Enish Co., the Japanese gaming firm behind blockchain-based game series ‘De:Lithe Last Memories,’ has announced its first BTC purchase worth 100 million yen. According to a recently published document , Enish Co. stated that it would allocate 100 million yen or equal to $679,049 of company funds to buy Bitcoin ( BTC ). The Japanese firm stated that the purchase would be completed by April 4. According to the notice, Enish’s recent BTC purchase is part of its latest financial strategy. The firm also aims to diversify its financial assets while also taking advantage of the liquidity and stability of Bitcoin, including the opportunity to generate profits from future price increases. The Japanese gaming firm said it would start conducting quarterly reviews on its BTC investments and promised to include any unrealized gains or losses in its financial reports. At press time, Bitcoin has gone down by 1.3% in the past 24 hours. BTC is currently trading hands at $83,242. The recent dip in BTC prices could be a reason why Enish decided to make the purchase while prices are lower than usual. In the past week, BTC has gone down by 4.66%. It has yet to recover from its slump, with its highest price staying slightly below the $90k threshold at only $87,791, according to data from crypto.news. Price chart for Bitcoin in the past 24 hours of trading, April 3, 2025 | Source: crypto.news You might also like: Japan PM calls crypto ‘extremely important’ ahead of 2025 crypto tax review Moreover, the company aims to “deepen our understanding of blockchain technology” through purchasing cryptocurrency as a way to strengthen the firm’s technical capabilities in creating more web3 -based games. Enish Co., is known for producing mobile games such as “De:Lithe – The King of Oblivion and Angel of the Covenant.” One of its latest releases in the De:Lithe series is a blockchain-based game called “De:Lithe Last Memories.” Launched on July 25, 2024, “De:Lithe Last Memories” is described on its site as a Free to Play mobile game where players can earn tokens and purchase NFTs . Rewards are distributed through a reward pool as more tokens are consumed or as sales increase. Most of the game’s revenue comes from ads and in-app purchases, which lessens the burden on tokens and NFTs themselves. The game’s token, xGEEK is designed to be a fixed price token, valued at $1.00 per 100 xGEEK tokens. Japanese gaming companies have been branching into web3 through the creation of mobile blockchain games. Most recently, Japanese messaging app LINE teamed up with Sony’s Soneium blockchain to release four blockchain-based mini app games. Players can earn points in the games that they can carry over to the main app. Read more: Soneium gears up to launch blockchain mini-apps for 200M LINE users
Cryptocurrency analytics firm MakroVision has provided an in-depth update on Bitcoin’s current price structure, suggesting that the market is approaching a pivotal moment. According to its latest technical assessments, Bitcoin is consolidating just below a significant liquidity cluster and a long-term downtrend line, suggesting a calm period ahead of the next significant price move. According to the analytics firm, BTC remains below the red trendline but is forming higher lows in a sign of a potential bull squeeze. The price is trading just below the $87,600-$89,900 resistance zone but has yet to achieve a sustainable breakout. MacroVision has identified $91,700 as the next major target if Bitcoin can break out of the orange resistance zone. A breakout of this level would mark the first structural shift in momentum in months and could potentially signal a trend reversal. Related News: BREAKING: Coinbase Adds a New Surprise Altcoin to Its Listing Roadmap $81,300 represents the recent high low. A retest of this level could weaken the bullish pattern. $72,000 (Golden Pocket) is considered a strong support in case of a deeper correction and could potentially prevent further downside moves. Technical analysis chart shared by MakroVision. MakroVision’s analysis concludes that Bitcoin is once again at a critical point and the next major price move will likely determine its direction for the months ahead. *This is not investment advice. Continue Reading: Analysis Company: “Bitcoin is at a Crucial Turning Point, Watch These Levels”
Bitcoin’s price grapples beneath $85,000 as investor caution surfaces, revealing a significant drop in circulation and market sentiment. Despite turbulent market conditions, long-term holders remain optimistic, showcasing a strong commitment
