The price of Bitcoin continued to fall, dropping below the $75,500 level. It briefly dipped below $74,000, but then buyers stepped in. The lowest price reached was $73,637, and now Bitcoin is trying to regain some ground.
Three often overlooked factors – Apple Pay, the App Store’s rules, and changing regulations – are subtly influencing the world of cryptocurrency on Apple devices.
But let’s not forget the unsung hero behind the scenes: credit analysis. Yes, even in the wild west of crypto, someone has to make sure the emperor is wearing clothes. Enter Moody’s Ratings, the financial world’s equivalent of a stern but fair headmaster.
Bitcoin (BTC) is at $76,466, up 0.99% on the 4H session, as it bumps its head against the ceiling of the ascending channel that’s been its home since February. The 4H MACD, ever the contrarian, has thrown a bearish crossover into the mix, with the MACD line at 148.89 dipping below the signal at 200.00. The histogram is at -51.11, which is basically a shrug in technical analysis terms. The SMAs are all lined up like a choir, with the SMA 20 at $75,881, SMA 50 at $74,605, SMA 100 at $72,467, and SMA 200 at $70,552. Volume is modest at 3.1K BTC, so no one’s quite sure if this is a breakout or just another Tuesday.
Coinbase is nibbling at the notion of a chat with Bybit about turning U.S. stocks on-chain and giving them a custody service that would pass muster with any respectable butler.
So, April 18th happened. Gate.io decided to throw a party and flushed $840 million in Ethereum derivatives open interest. Binance, not wanting to be left out, chipped in with a cool $205 million. By April 20th, Gate.io was still nursing its hangover at -$830 million. These are the kind of numbers that make you question if the market is just trolling us at this point. The April rally that took ETH to $2,425 was like a sugar rush – all leverage, no substance. And the unwind? Well, it was as dramatic as a reality TV breakup.
Bitcoin (BTC) briefly rose above $78,000 last Friday – a level it hadn’t reached in over two months – but has since experienced some volatile trading. By Monday, it had fallen back to just above $76,000, likely due to increased concerns about global political events.
According to sources at CNN and Axios, the proposed deal between the Trump administration and Iran centers around a simple exchange: Iran would give up its supply of highly enriched uranium – about 450 kilograms refined to 60% purity – and the U.S. would release $20 billion in Iranian funds that have been frozen. This uranium stockpile has been the biggest obstacle in all previous negotiations.
Ripple is preparing for a potential early arrival of “Quantum-Day” by developing backup plans. If this happens, they plan to implement a “hard shift” – temporarily blocking access to accounts using current security methods and allowing users to move their funds to accounts secured with quantum-resistant technology.
Oh, security agencies in India are simply in a tizzy over the sudden surge in the Islamic State Khorasan Province’s (ISKP) media antics. It seems they’ve decided that India is the new darling of their propaganda ball. How charming!