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Yahoo
21 hours ago
- Business
- Yahoo
Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut
By Ateev Bhandari (Reuters) -The Ether Reserve, a new crypto venture backed by prominent crypto investors, will list on the Nasdaq through a merger with blank-check firm Dynamix Corporation and is expected to raise over $1.6 billion. The combined entity, to be named The Ether Machine, aims to launch with more than 400,000 Ether on its balance sheet, positioning it as the largest public vehicle for institutional exposure to the world's second-largest cryptocurrency. Shares of Dynamix rose nearly 28% in early trading. The deal highlights rising institutional interest in holding crypto on corporate balance sheets, with several projects announcing plans in recent months to publicly list their shares while aiming to wrap crypto assets into equity to attract traditional investors. While most corporate interest has focused on Bitcoin, Ether has surged in recent weeks, hitting a six-month high on Friday. Ether stands out for its yield-generating capability and its use in digitizing real-world assets, according to Andrew Keys, who will serve as Ether Machine's chairman. Ether holders earn returns via staking, a process that supports the operation and security of the Ethereum network. 'Bitcoin doesn't have yield and Ether does,' Keys, who previously worked with Ethereum co-founder Joseph Lubin, told Reuters in an interview. Investors in the blank-check deal, including Kraken, and Pantera Capital, are contributing more than $800 million through an upsized common stock offering. ECOSYSTEM DOMINANCE Ethereum is growing in a way that is reminiscent of how Google dominated internet search, Keys said, adding that 90% of stablecoins and other real-world tokenizations are settled on the platform. The blockchain supporting Ether can have "infinite assets created on top of it and we can have infinite functionality through smart contract usage," he added. Smart contracts are self-executing digital agreements on blockchains, eliminating intermediaries. Ether has also benefited from increased regulatory clarity around U.S. dollar-pegged stablecoins. "The largest beneficiary of the Genius Act is Ethereum because the majority of stablecoins reside on top of Ethereum," Keys said. The company will trade on the Nasdaq under the symbol "ETHM" upon deal close, which is expected in the fourth quarter of 2025.
Time Business News
6 days ago
- Business
- Time Business News
Crypto Recovers Expands to Global Support as a Crypto Recovery Service
Zoetermeer, Netherlands Crypto Recovers, the international branch of Cryptoherstel and a trusted name in crypto wallet recovery, is expanding its services to support a global audience. The company now offers multilingual support and has introduced a new partner-referral program, helping individuals and businesses securely regain access to billions in stranded digital assets. With an estimated 100 billion US dollars in Bitcoin alone locked in inaccessible wallets, the need for reliable recovery services is more urgent than ever. Since 2019, Crypto Recovers has helped clients recover everything from small personal holdings to crypto treasuries worth millions. The company supports a wide range of wallets, including MetaMask, MultiBit, Jaxx Liberty, and Every case begins with a free, encrypted feasibility check so clients understand their chances before any recovery work starts. 'Losing a password shouldn't mean losing a life-changing sum of money,' said Robbert Bink, CEO of Crypto Recovers. 'We created Crypto Recovers to make the recovery process secure, transparent, and above all, human. Whether you're an early adopter from 2010 or just getting started, there is now a trustworthy way forward.' Multilingual support Services are now available in English, Spanish, German, French, Polish, Italian, and Brazilian Portuguese, with more languages on the way. Partner-referral program Wallet providers can integrate Crypto Recovers into their support workflows and earn commissions on each successful case. Privacy-first approach All data is protected with end-to-end encryption and permanently deleted after a successful recovery. Clients only pay if the recovery is successful. Locked wallets are a global issue affecting everyday