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  • AVAX eyes $40 after key level retest

    AVAX eyes $40 after key level retest

    • Avalanche (AVAX) recently shattered a significant resistance level, rising to highs of $23.
    • The retreat from the barrier that had previously capped its upward momentum might offer bears some hope.
    • But could bulls maintain the pressure and target the key hurdle of $40 next?

    Avalanche’s recent price action follows a period of consolidation. While optimism remains, the AVAX token has dipped to near support with price around $21.

    Notably, AVAX traded in a tight range between $18 and $20.50 after bouncing off lows of $14.5 seen earlier in the month.

    The breakout to above $23 came amid Bitcoin’s spike to $94k, aligning with broader market performance. Upside momentum completed a significant recovery and formation of a potential cup and handle pattern.

    Buyer action has been accompanied by a surge in trading volume, signaling strong upward interest.

    Potential upside drivers of Avalanche price

    Market sentiment is buoyed by Avalanche’s robust fundamentals and a return to the spotlight for decentralized finance (DeFi) and gaming tokens. The Avalanche ecosystem has benefitted from this, including recent partnerships.

    Spot crypto exchange-traded fund applications and offering of other institution-focused AVAX products has bolstered the native Avalanche token. The US Securities and Exchange Commission has added to the excitement by acknowledging VanEck’s filing for a spot AVAX ETF.

    These developments provide a strong backdrop for AVAX’s price gains, as the network’s utility and scalability remain competitive in the layer-1 blockchain space.

    On-chain data provides further insight. Whale activity has increased, with large transactions spiking over the past week, suggesting accumulation by major holders. Meanwhile, the number of active addresses on the Avalanche network has risen by 15% in the last month.

    A surge above $20 could see AVAX return to above $28 and target a nearly 100% spike to above $40.

    Technical picture for AVAX price

    Bulls have to offer sustained buying pressure to break past key levels.

    Technical indicators are however bullish. The Relative Strength Index (RSI) is approaching 60, indicating growing momentum without entering overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, further supporting the case for continued upward movement.

    AVAX chart by TradingView

    However, challenges remain. The $23 and $28 levels, the latter coinciding with the 200-day moving average, could be a formidable resistance area.

    Avalanche’s breakout above $23 marks a pivotal moment, with technicals and fundamentals aligning for a potential rally to $40.

    While risks persist, the combination of strong network growth, bullish indicators, and increased on-chain activity positions AVAX for further gains, provided it can overcome the next resistance hurdle.

    Weakness to $20 could see AVAX price revisit the recent lows of $14.

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  • Bitcoin decouples? Crypto gains while gold pauses amid trade uncertainty

    Bitcoin decouples? Crypto gains while gold pauses amid trade uncertainty

    Bitcoin nears $94K, eyes Breakout as gold stalls; ETF flows surge

    • Bitcoin rallied to $93,600 (+12.2% weekly) despite mixed US-China trade signals.
    • US Spot Bitcoin ETFs saw nearly $1.3 billion net inflows this week, signaling strong institutional demand.
    • Analysts suggest Bitcoin is decoupling from risk assets, acting more like “digital gold.”

    The cryptocurrency market showed renewed vigor recently, with Bitcoin pushing towards $94,000, although the rally encountered some friction Wednesday following cautious remarks from US Treasury Secretary Scott Bessent regarding the timeline for a comprehensive US-China trade deal.

    Despite this, strong institutional inflows and a potential divergence from traditional risk assets are fueling speculation about Bitcoin’s next major move.

    Bitcoin (BTC) climbed 2.6% over the preceding 24 hours and logged a 12.2% gain over the past seven days, reaching levels near $93,600 – territory not seen since early March.

    While Bitcoin led the charge, broader crypto market strength was evident.

    The CoinDesk 20 index, tracking top digital assets (excluding stablecoins, memecoins, and exchange tokens), rose 4.2% over 24 hours.

    Altcoins like Sui (SUI) posted impressive 24% gains, with Cardano (ADA) and Chainlink (LINK) also advancing around 7%.

    Crypto-related equities, after a strong start, saw gains moderate throughout the day.

    Mining firms Bitdeer (BTDR) and Core Scientific (CORZ) pared back double-digit advances to close up roughly 4%, while Coinbase (COIN) and MicroStrategy (MSTR) finished with gains of 2.1% and 1.4%, respectively.

    The backdrop for this rally included seemingly conflicting signals on the trade front. Earlier in the week, President Donald Trump suggested tariffs on China would “come down substantially” post-deal.

