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Bitcoin News
Cryptonews
1w
187
Image Credit: Cryptonews
Bloomberg’s Mike McGlone Predicts BTC Correction to $10k Amid Market Turmoil
- Bloomberg analyst Mike McGlone predicts that Bitcoin (BTC) could correct to $10,000 amid market turmoil and excessive speculation.
- McGlone warns about the misinterpretation of investment products and the overvaluation of Bitcoin, highlighting the speculative nature of the crypto assets.
- He mentions the need for a market cleanse and suggests that Dogecoin (DOGE) should go to zero, mentioning the similarity with the dot-com bubble in the past.
- However, McGlone acknowledges the potential of crypto technology, citing Tether's strength and potential as a widely traded crypto.
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11 Likes
Newsbtc
1w
325
Image Credit: Newsbtc
Long-Term Bitcoin Holders Are Moving Coins—Further Sell-Off Incoming?
- Bitcoin price had a slight rebound after a recent sell-off, but is still down by 3.1% in the past day.
- Massive spike in Exchange Inflow Coin Days Destroyed (CDD) metric indicates potentially large price corrections ahead.
- Bitcoin short-term holder behavior suggests a possible cooling trend as realized prices for short-term investors show a decline.
- Newer holders may be facing losses and could lead to further downside in the market.
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19 Likes
Cryptopotato
1w
332
Image Credit: Cryptopotato
Digital Asset Outflows Hit $240 Million Amid US Trade Tariff Concerns
- Digital asset investment products experienced $240 million in outflows last week, predominantly driven by concerns surrounding US trade tariffs.
- Total assets under management remained steady at $132.6 billion, indicating a slight 0.8% increase.
- Bitcoin accounted for most of the outflows, with $207 million leaving the market, reducing its year-to-date inflows to $1.3 billion.
- Regional outflows were significant, with the US and Germany leading, while Canadian investors took advantage of market volatility by increasing their positions.
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20 Likes
Bitcoinist
1w
238
Image Credit: Bitcoinist
‘Odds Increasing’ Of US Bitcoin Buy In 2025 – Galaxy Analyst
- The likelihood of the United States government purchasing Bitcoin in 2025 is increasing, according to Alex Thorn, the Head of Research at Galaxy Digital.
- Recent comments from the Trump administration and the upcoming deadline for the BTC audit are cited as reasons for the shift in outlook.
- US Treasury Secretary Scott Bessent's remarks about Bitcoin during an interview and the establishment of the US Strategic Bitcoin Reserve (SBR) through executive order are key indicators.
- Discussions are underway regarding the methods and strategies for the government's acquisition of additional Bitcoin, potentially using gold certificates as a means of securing the digital asset.
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14 Likes
Cryptonews
1w
132
Image Credit: Cryptonews
Saylor’s Strategy Pauses Bitcoin Buys, Posts $5.9 Billion Loss
- Strategy (formerly MicroStrategy) holds 528,185 Bitcoin valued at approximately US$40.43 billion.
- The company reported unrealized losses of US$5.91 billion for Q1 ending March 31.
- Bitcoin dropped significantly but recovered slightly to trade at US$79,184.
- Strategy warns that continued market downturn could adversely affect its ability to satisfy its financial obligations.
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7 Likes
Coinjournal
1w
68
Flight to safety? Crypto funds see outflows as investors fret over tariffs
- Crypto ETPs faced $240 million in outflows last week due to US tariffs.
- Bitcoin ETPs were the hardest hit, with $207 million in withdrawals.
- The US led the outflows, followed by Germany.
- Despite the outflows, the cryptocurrency equities market displayed resilience, with blockchain stocks seeing inflows.
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4 Likes
Newsbtc
1w
226
Image Credit: Newsbtc
Short-Term Holders Under Pressure as Bitcoin Slides—Capitulation Coming?
- Bitcoin has dropped by more than 10% over the past two weeks, slipping under $75,000.
- Short-term holders of Bitcoin show signs of stress as the market correction continues.
- The STH-SOPR metric, measuring whether coins moved by recent buyers are being sold at a profit or loss, has not breached extreme levels seen in past correction events.
- If selling pressure among short-term holders intensifies, the market could face further downside pressure.
