Despite the official ban, local governments have been liquidating seized BTC and ETH through private channels outside the country.
👉 Lack of regulation or a silent play?
🧠 2. Internal debate on legalizing crypto as assets
The Chinese government is considering officially regulating seized cryptocurrencies.
This could open the door to a partial future normalization of BTC in its legal system.
💱 3. The yuan vs the dollar: digital yuan prevails
China is promoting the use of the digital yuan in international markets, seeking to curb the influence of the dollar…
and potentially increase the use of stablecoins and CBDCs.
💥 4. BTC as a refuge against the devaluation of the yuan?
The recent devaluation of the yuan has generated increased interest in Bitcoin as a store of value, especially among citizens and institutional investors.
🦾 5. Rumors: China could migrate reserves to Bitcoin
Analysts from BlackRock suggest that China could move away from U.S. Treasury bonds and opt for gold and crypto in its strategic reserve.
Bitcoin as a "financial weapon"? 👀
"China says it doesn't like Bitcoin... but secretly sells it"
Bitcoin (BTC) is currently trading at $94,492 USD, consolidating its position after a recent surge. This bullish movement is attributed to:
Positive inflows in ETFs: Exchange-traded funds have seen an increase in investments, boosting the demand for BTC.
Rumors of tariff reductions by Trump: The possibility of a decrease in tariffs has generated optimism in the markets.
Short position covering: Investors who were betting on a price drop are closing their positions, adding bullish pressure.
However, BTC failed to break the resistance of $95,000 USD, suggesting a possible consolidation before a new bullish attempt.
🧠 Other key news from the crypto ecosystem:
Options expiration worth $8 billion: Today, Bitcoin and Ethereum options worth $8 billion expire, which could generate volatility in the market. BeInCrypto
CME to launch XRP futures: CME Group announced plans to launch XRP futures contracts, reflecting the growing institutional demand for this cryptocurrency. CriptoNoticias+1TradingView+1
The Federal Reserve withdraws cryptocurrency guidelines for banks: The Fed has removed its guidelines on crypto financing for banks, which could open new opportunities in the financial sector. es.ihodl.com
SoftBank reinvests in Bitcoin: After a significant loss in 2018, SoftBank has resumed its investments in Bitcoin, reflecting renewed confidence in the crypto market.
📊 Current prices
BTC: $94,492
ETH: $1,772.7
BNB: $603.61
😂
"When you sold at $60k thinking it would drop to $30k…"
In April 2025, XRP has positioned itself as the standout cryptocurrency, with an increase of approximately 300% since the beginning of the year. This growth is attributed to the favorable resolution of legal disputes and institutional adoption of its cross-border payment technology. BeInCrypto
📊 Current Performance
Current Price: $2.20 USD
Daily Change: -1.35%
Intraday Range: $2.13 – $2.23 USD
🔍 Outlook
With its recent momentum, XRP establishes itself as an attractive option for both short-term investors and those with a long-term vision. The crypto community is closely monitoring its evolution, especially in light of potential new partnerships and technological developments. 🔝 General Crypto Hashtags
Bitcoin has experienced a significant rebound, reaching $94,500, its highest level in two months. This momentum is attributed to the easing of trade tensions between the U.S. and China, as well as stability in the Federal Reserve, which has restored confidence in risk assets.
Since its low in April, BTC has risen approximately 25%, surpassing the 200-day moving average and breaking a four-month descending wedge formation. The key levels to watch are:
Resistance: $100,000 – if surpassed, the next target could be $107,000.
Support: $85,000 – a pullback to this level could be a buying opportunity.
Ethereum also shows bullish behavior, with a 5% increase in the last 24 hours, reaching $3,200. This movement is supported by a trading volume of 22.5 million ETH and an increase in the activity of active addresses on the network.
Technical indicators, such as the RSI and MACD, suggest that ETH could continue its ascent towards $3,000 in the short term, with bullish potential towards $4,000 by the end of 2025.
🌍 Global Trends
Globally, cryptocurrency advocates are pushing for the Swiss National Bank (SNB) to diversify its reserves and include Bitcoin, arguing that it offers immunity against inflation and political manipulation.
Bitcoin has surpassed $93,000 USD, reaching a high of $94,147 today. This momentum is due to a combination of factors: Pro-crypto policy of Trump: The president signed an executive order to establish a Strategic Bitcoin Reserve, positioning the U.S. as a leader in digital assets. The White House
Signs of trade peace with China: Trump indicated possible tariff reductions, which has improved confidence in the markets. Investopedia
Institutional entry: Large investors are accumulating BTC, driving the price. Technical analysis Key support: $85,000 The Guardian Immediate resistance: $100,000 Bullish target: $107,000 if resistance is surpassed. Investopedia +1 FX Leaders +1 RSI: Above 50, indicating positive momentum.
😂 Market memes "BTC rising while everyone expected a correction" "Me watching BTC close to 100k without having bought at 63k" "Confused trader: buy or sell?"
📌 Conclusion
Market sentiment is optimistic, but volatility remains present. It is crucial to manage risk and stay informed.