Bitcoin (BTC)

Bitcoin is once again making headlines. The leading cryptocurrency soared to $94,311, gaining 6.63% in just 24 hours. With this rally, Bitcoin’s market capitalization hit $1.846 trillion, overtaking both Silver and Amazon to become the sixth most valuable asset globally.

📊 Bitcoin Climbs Market Ranks as Amazon, Silver Slip

According to CompaniesMarketCap, Bitcoin passed the market caps of Silver and Amazon.com Inc (NASDAQ: AMZN), which earlier stood at $1.837 trillion each.

• Amazon’s stock rose 3.5% to $173.18.
• Silver’s price dipped slightly by 0.08% to $32.88.
• Bitcoin surged, briefly edging past Alphabet Inc (NASDAQ: GOOGL) at $1.859 trillion.

This historic jump sparked celebration among crypto enthusiasts, especially on X (formerly Twitter). Many believe Bitcoin is on track to challenge Apple, which currently holds the #2 spot with a $3 trillion market cap.

“Well that was fast. Bitcoin took out Amazon today… the #2 asset is incoming this year. Watch!” one user posted.

🔮 Is Bitcoin Headed Toward $110,000?

This latest surge appears to confirm predictions by Arthur Hayes, who believes Bitcoin could hit $110,000. Current market momentum and investor confidence suggest this target may not be far off.

📈 Digital Assets on the Rise

While Silver slips in rankings, digital assets like Bitcoin are becoming more accepted as inflation hedges and long-term investments.

Even Amazon, a tech juggernaut, now trails behind BTC—despite recording gains. The shift highlights how investors are increasingly favoring crypto over traditional assets.

Backing this trend, institutional investors are diving deeper into crypto. For example, Bitcoin Treasury Company Strategy just added 6,556 BTC, valued at $555.8 million, to its reserves—reinforcing Bitcoin’s place in corporate portfolios.

🧠 Final Thoughts: Bitcoin’s New Identity as Digital Gold

Bitcoin is evolving. Once viewed as a speculative asset, it’s now considered by many as “digital gold.” Its growing value and acceptance position it as a legitimate competitor to traditional giants.

With its market cap surging and support from institutional investors growing, Bitcoin’s rise to the top five global assets might only be a matter of time.

Welcome to your US Morning Crypto News Briefing—the quick-hit update on the biggest moves in crypto before markets fully wake up.

As Wall Street faces deepening losses, Bitcoin’s price outlook is grabbing headlines. With macro turmoil intensifying and Trump reigniting tensions with the Federal Reserve, BTC is edging closer to $90,000—a bullish signal for crypto investors.

📰 Traditional Markets Dip as Crypto Climbs

On Monday, major U.S. indexes slid:

• Dow Jones: -971.82 points (-2.48%)
• Nasdaq: -2.55%
• S&P 500: -2.36%

Big tech stocks weren’t spared. Tesla dropped 5.8%, Nvidia lost 4%, while Meta and Amazon slid around 3%. Meanwhile, the US Dollar Index (DXY) hit a 3-year low, compounding fears of broader economic fragility.

Only 6 times since the 1970s have the $DXY and $SPX fallen together: 70s stagflation, Gulf War, Greenspan hikes, dot-com crash, 9/11.

Avg drop: DXY -9%, SPX -15%.
YTD: DXY -9%, SPX -13%.

Buyback window opens Friday for US corporates 👀 pic.twitter.com/kbawIYJiTr

— matthew sigel, recovering CFA (@matthew_sigel) April 22, 2025

🇺🇸 Trump Targets the Fed… Again

The political spotlight returned to Federal Reserve Chair Jerome Powell, as former President Donald Trump escalated attacks. On Truth Social, Trump wrote:

“Powell’s termination cannot come fast enough!”

This post follows earlier hints about removing Powell—comments reportedly now under review by Trump’s economic advisors.

The tension arises from contrasting views: Trump wants immediate interest rate cuts, while Powell remains cautious. This power struggle has shaken investor confidence, leading to a sharp selloff in traditional markets.

💹 Bitcoin Defies the Trend

Amid the selloff, Bitcoin is moving in the opposite direction. It’s now approaching the $89,000 mark, just shy of the $90,000 target highlighted earlier this week.

Analyst Ben Werkman noted:

The $DXY has broken down to March 2022 levels. Bitcoin is back on the move. pic.twitter.com/mgNBl3ig93

— Ben Werkman (@BenWerkman) April 21, 2025

This pattern supports a well-observed trend—Bitcoin often rises when the DXY falls, making it a potential hedge during financial instability.

🔚 Final Thoughts: Bitcoin Eyes $90K

As Bitcoin flirts with new highs, the broader market struggles to find stability. Political tensions, a weakening dollar, and nervous investors have created the perfect environment for Bitcoin’s price outlook to turn bullish.

