While investors are eagerly waiting for the downtrend in Bitcoin to end and the rise to begin, John Bollinger, the creator of Bollinger Bands, stated that there is a bottom formation in BTC. At this point, John Bollinger said that Bitcoin Bollinger bands are trying to form a double bottom formation, but this has not been confirmed yet. Following the sharp declines, John Bollinger said that Bitcoin may be forming a classic “W” bottom pattern based on the %b indicator. The %b indicator measures the closing price of an asset based on its position within the Bollinger Bands. This means that Bitcoin has formed a bottom according to the Bollinger Bands. “According to Bollinger Bands, a classic W bottom is forming in the Bitcoin/USD trading pair. However, this still needs confirmation. Because Bollinger Bands on both the weekly and daily time frames show that a trend reversal has not yet occurred.” While confirmation is still needed, it could signal a potential price recovery, according to Bollinger. “W” bottoms occur when prices make a higher low and touch the lower band. Experienced analyst Timothy Peterson also shared his expectations for Bitcoin, predicting that Bitcoin could only rise after stocks find their bottom. *This is not investment advice. Continue Reading: Has Bitcoin Finally Found a Bottom? Bollinger Bands Inventor Explained!
The US dollar index crashed to its lowest level since April 2022 as the trade war between China and the US escalated and jitters in the bond market continued. The DXY index, which tracks the greenback against a basket of developed-world currencies like the euro, sterling, and Japanese yen, dropped to $99—down 10% from its highest point this year. This crash came after China announced its retaliatory tariffs against the United States. All US goods entering the country will now face a universal 125% tariff. Beijing made this announcement after the US imposed a 145% levy on most Chinese goods. As such, the retaliation signals that the game of chicken will continue, with Trump likely to respond in kind. The ongoing crash in the US dollar index may benefit risk assets like Bitcoin ( BTC ) and altcoins. That’s because a weaker US dollar typically pushes investors toward Bitcoin, which is often viewed as a store of value due to its 21 million supply cap. You might also like: Goldman Sachs scraps recession forecast as Trump pauses tariffs Further, Bitcoin and most altcoins are primarily traded against either the US dollar or Tether ( USDT ), a stablecoin backed by the greenback. As a result, a falling dollar may make Bitcoin appear cheaper and more attractive. Bitcoin and altcoin prices may benefit if the Fed slashes rates The ongoing US dollar index crash is happening as investors remain concerned that the US may be heading towards a recession. A Polymarket poll places the odds of a recession in the US this year at 63%, while Kalshi’s odds are a bit higher at 65%. Mark Zandi, the chief economist at Moody’s, also put the odds of a recession at 60%, citing high tariffs as a major contributing factor. With US inflation falling , there is increasing speculation that the Federal Reserve may intervene by cutting rates this year. Odds of an emergency rate cut have risen to 31% on Polymarket, while traders anticipate three cuts over the course of the year. Bitcoin and altcoins tend to thrive when the Fed is cutting interest rates and when the US dollar index is declining. For instance, crypto prices surged during the pandemic, as the dollar index fell to $89.25 and the Fed implemented several rate cuts. The weakening dollar partially explains why Bitcoin and other altcoins held steady on Friday. Bitcoin was trading at $82,000, while XRP hovered at $2. You might also like: Ethereum price rally stalls as economist maintains recession odds at 60%
The return of risk-on sentiment has sparked a recovery, but many still question Ethereum as a “best crypto to buy” contender, with long-term holders offloading at a loss. As global investment markets rallied on Trump’s 90-day “tariff war” pause, the front-running altcoin saw a 24% surge during Wednesday trading to a $1695 peak. While this policy shift opened the door to fresh liquidity, sentiment quickly cooled. A likely “sell-the-news” event has since dragged Ethereum back to $1550. Now down over 60% from its post-election rally highs, ETH is seeing capitulation trades from holders looking to limit further downside. Long-Term Holders Enter Capitulation Mode Long-term Ethereum holders have now entered what’s commonly referred to as “capitulation” mode—a stage when even the most patient investors begin to fold under pressure. Ethereum long-term holder Net Unrealise Profit/Loss (NUPL). Source: Ali Martinez / X. With the multi-month free fall, many investors have already exited positions, while others remain sidelined waiting for clarity. Still, some see opportunity. According to popular analyst Ali Martinez, this