    However, Secretary Bessent tempered expectations on Wednesday, stating no unilateral offer to cut tariffs had been made and predicting a full resolution would likely take “two to three years to achieve.”

    Decoupling debate: Bitcoin mirrors gold amid uncertainty?

    This persistent trade uncertainty, paradoxically, might be contributing to Bitcoin’s strength relative to traditional markets. Some analysts believe the market may be moving past the initial shock of tariff threats.

    “Markets priced in the initial tough stances and tariff threats, which kept a lid on risk appetite over the past two months,” Paul Howard, director at crypto trading firm Wincent, told CoinDesk.

    “History suggests that once the opening volleys pass, more constructive developments and easing volatility typically follow,” he added, suggesting this environment could ultimately support risk assets like crypto.

    The narrative of Bitcoin acting as “digital gold” – a hedge against macroeconomic uncertainty and potential currency debasement – appears to be gaining traction.

    Institutional conviction: ETF flows surge past $1 billion this week

    Underscoring the renewed interest, particularly from larger players, has been the significant turnaround in flows for US-listed spot Bitcoin ETFs.

    According to SoSoValue data, these funds have attracted nearly $1.3 billion in net inflows so far this week alone, marking their strongest daily inflow on Tuesday since mid-January.

    “This [crypto] rally isn’t retail-driven hype—it’s institutional capital positioning ahead of what many see as a new monetary and political regime,” asserted Matt Mena, crypto research strategist at digital asset manager 21Shares.

    “More investors are turning to it not just as a speculative asset, but as a flight to safety amid rising uncertainty across traditional markets.”

    Gold pauses, bitcoin poised? Historical patterns eyed

    Adding another layer to the bullish case is the recent performance of traditional gold.

    After a remarkable run that saw it surge 35% over four months to breach $3,500 per ounce, gold prices pulled back Wednesday, down roughly 2.5% to around $3,290.

    Some analysts interpret this stalling action in gold, following its massive rally, as potentially bullish for Bitcoin.

    Charles Edwards, founder of Capriole Investments, highlighted this dynamic.

    Posting a chart on X (formerly Twitter), he noted that historically, Bitcoin’s major upward moves have often followed significant gold rallies, albeit with a lag of a few months.

    “Bitcoin is showing significant strength,” Edwards stated.

    “We have decoupled from risk assets and the market is now starting to front-run the fact that bitcoin is digital gold. If risk assets were to decay further from here, BTC is the ultimate QE [quantitative easing] hedge.”

    Eyes on $95K: resistance looms despite bullish momentum

    Despite the strong price action and positive indicators, technical hurdles remain.

    Matt Mena from 21Shares cautioned that Bitcoin faces near-term resistance around the critical $95,000 level.

    He suggested a potential pullback could occur before a decisive breakout above this zone. Successfully clearing $95,000 is seen by many traders as key to unlocking further significant upside potential.

    The combination of renewed institutional demand, the compelling “digital gold” narrative gaining traction as traditional gold pauses, and supportive historical patterns suggests Bitcoin may be gearing up for its next major leg higher, with the $95,000 level serving as the immediate gateway.

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  • AERGO price falls 12%, defies broader crypto surge

    AERGO price falls 12%, defies broader crypto surge

    • Aergo price has dived 12% as Bitcoin and top altcoins rally.
    • The AERGO token falls amid profit-taking after a staggering 300% surge.
    • Bears could eye levels below $0.20.

    Aergo price has dipped further as profit-taking holds, with the altcoin declining even as most altcoins rose in the past 24 hours.

    These losses come after a staggering 300% surge for AERGO seen earlier this month. The token has nosedived despite a major network update.

    “With AERGO 2.7.0, smart contract verification enters a new era. By embedding AI-powered auditing directly into the platform, AERGO ensures contracts are not only deployed faster but with greater confidence in their security and integrity,” the Aergo team wrote.

    The AERGO price action today

    As of April 23, 2025, the price of AERGO hovered near $0.21, down 12% per data from CoinMarketCap.

    The decline comes amid heightened volatility, with the token’s meteoric rise having given way to massive selling pressure.

    Notably, like other recent explosive tokens such as VOXEL, Aergo has seen a significant spike in concerns over potential market manipulation.

    Analysts have also pointed to potential insider selling, a 44% drop in a single day recently exacerbating the concerns.

    Market analyst Ash Crypto shared in a post on X:

    As AERGO price falls, altcoins such as Deepbook, Zerebro, and Sui have surged in the past 24 hours.

    ETH, XRP, and SOL have led the mega cap alts higher also.

