The Paraguayan Industrial Union (UIP) stated that if demand continues to rise due to the growth of bitcoin mining activities, Paraguay’s power grid could collapse as early as 2029. The union proposed diversifying the nation’s energy sources and reducing dependence on hydroelectricity. Bitcoin Mining Demand Might Spur Energy Collapse in Paraguay by 2029 Paraguay, a
Bitcoin.com 2025-04-24 14:30
Bitcoin’s recent rally is boosted by whale accumulation and $1.8 billion in ETF inflows, signaling strong bullish momentum. Large investors show confidence with a near-perfect accumulation score, pushing Bitcoin toward
CoinOtag 2025-04-24 14:09
Cardano founder Charles Hoskinson is questioning Ethereum’s long-term future. During a Wednesday ask-me-anything (AMA) session, he said the blockchain might not survive the next 10 to 15 years despite boasting the largest total volume locked (TVL) of any network. Hoskinson’s Critique Hoskinson identified three major flaws in Ethereum’s structure: “They have the wrong accounting model, they have the wrong virtual machine, and they have the wrong consensus model.” The developer, who also co-founded Ethereum, criticized its failing economics and use of Layer 2 (L2) solutions. According to him, L2s have become “parasitic.” He claims that these networks are not solving Ethereum’s core scalability problems and are instead pulling value away from the main chain. To get back on track, the platform needs to solve the three problems. However, Hoskinson believes the process would end in a “very hostile divorce” given the blockchain’s governance and tokenomics. He likened its situation to that of former technology giants Myspace and Blackberry, which he referenced as examples of early innovators that eventually collapsed due to competition and mismanagement. “I don’t think Ethereum will survive more than 10 years to 15 years. The layer 2s will continue to suckle out all of the alpha,“ stated Hoskinson. “People will start fighting and it’ll get harder and harder for Vitalik to be able to hold it together through sheer force of will.” Further, he believes users will gradually migrate to other platforms and Ethereum will be “eclipsed,” especially by Bitcoin’s decentralized finance (DeFi) ecosystem, whose TVL Hoskinson expects will become much larger. ETH’s Struggles in 2025 ETH’s performance in 2025 has been a major topic of discussion in the crypto space. The second-largest cryptocurrency has had one of its worst starts to a year, with analysts citing several reasons for this decline. Some experts have echoed Hoskinson, saying its economic model is weakening because L2 networks like Arbitrum and Optimism are diverting value away from Ethereum itself. They have also mentioned high gas fees and regulatory uncertainty as possible causes of ETH’s poor showing. Additionally, institutional interest in the blockchain also remains lower than Bitcoin, affecting its market performance. Nonetheless, Ethereum’s Pectra and Fusaka upgrades, scheduled for later this year, are expected to deliver core improvements that could ease these challenges. The changes are expected to address the network’s long-standing congestion issues, making transactions faster and more efficient. According to Binance Research, the enhancements will boost the network’s scalability and usability, potentially making it more practical for high-volume crypto payment use cases. With ETH recently shaking off its languor to move from the $1,500 level to $1,815, analysts think it could finally break free from bearish patterns towards a new momentum. The asset has since dipped slightly to $1,743, which is still a 9.3% improvement over the last seven days, meaning ETH has just outperformed the broader crypto market, which gained 8.10% in that period. The post Charles Hoskinson Says Ethereum May Not Survive the Next Decade appeared first on CryptoPotato .
Crypto Potato 2025-04-24 13:58
On April 24, Hongya Holdings, a company listed in Hong Kong, revealed its strategic move to issue new shares valued at 13.12 million Hong Kong dollars alongside convertible bonds amounting
CoinOtag 2025-04-24 13:37
Bitcoin exchanges are witnessing unprecedented trends as users appear to embrace the market’s potential resurgence, contrasting sharply with previous bearish sentiments. Recent data indicates that exchange outflows are significantly higher
CoinOtag 2025-04-24 13:26
BlackRock's Bitcoin ETF records significant inflows, boosting market confidence. Over $2.3 billion moved into U.S. Continue Reading: Bitcoin ETFs Experience Unprecedented Capital Inflows, Igniting Market Confidence The post Bitcoin ETFs Experience Unprecedented Capital Inflows, Igniting Market Confidence appeared first on COINTURK NEWS .
