Bitcoin Holders Pocket $139M in Profits Amid Rally!
BTC investors are riding high with $139 million in realized profits đ°đĽ as the market surges!
So far, the indicator has achieved a peak of $139 million per hour, which is about 17% higher than the baseline value of $120 million per hour. While this level isnât too high when compared to the profit-taking sprees from the last bull rally (highlighted in green), itâs still notable, especially when considering how much lower it has been during the last couple of months.
Is this just the beginning of the bull run? Stay sharp, traders! đ§ đš
U.S. stocks surged on April 23, 2025, following President Donald Trump's announcement that tariffs on Chinese importsâcurrently at 145%âwould be "substantially reduced."
This shift in policy alleviated investor concerns over escalating trade tensions and economic instability.
đ Title:
Stocks Rally as Trump Backtracks on China: Tariffs Will 'Come Down Substantially'
đ Description
U.S. stock markets experienced significant gains after President Trump indicated a reduction in tariffs on Chinese good. The Dow Jones Industrial Average rose by 1.47%, the S&P 500 climbed 2.14%, and the Nasdaq surged 3.09. Trump's comments also included a statement of no intention to remove Federal Reserve Chairman Jerome Powell, further boosting market confidenc.
đ Market Highlights:
Dow Jones Industrial Average: Up 1.47% at 39,774 poits
S&P 500: Up 2.14% at 5,400.74 poits
Nasdaq Composite: Up 3.09% at 16,803.75 poits
đ Key Factors Driving the Rally:
Tariff Reduction: Trump's announcement to substantially lower the 145% tariffs on Chinese imports eased fears of a prolonged trade.
Federal Reserve Stability: The President's statement of no intention to remove Chairman Jerome Powell reassured markets about the Fed's independece.
Tech Sector Gains: Leading tech stocks, particularly in AI, saw significant increases, with Nvidia up 5% and Tesla climbing 67%.
Global Market Impact: European and Asian markets also experienced rallies, reflecting global optimsm.
Crypto-Friendly Paul Atkins Sworn in as 34th U.S. SEC Chairman.
Paul S. Atkins has officially assumed office as the 34th Chairman of the U.S. Securities and Exchange Commission (SEC). Nominated by President Donald Trump and confirmed by the Senate, Atkins returns to the SEC after serving as a commissioner from 2002 to 2008. Known for his pro-business and crypto-friendly stance, he has advocated for clearer regulations in the digital asset space. Atkins succeeds Gary Gensler and is expected to bring significant changes to crypto oversight, though industry experts anticipate a gradual shift in policy.
Bybit Theft Update: CEO Confirms Significant Portion Of Stolen $1.4 Billion Is Now Untraceable
In a staggering breach that rocked the crypto world, crypto exchange Bybit has reported significant developments following a major hack attributed to alleged North Korean hackers. The incident, part of a record-breaking $1.5 billion crypto heist, has seen hackers convert at least $300 million into unrecoverable funds. CEO Ben Zhou provided a detailed update on the situation through a post on social media platform X.
Bitcoin Surges Past $87,000: Expert Analysis on Potential Market Outcomes
Bitcoin's recent surge above $87,000 has captured the attention of investors and analysts alike. In this article, we delve into the insights of crypto expert Doctor Profit, who outlines key support and resistance levels, potential breakout scenarios, and factors influencing Bitcoin's price trajectory. Stay informed with expert analysis on the future of Bitcoin.
Bitcoin Surges Past $87,000: Expert Analysis on Potential Market Outcomes
Bitcoin (BTC) has recently surpassed the $87,000 mark, marking a significant milestone in its price movement. This surge follows a correction earlier this month, where prices dipped to around $74,000. Crypto analyst Doctor Profit has provided a detailed analysis of the current market conditions and potential future scenarios.
Key Support and Resistance Levels
Doctor Profit identifies two critical levels in Bitcoin's price chart:
Golden Line ($77,000): This level has acted as a strong support since the bull run began in early 2023. As long as Bitcoin remains above this line, the risk of a significant downturn is minimized.
Hammer Line: A crucial resistance level that Bitcoin has struggled to break through. If Bitcoin manages to surpass this line, it could signal a continuation of the bullish trend.
Breakout Above Hammer Line: If Bitcoin breaks above the Hammer Line, it could lead to a significant price increase. In this case, Doctor Profit plans to close his short position from $90,000 and maintain his spot position acquired at $77,000.
Bitcoin's recent price movement above $87,000 indicates a potential continuation of its bullish trend. However, key support and resistance levels, along with external economic factors, will play a significant role in determining its future trajectory.
Crypto Industry Not Under Regulatory Capture, Says Attorney.
Attorney Brandon Ferrick asserts that the cryptocurrency sector is not experiencing regulatory capture, highlighting the SEC's transparency and openness to public input as positive signs for healthy crypto regulations.
