Bitcoin price started a recovery wave above the $83,500 zone. BTC is now consolidating and might struggle to settle above the $85,500 zone. Bitcoin started a decent recovery wave above the $83,500 zone. The price is trading above $83,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $84,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $83,500 zone. Bitcoin Price Starts Recovery Bitcoin price managed to stay above the $82,000 support zone . BTC formed a base and recently started a decent recovery wave above the $82,500 resistance zone. The bulls were able to push the price above the $83,500 and $84,200 resistance levels. The price even climbed above the $85,000 resistance. A high was formed at $85,487 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $81,320 swing low to the $85,487 high. Bitcoin price is now trading above $83,500 and the 100 hourly Simple moving average . There is also a connecting bullish trend line forming with support at $84,550 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $85,200 level. The first key resistance is near the $85,500 level. The next key resistance could be $85,850. A close above the $85,850 resistance might send the price further higher. In the stated case, the price could rise and test the $86,650 resistance level. Any more gains might send the price toward the $88,000 level or even $88,500. Another Decline In BTC? If Bitcoin fails to rise above the $85,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $84,500 level and the trend line. The first major support is near the $83,500 level and the 50% Fib retracement level of the upward move from the $81,320 swing low to the $85,487 high. The next support is now near the $82,850 zone. Any more losses might send the price toward the $82,000 support in the near term. The main support sits at $80,500. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $84,500, followed by $83,500. Major Resistance Levels – $85,200 and $85,500.
COINOTAG reports on April 2nd that cryptocurrency analyst @ali_charts has provided a significant chart analysis highlighting a noteworthy trend in the Ethereum market. Since February 25th, there has been a
The ongoing legal developments between the U.S. Securities and Exchange Commission (SEC) and the crypto exchange Gemini have significant implications for the future of cryptocurrency regulations. Gemini’s request for a
Fraudulent tech workers with ties to North Korea are expanding their infiltration operations to blockchain firms outside the US after increased scrutiny from authorities, with some having worked their way into UK crypto projects, Google says. Google Threat Intelligence Group (GTIG) adviser Jamie Collier said in an April 2 report that while the US is still a key target, increased awareness and right-to-work verification challenges have forced North Korean IT workers to find roles at non-US companies. “In response to heightened awareness of the threat within the United States, they’ve established a global ecosystem of fraudulent personas to enhance operational agility,” Collier said. “Coupled with the discovery of facilitators in the UK, this suggests the rapid formation of a global infrastructure and support network that empowers their continued operations,” he added. Google's Threat Intelligence Group says North Korea's tech workers expanded their reach amid a US crackdown. Source: Google The North Korea-linked workers are infiltrating projects spanning traditional web development and advanced blockchain applications, such as projects involving Solana and Anchor smart contract development , according to Collier. Another project building a blockchain job marketplace and an artificial intelligence web application leveraging blockchain technologies was also found to have North Korean workers. “These individuals pose as legitimate remote workers to infiltrate companies and generate revenue for the regime,” Collier said. “This places organizations that hire DPRK [Democratic People's Republic of Korea] IT workers at risk of espionage, data theft, and disruption.” North Korea looking to Europe for tech jobs Along with the UK, Collier says the GTIG identified a notable focus on Europe, with one worker using at least 12 personas across Europe and others using resumes listing degrees from Belgrade University in Serbia and residences in Slovakia. Separate GTIG investigations found personas seeking employment in Germany and Portugal, login credentials for user accounts of European job websites, instructions for navigating European job sites, and a broker specializing in false passports. At the same time, since late October, the North Korean workers have increased the volume of extortion attempts and gone after larger organizations, which the GTIG speculates is the workers feeling pressure