News

According to PANews, ARK Invest recently sold 111,059 shares of the ARK 21Shares Bitcoin ETF (ARKB) through its ARKW fund. The transaction took place on April 28, with the shares valued at approximately $10.496 million, based on the closing price of $94.51 per share.

On Apr 28, 2025, 23:16 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 95,000 USDT benchmark and is now trading at 95,085.671875 USDT, with a narrowed 1.51% increase in 24 hours.

High Bitcoin ETF inflows fuel short-term price gains but resistance looms near key psychological levelsBitcoin (BTC) has shown strong recovery momentum, climbing above $94,500, but analysts caution that significant resistance around $100,000 could cap further gains despite robust ETF inflows.Bitcoin ETF Inflows Surge to $3 Billion, But Do They Signal a Top?Bitcoin’s rally from $74,400 to current levels was supported by renewed investor interest in spot Bitcoin ETFs, which recorded $3.06 billion in net weekly inflows — the largest since December 2025, according to Cointelegraph Markets Pro and TradingView data.Historically, large ETF inflows have shown mixed signals regarding Bitcoin price tops:In March 2024, inflows over $1 billion coincided with Bitcoin’s rally to new all-time highs around $73,300, followed by corrections.Similarly, June 2024 inflows preceded a rally from $67,000 to $72,000, before a sharp 25% correction.However, November 2024 inflows of $3.38 billion led to Bitcoin breaking the $100,000 mark without an immediate reversal, suggesting that high inflows do not always precede a market top.Market analytics firm FalconX used a Vector Autoregression model to show that Bitcoin ETF inflows have short-term predictive power for price increases but do not reliably signal major reversals. Bitcoin Faces Resistance at $95K to $100K RangeBitcoin’s 27% rally from recent lows has flipped critical support levels, including the:50-day SMA at $85,100,100-day SMA at $90,570,and 200-day SMA at $89,300.Currently, Bitcoin consolidates under the $95,000 resistance zone, with notable seller interest between $97,000 and $100,000, according to monitoring resource CoinGlass.Popular crypto analyst AlphaBTC noted:"The $95,000 level has contained Bitcoin's price over the past few days. A breakout is possible, but reaching $100K may trigger a larger pullback."Similarly, Material Indicators co-founder Keith Alan expressed skepticism about Bitcoin sustaining a move above $95,000 without stronger catalysts.Trading firm QCP Capital also warned that while the sentiment remains positive, Bitcoin lacks a clear catalyst to propel it decisively beyond the psychological $100,000 threshold.Short-Term Strength, Medium-Term CautionWhile Bitcoin ETF inflows continue to provide a strong foundation for bullish momentum, analysts caution that price movements toward $100,000 could face significant liquidity-driven resistance.The coming weeks could determine whether Bitcoin’s rally extends into new all-time highs or whether a consolidation phase will set in, as investors weigh macroeconomic developments and further ETF flows, according to Cointelegraph.