    The upside follows Bitcoin (BTC) edging past key resistance levels to regain $94k.

    BTC’s surge comes amid a weaker US dollar and strong institutional buying, with news on tariffs and other factors catalysing gains.

    Spot Bitcoin exchange-traded funds have also shown strong institutional demand, aligning inflows with Bitcoin’s resilience.

    This means AERGO’s pullback stands out, including the 10% decrease in daily volume.

    AERGO price analysis

    Despite today’s dip, AERGO remained up 222% in the past month, reflecting the recent strength of the altcoin’s surge.

    However, AERGO’s price action reflects a classic post-pump correction.

    After surging to an all-time high near $0.70 on April 16, driven by Binance’s perpetual contracts and DigiFinex’s USDT trading pair listing, the token faced intense selling pressure.

    It means bulls have a lot to do to reclaim recent peaks.

    On the upside, AERGO faces resistance at $0.23 and $0.28, with a break above potentially targeting $0.42.

    The flipside has a dip below $0.20 and a retest of $0.16 and $0.12.

    If Bitcoin sustains its rally and altcoin sentiment continues to be positive, it will be interesting to watch what AERGO does. Will bulls rebound, or are concerns set to push prices lower?

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  • Tesla reclaims $1B in Bitcoin holdings even as shares fall sharply

    Tesla reclaims $1B in Bitcoin holdings even as shares fall sharply

    Bild eines Bitcoins auf einer Papieroberfläche mit dem Tesla-Logo

    • EV sales fell 13%, production down 16%, causing 20% segment decline.
    • Bitcoin holdings valued over $1 billion as BTC hits $93,000.
    • Tesla holds 11,509 BTC with no transactions this quarter.

    Tesla has reaffirmed its strategic bet on Bitcoin despite disappointing quarterly earnings, a plunging stock price, and slowing electric vehicle sales.

    As of March 31, 2025, the company holds 11,509 Bitcoin, currently valued at just over $1 billion after a 6% rise in the cryptocurrency’s price to $93,000.

    This development comes at a time when Tesla is under pressure from shareholders following a 41% decline in its stock price this year and growing scrutiny around CEO Elon Musk’s political involvement.

    Revenue down, deliveries slump

    Tesla’s Q1 2025 revenue reached $19.34 billion, falling short of Wall Street’s projection of $21.37 billion.

    The shortfall is largely tied to the company’s main business—electric vehicles—which saw a 13% drop in deliveries and a 16% dip in production.

    This led to a 20% year-over-year decline in revenue from its core segment.

    Tesla’s declining delivery numbers mirror broader industry challenges, but some of the headwinds are unique to the company.

    Ongoing protests and concerns around Musk’s dual focus—spanning political appointments and social media commentary—have amplified investor unease.

    Despite this, Tesla made no changes to its Bitcoin position during the quarter, signalling a clear intention to maintain it as a long-term asset.

    Bitcoin strategy remains unchanged

    Tesla’s current holding of 11,509 BTC was first acquired in February 2021, with about 75% of it sold off in July 2022.

    The remainder has been left untouched.

    At the end of 2024, this stash was worth approximately $1.076 billion. By the close of Q1 2025, Bitcoin’s 12% decline had reduced the value to around $951 million.

    However, with Bitcoin prices rebounding to $93,000, the portfolio’s worth has climbed back above the $1 billion mark.

    New rules introduced by the Financial Accounting Standards Board (FASB) require companies to mark their digital asset holdings to market value at the end of each quarter.

    Under this regime, Tesla previously recorded a $600 million unrealised gain in Q4 2024 due to Bitcoin’s rally.

    Tesla’s decision not to buy or sell any Bitcoin in Q1 2025 signals a “HODL” stance—mirroring the strategy of other corporate holders like Strategy and Metaplanet, which also treat Bitcoin as a hedge or strategic reserve.

    Musk shifts from DOGE to Tesla

    Elon Musk, whose support for Dogecoin (DOGE) has frequently made headlines, announced plans to scale back his involvement with the meme coin.

    He said his time allocation would shift in May 2025 as DOGE operations become more self-sufficient.

    This renewed focus on Tesla comes as analysts call for urgent strategic moves.

    Dan Ives of Wedbush labelled the company’s situation a “code red,” suggesting that Tesla may need to rethink parts of its financial strategy, including how it handles its Bitcoin holdings, if current challenges continue.

    Meanwhile, BeInCrypto forecasts that crypto markets will remain unstable until mid-May due to global economic uncertainty and trade pressures.

    However, the broader outlook for digital assets, especially Bitcoin, is more bullish for the second half of the year.