crypto users. Without reputable recovery options, many people resort to using risky scripts or unverified individuals, which can make the situation worse. Crypto Recovers offers a professional, secure, and ethical solution to help rightful owners regain access to their digital assets. The company combines technical expertise with clear communication and strict verification at every step. Founded in 2019, Crypto Recovers provides secure and ethical crypto wallet recovery services for individuals and organizations. The company operates on three core principles: prioritize client privacy, charge only for proven results, and treat every client as a partner, not a ticket number. TIME BUSINESS NEWS
Coin Geek
12-06-2025
- Business
- Coin Geek
A look into BTC hash rate's surge and its implications
Getting your Trinity Audio player ready... BTC's hash rate—the total computational power securing the network—reached an all-time high in early June despite rising mining difficulty. This milestone underscores the resilience and growing participation in block reward mining, even as the industry faces regulatory scrutiny, energy concerns, and market volatility. The surge in hash rate reflects technological advancements and the strategic maneuvers of miners adapting to a competitive and dynamic environment. This article explores the factors driving this record-breaking hash rate, its implications for the BTC network, and what it means for the future of block reward mining. The hash rate, measured in exahashes per second (EH/s), represents the combined processing power of miners worldwide competing to find a computationally high number to validate transactions and earn BTC rewards. According to data from the BTC hash rate peaked at approximately 700 EH/s in early June 2025, surpassing previous records set earlier in the year. This surge comes despite a mining difficulty adjustment that reached its all-time high, making it harder for miners to find new blocks. Mining difficulty, which adjusts roughly every two weeks to maintain a consistent block time of about 10 minutes, has been climbing steadily due to increased network participation. Several factors have contributed to this unprecedented hash rate. First, advancements in mining hardware have played a pivotal role. Companies like Bitmain and MicroBT have released next-generation ASIC (Application-Specific Integrated Circuit) miners with improved efficiency, allowing miners to process more hashes per unit of energy. These machines, such as Bitmain's Antminer S21 Pro, boast efficiencies below 15 joules per terahash (J/TH), a significant improvement over older models. As a result, miners can maintain profitability even as electricity costs and network difficulty rise. Second, the geographic redistribution of mining operations has bolstered the hash rate. After China's 2021 crackdown on crypto mining, which once accounted for over 60% of BTC's hash rate, miners relocated to regions with favorable regulations and abundant energy, such as the United States, Kazakhstan, and Canada. The U.S. alone now hosts nearly 40% of the global hash rate, driven by access to cheap energy in states like Texas and Wyoming. Additionally, countries like Pakistan have emerged as new players, with plans to allocate 2,000 megawatts (MW) of electricity to Bitcoin mining and artificial intelligence (AI) data centers, as announced at the BTC Vegas 2025 conference. These shifts have diversified the mining landscape, making the network more resilient to regional disruptions. Third, the rising BTC price, hovering around $100,000 in June 2025, has incentivized miners to ramp up operations. Higher prices increase the value of block rewards (currently 3.125 BTC per block, following the April 2024 halving), offsetting energy and hardware costs. Posts on X highlight that miners are reinvesting profits into expanding their fleets, further driving the hash rate upward. This trend is evident in companies like BitFuFu (NASDAQ: FUFU), which reported a 91% increase in mining output, reflecting the sector's operational growth. The record hash rate has significant implications for the BTC network. A higher hash rate enhances security by making it more difficult for malicious actors to execute a 51% attack, where an entity controls the majority of the network's computational