Could ADA be primed for its next explosive leg—perhaps even eyeing $1.20?
A growing number of investors in the United States are turning to cryptocurrency-based financial products to navigate heightened market uncertainty brought on by shifting trade policies. Recent data shows a surge in demand for both leveraged exchange-traded funds (ETFs) and crypto derivatives, as US President Donald Trump's tariff plans inject new volatility into global markets. While some traders are seeking amplified exposure to risk assets like Bitcoin, others are hedging defensively with gold and cash. Traders Bet Both Ways as Volatility Reigns: Record Flows to Leveraged Long and Safe-Haven ETFs in 2025 Traders are simultaneously chasing high-risk rewards and sheltering in low-risk sanctuaries—often within the same trading day. According to newly released data from Bloomberg Intelligence, exchange-traded funds (ETFs) at both extremes of the risk spectrum are seeing record-breaking inflows, suggesting a bifurcated strategy among investors navigating what may be one of the most unpredictable markets in modern history. So far this year, ETFs that offer leveraged long exposure—typically amplifying the daily returns of volatile assets like tech stocks and cryptocurrencies—have attracted around $6 billion in net inflows. At the same time, cash and gold ETFs have collectively drawn approximately $4 billion, signaling a defensive posture among a significant segment of the investor base. “There’s basically record flows going into leveraged long ETFs but also cash and gold ETFs as people buy the dip and hedge the dip at the same time,” noted Bloomberg Intelligence senior ETF analyst Eric Balchunas in an April 23 post on X. “May the best degen win!” This strange duality reflects a market deeply divided—where some investors are betting on sharp rebounds while others brace for further corrections. Leveraged ETFs, often branded with 2x or 3x multipliers, are inherently speculative and popular among day traders and hedge funds. On the opposite end, gold and cash funds are traditionally seen as safe havens during periods of market stress. Tariff Shockwaves and the Resilience of Bitcoin The market's fragility was starkly exposed earlier this month when President Donald Trump shocked global trade partners by announcing sweeping tariffs on US imports on April 2. The S&P 500, which had shown signs of stabilization earlier in the year, swiftly dropped nearly 5% in the wake of the announcement, according to Google Finance. But while equities stumbled, Bitcoin demonstrated an uncharacteristic calm. As of April 23, Bitcoin was trading above $93,000, recovering the psychological $90,000 threshold for the first time in six weeks. April 22 alone saw nearly $1 billion in net inflows into US-listed spot Bitcoin ETFs, highlighting strong institutional interest even amid macroeconomic jitters. ”Even in the wake of recent tariff announcements, BTC has shown some signs of resilience, holding steady or rebounding on days when traditional risk assets faltered,” noted a Binance research report published this week. The report also addressed the long-standing debate over whether Bitcoin can fulfill its moniker as ”digital gold.” Despite the narrative, Bitcoin's correlation with gold remains weak, averaging just 0.12 over the past 90 days, compared to 0.32 with equities, suggesting that the asset behaves more like a tech stock than a safe-haven commodity. The Big Picture: Hedging Uncertainty with Extremes The growing divergence in ETF flows suggests more than just indecision—it reflects a market environment where investors no longer feel comfortable picking a single direction. Instead, they’re building portfolios for all possible outcomes: a tech-fueled bull run, a prolonged economic slowdown, or both. This hedging-on-steroids approach may be the only rational response in a world where central banks, geopolitics, and meme-driven momentum each hold sway over asset prices. Whether Bitcoin becomes the new gold or remains an ultra-volatile tech proxy, and whether tariffs crush growth or spark inflationary rallies, traders appear intent on capturing whichever scenario plays out first. US Crypto Exchanges Race for Derivatives Dominance as Trump’s Tariffs Spark Trading Surge In other news, United States-based cryptocurrency exchanges are doubling down on crypto derivatives. Exchanges like Coinbase, Robinhood, Kraken, and the Chicago Mercantile Exchange (CME) Group are aggressively expanding their derivatives offerings and exploring strategic acquisitions to seize control of what is rapidly becoming one of the most lucrative corners of the digital asset market. The push comes as investors seek tools to hedge against escalating macroeconomic uncertainty, fueled by Trump’s aggressive protectionist policies and a looming global trade war. The result has been a surge in demand for crypto futures and other derivatives, which are being increasingly used by both institutional investors and sophisticated retail traders. The market dynamic shifted dramatically in early April, when Trump unveiled his latest tariff plan, rattling traditional financial markets and amplifying interest in decentralized, hedge-capable assets like Bitcoin. In response, crypto derivatives platforms saw a spike in both trading volume and open interest. As of April 23, net open interest in Bitcoin futures surged approximately 30% month-to-date, hitting fresh year-to-date highs, according to data from Coinalyze. Net open interest in Bitcoin futures rose sharply in April (Source: Coinalyze ) Trump’s Election Victory Sparked the Fuse The derivatives boom can be traced back to late 2024, shortly after Trump secured his second term in office. Markets quickly began pricing in a more isolationist trade stance, and cryptocurrency exchanges saw record engagement. Coinbase reported in December that activity on its derivatives platform rose over 10,000% year-over-year. At the same time, the CME Group highlighted crypto derivatives as one of its fastest-growing product categories during its 2024 earnings call. But it was the April 2 tariff announcement that added fuel to the fire. Traders scrambled for exposure and protection, sending crypto derivatives volumes into overdrive. Futures, which are standardized contracts to buy or sell assets at a future date—often using leverage—became the go-to financial tool for navigating this new economic terrain. The intense demand has set off a race among US exchanges to outdo one another, with product innovation and acquisitions forming the key strategies. In February, Robinhood listed Bitcoin futures—its first foray into crypto derivatives. The following month, Coinbase launched several new contracts, including futures for Solana (SOL) and XRP, responding to rising interest in altcoin-based derivatives. Not to be outdone, CME Group also jumped into the altcoin game with its own Solana futures, which recorded $12 billion in volume on their first trading day, according to the exchange. Beyond product rollouts, consolidation is becoming a dominant theme. In March, Kraken acquired NinjaTrader, a legacy futures exchange, for $1.5 billion, significantly expanding its reach in derivatives. Meanwhile, Coinbase is reportedly in advanced talks to acquire Deribit, a top global crypto derivatives exchange, in a multibillion-dollar deal aimed at solidifying its foothold in the space. Strategic Importance in a Fragmenting Global Market “The recent wave of tariffs has transformed crypto derivatives exchanges into critical market infrastructure,” said Nic Roberts-Huntley, CEO of Web3 development firm Blueprint Finance. “While traditional markets faltered under tariff pressures, derivatives platforms have inversely flourished, serving both as speculative venues and protective hedging mechanisms in a fragmenting global trade landscape.” This shift marks a significant evolution in the role of crypto markets. Once considered the wild west of finance, derivatives exchanges are now being seen as key financial institutions—essential for managing risk in a macro environment increasingly defined by geopolitical friction and inflationary threats. The current moment also reflects a rare alignment of factors that favor crypto's ascent: regulatory tailwinds, institutional interest, macro-driven demand, and the increasing sophistication of exchange infrastructure. As the US barrels further into an era of economic nationalism, crypto derivatives are emerging as one of the most effective tools for navigating policy shocks. US exchanges are racing not only to meet the moment but to shape it—by positioning themselves as indispensable to a global financial system in transition. Whether through organic growth, strategic acquisitions, or product expansion, platforms like Coinbase, Kraken, and CME are setting the tone for what could be a multi-trillion-dollar derivatives market.
