Bitcoin (BTC) has emerged as a relative safe haven amid the recent stock market turbulence sparked by renewed tariff tensions. President Donald Trump’s aggressive trade policy moves have sent major U.S. stock indexes into disarray, but the world’s oldest cryptocurrency has held surprisingly steady. Historically, Bitcoin has been known for its extreme price swings compared to traditional financial assets. However, the recent divergence suggests that the digital asset is behaving differently this time around. While stocks have reacted strongly to tariff uncertainty, Bitcoin appears unaffected because the cryptocurrency is largely insulated from direct economic shocks related to trade. “Bitcoin has strengthened against equity indices since the tariff announcements on April 2, a rather unusual observation given the massive risk-off that has occurred over the past six days,” said Vetle Lunde, head of research at K33. Analysts attribute this resilience to a combination of factors including moderate leverage in crypto markets and increasing regulatory support in the U.S. Unlike previous cycles, Bitcoin futures saw only modest premiums, with options markets reflecting a modest increase in downside protection demand rather than panic selling. “The most remarkable achievement of this week is that BTC did not crash harder,” Lunde added. Related News: JUST IN: White House's New Tariff Announcement Brings a Sudden Drop in Bitcoin According to Nikolay Karpenko, senior client relationship manager at crypto market maker B2C2, “Implied volatility rose as short-term repricing effects took hold, and significant shifts in risk reversals signaled increased demand for downside protection.” However, he noted that longer-term volatility patterns remained stable, suggesting that institutional investors were primarily focused on hedging tail risks rather than exiting the market. Ravi Doshi, co-head of markets at crypto brokerage FalconX, said Bitcoin’s performance has also benefited from reduced leverage heading into recent market events. “BTC has performed well relative to the stock market, in part because BTC was less leveraged heading into ‘Independence Day’ after experiencing multiple sell-offs last month,” he said. “Last week, the basis was below Fed funds.” The basis, which measures the difference between futures and spot prices, remains low at a premium of just 6.3%, while open interest is at an 11-month low, according to K33 data. The subdued basis reflects cautious positioning among institutional investors, many of whom are trading basis to take advantage of price gaps between CME-listed bitcoin futures and exchange-traded products. “Bitcoin bulls should be energized by this performance,” Matt Hougan, chief investment officer at Bitwise Asset Management Inc., said on Bloomberg TV. Hougan remains optimistic and sees Bitcoin poised to return to all-time highs once market volatility calms. *This is not investment advice. Continue Reading: Analysts Baffled by Bitcoin: “It Shows Extraordinary Resilience” – They Explained Why
The U.S. Department of Justice’s recent directive ceases criminal proceedings against crypto exchanges and mixers, sending shockwaves through the financial landscape. This policy shift is poised to impact regulatory dynamics
Solana could drop by 30% to reach its next support at $77, if SOL remains below the $114 level.