CoinTurk News 2025-04-24 13:21
This week’s market recovery has seen Bitcoin (BTC) surge over 10% to retest a key barrier for the first time in weeks. Amid this performance, some analysts suggest that the flagship crypto is about to restart its bullish rally, while others consider that holding key levels will determine BTC’s next step. Related Reading: Cardano Breakout Eyes $0.80 Resistance – Is ADA Repeating Its ATH Playbook? Bitcoin Reclaims Its ‘Ultimate’ Level To Break Bitcoin has recovered from its early April sub-$80,000 correction after surging 11% in the past week. On Friday, the largest crypto by market capitalization reclaimed the $85,000 barrier, which has served as a key barrier since late March. Since Friday, BTC has climbed several key levels, breaking above the $90,000 resistance on Tuesday and holding it for the past 24 hours. Analyst Daan Crypto Trades pointed out that Bitcoin has a “solid breakout back into the previous range and above the Daily 200MA/EMA.” Notably, the cryptocurrency has been trading within a significant area over the past weeks, as it has been retesting its multi-month downtrend line and the Daily 200 Exponential Moving Average (EMA) and Moving Average (MA). After the Thursday pump that kickstarted the ongoing recovery, Bitcoin broke out of its four-month downtrend. The cryptocurrency bounced from the Daily 200EMA to shortly consolidate below the Daily 200MA before breaking above this level yesterday. This sent the cryptocurrency toward the bull’s “ultimate level to break,” the $90,000-$91,000 range. However, the analyst suggested that Bitcoin must keep holding that region to confirm the breakout isn’t “just a liquidity grab to fall back down below.” Moreover, he also stated that BTC’s daily closes should stay above these levels “ideally,” and that “some consolidation up here to regain fuel and attempt higher would be perfect” for a rally continuation. Ali Martinez also highlighted BTC’s price performance, which is trading near its yearly opening of $93,500. The analyst asserted that this level was a strong support throughout the post-election breakout but noted that it “could now flip into key resistance” if it isn’t reclaimed. Analysts Eye BTC’s Weekly Close Crypto Jelle called the $93,500 resistance the bear’s “last line of defense,” stating that once BTC recovers that level, “all bets are off.” Meanwhile, Rekt Capital noted that Bitcoin has been “rallying in an effort to resynchronize with its former ReAccumulation Range and confirm the end of its first Price Discovery Correction.” He highlighted that after yesterday’s performance, BTC is near the end of its downside deviation, affirming that the cryptocurrency needs to stabilize above the $93,500 level. To achieve this, Bitcoin needs a weekly close above this crucial level and reclaim it as a new support. He also highlighted that it is repeating its mid-2021 price performance “fantastically well.” Related Reading: Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? The analyst previously explained that in 2021, Bitcoin consolidated between the two biggest bull market Exponential Moving Averages (EMAs), the 21-week and 50-week EMAs, before breaking out from the triangular structure and resuming its rally. Now, BTC is breaking out from the range formed by the two Bull Market EMAs, which “wasn’t just anticipated back in mid-2021 as it was happening but also in this cycle as well.” Rekt Capital concluded that a Weekly Close above $87,000 “will position BTC for a confirmed breakout.” As of this writing, Bitcoin trades at $93,459, an 8.2% surge in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
NewsBTC 2025-04-24 13:00
In a significant development for the cryptocurrency market, CoinShares Research Director James Butterfill reported that global digital asset ETFs experienced inflows of $1 billion on April 24th, marking a total
CoinOtag 2025-04-24 12:55
COINOTAG News reports that on April 28, 2025, Spain’s University of Hespérides will introduce the nation’s first master’s program in Spanish, dedicated exclusively to Bitcoin. This innovative program will be
CoinOtag 2025-04-24 12:45
Bitcoin’s divergence from the US Dollar and NASDAQ signals a renewed role as a safe-haven asset amid global market shifts. Long-term holders increasing Bitcoin positions while short-term holders sell suggests
CoinOtag 2025-04-24 12:40
On April 24th, in a pivotal meeting, Samson Mow, CEO of JAN3, engaged with Japanese Senator Satoshi Hamada to emphasize Japan’s imperative to formulate a robust national Bitcoin strategy. The
CoinOtag 2025-04-24 12:16
Real Vision’s chief crypto analyst Jamie Coutts believes one catalyst could catapult Bitcoin ( BTC ) to nearly double its price in months. Coutts says the total global liquidity has reached a new all-time high level of just under $140 trillion after a decades-long period of contraction. According to Coutts, global liquidity is what has “historically fueled explosive asset price rallies.” Source: Jamie Coutts/X Real Vision’s chief crypto analyst says the total global liquidity is set to continue climbing and this could trigger an increase of around 98% in the price of Bitcoin. “With central banks clearly behind the curve, we could see global liquidity rise by approximately 10% or $13 trillion over the next 12 months. This would equate to $186,000 BTC using a blended regression model. Those who held steady and accumulated during recent market turbulence should be better for it in what comes next.” Source: Jamie Coutts/X Bitcoin is trading at $93,772 at time of writing. The crypto analyst further says that Bitcoin’s volatility levels are moving in an inversely correlated manner relative to traditional assets. “It has been patently clear to me since 2022 that while Bitcoin’s volatility is decreasing, what is more striking is that traditional assets are becoming more volatile. Volatility isn’t the enemy, by the way, provided you’re being compensated by higher returns. That is not the case for Bonds and Equities relative to Bitcoin. And this has massive implications for asset allocation and portfolio construction going forward.” According to Coutts’ chart, based on data from the last four months, Bitcoin has recorded a volatility-normalized return of -7.12 compared to the S&P 500 index’s -45.08. The volatility-normalized return is a performance metric that compares the return on investment of an asset to its volatility – the higher the figure, the better the risk-adjusted return. Source: Jamie Coutts/X Since 2022, Bitcoin has recorded a volatility-normalized return of 131.89 compared to the S&P 500 index’s -37.37. Source: Jamie Coutts/X 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 Catalyst That Historically Fuels Explosive Rallies Could Send Bitcoin Surging to $186,000, Says Jamie Coutts appeared first on The Daily Hodl .
The Daily Hodl 2025-04-24 12:15