Buckle up, crypto enthusiasts! The traditional markets are flashing red, and it’s time to pay attention. Nasdaq 100 futures have just nosedived a staggering 4.2%, while S&P 500 futures aren’t far behind, tumbling 3.5%. What does this mean for your crypto portfolio? Let’s dive deep into this developing situation and uncover the potential crypto market impact of this sudden stock market tremor. Decoding the Shocking Nasdaq Futures and S&P 500 Drop The sharp decline in Nasdaq futures and S&P 500 futures is sending shockwaves through global markets. But what exactly are these futures, and why are their movements so crucial? Futures contracts are essentially agreements to buy or sell an asset at a predetermined future date and price. They act as indicators of market sentiment and often foreshadow the direction of the actual stock market when it opens. A significant drop in futures, like the one we’re witnessing now, typically signals investor apprehension and anticipation of a downturn in the underlying stock indices. Here’s a breakdown of what you need to know: Nasdaq 100 Futures: These futures track the performance of the Nasdaq 100 index, which is heavily weighted towards technology stocks. A 4.2% drop suggests significant selling pressure in the tech sector, often considered a growth and risk-on area of the market. S&P 500 Futures: Tracking the broader S&P 500 index, a 3.5% fall here indicates widespread concern across various sectors of the U.S. economy. Global Market Contagion: The U.S. stock market is a global bellwether. Significant movements here can trigger similar reactions in markets worldwide, including the cryptocurrency market. The reasons behind this sudden downturn are likely multifaceted, ranging from concerns about inflation and rising interest rates to geopolitical uncertainties. Whatever the catalyst, the immediate effect is clear: risk assets are being reassessed, and investors are exhibiting a flight to safety. The Tangible Crypto Market Impact: What to Expect? So, how does a stock market crash , or even a significant dip in futures, translate to the crypto world? The correlation between traditional markets and cryptocurrencies, particularly Bitcoin and Ethereum, has become increasingly apparent in recent times. When traditional markets experience turbulence, the crypto market often feels the ripple effects. Here’s a look at the potential impacts: Impact Area Potential Effect on Crypto Investor Sentiment Negative sentiment in traditional markets can spill over to crypto, leading to increased selling pressure and price drops. Risk-off behavior becomes dominant. Liquidity Crunch During market downturns, investors may liquidate assets across the board to raise cash, impacting crypto liquidity and potentially triggering sharper price declines. Institutional Investors Institutions, now increasingly involved in crypto, often manage risk across their entire portfolio. Stock market losses might prompt them to reduce exposure in more volatile assets like cryptocurrencies. Correlation Play Algorithmic trading and market-making bots often operate based on correlations between different asset classes. A stock market downturn can trigger automated selling in correlated assets like crypto. However, it’s crucial to remember that the crypto market is also driven by its own unique factors, including technological developments, regulatory news, and adoption rates. While traditional market woes can exert downward pressure, they don’t dictate the entire narrative for crypto. Navigating Market Volatility: Is This a Buying Opportunity Amidst Market Volatility? Market downturns, while unsettling, can also present opportunities. The current market volatility , triggered by the futures drop, could be viewed in a few different ways by crypto investors: Potential Buying Opportunity: For long-term believers in crypto, significant price dips can be seen as chances to accumulate assets at lower prices. The adage “buy the dip” becomes relevant, but requires careful consideration and risk management. Risk Assessment: It’s a crucial time to reassess your portfolio risk. Are you overexposed to volatile assets? Do you have sufficient cash reserves? Market corrections are healthy reminders to review and adjust your investment strategy. Diversification: While crypto can be a valuable part of a portfolio, diversification across different asset classes remains key. Traditional market events highlight the importance of not putting all your eggs in one basket. Focus on Fundamentals: In times of market turmoil, it’s beneficial to refocus on the fundamentals of your crypto investments. Are the underlying projects still strong? Is the adoption narrative intact? Solid projects often weather market storms better. It’s essential to approach the current situation with a balanced perspective. Panic selling based on short-term market fluctuations is often detrimental. Instead, informed decision-making, based on research and a clear understanding of your risk tolerance, is paramount. The Unpredictable Road Ahead: Staying Informed in Times of Market Uncertainty The drop in Nasdaq and S&P 500 futures serves as a stark reminder of the interconnectedness and inherent volatility of global markets. While the immediate stock market crash implications for crypto are negative price action, it also presents a crucial moment for investors to learn, adapt, and potentially capitalize on emerging opportunities. The coming days and weeks will be critical in determining the longer-term impact of this market event. Staying informed, being prepared, and maintaining a long-term perspective are your best tools in navigating these uncertain times. To learn more about the latest crypto market trends, explore our article on key developments shaping crypto market price action.