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Crypto analyst CasiTrades (@CasiTrades) published a new XRP analysis, highlighting yesterday’s intraday plunge to about $1.61 after the widely watched $1.90 level gave way. “Overnight we saw $1.90 break down, and price flushed to around $1.61,” the analyst commented via X, pointing out that this sudden drop produced “new extremes on the RSI across the market” and came within striking distance of a previously identified support zone. XRP To Hit $13 In April? Since the crash on Monday, XRP has rebounded significantly, but the analyst now views $1.90 as “major resistance at this point” and underscores that the breakdown of the 0.5 Fibonacci retracement near $1.90, while disappointing for bulls, may still be consistent with a larger corrective scenario. Related Reading: XRP Confirms Head And Shoulders Breakdown: How Low Can It Go? The chart itself reveals an ongoing corrective Wave 2, as CasiTrades maintains: “I’ve believed for a while we were in a macro Wave 2.” He emphasizes that the breach of the $1.90 support level confirms that corrective pattern “more than it invalidates anything.” Below $1.90, the next crucial pivot, according to the chart, is the “golden .618 retracement,” flagged at about $1.55. This area is part of a broader green support band that stretches from approximately $1.45 (the .65 retracement) up toward $1.55 (the .618 retracement). CasiTrades suggests that the price action arriving in this zone might well be the turning point that sets XRP on a path to higher ground. “It’s exactly what sets up the kind of Wave 3 that breaks through ATHs,” she said, while also noting, “The next wave should easily break those resistances. Be prepared for this to happen very fast.” The relative strength index on CasiTrades’ chart shows XRP reaching extreme oversold territory amid yesterday’s crash, having dropped below 20 before recovering to the low 40s. That bounce, which aligned with price returning from $1.61 toward the $1.90 region, underscores the significance of the short-term retracement. Related Reading: Crypto Pundit Reveals What Will Happen If XRP Price Does Not Break $2.3 Yet the analyst maintains that any definitive bullish confirmation now hinges on whether XRP can stabilize around $1.55 if it continues to slide. “If we do bottom near $1.55, it actually strengthens the bullish case for those big April targets—$8 to $13 still stands,” CasiTrades wrote, reiterating her belief that a successful Wave 3 extension above prior highs could generate a rapid climb into the multi-dollar range. Resistance at $1.90 remains front and center for traders in the immediate term, with CasiTrades remarking that “$1.90 – resistance test – happening now.” She believes that if price fails to hold above that threshold on any retest, XRP will likely continue its descent toward the $1.55 mark. From there, the chart suggests a potential wave reversal that, if confirmed, could deliver one of the more important breakouts of this cycle. “I still believe this could be one of the most important months XRP prints this cycle,” CasiTrades added, underscoring the high stakes surrounding the 0.618 Fib level bear $1.55 and the possibility of a new bullish impulse forming in the near future. Whether XRP can regroup and power through the $1.90 ceiling after dipping to the golden pocket remains the central question. At press time, XRP traded at $1.86. Featured image created with DALL.E, chart from TradingView.com
A widely followed crypto analyst says Bitcoin ( BTC ) may be on the verge of a massive bullish reversal after correcting into the $70,000 range. Closely followed strategist Credible Crypto tells his 466,700 followers on the social media platform X that Bitcoin may be printing a bullish triple-bottom reversal pattern on the four-hour chart. A triple-bottom pattern indicates that an asset has found a strong price floor that refuses to crack even after being tested three times. “If this triple tap actually holds, it will be the most epic/legendary bottom ever.” Source: Credible Crypto/X However, the analyst warns that if Bitcoin fails to hold $78,264 as support, the flagship crypto asset may next drop by as much as 13% from its current value. “There’s our re-test of range lows. We need to hold here or else $69,000-$74,000 officially comes into play.” Bitcoin is trading for $80,641 at time of writing, up nearly 2% on the day. Next up, the analyst says that Ethereum ( ETH ) may revisit the $1,100 level if BTC starts correcting further. “Unfortunately, most alts (including ETH) haven’t held up very well on this drop and so a further push down on BTC to our second zone [$69,000-$74,000] likely means ETH will break below the region I expected to mark our bottom (GREEN). If that happens, the only other area of interest I can see on the downside is the ORANGE zone below. Keep in mind our HTF (high timeframe) horizontal support at $1,800-ish remains valid until the close which is at the end of this month. So if we do get a break on BTC to $69,000-$74,000 and on ETH to the orange zone, I would want to see a strong buyback and push back above $1,800-$1,900 by the monthly close. I don’t think you can go wrong buying spot into the ORANGE zone for a mid/long-term hold…” Source: Credible Crypto/X Ethereum is trading for $1,568 at time of writing, down 1.3% in the last 24 hours. Lastly, the analyst says that payments token XRP may temporarily dip below $1.80 before rallying to a new all-time high of around $3.50. “Check my chart: I’m not expecting a breakdown below $1.80. I’m expecting a deviation below it, aka a false breakdown or fake out below it, before the next leg up. It would not be a sign of weakness if we visit sub $1.80 basically.” Source: Credible Crypto/X XRP is trading for $1.93 at time of writing, down 1.8% on the day. 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 Crypto Analyst Hints at ‘Most Legendary’ Bottom for Bitcoin, Updates Outlook on Ethereum and XRP appeared first on The Daily Hodl .