could present a rare window for contrarian buyers. “For those watching risk-reward dynamics, this phase has historically marked prime accumulation zones,” he shared on X . ETH Price Analysis: Time to Accumulate Ethereum? The buy-the-dip opportunity may not be over for Ethereum with the loss of a critical historical support that marked every major bottom since mid-2020. ETH / USDT 1-week chart, symmetrical triangle breakdown. Source: Binance. This breakdown breaches the lower boundary of a massive symmetrical triangle pattern—a final line of defense before deeper losses set in. While much of these losses have already materialized, the next key support sits at $1,050. That marks a potential 30% slide before substantial buying pressure is likely to return. While much of the downside has already played out, the next key support lies at $1,050, leaving room for a potential 30% slide before meaningful demand returns. This scenario holds weight, with the MACD line accelerating its move away from the signal line, underscoring dominant selling pressure. While the Relative Strength Index (RSI) has hit the oversold threshold at 30—a sign of seller exhaustion—a pronounced reversal seems slim without conviction from buyers. Instead, a short-term consolidation around the immediate $1,525 support level—seems the most probable outcome without any fresh market catalysts. Keep Your Eyes on This New ICO Before the Bull Market Returns Any trader hedging their risk likely features Bitcoin (BTC) as a major part of their portfolio, especially as the altcoin market continues to fall. While Bitcoin provides stable gains, it often sacrifices upside potential—that’s where Bitcoin Bull (BTCBULL) comes in, offering a fresh way to capitalize on BTC tailwinds. True to its name, Bitcoin Bull ties its tokenomics to Bitcoin’s price growth in a deflationary model. The project burns tokens and distributes BTC airdrops whenever Bitcoin reaches key milestones—starting at $125,000 and triggering new rewards for every $25,000 climb thereafter. With some analysts forecasting BTC highs of $1 million by 2030, BTCBULL could become a Bitcoin Maxi’s best friend. With over $4.5 million raised in its initial few months, the project is already gaining strong momentum—potentially credited to its 91% APY on staking that rewards early investors. You can keep up with Bitcoin Bull on X and Telegram , or join the presale on the Bitcoin Bull website . The post Are Ethereum Whales Giving Up? Long-Term Holders Start Selling as Price Recovers appeared first on Cryptonews .
Ripple's legal battle with the SEC approaches a critical deadline on April 16, 2025. Experts predict this date will have implications for the entire cryptocurrency market. Continue Reading: Ripple Faces a Pivotal Moment as April 16, 2025 Approaches The post Ripple Faces a Pivotal Moment as April 16, 2025 Approaches appeared first on COINTURK NEWS .
The post Shiba Inu: Shibarium’s Daily Volume Crashes to Just $21K as Rivals Polygon & Base Soar! appeared first on Coinpedia Fintech News With the growing competition in the blockchain ecosystem, Shiba Inu’s Layer-2 blockchain, Shibarium, is struggling to keep up with its competitors as its daily trading volume plunges to only $21,000 , far behind rivals like Polygon and Base. This raises concerns for Shiba Inu investors as traders seem to be shifting their focus elsewhere. Could this declining interest in Shibarium put pressure on SHIB’s price? Shibarium’s Trading Volume Drops to $21K Since Shibarium’s launch on the mainnet, it has processed over 1.04 billion transactions and attracted nearly 200 million wallets. Despite such a large user base, its trading activity tells a different story. According to the data from DexScreener, Shibarium’s total daily trading volume across all decentralized exchanges (DEXs) is just $21,000. In comparison, Base recorded a massive $742 million in daily trading volume, while Polygon saw $68.8 million. Among Shibarium’s DEXs, WoofSwap leads with a daily volume of only $9,500, followed by ShibaSwap at $5,700. Other platforms, like ChewySwap and MarSwap, barely cross $2,000, while some exchanges report less than $10 in daily activity. SHIB Price Analysis Despite Shibarium’s sluggish trading volume, the Shiba Inu price is showing some strong resistance. As of now, Shib is trading at around $0.00001196, reflecting a slight rise in the past 24 hours. Some experts note that the token is forming a falling wedge pattern breakout on the 1-day chart, indicating a potential bullish move. The price is aiming to break the 100-day moving average, with RSI at 57 signaling steady upward momentum without reaching overbought conditions. Shib is currently testing a key resistance level at $0.0000122. If it breaks above this level with strong volume, the price could rise to $0.000025. On the other hand, if SHIB fails to break through, it could drop back to a support level at $0.0000165.
