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Bitcoin News
Coinjournal
3d
108
Bitcoin unfazed as Asian markets face major sell-off
- Bitcoin traded above $79,000 even as Asian markets faced major sell-off.
- Asian markets experienced significant declines, with Hang Seng Index down 8%, Shanghai down 7%, and Taipei down 9%.
- Major tech stocks like Alibaba and TSMC were among the hardest hit in the sell-off.
- Bitcoin's resilience suggests its potential safe-haven appeal in times of economic uncertainty.
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6 Likes
Newsbtc
4d
56
Image Credit: Newsbtc
Understanding Bitcoin Struggles: Why Realized Cap Indicates A Bear Market
- The current Bitcoin bull cycle may be coming to an end, according to insights from industry experts.
- Realized Cap, a metric that quantifies the actual capital entering the BTC market, indicates a bearish trend.
- Capital is flowing into the market, but prices are not responding positively, signaling a bear market.
- Bitcoin faces key resistance levels at $85,470 and $92,950, with support at $80,450.
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3 Likes
Coin Telegraph
4d
290
Image Credit: Coin Telegraph
Conor McGregor’s token creators to refund bidders after failed launch
- Conor McGregor’s token, REAL, failed to raise above its $1 million minimum requirement.
- Investors who bid on REAL token will receive a full refund.
- REAL token developers, Real World Gaming, stated that all bids will be refunded in full.
- The team only managed to raise $392,315 in USDC over a 28-hour presale, which was less than half of the minimum requirement.
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17 Likes
Crypto-News-Flash
4d
331
Image Credit: Crypto-News-Flash
Bitcoin Is the Best Buy Today, Says Investor Mark Cuban
- Renowned investor Mark Cuban believes that Bitcoin is the best buy today, considering the significant decline in the stock market.
- Cuban suggests that Bitcoin could be the 'best buy right now' due to its long-term impact as companies consider buying back their stocks at cheap prices.
- Cuban's perception of Bitcoin has shifted, positioning it ahead of gold. He sees Bitcoin's divisibility, portability, and ease of international transfers as key advantages.
- Bitcoin is currently in an 'ideal buy zone' according to an analyst after plunging below the $84k support level, and some predict a potential price increase by June.
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19 Likes
NullTX
4d
254
Image Credit: NullTX
Grayscale Seeks SEC Approval for Solana ETF: A Bold Move to Expand Crypto Access
- Grayscale has applied to the SEC to convert its Solana Trust (GSOL) into an ETF on NYSE Arca, aiming to expand access to cryptocurrencies for traditional investors.
- The move to seek an ETF for Solana follows successful launches of Bitcoin and Ethereum ETFs, signaling Grayscale's commitment to mainstream adoption of digital assets.
- While Solana has faced some volatility, its performance and ecosystem position it as a top contender in the blockchain space, boosting its ETF candidacy.
- Excluding staking aligns the proposed Solana ETF with SEC preferences, considering the regulatory stance on products involving staking rewards distribution.
- By complying with SEC guidelines, Grayscale aims to enhance approval prospects for the Solana ETF, leveraging its track record dating back to 2013.
- Solana's speed, low fees, scalability, and traction in DeFi make it a strong ETF candidate, aligned with SEC-approved Bitcoin and Ethereum ETFs.
- A potential Solana ETF approval could signify a major institutional adoption milestone in the crypto industry, providing a regulated access point for investors.
- The Solana ETF proposal reflects Grayscale's strategic move towards regulated investment options in the crypto space, shaping a more accessible environment.
- This step by Grayscale showcases the integration of crypto into traditional financial markets and adds to the ongoing evolution of digital assets in the investment landscape.
- Grayscale's pursuit of a Solana ETF is part of a broader trend towards diversified investment vehicles in crypto, underpinned by regulatory compliance and investor demand.
- The proposed Solana ETF aligns with increasing institutional interest in digital assets, paving the way for potential ETF approvals and enhanced market integration.
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15 Likes
Pymnts
4d
286
Image Credit: Pymnts
Crypto Theft Sees 303% Quarterly Jump After Record Bybit Hack
- Cryptocurrency thefts surged by 303% during the first quarter to $1.67 billion.
- The surge was primarily driven by the historic billion-dollar hack on the Bybit exchange.
- Around 98 of the 197 hacking incidents involved ethereum, making it a popular target for hackers.
- Bybit suffered the largest crypto theft on record, with hackers stealing $1.45 billion worth of digital assets from its ethereum wallet.
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17 Likes
Crypto-News-Flash
4d
121
Image Credit: Crypto-News-Flash
Is Bitcoin Now a True Store of Value? Price Action Suggests Decoupling from Risk Assets
- Bitcoin (BTC) shows resilience as it holds above a crucial support level at $82k while decoupling from the US stock market sell-off.
- Investors pulled $3.25 trillion from the US stock market in a two-day sell-off after President Trump's tariffs announcement.
- Bitcoin recorded significant inflows with $5.4 billion entering the crypto market on April 4.