Get ready for a jolt of excitement in the crypto markets! After a period of relative calm, the crypto futures market is showing signs of vigorous life. Buckle up as we dive into the fascinating world of crypto futures volume and uncover the recent explosive surge across major cryptocurrencies like Bitcoin, Ethereum, XRP, and Solana. Is this a flash in the pan, or the beginning of a sustained rally? Let’s explore what’s fueling this dramatic uptick and what it could mean for you. What’s Behind the Sudden Surge in Crypto Futures Volume? According to recent data from Glassnode, a leading on-chain analytics firm, crypto futures volume has experienced a significant spike in the past week. This surge effectively reverses a month-long trend of declining activity in the futures market. The numbers are quite compelling: Bitcoin (BTC): Futures volume witnessed a massive 64% increase . Ethereum (ETH): Not far behind, Ethereum futures volume jumped by 58% . Solana (SOL): Solana also saw a substantial 58% rise in futures volume. XRP: Leading the pack, XRP futures volume exploded by an impressive 78% . This widespread increase across major cryptocurrencies suggests a renewed interest and activity in the derivatives market. But what could be the driving forces behind this resurgence in crypto futures volume ? Several factors could be at play: Market Sentiment Shift: After weeks of sideways trading and uncertainty, positive news or shifts in market sentiment can trigger increased trading activity. Perhaps positive regulatory developments, institutional interest, or broader economic indicators are contributing to renewed optimism. Price Action: Significant price movements, or even the anticipation of such movements, can drive traders to the futures market to speculate or hedge their positions. The data suggests the volume surge is likely correlated with price increases in these assets. Increased Volatility: Volatility, often perceived as risky, is also the lifeblood of traders. Higher volatility creates more opportunities for profit in futures trading, attracting both seasoned and new participants. Institutional Inflow: Institutional investors often utilize futures contracts for hedging and gaining exposure to crypto assets. An increase in institutional participation could directly translate to higher crypto futures volume . Bitcoin Futures Leading the Charge: What Does a 64% Volume Spike Mean? Bitcoin, as the flagship cryptocurrency, often sets the tone for the broader market. A 64% surge in Bitcoin futures volume is a noteworthy event. Let’s break down what this could signify: Aspect Implication of 64% Bitcoin Futures Volume Surge Increased Speculation A substantial volume increase indicates heightened speculative activity around Bitcoin’s future price. Traders are actively placing bets on Bitcoin’s price direction. Liquidity Boost Higher volume enhances market liquidity, making it easier for traders to enter and exit positions without significantly impacting prices. This is generally seen as a positive sign for market health. Price Discovery Futures markets play a crucial role in price discovery. Increased Bitcoin futures volume can contribute to a more efficient and robust price discovery mechanism for Bitcoin. Potential Price Volatility While increased liquidity is positive, a surge in futures volume can also amplify price volatility in the short term. Large positions being opened and closed can lead to rapid price swings. For Bitcoin holders and traders, this surge in bitcoin futures volume could be interpreted as a signal of renewed market interest and potential for further price movements. However, it’s crucial to remember that futures trading is inherently leveraged and carries significant risk. Ethereum and Solana Futures Catching Up: Is This a Broader Altcoin Rally? The fact that Ethereum futures and Solana futures also experienced significant volume increases (both 58%) alongside Bitcoin suggests this isn’t just a Bitcoin-centric phenomenon. This could indicate a broader resurgence of interest in altcoins and the overall crypto market. Here’s what the synchronized surge in Ethereum and Solana futures volume might tell us: Altcoin Season Potential: When Ethereum and Solana, leading altcoins, see similar futures volume spikes as Bitcoin, it can be an early indicator of a potential altcoin season. Traders may be diversifying their bets beyond Bitcoin and exploring opportunities in other promising cryptocurrencies. DeFi and NFT Activity: Ethereum and Solana are key ecosystems for Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs). Increased