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13 Likes
Bitcoinist
1w
89
Image Credit: Bitcoinist
Is Bitcoin Bull Cycle Over? This Analyst Thinks Different
- The CEO at on-chain analytics firm CryptoQuant has declared the end of the Bitcoin bull cycle.
- Based on the Realized Cap data, the CEO believes that the lack of price increase despite capital inflows is a bearish signal for Bitcoin.
- However, another analyst argues that the Realized Cap has not witnessed significant drawdowns and continues to rise, indicating investor confidence in Bitcoin.
- The recent crash of almost 7% has brought the price of Bitcoin down to $76,500.
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5 Likes
Bitcoinsensus
1w
196
Image Credit: Bitcoinsensus
Why is ‘Fartcoin’ The Best-Performing Crypto of The Day?
- Fartcoin, a memecoin, surged by 25% despite market turmoil as AI-driven trading models and increased social media mentions fueled speculative investment.
- The token has recovered from a previous dip but remains down 78% from its all-time high in January.
- Predictive algorithms may have influenced Fartcoin's breakout, showcasing the growing influence of AI-driven analysis in cryptocurrency markets.
- Fartcoin's recent rally defied market conditions and made it the best-performing cryptocurrency on CoinMarketCap for the day.
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11 Likes
Newsbtc
1w
35
Image Credit: Newsbtc
Bitcoin Flashes ‘Death Cross’ Amid Tariff-Induced Market Turmoil – Is Further Decline Inevitable?
- US President Donald Trump’s reciprocal tariffs have caused significant downturns in the global equity and cryptocurrency markets.
- Bitcoin (BTC) has declined over 7% in the past 24 hours, and analysts predict further challenges ahead.
- Altcoins like Ethereum (ETH), Solana (SOL), and XRP have experienced even greater declines.
- Some investors see the market turbulence as an opportunity to accumulate more Bitcoin at lower prices.
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2 Likes
Bitcoinsensus
1w
90
Image Credit: Bitcoinsensus
XRP Gets Wall Street Treatment as First Leveraged ETF Secures Greenlight
- Teucrium's XXRP, the first leveraged XRP ETF in the U.S., begins trading.
- The approval of the ETF signals growing institutional interest in cryptocurrency exposure.
- Leveraged crypto ETFs may increase liquidity and trading volume, shaping the market and regulatory discussions.
- XRP's market value increased by 18% after the XXRP ETF announcement.
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5 Likes
Bitcoinsensus
1w
367
Image Credit: Bitcoinsensus
Trump Urges Powell For Rate Cuts, But 75% of Polymarket Bets Say ‘Nay’
- Crypto markets remain volatile as U.S. trade policy uncertainty ripples through global financial systems.
- Key events like inflation data, jobless claims, and bond auctions later this week could determine market stability.
- Donald Trump urges Federal Reserve Chair Jerome Powell to cut interest rates, while Polymarket predicts rates to remain unchanged.
- Investors worry about potential recession in the United States due to trade policy uncertainty and inflationary pressures.
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22 Likes
Coin Telegraph
1w
209
Image Credit: Coin Telegraph
How low can the Bitcoin price go?
- Bitcoin (BTC) fell to a four-month low of $74,500 on April 7, triggered by a global market sell-off due to US President Donald Trump's tariff plans.
- Bitcoin is currently testing a critical technical level, the 50-week exponential moving average (50-week EMA), and must reclaim it to avoid a deeper correction.
- If Bitcoin fails to close back above the 50-week EMA, it may potentially decline towards the $69,000-$70,000 range.
- Historical patterns suggest that if Bitcoin breaks below the 50-week EMA, it may target around $50,000, aligning with the 200-week EMA's current positioning.
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12 Likes
Newsbtc
1w
303
Image Credit: Newsbtc
Crypto Pundit Reveals What Will Happen If XRP Price Does Not Break $2.3
- XRP price is testing a critical resistance level at $2.3 amidst market volatility.
- If XRP successfully breaks through $2.3, it could experience a rapid push towards $3.00 - $3.20.
- Without a decisive breakout above $2.3, XRP's price action is likely to remain confined in a wider consolidation range.
- Analyst Jesse Colombo predicts a potential price crash to $0.6 for XRP due to a Head and Shoulder pattern formation.
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18 Likes
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