Bitcoin Surges to $82.7K, but Experts Warn of Potential Bull Trap as U.S.-China Trade War Escalates
Bitcoin surged to $82,700 recently, causing excitement in the crypto market.
Keep up with what's happening in the crypto world in real-time.
Bitcoin surged to $82,700 recently, causing excitement in the crypto market.
Charles Hoskinson, founder of Cardano, has predicted that Bitcoin could reach $250,000 by the end of this year or next.
On April 8, Bitcoin's net unrealized loss (NUP) ratio spiked to 0.0578, the highest level since November 2023. Meanwhile, the net unrealized profit/loss ratio dropped to 0.4253 on the same day, its lowest point since September 2024.
Pakistan plans to use its excess electricity to power Bitcoin mining farms and AI data centers, turning wasted energy into valuable digital assets like Bitcoin.
Bitcoin is currently trading at $79,150, showing a modest 1.8% gain in the last 24 hours, although it remains down about 4% over the past week.
The Human Rights Foundation (HRF) launched the Bitcoin Humanitarian Alliance on April 10, forming a coalition of activists, humanitarian organizations, and pro-democracy movements leveraging Bitcoin (BTC) to support civil liberties and deliver aid in financially repressive environments.
MicroStrategy, the largest corporate holder of Bitcoin, has long embodied the boldest institutional bet on the cryptocurrency. Co-founder and chairman Michael Saylor's unwavering belief in Bitcoin has defined the company's strategy for years.
Bitcoin is poised for a major surge as escalating U.S.-China tensions, rising tariffs, and dwindling trust in U.S. debt send investors searching for alternatives.
The second-largest cryptocurrency by market capitalization, Ethereum, is exhibiting warning indicators as it tries to regain stability above crucial support levels. ETH is now trading at about $1,960, having dropped sharply from its peak of about $4,000 earlier in this cycle.
Block Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department of Financial Services (NYDFS). The penalty, announced on April 10, stems from widespread lapses in the company's anti-money laundering (AML) and compliance systems related to its virtual currency operations.
An analyst has explained how a break beyond the 200-day moving average (MA) might put Bitcoin on the path to a top around the upper band of this indicator. Bitcoin Mayer Multiple Currently Has Its Upper Band Located At $208,550 In a new post on X, analyst Ali Martinez has discussed the Mayer Multiple of Bitcoin.
The world's largest crypto exchange platform by trading volume is adding support for a new Bitcoin (BTC) staking protocol. In a new announcement, Binance says it will be adding the BTC staking project Babylon (BABY) to its massive suite of digital asset products.
Jack Dorsey said Bitcoin needs payments to scale. Rena Shah, COO of Trust Machines, disagrees.
Michael Saylor, the CEO of the business intelligence company Strategy (formerly MicroStrategy), in his frequent advocacy for Bitcoin, has made another bold claim about the factor fueling Bitcoin's performance in an X post on Thursday.
Before April 9, miners were paying upwards of $3M for chartered flights as they try to outrun the impact of Trump's import levies. Some miners are comparing the tariffs to China's 2021 mining ban.
Matt Hougan declares Bitcoin has transformed from speculative gamble to mature macro asset with institutional backing.
Bitcoin fell below $80,000 Thursday after U.S. President Donald Trump raise tariffs against China to 145%. Plus, crypto friendly Paul Atkins is confirmed as the new chairman of the U.S. Securities and Exchange Commission, and Pakistan seeks to utilize up to 10,000 megawatts of surplus energy for Bitcoin mining.
The “Live Free or Die” state is one step closer to embracing Bitcoin after the House of Representatives passed a reserve bill.
Bitcoin's price stands at $79,630 as of April 10, 2024, with a market capitalization of $1.57 trillion. Over the last 24 hours, bitcoin has traded between $78,424 and $82,401, amassing a strong trading volume of $52.10 billion, reflecting strong participation and volatile market behavior.
With the investment led by Fulgur Ventures and Framework, the firm plans to scale its bitcoin-denominated life insurance and annuity products designed to combat inflation risk.
Peter Schiff, CEO of Euro Pacific Asset Management, has stated that Bitcoin is "losing" against gold.
The Federal Reserve intervened when this crowded trade unwound during the coronavirus pandemic.
After showing flashes of brilliance early in the day, Bitcoin price is now firmly trading under $80K amid fears for a steeper drop. The drop in prices follows the release of US economic job data as Bitcoin (BTC) finds its bearing amid macroeconomic uncertainties.
The leading cryptocurrency couldn't hold above the $80,000 mark on Thursday.
