Month: April 2025

Previewing the Canadian Election’s Crypto Angle

Canada will host an election next week, where voters will consider a range of issues — the economy, housing, trade relations with the U.S. — as they choose their elected officials, who in turn will choose the next Prime Minister of the country. You’re reading State of Crypto, a CryptoX newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Crypto is not a major electoral issue during this year’s Canadian election. Neither leading Prime Minister candidate has campaigned on digital…

Bitcoin Price Completes Head And Shoulder Formation, Analyst Predicts Crash To $78,000

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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 Melika Trader has warned about a bearish pattern that could be forming for the Bitcoin price. Based on this, the analyst predicts that the largest crypto by…

US exchanges bet big on crypto derivatives amid tariff turbulence

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United States exchanges are betting big on cryptocurrency derivatives as market turbulence from US President Donald Trump’s looming trade war propels demand for the financial instruments.  Since late 2024, exchanges including Coinbase, Robinhood, Kraken, and the Chicago Mercantile Exchange (CME) Group have been listing new types of crypto derivatives and mulling multibillion-dollar acquisitions as they vie for control of the burgeoning market.  In April, the stakes became even higher after Trump’s unveiling of sweeping tariff plans sent financial markets into a frenzy and spiked crypto derivatives trading volumes.  “Institutional and…

XRP futures open interest surges by 32% — Are traders bullish or bearish?

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Key Takeaways:  XRP has gained 25% since April 7, and its open interest has risen by 32%. Positive spot market activity contrasts with a neutral futures funding rate, highlighting a tug-of-war between traders. Analysts still have double-digit price targets for XRP. XRP’s (XRP) price fell to a year-to-date low of $1.61 on April 7, but has gained 25% over the past two weeks as the broader crypto market recovered and XRP open interest surged. XRP futures open interest. Source: CoinGlass The altcoin’s open interest surged 32% from $3.14 billion to…

LAPD recovers $2.7m in stolen Bitcoin mining equipment

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Two suspects tied to a South American cargo theft ring were arrested after Los Angeles police recovered over $3.9 million in stolen goods—including $2.7 million worth of Bitcoin mining computers intercepted at LAX. Detectives from the LAPD’s Cargo Theft Unit, working with the Los Angeles Port Police and other agencies, apprehended Oscar David Borrero-Manchola, 41, and Yonaiker Rafael Martinez-Ramos, 25, following an investigation into stolen cargo linked to the South American Theft Group.  The mining equipment was recovered as it was being loaded onto a plane bound for Hong Kong.…

No Crown Yet? Bitcoin Needs To Prove Itself One Win At A Time

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Bitcoin holders back in profit as new capital enters the market — Is $100K BTC price next?

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Key Takeaways: Bitcoin short-term holders are back in profit, increasing chances for a rally to $100,000. Long-term holders added 363,000 BTC since February, with new buyers injecting capital in April. Bitcoin sell pressure risk exists at $97,000, where 392,000 BTC could be sold. Bitcoin’s (BTC) surge above $91,700 on April 22 pushed its value above the short-term realized price or cost basis. This implies that a majority of short-term holders (STHs) are currently back in profit. STHs returning to profit after unrealized losses signal a bullish outlook, paving the way…

Is the Bitcoin rally losing steam at key Fibonacci resistance?

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Bitcoin is now at a pivotal turning point, trading into a dense cluster of technical resistance. While momentum has favored bulls recently, confluence with several high time frame metrics suggests this may be the setup for a deeper corrective phase. Bitcoin (BTC) is currently trading at a significant resistance region, where multiple high time frame technicals converge. These include the previous point of control, the value area low of a prior range, and most notably, the 0.618 Fibonacci level, which aligns with the potential completion of a C-leg in an…