Whether this surge continues will depend on macro developments—but for now, crypto is shining while stocks stumble.

The Bitcoin price is holding steady above $84,000, defying pressure from a fresh lawsuit targeting Coinbase. As of April 20, BTC has closed eight straight sessions above $83,000, signaling strength even as U.S. regulators ramp up scrutiny.

⚖️ Oregon Lawsuit Targets Coinbase—but BTC Stays Strong

Oregon’s Attorney General, Dan Rayfield, filed a lawsuit against Coinbase, accusing the exchange of promoting unregistered crypto assets to local investors. The state claims this exposed consumers to pump-and-dump risks and fraud.

Rayfield stated:

“After building trust with Oregon consumers, Coinbase sold high-risk investments without proper vetting.”

Coinbase’s Chief Legal Officer, Paul Grewal, dismissed the action as a “desperate scheme,” calling it a setback for crypto policy.

Yet, Bitcoin hasn’t flinched. After briefly dropping to $74,300 on April 9 amid China-U.S. tensions, BTC rebounded fast following better-than-expected U.S. inflation data. It’s now back above $84,500.

💪 Bitcoin Outperforms Big Tech as Risk Appetite Returns

While U.S. tech stocks like NVIDIA and Microsoft stumble, Bitcoin is up nearly 12% since April 12. NVIDIA alone shed over 7% this week due to a massive $5.5 billion China-related charge.

Meanwhile, investors are turning to BTC as a hedge against market volatility. Even as the Federal Reserve signals a hawkish stance, Bitcoin continues rising—decoupling from risk-off trends in traditional markets.

This performance reinforces Bitcoin’s growing appeal as a macro asset, not just a tech speculation play.

📉 BTC Exchange Balances Drop—Bullish Signal?

One of the most promising signs for Bitcoin bulls is the massive outflow from exchanges. Since April 12, over 14,000 BTC have been withdrawn from centralized platforms.

Data from CryptoQuant shows this shift aligns perfectly with Bitcoin’s return above $80,000. When traders pull coins off exchanges, it often signals stronger long-term conviction—and lower available supply.

Historically, these moves mark local bottoms and set the stage for new rallies.

📈 Bitcoin Technical Analysis: Breakout or Breakdown?

Bitcoin is now consolidating just under descending trendline resistance at $85,489. A tight coil is forming between higher lows and slightly lower highs—a classic breakout setup.

Key indicators include:

• Support at $84,632 from the 4-day SMA
• Resistance near $85,500
• Buy Balance Power (BBP) at 1,553.76, showing buyers have control
• Average Daily Range at 3.06, pointing to low volatility and possible expansion

If BTC closes above $85,500, we could see a quick move toward $88,000. On the flip side, losing $84,000 support might drag the price back to $82,300.

📊 Outlook: Bitcoin Poised for Next Leg Up?

Despite legal action against Coinbase, the Bitcoin price breakout remains on track. Market sentiment is strong, technical patterns are bullish, and exchange outflows suggest long-term holders are doubling down.

With institutional interest rising and macro conditions in flux, Bitcoin could test $88K or even $90K soon. As Q2 unfolds, all eyes are on whether BTC can reclaim its all-time high—or push even higher.

Bitcoin price breakout speculation is rising as political tensions surrounding the Federal Reserve stir up market expectations

.

Former President Donald Trump has publicly criticized Fed Chair Jerome Powell and is reportedly exploring whether he can replace him. While legally he lacks the direct authority to do so, the political noise is making waves in the markets.

🔄 Market Impact: Lower Rates, Weaker Dollar, Stronger Bitcoin?

When markets start pricing in lower future interest rates, the U.S. dollar tends to weaken. This often boosts demand for alternative assets, especially Bitcoin.

As of Saturday, Bitcoin was trading at $85,232.30, hovering between support at $84,000 and resistance near $85,000. This is about a 14% increase from its monthly low.

🧠 Trump vs Powell: Why It Matters

Under U.S. law, the president can’t fire the Fed chair without cause—usually interpreted as misconduct. Still, Trump has never been shy about pushing boundaries. His recent comments reflect growing dissatisfaction with Powell’s reluctance to cut interest rates.

“If we had a Fed chairman who understood what he was doing, interest rates would be coming down,” Trump told reporters.

Kevin Hassett, the former director of the National Economic Council, confirmed that Trump is looking into legal avenues to replace Powell. Reports also suggest former Fed governor and crypto investor Kevin Warsh could be a candidate to take the reins.

📉 Central Bank Independence and Bitcoin

Analysts believe removing Powell without cause could shake investor confidence in the central bank’s independence.

