ANALYSIS: DOGE price is gaining momentum after a trendline breakout, with traders eyeing $0.89, though liquidation risks remain below $0.175.
JUST IN: Tether has withdrawn 8,888 BTC from Bitfinex's hot wallet, increasing its total Bitcoin holdings to 92,647 BTC, now valued at over $7.68 billion.
OPINION: Bloomberg’s Mike McGlone warns that Ethereum could drop to $1,000 if the S&P 500 continues declining and Bitcoin fails to recover, citing its strong correlation with risk assets🪙
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JUST IN: Japanese investment firm Metaplanet has bought an additional $13.3 million worth of BTC just one day after it made its largest bitcoin purchase to date.
JUST IN: FDUSD briefly depegged by 10% after Justin Sun claimed its issuer, First Digital Trust, was insolvent, leading to $200 million in outflows before stabilizing at $0.98.
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OPINION: BCB Group CEO Tim Renew believes the crypto industry must collaborate with traditional finance to scale, urging the community to “stop fighting over who’s right and learn to come together” as institutions like Citadel, Fidelity, and BlackRock enter the space.
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Good morning!
Today the market is in the red, most of the alts are red. BTC is now trading around $83.425. ETH is about $1830.
⭕ Fear/Greed Index: 26 - fear
👇 A selection of morning news:
• Trump's tariff increase threatens stagflation in the United States: CICC analysis.
• Grayscale presents innovative BTC-ETF for stable income.
• South Korea is starting a nationwide experiment with the digital currency CBDC.
• Hong Kong faces an investigation into a $500 million crypto trust fraud.
• CEO Robinhood emphasizes the benefits of tokenization for American companies.
Today the market is in the red, most of the alts are red. BTC is now trading around $83.425. ETH is about $1830.
• Trump's tariff increase threatens stagflation in the United States: CICC analysis.
• Grayscale presents innovative BTC-ETF for stable income.
• South Korea is starting a nationwide experiment with the digital currency CBDC.
• Hong Kong faces an investigation into a $500 million crypto trust fraud.
• CEO Robinhood emphasizes the benefits of tokenization for American companies.
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RECENTLY: According to report, Treasure DAO is restructuring to cut costs and extend its financial runway until February 2026, with John Patten leading the effort.
JUST IN: Ultra has reportedly raised $12 million in a funding round led by NOIA Capital to build a one-stop gaming platform that integrates digital assets and challenges outdated industry models.
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JUST IN: Bybit to partner with Zodia Custody to strengthen security measures for its institutional clients, per report.
Apple shares dropped by 8.3%, causing the company to lose nearly $255 billion in value, reports Clash Report. Nike shares also fell — down by 13%, hitting their lowest point since November 2017 (!).
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JUST IN: Crypto exchange Gemini is opening a new office in Miami’s Wynwood Art District as it expands its U.S. presence amid ongoing legal proceedings with the SEC, per report.
✨ Ideally, I’d like to see one more push up before the dive — taking liquidity below and then sending the entire market up until summer! At the bottom, we’ll load up on the strongest swing positions for BTC, ETH, and key assets. Stay tuned!
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JUST IN: The U.S. stock market lost $3.25 trillion in value on April 4—over $570 billion more than the entire crypto market—amid escalating concerns over President Trump's proposed tariffs.