Day: April 9, 2025

US Dollar Index (DXY) falls close to level that was followed by 500%+ Bitcoin price rallies

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The Dollar Index (DXY) dipping below 100 has historically aligned with Bitcoin (BTC) bull runs, delivering gains of over 500% during the last two instances. Now, as trade tensions escalate and US Treasurys face sell-offs, some analysts believe China may be actively working to weaken the US dollar. This added pressure on the dollar heightens the likelihood that it could once again serve as a catalyst for another major Bitcoin rally.  Is China working to weaken the US dollar? According to an April 9 Reuters report, China’s central bank has…

XRP price gains 13% after Trump 90-day tariff pause and XXRP ETF launch

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XRP (XRP) price is up 13% on the day, trading above the $2 level after President Donald Trump announced a 90-day pause on all reciprocal tariffs, except for China, which saw an additional 125% hike in response to their counter-tariffs against the US. XRP’s rally comes on the heels of additional positive news and the XXRP ETF being launched on the New York Stock Exchange (NYSE) Arca.  Despite the positive macroeconomic and TradFi crypto adoption news, XRP charts still caution that a sharp price downside could lie ahead. Descending triangle…

US wrestling star Ric Flair launches tokenized Telegram sticker pack

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Legendary professional wrestler Ric Flair launched a tokenized sticker collection on Telegram on April 9, becoming the latest celebrity to launch a tokenized social project. Spokespeople for the project told Cointelegraph they are considering rewarding early sticker holders with future perks, though no specifics were shared. Flair told Cointelegraph that the project was launched to drive community engagement and added: “Telegram is where people are really showing up these days. It is global, it is fast, and the way people communicate there just felt like the perfect fit for what…

Bitcoin jumps 8% after Trump announces 90-day tariff pause for all countries but China

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Key Takeaways Bitcoin surged by 8% due to Trump’s 90-day tariff pause for all countries except China, which now faces a 125% tariff. Major tech stocks, including Tesla and Nvidia, also saw significant gains. Share this article Bitcoin jumped 8% to $82K today after President Donald Trump announced a 90-day pause on tariffs for all countries except China, triggering a broad rally across financial markets. Trump’s statement on Truth Social raised tariffs on Chinese imports to 125% effective immediately, while easing pressure on other countries with a 90-day pause. He…

Bitcoin ‘significantly de-risked here’ as nearly 80% of cyclical price correction is done — Analyst

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Bitcoin’s (BTC) futures market reflects a possible price cooldown after the cryptocurrency’s multiple weeks of correction. Data from CryptoQuant indicated that the BTC-USDT futures leverage ratio with respect to open interest (OI) has halved since peaking in early 2025. Bitcoin estimated futures leveraged ratio. Source: CryptoQuant This significant de-leveraging has occurred because of massive liquidations over the past few weeks, which has effectively taken a majority of traders out of the market. Thus, the current market conditions indicate a healthier market reset, which is not overheated and could potentially pave…

US President Donald Trump issues 90-day pause on reciprocal tariffs

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United States President Donald Trump has issued a 90-day pause for “reciprocal tariffs” and lowered the tariff rate to 10% on countries that do not retaliate with counter-tariffs. However, the President also said he would increase the reciprocal tariff rate on China to 125% due to the country’s counter-tariffs against the US. Trump wrote in an April 9 Truth Social post: “At some point, hopefully, in the near future, China will realize that the days of ripping off the USA and other countries is no longer sustainable or acceptable.” According…

Kalshi accepts Bitcoin deposits in bid to woo crypto-native users

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Prediction marketplace Kalshi has started taking Bitcoin (BTC) deposits in a bid to onboard more crypto-native users. The company that lets users bet on events ranging from election outcomes to Rotten Tomatoes film ratings has seen a strong uptake among crypto traders, Kalshi told Cointelegraph on April 9. For instance, event contracts for betting on Bitcoin’s hour-by-hour price changes have seen $143 million in trading volume to date, a spokesperson said. Kalshi is a derivatives exchange regulated by the US Commodity Futures Trading Commission (CFTC). As of April 9, it…

The U.S. Tariff War With China Is Good For Bitcoin Mining

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Today, China announced that it will increase tariffs on the goods it ships to the United States from 34% to 84% in response to President Trump stating that he will raise tariffs on the goods the U.S. ships to China to 104%. The increased Chinese tariffs on the U.S. will make it more costly for U.S.-based public Bitcoin mining companies to purchase ASICs (the premier machines used to mine bitcoin), the majority of which are produced in China. And this will be largely beneficial for the health of the Bitcoin…

Price analysis 4/9: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LEO, LINK, TON

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Risky assets remain volatile as trade war tension between the United States and China keeps investors on the edge. A minor positive is that Bitcoin (BTC) has avoided a sharp fall and is trading well above the crucial near-term support at $73,777.  BitMEX co-founder Arthur Hayes said in a post on X that the PBOC (People’s Bank of China) could give the catalyst needed for the next leg of the crypto bull run by weakening the yuan. Such a move led to Chinese capital flight into Bitcoin in 2013 and…

Pakistan To Use Surplus Electricity For Bitcoin Mining And AI Data Centers: Report

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Pakistan will channel part of its surplus electricity into powering Bitcoin mining and artificial intelligence (AI) data centers, a significant shift in energy and tech policy aimed at turning excess capacity into economic opportunity, according to a report from Reuters. The announcement was made Wednesday by Bilal Bin Saqib, head of Pakistan’s Crypto Council and adviser to the finance minister, who also noted that talks have been held with several mining firms. Pakistan’s energy sector has long struggled with structural challenges, including high electricity tariffs and chronic overcapacity. Utilizing the…