Pi Network (PI) could be on the recovery path alongside Bitcoin (BTC), with past $1 highs now back in focus as early as this week. The post Can Pi Network Hit $1 This Week? Bitcoin's Strength Might Be the Key appeared first on Cryptonews.

Bitcoin's price seems to be steadily rising during today's session, but there is some pressure building just above the current levels.

As China tightens its grip on crypto-related activity, local authorities are reportedly struggling to handle one particular issue: what to do with the growing stockpile of digital assets seized from criminal cases.

As global financial markets absorb the impact of renewed trade tensions and rising interest rates, QCP Capital notes a critical shift in the Federal Reserve's focus away from inflation and toward recession risk. What Happened: In its commentary published on Wednesday, the Singapore-based trading firm said signs of a Fed pivot are emerging, yet Bitcoin (CRYPTO: BTC) has failed to behave like a safe-haven asset in this evolving macro landscape.

A recent Reuters report reveals that China holds 15,000 bitcoin ( BTC) confiscated through criminal investigations. However, officials are currently entangled in deliberations over how to handle these digital assets, as cryptocurrency trading remains prohibited in the country.

TL;DR Bitcoin Pulls Back: Bitcoin dips below $84K from a recent peak near $84,200, with the broader crypto market contracting by about 2.2% in the last 24 hours.

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

VanEck's head of research has pitched a new type of US Treasury bond partially backed by Bitcoin to help refinance $14 trillion in US debt.Matthew Sigel pitched the concept of “BitBonds” — US Treasury bonds with exposure to Bitcoin (BTC) — at the Strategic Bitcoin Reserve Summit 2025 on April 15. The new 10-year bonds would be composed of 90% US traditional debt and 10% BTC exposure, Sigel said, appealing to both the US Treasury and global investors.

The Bitcoin open interest has remained on the high side despite the price declines, suggesting that interest in the leading cryptocurrency by market cap remains abundant. This interest is no doubt a good thing for the crypto market, especially in the long-term.

Bitcoin's (CRYPTO: BTC) continued dominance over the crypto market is setting the stage for a potential rally to new highs, with traders eyeing $93,000 in the near term. What Happened: In a podcast published on Tuesday, crypto analyst Benjamin Cowen emphasized that Bitcoin dominance is surging, breaking out of a multi-year wedge and currently sitting at 63.08%, or nearly 69% excluding stablecoins.

Chinese local governments are selling seized cryptocurrency through private firms to boost finances, despite the country's ban on crypto trading.

TL;DR Hybrid Financing Innovation: VanEck introduces BitBonds—a 10-year debt instrument combining 90% U.S. Treasury bonds with 10% Bitcoin exposure—to tackle the U.S. government's $14 trillion refinancing need. Investor Upside with Controlled Risk: VanEck's BitBonds offers investors shared gains if Bitcoin's performance drives yields above a 4.5% cap, while the Treasury component helps mitigate downside risks.

China has its sights on a mass sale of a cache of Bitcoins confiscated from illicit activities, threatening to sink prices in the short term. Chinese authorities are sitting on 15,000 Bitcoin, sparking debates over the handling of seized cryptocurrencies.

An analyst at a prominent global investment firm thinks Bitcoin (BTC) could surge to $180,000 in the second half of 2025. Matthew Sigel, the head of digital assets research at VanEck, says in a new interview with David Lin that his target is based on an analysis of previous BTC cycles.

Oklahoma has officially exited the race to establish a Strategic Bitcoin Reserve (SBR) after a key bill failed to advance in the State Senate. On April 15, the Oklahoma Senate Revenue and Taxation Committee voted 6-5 to strike down House Bill 1203, also known as the Strategic Bitcoin Reserve Act.

A Bitcoin Policy Institute (BPI) executive floated a $1 million Bitcoin price scenario if the United States were to buy 1 million BTC. In a Bitcoin Magazine podcast, Zach Shapiro, the head of policy for the Bitcoin-focused BPI think tank, said that a 1 million Bitcoin (BTC) purchase by the US would have a massive impact on the price of the asset.

Gold prices have surpassed $3,300 per ounce, setting a historic high as global markets face heightened volatility.

Antpool transferred over 2,009 Bitcoin to unknown wallets, raising concerns about potential miner selling pressure.

By Francisco Rodrigues (All times ET unless indicated otherwise)

Bitcoin miners are ramping up sales, adding pressure to prices, while large investors remain hesitant amid ongoing bearish conditions.

A Bitcoin whale that was in hibernation for two years has come back to life and immediately went to buy some BTC.

Semler Scientific plans to buy more Bitcoins with its $500 million offering. The healthcare tech firm also disclosed a $30 million settlement with the US DOJ.

