In a recent statement reported by Coindesk on April 26th, the Swiss National Bank (SNB) has declined to incorporate Bitcoin into its reserve holdings. This decision stems from persistent concerns
CoinOtag 2025-04-26 04:36
COINOTAG News reports that on April 26th, on-chain data analyst Yu Jin observed a significant movement in the crypto market. A notable **whale** has strategically utilized **leverage borrowing** to accumulate
CoinOtag 2025-04-26 04:13
Bitcoin has reclaimed the $90,000 mark, fueling renewed optimism across the crypto market. With sentiment shifting and bullish calls returning, many investors are once again eyeing a move toward six figures. However, not everything is as it seems beneath the surface. Despite the impressive price surge, risks remain, particularly as global tensions between the United States and China escalate. The ongoing trade war and geopolitical friction are injecting volatility into markets, creating a fragile backdrop for risk assets like Bitcoin. Related Reading: Ethereum Forms ‘A Huge Inverse Head & Shoulders’ – $20K Target In Sight? Top analyst Maartunn shared a stark view of the current state of the Bitcoin network, revealing on-chain metrics that paint a different picture. According to his analysis, the latest move higher is primarily driven by leverage and derivatives rather than strong organic demand. He noted that the Bitcoin network is, in his words, “a ghost town,” with very little new activity or visible inflows from real users. This disconnect between price and on-chain fundamentals suggests that the current rally may lack sustainability. As such, investors should approach the next phase of Bitcoin’s price action with caution, especially if macroeconomic conditions worsen or derivative positions begin to unwind. Bitcoin Faces Resistance: On-Chain Activity Lags Behind Bitcoin is now facing critical resistance as bulls attempt to reclaim the $95,000 level, a zone that could define short-term momentum. The recent breakout above the $88,600 resistance marked a key shift in market sentiment, with bulls taking control and pushing price action into a new range. However, to maintain this momentum, sustained demand will be essential. Analysts warn that a healthy retracement may occur before the next leg up, especially considering current market conditions. Volatility and uncertainty continue to dominate the landscape, with fear still lingering despite the recent rally. Much of this caution stems from ongoing global tensions and the unstable macro environment that has unfolded since US President Donald Trump’s re-election in November 2024. With tariffs rising and trade negotiations with China growing increasingly tense, investors remain hesitant to commit fully to risk assets. Top analyst Maartunn shared a sobering on-chain analysis on X, highlighting a disconnect between Bitcoin’s price action and network activity. According to his findings, the recent surge is largely driven by ETF flows and rising open interest in the derivatives market—factors that often precede a reversal rather than a sustainable rally. Maartunn describes the current state of the Bitcoin network as a “ghost-town,” noting a lack of new visible on-chain demand. This divergence between price and network fundamentals raises questions about the sustainability of the current move. For Bitcoin to push convincingly past $95K and set up a run toward $100K, stronger spot demand and an uptick in real user activity will likely be necessary. Until then, traders should remain cautious and watch key support levels closely. Related Reading: Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected Price Action Details: $95K In Sight Bitcoin is trading at $93,600 after several days of bullish price action that saw it reclaim key resistance levels. The price has now entered a consolidation phase around the $93K level, as bulls prepare for a potential breakout toward $95K. A sustained move above that mark would open the door for a push toward the highly anticipated $100K milestone, signaling renewed strength across the crypto market. However, the path forward remains uncertain. While short-term sentiment appears optimistic, Bitcoin must hold above the $90K support level to maintain bullish structure. A failure to do so could trigger a drop back toward the 200-day moving average near $88K—a level that has served as a key pivot for market structure over the past months. Related Reading: HBAR Breaks Above Massive Falling Wedge – Expert Sets $0.38 Target This zone is being closely watched by both traders and long-term holders, as a breakdown below $90K would likely undermine the current recovery momentum. As consolidation continues, the next few sessions will be critical in determining whether BTC has enough strength to break higher or if a short-term correction is in store. For now, all eyes are on $95K as the next hurdle in Bitcoin’s push to reclaim market dominance. Featured image from Dall-E, chart from TradingView
NewsBTC 2025-04-26 03:30
Former Goldman Sachs executive Raoul Pal says one Solana ( SOL ) competitor is his “favored child.” Pal tells his 1.1 million followers on the social media platform X that if he had to “have a favorite,” the layer-1 chain Sui ( SUI ) would look preferable to Solana. The Real Vision chief executive shares a chart comparing the SUI/USD price to the SOL/USD price, with SUI/USD looking like it’s on the cusp of breaking out of resistance. Source: Rekt Capital/X SUI is trading at $2.97 at time of writing. The 13th-ranked crypto asset by market cap is up more than 21% in the past day and nearly 41% in the past week. SOL is trading at $149.47 at time of writing. The sixth-ranked crypto asset by market cap is up more than 3.5% in the past 24 hours and more than 13% in the past week. Pal isn’t the only analyst bullish on the Solana rival: Last week, crypto trader Michaël van de Poppe told his 783,900 followers on the social media platform X that Sui is gaining adoption as a decentralized finance (DeFi) network, including for Bitcoin ( BTC ) staking and lending, referred to as Bitcoin DeFi (BTCfi). “Once the markets are turning back into an uptrend, the money will flow back into the ones that have shown strength. SUI is one of them. It’s a great spot to investigate SUI: BTCFi is quickly growing fast as 10% of TVL (Total Value Locked) going through SUI. DeFi on SUI is in the top six of all chains. Nearly $6 billion in trading volume on DeFi in the past month. I think it can do really well in the upcoming cycle.” 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 Ex-Goldman Sachs Executive Raoul Pal Favors One Surging Layer-1 Asset Over Solana (SOL) – Here’s Why appeared first on The Daily Hodl .