A move like this could weaken the U.S. dollar—just as seen in countries like Turkey and Zimbabwe, where central banks lack autonomy. For Bitcoin bulls, this signals potential for major upside.

📊 Technical Analysis: Bullish Pattern in Play

On the 4-hour chart, Bitcoin has been trading in a narrow range. It’s currently positioned just above the 50-period moving average.

More notably, BTC has formed a bullish pennant, a classic pattern that typically precedes strong upward moves. As the price approaches the triangle’s tip, a breakout to the upside is likely.

The next resistance level to watch? $88,585—Bitcoin’s peak in April.

🔚 Final Thoughts

Whether or not Trump replaces Powell, the conversation itself is enough to influence markets. If traders start betting on future rate cuts, Bitcoin could benefit from rising interest and a declining dollar.

For now, all eyes are on the charts and the White House.

Bitcoin price is once again testing a major resistance level within a well-defined descending channel. After days of sideways movement, traders are watching closely for signs of either a breakout or another rejection.

🔍 Consolidation at Critical Resistance

BTC has spent most of the week hovering just below a key resistance zone. This area has consistently acted as a turning point during the ongoing downtrend. Price continues to move within the descending channel, bouncing between its upper and lower boundaries.

Each touch on resistance and support validates the strength of this channel. Right now, Bitcoin is pressing up against the upper band again—an area that has historically led to sell-offs.

📉 Volume Is Declining, But a Move Is Coming

A noticeable drop in trading volume is adding to the tension. Typically, declining volume signals the end of a consolidation phase. As volatility gets compressed, the odds of a sharp breakout increase.

However, the direction of that breakout remains uncertain.

• A bullish breakout, confirmed by rising volume, could mark the start of a new short-term uptrend.
• A breakout with low volume would likely fail, sending the price back down toward the channel’s lower support.

So far, no volume confirmation has been seen—making this a waiting game for now.

🧭 What Traders Should Watch Next

As the weekend approaches, sideways action may continue unless volume picks up significantly. Key scenarios to monitor:

• A volume-backed breakout above resistance
• A rejection that sends BTC back to the lower channel range

Until one of these happens, the best strategy is patience. Chasing moves without confirmation could lead to losses in a choppy market.

📌 Final Thoughts

Bitcoin is nearing a pivotal decision point. If buyers can muster enough strength to break the channel with volume support, we could see momentum shift. If not, the downtrend may resume. For now, the market remains on pause, but not for long.

Bitcoin (BTC) is currently trading sideways, showing little momentum in either direction. One key indicator of this uncertainty is the inactivity of large Bitcoin holders. Since March 24, the number of whale wallets holding 1,000 to 10,000 BTC has held steady at 1,991.

This pause in whale activity hints at a broader sentiment of hesitation. Large investors are neither buying the dip nor taking profits. Their stillness suggests that the market could be entering a consolidation phase, waiting for clearer signals before making the next big move.

Whales often set the tone for market direction. Accumulation usually signals optimism, while selling can trigger panic. Right now, the stability in whale wallets shows caution and a possible belief that BTC’s current price reflects fair value.

Ichimoku Cloud Reflects Bitcoin’s Market Uncertainty

The Ichimoku Cloud, a popular technical indicator, is also showing mixed signals. Recently, Bitcoin’s price dropped below the Kijun-sen (red baseline) and failed to sustain a move back into the cloud.

The Tenkan-sen (blue line) has crossed below the Kijun-sen, signaling short-term bearish momentum. Both leading spans of the cloud are flat and thin, pointing to a market lacking conviction.

For now, Bitcoin is hovering just below the cloud, indicating continued indecision. A break above the cloud could mark a return of bullish momentum. But continued rejection may keep Bitcoin trading sideways or even heading lower in the short term.

Can Bitcoin Reach $88,000 This April?

On the Exponential Moving Average (EMA) front, short-term lines are showing signs of recovery. However, longer-term EMAs remain above them, meaning the broader trend is still bearish.

If bullish momentum builds, Bitcoin could test $85,103, with the next resistance levels at $87,489 and $88,855. Standard Chartered even forecasted a move past $88,500 by the weekend.

Supporting this outlook, Bitcoin ETF flows remain strong, with $220 million in inflows on April 2—a positive sign despite market volatility. According to Nic Puckrin, founder of The Coin Bureau, Bitcoin’s recovery above $79,000 with growing volume suggests the bulls aren’t out of the game yet.

Key Levels to Watch if BTC Fails to Rally

However, risks remain. A failure to break resistance could bring BTC back to test support at $81,169. If that level breaks, it could slide below the psychological barrier at $80,000, targeting $79,069 next.

Should selling pressure continue, the final support zone sits around $76,643, where further declines may accelerate.