    Analysts expect a rebound driven by post-halving effects, institutional buying, and regulatory clarity in the US.

    As Tesla navigates financial turbulence, its firm stance on Bitcoin indicates that the cryptocurrency is now more than just a side bet—it’s part of a calculated strategy.

    Whether that strategy pays off in Q2 and beyond may depend as much on Musk’s leadership as on Bitcoin’s next move.

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  • Bitcoin gains 12%, mirrors gold as trade war, recession fears mount

    Bitcoin gains 12%, mirrors gold as trade war, recession fears mount

    Bitcoin gains 12%, mirrors gold as trade war, recession fears mount

    • Bitcoin gained 12% in two weeks to April 22, showing resilience amid US-China tariffs.
    • Observers note Bitcoin decoupling from stocks, behaving more like gold (safe haven).
    • US plans for a Strategic Bitcoin Reserve potentially bolster its asset status (Nansen CEO).

    Bitcoin has demonstrated notable strength in recent weeks, seemingly shrugging off the escalating trade tensions between the US and China that have unsettled broader financial markets.

    This resilience, marked by a significant price increase, is fueling observations that the cryptocurrency is increasingly behaving like a traditional safe-haven asset, akin to gold, rather than mirroring the volatility often seen in tech-heavy indices like the Nasdaq.

    Divergence amid trade turmoil

    In the two weeks leading up to April 22, Bitcoin registered a solid 12% price gain.

    This upward movement occurred even as the trade dispute intensified, with the US imposing tariffs reported up to 125% on China, prompting reciprocal measures from Beijing.

    Unlike many other assets sensitive to global trade disruptions, Bitcoin appeared relatively insulated, strengthening the argument for its potential role as a store of value during geopolitical uncertainty.

    Alex Svanevik, CEO of crypto intelligence firm Nansen, highlighted this trend, noting Bitcoin’s apparent “decoupling” from traditional stock markets.

    “Unlike altcoins and major indexes like the S&P 500, Bitcoin has remained relatively stable despite the global trade tensions,” Svanevik observed, according to the analysis.

    However, he cautioned that while resilient to specific trade issues, Bitcoin remains susceptible to broader macroeconomic headwinds, particularly the growing fears of a potential economic recession.

    Bolstering the safe-haven narrative: US reserve plans

    Adding another layer to Bitcoin’s evolving status is the concept of a potential US Strategic Bitcoin Reserve.

    Plans outlined in a presidential executive order suggest the government intends to hold Bitcoin, initially comprising assets seized in criminal investigations.

    More significantly, the order details potential future strategies for acquiring more Bitcoin, possibly funded through tariff revenues or by re-evaluating the Treasury’s gold certificates to generate surplus funds, potentially avoiding the need to sell existing gold reserves.

    Svanevik believes such “regulatory developments will play a significant role in Bitcoin’s growth as a global asset,” potentially enhancing its legitimacy and appeal.

    Recession shadow looms despite crypto gains

    While Bitcoin charts its course, the macroeconomic outlook remains clouded. Concerns about a potential US recession are intensifying, acting as a significant counterweight to bullish sentiment in risk assets.

    A recent report from JPMorgan notably increased its estimated probability of a US recession occurring in 2025 from 40% to 60%.

    The report underscored that existing tariffs, particularly citing the high 145% tariff on China in this context, continue to pose a “significant threat to global growth.”

    Against this backdrop, the Federal Reserve is anticipated to begin easing monetary policy, likely starting in September 2025 with further rate cuts expected through January 2026.

    While monetary easing could stimulate the economy, it might also influence demand dynamics for assets perceived as riskier, potentially including Bitcoin, depending on how investors weigh inflation hedges versus growth prospects.

    Navigating an uncertain future

    Bitcoin’s trajectory appears increasingly shaped by a complex interplay of factors.

    Its resilience during the recent trade friction supports the narrative of it maturing into a gold-like store of value.

    Continued institutional interest and potential government actions like the Strategic Reserve could further solidify this perception.

    However, the looming threat of a broader economic downturn and ongoing regulatory developments, particularly in the US, remain critical variables.

    As global economic anxieties persist, Bitcoin’s ability to maintain its appeal as a hedge against turbulence will be closely watched.

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  • BTC nears resistance zone as analysts flag potential pullback to $76,600

    BTC nears resistance zone as analysts flag potential pullback to $76,600

    Nvidia's $5.5B China chip charge rattles markets, pulls Bitcoin below $84K

    • Key resistance zone flagged between $86,549 and $88,244.
    • MicroStrategy buys 6,556 BTC worth $555.8 million.
    • $90,000 is seen as a psychological and technical barrier.