Semler Scientific, a healthcare technology firm, has reported significant paper losses on its Bitcoin investments, amounting to approximately $41.8 million since Dec. 31, 2022.

While uncertainty reigns in the markets and regulators tighten the noose, BlackRock continues its crypto strategy without faltering. The American asset manager has just injected an additional 37 million dollars into bitcoin through its IBIT fund.

TL;DR Bitcoin Miners under Pressure: Rising operational costs and declining BTC prices force Bitcoin miners to sell significant BTC reserves to cover expenses. Massive Sell-Off: On April 7, Bitcoin miners unloaded 15,000 BTC—valued at a minimum of $1.12 billion—marking the third-largest daily outflow this year.

Gold continues to chart new all-time highs.

VanEck's Matthew Sigel has proposed a Bitcoin-backed bond product called BitBonds to help the US refinance $14 trillion in debt.

Oklahoma's bill proposed allocating 10% various state of funds into eligible cryptocurrencies.

A recent post by crypto analyst Axel Adler Jr sheds light on Bitcoin's current market health using the Pareto Principle. His analysis shows that 80% of the network's coins are still in profit, while 20% are at a loss.

While Bitcoin has continued in its current corrective phase, the prices of gold and silver have headed strongly in the opposite direction. Gold has now surpassed $3,300, and silver is above $33.

Bitcoin's (BTC) on-chain metrics are flashing a key signal once again, as the short-term holder (STH) MVRV ratio fell to 0.82 — a level historically associated with market stress and capitulation, according to Glassnode data.

Bitcoin has been facing consistent struggles over the past few months, with recent attempts at recovery falling short of expectations.

Bitcoin's (CRYPTO: BTC) comparative underperformance against gold so far this year may soon flip, with crypto veteran Anthony Pompliano asserting that historical trends point to a coming surge in Bitcoin returns. What Happened: Speaking on CNBC's Squawk Box on Tuesday, the founder and CEO of Professional Capital Management said the digital asset is "acting like it wants to go higher" and is likely to leave gold behind in the coming months.

The tariffs started by President Trump also have various side effects. One of them comes in the form of BTC mining machines.

On Mar. 6, 2025, an executive order set up the U.S. Strategic Bitcoin Reserve. The order prohibits the government from selling bitcoins or buying more using taxpayers' money.

Bitcoin (BTC) hovers near $83,300 as whales take profits and institutions like Strategy and Semler double down on their BTC bets.

OM is the biggest gainer over the past 24 hours.

Semler Scientific reported a $41.8 million unrealized loss on its Bitcoin holdings in Q1 2025.

After US President Donald Trump's tariff-induced market plunge, the crypto market, including Bitcoin (BTC), Pi Network's Pi Coin, and the presale-stage PepeX (PEPX), is experiencing a rebound after tariffs pause, with investors eyeing potential gains as the market stabilizes.

Semler Scientific (SMLR), a US-based medical technology company, has revealed plans to acquire more Bitcoin (BTC) despite facing a 5.0% unrealized loss on its previous BTC investments.

Large Bitcoin holders and investors have been aggressively accumulating over the past month or so, say analysts.

Bitcoin (BTC) has broken through the descending trendline of the last three months and is currently consolidating above. Is a dip back below next, or can the bulls hold the line and send the price upwards?

On the higher time frame, Bitcoin appears to still be in a bearish market with the asset recording a 21.7% decrease away from its all-time high (ATH) above $109,000 recorded in January. However, when slightly zoomed in, it is seen that the asset is seeing a gradual and steady rebound surging 6.8% in the past week to bring its asset closer to the psychological $90,000 mark with a current trading price hovering above $85,000.

Altseason has evolved over the years - which is why you shouldn't expect it yet.

Healthcare technology company Semler Scientific Inc. (NASDAQ:SMLR) announced its latest securities offering Tuesday to add to its fast-expanding Bitcoin (CRYPTO: BTC) stockpile. What happened: In a Form S-3 registration statement with the SEC, the firm proposed to offer $500 million in securities, including debt securities, common stock, units, and warrants.

President Donald Trump's announcement that the U.S. will delay imposing his tariffs for 90 days could provide a unique buying opportunity for crypto investors. Quite simply, it could be the time to load up on cryptos that will continue to perform well, even when higher tariffs go into effect this summer.

Bitcoin (BTC) has been many things in its 16-year existence, with some claiming it to be little more than a gambling fad and yet others taking a completely opposite stance and positioning it as the biggest financial revolution in recent history.

The crypto bull run may have ended, with the market poised for a winter characterized by prolonged losses and stagnation, according to Coinbase's institutional arm.