The recent decline of the US Dollar Index (DXY) to a three-year low has triggered a wave of optimism among cryptocurrency enthusiasts, particularly for Bitcoin. This downturn signals potential for
In a significant move highlighting the evolving landscape of cryptocurrency integration, Swedish parliamentarian Rickard Nordin has formally proposed the inclusion of Bitcoin in Sweden’s national foreign exchange reserve system. As
Ethereum’s ETH/BTC ratio has plunged 77% since December 2021, turning the once beloved altcoin into a punching bag for crypto traders. However, beneath the sliding metrics and bearish sentiment, analysts argue that developments being carried out on the network could set the stage for a long-term rebound. The ETH/BTC Bloodbath According to an April 11 report from Santiment analyst Brian Q, since its peak in late 2021, the ETH/BTC ratio has cratered by 77%, leaving long-term holders frustrated. In the last three years, anyone who bought the asset near its all-time high (ATH) of $4,800 hasn’t had a profitable exit. Furthermore, ETH has just experienced its worst Q1 in eight years, dropping 45% in the first three months of 2025. The theme has carried on into April, with the token down nearly 19% in the past fortnight. Additionally, over the last seven days, the asset severely underperformed, dropping 14.6%, while global crypto markets fell just 4.1%. The pain is palpable on social media, with Santiment quoting traders jokingly calling Ethereum “the new shitcoin,” while others pointed to smaller altcoins that have registered better returns. Critics have cited several reasons for the network’s poor performance, including competition from Layer-2 solutions like Arbitrum and Optimism, which have diverted attention and capital away from ETH, as well as slow updates, including the recently postponed Pectra upgrade. Additionally, post-Merge staking withdrawals have introduced consistent sell pressure, weighing on ETH’s price action. Comeback Starts with Tech, Not Hype However, Santiment believes that this market gloom belies the progress being made under Ethereum’s hood. The analytics firm points out that the network has quietly completed some of the most complex upgrades in blockchain history, arguably laying the foundation for its next act. Since hitting its ATH, Ethereum has completely overhauled its consensus mechanism, unlocked staked ETH withdrawals, and is now deep into scaling with EIP-4844’s proto-danksharding. Additionally, despite its price slump, Ethereum still dominates decentralized finance, boasts the majority of active developers, and seems to be the platform of choice for emerging applications such as decentralized identity and social networks. Moreover, the blockchain’s co-founder, Vitalik Buterin, is already looking forward. On April 11, the 31-year-old proposed a comprehensive roadmap to improve Ethereum’s user privacy, targeting both on-chain payments and anonymized app interactions. In Brian Q’s opinion, these milestones haven’t just reduced energy usage and gas fees; they have reset the network’s technical foundation for mainstream adoption. The post ETH/BTC Collapse Isn’t the End: Analyst Sees Silent Rebuild appeared first on CryptoPotato .
Despite a tumultuous month, Cardano (ADA) faces pivotal decisions that could redefine its market trajectory. Recent metrics indicate a struggle between HODLers’ conviction and the looming threat of capitulation as
Lomond School declares parents can pay tuition fees in Bitcoin starting from Autumn, in a landmark move that makes it the first school in the U.K to accept Bitcoin payments. According to a report on the Independent School Management site, the co-educational boarding school has become the first school in the U.K. to accept Bitcoin ( BTC ) for tuition fees. Located in the Scottish town of Helensburgh, the school provides education for students aged three until 18 years old. In order to make BTC an acceptable payment option, Lomond School has partnered with Bitcoin payment provider Musqet and the FCA -regulated virtual asset service and fiat wallet CoinCorner . Initially, the school stated that it will convert all Bitcoin payments directly into British pound sterling to mitigate any currency risks. However, it also said that it is looking to build a Bitcoin asset reserve in the near future, once crypto has gained a broader acceptance in the U.K . Lomond School principal Claire Chisholm announced the decision at the national Bitcoin conference, Cheatcode. In her speech, she explained that the school has been a trailblazer in many “firsts” as it was the first boarding school to house both boys and girls and embraced the International Baccalaureate curriculum. “For generations, this school has nurtured inquirers, thinkers, communicators, and open-minded risk-takers. It’s really no surprise then that the inventor of the television, John Logie Baird, is a former pupil,” said Chisholm. You might also like: U.K. FCA will finalize crypto industry regulations in 2026: report Price chart for Bitcoin, the latest payment option alternative for Lomond School in the U.K, April 11, 2025 | Source: crypto.news At press time, Bitcoin is currently valued at around $82,117, having gone up by 0.42% in the past 24 hours of trading. In the past week, the largest cryptocurrency by market cap has gone down by 0.7%. At the beginning of the year, BTC reached a new all-time high at $108,786. According to the report, Lomond School hopes that the new Bitcoin payment option will appeal to families, both in the local and international market. Several local families and international education agents have reportedly lobbied for Bitcoin as an alternative payment option at Lomond. For internationally-based families in particular, the ability to pay tuition fees in Bitcoin helps remove the uncertainty that comes with international exchange rates. The school hopes the new initiative will attract more forward-thinking families locally as well as those around the world. Earlier this year, India’s Birla Institute of Management Technology launched its first cryptocurrency for on-campus usage. Dubbed BIMCOIN, the token facilitates transactions between students, vendors, and administrators. It also serves as a practical tool for students to explore blockchain and digital finance utilization. Read more: India’s Birla Group-backed business school launches in-house crypto, BIMCOIN