Day: April 23, 2025

Bitcoin Flips Silver and Amazon as BTC Price Eyes $95,000

Key Notes Bitcoin surpassed silver and Amazon, becoming the sixth most valuable asset in the world, with a market capitalization of $1.846 trillion. BTC’s recent surge aligns with Arthur Hayes’ prediction that it will retest $110,000 soon. Despite criticisms, corporate investors continue accumulating Bitcoin as a treasury reserve asset. Bitcoin BTC $93 597 24h volatility: 5.9% Market cap: $1.86 T Vol. 24h: $58.94 B surged past Silver and Amazon, becoming the sixth most valuable asset in the world. The cryptocurrency reached a price of $94,311, marking a 6.63% increase in…

$635M liquidated in 24H as trader predicts $100K Bitcoin short squeeze

Crypto markets have faced a wave of liquidations over the past 24 hours, with total losses reaching $635.9 million, according to market data. Most of the liquidations (over $560 million) came from short positions, signaling growing pressure on bearish traders. Bitcoin (BTC) led the liquidation charts, with $293 million in short positions wiped out as BTC surged past $94,000, marking a 6.29% gain within one day, according to CoinGlass data. Ether (ETH) followed, with over $109 million in short liquidations as its price climbed nearly 10% to $1,787. Data from…

XRP, Pi Network prices jump with Bitcoin nearing $95k

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XRP and PI rallied, rising 8.83% and 6.5% respectively, amid growing optimism around XRP’s ETF prospects and Pi Network’s mainnet progress. The crypto market is showing early signs of recovery, with Ripple’s XRP (XRP) up 8.83% and Pi Network’s PI (PI) token gaining 6.5% on Wednesday, as Bitcoin (BTC) continues its climb toward the $95,000 level. Part of the renewed attention around XRP may relate to recent comments from Teucrium CEO Sal Gilbertie, who spoke with Bloomberg about the token’s real-world applications. Calling XRP a coin with the “most utility…

Whales Continue to Accumulate Ethereum, ETH Rally Ahead?

Key Notes ETH surged to $1,787, gaining 13% in just 24 hours. A whale who lost $40 million on April 9 returned to accumulate nearly 20,000 ETH. Spot Ether ETFs saw a $38.74 million inflow, ending a 10-day drought. Early on April 23, Ethereum ETH $1 793 24h volatility: 10.9% Market cap: $216.19 B Vol. 24h: $27.62 B recorded a 13% daily surge in its value, trading around $1,787 at the time of writing. The rally has pushed its 24-hour trading volume up by 73%. This surge comes as whale…

Bitcoin Spot Volume Nearly Triples As BTC Breaks $91,000

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On-chain data shows the Bitcoin spot market hasn’t been left behind during the latest price rally as its volume has registered a large increase. Both Bitcoin Open Interest & Spot Volume Have Shot Up In a new post on X, the on-chain analytics firm Glassnode has discussed about the latest trend in the Bitcoin Open Interest. The “Open Interest” refers to an indicator that keeps track of the total amount of derivatives positions related to BTC that are currently open on all exchanges. It would appear that the recent push…

Bitcoin ETFs log $912M inflows in ‘dramatic’ investor sentiment boost

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Investments in Bitcoin exchange-traded funds (ETFs) have rebounded to levels last seen in January, signaling a recovery in investor sentiment from concerns around global trade tariff escalations. US spot Bitcoin (BTC) ETFs had over $912 million worth of cumulative net inflows on April 22, marking their highest daily investment in more than three months since Jan. 21, Farside Investors data shows. Bitcoin ETF Flow, millions. Source: Farside Investors “Bitcoin ETPs just saw the largest daily inflows since 21st January in a dramatic improvement in sentiment,” according to James Butterfill, head…

Crypto drainers now sold as easy-to-use malware at IT industry fairs

Crypto drainers — malware designed to steal cryptocurrency — have become easier to access as the ecosystem evolves into a software-as-a-service (SaaS) business model. In an April 22 report, crypto forensics and compliance firm AMLBot revealed that many drainer operations have transitioned to a SaaS model known as drainer-as-a-service (DaaS). The report revealed that malware spreaders can rent a drainer for as little as 100 to 300 USDt (USDT). Crypto drainers report image. Source: AMLBot AMLBot CEO Slava Demchuk told Cryptox that “previously, entering the world of cryptocurrency scams required…

Bitcoin exchange buying is back as ‘Spoofy the Whale’ lifts $90K asks

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Key points: Whales on Binance joins Coinbase in adding BTC exposure as Bitcoin recovers above $90,000. The Coinbase premium is back in the green amid a broad risk-asset relief rally. Resistance attributed to an entity dubbed “Spoofy the Whale” at $90,000 disappears. Bitcoin (BTC) has fresh whale buying pressure across major exchanges as large-volume investors boost BTC price gains. New data from onchain analytics platform CryptoQuant reports both Binance and Coinbase whales “pushing the market up.” Coinbase BTC premium hits highest since February Bitcoin whales are wasting no time adding…

Bitcoin futures saw the largest liquidity increase in the past year with $5.34b in positions

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CryptoQuant analyst Axel Adler Jr noted that the Bitcoin futures market saw a total of 57,000 BTC positions in the past three days, around the same time BTC surpassed the $93k threshold. In a recent post, CryptoQuant analyst Axel Adler Jr. said that traders have opened BTC (BTC) positions amounting to 57,000 BTC in the past three days. At current market prices, the accumulated amount of BTC positions is worth $5.34 billion. “This is the largest liquidity increase in the past year,” said Adler. According to data from CoinGlass, in…

Binance tightens South African compliance rules for crypto transfers

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Binance is set to implement new compliance measures for South African users, requiring sender and receiver information for all crypto deposits and withdrawals. In an announcement on April 23, the largest exchange in terms of daily trading volume of cryptocurrencies said the move comes in response to local regulatory demands. Starting April 30, Binance users in South Africa will be prompted to provide additional information when transferring crypto. For deposits, users must disclose the sender’s full name, country of residence, and, if applicable, the name of the originating crypto exchange.…