Tag: Bitcoin

Bitcoin Price Plunges to $75K as Trump Tariffs Spark Global Selloff
Bitcoin’s price tumbled to $75,000 on Wednesday as Trump’s sweeping global tariffs triggered a widespread crypto market selloff, with major altcoins experiencing double-digit losses.

Market Impact: Crypto Assets Face Severe Pressure

The leading cryptocurrency’s decline comes amid escalating trade tensions, with Trump’s administration implementing a 104% tariff on Chinese goods and expanding import taxes to over 60 trading partners. This aggressive trade policy has sent shockwaves through both traditional and crypto markets.

Key market movements include:
- Ethereum (ETH) dropped 10%, leading losses among major cryptocurrencies
- XRP, DOGE, BNB, SOL, and ADA all declined more than 5%
- Overall crypto market cap decreased by 6%, extending weekly losses to 15%
- Smaller tokens like BERA (-20%) and memecoins BONK, PEPE, and FLOKI (-9%) showed deeper losses
Bond Market Turmoil Amplifies Crypto Selloff

The cryptocurrency market’s decline coincided with unprecedented moves in the U.S. Treasury market. The 30-year yield surged over 20 basis points to 4.98%, marking the most significant three-day increase since 1982. Market experts, including Jim Bianco of Bianco Research, suggest this historic move likely resulted from forced liquidations rather than strategic trading decisions.

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Expert Analysis: Price Targets and Market Outlook

Ryan Lee, Chief Analyst at Bitget Research, provides a balanced perspective on the market’s trajectory: “While further drops to $70,000-$75,000 are possible amid escalating trade tensions, this dip presents a strategic buying opportunity for long-term investors.”

Key Support Levels and Recovery Scenarios

Despite current bearish pressure, analysts maintain optimistic long-term projections:
- Short-term support: $70,000-$75,000 range
- Potential recovery target: $95,000-$100,000 by late 2025
- Market cap potential: $3 trillion upon recovery
- Bitcoin dominance: Currently near 60%, indicating market confidence
FAQ: Understanding the Market Impact

Q: How do Trump’s tariffs affect Bitcoin?
A: Trade tensions typically increase market uncertainty, leading to risk-off sentiment that can pressure crypto prices alongside traditional markets.

Q: Is this a good time to buy Bitcoin?
A: While risks remain, analysts suggest dollar-cost averaging could be prudent, particularly with Bitcoin showing relative strength compared to altcoins.

Q: What are the key levels to watch?
A: Primary support lies at $70,000, with resistance at previous highs near $95,000.

Looking Ahead: Market Catalysts

Investors should monitor several factors that could influence Bitcoin’s price trajectory:
- Development of trade negotiations
- Bond market stability
- Institutional adoption trends
- Halving cycle effects
While current market conditions present challenges, Bitcoin’s fundamental strengths – including institutional adoption and the upcoming halving – continue to provide long-term support for the cryptocurrency ecosystem.
April 9, 2025
Bitcoin Q1 Performance Slumps as Trade War Fears Intensify
The cryptocurrency market faced significant headwinds in Q1 2025, with Bitcoin and other digital assets experiencing notable downturns amid growing trade war concerns and waning investor confidence. Recent market analysis has shown Bitcoin dropping below $77K as trade tensions escalate, highlighting the broader impact of macroeconomic factors on crypto markets.

Key Market Indicators Point to Investor Frustration

The declining net unrealized profit/loss (NUPL) metric serves as a crucial indicator of market sentiment, suggesting growing frustration among cryptocurrency investors. This technical indicator measures the difference between unrealized profit and unrealized loss to gauge market participants’ overall position.

Contributing Factors to Q1 Decline:
- Escalating global trade tensions
- Declining user sentiment metrics
- Reduced institutional investment flow
- Market uncertainty following 2024’s strong performance
Bitcoin Dominance Trends Amid Market Turbulence

Despite the overall market downturn, Bitcoin’s dominance has shown resilience, suggesting that investors are seeking refuge in the leading cryptocurrency during uncertain times. Recent data shows HODLers maintaining strong positions even as BTC tests crucial support levels.

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Market Outlook and Expert Analysis

Market analysts suggest that the current downturn could present buying opportunities for long-term investors, though caution remains warranted given the uncertain macroeconomic environment.

FAQ Section

What caused Bitcoin’s Q1 2025 decline?