The Daily Hodl 2025-04-26 03:00
DeFi Development Corp. aims to raise $1 billion by selling securities to purchase Solana (SOL) tokens over time. The firm has already raised $42 million for SOL acquisitions and plans
CoinOtag 2025-04-26 02:20
Bitcoin rallies above $95,000 as bullish catalysts trigger heightened trading activity, sparking fresh interest among institutional investors. The resurgence in prices suggests a potential shift in marketplace dynamics, enhancing optimism
CoinOtag 2025-04-26 02:08
CEO and founder Jack Mallers revealed the numbers on Friday when he posted a copy of a private letter previously sent to the company’s investors. Strike’s Growth Exploded 600% Last Year Perhaps the reason Jack Mallers was picked to lead Twenty One Capital, the new bitcoin treasury firm backed by stablecoin giant Tether and Japanese
Bitcoin.com 2025-04-26 01:37
The burgeoning interest in alternative cryptocurrencies is exemplified by Bitwise’s recent move to file for a NEAR ETF, intended to capitalize on the expanding market for blockchain technology. Near Protocol,
CoinOtag 2025-04-26 01:10
Semler Scientific, a healthcare tech company best known for its cardiovascular diagnostic tools, has again bet big on Bitcoin (BTC). Announced earlier today, the company has spent $10 million to buy 111 more Bitcoins. This smart move is already paying off as the company has incurred a notable profit. This is because the Bitcoin market shows signs of recovery, breaking a significant resistance level. Semler Scientific Bitcoin Bet on Yields Massive Returns The company’s latest investment is already showing great results. Since the start of the year, the new Bitcoin buy has earned a 23.5% return. This means Semler has made nearly $2.35 million in profit from holding Bitcoin. This move reflects Semsler’s strong belief in Bitcoin’s potential as a store of value and a hedge against inflation. Semler’s Bitcoin stash has grown even more prominent with this new addition. Now, Semler holds 3,303 Bitcoins, showing that it is serious about increasing its digital investments. Semsler Stays Committed To Bitcoin Amidst Market Turmoil This latest Bitcoin buy-up comes after Semler Scientific reported an unrealized loss of about $41.8 million on its Bitcoin holdings for the first quarter of 2025, as revealed in a preliminary filing with the U.S. Securities and Exchange Commission (SEC). This big loss comes as the crypto market, especially Bitcoin, faces a deeper downturn, leading to a sharp decline in the asset’s value. Notably, ongoing macroeconomic uncertainty and tariff tensions play a major role in the market’s bearish trajectory, adding more pressure. Despite market setbacks, the company is still focused on Bitcoin. In a second SEC filing on the same day, Semler disclosed plans to raise up to $500 million by selling securities. The company revealed that a large part of the money will be used to buy more Bitcoin. Bitcoin Price Outlook Bitcoin, the leading crypto asset, has recently pushed above the $90,000 market level, sparking new interest in the crypto market. According to CoinMarketCap data, Bitcoin has been trading at $95,475, up 2.24% in the last 24 hours. Bitcoin’s recent rise made investors more hopeful, with confidence hitting its highest level in over two months on April 23. A popular index called Crypto Fear & Greed showed that many people were greedy and excited in the crypto market. However, by April 25, that excitement started to fade, even though Bitcoin stayed above $91,000. Some experts, like Michaël van de Poppe, think the Bitcoin price could go even higher if it stays above $90,000. Others remain cautious, pointing to weak stablecoin activity and ongoing economic uncertainty. The post Semler Scientific Buys Bitcoin Worth $10M, Yields Massive Profit appeared first on TheCoinrise.com .
The Coin Rise 2025-04-26 01:10
Semler Scientific’s recent acquisition of Bitcoin highlights the growing trend of corporate investment in cryptocurrency, showcasing a 23.5% yield for stockholders. As Bitcoin reaches new price highs, more companies are
CoinOtag 2025-04-26 00:05
Could this underdog ETF soon rival Wall Street’s biggest giants? IBIT leads $442M inflow in spot Bitcoin ETFs, signaling strong institutional interest. Bitcoin surges to $93K as ETF inflows hit
CoinOtag 2025-04-26 00:03
In a significant industry development, Twenty One Capital is making waves with its ambitious Bitcoin treasury plans, aiming to position itself as a major player. The firm is poised to
CoinOtag 2025-04-25 23:50
Bitcoin Payments Firm Strike Grew 600% in 2024
