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Bitcoin preserved $70,000 at the weekly close as markets began reacting to a breakdown in US-Iran negotiations and blockade of the Strait of Hormuz. Bitcoin (BTC) held $70,000 at the weekly close as markets reacted to a breakdown in US-Iran negotiations and escalating tensions around the Strait of Hormuz. A breakdown in US-Iran negotiations sends oil surging above $100 per barrel, with the Strait of Hormuz now blockaded. US PPI inflation data is due amid signs that the oil crisis is far from the only driver of price increases. Read more

Bitcoin has once again seen heavy profit-taking above $70,000, according to Glassnode.

Blockchain sleuth ZachXBT said Garrett Dutton’s 5.9 Bitcoin has already been sent to deposit addresses associated with KuCoin. Garrett Dutton, an American musician better known as “G. Love,” said he lost $420,000 worth of Bitcoin after installing a malicious app impersonating the self-custody crypto app Ledger Live from Apple’s App Store and entering his seed phrase. “I had a really tough day,” Dutton told his 67,500 followers in a post on X on Saturday, adding that he lost his 5.9 Bitcoin (BTC) stash “in an instant” after spending about 10 years accumulating the coins to secure his retirement. In a follow-up post, crypto sleuth ZachXBT said that Dutton’s Bitcoin has been sent to deposit addresses linked to the crypto exchange KuCoin across nine transactions. KuCoin replied to the post with a statement typically addressed to customers. Read more

Bitcoin mining is becoming more centralized while AI may move the opposite way, driven by edge computing and open-source models. Bitcoin mining runs the risk of becoming more centralized as time goes on, while artificial intelligence may be moving in the opposite direction, according to Galaxy Research head Alex Thorn. Thorn said that while Bitcoin mining began decentralized, with users mining Bitcoin on their personal computers, it has since become far more centralized, requiring ASIC miners or industrial-scale farms.  “AI may follow the opposite path,” Thorn said, explaining that AI began in centralized clusters but could decentralize as open-source models close the gap. Read more

Strategy is one of the most aggressively promoted stocks on Wall Street, with a consensus “Strong Buy” rating and an average analyst price target that implies a 155% upside from recent prices. That's nearly double the implied upside for any other large-cap name in America. It's also, by a wide margin, the single largest issuer […] The post Banks rate Strategy a ‘buy’ while collecting $274M to issue stock for its Bitcoin purchases appeared first on CryptoSlate.

Bitcoin price sold off as negotiations to end the US-Iran war broke down and the Strait of Hormuz returned to the spotlight. Bitcoin (BTC) fell 3% to trade below $71,000 into Sunday’s weekly close after negotiations to end the US-Iran war broke down. Key points: Bitcoin shed its gains as negotiations between the US and Iran broke down. Read more

Is Coinbase too big to fail? It has to be now ETFs rely on it daily Wall Street spent two years selling investors on a clean vision of Bitcoin: a regulated exchange-traded fund, cleared and settled through the same institutional machinery that handles equities and bonds, scrubbed of the Wild West baggage that haunted crypto's […] The post Over 80% of Bitcoin ETF assets hit Coinbase custody choke point with $74B at risk appeared first on CryptoSlate.

The company has completed 105 Bitcoin transactions since 2020 and is playing contrarian as it continues accumulating BTC via corporate debt and equity financing Michael Saylor, the co-founder of Bitcoin (BTC) treasury company Strategy, signaled that the company is acquiring more BTC, as the price retreated from the local high of over $73,000 reached this week. “Think bigger,” Saylor said on Sunday, while sharing the chart of Strategy’s BTC purchase history that has become synonymous with imminent BTC acquisitions. Strategy’s most recent BTC purchase was April 6, when it bought 4,871 coins for more than $329.8 million, bringing its total holdings to 766,970 BTC, valued at about $54.5 billion using market prices at the time of publication, according to the company. The Tysons Corners, Virginia-based company continues accumulating BTC, even amid a bear market that pushed Bitcoin’s price down to two-year lows, putting Strategy’s BTC treasury underwater. Read more

Bitcoin miners are heading toward the 2028 halving with thinner margins, tighter power markets and a growing need for capital discipline. Bitcoin’s fifth halving is roughly two years away, and the mining sector is heading into it with far less margin for error than in 2024, as higher costs, tighter energy markets and clearer regulation reshape the industry. At the last halving in April 2024, Bitcoin (BTC) traded at around $63,000 as rewards fell from 6.25 BTC to 3.125 BTC per block, according to Coingecko. In April 2028, at the next halving, miners face higher input costs for half the new coins, as rewards drop to 1.5625 BTC. That looks tougher in a world of record hashrate, higher energy prices and more selective capital. Energy security has also become a strategic concern after geopolitical shocks jolted fuel and power markets, while regulators from Washington to Europe move from ad-hoc guidance to formal regimes for custody and licensed institutional platforms. Read more

The US-Iran ceasefire made oil retreat, European equities posted their largest single-day gain in more than four years, and crypto joined the relief wave alongside everything else. During the relief, traders rotated sharply into privacy-adjacent names, pushing Zcash up roughly 59.6% over seven days and Dash up about 47.3% over the same window. CryptoSlate's privacy […] The post Zcash beats Bitcoin by 46% as privacy coins decouple during Iran War appeared first on CryptoSlate.