Shifting Treasury and Gold Trends Signal a Favorable Macro Backdrop for BitcoinBitcoin (BTC) may be poised for a major price breakout as global financial trends increasingly mirror conditions seen during the 2020–2021 bull run, analysts suggest.Recent data highlights major shifts in global asset allocation, including a historic surge in US Treasury inflows, reduced foreign central bank exposure to Treasurys, and an accelerated accumulation of gold reserves — factors that historically correlate with strong Bitcoin rallies.Central Banks Slash Treasury Holdings, Turn to GoldAccording to the latest data:US Treasury funds saw $19 billion in inflows last week, the highest since March 2023.30-year Treasury yields dropped 30 basis points from April peaks, signaling rising bond demand.Foreign central banks cut their US Treasury holdings to 23% of outstanding US government debt — a 22-year low.Meanwhile, gold’s share of global central bank reserves hit 18%, the highest in 26 years.This shift, fueled partly by ongoing US-China tariff tensions, signals a gradual de-dollarization trend, with central banks seeking alternatives to US debt instruments.Historical Parallels: Bitcoin’s 2020 Bull RunSimilar macroeconomic patterns fueled Bitcoin’s historic rally during the pandemic:In 2020, spikes in US Treasury inflows coincided with Bitcoin’s rise from $9,000 to $60,000.Gold’s share of global reserves increased by 14.5% over 18 months.Investors sought alternative stores of value amid concerns over traditional monetary systems.Today’s bond and gold market dynamics suggest similar conditions are emerging, setting the stage for a potential Bitcoin breakout in 2025.Institutional Demand Dominates Bitcoin’s Current RallyAnalysts from Capital Flows and Bitwise highlight that Bitcoin’s latest price surge, which pushed BTC above $94,000, is largely institution-driven rather than retail-led:Google search interest for “Bitcoin” remains near long-term lows, according to Bitwise CEO Hunter Horsley.Corporate treasuries, asset managers, and even sovereign entities are increasingly driving Bitcoin demand.Previous cycles heavily correlated Bitcoin price movements with retail search volume; this shift suggests a maturing market dynamic.Data from SEMrush shows that in earlier cycles, Bitcoin search volumes had a 91% correlation with price movements, a trend that appears to have diverged in 2025.Risks Remain: Impact of a Potential RecessionDespite bullish signals, some caution remains:A global recession could derail Bitcoin’s rally if investors shift toward cash and traditional safe havens like US Treasurys instead of riskier assets.Liquidity conditions and investor sentiment in coming quarters will be critical for sustaining Bitcoin’s upward momentum.Nonetheless, the combination of easing Treasury yields, central bank gold accumulation, and increasing institutional adoption presents a compelling macro backdrop for Bitcoin’s next potential move toward new all-time highs, according to Cointelegraph.

Peter Chung Highlights Bitcoin’s Dual Role as Both Risk Asset and Digital GoldPeter Chung, head of research at quantitative trading firm Presto, has reiterated his bullish forecast that Bitcoin (BTC) could reach $210,000 by the end of 2025, citing growing institutional adoption and global liquidity expansion as primary catalysts.In an interview with CNBC on April 28, Chung acknowledged that 2025’s market conditions have been challenging but characterized recent corrections as a “healthy adjustment” that strengthens Bitcoin’s foundation as a mainstream financial asset.Bitcoin's Dual Identity: Risk-On Asset and Digital GoldChung emphasized Bitcoin’s unique dual behavior:In favorable market environments, Bitcoin acts as a risk-on asset, driven by network effects and user adoption.During financial instability, Bitcoin increasingly behaves like digital gold, serving as a safe-haven asset, particularly when confidence in the U.S. dollar system falters.“These moments are rare,” Chung noted, pointing to examples like the Russia-Ukraine conflict in 2022 and the Silicon Valley Bank collapse in 2023 where Bitcoin's safe-haven properties became evident.Despite lagging gold during recent turbulence, Chung believes Bitcoin could catch up and outperform traditional safe-haven assets by the end of 2025.Institutional Adoption Accelerates Bitcoin’s GrowthSupporting Chung’s outlook, Bitwise CEO Hunter Horsley observed that Bitcoin’s rise to around $94,000 has occurred with limited retail investor participation. Google search trends for "Bitcoin" remain near historical lows, suggesting that the current rally is primarily driven by:Institutional investorsFinancial advisersCorporationsSovereign entitiesCorporate treasuries already hold nearly $65 billion worth of Bitcoin, according to BitcoinTreasuries.NET data.Further reinforcing the bullish sentiment, analysts from Standard Chartered and Intellectia AI recently stated that institutional demand via Bitcoin ETFs and macroeconomic hedging strategies could cause Bitcoin’s price to more than double in 2025.Ethereum Outlook Remains StrongChung also reaffirmed Presto’s positive outlook for Ethereum (ETH), citing ongoing network improvements and valuation models based on the ETH-to-BTC ratio, signaling continued confidence in Ethereum's role within the crypto ecosystem, according to Cointelegraph.

According to BlockBeats, the Arizona House of Representatives is set to convene this afternoon at 1 PM local time to discuss two significant pieces of legislation related to Bitcoin reserves. The bills, SB1373 and SB1025, are on the agenda for a final vote. These legislative measures could have important implications for the state's approach to cryptocurrency reserves.

