Day: April 7, 2025

Crypto Pundit Reveals What Will Happen If XRP Price Does Not Break $2.3

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Amidst ongoing market instability and volatility, the XRP price maintained support levels, even as many altcoins crashed this past week. A well-known crypto pundit has spotlighted a critical resistance…

Former Kraken execs acquire real state firm Janover, disclose SOL treasury plans

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A team of former Kraken executives has taken control of Janover, with Joseph Onorati, former chief strategy officer at Kraken, stepping in as chairman and CEO, following the group’s purchase of over 700,000 common shares and all Series A preferred stock. Parker White, former director of engineering at Kraken, was appointed as the new chief investment officer and chief operating officer. The group bought 728,632 shares of Janover common stock and all 10,000 shares of Series A preferred stock. Marco Santori, former chief legal officer at Kraken, will join the…

Corporate Bitcoin treasuries drop more than $4B on US tariff hike impact

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Corporate Bitcoin (BTC) treasuries collectively shed more than $4 billion in value after US President Donald Trump’s tariffs triggered a global market sell-off, data shows.  As of April 7, corporate Bitcoin holdings are worth approximately $54.5 billion in the aggregate, down from roughly $59 billion before April 2, according to data from BitcoinTreasuries.net. The cryptocurrency’s volatility has also weighed on publicly traded Bitcoin holders’ share prices. The Bitwise Bitcoin Standard Corporations ETF (OWNB) — an exchange-traded fund (ETF) tracking a diverse basket of corporate Bitcoin holders — has lost more…

Bitcoin on verge of largest ‘price drawdown’ of the bull market — Analyst

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Bitcoin’s (BTC) 26.62% decline from its $109,500 all-time high is en route to becoming the deepest drawdown of the current bull market cycle, according to CryptoQuant head of research, Julio Moreno. Bitcoin price drawdown analysis. Source: X Bitcoin has experienced significant drawdowns in past cycles, with a notable 83% drop from its peak in 2018 and a 73% correction from all-time highs (ATH) in 2022. In comparison, the current decline of 26.62%, while substantial, remains less severe than previous bear markets. This suggests that even though the current downturn is…

Crypto bull market ‘hasn’t started yet’ — LONGITUDE panel

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Crypto’s worst quarter since the FTX crisis has many investors worried about the end of the bull market, but according to an industry panel, Bitcoin and altcoins’ parabolic moves haven’t even begun yet.  In a panel discussion at the LONGITUDE by Cointelegraph event in Paris, France, MN Capital founder Michael van de Poppe said he thinks the bull market is “actually getting started from this point.”  While it’s hard to believe that following Bitcoin’s (BTC) recent plunge below $80,000 on global tariff woes, “we know from history” that chaotic sell-offs…

Bitcoin, showing ‘signs of resilience’, beats stocks, gold as equities fold — Binance

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Bitcoin (BTC) is showing “signs of resilience” even as stocks and the broader cryptocurrency market plunge amid a global market sell-off after US President Donald Trump imposed sweeping tariffs on US imports last week, Binance Research said.  As of mid-day trading on April 7, Bitcoin is up almost 1% to nearly $79,000. Meanwhile, the S&P 500 — an index of large US stocks — is essentially flat and front-month gold futures are down around 1.5%, according to Google Finance. “Even in the wake of recent tariff announcements, BTC has shown…

US govt. sets AI policies across agencies

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The US Office of Management and Budget (OMB) issued two directives specifying policies and deadlines for deploying AI tools that enhance public services, providing a roadmap for implementing US President Donald Trump’s executive order advance US “dominance” in the use and development of artificial intelligence. According to two memorandums from April 3, all government agencies “should invest in the AI marketplace and maximize the use of AI products and services that are developed and produced in the United States.” The memorandums list various deadlines for the adoption of AI, including…

Ethereum price falls to 2-year low, but pro traders still have hope

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Ether (ETH) price dropped to $1,410 on April 7, marking its lowest level since March 2023. This sharp decline triggered liquidations of leveraged ETH futures worth over $370 million in 2 days, according to CoinGlass data. However, the altcoin managed to recover above the $1,500 mark as the S&P 500 index reclaimed its psychological 5,000 support level. Ether/USD (blue) vs. total crypto market capitalization (magenta). Source: TradingView / Cointelegraph Over the past 30 days, Ether has underperformed the broader cryptocurrency market by 14%. Despite this, professional traders are not yet…

Pro Crypto, Anti Privacy: Will Trump Free Samourai?

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Last month, the Treasury lifted sanctions on Tornado Cash. In response, many rekindled their calls for the Trump administration to drop the charges against Keonne Rodriguez and William Lonergan Hill, the developers of Samourai Wallet who are currently being prosecuted in the Southern District of New York. What many appear to have missed is that the Treasury’s sanctions reversal for Tornado Cash also revealed the Treasury’s stance on privacy services. And it isn’t looking good. Tornado Cash’s removal from OFAC’s SDN list followed a lawsuit by Tornado Cash users in…

Bloomberg analyst predicts Bitcoin could sink back to $10,000

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Diving into the chaos of global markets, Bloomberg Senior Commodity Strategist Mike McGlone warns more turmoil could be on the way. In an exclusive interview with Cointelegraph, McGlone points to deepening market sell-offs, intensified by US President Donald Trump’s ongoing tariff wars, and forecasts a sharp correction in crypto assets. He predicts Bitcoin could tumble to $10,000, citing excessive speculation and overvaluation within the digital asset space. “Look at Dogecoin — it still has a $20 billion market cap. It should go to zero. The whole space needs purging, just…