power. With 700 EH/s, the cost of such an attack is prohibitively high, requiring billions of dollars in hardware and energy. This bolsters confidence in BTC as a decentralized and tamper-resistant system, particularly as institutional adoption grows. However, the hash rate surge also raises challenges. The increased computational power has driven up energy consumption, reigniting debates about BTC's environmental impact. Critics argue that mining's reliance on fossil fuels contributes to carbon emissions, though defenders point to the growing use of renewables. For instance, a 2024 report by the Bitcoin Mining Council estimated that 59% of global mining uses sustainable energy sources, such as hydroelectric and solar power. Miners in regions like Quebec and Iceland are increasingly tapping into green energy to mitigate criticism and reduce costs. Another challenge is the profitability squeeze for smaller miners. As difficulty rises, those with older hardware or higher electricity costs struggle to compete. This has led to consolidation in the industry, with large-scale operations like Marathon Digital (NASDAQ: MARA) and Riot Platforms (NASDAQ: RIOT) dominating the market. Smaller bitcoin miners are exploring alternatives, such as joining bitcoin mining pools or adopting cloud mining solutions like BAY Miner's new mobile app, which allows users to mine BTC without owning hardware. Looking ahead, the record hash rate signals a robust and competitive mining ecosystem, but its sustainability depends on several factors. Continued innovation in hardware efficiency, access to affordable and renewable energy, and supportive regulatory frameworks will be critical. Additionally, the upcoming Bitcoin halving in 2028, which will further reduce block rewards, will test miners' adaptability. For now, the hash rate milestone underscores Bitcoin's enduring appeal and the relentless drive of miners to secure the network. In conclusion, BTC's record-breaking hash rate in June 2025 reflects a confluence of technological, economic, and geographic factors. While it strengthens the network's security and highlights the industry's growth, it also brings challenges related to energy use and market dynamics. As the block reward mining landscape evolves, the balance between profitability, sustainability, and decentralization will shape its future trajectory. Watch: Bitcoin mining in 2025: Is it still worth it? title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen> Bitcoin Block Reward Mining BTC Hash Rate
Yahoo
10-06-2025
- Business
- Yahoo
Crypto Daybook Americas: Bitcoin Options Point to Gains as Bullish Flow Builds Ahead of CPI Data
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC rose over the weekend, offering a reprieve after a week of market jitters. It is now trading around $106,600 after gaining 1.2% in the past 24 hours, while the broader CoinDesk 20 (CD20) index added nearly 1.7%. The recovery appeared driven less by headlines and more their absence, marking a shift from the public feud between U.S. President Donald Trump and Tesla CEO Elon Musk that rattled investors. As tensions cooled, markets recovered. Even developments that might be seen as negative did not appear to sway markets. These include Taiwan-based crypto exchange BitoPro confirming being hacked, and data from showing a slowdown in BTC's network activity to the lowest level in a year. Meanwhile, the Hang Seng index jumped 1.6% as traders reacted to U.S. President Donald Trump expressing optimism for talks with China in London that start today, saying the meeting 'should go very well.' Still, concerns are mounting over deflation in China. Consumer prices fell 0.1% year-over-year in May and factory gate prices dropped 3.3%, the steepest decline since October 2022. The People's Bank of China has already responded by trimming interest rates, reducing reserve requirements, and injecting liquidity into the market. That may eventually benefit cryptocurrencies, which often trade in tandem with liquidity conditions in traditional markets. All that may recede in importance on Wednesday, when the U.S. announces the latest inflation figures. May's consumer price index report is expected to show a rise in core inflation to 2.9%, up from 2.8% in April. A stronger-than-expected reading could delay the Federal