According to Binance Market Data, Bitcoin (BTC) dropped below 94,000 USDT and is now trading at 93,981.570313 USDT, with a 0.08% decrease in 24 hours.

According to BlockBeats, market reports indicate that Strategy invested $1.42 billion last week to acquire an additional 15,355 Bitcoins. This significant purchase reflects the company's ongoing commitment to expanding its cryptocurrency portfolio.

According to Binance Market Data, Bitcoin (BTC) crossed the 95,000 USDT benchmark and is now trading at 95,120.390625 USDT, with a 1.18% increase in 24 hours.

According to PANews, analysis by MistTrack reveals that the Bitcoin address bc1qcrypchnrdx87jnal5e5m849fw460t4gk7vz55g has transferred most of its funds to at least six different platforms. The remaining funds are now distributed across several addresses. Earlier today, it was reported by ZachXBT that approximately $330 million in Bitcoin was allegedly stolen and quickly converted into Monero (XMR).

According to Odaily, CoinDesk analyst James Van Straten has observed that Bitcoin has decreased by approximately 1.5% since December 31 of last year. This performance is situated between gold, which has risen by 24%, and the Nasdaq 100 index, which has fallen by over 7%. Consequently, the notion of Bitcoin as either a leveraged tech stock or digital gold leans slightly towards the digital gold perspective. Analyzing the 30-day moving average correlation coefficient, Bitcoin currently shows a stronger correlation with gold, reaching 0.70, compared to a weaker correlation with the Nasdaq 100 index at 0.53. This indicates that Bitcoin's performance aligns more closely with gold rather than tech stocks. The correlation coefficient ranges from 1 (strong positive correlation) to -1 (strong negative correlation). Last week, Bitcoin's price increased by 10%, marking its strongest performance since the significant price surge following U.S. President Donald Trump's election victory on November 17 of last year. Meanwhile, Trump's tariff policies continue to exacerbate economic uncertainty.

Speculative Demand Rises as Fund Inflows StrengthenAccording to a report published by IntoTheBlock on April 28, the number of short-term Bitcoin (BTC) trader positions surged significantly over the past week, reflecting a renewed uptick in speculative demand.Analysts suggest that if the current inflow of funds into Bitcoin continues, the market may be witnessing more than just a technical rebound — it could be the early stages of a larger, sustained rally.Rising Short-Term Activity Could Support Higher Bitcoin PricesShort-term traders — typically defined as those holding Bitcoin for less than 30 days — have been increasing their exposure, indicating that risk appetite among market participants is rebounding."The growth in speculative positions suggests that investor sentiment is shifting," IntoTheBlock noted. "If these inflows persist, it could validate the current price move as the beginning of a broader upward trend rather than a temporary recovery."The rise in short-term trading activity comes as Bitcoin recently climbed above $95,000 before briefly retracing below $94,000, following weeks of consolidation and macroeconomic uncertainty.Broader Market ContextThe surge in speculative demand aligns with a broader renewal of bullish sentiment across the digital asset sector. Bitcoin inflows into investment products hit $3.18 billion last week, while Ethereum saw its first net inflows after eight weeks of outflows, according to separate fund flow data.IntoTheBlock emphasized that the continuation of fund inflows will be critical to determine whether Bitcoin can sustain a new bullish cycle heading into the mid-year period.