The post Top 5 Altcoins to Buy Now Before the Crypto Bull Run Hits Its Peak appeared first on Coinpedia Fintech News As the crypto market shows clear signs of recovery , optimism is returning to the scene. Bitcoin has surged past $93,000, and major altcoins are posting gains of over 15% in just a few days. The broader rally comes as multiple macro and regulatory factors tilt in crypto’s favor—Trump has paused the rollout of new China tariffs, Paul Atkins has officially taken the reins as the new SEC Chair , and hopes of interest rate cuts are gaining momentum. With fear cooling off and confidence building, market watchers are turning bullish again. Popular analyst Crypto Christopher believes this is just the beginning of a much bigger rally. He’s spotlighting five top altcoins that he says are ready to explode before the bull run peaks. 1. Ethereum (ETH): Christopher remains ultra-bullish on Ethereum, calling it “massively undervalued” around the $1,600 mark. Unlike Bitcoin, ETH hasn’t set a new all-time high this cycle—yet. With Ethereum continuing to dominate DeFi, Web3, and Layer-2 infrastructure, he sees a conservative 3x to 4x upside, and even hints at a potential $10,000 price target in a bullish scenario. “This is a generational buying opportunity,” he states. 2. XRP: Despite regulatory turbulence in recent years, XRP is back on the radar . Christopher sees massive upside potential driven by the coin’s global utility and ambitions for government adoption. XRP has a history of explosive price surges, and with a favorable macro backdrop and increasing utility, the analyst believes it could one day rival Ethereum in market cap. 3. Binance Coin (BNB): BNB is staging a comeback. With rising trading volume, regular token burns, and cheaper transactions compared to Ethereum, Binance Smart Chain is regaining its developer base. Christopher expects BNB to smash through previous highs, potentially hitting $1,000 or more as new DeFi projects and liquidity return to the ecosystem. 4. Cardano (ADA): Often labeled a slow mover, Cardano hasn’t seen the breakout action other Layer 1s have. But Christopher argues that ADA’s current range-bound price is a blessing in disguise. With ADA still well below its $3 ATH, he projects a 5x return is possible . “For conservative investors using low leverage, ADA is one of the safest bets right now,” he adds. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto Price Today: Dogecoin Dips While Bitcoin Price Steadies Amid Tariff News , 5. Solana (SOL): Closing the list of top altcoins is Solana, which Christopher dubs one of the strongest Layer 1 ecosystems today. Despite past concerns over network outages, meme coin mania and skyrocketing user volume are fueling momentum. From its current price around $140, Christopher sees 2x to 3x gains ahead , with up to 10x potential on leveraged positions if network growth holds. As market sentiment flips bullish and institutional inflows return, these top altcoins are well-positioned for the next leg of the bull run. 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Shaquille O’Neal has officially settled his legal troubles related to the FTX collapse, signaling significant implications for celebrity endorsements in the crypto space. The investor-driven lawsuits against FTX promoters highlight
In a significant development for the cryptocurrency market, CoinShares Research Director James Butterfill reported that global digital asset ETFs experienced inflows of $1 billion on April 24th, marking a total
Revolut has reported a record-breaking financial year, surpassing $1 billion in annual profit for the first time as the fintech giant prepares to launch its full banking operations in the U.K. later this year. The London-based firm announced on Thursday that its net profit for 2024 reached £1.1 billion ($1.5 billion), marking a 149% increase compared to the previous year. Total revenue also soared by 72%, climbing to £3.1 billion, driven by robust growth across multiple business segments. Revolut’s Wealth Division Soars 298% on Crypto Trading Resurgence A standout performer was Revolut’s wealth division, which includes stock and crypto trading services. The unit saw a 298% surge in revenue, generating £506 million amid a resurgence in cryptocurrency