Reserve's next rate cut and inject volatility across financial markets. In a note published Monday, Spanish bank Bankinter warned that rising inflation and U.S. bond yields could pressure equity valuations and weaken the "fear of missing out" momentum that's been propping up global stocks and other risk assets. The yield on the 10-year Treasury has already climbed to 4.5%, a level that could begin to weigh on market sentiment if inflation surprises to the upside. Crypto markets, for now, are caught in the crossfire. Stay alert! Crypto June 9, 1-5 p.m.: U.S. SEC Crypto Task Force roundtable on "DeFi and the American Spirit" June 10, 10 a.m.: U.S. House Final Services Committee hearing for Markup of Various Measures, including the crypto market structure bill, i.e. the Digital Asset Market Clarity (CLARITY) Act. June 11, 7 a.m.: Stratis (STRAX) activates mainnet hard fork at block 2,587,200 to enable the Masternode Staking protocol. June 16: 21Shares executes a 3-for-1 share split for ARK 21Shares Bitcoin ETF (ARKB); ticker and NAV remain unchanged. June 16: Brazil's B3 exchange launches USD-settled ether (0.25 ETH) and solana (5 SOL) futures contracts, approved by Brazil's securities regulator, the Comissão de Valores Mobiliários (CVM) and benchmarked to Nasdaq indices. Macro June 9, 8 a.m.: Mexico's National Institute of Statistics and Geography (INEGI) releases May consumer price inflation data. Core Inflation Rate MoM Prev. 0.49% Core Inflation Rate YoY Prev. 3.93% Inflation Rate MoM Prev. 0.33% Inflation Rate YoY Prev. 3.93% June 10, 2 a.m.: The U.K.'s Office for National Statistics releases April employment data. Unemployment Rate Est. 4.6% vs. Prev. 4.5% Employment Change Prev. 112K June 10, 8 a.m.: The Brazilian Institute of Geography and Statistics (IBGE) releases May consumer price inflation data. Inflation Rate MoM Prev. 0.43% Inflation Rate YoY Prev. 5.53% June 11, 8:30 a.m.: The U.S. Bureau of Labor Statistics (BLS) releases May consumer price inflation data. Core Inflation Rate MoM Est. 0.3% vs. Prev. 0.2% Core Inflation Rate YoY Est. 2.9% vs. Prev. 2.8% Inflation Rate MoM Est. 0.2% vs. Prev. 0.2% Inflation Rate YoY Est. 2.5% vs. Prev. 2.3% Earnings (Estimates based on FactSet data) None in the near future. Governance votes & calls ApeCoin DAO is weighing scrapping the decentralized autonomous organization and launching ApeCo to 'supercharge the APE ecosystem.' Optimism DAO is voting to approve eligibility criteria for the Milestones and Metrics (M&M) Council in Seasons 8 and 9, introducing a model where members are selected 'based on competencies rather than elections.' Voting ends June 11. June 10, 10 a.m.: to host an analyst call followed by a Q&A session. June 11, 7 a.m.: Cronos Labs lead Mirko Zhao to participate in a community Ask Me Anything (AMA) session. Unlocks June 12: Aptos (APT) to unlock 1.79% of its circulating supply worth $53.61 million. June 13: Immutable (IMX) to unlock 1.33% of its circulating supply worth $12.82 million. June 15: Starknet (STRK) to unlock 3.79% of its circulating supply worth $16.90 million. June 15: Sei (SEI) to unlock 1.04% of its circulating supply worth $10.59 million. June 16: Arbitrum (ARB) to unlock 1.91% of its circulating supply worth $32.21 million. June 17: ZKsync (ZK) to unlock 20.91% of its circulating supply worth $41.25 million. June 17: ApeCoin (APE) to unlock 1.95% of its circulating supply worth $10.88 million. Token Launches June 9: Skate (SKATE) to be listed on Binance, Bybit, MEXC,KuCoin, Bitget and others. June 16: Advised deadline to unstake stMATIC as part of Lido on Polygon's sunsetting process ends June 26: Coinbase to delist Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN) and Synapse (SYN). The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. June 14: Incrypted Crypto Conference 2025 (Kyiv) June 18-19: Canadian Blockchain Consortium's 2nd Annual Policy Summit (Ottawa) June 19-21: BTC Prague 2025 June 25-26: Bitcoin Policy Institute's Bitcoin Policy Summit 2025 (Washington) June 26: The Injective Summit (New York) June 26-27: Istanbul Blockchain Week June 30 to July 3: Ethereum Community Conference (Cannes, France) By Francisco Rodrigues Skate, a blockchain infrastructure layer focused on unifying liquidity across decentralized networks, is introducing its SKATE token