#BTC will rock soon Bitcoin Price Breakout Confirmed — Eyes on Next Key Level
Bitcoin price is rising again above the $95,000 zone. BTC is gaining pace and might aim for a move above the $97,500 resistance zone.
Bitcoin remained supported above the $94,500 zone. The price is trading above $95,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $96,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $97,500 zone.
#BTC Bitcoin price is consolidating gains above the $94,000 zone. BTC is again rising and might aim for a move above the $95,500 resistance zone.
1.Bitcoin remained supported above the $93,850 zone. 2.The price is trading above $94,100 and the 100 hourly Simple moving average. 3.There was a break below a connecting bullish trend line with support at $94,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). 4.The pair could start another increase if it clears the $95,500 zone.
If Bitcoin fails to rise above the $95,500 resistance zone, it could start another downside correction. Immediate support on the downside is near the $94,500 level. The first major support is near the $93,850 level.
The next support is now near the $93,500 zone. Any more losses might send the price toward the $92,500 support in the near term. The main support sits at $91,200
#BTC China plans to dump a chunk of its US Treasury holdings and for Bitcoin and gold to protect itself from rising global tensions, according to an interview given to CNBC by Jay Jacobs, head of thematics and equity ETFs at BlackRock.
The latest numbers show that China held $784.3 billion in US Treasuries by the end of February, based on the US Treasury Department’s data.
China’s gold pile was worth around $229.6 billion at the end of March, the Economic Times reported on April 21. On top of that, China is sitting on 194,000 BTC, valued at about $18 billion, according to Bitbo’s Bitcoin Treasuries.
Guy Cecala, executive chair at Inside Mortgage Finance, told CNBC that China has real power to shake the US markets. He said, “If China wanted to hit us hard, they could unload Treasuries. Is that a threat? Sure it is.” Cecala said Treasury securities are the foundation of US government financing, so any big sell-off would hit the system hard. As of April 17, the 30-year fixed mortgage rate stood at 6.83%, reported by Freddie Mac. That is already squeezing many American homeowners.
#BTC South Asia’s crypto market, including India and Sri Lanka, is “rapidly maturing” as investors are focusing on security and education even while a greater number adopts crypto, according to a report by Binance, one of the world’s largest cryptocurrency exchanges. This data clearly shows that South Asian crypto users are serious, discerning, and increasingly security-conscious. These are not just passive users; they’re tech-savvy individuals engaging with crypto exchanges multiple times a week, even daily. They’re building knowledge, not just portfolios,” said Bader Al Kalooti, MENASAT Head of Growth & Ops at Binance
#Xrp🔥🔥 According to the announcement, the new XRP contracts will offer two sizing options, 2,500 XRP and 50,000 XRP, for both institutional and retail investors. Each contract will be cash-settled and based on the CME CF XRP-Dollar Reference Rate, which captures a daily benchmark price at 4:00 p.m. London time.
The addition of XRP futures followed rising volume across CME's crypto derivatives. In Q1, the company reported a 141% year-over-year increase in daily average trading volume for crypto futures, reaching $11.3 billion in notional terms.