activity. Subscription services also contributed significantly, with turnover rising 74% to £423 million. Additionally, Revolut’s loan book expanded by 86% to £979 million, while a sharp rise in customer deposits fueled a 58% increase in interest income, totaling £790 million. This financial momentum comes at a pivotal time as Revolut transitions into a fully licensed bank in its home market. After a three-year application process, the company secured a restricted banking license from the U.K.’s Prudential Regulation Authority (PRA) in July 2024. Revolut awaits final regulatory approval to migrate its 11 million U.K. customers to its new banking entity. Revolut is the #1 finance app in Europe — once again (a thread ) Thanks to your trust, we set a new benchmark in 2024. pic.twitter.com/lf7fAMMoel — Revolut (@RevolutApp) April 24, 2025 Once operational, the firm will offer traditional banking products such as loans, overdrafts, and mortgages, unlocking new revenue streams. However, Revolut faces stiff competition from established digital banks like Monzo and Starling, both of which secured full licenses years earlier. “We improved our economics and accelerated product adoption, resulting in our 4th consecutive year of profitability, and earning us the status of most valuable private technology company in Europe,” Founder and CEO Nik Storonsky said. “We welcomed new investors through a secondary share sale at an implied $45 billion valuation.” Revolut Launches Crypto Trading Platform Revolut X In May last year, Revolut introduced its standalone crypto trading platform called Revolut X , catering to UK retail customers. At the time, the company said it designed the new platform to compete with leading crypto exchanges by providing easy on/off-ramping and low fees. Although initially targeted at professional traders, Revolut X is accessible on desktop for all UK users with a Revolut retail account. Traders on Revolut X can engage in more than 100 token trades with fixed fees of 0% for makers and 0.09% for takers, irrespective of trading volume. Revolut’s introduction of Revolut X came after the launch of Revolut Ramp in March , which enables users to purchase crypto directly in their Web3 wallets through a partnership with MetaMask developer Consensys. In November, the firm expanded its crypto exchange Revolut X to serve customers in 30 additional European countries. The post Revolut Profits Spike More Than Double in 2024 to £1.3B Thanks to Crypto Trading Boom appeared first on Cryptonews .
MicroStretegy, one of the largest institutional Bitcoin (BTC) bulls, continues its BTC sell-off strategy. At this point, the company that issued bonds to buy more Bitcoin continues to make regular BTC purchases. While MicroStrategy attracts attention with its Bitcoin strategy, Canadian investment company SOL Strategies attracts attention with its Solana strategy. SOL Strategies, which has made a name for itself with its Solana acquisitions, said it has secured $500 million in convertible notes to buy more SOL. At this point, SOL Strategies announced that it signed a $500 million deal with New York-based investment firm ATW Partners. Sol Strategies said the deal with ATW Partners is the first of its kind and the largest in the Solana ecosystem. Leah Wald, CEO of SOL Strategies, said: “We are doubling down on our belief in Solana and our commitment to being the leading institutional staking platform. “Additionally, this agreement is the largest financing facility of its kind in the Solana ecosystem and the first directly tied to staking yield.” Wald also said that acquiring Solana would help the company become the leading institutional staking platform. Under the deal, the company will issue $20 million in bonds as the first tranche, with an additional $480 million in bonds expected to be issued later, subject to certain conditions. “Under this new structure, interest on the Notes will be paid on SOL, calculated at up to 85% of the staking yield generated by the SOL acquired through the facility and staked by SOL Strategies,” the company explained. *This is not investment advice. Continue Reading: MicroStrategy Tactic from the Giant Company: They Are Constantly Buying This Altcoin! Finally, a Giant Move of $500 Million Has Come!