The decline was primarily driven by trade war fears and reduced investor sentiment, as evidenced by declining NUPL metrics.

Is the current market downturn different from previous cycles?

Yes, this downturn is uniquely characterized by its correlation with global trade tensions rather than crypto-specific factors.

What are the key support levels to watch?

Current technical analysis suggests watching the $75K-$77K range as crucial support levels for Bitcoin.
April 9, 2025
Bitcoin Peak Delayed Until 2026: Business Cycle Analysis Challenges 4-Year Theory
A comprehensive business cycle analysis suggests Bitcoin’s next major price peak could be delayed until late 2026, potentially disrupting the widely accepted four-year halving cycle theory. Business cycle expert Tomas (@TomasOnMarkets) has presented compelling evidence using his Global Economy Index (GEI) that points to a significant shift in Bitcoin’s traditional market patterns.

Understanding the Global Economy Index (GEI)

Tomas’s analysis introduces a novel approach to tracking global economic cycles through his proprietary GEI, which combines four key metrics:
- Inverted trade-weighted dollar index
- Baltic Dry Index
- 10-year Chinese Government bond yields
- Copper/gold ratio
This composite index has shown remarkable accuracy in predicting previous market cycles, particularly before the 2020 pandemic disruption. The current GEI readings suggest we’re entering a new business cycle that could extend well beyond traditional Bitcoin timing expectations.

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Bitcoin’s Divergence from Traditional Patterns

The analysis reveals several key findings that could impact Bitcoin’s future price trajectory:
- Bitcoin has shown unusual resistance to typical end-of-cycle drawdowns
- Institutional adoption through ETFs may be reducing market volatility
- The traditional four-year halving cycle theory could be losing relevance
Market Implications and Price Outlook

Currently trading at $79,428, Bitcoin’s price action suggests a potential decoupling from traditional market cycles. However, if the GEI analysis proves correct, investors should prepare for a longer accumulation phase before the next major peak.

FAQ Section

Q: Why might the four-year halving cycle theory be invalid?
A: The increasing institutional adoption and changing market dynamics could be creating new patterns that override the traditional supply-driven cycles.

Q: What could trigger an earlier peak?
A: Significant institutional adoption, regulatory clarity, or major macroeconomic shifts could accelerate the timeline.

Q: How reliable is the GEI as a predictor?
A: The index has shown strong correlation with previous market cycles, though past performance doesn’t guarantee future results.

Conclusion

While Bitcoin continues to trade near $80,000, investors should consider adjusting their long-term strategies to account for potentially extended market cycles. The convergence of institutional adoption, changing market dynamics, and global economic factors suggests we may be entering a new era for Bitcoin price patterns.
April 9, 2025
Bitcoin Price Plunges Below $75K – Key Support Levels to Watch
Bitcoin’s price trajectory has taken a bearish turn, with BTC dropping sharply below the critical $78,000 level as market sentiment shifts. This comprehensive analysis examines the key support and resistance levels traders should monitor, along with technical indicators suggesting potential price direction.

Bitcoin’s Latest Price Movement Analysis

In a significant market development that follows recent tests of the $80,000 support level, Bitcoin has entered a decisive bearish phase. The flagship cryptocurrency has broken several key support levels:
- Initial breach below $78,500
- Sharp decline through $77,000
- Critical support at $75,000 compromised
- New local low established at $74,475
Technical Analysis and Key Levels

The current price action shows several bearish indicators:
- Trading below the 100-hour Simple Moving Average
- Bearish trend line resistance at $79,500
- RSI below 50, indicating bearish momentum
- MACD gaining momentum in the bearish zone
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Critical Support and Resistance Levels

Traders should monitor these key price levels:

Resistance Levels:
- Primary resistance: $78,500
- Secondary resistance: $79,500
- Major resistance: $81,500
Support Levels:
- Immediate support: $75,750
- Critical support: $74,750
- Major support: $70,000
Market Outlook and Trading Implications

The current price action suggests two potential scenarios:

Bullish Scenario:

A break above $79,500 could trigger a rally toward $81,500, with potential extension to $82,000.

Bearish Scenario:

Failure to reclaim $78,500 could lead to further decline, potentially testing the $72,000 support level.

Frequently Asked Questions

What caused Bitcoin’s recent price drop?

The decline appears technical in nature, following repeated tests of the $80,000 resistance level and broader market uncertainty.

Could Bitcoin fall below $70,000?

