Bitcoin's (CRYPTO: BTC) recent price slide has become more than just a correction, now reflecting a deep contraction in capital inflows, liquidity and investor sentiment, according to new on-chain data from analytics firm Glassnode. What Happened: The firm's report released on Wednesday identifies $93,000 as a critical threshold that must be reclaimed to re-establish bullish momentum in the market.
Investment firm Bitwise has reaffirmed its prediction that Bitcoin could reach $200,000 by the end of 2025, despite ongoing global trade tensions.
Bitcoin (BTC) holders can survive the recent drawdown, with support levels at $72,000 and $65,000 based on previous market average prices. In the short term, BTC may still revisit a lower range under $80,000.
Bitwise chief investment officer Matt Hougan is still bullish on Bitcoin (BTC) despite the tariff-induced fragility across global markets. Hougan says in a new interview with Scott Melker that BTC is the “canary in the coal mine” and has been leading the market for the past 4-5 months.
Binance experienced strong inflows of 22,106 BTC to its reserves.
TL;DR $200K Target Amid Tariff Fallout: Bitwise backs its $200K Bitcoin price target for 2025, believing Trump's tariff policies will weaken the U.S. dollar and fuel Bitcoin's ascent.
On April 10, 2025, the Chinese yuan (CNY) hit its lowest level in 18 years against the US dollar (USD) amid escalating tensions in the ongoing trade war between the two global economic giants.
Bitcoin is attempting to hold above $82k, while altcoins like Fartcoin, Flare, and Bittensor led the charge among top gainers. Ethereum, XRP and Solana all saw notable gains in the past 24 hours. Currently, the total crypto market cap sits near $2.6 trillion.
VanEck reports that China and Russia are settling some energy trades using Bitcoin, highlighting a growing trend of de-dollarization and Bitcoin's emerging role as a neutral settlement layer in global trade. The post VanEck Confirms China and Russia Settling Energy Trades in Bitcoin appeared first on Cryptonews.
Pakistan is taking significant steps to harness its surplus electricity by channeling it into Bitcoin (BTC) mining and artificial intelligence (AI) data centers. This marks a strategic pivot toward integrating cryptocurrency into its economic framework.
Trump's decision to pause on its aggressive tariffs for some nations has improved the sentiment in the broader crypto market. Compared to an extreme fear level of 18 on Wednesday, the fear & greed index is now at 39. Even so, buyers are still hesitant to place huge bets on their preferred majors.
President Donald Trump has reversed country-specific tariffs after a financial meltdown. Bitcoin (BTC) recovered following the announcement as bulls look to regain lost ground.
As financial institutions, corporations, and governments increasingly began to adopt Bitcoin, some observers of the crypto market started to question whether the four-year cycle model typically applied to Bitcoin is still relevant.
Despite escalating U.S.-China trade tensions, Bitcoin, Ethereum, and Solana posted strong gains amid investor confidence.
Bitcoin investors recorded heavy losses this week following the largest long position liquidation in the current bull market. On April 6, more than 7,500 BTC with a value exceeding $500 million were erased across prominent trading exchanges as prices dropped from $83,000 to $74,000.
Pakistan is planning to redirect surplus electricity from its national grid to its Bitcoin mining strategy (and AI data centers). The government has strategically appointed Binance's founder, Chanpeng Zhao (CZ), to its crypto council to provide a helping hand.
XRP price has surged nearly 10% today, indicating a renewed market interest in Ripple's native asset. Notably, the robust surge comes amid a broader crypto market recovery and several other positive developments like the successful ETF launch in the US.
On Tuesday, investors yanked substantial amounts from the U.S.-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) as macroeconomic uncertainties cast a shadow over the cryptocurrency's price prospects.
Bitcoin (BTC 5.89%) soared to an all-time high of $106,182 per coin in January. With the fourth Bitcoin halving firmly in the rearview mirror and a more crypto-friendly regime in the White House, the original cryptocurrency looked ready to skyrocket like it did in 2020 and 2017.
In a written inquiry to Minister of Finance Elisabeth Svantesson, MP Rickard Nordin asked about the possibility of including bitcoin as part of Sweden's foreign reserves. Nordin also proposed funding it with bitcoin seized by police and customs authorities.
In a tweet published earlier today, on-chain data aggregator IntoTheBlock shared some good news for Bitcoin investors, highlighting their persistence in holding and the resilience of BTC as an asset, demonstrated recently, while the markets were being shaken by the U.S.'s trade tariff foreign policy.
Bitcoin (BTC) risks becoming part of a “classic bull trap” when the US-China trade war takes its next step, analysis warns.In its latest bulletin to Telegram channel subscribers on April 10, trading firm QCP Capital cautioned over the latest crypto price rebound. QCP: Chinese “countermeasures” may leave crypto bulls stranded Bitcoin and altcoins joined global stock markets in rallying over the past 24 hours thanks to a decision by US President Donald Trump to pause many of his new trade tariffs.
Crypto analyst Ali Martinez used the Mayer Multiple to predict that Bitcoin could skyrocket to $208K if it breaks above $86,900.
In recent days, there have been significant capital outflows from spot Bitcoin ETFs. Despite this, however, it is not a record-breaking outflow, neither in terms of volume nor duration.
Ethereum price is in a steep downward trend and could be nearing a make-or-break level as concerns about its network remains. ETH is in its fifth consecutive month in the red, and is now hovering at its lowest level since February 2020. It has plunged by over 87% from its all-time high.