to maintain revenue streams amid a crackdown in the US. “In these incidents, recently fired IT workers threatened to release their former employers’ sensitive data or to provide it to a competitor. This data included proprietary data and source code for internal projects,” Collier said. Related: North Korean crypto attacks rising in sophistication, actors — Paradigm In January, the US Justice Department indicted two North Korean nationals for their involvement in a fraudulent IT work scheme involving at least 64 US companies from April 2018 to August 2024. The US Treasury Department’s Office of Foreign Assets Control also sanctioned companies it accused of being fronts for North Korea that generated revenue via remote IT work schemes. Crypto founders have also been reporting an increase in activity from North Korean hackers, with at least three founders reporting on March 13 that they foiled attempts to steal sensitive data through fake Zoom calls. Having audio issues on your Zoom call? That's not a VC, it's North Korean hackers. Fortunately, this founder realized what was going on. The call starts with a few "VCs" on the call. They send messages in the chat saying they can't hear your audio, or suggesting there's an… pic.twitter.com/ZnW8Mtof4F — Nick Bax.eth (@bax1337) March 11, 2025 In August, blockchain investigator ZachXBT claimed to have uncovered a sophisticated network of North Korean developers earning $500,000 a month working for “established” crypto projects. Magazine: Lazarus Group’s favorite exploit revealed — Crypto hacks analysis
Metaplanet Inc. added 696 BTC in Q1 2025, using options to lower acquisition costs. The firm’s total Bitcoin holdings reached 4,046 BTC. Japan’s Metaplanet Grows Bitcoin War Chest to 4,046 BTC Japan’s publicly listed bitcoin treasury company, Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), announced on April 1 that it had increased its
COINOTAG News reports that Synthetix founder Kain has raised concerns regarding the economic pressures facing the Ethereum mainnet. According to Kain, these pressures stem from diminished Gas fees and reduced
Kentucky’s finance watchdog has dismissed its lawsuit against Coinbase over the exchange’s staking rewards program, following its peers in Vermont and South Carolina. Kentucky’s Department of Financial Institutions filed the stipulation to dismiss jointly with Coinbase on April 1, ending the state’s legal action against the exchange first filed along with 10 other state regulators in June 2023. Coinbase chief legal officer Paul Grewal posted to X on April 1, calling for Congress “to end this litigation-driven, state-by-state approach with a federal market structure law.” Source: Paul Grewal Financial regulators from 10 states launched similar suits against Coinbase in June 2023, on the same day the Securities and Exchange Commission sued the exchange — a lawsuit the SEC dropped last month. Seven suits against Coinbase still active Alabama, California, Illinois, Maryland, New Jersey, Washington and Wisconsin are the seven states that are still continuing with their lawsuits, which all allege Coinbase breached securities laws with its staking rewards program. Vermont was the first state to end its suit against Coinbase, with its Department of Financial Regulation filing an order to rescind the action on March 13, noting the SEC’s Feb. 27 decision to drop its action against the exchange and the likelihood of changes in the federal regulator’s guidance. The South Carolina Attorney General’s securities division followed Vermont days later, dismissing its lawsuit in a joint stipulation with Coinbase on March 27. Related: South Carolina dismisses its staking lawsuit against Coinbase, joining Vermont Kentucky’s decision to drop its case against Coinbase follows just days after the state’s governor, Andy Beshear, signed a “Bitcoin Rights” bill into law on March 24 that establishes protections for crypto self-custody and exempts crypto mining from money transmitting and securities laws. The axed state-level lawsuits come amid a stark policy change at the SEC, which has dropped or delayed multiple lawsuits against crypto companies that it filed under the Biden administration. The federal securities watchdog has also created a Crypto Task Force that is engaging with the industry on how it should approach cryptocurrencies. Magazine: SEC’s U-turn on crypto leaves key questions unanswered
Once a hotbed of digital speculation, the NFT space continues to unravel as major platforms back away, including Bybit.
In a significant development within the cryptocurrency landscape, Grayscale Investments has submitted an S-3 registration form to transition its Grayscale Digital Large Cap Fund into an Exchange-Traded Fund (ETF). This
According to COINOTAG News