Shaquille O’Neal has settled with investors who claim losses from the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida. The settlement amount remains confidential, with terms expected to be disclosed once investors formally request preliminary court approval, according to court documents. O’Neal and other celebrities and athletes were accused of promoting FTX and allegedly contributing to investor losses by endorsing the now-bankrupt exchange. Source: Court Listener The case is part of a broader multidistrict litigation effort, where investors are seeking up to $21 billion in damages from FTX insiders, advisers and promoters — far exceeding the $9.2 billion available through bankruptcy proceedings. Other celebrities embroiled in similar legal troubles for their role in FTX include NFL quarterback Tom Brady, supermodel Gisele Bündchen, billionaire investor Kevin O’Leary, Golden State Warriors, Udonis Haslem, David Ortiz, Naomi Osaka and others. Notably, FTX investors faced challenges in serving O’Neal with legal papers during the early stages of the lawsuit over his promotion of the collapsed exchange. Related: FTX former execs and promoters to settle class-action lawsuit for $1.3M O’Neal finalizes $11 million settlement over Astrals NFT project The settlement with FTX investors comes as O’Neal recently agreed to pay $11 million to resolve a class-action lawsuit tied to his involvement in the Solana-based Astrals NFT project . In May 2023, O’Neal was served with the Astral NFT lawsuit during an NBA game at Miami’s Kaseya Center, formerly the FTX Arena. The class-action lawsuit involved his promotion of the Astrals NFT project, alleging that the NFTs promoted by O’Neal were unregistered securities. In August 2024, a Miami federal court judge ruled that O’Neal would need to defend some of the claims brought against him in the case. Magazine: Ethereum maxis should become ‘assholes’ to win TradFi tokenization race
The post Ripple’s XRP Outpaces Bitcoin and Dogecoin to Lead India’s Crypto Market in Q1 2025 appeared first on Coinpedia Fintech News India’s crypto scene is buzzing in 2025, and one name is getting extra attention — Ripple’s XRP. While Bitcoin and Ethereum have long dominated conversations, Ripple is quietly climbing the ranks, especially when it comes to active trading. According to the latest report from CoinSwitch, one of India’s largest cryptocurrency trading platforms, XRP has become the most traded cryptocurrency in India during the first quarter of this year. This is a big moment for the digital asset, as it overtakes popular tokens like Shiba Inu and Dogecoin, which have enjoyed strong fan bases in the country. XRP now accounts for over 13% of total trades on the platform, a clear sign that Indian traders are keeping a close eye on it. Experts suggest that recent positive updates surrounding Ripple’s global operations and legal battles have likely boosted investor confidence, encouraging more people to buy and trade XRP. Interestingly, while XRP leads the trading charts, Bitcoin and Dogecoin still remain among the top assets held by Indian investors. People in India seem to trust established cryptocurrencies for long-term investments, but when it comes to fast-paced trading, XRP appears to be the go-to choice in early 2025. Apart from Ripple’s rise, new meme coins like PEPE have also started attracting attention, while older names like Loopring are slowly fading from the spotlight. This shows just how quickly trends can change in India’s crypto market, with both seasoned investors and new traders willing to explore fresh opportunities. A senior executive at CoinSwitch commented, “The first few months of 2025 have shown us how dynamic the Indian crypto market is. While some coins continue to be long-term favorites, traders are actively exploring new tokens like Ripple, driven by global events and growing awareness.”
The world of cryptocurrency is constantly buzzing, with investors and enthusiasts closely watching price movements and market signals. Recently, Bitcoin (BTC) has shown a notable degree of strength, seemingly shrugging off some of the negative pressures affecting traditional financial markets. But is this newfound BTC resilience a sign of a fundamental shift, or just a temporary pause before more volatility? This is the question posed by leading crypto exchange, Bitfinex, offering a cautious perspective on the current Bitcoin price outlook . What Does the Latest Bitfinex Analysis Tell Us? According to a recent report highlighted by Cointelegraph, the team at Bitfinex believes it’s simply too soon to declare victory and say Bitcoin has entered a sustained, structural bullish phase. While acknowledging BTC’s relative outperformance compared to stocks and other traditional assets during a period of significant macroeconomic uncertainty , they pump the brakes on overly optimistic interpretations. The core message from the Bitfinex analysis is one of caution. Past periods where Bitcoin seemed to decouple or show unusual strength against a weak macro backdrop have often been short-lived. These moments of apparent resilience didn’t necessarily translate into long-term upward