Bitcoin Analysts Optimistic as China Surprisingly Fixes Yuan Beyond 7.2 Level
Analysts suggest the yuan's depreciation may lead to capital flight into bitcoin.
Keep up with what's happening in the crypto world in real-time.
Analysts suggest the yuan's depreciation may lead to capital flight into bitcoin.
Speculation over a purported White House plan to pause tariffs for ninety days on all countries except China sent markets into a frenzy earlier today, triggering abrupt price reversals across equities, Bitcoin and cryptocurrencies. In a quick-fire series of conflicting updates, the rumor initially floated at around 10:10 AM ET, sparked momentum in risk assets, and was eventually deemed “fake news” by the White House.
The escalating US-China trade war has sent global markets into a frenzy, with BitMEX co-founder Arthur Hayes believing that Chinese money could soon be entering Bitcoin. BTC price has already bounced back from yesterday's lows of $74,400, and is currently trading north of $80,000 levels as of press time.
Crypto asset investment products experienced net outflows of $240 million over the past week, according to the latest report from CoinShares. The trend reflects ongoing investor caution amid global economic headwinds, particularly surrounding recent US trade tariff announcements, which have raised concerns about future economic growth.
The global cryptocurrency market is showing signs of recovery after a shaky period marked by the infamous “Black Monday” crash on April 7. The market experienced a sharp downturn, with total liquidations surpassing $1 billion within just 24 hours.
Cboe Global Markets plans to roll out a new Bitcoin futures product later this month, subject to regulatory approval. In an Apr.
Bitcoin faced a notable sell pressure earlier today, with its price trading as low as $74,604. However, at the time of writing, the asset is seeing a quiet rebound with prices now hovering back above $79,000.
Alex Thorn, Head of Research at Galaxy Digital, expressed a marked shift in his outlook regarding potential United States government purchases of Bitcoin in 2025.
Bitcoin price started a fresh decline below the $80,000 zone. BTC is now correcting losses and might face resistance near the $80,500 zone.
Ethereum (ETH) has hit its lowest level against Bitcoin (BTC) since February 2020, sparking concern among crypto investors. On Monday, ETH/BTC plummeted to an intraday low of 0.01965 BTC on Binance.
Satoshi Nakamoto, the elusive creator of Bitcoin, has seen his portfolio shrink by over $30 billion, according to data from Arkham Intelligence. The drop comes amid a broader crypto market downturn that saw Bitcoin tumble to a multi-month low of $74,604 before a slight rebound.
Acting SEC Chairman Mark Uyeda confirmed during a recent CNBC interview that Bitcoin and Ethereum are not considered securities, referencing past statements from former SEC Chair Gary Gensler. My predecessor, Chairman Gensler, has made it pretty clear that Ethereum and Bitcoin are not securities, Uyeda said.
Bitcoin exchange-traded funds (ETFs) faced significant outflows on April 7, with over $151.8 million withdrawn, according to on-chain analytics shared by @lookonchain on X. The downturn affected nine out of ten U.S.-listed Bitcoin spot ETFs, coinciding with a sharp correction in the crypto market that saw Bitcoin plunge well below the $80,000 mark.
Pierre Rochard, a well-known Bitcoin maximalist and early adopter, first discovered Bitcoin in 2012 while studying at UT Austin. With a strong interest in Austrian economics and open-source software, he was drawn to Bitcoins promise of monetary sovereignty.
Bitcoin has not been immune to the ongoing global tariff dispute, which has rippled across financial markets and placed pressure on equities and digital assets. Over the past two weeks, Bitcoin has dropped by more than 10%, slipping under $75,000 earlier today—a level last seen in November 2024.
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The CEO at on-chain analytics firm CryptoQuant has declared the end of the Bitcoin bull cycle, but this analyst has provided a counterpoint.
As trade war chaos escalates and global financial systems fracture, one expert warns bitcoin could become a critical hedge amid rising instability and geopolitical fallout.
Bitcoin prices dropped to their lowest value of the year today, falling below $75,000 as tariff concerns roiled global markets.
If bid-side absorption prevails, BTC's fragile set-up could flip into a bear trap.
Global cryptocurrency exchange-traded products (ETPs) experienced outflows of $240 million last week as investors pulled back due to concerns over new U.S. trade tariffs.
On April 7, 2025, the markets were thrown into turmoil after a false report claimed that President Donald Trump was considering a 90-day pause on global tariffs.
The global equity and cryptocurrency markets experienced significant downturns earlier today, as US President Donald Trump's country-specific reciprocal tariffs are set to take effect on April 9. The leading cryptocurrency, Bitcoin (BTC), has declined by more than 7% in the past 24 hours, and analysts predict further near-term challenges for the digital asset.
Binance Research published its report on Trump's tariffs and how they might impact the crypto market. It noted that the riskiest investments suffered the most, while RWAs and exchanges suffered the least.