While $70,000 represents major psychological support, a break below current levels could trigger increased selling pressure toward this mark.

What technical indicators should traders watch?

Key indicators include the 100-hour SMA, RSI levels, and the MACD momentum indicator for potential trend reversals.
April 9, 2025
Bitcoin Whale Activity Surges as BTC Rebounds from $74K – Key Levels
Bitcoin’s price has staged a remarkable recovery from its recent $74,000 low, with on-chain data revealing a significant spike in whale activity that could signal further upside ahead. This analysis examines the latest whale movements and their potential impact on BTC’s price trajectory.

Whale Transaction Count Hits 1,715 as Large Investors Step In

According to data from on-chain analytics firm Santiment, Bitcoin whale activity witnessed a notable surge following the recent price dip. This aligns with previous whale accumulation patterns observed during major support tests.

Key findings from the on-chain analysis:
- Whale transactions (transfers over $1M) reached 1,715 on Monday
- This represents a significant increase from weekend lows
- Large entities appear to be capitalizing on the price dip
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Ancient Bitcoin Movement Raises Concerns

While whale activity suggests bullish momentum, a potentially bearish signal has emerged with the movement of 365 BTC that had remained dormant for over 10 years. Historical data indicates that such movements of ancient coins often precede increased market volatility.

Technical Analysis and Price Levels

After recovering to $81,000, Bitcoin has experienced a minor retracement to $79,700. The $80,000 level remains a crucial support zone that bulls need to defend to maintain upward momentum.

Frequently Asked Questions

What does increased whale activity mean for Bitcoin’s price?

Historically, spikes in whale activity often precede significant price movements, as large investors typically have access to superior market intelligence and capital resources.

Why is the movement of ancient Bitcoin significant?

When long-dormant Bitcoin moves, it can indicate that even strong holders are considering selling, potentially signaling market uncertainty or upcoming volatility.

What are the key support levels to watch?

The immediate support lies at $79,700, with major support at $74,000. The $81,000 level serves as near-term resistance.
April 9, 2025
Bitcoin Benefits from Trump Tariffs: Tim Draper Predicts Major Rally
Key Takeaways:
- Venture capitalist Tim Draper endorses Trump’s trade policies against China
- Draper sees all economic scenarios benefiting Bitcoin’s growth
- Trade tensions could accelerate crypto adoption as a hedge
Prominent venture capitalist Tim Draper has thrown his weight behind former President Donald Trump’s aggressive trade policies, particularly praising the proposed tariffs against China while predicting significant upside for Bitcoin across all potential outcomes.

As recent market analysis shows Trump’s proposed 104% China tariff has already triggered significant crypto market movements, suggesting Draper’s assessment may already be playing out in real-time.

Draper’s Bold Stance on Trade War

The billionaire investor characterized Trump’s trade offensive as a ‘powerful reset’ designed to end what he views as global freeloading and ineffective leadership, particularly targeting Chinese President Xi Jinping’s economic policies. This stance comes as tensions between the world’s two largest economies continue to escalate.

Bitcoin as a Safe Haven Asset

According to Draper, Bitcoin stands to benefit regardless of how the trade conflict unfolds:
- If tariffs succeed: Could drive innovation and tech investment in the US
- If tensions escalate: May increase Bitcoin’s appeal as a hedge asset
- If global trade suffers: Could accelerate crypto adoption for cross-border transactions
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Market Impact and Analysis

The cryptocurrency market has already shown sensitivity to these geopolitical developments. Bitcoin’s recent price action below $77K reflects growing concerns about trade war escalation, though Draper maintains this volatility could ultimately strengthen Bitcoin’s position as a global store of value.

Frequently Asked Questions

Q: How might Trump’s tariffs affect Bitcoin price?
A: According to Draper, tariffs could drive Bitcoin higher by increasing demand for non-sovereign stores of value.

Q: What is China’s potential response?
A: China may seek alternative payment systems, potentially benefiting cryptocurrency adoption.

Q: How can investors prepare?
A: Draper suggests maintaining Bitcoin positions as a hedge against economic uncertainty.
April 9, 2025
Bitcoin Price Bottom at $38K? Expert Warns of 50% Drop Ahead
Bitcoin’s recent plunge to $74,000 has sparked intense debate about potential bottom levels, with a respected CMT-certified analyst now forecasting an even deeper correction to the $38,000-$42,000 range. This bearish prediction comes as Bitcoin ETF outflows reach concerning levels, suggesting growing bearish sentiment in the market.