đĄ Suggested Coin: VeChain (VET) â A Supply Chain Revolutin
VeChain (VET) is gaining attention for its innovative approach to supply chain managemn.
Recently, VET rose 10% to $0.048, driven by its VET Renaissance strategy, which expands its use cases in supply chain and logistc.
This strategy aims to increase transparency and efficiency through blockchain technolgy.
Analysts project a possible high of $0.18 in April, marking a 287% rise from its current prc.
This potential growth makes VET an intriguing option for investors looking to capitalize on the evolving blockchain applications in supply chain managemnt.
đ Coins to Watch: Potential Short-Term Declines
While some cryptocurrencies are on the rise, others are showing signs of potential short-term decline.
IOTA (IOTA) has experienced a decrease of 18.76% over the past mont. Currently trading between $0.30 and $0.40, IOTA's Relative Strength Index (RSI) is nearing oversold territory, suggesting a possible rebound if it breaks above resistance level.
Dogecoin (DOGE) has seen a 17.86% decline over the past mont. Despite a 4.55% increase in the past week, its price remains between $0.33 and $0.42, with support levels at $0.27 and $0.176.
Investors should monitor these coins closely for potential entry points or further decline.
Bitcoin (BTC) is trading at $84,411, experiencing a slight decline of 0.65% from the previous close. Ethereum (ETH) shows modest gains, currently priced at $1,588.17, up by 0.33%. Binance Coin (BNB) is at $591.85, reflecting a 0.31% increase. Cardano (ADA) is priced at $0.629, up by 2.08%, and XRP is trading at $2.06.â
These movements highlight the dynamic nature of the crypto market, with investors keeping a close eye on these assets for potential opportunities.â
đ Bitcoin's Bull Run: Almost 90% of Holders Are in Profit! đ
Bitcoin's recent surge has turned the tide for investors, with nearly 90% of holders now seeing profit. This marks the highest profitability rate since November 2021, highlighting the cryptocurrency's remarkable performanc.
đ Key Highlights
- đ Profitability Surge: As of late 2023, approximately 87.5% of Bitcoin addresses were profitable, a significant increase from 55% in December 222.
- đ° Major Price Rall: Bitcoin's price surged by nearly 160% year-over-year, reaching around $43,000 by the end of 023.
- đ Record-Breaking Leves: In October 2024, over 94% of Bitcoin holders were in profit, with more than 50.67 million addresses having acquired BTC below $6,500.
- đ Institutional Confidece: Large Bitcoin holders and miners have been accumulating more BTC, indicating strong institutional confidence in the market's uture.
đ What Does This Mean for Investors?
- đ Short-Term Volatlity: While the majority are in profit, some investors who purchased near the $72,000 mark may be experiencing losses, suggesting potential short-term voatility.
- đ Bullish Moentum: The overall bullish sentiment is supported by institutional interest and ETF inflows, which are expected to drive furthr growth.
đ Bitcoin PriceSnapshot
As of April 18, 2025, Bitcoin (BTC) is trading at $84,653, reflecting a 0.61% increase from the prevous close.
Bitcoin Recovery in Motion: Divergence Between US and Asia Markets
Key Highlights:
Price Movement:Â Bitcoin is currently trading at $84,681, experiencing a slight increase of 0.82% from the previous close.â
Regional Supply Shift: Data from Glassnode indicates a significant shift in Bitcoin supply, with U.S. dominance declining by 11% since mid-2022, while Asian entities have increased their holdings by 9.9% during the same period .âNewsBTC+4Bitcoin Insider+4Coin Surges+4
Retail Trading Surge in APAC: Retail Bitcoin activity in the Asia-Pacific (APAC) region has outpaced that of the U.S. and Europe, driven by non-institutional participation. Since December 2022, APAC's year-over-year supply growth reached 6.4%, while the U.S. and Europe saw declines .â
Market Sentiment: Analysts are observing a narrowing pattern in the Coinbase Premium, suggesting potential renewed buying interest from institutional investors in the U.S., even as the Korea Premium Index remains subdued .â
Regulatory Influences: Shifting regulatory landscapes, particularly in the U.S., are influencing global Bitcoin demand. While the U.S. faces tightening regulations, Asian markets are experiencing growth in Bitcoin supply .âCoin Surges+1Bitcoin Insider+1
Overall, Bitcoin's recovery is showing signs of divergence between U.S. and Asian markets, with Asia leading in retail trading activity and supply growth.
Geopolitical Turmoil Sparks Short-Term Volatility in Global Market
Given the current geopolitical instability â including the Russia-Ukraine war, Israel-Gaza conflict, Yemen tensions, and ongoing tariff disputes (particularly U.S.-China trade dynamics) â the global financial and crypto markets are likely to experience increased volatility in the short term. Here's a structured analysis:
đ Geopolitical Impact Overview RussiaâUkraine â ď¸ Risk-on assets suffer; energy prices fluctuate Ongoing war keeps Europe cautious; energy-sensitive.