Bullish sentiment is returning to the crypto market – at least that's what a key metric related to major crypto exchange Binance indicates. The metric shows that buyers are beginning to dominate transaction volumes on the platform. We are talking about the so-called Taker Buy Sell Ratio, i.e. the ratio of buys and sells on Binance, which calculates the ratio of buyers and sellers of BTC. According to a CryptoQuant analyst under the nickname DarkFost, the indicator ”has returned to the neutral zone, which indicates a new balance in trading.” When will cryptocurrencies start to rise again? Currently, the aforementioned ratio is 1.008. When the ratio is above 1, it indicates a dominance of buyers, which in turn is usually an indicator of bullish sentiment. If the ratio is below 1, sellers dominate, which indicates a bearish sentiment. Currently, the aforementioned ratio is 1.008. When the ratio is above 1, it indicates a dominance of buyers, which in turn is usually an indicator of bullish sentiment. If the ratio is below 1, sellers dominate, which indicates a bearish sentiment. Today, Bitcoin is trading around 83.8 thousand dollars. Thus over the past 7 days, the value of the major cryptocurrency has risen by 8.5 percent, which does hint at the beginnings of positivity among investors. Here is DarkFrost's comment on the situation. Over the past few days, the ratio has been mostly positive, indicating a return of bullish sentiment in derivatives trading on Binance. According to CoinGlass, if Bitcoin passes the $85,000 mark, short positions of nearly $637 million will be at risk of liquidation. In turn, these funds will become ”fuel” for the continuation of the bullrun wave. When a short position is liquidated, it is forcibly closed by the exchange, and the trader's pledged funds are used to purchase assets, which exerts buying pressure and affects the value accordingly. According to Cointelegraph sources, the positive news so far is exclusive to Bitcoin. Still, the so-called altcoin season index from CoinMarketCap is now at 15 out of 100 points, indicating a lack of major interest in other digital assets. Meanwhile, market share for BTC capitalization has increased by nearly 10 percent since the beginning of the year. In general, the market is still in a negative mood. The Fear and Greed Index from Alternative portal analysts has dropped to a level of 29 out of 100 points, indicating ”fear” among traders. This means that Bitcoin fans are in no hurry to open new positions, as they are surely counting on further clarification of the situation with Donald Trump's tariffs and the economy. So far, experts disagree on the future direction of Bitcoin price movement. For example, Real Vision's chief crypto analyst Jamie Cootes admits the prospect of a sharp recovery of the former positions of coins. He said: The market may be underestimating how fast Bitcoin is able to grow – perhaps to new all-time highs as early as the end of the second quarter. But Rob Hamilton, head of AnchorWatch, noted on Twitter the reason for the rather low volatility of BTC at the moment. Still, the cryptocurrency has somehow been in a fairly narrow price channel for several weeks now. ”Bitcoin's price is staying put because there is an epic battle going on right now between those who sell BTC to pay taxes and those who use tax refunds to buy the cryptocurrency.” he said. The deadline for filing tax returns in the US is April 15, 2025. The market is likely to get more upside stimulus after this season is over as investors can get back to work. Why China is selling crypto Meanwhile, local authorities in China are looking for ways to dispose of previously confiscated cryptocurrencies amid a total ban on digital assets in the country. The lack of clear rules on how to handle seized crypto has led to ”uncoordinated and non-transparent approaches.” According to lawyers , this may contribute to corruption. Officials use private companies to sell seized cryptocurrencies on offshore platforms in exchange for cash to supplement government budgets. It is reported that by the end of 2023, local governments owned approximately 15,000 BTC worth $1.4 billion, and coin sales have become an important source of revenue for budgets. In total, China owns about 194 thousand BTC worth about 16 billion dollars. It is the second largest holder of BTC after the United States. Chen Shi, a professor at Zhongnan University of Economics and Law, said the government does not have a clear understanding of how to capitalize on the volume of confiscated cryptocurrencies. Selling for cash is only a ”temporary solution.” In addition, such transactions do not fully comply with China's current ban on crypto trading. Compounding the problem is the rise of cryptocurrency-related crimes in China, from online fraud to money laundering and illegal gambling. In particular, in 2024, the state filed lawsuits against more than 3,000 people involved in money laundering through cryptocurrency. According to lawyer Guo Zhihao, the central bank is better suited to manage seized digital assets and should either sell them overseas or set up a corresponding crypto reserve. Ru Haiyan, co-CEO of Hong Kong-based crypto exchange HashKey, supported the idea, adding that China should probably replicate the implementation of US President Donald's Trump idea with a national reserve. Against the backdrop of general market instability, Bitcoin is showing signs of revival: a positive shift in indicators on Binance, a rise in value and investor interest point to a possible continuation of the bullrun. If the selling pressure subsides after the tax season ends, BTC will have a real chance to enter a new round of growth. At the same time, pulling the rest of the market with it.