Bitcoin kept part of the ceasefire bounce, but the chain still has not confirmed the move Bitcoin is still holding around $71,000 after the weekend’s ceasefire-driven risk bounce, even as the macro story behind that move has already started to fray. That leaves the market in an awkward middle ground. Price kept part of the […] The post Bitcoin sits on a knife edge but holds $71k as “no Iran deal” spooks market over the weekend appeared first on CryptoSlate.

Bitcoin and Ether are each less than 10% away from price levels that could signal a potential reversal in the crypto market, according to a macro analyst. Bitcoin and Ether aren’t far from levels that could signal a trend reversal this year, despite a growing consensus across the industry calling for a bear market, according to macro analyst Jordi Visser. “If we trade above $76,000 and at the same time we see Ethereum above $2,400, I believe that is the beginning of a move that will be sustainable this year because I don't think we're going to have a recession,” Visser said on the Anthony Pompliano podcast published on YouTube on Friday. A move to $76,000 would represent an increase of 6.1% from Bitcoin’s (BTC) price of $71,646 at the time of publication, according to CoinMarketCap data. Ether’s (ETH) move to $2,400 would represent an increase of around 8%. Read more

A Bitcoin researcher proposes a fix to quantum computing fears, CZ outlines his 2031 crypto vision: Hodler’s Digest

Ray Dalio's Apr. 9 TIME essay carries a geopolitical surface and a monetary argument underneath. Dalio explicitly writes that his indicators point to a simultaneous breakdown of the monetary order, some domestic political orders, and the geopolitical world order. The Iran conflict is the immediate trigger, but the structural claim below that is that investors […] The post Ray Dalio issues economic “war thesis” showing dollar-debasement against Bitcoin appeared first on CryptoSlate.

Bitcoin open interest hit five-week highs while funding rates mimicked the BTC price collapse below $60,000, leading analysis to predict a new short squeeze. Bitcoin (BTC) is due a classic “short squeeze” as open interest hits five-week highs, says new analysis. Key points: Bitcoin is seeing a combination of rising open interest and negative funding rates. Read more

Bitcoin might trade around the clock, but its liquidity doesn't anymore. The asset that was supposed to become more resilient after absorbing billions in institutional capital through ETFs has instead developed a split personality, one that looks deep and orderly during New York trading hours and considerably more fragile once Wall Street's desks go dark. […] The post How institutions made Bitcoin a weekday market so retail takes on all the weekend risk appeared first on CryptoSlate.

Bitcoin traders are rebuilding bets on a move toward $80,000 as easing geopolitical tensions, firmer institutional demand, and a rebound above $70,000 revive appetite for upside exposure after weeks of defensive positioning. On Coinbase-owned Deribit, the largest venue for crypto options, the $80,000 call has become the single biggest strike by open interest this week, […] The post Bitcoin bulls are eyeing $100,000, yet the futures market hints at another dip first appeared first on CryptoSlate.

Alex Thorn, an executive at crypto investment firm Galaxy, said it is monitoring onchain activity for signs of an oil tanker fee paid in BTC. The Bitcoin (BTC) community is discussing the feasibility and implications of the Iranian government accepting BTC for tolls paid by oil tankers crossing the Strait of Hormuz, a critical shipping lane through which about 20% of the global oil supply passes.  The reactions were sparked by a Financial Times report, published on Wednesday, which said that the Iranian government was considering BTC payments for oil tolls to avoid sanctions imposed by the United States. Several conflicting reports have been published since the Financial Times article, which suggest that the tolls are payable in stablecoins or Chinese yuan, according to Alex Thorn, the head of firmwide research at crypto investment firm Galaxy.  Read more

Technical analysis, overhead supply awaiting absorption, and a shift in investor sentiment have increased the likelihood of Bitcoin reaching $80,000 in April. Bitcoin (BTC) extended its bullish run into the Wall Street open on Friday, rallying above $73,000. Traders now eye a move back toward $80,000 by the end of April, as several indicators point to bulls retaking control of the crypto market. On Tuesday, Bitcoin invalidated what initially appeared to be a bear pennant on the daily chart. Related: Old Bitcoin whales sold $271M in BTC: Is crypto rally at stake?  Read more

Bitcoin holding above $72,000, along with a sharp uptick in whale activity, suggests traders may target the supply zone at $88,000. Mirroring a breakout setup from Q2 2025, Bitcoin (BTC) is now eyeing a possible rally toward the $86,000–$90,000 range over the next few weeks. The bullish view is supported by robust Bitcoin whale activity and large BTC inflows to exchanges, which have dropped by $5 billion over the past two months. Bitcoin reached a weekly high of $73,255 on Friday after testing the $72,000 level earlier in the week, with the price compressing between $70,000 and $72,000 over the past four days. The higher price range is showing more stability for BTC than in March, when BTC quickly corrected after reaching the key level.  Read more