcoin (BTC) and major cryptocurrencies dipped over 3% as profit-taking ensued after Tuesday's rally.

A Bitcoin Policy Institute (BPI) executive floated a $1 million Bitcoin price scenario if the United States were to buy 1 million BTC. In a Bitcoin Magazine podcast, Zach Shapiro, the head of policy for the Bitcoin-focused BPI think tank, said that a 1 million Bitcoin (BTC) purchase by the US would have a massive impact on the price of the asset.

Gold prices have surpassed $3,300 per ounce, setting a historic high as global markets face heightened volatility.

Antpool transferred over 2,009 Bitcoin to unknown wallets, raising concerns about potential miner selling pressure.

XRP's first leveraged ETF debuts in the US, while platforms like XY Miners offer a stable way to profit through AI-powered cloud mining. #pressrelease

By Francisco Rodrigues (All times ET unless indicated otherwise)

Bitcoin miners are ramping up sales, adding pressure to prices, while large investors remain hesitant amid ongoing bearish conditions.

ProShares targets April 30 for XRP futures ETF launch as analysts predict spot XRP ETF approval may follow soon due to rising market depth.

A Bitcoin whale that was in hibernation for two years has come back to life and immediately went to buy some BTC.

Semler Scientific plans to buy more Bitcoins with its $500 million offering. The healthcare tech firm also disclosed a $30 million settlement with the US DOJ.

Semler Scientific, a healthcare technology firm, has reported significant paper losses on its Bitcoin investments, amounting to approximately $41.8 million since Dec. 31, 2022.

The altcoins underperformed relative to the broader market in today's trading, despite some encouraging recent news emerging for the Solana ecosystem.

While uncertainty reigns in the markets and regulators tighten the noose, BlackRock continues its crypto strategy without faltering. The American asset manager has just injected an additional 37 million dollars into bitcoin through its IBIT fund.

TL;DR Bitcoin Miners under Pressure: Rising operational costs and declining BTC prices force Bitcoin miners to sell significant BTC reserves to cover expenses. Massive Sell-Off: On April 7, Bitcoin miners unloaded 15,000 BTC—valued at a minimum of $1.12 billion—marking the third-largest daily outflow this year.

XRP ranked higher on the altcoin ETF race with 10 applications, followed by SOL and Litecoin.

As the XRP price climbs back above the crucial $2 mark, reflecting a 20% surge over the past week, market analysts are increasingly optimistic about the token's recovery and potential for setting new all-time highs (ATHs). Expert analyst Maelius recently shared insights on social media platform X (formerly Twitter), suggesting that the current market dynamics support a bullish outlook for the XRP price.

Gold continues to chart new all-time highs.

VanEck's Matthew Sigel has proposed a Bitcoin-backed bond product called BitBonds to help the US refinance $14 trillion in debt.

Oklahoma's bill proposed allocating 10% various state of funds into eligible cryptocurrencies.

A recent post by crypto analyst Axel Adler Jr sheds light on Bitcoin's current market health using the Pareto Principle. His analysis shows that 80% of the network's coins are still in profit, while 20% are at a loss.

While Bitcoin has continued in its current corrective phase, the prices of gold and silver have headed strongly in the opposite direction. Gold has now surpassed $3,300, and silver is above $33.

Bitcoin's (BTC) on-chain metrics are flashing a key signal once again, as the short-term holder (STH) MVRV ratio fell to 0.82 — a level historically associated with market stress and capitulation, according to Glassnode data.

Bitcoin has been facing consistent struggles over the past few months, with recent attempts at recovery falling short of expectations.

April 16, 2025 – Today marks a potentially pivotal moment in the crypto market as two high-stakes events unfold: the long-awaited conclusion of the Ripple vs SEC lawsuit and a key speech by Federal Reserve Chair Jerome Powell. Together, these developments could significantly influence investor sentiment and shape the near-term direction of crypto assets.

Bitcoin's (CRYPTO: BTC) comparative underperformance against gold so far this year may soon flip, with crypto veteran Anthony Pompliano asserting that historical trends point to a coming surge in Bitcoin returns. What Happened: Speaking on CNBC's Squawk Box on Tuesday, the founder and CEO of Professional Capital Management said the digital asset is "acting like it wants to go higher" and is likely to leave gold behind in the coming months.

The tariffs started by President Trump also have various side effects. One of them comes in the form of BTC mining machines.

April 16, 2025 10:09:21 UTC Federal Reserve Chair Powell to Address Economy, Inflation Today Federal Reserve Chair Jerome Powell will speak today at 11:30 AM ET, discussing inflation data and economic prospects. His remarks come amid rising market volatility driven by U.S. tariffs and inflation concerns.

Cardano (ADA -6.17%) might have a significant lead in a domain that most other cryptocurrencies are only starting to think about. That domain pertains to a certain risk that could crack the cryptography that protects today's blockchains from intruders, hackers, and other bad actors.

The XRP ETF narrative just gained serious traction as a key industry voice has stepped forward with a clear signal — approval for a spot XRP ETF may not just be likely, but imminent.

On Mar. 6, 2025, an executive order set up the U.S. Strategic Bitcoin Reserve. The order prohibits the government from selling bitcoins or buying more using taxpayers' money.

Cardano (ADA) fell to $0.51 before recovering on April 7. The altcoin is trading below the moving average lines on the daily chart but above the $0.51 support.