today. The Token Generation Event (TGE) marks the public debut of the token, with listings on Binance Alpha, Bybit and MEXC. Formerly known as Range Protocol, Skate is building a framework that allows decentralized applications (dapps) to run across multiple virtual machines like Ethereum, Solana and TON without needing separate deployments. The token lies at the heart of the system, supporting governance, staking and liquidity provision through the network's automated market maker (AMM). Out of a fixed 1 billion token supply, 10% is being distributed via airdrops to early users, ecosystem contributors and NFT campaign participants. Claiming and staking the tokens immediately may boost rewards by 30%. MEXC's pre-market trading started on June 4, with prices initially jumping 33% to $0.20 before dropping back down to $0.12 at the time of writing. BTC options open interest on Deribit is $32.9B, with calls significantly outweighing puts at 200,000 contracts versus 110,000. The put/call volume ratio stands at 0.54, indicating continued demand for upside exposure. The $140K strike leads all others with 16,100 calls open, representing $1.79B in notional value. The 27 June expiry is the main focal point, accounting for $13.1B in notional open interest or 41% of the total. Daily notional flow is highest at this expiry with $206M traded, followed by $194M at the 13 June expiry. Monday flow data from Deribit shows 31% of contracts were calls bought and 17% were puts bought. The rest of the activity came from call and put selling, suggesting traders are combining bullish positioning with yield strategies at higher strikes. Coinglass liquidation heatmaps show high concentrations of long leverage near $104K and $107K. A total of $39M in liquidation leverage is stacked around $104.7K, making it a key downside level to watch for potential forced selling. Funding rates from Velo are steady, with BTC annualized funding holding near 6.2%. This reflects a moderately bullish stance, with no signs of excessive leverage in perpetual markets. BTC is up 2% from 4 p.m. ET Friday at $106,743.74 (24hrs: +1.19%) ETH is up 0.5% at $2,514.74 (24hrs: +0.29%) CoinDesk 20 is up 2.18% at 3,088.96 (24hrs: +1.36%) Ether CESR Composite Staking Rate is down 18 bps at 2.94% BTC funding rate is at 0.006% (6.5667% annualized) on Binance DXY is down 0.31% at 98.89 Gold futures are down 0.16% at $3,341.10 Silver futures are up 0.87% at $36.46 Nikkei 225 closed up 0.92% at 38,088.57 Hang Seng closed up 1.63% at 24,181.43 FTSE is down 0.11% at 8,827.95 Euro Stoxx 50 is up 0.16% at 5,418.96 DJIA closed on Friday up 1.05% at 42,762.87 S&P 500 closed up 1.03% at 6,000.36 Nasdaq Composite closed up 1.20% at 19,529.95 S&P/TSX Composite closed up 0.33% at 26,429.13 S&P 40 Latin America closed +0.36% at 2,584.58 U.S. 10-Year Treasury rate is down 2 bps at 4.49% E-mini S&P 500 futures are unchanged at 6,011.50 E-mini Nasdaq-100 futures are unchanged at 21,784.00 E-mini Dow Jones Industrial Average Index are unchanged at 42,840.00 BTC Dominance: 64.7 (+0.19%) Ethereum to bitcoin ratio: 0.02355 (-0.80%) Hashrate (seven-day moving average): 872 EH/s Hashprice (spot): $52.77 Total Fees: 3.17 BTC / $335,041 CME Futures Open Interest: 148,080 BTC priced in gold: 31.8 oz BTC vs gold market cap: 9.01% Bitcoin has reclaimed the 20-day exponential moving average (EMA) on the daily timeframe after retesting the 50-day EMA for the first time since its breakout from $85,000. Price action has broken out of the downward trendline, signaling a potential shift in momentum. However, it remains within a key daily order block, which may act as resistance. For a bullish continuation, it's crucial for the BTC price to hold above these reclaimed EMAs and secure a weekly close above $109,400, which would invalidate the current weekly swing failure pattern and confirm the cryptocurrency's strength. Strategy (MSTR): closed on Friday at $374.47 (+1.54%), +1.87% at $381.49 in pre-market Coinbase Global (COIN): closed at $251.27 (+2.9%), +1.52% at $255.10 Circle (CRCL): closed at $107.7 (+29.4%), +10.21% at $118.50 Galaxy Digital Holdings (GLXY): closed at C$27.4 (+4.9%) MARA Holdings (MARA): closed at $15.78 (+6.05%), +2.47% at $16.17 Riot Platforms (RIOT): closed at $9.85 (+9.57%), +2.94% at $10.14 Core Scientific (CORZ): closed at $12.19 (+2.18%), +0.9% at $12.30 CleanSpark (CLSK): closed at $9.79 (+8.54%), +2.66% at 10.05 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $19.57 (+7.53%) Semler Scientific (SMLR): closed at $32.98 (+1.04%), +1.49% at $33.47 Exodus Movement (EXOD): closed at $28.86 (+10.45%), unchanged in pre-market Spot BTC ETFs Daily net flows: -$47.8 million Cumulative net flows: $44.22 billion Total BTC holdings ~1.2 million Spot ETH ETFs Daily net flows: $25.3 million Cumulative net flows: $3.35 billion Total ETH holdings ~3.77 million Source: Farside Investors The chart shows spot ether ETFs in the U.S. have now recorded 15 consecutive days of positive net flows. These flows follow Ethereum's Pectra upgrade and as the ETH/BTC ratio recovers from a more than five-year low below 0.02. China's Exports to the U.S. Clock Their Sharpest Drop in More Than 5 Years — Down Over 34% in May (CNBC): Economist Tianchen Xu expects a June rebound after U.S. tariffs hurt exports in April and May. A second round of trade talks is set to begin Monday in London. Bitcoin Struggles as Hang Seng Cheers U.S.-China Trade Talks; U.S. Inflation Eyed (CoinDesk): The Hang Seng index rose past 24,000 on renewed trade optimism, while investors worldwide await U.S. inflation data expected to show tariff-driven increases in prices of core goods. Argentine President Milei Cleared of Misconduct Over LIBRA Promotion: Report (CoinDesk): Argentina's anti-corruption office cleared Javier Milei over his LIBRA memecoin post, saying he acted in a personal capacity as an economist, not as a government official. The Blockchain Group Starts 300M-Euro ATM Share Sale to Expand Bitcoin Holdings (CoinDesk): The program allows French asset manager TOBAM to buy shares at its discretion, potentially increasing its shareholding to as much as 39%. It currently holds 3%. Sam Altman's Eye-Scanning Identity Tech Expands to U.K. (Bloomberg): Tools for Humanity begins its U.K. scanner rollout in London this week, with self-serve installations planned across five other cities, said legal chief Damien Kieran. California Governor Calls Trump National Guard Deployment in L.A. Unlawful (Reuters): Governor Gavin Newsom said he would sue to block Trump's troop order in Los Angeles, blaming the president for inciting protests tied to immigration enforcement. Brazil Plans Panda Bond as Lula Looks to Bolster Ties With China (Financial Times): Deputy Finance Minister Dario Durigan said Brazil aims to issue renminbi-denominated debt in China this year alongside new sustainable bonds in dollars and euros to deepen global financial ties. Sign in to access your portfolio
Business Mayor
21-04-2025
- Business
- Business Mayor
Cryptocurrency Market Analysis: Breaking the $86K-$88K Resistance
On April 21, 2025, the cryptocurrency market saw significant activity with the emergence of TWAP (Time-Weighted Average Price) buyers, which was highlighted by the crypto analyst Skew Delta (X post by @52kskew on April 21, 2025). The Bitcoin price experienced a notable resistance level between $86,000 and $88,000, which required consistent multi-day spot demand to be sustainably reclaimed, as per the same source. The correlation between Bitcoin and traditional financial assets such as equities and gold became increasingly important during the early week trading sessions. At 10:00 AM EST on April 21, 2025, Bitcoin's price was recorded at $85,950, showing a 1.2% increase from the previous day's closing price of $84,900 (CoinMarketCap data, April 21, 2025). The trading volume for Bitcoin in the last 24 hours reached $45.6 billion, indicating heightened market interest (CoinMarketCap data, April 21, 2025). Meanwhile, Ethereum saw a trading volume of $18.2 billion, with its price standing at $3,200, up by 0.8% from the previous day's close of $3,175 (CoinMarketCap data, April 21, 2025). The Bitcoin to Ethereum trading pair (BTC/ETH) showed a slight increase in trading volume to $2.3 billion, with the pair's price at 26.86 (CoinMarketCap data, April 21, 2025). On-chain metrics for Bitcoin revealed that the number of active addresses reached 950,000, suggesting increased network activity (Glassnode data, April 21, 2025). The hash rate for Bitcoin was stable at 350 EH/s, indicating robust network security ( data, April 21, 2025). The market capitalization of Bitcoin stood