trends without broader economic conditions improving or significant positive catalysts emerging within the crypto space itself. Why the Caution Amidst Apparent BTC Resilience? Bitcoin’s ability to hold its ground, or even gain, while traditional markets grapple with inflation fears, interest rate hikes, and recessionary concerns has certainly caught the eye. For many crypto proponents, this is proof of Bitcoin’s value proposition as a non-sovereign, uncorrelated asset – a potential safe haven in turbulent times. However, Bitfinex’s view suggests we need more evidence before cementing this narrative. The primary driver for their cautious stance is the lingering and significant macroeconomic uncertainty that continues to loom over global markets. Factors like persistent inflation, the aggressive monetary policy response from central banks (particularly the U.S. Federal Reserve), and the potential impact on corporate earnings and economic growth all create a challenging environment for risk assets, including cryptocurrencies. What Key Macro Factors Are Shaping the Crypto Market Trends? Bitfinex specifically pointed to several upcoming events that will serve as crucial tests for Bitcoin’s current strength. These are major data releases and statements that have historically moved both traditional and crypto markets: U.S. Inflation Data: Reports like the Consumer Price Index (CPI) are closely watched indicators of inflationary pressures. High inflation often prompts central banks to tighten monetary policy, which can negatively impact asset prices. Remarks from Federal Reserve Chair Jerome Powell: Statements and speeches from the head of the U.S. central bank provide critical insights into the Fed’s thinking on interest rates, inflation, and the economic outlook. His words can significantly influence market sentiment. Global Corporate Earnings Results: As companies report their quarterly performance, it gives a clearer picture of the health of the economy and consumer spending. Weak earnings can signal slowing growth or recession, impacting investor confidence across the board. The way Bitcoin’s BTC price reacts to these specific events will, according to Bitfinex, be a strong indicator of whether the current resilience has deeper roots or is merely a temporary fluctuation. Could This Time Be Different for Bitcoin’s Price Outlook? While Bitfinex is appropriately cautious, they also acknowledge the potential for a more fundamental shift. Their report suggests that if Bitcoin can maintain its relative strength and stability through this gauntlet of upcoming macro volatility, it could signal a more fundamental change in market dynamics. This might involve increased institutional adoption, a genuine shift in perception towards Bitcoin as a store of value, or other structural changes within the crypto market trends . However, the burden of proof is on Bitcoin. Simply outperforming for a short period during general market weakness isn’t enough to confirm a long-term structural bull market. Sustained performance through significant macro headwinds would be a much stronger signal. Actionable Insights for Navigating Macro Uncertainty Given this cautious Bitcoin price outlook from Bitfinex, what should investors consider? Stay Informed: Keep a close eye on the key macro events mentioned – inflation data, Fed commentary, and earnings reports. Understand how these factors *could* impact risk assets like Bitcoin. Evaluate Risk Tolerance: Understand that despite recent strength, the market remains sensitive to external economic factors. Assess your comfort level with potential volatility. Long-Term Perspective: For many, Bitcoin is a long-term investment. Short-term price fluctuations driven by macro events may be less concerning than the long-term adoption and development of the technology. Diversification: As always, consider diversification within your portfolio, both within crypto and across different asset classes, to manage risk. The challenge lies in distinguishing temporary market movements from lasting trends. The Bitfinex analysis serves as a valuable reminder that while recent performance is encouraging, the macro environment still holds significant sway over crypto market trends . Summary: Waiting for Confirmation on BTC Resilience In conclusion, Bitfinex’s assessment provides a grounded perspective on the current state of the crypto market. While Bitcoin has shown promising BTC resilience against traditional financial markets amidst ongoing macroeconomic uncertainty , it’s premature to definitively call this the start of a new structural bull run. The real test lies ahead, as key data releases and central bank communications could reintroduce significant volatility. The ability of the Bitcoin price outlook to weather these storms will be the true indicator of whether something more fundamental is shifting in the market dynamics or if the recent strength is merely a temporary reprieve. Investors should remain vigilant and watch how these macro factors play out in the coming weeks. To learn more about the latest crypto market trends, explore our articles on key developments shaping Bitcoin price action.