Bitcoin, Ethereum Lead Surge as Investors Seek Alternatives Amid Dollar WeaknessDigital asset investment products recorded $3.4 billion in inflows last week, marking the third-largest weekly inflow on record, according to the latest Digital Asset Fund Flows Weekly Report (Volume 231).This is the highest inflow since mid-December 2024 and reflects a growing shift among investors toward cryptocurrencies as alternative safe havens, amid concerns over tariff impacts on corporate earnings and the dramatic weakening of the U.S. dollar.Bitcoin and Ethereum Dominate InflowsBitcoin (BTC) investment products were the primary beneficiaries, attracting $3.18 billion in inflows last week. As a result, the total assets under management (AuM) for Bitcoin investment products surged to $132 billion, a level not seen since late February 2025.Ethereum (ETH) investment products also showed a notable reversal, registering $183 million in inflows after enduring eight consecutive weeks of outflows.In contrast, Solana (SOL) was the only major altcoin to experience outflows, losing $5.7 million over the same period.Other notable inflow highlights:XRP investment products: +$31.6 millionSui investment products: +$20.7 millionBlockchain-related equities, particularly bitcoin mining ETFs, also recorded $17.4 million in inflows.Regional Breakdown of InflowsThe inflows were predominantly driven by U.S. investors, contributing $3.3 billion to the total. However, Germany and Switzerland also showed significant positive sentiment, posting inflows of $51.5 million and $41.4 million, respectively.The broad-based nature of the inflows suggests that digital assets are increasingly being perceived as viable safe-haven investments amid rising macroeconomic uncertainties.OutlookAnalysts believe that concerns over the global trade environment, weakening dollar strength, and emerging inflationary risks are likely to sustain investor interest in digital assets, at least in the near term.

According to PANews, 10x Research has highlighted that Bitcoin is currently hovering within the resistance range of $94,000 to $95,000, with short-term bearish signals intensifying. Despite these indicators, South Korean crypto retail traders may soon shift their focus to an altcoin. Two reversal indicators have turned bearish, and the stochastic oscillator has reached 95%, suggesting potential downside risk in the near term. However, this may represent a brief consolidation phase before Bitcoin potentially surpasses the $100,000 mark.

According to BlockBeats, IntoTheBlock reported a significant increase in short-term Bitcoin holdings last week, indicating a resurgence in speculative demand. If this influx of capital continues, it suggests that the current price rise may not just be a technical rebound but could mark the beginning of a broader upward trend.

According to PANews, approximately nine hours ago, a suspected theft involving 3,520 BTC, valued at around $330.7 million, was reported. The stolen Bitcoin was transferred from a potential victim's account to a specific address. Subsequently, these Bitcoins were quickly exchanged for Monero (XMR) through multiple exchanges, resulting in a 50% increase in the price of XMR.

According to Odaily, a recent report by Coinshares indicates that the Bitcoin network's hashrate is projected to surpass the historic threshold of 1 Zettahash per second (ZH/s) as early as July this year, significantly ahead of previous forecasts. This milestone underscores the robust growth momentum and resilience of the Bitcoin mining network. The report anticipates that the Bitcoin hashrate will exceed 1.28 ZH/s by the end of 2025 and could reach 2.0 ZH/s by early 2027. Despite a slight rebound in the price of hashrate, a key indicator of miner profitability, it is expected to enter a long-term structural decline. The report forecasts that by the next Bitcoin halving cycle in 2028, the price of hashrate will fluctuate between $35 and $50 per PH/day, with a drop below $40 anticipated in the first quarter of 2026. This trend reflects the dual pressures of improved mining machine efficiency and increased industry competition.

According to PANews, the Bitcoin Bull Score Index has reached 60, indicating a noticeable improvement in market optimism. This shift comes as demand for Bitcoin and stablecoin liquidity begins to rise once more, suggesting a renewed interest in the cryptocurrency market.

According to PANews, a recent report by the New York Digital Investment Group (NYDIG) highlights Bitcoin's emerging role as a non-sovereign value storage tool amid increasing economic and geopolitical uncertainties. The report notes that since April 2, 2025, referred to as 'Liberation Day' by U.S. President Donald Trump, the U.S. dollar and long-term Treasury bonds have weakened, while gold, the Swiss franc, and Bitcoin have gained market favor. Despite a downturn in the U.S. stock market, Bitcoin has risen by 10.3%, indicating a decoupling from traditional risk assets. NYDIG emphasizes that although this trend is in its early stages, current data is insufficient to confirm Bitcoin's widespread acceptance as a safe-haven asset. However, given the rising structural volatility in the market and diminishing confidence in traditional safe-haven assets, Bitcoin may become an option for investors seeking alternative value storage methods.