As Bitcoin (BTC) steadies, and XRP and Solana (SOL) continue building momentum, one pre-sale is cutting through the noise—MAGACOINFINANCE. With investors from multiple communities aligning behind it, projections of a $555K valuation surge are surfacing. Traders who’ve missed early runs are locking in, sensing another big breakout forming. CURRENT PRICE – $0.0002704 – LISTING PRICE $0.007 -PRE-SALE SELLING OUT! MAGACOINFINANCE – NEXT STAGE PRICING JUST HOURS AWAY Unprecedented Growth Potential MAGACOINFINANCE has now raised more than $4.5 million, and the momentum is only accelerating. With a capped 100 billion token supply and mounting interest from BTC, SOL, and XRP holders, it’s becoming one of the most anticipated pre-sales of 2025. Social channels and Telegram groups are lighting up as interest spikes. ACT NOW – GET 50% EXTRA BONUS WITH CODE MAGA50X Lock In Early with Limited-Time Bonus Access At just $0.0002704, and heading toward a $0.007 launch, MAGACOINFINANCE offers a calculated 2,532% ROI potential. Using the promo code MAGA50X gets you a 50% EXTRA BONUS instantly—a powerful edge before the next pricing tier is unlocked. XRP, SOL, KAS, and TRX: Holding Strong in 2025 XRP is steady at $0.62, still pushing into global financial infrastructure.Solana (SOL) trades at $125.89, maintaining dApp dominance with speed and cost-efficiency.Kaspa (KAS) sits at $0.123, delivering speed and decentralization through proof-of-work.Tron (TRX) holds at $0.118, a consistent performer in stablecoin settlement and on-chain media. ACT NOW – JOIN THE BIGGEST PRE-SALE IN HISTORY! Conclusion As the cryptocurrency market continues to evolve, both established and emerging digital assets present unique opportunities. While Bitcoin (BTC), Ripple (XRP), and Solana (SOL) pursue growth strategies, MAGACOINFINANCE distinguishes itself with its innovative approach and attractive pre-sale incentives. Investors are encouraged to conduct thorough research, stay informed about market trends, and consider diversifying their portfolios to navigate this dynamic landscape effectively. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: $555K Crypto Surge? Bitcoin, XRP, and Solana Communities Rally Behind MAGACOINFINANCE
Fidelity Digital Asset Research Analyst Zack Wainwright states that bitcoin might still be in a euphoric, volatile period, which he calls an acceleration phase. At the end of this phase, bitcoin might experience a dramatic rally that could take the asset to new heights. Fidelity Digital Assets Expects Big Rally Taking Bitcoin to Price Discovery
The post Why Bitcoin, Ethereum, and XRP Are Down Today? Top Reasons Behind the Crypto Dip appeared first on Coinpedia Fintech News Bitcoin (BTC) price led the wider altcoin market, led by Ethereum (ETH) and XRP, in a bearish outlook in the past 24 hours. The flagship coin dropped over 1 percent in the past 24 hours to trade about $83.3k on Thursday, during the early Western financial markets. Ethereum price slipped around 2 percent in the last 24 hours to trade around $1,824 at the time of this writing. Ripple Labs’ XRP recorded similar losses to trade below $2 for the first time in April. Top Reasons Why BTC, ETH, and XRP Dropped Mixed Reactions from Whale Activities According to on-chain data analysis, long-term Bitcoin holders have acted differently from the ongoing accumulation by public companies . For the past few months, public companies have purchased 95k BTCs while long-term holders have offloaded 178k BTCs. With the notable cash outflows from the U.S. spot BTC and Ether ETFs in the past few months, the crypto market was prone to bearish sentiment . Meanwhile, Ripple diluted the XRP market with 300 million coins from its monthly unlocks, which weighed down on the potential bullish outlook. Bearish Technical Playbook Ethereum and XRP prices followed Bitcoin prices in a sudden correction, which caused a $500 million crypto liquidation in the past 24 hours. As Coinpedia previously pointed out, most of the crypto assets led by BTC have been forming a bearish continuation pattern, characterized by a rising wedge in a falling market. The crypto correlation with major stock indexes and gold markets has significantly declined in the recent past. The short-term macroeconomic uncertainty has pushed more investors to the gold market and away from tech and crypto assets. Trade Wars Increasing Odds for Recession in 2025 Following the announcement of the reciprocal tariffs by U.S. President Donald Trump on Wednesday, the odds of a recession in major economies significantly surged. According to the Polymarket, the offs of a U.S. recession in 2025 surged by 32 percent to around 51 percent chance on Thursday. Although a recession is considered bullish for the crypto market, the fear of short-term bearish sentiment was palpable. Moreover, the new tariffs will significantly disrupt global supply chains, and possibly cause financial strains to middle and low-income households. What Next? The crypto market has approached a crucial pivotal moment, which could either trigger a parabolic rally in the coming months or further pain. However, the ongoing rally of gold price has signaled a potential crypto recovery in the near term. 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Bitcoin dropped due to whale sell-offs, ETF outflows, and bearish technical patterns, triggering broader crypto market losses. How do trade wars affect cryptocurrency prices? Trade wars increase recession fears, pushing investors toward safer assets like gold, reducing demand for crypto in the short term. Is Ethereum (ETH) following Bitcoin’s price trend? Yes, ETH often mirrors BTC’s price movement, and recent bearish patterns led to Ethereum’s 2% drop in the last 24 hours.
