$BTC Bitcoin Crash Incoming? Why Experts Say $65K Is Possible The post Bitcoin Crash Incoming? Why Experts Say $65K Is Possible appeared first on Coinpedia Fintech News
Bitcoin is under pressure, dropping to $81K as market uncertainty rises. After hitting $88K earlier this week, it’s now facing heavy selling, mirroring stock market turbulence after Trump’s tariff announcement. The altcoin market has taken a $50 billion hit, with ETH, SOL, and BNB struggling while DOGE and TRX show slight recovery. Bitcoin is currently at $82K with a $39.45 billion trading volume, and all eyes are on whether it can hold or slide further.
Right now, Bitcoin is at a critical position, and the next few days could set the tone for its next big move. If it holds strong, $75,000 is within reach, and altcoins might follow with their own surges. With the macro outlook improving and market sentiment turning positive, things are looking promising. Now, it’s a waiting game to see how the market responds. Here’s one analyst who points out key levels to watch!
Analyst Predicts Bitcoin’s Next Move Michael van de Poppe, a well-known crypto analyst, has laid out some key insights into Bitcoin’s current price movement. The leading cryptocurrency is hovering around $70,000, but Poppe believes this is just a warm-up. He’s eyeing an upward move to $75,000, but before that, Bitcoin needs to hold above the crucial $68,000 level to keep its bullish momentum intact. If it slips below that, we could see a dip to $65,000 before another strong rally.
Van De Poppe isn’t just looking at Bitcoin only; he’s also considering the wider market. With traditional financial markets showing signs of strength and liquidity flowing into risk assets, crypto could benefit. The recent slowdown in inflation and expectations of potential interest rate cuts in the coming months might give Bitcoin the push it needs. In short, macroeconomic conditions are aligning in favor of crypto.
The price is currently trading within a falling wedge pattern and is near the support line. You can consider opening a long position at this point with a tight stop loss set just below the support area. A bounce from this level toward the resistance line is a possibility.
Why Is the Crypto Market Down Today and How Traders are Playing BTC, XRP, SOL Dip From bitcoin as a capital preservation tool to some targeting a move toward the $70,000 level, here’s how traders are reacting to U.S. tariffs.
The introduction of heavy tariffs by the Trump administration is causing volatility in the crypto market, with Bitcoin and Ethereum experiencing significant price drops. Analysts suggest that while short-term uncertainty prevails, there is potential for bitcoin to become a hedge against inflation if the dollar weakens due to prolonged economic strain. The tariffs could lead to stagflation and a shift towards bitcoin as a decentralized store of value, with institutional investors continuing to accumulate despite market turbulence.
Bitcoin’s Price Sees Slow Rebound: Here Is The Next Strong Support Zone To Watch Bitcoin‘s price surge on Wednesday to the $87,000 threshold has reignited bullish sentiment in the market. However, the flagship asset’s renewed upward strength has briefly weakened, dropping to the $85,000 level. During this slight movement, a key strong support zone was identified during BTC’s recent journey.
Next Strong Support Zone For Bitcoin Identified Following recent market instability, Bitcoin is beginning to show indications of a slow recovery and stability. On-chain expert and trader BorisVest has identified a significant support zone that could be crucial to BTC’s future performance.
In the CryptoQuant quicktake post, the expert points to a strong support zone between the $65,000 and $71,000 price range. The identified support zone seems to be acting as a critical foundation for bullish momentum, potentially preventing further downside risk.
The on-chain expert highlighted that BTC market dynamics indicate that the Active Realized Price is around the $71,000 mark. Interestingly, this crucial level excludes long-dormant coins and helps traders establish a support level based on more current market action.
While the Active Realized Price is around the $71,000 level, the True Market Mean Price is sitting at the $65,000 mark. BorisVest noted that this level provides a more precise assessment, showing that the $65,000 point is a critical support area in Bitcoin’s market $BTC
#TrumpTariffs Liberation Day’ Tariffs Tank Official Donald Trump Meme Coin 16% The Official Trump meme coin has sunk to lows only seen within hours of its launch, following the President’s latest tariff announcements. President Trump’s “Liberation Day” saw major tariffs announced for over 180 countries, including China, Israel, and Ukraine.
