Bitcoin’s momentum stalled on Thursday as the asset retreated from a peak of $79,500 to consolidate around $78,000. This 1.2% dip marked the cryptocurrency’s first 24-hour loss in several days, resulting in a $10 billion decline in total market capitalization. Key Takeaways: On April 23, bitcoin dipped to $77,201 after failing to sustain its $79,500
Bloomberg analyst Mike McGlone has published a noteworthy assessment of Bitcoin’s performance against traditional markets. The analysis noted that the S&P 500 and Bitcoin have exhibited similar performance since 2021, but Bitcoin’s annual volatility has been approximately three times higher. According to the analyst, this is interpreted as a signal that the “golden age” of
Bitcoin ($BTC) price faces a potential correction in the near term as spot demand wanes amid more bearish whale derivatives traders. Bitcoin price recently rallied from $66,000 to hit $79,500 for the first time since late January, largely fueled by renewed demand in the perpetual futures market, according to analytics from CryptoQuant. Furthermore, $BTC was
Market analyst Sunil Gurjal warns that Bitcoin’s recovery to $76,000 may be another price trap rather than the start of a lasting rally. In a post on X, Gurjal noted that retail investors are buying into the bounce, repeating the same mistake that burned traders in 2022. The warning comes as Bitcoin continues to flash
Bitcoin fell 2.86% today from yesterday’s intraday high while the S&P 500 gapped lower. The current Bitcoin price chart shows $BTC rallying from roughly the mid-$74,000s on Monday, Apr. 20, to a local high near $79,500 yesterday, then reversing by about $2,276 over roughly 17 hours. As of press time, CryptoSlate’s Bitcoin page shows $BTC
Fold (FLD), a Bitcoin-focused financial services application, has officially launched a corporate Bitcoin bonus program. This initiative allows companies to offer bonuses denominated in Bitcoin, aligning with payroll cycles. Fold manages the conversion to $BTC, along with custody, vesting, and distribution. The program aims to enhance long-term employee retention through structured vesting schedules. This move
Galaxy’s Alex Thorn says Strategy now holds more Bitcoin than BlackRock’s IBIT and, if its pace holds, could match Satoshi’s estimated 1.1m $BTC stash within two years. Galaxy Digital head of research Alex Thorn has flagged that Strategy’s Bitcoin holdings have now overtaken those of BlackRock’s iShares Bitcoin Trust (IBIT), the world’s biggest spot Bitcoin
Despite rising geopolitical risks in global markets, the continued rise in risky assets signals a serious vulnerability, according to some analysts. Bitcoin whale Garrett Jin stated that the Strait of Hormuz crisis has been seriously underestimated by the market and that a solution has yet to be found. According to Jin, the fact that Brent
HashKey Group will form a partnership with ANAP Holdings for growth in Japan’s Bitcoin reserve management and institutional crypto services. The deal is a deeper push into one of Asia’s most regulated and evolving crypto markets. Both companies will leverage both their assets around compliance, infrastructure and local skillsets. The idea is that Bitcoin’s management