Month: April 2025

Bitcoin Price Mirrors Global M2 As Crypto Analyst Reveals May Timeline For “Blast Off”

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin’s price movement is starting to look positive after a brief stretch of crashes on Sunday and Monday. After breaking down to $74,000 on Monday, bearish momentum looked ready…

Bitcoin weekly RSI hits bull market low as trader sees $70K BTC price bottom

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Bitcoin (BTC) has a new $70,000 reversal target as a leading indicator sets new bull market lows. In X analysis on April 7, popular trader and analyst Rekt Capital predicted that BTC/USD could find its floor near old all-time highs from 2021. History suggests $70,000 should end BTC price dip Bitcoin can dip as low as $70,000 before recovering and still keep within historical norms, Rekt Capital says. Considering where the current bull market correction might end up, the analyst used the relative strength index (RSI) indicator to calculate the…

Weaker yuan is ‘bullish for BTC’ as Chinese capital flocks to crypto — Bybit CEO

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With US President Donald Trump imposing 104% tariffs on Chinese imports, Beijing is responding by letting the yuan weaken against the dollar — a move that analysts say could spark the next leg of the Bitcoin bull market. On April 8, the yuan-to-US dollar exchange rate fell to its lowest level since 2023, signaling the Chinese central bank’s readiness to let its currency fluctuate more freely.  The US dollar-to-yuan exchange rate on April 8. Source: Bloomberg With the trade war ratcheting up, “expectation for China to eventually devalue the currency…

XRP April Target Of $8 To $13 ‘Still Stands,’ Says Crypto Analyst

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst CasiTrades (@CasiTrades) published a new XRP analysis, highlighting yesterday’s intraday plunge to about $1.61 after the widely watched $1.90 level gave way. “Overnight we saw $1.90 break…

Gaming NFT maker Aavegotchi votes to ditch Polygon for Base

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Aavegotchi, a non-fungible token (NFT) protocol focused on Web3 gaming, has opted to abandon blockchain network Polygon and “go all-in” on Base, an Ethereum layer-2 scaling chain, according to the results of an onchain vote.  On April 8, Aavegotchi’s community members voted 93.5% in favor of a proposal to “Make Aavegotchi Based Again” by deprecating the protocol’s smart contracts on Polygon and re-deploying on Base, according to Aavegochti’s governance page.  “Given our close relationship with the Base team, as well as recent developments in the Base ecosystem […] we believe…

BlackRock taps Anchorage Digital for digital asset custody

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Asset manager BlackRock is partnering with Anchorage Digital for crypto custody services, a move aimed at addressing the rising demand for digital assets from retail and institutional investors. According to an April 8 announcement, BlackRock is the world’s largest investment firm, with $11.6 trillion in assets under management. The company ranks among the largest providers of crypto exchange-traded products (ETPs), with holdings totaling $45.3 billion in Bitcoin (BTC) and $1.7 billion in Ether (ETH), according to data from Arkham. BlackRock’s crypto holdings. Source: Arkham Intelligence Anchorage is the only federally…

Hong Kong Regulator Greenlights Staking Services for Licensed Crypto Exchange Platforms

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Hong Kong’s Securities and Futures Commission (SFC) has greenlit staking services for licensed digital asset exchanges. On Monday, the regulator issued regulatory guidance for the new services, noting that staking comes with potential benefits, such as enhancing the security of blockchain protocols while enabling users to earn yields for their participation. The SFC says that regulated entities should take precautions to manage investor risks. “They should maintain measures to effectively prevent errors associated with the services, safeguard staked client virtual assets, and ensure proper disclosure of risks to which such…

Bitcoin price targets $65k–$68k as market seeks fair value, AMT shows

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Exploring Bitcoin’s recent price developments through the lens of Auction Market Theory, a market philosophy that helps explain how price moves between periods of balance and imbalance With Bitcoin (BTC) having recently broken away from a key consolidation zone, understanding this shift through AMT offers valuable insight into both immediate and long-term expectations. As price action now trends lower, the search for fair value intensifies, and traders must be aware of the implications for strategy, sentiment, and structure. Key points: Bitcoin recently exited a 133-day balance phase, initiating a bearish…

Bitcoin, Ethereum drop as Trump confirms 104% tariffs on China

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Bitcoin, Ethereum, and most altcoins are down amid an unprecedented US tariff hike on China. Crypto markets are still reeling from the latest US tariff hike. On Tuesday, April 8, the White House confirmed that the tariff on all goods from China will increase to 104%, effective on April 9, 12:01 AM, Eastern Time. Shortly after this announcement, Bitcoin (BTC) dropped to a daily low of $76.508, while Ethereum (ETH) bottomed at $1.454. The drop was likely due to fears of the negative effects these unprecedented tariffs would have on…