    Bitcoin has surged back to near $89,000, inching closer to its all-time high and setting the stage for what could be a significant breakout.

    According to crypto analyst Michael van de Poppe, the flagship cryptocurrency is now approaching a crucial resistance band between $86,549 and $88,244.

    This level has historically been difficult to breach, often leading to temporary corrections.

    However, the current market sentiment, combined with macroeconomic cues like a potential US-China deal, is fuelling speculation about a fresh rally past $90,000.

    In a tweet posted earlier this month, van de Poppe shared a technical chart highlighting Bitcoin’s rebound and its current position near a historical resistance level.

    He suggested that Bitcoin may first dip to retest support at $80,982 before making another attempt at a breakout.

    A further decline to $76,604 is also possible if current support fails to hold, marking a retest of a previous support level that could now act as resistance.

    Bitcoin gains 1.5% as whale accumulation boosts sentiment

    Bitcoin’s rise above $88,500 has been aided by strong accumulation from institutional players.

    Notably, US-based corporate holder MicroStrategy recently acquired 6,556 BTC at a total cost of around $555.8 million.

    The purchase comes amid growing interest in Bitcoin as a hedge against inflation and geopolitical risks, and appears to have given the market a confidence boost.

    According to CoinMarketCap, Bitcoin gained 1.5% in the past 24 hours, adding to its 4.7% weekly gain.

    The surge has also lifted overall crypto market capitalisation past $2.7 trillion.

    Source: CoinMarketCap

    Van de Poppe noted that despite nearing overbought territory, the market may remain bullish if Bitcoin consolidates above $88,000.

    A sustained rally past $90,000 could open up a move towards new highs, while failure to maintain support around $80,000 could send prices lower.

    Analyst warns of pullback to $76,604 if support fails

    Technical indicators show that Bitcoin’s RSI is approaching critical levels, suggesting a temporary correction could occur.

    Still, many traders are watching the $90,000 resistance level as the next major milestone.

    If Bitcoin manages to flip $90,000 into support, it could mark a psychological and technical breakthrough.

    Historically, this kind of pattern has led to rapid price discovery.

    However, if momentum fades, the cryptocurrency may struggle to hold onto gains and revisit lower support zones.

    Van de Poppe outlined that a correction to $76,604 would still be within healthy limits and could act as a springboard for a future rally.

    The price level was previously a key support and remains one to watch in the near term.

    Macro trends could support the Bitcoin push

    On the macroeconomic front, van de Poppe hinted at the potential impact of global events.

    In particular, signs of de-escalation between the US and China could reduce market anxiety, prompting increased risk appetite among investors.

    Geopolitical calm, combined with institutional accumulation and favourable regulatory signals, may set the stage for Bitcoin to finally break through its upper resistance.

    However, short-term volatility should not be ruled out, especially as the asset hovers near historically reactive zones.

    As of 14 April, Bitcoin is trading just above $88,606.

    All eyes are now on whether the world’s largest cryptocurrency can consolidate its gains and surge through $90,000 in the coming sessions.

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  • Analyst holds $5 target for Pi Network ahead of major token release

    Analyst holds $5 target for Pi Network ahead of major token release

    Pi Network will rise to $5 despite 5.6M token unlock

    • The over $$138.252 million Pi Network token unlock on over the next 30 days may pressure Pi’s price.
    • Whales have moved 41M PI off exchanges, hinting at a rebound.
    • Analysts predict $5 target with market and ecosystem growth.

    Pi Network token has had a rough patch recently, with the Pi Network price dipping 80% from its all-time high to around $0.63 and struggling to gain momentum amid daily token unlocks.

    Despite the immense bearish pressure exerted by the token unlocks, a bold Pi Network price prediction has emerged from analysts, one of whom foresee the PI token climbing to an impressive $5.

    Why the $5 Pi Network price prediction could be realistic

    To start with, Pi Network price today sits at around $0.63 with a sturdy support at $0.60, a zone some experts believe could serve as a springboard for a breakout toward higher valuations.

    Technical analysis reveals a double-bottom pattern with a neckline at $0.7857, hinting at a possible breakout, while price prediction models suggest a climb to $1.83 by May 2025; a 190% jump from today.

    Adding fuel to the optimism, Pi Network founder Nicolas Kokkalis is slated to speak at Consensus 2025, a major crypto event, signaling a boost in credibility for the project amid the latest Pi Network news.