From the absolute bottom to the top on Wednesday, Bitcoin recovered $9,000. This was as President Trump announced a 90-day pause in his imposition of tariffs.
Over the past decade, issuance of Tether's USDt (USDT) has consistently mirrored Bitcoin (BTC) price cycles, with mints often clustering around bull runs and burns following corrections.Data from Whale Alert shows the relation between USDT issuance and Bitcoin price movements by plotting Tether's net minting and burning alongside the price of Bitcoin from 2015 to early 2025. While many in the industry have long speculated about the correlation between USDT supply and BTC performance, this data set provides a clearer timeline for evaluating that relationship.
The global crypto market has jumped 6.7% in the last 24 hours after President Donald Trump announced a 90-day pause in tariffs, giving a moment of relief for the investors. Despite this crypto market is still struggling in the ETF sector as U.S listed Bitcoin and Ethereum ETF products continue to see outflows.
Jack Dorsey, a cryptocurrency entrepreneur and former Twitter CEO, is encouraging Signal Messenger to integrate Bitcoin for peer-to-peer (P2P) payments, a move that could shift the platform's crypto strategy away from altcoins.“Signal should use Bitcoin for P2P payments,” Dorsey wrote on X on April 9, replying to a post by Bitcoin developer Calle, who suggested that Bitcoin (BTC) would be a perfect fit for Signal's private communication channel.
Warren Buffett, Chairman and CEO of Berkshire Hathaway, has once again drawn global attention. His firm now holds a record-breaking $334 billion cash balance—the largest amount ever recorded for a publicly traded company.
With the latest round of global trade policies rolling out, miners are scrambling to import rigs. From China, Malaysia, Thailand, and other regions ahead of the steep costs.
Pakistan plans to use extra electricity for the country's Bitcoin mining and AI data center operations. Former Binance CEO CZ joined as a strategic adviser in the Pakistan Crypto Council.
Legendary trader Peter Brandt has shared a new take on the current state of Bitcoin (BTC) after a wild swing from earlier in the week. On his X account, Brandt said Bitcoin's recent decline is simply a retest of the inverse Heads and Shoulders pattern.
With a notable rise in the Bitcoin price, the market participants seem to have turned hopeful of the upcoming trend. Moreover, the whales have also tuned optimistic, which may have a positive impact on the rally. The crypto markets required a small bullish boost, which seems to have come in the form of tariff relaxations.
Westpac CEO apologizes after freezing customer's $30,000 Bitcoin transfer and accounts for a week, highlighting tensions between banking and crypto investments.
Charles Hoskinson, founder of Cardano and co-creator of Ethereum, told CNBC that Bitcoin could hit $250,000 either by the end of 2025 or possibly even before the year is out.
The tariff war, initiated by President Trump, escalated quickly. However, with a 90-day tariff pause, financial markets recovered swiftly.
As global markets reel from Trump's new “Liberation Day” tariffs and a sudden liquidity crunch, the crypto market is undergoing one of its most severe drawdowns since 2020. While Bitcoin has managed to hold relatively better ground, Ethereum is facing sharper losses.
Despite mounting global trade tensions and economic uncertainty, institutional crypto investment firm Bitwise remains confident in its bold year-end Bitcoin forecast. The post Bitwise Sticks to $200K Bitcoin Price Target Despite Rising Global Tensions appeared first on Cryptonews.
Bitcoin price has bounced back from the lows of under $75,000 and is currently trading 6.08% up above $82,000 levels with 34% surge in daily trading volumes. This comes as President Donald Trump delayed tariff implementation by 90-day on several nations, leading to a sharp 10% upside print in the Nasdaq index.
Bitcoin jumps 7% to $82,000 as Trump pauses tariffs for most nations except China, while the broader crypto market follows suit.
The financial markets experienced one of the most important days of the year yesterday, after President Donald Trump decided to temporarily suspend the increase in tariffs on imports from all countries, except for China, for which the levy was increased to a significant 125%. A move that led to a wave of relief not only in the stock markets but also in the cryptocurrency sector, pushing Bitcoin (BTC) and other major tokens to spectacular bull rallies. The most capitalized cryptocurrency in the market recorded an impressive surge, reaching almost $82,000. This upward move led the entire cryptocurrency market, pushing other digital currencies to double-digit gains. In particular, XRP and Ethereum (ETH) rose by 12%, while Cardano (ADA), Solana (SOL), BNB, and Dogecoin (DOGE) saw an average increase of 10%.
The total crypto market cap is up by over $100 billion daily.
A volume drop of such magnitude suggests traders and investors are losing interest or confidence, possibly due to uncertainty, fear, or waiting for better conditions.
The global financial market got a much-needed relief after U.S. President Donald Trump announced a 90-day pause on import duties for most countries, except China. Following the news, Bitcoin's price shot up by 7% in a single day, reaching $82,000, while other U.S. stocks & mining firms even joined the rally.
Institutional crypto investment firm VanEck has stated that China and Russia are reportedly settling some energy transactions in Bitcoin.
Bitcoin is making headlines not just for its price movement but for what's happening behind the scenes. In the days leading up to the U.S. Consumer Price Index (CPI) release on April 10, crypto investors have moved a huge amount of Bitcoin over 22,000 BTC worth $1.82 billion into Binance.
Cardano founder Charles Hoskinson says Bitcoin could reach $250,000 by this year or next, driven by big tech adoption and clearer crypto regulations. The post Charles Hoskinson Predicts Bitcoin Could Hit $250,000 as Tech Giants Eye Stablecoins appeared first on Cryptonews.