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news-imageApril 16, 2025

Bitcoin Undervalued? Analyst Breaks Down Bullish On-Chain Metrics

According to a CryptoQuant Quicktake post published today, Bitcoin (BTC) may still be undervalued based on several on-chain metrics. Crypto on-chain analyst BorisVest explained that data suggests bullish sentiment remains intact for the leading cryptocurrency.
Publisher: NewsBTC
Sentiment: Positive
BTC

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Neutral
cover-imageBenzinga
April 16, 2025

Peter Schiff Says Since Trump Was Elected Bitcoin Advocates Took A 180 Turn On US Economy, But Critics Say Economist Mistaken

Renowned economist Peter Schiff questioned the integrity of Bitcoin (CRYPTO: BTC) proponents on Tuesday, claiming that they no longer shared his economic concerns following the election of President Donald Trump. What Happened: Without taking any names, Schiff took to X to question the rationale behind Bitcoin advocates' continued endorsement of the apex cryptocurrency despite their newfound optimism about the U.S. economy.

Positive
cover-imageNewsBTC
April 16, 2025

Bitcoin Bulls Positioning Aggressively On Binance, Data Shows

Data shows the Bitcoin Net Taker Volume has been highly positive on Binance recently, a sign that the bulls are putting up aggressive bets. Bitcoin Binance Net Taker Volume Is Currently At A Notable Positive Level As explained by CryptoQuant community analyst Maartunn in a new post on X, Bitcoin taker buyers have dominated the Binance platform during the last few days.

Negative
cover-imageCointelegraph
April 16, 2025

Bitcoin's wide price range to continue, no longer a ‘long only' bet — Analyst

Bitcoin could be heading into another extended consolidation phase, with short-term indicators suggesting a more bearish outlook, contrary to the broader crypto community's view, according to the head of research at 10x Research.While many crypto analysts predict new Bitcoin (BTC) all-time highs by June, Markus Thielen said in an April 14 markets report that he is skeptical, pointing out that onchain data signals “more of a bear market environment than a bullish one.” Short-term indicators signal potential market top Thielen said the Bitcoin stochastic oscillator — which compares a particular closing price to a range of prices over a specific period to determine momentum — shows patterns “more typical of a market top or late-cycle phase rather than the early stages of a new bull run.

Positive
cover-imageCoinPedia
April 16, 2025

Metaplanet Buys Bitcoin Using $10M USD Bonds in Strategic Funding Shift

Japanese-listed firm Metaplanet Inc. is deepening its Bitcoin commitment with a fresh $10 million move, further cementing its reputation as Asia's boldest corporate player in the crypto space. This time, the company has issued zero-coupon dollar-denominated bonds to EVO FUND to boost its Bitcoin holdings while strategically avoiding any financial strain.

Positive
cover-imageCointelegraph
April 16, 2025

Brazil's Meliuz floats to boost Bitcoin buying strategy

Brazilian fintech firm Meliuz has floated a plan to expand its Bitcoin holdings and make the cryptocurrency a strategic asset on the company's books.Meliuz, which provides cashback and financial technology services, is taking the plan to make Bitcoin (BTC) the primary strategic asset in the firm's treasury to shareholders in a meeting slated for May 6, according to a translated April 14 statement. The company said its core business will remain unchanged, but “the generation of cash from operations is fundamental to the strategy of acquiring more Bitcoin over time.

Negative
cover-imageCointelegraph
April 16, 2025

Semler Scientific reports $42M paper loss on Bitcoin, floats $500M stock sale

Healthcare technology firm Semler Scientific has reported paper losses on its Bitcoin holdings over the first quarter of this year as the cryptocurrency saw a heavy correction. The firm reported a preliminary unrealized loss from the change in fair value of Bitcoin holdings of approximately $41.8 million since Dec. 31, according to a filing with the Securities and Exchange Commission on April 15.

Positive
cover-imageCointelegraph
April 16, 2025

Bitcoin bulls ‘coming back' as key metric on Binance flips to neutral

Bullish sentiment could be returning to Bitcoin as a key metric from Binance, the largest crypto exchange by trading volume, shows that buyers are starting to dominate the platform's volumes.The Binance Taker Buy Sell Ratio, which calculates the ratio of buyers to sellers of Bitcoin (BTC) in Binance, “has returned to neutral territory,” CryptoQuant contributor DarkFost said in an April 15 note. Bitcoin bullish momentum is “picking up again” The ratio currently stands at 1.008.

Positive
cover-imageNewsBTC
April 16, 2025

‘Bitcoin Wants To Go Higher,' Says Bitwise CIO—But There's A Catch

In an investor note dated April 15, 2025, Matt Hougan, the Chief Investment Officer (CIO) of Bitwise, shared an examination of Bitcoin's recent trading patterns that may surprise both critics and supporters. “Bitcoin is acting like an asset that wants to go higher, if only macro obstacles would get out of the way,” he wrote.

Positive
cover-imageCointelegraph
April 16, 2025

Strive targets Intuit for Bitcoin buys after orange-pilling GameStop

Fresh from successfully convincing game retailer GameStop to add Bitcoin to its balance sheet, Strive Asset Management CEO Matt Cole has now set his sights on fintech firm Intuit to do the same.Cole said in an April 14 open letter to Intuit CEO Sasan Goodarzi that Intuit's growth is admirable, but Bitcoin (BTC) is the best way to ensure the company's long-term success and hedge against any potential disruption caused by artificial intelligence. Intuit's flagship products are its tax preparation app TurboTax and the small business accounting software Quickbooks.

Positive
cover-imageTokenpost
April 16, 2025

Bitcoin Surges to $85K as US Dollar Index Crashes Below 100

Bitcoin (BTC) has soared to $85,885 with a 1.48% intraday gain, as the US Dollar Index (DXY) plunges below the key 100 level for the first time in months. This sharp divergence between Bitcoin and the dollar reignites discussion about their inverse correlation, a pattern seen in previous macro cycles.

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