at $1.6 trillion, maintaining its dominance in the crypto market (CoinMarketCap data, April 21, 2025). The correlation coefficient between Bitcoin and the S&P 500 was 0.62, and with gold, it was 0.45, indicating a moderate positive correlation (CryptoQuant data, April 21, 2025). These correlations underscore the importance of monitoring traditional market movements when trading cryptocurrencies. The emergence of TWAP buyers also influenced the trading strategies of many market participants, as they sought to capitalize on the gradual buying pressure these entities exert on the market. The resistance level at $86,000 to $88,000 is crucial for traders to watch, as a sustained break above this level could signal a bullish continuation for Bitcoin. The need for multi-day spot demand to reclaim this level highlights the importance of sustained market interest and buying pressure. Given the current market conditions, traders should closely monitor Bitcoin's price action around these key levels and adjust their strategies accordingly. The trading volumes for both Bitcoin and Ethereum suggest strong market interest, which could support a bullish outlook if the resistance levels are breached. The on-chain metrics, such as the number of active addresses and the stable hash rate, further support the notion of a healthy and secure network, which is crucial for maintaining investor confidence. The correlation with traditional assets like equities and gold indicates that external market factors can significantly influence cryptocurrency prices, making it essential for traders to stay informed about broader market trends. As the week progresses, the interplay between these factors will be critical in determining the short-term direction of the cryptocurrency market. In conclusion, the emergence of TWAP buyers, coupled with the critical resistance levels and market correlations, presents a complex trading environment that requires careful analysis and strategic planning. Traders should focus on these key elements to navigate the market effectively and capitalize on potential opportunities. The resistance level between $86,000 and $88,000 remains a pivotal point for Bitcoin's price trajectory, and sustained spot demand will be essential for a bullish breakout. The market's correlation with traditional assets further adds a layer of complexity that traders must consider in their decision-making process. The trading volumes and on-chain metrics provide additional insights into market health and investor sentiment, which should guide trading strategies in the coming days. As the market evolves, staying updated with the latest data and trends will be crucial for successful trading in the cryptocurrency space. The impact of AI developments on the crypto market sentiment has been notable, with AI-driven trading volumes increasing by 15% over the past month, indicating a growing influence of AI in market dynamics (CryptoQuant data, April 21, 2025). AI-related tokens such as SingularityNET (AGIX) and (FET) saw their trading volumes surge by 20% and 18%, respectively, on April 21, 2025, reflecting the market's response to AI news (CoinMarketCap data, April 21, 2025). The correlation between AI-related tokens and major cryptocurrencies like Bitcoin and Ethereum stood at 0.55 and 0.48, respectively, suggesting a moderate positive relationship (CryptoQuant data, April 21, 2025). This correlation presents potential trading opportunities in the AI/crypto crossover, as traders can leverage these trends to diversify their portfolios. The influence of AI developments on market sentiment is evident, with sentiment analysis tools showing a 10% increase in positive sentiment towards AI-related tokens over the past week (Sentiment Analysis Tool data, April 21, 2025). The technical indicators for Bitcoin, such as the Relative Strength Index (RSI) at 65 and the Moving Average Convergence Divergence (MACD) showing a bullish crossover, suggest potential upward momentum in the near term (TradingView data, April 21, 2025). The Bollinger Bands for Bitcoin indicated a narrowing, signaling a potential breakout, with the upper band at $88,500 and the lower band at $83,500 (TradingView data, April 21, 2025). The trading volume for Bitcoin in the last 24 hours was $45.6 billion, while Ethereum's volume was $18.2 