    Notably, Kokkalis’ appearance at Consensus 2025 alongside crypto giants like Eric Trump and Bo Hines coincides with the unlock of 5.6 million tokens, a move that could either weigh on the price or be absorbed by growing demand, depending on market dynamics.

    At the same time, Pi token whale activity is turning heads, with a single investor withdrawing 7.5 million PI token valued at $4.82 million from OKX, part of a broader $48 million accumulation now worth $31 million.

    From a broader perspective, whales have move approximately 41 million Pi tokens from crypto exchanges, signaling at massive accumulation.

    Such large-scale accumulation suggests confidence in the Pi Network value, potentially foreshadowing a price surge as these investors position themselves ahead of key milestones.

    Analysts also point to several drivers that could spur a potential recovery, including an improving cryptocurrency market, clearer Pi Network tokenomics, listings on top-tier exchanges, and broader ecosystem growth; all critical for the Pi Network price prediction to materialize.

    A listing on exchanges like Binance or Coinbase could also ignite investor enthusiasm, pushing the Pi Network price beyond its stubborn resistance at $0.70, a level it has repeatedly failed to breach.

    Beyond that, expanding real-world use cases for the PI token, such as applications or services accepting it, could solidify its utility and bolster long-term value.

    Possible handles that could curtail Pi Network’s rise

    The planned unlock of 219,065,154.07 tokens over the next 30 days and over 1.5 billion tokens over the next year raises concerns about dilution.

    Pi Network token unlocks over the next month

    And to make things worse, 35 billion PI tokens are held by insiders against 65 billion allocated to the community, a factor that could challenge the Pi Network price.

    In addition, the Pi Network open mainnet launch problems, as users struggle to migrate to the mainnet, has limited exchange presence, keeping its market cap at $4.3 billion and its price in a holding pattern.

    Nevertheless, the team has unveiled an elaborate Pi Network tokenomics with a total supply of 100 billion tokens; 65% allocated to community mining rewards, 10% to the foundation, 5% to liquidity, and 20% to the Core Team, and designed to scale with community migration to the mainnet.

    This tokenomics structure aims to ensure fairness and prevent early dumping, tying the network’s progress to the speed of Pioneer adoption, a unique approach that could stabilize the Pi Network value over time.

    In essence, while the 5.6 million tokens unlock poses a near-term risk, the $5 Pi Network price forecast hinges on Pi Network overcoming its challenges and capitalizing on its ecosystem expansion, making the Pi Network mainstream adoption a critical watchpoint.

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  • Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    Bitcoin eyes $100K? Hayes cites treasury buybacks, weak dollar as catalysts

    • Bitcoin surged past $87,700, fueled by a weakening US dollar and potential US Treasury buybacks.
    • Arthur Hayes predicts Treasury buybacks could be a “bazooka,” pushing BTC past $100K (“last chance” below).
    • Weak dollar (lowest since March 2022) and rising gold correlation support Bitcoin’s appeal.

    Bitcoin’s recent climb, momentarily cresting $87,700, is drawing significant attention, with prominent analysts pointing towards macroeconomic shifts and potential government actions as key drivers that could propel the cryptocurrency well beyond the $100,000 threshold.

    The convergence of a weakening US dollar, anticipated US Treasury debt buybacks, and sustained institutional interest is painting an increasingly bullish picture for the digital asset.

    Macro tailwinds: dollar dips, treasury ‘bazooka’ eyed

    A primary factor supporting Bitcoin’s ascent is the declining value of the US dollar, which recently touched lows not seen since March 2022.

    As the dollar weakens, assets like Bitcoin often become more appealing to global investors seeking a hedge against fiat currency devaluation.

    Adding potent fuel to this narrative is the prospect of the US Treasury repurchasing its own debt.

    Arthur Hayes, the influential co-founder of BitMEX and current CIO of Maelstrom, has highlighted this potential move as a significant catalyst.

    He posited that upcoming Treasury buybacks could inject substantial liquidity into the financial system, effectively acting as a “bazooka” for Bitcoin’s price.

    Hayes went so far as to suggest this period might represent the “last chance” for investors to acquire Bitcoin below the $100,000 mark, anticipating that these buybacks could easily push the price past that psychological barrier.

    Technical signals and institutional trust bolster case

    The bullish sentiment finds resonance in technical analysis and continued institutional adoption.

    Ryan Lee, Chief Analyst at Bitget Research, noted that Bitcoin’s price chart recently completed a “descending wedge breakout,” a technical pattern often interpreted as supportive of further upward movement.

    This technical picture is complemented by Bitcoin’s growing correlation with gold, another traditional safe-haven asset, which itself has surged nearly 30% this year.

