Bitcoin risks extended retreat as April rally was futures-driven: CryptoQuant
Futures drove up Bitcoin’s price in April while spot demand declined, which CryptoQuant warned has historically preceded extended price declines.
Futures drove up Bitcoin’s price in April while spot demand declined, which CryptoQuant warned has historically preceded extended price declines.
Bakkt announced the deal in January, which was originally for 9.3 million shares, along with a corporate name change to Bakkt Inc.
Bitcoin finished April above $76,000 to preserve most of its monthly gains, but the S&P 500 stole the limelight with a trip back to record highs.
SBI Holdings is in discussions to make Bitbank a subsidiary, adding to its push to acquire crypto exchanges amid improving regulatory clarity in Japan.
Brazil’s central bank barred virtual assets from settlement inside regulated eFX payment rails as it tightens oversight of crypto-linked flows.
US spot Bitcoin ETFs posted strong April inflows as Bitcoin rallied, with IBIT leading gains despite late-month outflows across funds.
Dogecoin whale wallets hit record DOGE holdings as the price rallies 23.5%, strengthening the memecoin’s rally chances in May.
Crypto VC funding fell to $659 million in April, its lowest monthly total since July 2024, as dealmaking slowed across the sector.
Crypto faces backlash for freezing stolen funds and for doing nothing, with expectations pulling in opposite directions.