The cryptocurrency market faced significant losses in early 2025. Bitcoin's dominance increased, while altcoins struggled to retain value. Continue Reading: Market Forces Shake Up Cryptocurrency Landscape in Early 2025 The post Market Forces Shake Up Cryptocurrency Landscape in Early 2025 appeared first on COINTURK NEWS .
Over the past six days, Galaxy Digital has deposited a total of 62,181 Ethereum (ETH) tokens, valued at approximately $99.46 million, into cryptocurrency exchanges Binance and Coinbase. This includes a recent deposit of 12,500 ETH worth $20 million to Binance alone. Concurrently, Galaxy Digital has been withdrawing Solana (SOL) tokens from exchanges, with total withdrawals reaching $58 million since April 14 across Binance, Coinbase, and OKX. The firm has withdrawn an additional 150,221 SOL valued at nearly $20 million recently. Reports indicate that Galaxy Digital is selling over $50 million worth of ETH to acquire SOL. Additionally, Galaxy Digital has floated an inflation proposal amid these movements in their cryptocurrency holdings. 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
The post Crypto Exchange eXch Shuts Down Amid North Korea Laundering Allegations appeared first on Coinpedia Fintech News Crypto exchange eXch has announced it will shut down on May 1 after being linked to North Korea’s Lazarus Group. The group is accused of laundering around $35 million tied to the $1.4 billion Bybit hack. eXch admitted to handling a small portion of the funds from the February exploit. The closure follows rising pressure and scrutiny over its alleged involvement, marking another major development in crypto-related cybercrime investigations.
Ivan Soto-Wright urged Congress in an open letter to ensure fair competition between state and federal stablecoin issuers in upcoming legislation. The MoonPay CEO voiced support for preserving state regulatory authority over stablecoin issuers, urging Congress to adopt key amendments proposed by the Conference of State Bank Supervisors to the GENIUS and STABLE Acts. In his letter to the Senate Banking and House Financial Services Committees, Soto-Wright emphasized the need for a dual federal-state framework, cautioning that current drafts of the legislation favor federally regulated issuers and risk marginalizing state-licensed players. Stablecoin rules shouldn’t play favorites. I’ve just sent a letter to Congress backing @CSBSNews ’s push to keep state-regulated issuers in the game. The GENIUS & STABLE Acts should support fair competition, consumer protection, and innovation. My full letter:… pic.twitter.com/NxSnwj5NYt — Ivan Soto-Wright (@ivanhodl) April 18, 2025 MoonPay, which holds 46 state money transmitter licenses and serves over 30 million customers , argued that state pathways should remain viable for permitted stablecoin issuers. “Without these amendments, MoonPay fears that legislation may inadvertently result in undue burden and outsized authority by federal regulators,” Soto-Wright wrote. You might also like: WhiteBIT reveals first participants for crypto trading tournament ICTC 2025 CSBS recommendations He specifically endorsed CSBS recommendations to ensure “genuine parity” between state and federal PSIs. These include removing provisions that subject state-regulated PSIs to stricter rules in other states, eliminating redundant Treasury recertification requirements, and narrowing federal preemption powers that could let the OCC override state consumer protections. The GENIUS and STABLE Acts aim to provide a regulatory framework for stablecoins, which Soto-Wright called a tool for U.S. dollar dominance in the digital economy. He warned that unless amended, the legislation could stifle competition, reduce innovation, and undermine consumer safeguards already in place at the state level. MoonPay recently acquired Helio and Iron.xyz to expand its stablecoin infrastructure and stands ready to work with lawmakers to finalize the bills. You might also like: Singapore should treat crypto as infrastructure, not just risk: Coinbase