In the aftermath, global stock futures markets and Bitcoin (BTC) slumped, while Trump’s own Official Trump (TRUMP) meme coin tanked by over 15%—sinking to lows not seen since the first hours of its launch. The TRUMP token launched on Solana days before Trump’s inauguration, with the now-President embracing it as his official token and promoting it on multiple occasions. It was seen as a major sign that the incoming administration would act more favorably towards the crypto industry. As such, it soared to a $15.18 billion market cap within its first day. But it soon tumbled by over 64% to $5.42 billion, after the First Lady Melania Trump launched her own meme coin—which was later linked to the issuers of the controversial LIBRA token.
Following Liberation Day, TRUMP has tanked 15.4% to a market cap of $1.78 billion, according to CoinGecko, lows only seen within three hours of the token’s launch. Its slide outpaced that of other leading cryptocurrencies, with Bitcoin (BTC) slipping 5.2% on the day, Ethereum (ETH) sliding 6.5%, and Dogecoin (DOGE) 9.8%.
Trump’s ‘Liberation Day’ Since regaining power, President Trump has launched a trade war, promising to implement tariffs across the globe.
🔈JUST IN: 🇺🇸Elon Musk’s X joins researchers and advocacy groups in urging the US Supreme Court to block law enforcement from forcing companies like Coinbase to hand over user data.
#CircleIPO USDC Issuer Circle Files for IPO Amid Crypto-Friendly US Regulatory Shift Circle, the issuer of the USDC stablecoin, has filed for an initial public offering (IPO), marking a major step toward becoming a publicly traded company.
The firm has submitted its prospectus to the Securities and Exchange Commission (SEC), aiming to list its shares on the New York Stock Exchange under the ticker symbol “CRCL.” This move comes at a time when the U.S. government appears to be becoming more favorable toward cryptocurrency and blockchain-based technologies.
USDC Issuer Circle Files for IPO Circle’s decision to go public follows years of anticipation. The company first attempted to enter the public markets via a merger with a special purpose acquisition company (SPAC) in 2021. However, this effort was halted due to regulatory concerns and timing issues with the SEC.
Since then, Circle has worked to position itself as a more integral player in global finance, including relocating its headquarters from Boston to New York’s One World Trade Center.
In 2024, Circle submitted a draft registration statement for its IPO with the SEC, move that has been made in light of the growing influence of stablecoins in the crypto-market. In the case of IPO, it will give Circle access to public funds, and investors a chance to invest in a company that has been active in cryptocurrency for several years now.
Financial Performance and IPO Valuation Circle reported a significant increase in its revenue for 2024, with its total revenue reaching $1.68 billion, up from $1.45 billion in 2023. A large portion of this income came from reserve income related to its stablecoin operations. The company’s net income for the year stood at approximately $156 million, though this was a decrease from $268 million in 2023.
The IPO is expected to value Circle at between $4 billion and $5 billion, with JPMorgan Chase and Citigroup acting as the lead underwriters.
Cardano (ADA) Price Prediction for April 2 Cardano Price Prediction The post Cardano (ADA) Price Prediction for April 2 appeared first on Coinpedia Fintech News
It seems like ADA, Cardano’s native token, has successfully retested its crucial support and is repeating its previous move. However, due to market uncertainty, the asset is facing difficulties and struggling to gain momentum.
Current Price Momentum At press time, ADA is trading near $0.67 and has experienced a modest price surge of over 0.50%, which was previously 4.5%. However, due to uncertainty, the token lost its gains.
Meanwhile, during the same period, the asset’s trading volume dropped by 20%, indicating lower participation from traders and investors compared to the previous day.
Cardano (ADA) Technical Analysis and Price Prediction According to expert technical analysis, ADA recently visited a key support level of $0.63, which has a history of strong price reversals or rebounds. ADA has always seen strong buying pressure at this level, leading to an upside rally. This time, the asset has formed a Doji candle at the support level on the daily timeframe, hinting at potential upside momentum.
Based on recent price action, if ADA remains above the $0.63 level, there is a strong possibility it could soar by 25% to reach $0.85. However, since the current market isn’t bullish, it would be difficult to see such an upward move. Instead, we may see price consolidation between the $0.63 and $0.70 levels over the next few days. $USDC $ADA
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