Elliott Wave Analysis Points to Extended Correction

Technical analyst Tony Severino’s detailed Elliott Wave analysis reveals that Bitcoin has completed a classic 5-wave impulsive structure near $85,000. The cryptocurrency appears to be entering an ABC corrective pattern that could drive prices significantly lower over the next two years.

According to Severino’s analysis:
- Wave A target: $62,000-$65,000 by June 2025
- Brief Wave B bounce expected
- Final Wave C bottom: $38,000-$42,000 by April 2026
Death Cross Confirms Bearish Outlook

Adding weight to the bearish scenario, Bitcoin has just formed its first Death Cross since September 2024, with the 50-day moving average crossing below the 200-day MA. This technical pattern historically signals extended downtrends, testing the resolve of long-term holders.

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Market Cycle Timing

The projected timeline aligns with Bitcoin’s historical four-year halving cycle, suggesting:
- Bull market peak: 2025
- Extended bear phase: Mid-2026
- Next accumulation phase: Late 2026
FAQ: Key Questions About Bitcoin’s Bottom

Q: Why is $38,000 considered a potential bottom?
A: This level aligns with the iv sub-wave of Wave 3 and represents a typical retracement zone in Elliott Wave theory.

Q: How reliable are Death Cross signals?
A: While not infallible, Death Crosses have historically preceded significant downtrends in Bitcoin’s price 70% of the time.

Q: What could invalidate this bearish scenario?
A: A sustained break above $85,000 with strong volume would suggest this Elliott Wave count is incorrect.
April 9, 2025
Bitcoin Rally Imminent as China Yuan Crisis Sparks Capital Flight
Key Takeaways:
- Arthur Hayes predicts massive Bitcoin rally triggered by Chinese yuan devaluation
- Capital flight from China could fuel significant crypto market gains
- Former BitMEX CEO warns of potential economic ripple effects
The cryptocurrency market could be on the verge of a major bull run as China’s yuan continues its concerning downward spiral, according to BitMEX co-founder Arthur Hayes. This prediction comes amid growing tensions in global markets and could signal a pivotal moment for Bitcoin adoption.

Hayes, known for his accurate market predictions, suggests that Chinese investors may increasingly turn to Bitcoin as a safe haven asset as the yuan faces mounting pressure. This capital flight scenario could inject significant liquidity into the crypto markets, potentially driving Bitcoin prices to new heights.

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Understanding the Yuan Devaluation Impact

The Chinese yuan’s weakening position against major currencies has created a perfect storm for cryptocurrency adoption. As capital controls tighten, wealthy Chinese investors are increasingly looking for alternative stores of value, with Bitcoin emerging as a preferred option.

Expert Analysis and Market Implications

Hayes’s analysis suggests several key factors that could drive this potential rally:
- Increased demand from Chinese investors seeking to preserve wealth
- Growing distrust in traditional banking systems
- Bitcoin’s proven track record as a hedge against currency devaluation
FAQ Section

Q: How might this affect global Bitcoin prices?
A: Experts predict potential price appreciation as increased Chinese demand meets limited Bitcoin supply.

Q: What are the risks to this scenario?
A: Regulatory intervention from Chinese authorities could impact capital flows into crypto markets.

Q: How can investors prepare for this potential rally?
A: Diversification and proper position sizing remain crucial for managing risk in volatile market conditions.
April 8, 2025
Bitcoin Payments Breakthrough: Kraken-Mastercard Deal Opens 150M Merchants
Bitcoin Payments Breakthrough: Kraken-Mastercard Deal Opens 150M Merchants

In a landmark development for cryptocurrency adoption, Mastercard and Kraken have announced a groundbreaking partnership that will enable Bitcoin payments across 150 million merchants worldwide. This strategic alliance, focused initially on the UK and European markets, marks a significant milestone in bridging the gap between digital assets and traditional commerce.

Key Partnership Highlights
- Access to 150+ million Mastercard merchants globally
- Physical and digital crypto debit cards
- Integration with Kraken Pay system
- Initial rollout in UK and European markets
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Revolutionary Payment Infrastructure

The collaboration leverages Mastercard’s extensive payment network while incorporating Kraken’s robust cryptocurrency infrastructure. This integration comes at a crucial time when Bitcoin payment solutions are seeing significant advancement across the industry.