Following the latest market dip, crypto analysts are eyeing high-conviction entry points—and three names keep surfacing: Ethereum (ETH) , Bitcoin (BTC) , and XRP . Each has a proven track record of rebounding fast after corrections and delivering long-term value in every major cycle. BTC continues to lead institutional sentiment and macro cycles. ETH retains its hold on the smart contract ecosystem, and XRP remains poised for wider use as clarity builds around its future integrations. Together, these assets are seen as safer entries with room for substantial upside. STAGE 6 SOLD OUT — STAGE 7 LIVE NOW MAGACOINFINANCE – The Pre-Listing Play With Built-In Power Current Price: $0.0002908 Listing Target: $0.007 25x ROI Opportunity 50% Token Bonus via MAGA50X 12,500+ Holders Already Positioned While legacy names set up for modest 10x–20x upside, MAGACOINFINANCE is sitting on a confirmed setup offering 25x returns—and that’s just based on the public numbers. Currently priced at $0.0002908 , with a listing target of $0.007 , MAGACOINFINANCE offers a clean 2,308% ROI. Investors using the MAGA50X bonus unlock even more—up to 3,645% ROI , turning early entries into life-changing positions. This isn’t just a token—it’s become a focal point of early conviction plays for 2025. The presale stage is closing fast, and analysts agree: waiting until it lists may mean missing the most strategic entry entirely. ACT NOW — STAGE 6 SOLD OUT ADA, HBAR, and LINK Stay on Track While attention shifts to emerging plays, foundational projects continue building: Cardano (ADA) is expanding its smart contract features with new development tools. Hedera (HBAR) pushes forward in enterprise adoption across global industries. Chainlink (LINK) remains the most trusted source for bridging real-world data into on-chain execution. All three are advancing—but the excitement belongs to those jumping in earlier. 50% EXTRA BONUS LIVE — USE CO-DE MAGA50X BEFORE IT’S GONE ! Conclusion Ethereum , BTC , and XRP remain buy-the-dip classics for serious investors. But in a market looking for leverage, MAGACOINFINANCE stands out with its unmatched ROI window and growing community strength. The setup is there—and the window is still open. Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Ethereum, BTC, XRP Seen as Top Buy-the-Dip Plays With 20x Upside
Are recent buyers unknowingly fuelling a looming pullback?
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President Trump officially creating a Bitcoin Strategic Reserve for the United States is unquestionably a historic moment for Bitcoin.
Analysts say that an altcoin season is unlikely anytime soon, citing factors such as a lack of dovish Fed policy, macroeconomic uncertainty, and insufficient liquidity drivers. According to Matrixport analysts , Ethereum’s ( ETH ) dominance has plunged nearly 50% since the launch of the U.S. Ethereum spot ETF, which failed to reignite sustained interest in the altcoin market. As a result, all recent altcoin narratives — from meme coins to AI tokens and Layer 2 ecosystems — have mostly followed a familiar “pump and dump” pattern lately, failing to sustain upward momentum. Matrixport outlined three catalysts that are necessary to revive the altcoin market: A dovish pivot by the U.S. Federal Reserve, such as interest rate cuts; Continued growth in stablecoin issuance, which reflects improving micro-level liquidity; Macro liquidity drivers, such as increased credit or government stimulus programs. Absent these conditions, analysts at Matrixport believe altcoins are unlikely to see large-scale gains any time soon. You might also like: ‘We do not need to be in a hurry’: Powell urges patience in speech However, as things currently stand, the altcoin revival looks unlikely in the near term based on these factors. First, a dovish pivot from the Fed appears unlikely. Chair Jerome Powell has recently emphasized a wait-and-see approach , noting that the central bank can afford to hold rates steady while it evaluates the economic impact of recent policies — most notably, Trump’s tariffs. On the macro liquidity side, the escalating tariff war might lead to inflationary pressure due to rising import costs, which could delay any potential monetary easing from the Federal Reserve. However, things are looking good on the stablecoin front. According to Maxtriport’s eartlier report , the market caps of the two leading stablecoins Tether ( USDT ) and USD Coin ( USDC ) have seen substantial growth over the past eight months, suggesting that liquidity is still moving into crypto amid macroeconomic uncertainty. USDT’s market cap rose by 26%, from around $113 billion in August to over $143 billion in April, despite partial delistings on some European platforms due to non-compliance with MiCA regulations. USDC saw 93% increase, growing from just over $31 billion to roughly $60 billion in the same period. To conclude, even though stablecoins have experienced significant growth, the Fed’s cautious stance and ongoing tariff tensions make a revival of the altcoin market unlikely in the near term. Metrics back this up, as the CMC Altcoin Season Index is currently sitting at just 16, indicating that altcoins are far from entering a sustained rally. You might also like: Stablecoin inflows persist amid macro uncertainty: Matrixport