- Bitcoin's resilience is attributed to rising institutional demand and the market maker's move to take advantage of the lack of fiat liquidity.
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7 Likes
Cryptoticker
4d
392
Image Credit: Cryptoticker
Crypto Market Crash Updates: Will Solana Crash Below $100 as Bitcoin Falls Under $80K?
- Bitcoin and Ethereum have broken key support levels, with Bitcoin falling below $80,000 and Ethereum below $1,700.
- The overall crypto market cap has plunged by 5.38% in a short period, leading to concerns of a market-wide shakeout.
- Solana is at risk of dropping below the $100 mark, with key support levels at $95-$88 and a worst-case scenario at $80 if Bitcoin crashes further.
- Traders should prepare for volatility and closely monitor the $100 zone.
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23 Likes
TheNewsCrypto
4d
258
Image Credit: TheNewsCrypto
Bitcoin Falls Below $80K as Crypto market crash
- Bitcoin fell under $80K as market crashed with $600 million in trade liquidations.
- Stock markets experienced the worst week since 2020.
- New EU tariffs imposed by Trump may lead to a global trade fight.
- Bitcoin's sudden price decline caught traders off guard, resulting in liquidations of leveraged bets.
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15 Likes
Cryptopotato
4d
68
Image Credit: Cryptopotato
Bitcoin Price Crashes Below $80K in Anticipation of ‘Bloody’ Monday Open for Stock Markets
- Bitcoin's price dropped suddenly, falling from just under $83,000 to below $79,000.
- The drop in price resulted in the liquidation of leveraged positions worth nearly $600 million.
- Analyst Jonatan Randing suggests that Bitcoin is approaching a historical support level, but questions if the market is still in a bull phase.
- Traders are preparing for a challenging market open on Monday amid tensions over reciprocal tariffs and the poor performance of major stock indices.
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4 Likes
Coin Telegraph
4d
165
Image Credit: Coin Telegraph
Stablecoins are the best way to ensure US dollar dominance — Web3 CEO
- Stablecoins are the best way to ensure US dollar dominance in global financial markets.
- Cross-border accessibility of dollar-pegged tokens drives US dollar demand.
- Stablecoins offer a tool to combat inflation and support the US dollar's global reserve currency status.
- Tether's significant investment in US Treasury bills demonstrates stablecoin issuers' demand for US debt instruments.
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9 Likes
TronWeekly
4d
186
Image Credit: TronWeekly
SEC Chair Moves to Reevaluate Bitcoin Guidance
- Acting SEC Chair Mark Uyeda has instructed a review of crypto-related regulations, including Bitcoin futures and market disclosure.
- The review seeks to remove rules hindering crypto innovation, potentially leading to more favorable regulations.
- The SEC clarified that stablecoins like USDT and USDC are not securities and must maintain separate operational and reserve funds.
- Paul Atkins, if confirmed as SEC chair, is expected to make it easier to approve crypto-related exchange-traded fund applications.
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11 Likes
Coindoo
4d
93
Image Credit: Coindoo
Crypto Market Plummets: Bitcoin and Ethereum Hit Multi-Month Lows
- Bitcoin hits 5-month low, trading at $80,700, impacting market capitalization at $1.6 trillion.
- Ethereum slides to 15-month low at $16.80, marking a valuation of $202 billion.
- XRP drops by 4% to $2.03, contributing to the overall market sentiment.
- Crypto market faces major declines, with Bitcoin and Ethereum at multi-month lows.
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5 Likes
Bitcoinist
4d
68
Image Credit: Bitcoinist
Bitcoin Looks Stronger When Measured Against Equities’ Decline – Insights
- Bitcoin is facing critical selling pressure amid ongoing macroeconomic uncertainty, with bulls unable to reclaim the $90,000 level and bears repeatedly failing to break below the $81,000 support.
- Some analysts argue that Bitcoin's performance looks stronger when measured against the decline in equities, as it is now down less than 10% from its all-time highs, suggesting underlying resilience.
- Bitcoin is currently holding strong above critical demand levels, showing relative stability despite intense volatility in global financial markets.
- BTC is consolidating between the $81,000 support and the $88,000 resistance level, with the $90,000 level being crucial for a potential recovery rally.
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4 Likes
Zycrypto
4d
137
Image Credit: Zycrypto
Arthur Hayes Explains How the FED Could Send Bitcoin to $1 Million
- Former BitMEX co-founder Arthur Hayes believes that the Federal Reserve's monetary policy could drive Bitcoin to $1 million per coin.
- Hayes states that Bitcoin's value is mainly determined by global fiat liquidity, with its price action increasingly tied to central bank policies.
- He emphasizes that a change in Fed Chair Jerome Powell's recent statements suggests a shifting monetary landscape, making him 'extremely bullish' on crypto's trajectory.
- Hayes previously predicted a $1 million Bitcoin price, but notes that it could also be $660,000, $500,000, or some other round number.
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