Impact on Mainstream Adoption

Scott Abrahams, Executive Vice President of Global Partnerships at Mastercard, emphasized the transformative nature of this partnership: “Our collaboration with Kraken demonstrates our commitment to driving innovation in digital payments while maintaining the security and reliability that Mastercard is known for.”

Kraken Pay Integration

The partnership builds on Kraken Pay’s success, which has already attracted 200,000 users in its first three months. The new integration will allow users to:
- Convert crypto to fiat instantly at point of sale
- Access physical and digital debit cards
- Send payments using simplified “Kraktag” identifiers
- Track spending and manage crypto balances in real-time
Future Implications and Market Impact

This development could significantly impact the broader cryptocurrency market, potentially driving increased adoption and utility of digital assets in everyday transactions. The partnership represents a major step forward in legitimizing cryptocurrency as a mainstream payment method.

FAQ Section

When will the service be available?

UK and European users can join the waitlist now, with the service expected to roll out in phases throughout 2025.

Which cryptocurrencies will be supported?

Initially, Bitcoin and select major cryptocurrencies will be supported, with plans to expand the offering based on user demand and regulatory compliance.

How will conversion rates be determined?

Conversion rates will be set at the time of transaction using real-time market data, with transparent fee structures.

Users interested in accessing these new payment features can now join the waitlist through Kraken’s official website, marking the beginning of a new era in cryptocurrency payments and mainstream adoption.
April 8, 2025
Bitcoin Mempool Security: Core Dev Reveals Censorship Defense Strategy
In a groundbreaking interview at the MIT Bitcoin Expo, Bitcoin Core maintainer Gloria Zhao detailed how Bitcoin’s mempool architecture serves as a crucial defense mechanism against transaction censorship. This technical deep-dive reveals critical insights for Bitcoin’s long-term censorship resistance and network health.

Key Highlights from Gloria Zhao’s Bitcoin Core Development Journey

Gloria Zhao’s path to becoming a Bitcoin Core maintainer represents a significant commitment to Bitcoin’s development. After graduating from UC Berkeley in 2020, she made the bold decision to decline a position at Google, instead choosing to focus on Bitcoin Core development full-time. This transition was made possible through funding from Brink, with additional support from the Human Rights Foundation and Spiral.

In 2022, Zhao achieved a notable milestone by becoming a Bitcoin Core maintainer, assuming the role on the same day that veteran developer Pieter Wuille stepped down. This position grants her commit access to the Bitcoin Core repository, making her one of the few developers with the authority to implement final code changes.

Understanding Mempool’s Role in Bitcoin’s Censorship Resistance

During the interview, Zhao provided detailed insights into why maintaining a decentralized and open mempool is fundamental to Bitcoin’s censorship resistance capabilities. The mempool serves as a crucial buffer zone where transactions await confirmation, and its decentralized nature ensures that no single entity can control which transactions get processed.

Key aspects of mempool functionality discussed include:
- Package relay implementation for optimized transaction grouping
- Fee optimization strategies for reliable transaction processing
- Integration with Layer 2 solutions for enhanced scalability
- Future improvements planned for mempool health maintenance
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Package Relay: A Technical Innovation for Transaction Reliability

One of the most significant developments Zhao discussed is the implementation of package relay, which allows transactions to be transmitted across the network in groups. This innovation provides several benefits:
- Enhanced fee optimization for multiple related transactions
- Improved reliability for complex transaction types
- Better support for Layer 2 solutions like Lightning Network
Future Developments and Network Health

Looking ahead, Zhao outlined several initiatives aimed at strengthening Bitcoin’s mempool infrastructure:
- Advanced fee estimation algorithms
- Improved transaction propagation methods
- Enhanced mempool synchronization protocols
Frequently Asked Questions

What is a Bitcoin mempool?

A mempool (memory pool) is a holding area for Bitcoin transactions that have been broadcast to the network but haven’t yet been confirmed in a block.

Why is mempool decentralization important?

Decentralized mempools prevent any single entity from controlling which transactions get processed, ensuring Bitcoin’s censorship resistance.

What is package relay?

Package relay is a protocol improvement that allows related transactions to be transmitted together, optimizing fee structures and improving reliability.

For those interested in contributing to Bitcoin Core development, the Bitcoin Core PR Review Club, co-organized by Zhao and Stéphan Vuylsteke, offers weekly reviews of proposed code changes. Developers can participate through their website at bitcoincore.reviews.
April 8, 2025