activity in these sectors can spill over into the futures market for these assets as traders seek to manage risk or speculate on ecosystem growth. Smart Contract Platform Interest: The parallel surge in ethereum futures volume and solana futures volume could reflect growing confidence in smart contract platforms and their long-term potential. Investors may be positioning themselves for future growth in these ecosystems. For those invested in Ethereum and Solana, or considering entering these markets, the increased ethereum futures volume and solana futures volume can be seen as encouraging signs of renewed market vigor and potential opportunities. XRP Futures Volume Explodes 78%: A Unique Case? The standout performer in this futures volume surge is XRP, with a whopping 78% increase in XRP futures volume . This is significantly higher than the other major cryptocurrencies and warrants a closer look. Why might XRP be experiencing such an outsized surge? Several factors specific to XRP could be contributing to this dramatic increase: Regulatory Clarity Hopes: Ongoing legal battles and regulatory uncertainties have long weighed on XRP. Positive developments or increased optimism regarding regulatory clarity could be a major catalyst for increased trading activity. Community Enthusiasm: XRP has a strong and dedicated community. Positive news or market movements can often ignite significant trading activity among XRP holders. Speculative Trading: Given XRP’s historical price volatility and the ongoing legal situation, it tends to attract speculative traders looking for high-risk, high-reward opportunities. The 78% surge in XRP futures volume might be fueled by such speculative interest. Potential for a Squeeze: In certain market conditions, a rapid increase in futures volume, particularly in a more volatile asset like XRP, can contribute to short squeezes or long squeezes, further amplifying price movements and trading activity. The extraordinary xrp futures volume increase suggests a unique dynamic at play for XRP. While the overall market surge is positive, the magnitude of XRP’s increase may be driven by factors specific to XRP itself, making it essential to approach with caution and conduct thorough research. Actionable Insights: Navigating the Surging Crypto Futures Market So, what are the actionable takeaways from this explosive surge in crypto futures volume ? Here are a few points to consider: Stay Informed: Keep a close eye on market news, on-chain analytics, and regulatory developments. Understanding the underlying factors driving volume surges is crucial for informed trading decisions. Manage Risk: Futures trading is leveraged and inherently risky. Always employ robust risk management strategies, including setting stop-loss orders and managing position sizes appropriately. Diversify Your Portfolio: Don’t put all your eggs in one basket. Diversification across different cryptocurrencies and asset classes can help mitigate risk. Do Your Own Research (DYOR): Before trading any cryptocurrency futures, conduct thorough research on the specific asset, its fundamentals, and the associated risks. Consider Long-Term Trends: While short-term volume surges can be exciting, it’s important to maintain a long-term perspective on the crypto market and your investment goals. Conclusion: A Powerful Signal for the Crypto Market? The recent explosive surge in crypto futures volume across Bitcoin, Ethereum, XRP, and Solana is undoubtedly a powerful signal. It suggests a renewed dynamism in the crypto market, potentially fueled by shifting sentiment, price action, and increased participation. While the exact drivers may vary for each cryptocurrency, the overall trend points towards a market awakening from a period of relative dormancy. Whether this surge marks the beginning of a sustained bull run or a temporary spike remains to be seen. However, it undeniably injects a dose of excitement and opportunity into the crypto space. As always, navigate with caution, stay informed, and embrace the dynamic nature of the cryptocurrency markets. To learn more about the latest crypto market trends, explore our article on key developments shaping crypto price action.
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US-China trade tensions are impacting the cryptocurrency market significantly. Analysts predict further declines in Bitcoin prices due to market signals. Continue Reading: Trade Tensions Between the US and China Shake the Crypto Market The post Trade Tensions Between the US and China Shake the Crypto Market appeared first on COINTURK NEWS .