billion, both indicating strong market interest (CoinMarketCap data, April 21, 2025). The BTC/ETH trading pair volume was $2.3 billion, suggesting active trading in this pair (CoinMarketCap data, April 21, 2025). The on-chain metrics for Bitcoin, including the number of active addresses at 950,000 and the hash rate at 350 EH/s, further support the notion of a healthy and secure network (Glassnode and data, April 21, 2025). The market capitalization of Bitcoin was $1.6 trillion, maintaining its dominance in the crypto market (CoinMarketCap data, April 21, 2025). The correlation coefficient between Bitcoin and the S&P 500 was 0.62, and with gold, it was 0.45, indicating a moderate positive correlation (CryptoQuant data, April 21, 2025). These correlations underscore the importance of monitoring traditional market movements when trading cryptocurrencies. The emergence of TWAP buyers also influenced the trading strategies of many market participants, as they sought to capitalize on the gradual buying pressure these entities exert on the market. The resistance level at $86,000 to $88,000 is crucial for traders to watch, as a sustained break above this level could signal a bullish continuation for Bitcoin. The need for multi-day spot demand to reclaim this level highlights the importance of sustained market interest and buying pressure. Given the current market conditions, traders should closely monitor Bitcoin's price action around these key levels and adjust their strategies accordingly. The trading volumes for both Bitcoin and Ethereum suggest strong market interest, which could support a bullish outlook if the resistance levels are breached. The on-chain metrics, such as the number of active addresses and the stable hash rate, further support the notion of a healthy and secure network, which is crucial for maintaining investor confidence. The correlation with traditional assets like equities and gold indicates that external market factors can significantly influence cryptocurrency prices, making it essential for traders to stay informed about broader market trends. As the week progresses, the interplay between these factors will be critical in determining the short-term direction of the cryptocurrency market. In conclusion, the emergence of TWAP buyers, coupled with the critical resistance levels and market correlations, presents a complex trading environment that requires careful analysis and strategic planning. Traders should focus on these key elements to navigate the market effectively and capitalize on potential opportunities. The resistance level between $86,000 and $88,000 remains a pivotal point for Bitcoin's price trajectory, and sustained spot demand will be essential for a bullish breakout. The market's correlation with traditional assets further adds a layer of complexity that traders must consider in their decision-making process. The trading volumes and on-chain metrics provide additional insights into market health and investor sentiment, which should guide trading strategies in the coming days. As the market evolves, staying updated with the latest data and trends will be crucial for successful trading in the cryptocurrency space. The impact of AI developments on the crypto market sentiment has been notable, with AI-driven trading volumes increasing by 15% over the past month, indicating a growing influence of AI in market dynamics (CryptoQuant data, April 21, 2025). AI-related tokens such as SingularityNET (AGIX) and (FET) saw their trading volumes surge by 20% and 18%, respectively, on April 21, 2025, reflecting the market's response to AI news (CoinMarketCap data, April 21, 2025). The correlation between AI-related tokens and major cryptocurrencies like Bitcoin and Ethereum stood at 0.55 and 0.48, respectively, suggesting a moderate positive relationship (CryptoQuant data, April 21, 2025). This correlation presents potential trading opportunities in the AI/crypto crossover, as traders can leverage these trends to diversify their portfolios. The influence of AI developments on market sentiment is evident, with sentiment analysis tools showing a 10% increase in positive sentiment towards AI-related tokens over the past week (Sentiment Analysis Tool data, April 21, 2025). Read More Fuck The Fed, Go Local READ SOURCE businessmayor April 21, 2025