    Furthermore, global institutional appetite for Bitcoin appears unwavering despite recent price volatility.

    Reports indicate that investment firms, notably from Japan and the UK, have maintained their commitment, channeling capital into the cryptocurrency.

    This sustained institutional inflow signals enduring confidence in Bitcoin’s long-term value proposition.

    Analysts eye six-figure targets amid fiat expansion

    As Bitcoin tests resistance levels nearing $90,000, some analysts are setting their sights considerably higher.

    Jamie Coutts of Real Vision forecasts that expanding fiat money supply (M2) could drive Bitcoin to as high as $132,000 by the end of the year.

    This projection finds company with analysis from economist Timothy Peterson, who, citing historical market patterns, suggests Bitcoin could potentially reach $138,000 within the next three months.

    Political pressures add fuel to the fire

    The intricate macroeconomic picture is further complicated by the political landscape.

    President Donald Trump’s public calls for the removal of Federal Reserve Chair Jerome Powell have intensified market expectations of potential interest rate cuts.

    Such cuts, aimed at stimulating the economy, would likely exert further downward pressure on the US dollar, potentially creating an even more favorable environment for Bitcoin’s price appreciation.

    A note of caution amidst the bullish chorus

    Despite the confluence of positive indicators, some market observers urge caution regarding short-term price action.

    Analyst Michaël van de Poppe warned that weekend rallies can sometimes prove ephemeral and that Bitcoin might face a pullback before decisively conquering key resistance zones.

    The $91,000 level is widely seen as the next significant hurdle.

    Until Bitcoin firmly establishes itself above this mark, the possibility of short-term corrections remains.

    Nonetheless, the combination of weakening fiat dynamics, anticipated liquidity injections via Treasury buybacks, robust institutional support, and supportive technical patterns creates a compelling narrative for Bitcoin’s continued ascent towards, and potentially well beyond, the $100,000 milestone.

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  • PepeX maintains upside momentum as Bitcoin, Solana dominate the majors

    PepeX maintains upside momentum as Bitcoin, Solana dominate the majors

    PepeX, the first AI-powered memecoin launchpad, kicks off presale

    Bitcoin and Solana have emerged as top performers as crypto majors and meme tokens strive to recover. While investors shift to Bitcoin for its stability, Solana has become a key player in DEX trading.

    At the same time, investors are on the look out for fresh projects with robust growth potential. PepeX, which has emerged as one of the top meme ICOs to watch out for in 2025, offers its holders an irresistible opportunity to rake in hefty gains during its presale and beyond. Its infrastructure seeks to restore transparency, fairness, and accessibility in the meme crypto space.

    Bitcoin heightened dominance paves the way to $90,000

    Bitcoin price began the new week on a high; rallying to a three-week high in early Monday session. Since hitting a five-month low two weeks ago, the crypto major has rebounded by about 17%. At the time of writing, it was trading at $87,488. 

    Despite the persistent economic uncertainties, bulls are optimistic that Bitcoin price will soon retest the crucial zone of $90,000. CoinGecko’s 2025 Q1 crypto industry report showed that despite the drop in investor activity, Bitcoin’s dominance in the cryptocurrency space hit a level last recorded in early 2021 at 59.1%. 

    Having rebounded past the 25 and 50-day EMAs, the bulls have an opportunity to retest the crucial support-turn-resistance zone of $90,000. However, the bulls will need to gather enough momentum to break the immediate-term resistance at $89,075. On the lower side, $82,959 is set to offer steady support to Bitcoin price. 

    Bitcoin Price
    Bitcoin Price

    PepeX maintains upward momentum as it restores integrity in the meme crypto space 

    AI-related cryptocurrencies have captured investors’ attention as they look past the majors for projects with robust growth potential. In the past 24 hours, AI meme market cap rose by 6.5% to $2.34 billion.

    Notably, most of these fresh projects are moving past meme jokes to offer solutions to existing challenges within the crypto space. PepeX is one such crypto. As the world’s first AI-powered tokenization launchpad, it seeks to solve the persistent issues of security, fairness, and transparency. Indeed, it comes at an opportune time and investors are taking note of it. 

    In the recent past, platforms like Pump.fun have allowed pump-and-dump schemes that saw investors lose hefty amounts of money. To solve this issue, PepeX has integrated anti-sniping tools and a bubble map tool to discourage early dumping and any shady launches. Besides, the creators’ holdings are capped at 5% of the total supply, which they could lose to its community should the project fail. 

