Key Takeaways: Bitcoin faces bear signals as Bloombergโs strategist flags high correlation with equities. Forecast sees BTC dropping toward $10K as liquidity conditions tighten further. Crypto markets risk a broader bust as McGlone cautions excess supply pressures valuations. Bitcoin Slides Into Bear Territory as Strategist Highlights Crypto Bust Dynamics Elevated volatility and rising correlation with equities are undermining bitcoinโs diversification appeal, signaling mounting pressure across crypto markets. Bloomberg Intelligence senior commodity strategist Mike McGlone analyzed these trends on April 12, focusing on Blackrockโs Ishares Bitcoin Trust ETF (IBIT) and its…
Tag: Bitcoin
Bitcoin price tests $72.6K ascending channel top
Bitcoin is trading at $72,330 on April 13, pressing the upper trendline of a 4H ascending channel that has been building since the late March lows near $65,000. Spot Bitcoin ETF inflows of $786 million last week, led by BlackRockโs IBIT at $612 million across five trading days, provide the structural demand backdrop for the move. Summary Bitcoin price is at $72,330 on April 13, up 0.65% on the session, pressing the upper boundary of a 4H ascending channel defined by two parallel upward-sloping trendlines from the March lows near…
Bitcoin Price Climbs Toward $75,000 as US-Iran Strait of Hormuz Tensions Trigger Short Squeeze โ Bitcoin News
Key Takeaways: Bitcoin climbed toward $75,000 on April 13 after millions in short positions were liquidated within hours. U.S.-Iran Strait of Hormuz tensions drove traders back into BTC, testing the top of a two-month consolidation range. Analysts set $75,000 to $80,000 as near-term targets, but pre-April 15 tax selling and oil-driven inflation fears remain risks. BTC Tests 2-Month Consolidation High Near $75,000 The move played out quickly. Within hours of the blockade announcement, millions in short positions were liquidated as buyers stepped in at support near $70,000, accelerating the climb.…
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SEC Commissioner Calls for Permanent Broker Rule Overhaul Reflecting Modern Crypto Market Realities โ Regulation Bitcoin News
Key Takeaways: SEC Commissioner favors a more permanent approach to defining broker rules in crypto markets. Guidance from SEC limits when crypto interfaces must register as broker-dealers. Outlook suggests SEC may pursue clearer, permanent rules after industry feedback. SEC Guidance Defines Crypto Interface Boundaries Regulatory clarity for crypto interfaces is advancing as policymakers reassess broker definitions in decentralized markets. U.S. Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce commented on April 13 after the SEC Division of Trading and Markets issued guidance that outlined when crypto interface providers and…
Inside BC.GAME’s BC Engine โ Branded Spotlight Bitcoin News
The way crypto casinos reward players is changing โ and the shift is moving away from one-off bonuses toward continuous, passive income flows built directly into normal gameplay. For platforms competing in an increasingly crowded market, the question is no longer just how big the welcome bonus is, but how sustainably value is delivered over time. That question is precisely what BC.GAMEโs latest platform upgrade sets out to answer, with BC Engine at its core. What is BC Engine? BC Engine is the centerpiece of a sweeping rewards system overhaul…
Bitcoin Hits $74,000 As ETF Inflows Face Miner Selling And War Tensions
Key takeaways: Despite strong ETF inflows, Bitcoin remains tied to the S&P 500 and sensitive to global macroeconomic developments. Bitcoin futures premiums and miner selling suggest that the bear market persists despite Bitcoin trading above $74,000. Bitcoin (BTC) reclaimed the $74,000 level on Monday following slight gains in the S&P 500 index after US President Donald Trump ordered a US blockade of the Strait of Hormuz. Traders appear to be gradually gaining confidence following strong net inflows into US-listed spot Bitcoin exchange-traded funds (ETFs) and continued accumulation by Strategy (MSTR…
Markets Drop After U.S. โ Iran Talks Fail
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io In this video I explain what I’m doing in the crypto market whilst we are dumping in bitcoin and some alts across in the market. I hope you enjoy! Thanks For Watching Like And Subscribe If You Enjoyed! My Socials ๐ Follow Me On Instagram! : โคโค Follow Me On Twitter! : โคโคโค Follow Me On TikTok! : โคโคโค Another Video To Watch!: BITCOIN HITS 74k, is this a FAKEOUT?! One of the tools i use to grow on YouTube! (Affiliate Link)…
Doctor Doom Predicts AI-Powered Boom of World Economy โ Economics Bitcoin News
Key Takeaways: Nouriel Roubini predicts AI will drive markets, pushing future US growth to 4% by 2030 despite politics. At the Greenwich Economic Forum, Roubini noted AI is no bubble, driving tech markets for the next 20 years. Per Roubini, US tech dynamism ignores politics; AI innovation will push future economic growth to 10% by 2050. Nouriel โDoctor Doomโ Roubini Forecasts Jump In World Economies As AI Grows While some analysts have become pessimistic about the effects of the growing international adoption of artificial intelligence (AI), others believe it will…
Goldman Sachs Strategist Says AI Disruption Fears Will Linger for Years in Software Stocks โ Bitcoin News
Key Takeaways: Goldman Sachs strategist Ben Snider warned April 13 that AI disruption fears could weigh on growth stocks for years. Servicenow fell 48% and Salesforce dropped 36% YTD as per-seat licensing models face AI-driven โseat compression,โ according to Yahoo Finance author Brian Sozziโs reporting. Meta, Amazon, and Alphabet are positioned to recover first as Goldman targets selective exposure heading into 2027. AI Fears Drive Software Stock Collapse in 2026, Goldman Sachs Strategist Warns No Quick Rebound The warning, reported on by Yahoo Financeโs Brian Sozzi on Monday, lands as…