Crypto analyst Ali Martinez (@ali_charts) has highlighted a significant development in XRP’s on-chain metrics. According to his analysis, the cryptocurrency’s MVRV (Market Value to Realized Value) ratio has dropped below its 200-day moving average (MA), a technical indicator often used to assess market trends. Martinez suggests this crossover could indicate a macro shift in XRP’s price action. The $XRP MVRV Ratio just dipped below its 200-day moving average. This crossover may be signaling a macro trend shift in price action! pic.twitter.com/o96jXgdgDc — Ali (@ali_charts) April 1, 2025 The MVRV ratio is a widely used metric in cryptocurrency analysis. It compares an asset’s market value to the average price at which tokens last moved on-chain. When the MVRV ratio is high, it suggests that holders are sitting on large unrealized profits, increasing the likelihood of sell-offs. Conversely, a low or negative MVRV ratio can indicate the asset is undervalued, often signaling a buying opportunity. Martinez’s chart, sourced from Santiment, visually represents this crossover event. The image shows XRP’s MVRV ratio declining beneath the 200-day MA, a key threshold often watched by traders and analysts. Historically, such crossovers have preceded significant market moves, making this event particularly noteworthy for XRP investors . We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Implications of the MVRV Ratio Crossing Below the 200-Day MA A drop in the MVRV ratio below the 200-day MA can suggest a shift in market sentiment. If past patterns hold, this could mean that XRP is entering a period of lower returns or a potential downtrend. While the significance of this crossover depends on broader market conditions, technical analysts often interpret such movements as an early sign of changing trends. If selling pressure intensifies, XRP could face a further downside. On the other hand, if buyers step in at these lower levels, it could result in price stabilization or even a recovery. Market Context and Possible Outcomes The broader cryptocurrency market environment can also help determine whether this MVRV ratio decline leads to further losses or if it remains a temporary fluctuation. Bitcoin and other major digital assets have experienced volatility in recent weeks, and XRP’s price action may follow overall market trends. Some traders may see this crossover as a bearish confirmation, while others may wait for additional confirmation signals, such as changes in trading volume or support levels being tested. Martinez’s observation underscores the importance of monitoring on-chain metrics when assessing market conditions. As the situation develops, traders will likely pay close attention to XRP’s price action about its MVRV ratio and broader market movements. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP MVRV Ratio Dips Below 200-Day Moving Average. Here’s the Significance appeared first on Times Tabloid .
Bitcoin and other cryptocurrencies have experienced a notable decline following President Donald Trump's announcement of new tariffs on foreign imports. The tariffs include a 25% levy on all foreign automobiles, with specific rates of 34% on Chinese imports, 46% on Vietnamese goods, and 20% on products from the European Union. The price of Bitcoin fell over 6% from $88,500, reflecting a broader downturn in risk assets. This move has contributed to increased volatility in the crypto market, as investors react to the implications of the tariffs on international trade and economic stability. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Macro investor and fund manager Dan Tapiero is leaning bullish on Bitcoin ( BTC ) over the next couple of months. In an interview on the Talking Tokens Podcast, Tapiero says Bitcoin could go up by around 112% from the current level during the current cycle. “We’ll head up to, I think $180,000, which is three times the previous peak… …in 2017 the peak was $21,000. We then went three times that $60,000 in 2021. And now I think we go three times… …I think we should within the next year or so. What is it, March now? Yeah, within the next year or so.” Over a longer period, the macro investor and fund manager says that Bitcoin could hit a seven-figure price. “I think we can get to $1 million on Bitcoin in 10 years. And I think it will stop there for a while. $1 million, 10 years… so that’s $20 trillion of value [total market cap].” On the Bitcoin’s key psychological price of around $100,000, Tapiero says, “I think a $100,000 is a number where people who have been long for a long time, from a $1, a $100, from a $1,000… where they in their mind just said, ‘if it ever gets to $100,000 I’m going to sell some. And I’m not going to necessarily sell all.’ But you can imagine if you’d owned this at $200, $500 and if you bought it in 2019 at $5,000, $6,000, $7,000 even if you bought it at $10,000, you’re like, ‘You know what, if it goes up 10 times, I’m going to buy that house, you know, that I’ve wanted to buy.’ So there’s a natural, I think, selling ceiling that will take time to digest. Now, for how long? Weeks, months, I don’t know.” Bitcoin is trading at $84,907 at time of writing. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post $180,000 Bitcoin Incoming Within the Next Year, Predicts Investor Dan Tapiero – Here’s His Forecast appeared first on The Daily Hodl .