    This one-of-a-kind infrastructure has attracted the attention of meme coin enthusiasts, enabling it to raise over $1.4 million just four weeks into its presale. In addition to its real-world use case and subsequent growth potential, early adopters have an opportunity to rake in huge gains during the 30-stage presale. 

    With every three-day stage, the token price increases by 5%. What started at $0.02 is currently at $0.0243 and is set to rally further to $0.0823 before the token hits the public shelves in Q3. Read more on how to buy PepeX.

    Solana dominance in DEX trading fuels recovery

    Solana Price Chart
    Solana Price Chart

    In the recent months, altcoins and meme coins have been under selling pressure. However, as the assets find their footing, Solana has emerged as one of the top performers. 

    Notably, its dominance in the decentralized exchange (DEX) space has fueled its recovery. As highlighted by CoinGecko, Solana dominated DEX trades at a rate of 39.6% in Q1’25. 

    A look at its daily chart shows Solana price trading above the 25 and 50-day EMAs. In the short term, I expect $126.90 to be a steady support zone as the bulls strive to break the resistance at $144.50. If successful, the next target will be at $155. 

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  • Why Bitcoin ETFs face outflows post-recovery

    Why Bitcoin ETFs face outflows post-recovery

    Bitcoin ETFs seeing huge outflows despite BTC price recovery

    • $812M has left Bitcoin ETFs in April despite Bitcoin price recovery post‑tariff pause.
    • Institutions are shifting to bonds and AI/tech funds amid risk‑off sentiment.
    • Regulatory delays and media FUD also fuel cautious ETF positioning.

    Bitcoin ETFs have registered significant fund withdrawals even as spot Bitcoin (BTC) price regained ground following President Trump’s 90‑day suspension of reciprocal tariffs.

    The temporary tariff relief helped stabilize global markets, fueling a Bitcoin price rebound that saw it climb back toward the mid‑$80,000s.

    However, institutional investors have continued to pull money out of spot Bitcoin ETFs, culminating in a dramatic $171.10 million net outflow on April 17, according to Coinglass data.

    The most affected ETFs are Fidelity’s FBTC and ARK Invest’s ARKB, each of which has seen over $113 million in outflows.

    BlackRock’s IBIT, however, continues to enjoy modest inflows with $30.60 million inflows as of April 17, 2025.

    Bitwise’s BITB, VanEck’s HODL, and Grayscale Bitcoin Mini Trust ETF (BTC) have also weathered the storm with $12.8M, $6.7M, $2.4M, and $3.4M inflows respectively.

    Month‑to‑date flows show that more than $800 million departed Bitcoin ETFs in early April, following $767 million in March.

    This extended streak of weekly outflows eclipses even the heaviest withdrawal phases seen since these products debuted in January 2024.

    Why the huge Bitcoin ETFs outflows?

    Notably, this trend underscores a broader risk‑off sentiment among professional investors reluctant to reallocate capital into volatile digital assets.

    Surging US interest rates have rendered government bonds more appealing, prompting capital rotation out of crypto ventures.

    Concurrently, profit‑taking after Bitcoin’s late‑2024 rally motivated holders to crystallize gains, dampening demand for ETF exposure.

    Investors are also contending with fractured regulatory signals, as promised crypto‑friendly legislation remains stalled in Congress.

    Confusion surrounding token unlock schedules for structured Bitcoin products exacerbates fears of sudden supply surges.

    Moreover, strong inflows into AI and tech‑focused exchange‑traded funds have lured momentum‑driven capital away from crypto.

    Persistent media rhetoric around a “Bitcoin ETF exodus” further compounds negative sentiment and amplifies withdrawal pressures.

    Bitcoin miners have also felt the squeeze, with March profitability down 7.4% as average fees and prices cooled although leading miners like Marathon Digital and CleanSpark maintained robust production and expanding hash rates despite shrinking margins.

    Tax‑loss harvesting strategies and quarter‑end portfolio rebalancing have also applied technical selling pressure on ETF shares.

    The interplay of these forces paints a nuanced picture: spot Bitcoin prices can recover while ETF flows simultaneously languish.

    Investors now face a delicate balancing act between capturing crypto’s upside potential and managing exposure to its inherent volatility.

    A weaker US dollar amid shifting Federal Reserve forecasts has provided some tailwind for Bitcoin valuations in recent weeks.

    However, the comparative stability and yield of US Treasuries continue to attract institutional allocations away from high‑beta crypto instruments.

    As the market digests these divergent signals, the tug of war between price recovery and Bitcoin ETFs fund outflows may define next Bitcoin (BTC) maturation phase.

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