Day: April 10, 2025

Gold Hits a New All-time High-Will Bitcoin Follow Next?

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Spot gold has recorded a new all-time high, sparking debate over whether Bitcoin could follow this historical correlation.

 

On the 10th of April, gold surged 3% to hit an all-time high, trading at $ 3,160 per ounce as the market recovered. Following Trump tariffs and market chaos, investors seem to hedge their capital against inflationary policies associated with the current global economy.

Historically, Bitcoin tends to follow suit once gold surges. With BTC facing price volatility, traders wonder whether the “digital gold” will behave similarly.

Why BTC could mirror gold’s rally

Bitcoin’s price has fluctuated significantly in the past 24 hours. Looking at its technical set-up on the weekly chart, a price correction is possible if BTC fails to hold its bullish momentum.  This could lead to a retest of its $75-71 support zone before rallying to mirror gold’s trend in the long run.

 

Source: X

 

As the crypto market attempts to recover, digital assets may face price volatility. As a result, BTC could attempt to “shake weaker hands” before assuming gold’s momentum.

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partyushgoyal

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Are Whales Accumulating Bitcoin? BTC Demand is Rising

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Large Investor Demand signals that Bitcoin is transitioning into a healthy investment and store of value, attracting more smart money.

 

A recent Bitcoin market update by Cryptoquant on X (formerly Twitter) has given valuable insights regarding Bitcoin as a strategic investment. According to the post, the demand for BTC from large investors has been on the rise despite market volatility in the past month.

Source: Coinglass

Excluding addresses by exchanges and mining firms, investors owning 1,000 -10,000 BTC have shown a steady increase.  Despite the recent market crash affecting the crypto market, the whales seem long-sighted on Bitcoin as a maturing, healthy asset in their portfolios.

What does this mean?

When large investors keep their hands strong amid market volatility, this often signals a bullish market ahead. Such Whale behaviour suggests long-term investor conviction in BTC. As the market recovers, whale accumulation could strengthen BTC’s rally in the next few weeks.

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partyushgoyal

https://scoopist.in
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XRP Reclaims $2 Resistance -Is $2.5 the next target?

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XRP has hit $2 following a 14% surge as the crypto market rebounds from the trenches.

 

Following a week of turmoil in the global economies and over $1 billion in crypto liquidations, the market could be poised for stabilization. Many altcoins are seeing a rebound from the market dip, with XRP rallying 14% in the last 24 hours. Per CoinMarketCap, XRP was trading at $1.99 at press time.

XRP could be eyeing $2.5 in the mid-term

Looking at XRP’s technical setup, the coin’s MACD is on the verge of a bullish crossover. This could be a potential confirmation signal of XRP’s uptrend rally as it secures a daily close above $2. According to CryptoAndy, on CoinMarketCap, capital inflow into the market could see XRP target $2.5 next after breaking above this level.

 

Source: CoinMarketCap

As the market recovers from the trade war, traders entering new positions could strengthen XRP’s bullish momentum. With open interest rising, one should keep an eye on the altcoin’s next moves at this level.

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partyushgoyal

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Paul Atkins Confirmed SEC Chairman amid Bullish Market Sentiment

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Investor optimism rises in the digital assets market as Pro-Crypto Paul Atkins officially becomes SEC Chairman. Ethereum surges 11% as SEC approves trading ETH Spot ETFs.

 

A crypto boom could be on the cards following recent developments at the U.S. Securities and Exchange Commission (SEC). Following a 52-44 vote outcome, the Senate has officially appointed the Wall Street consultant, Paul Atkins, to lead the SEC amid halted Trump tarrifs.

While most cryptocurrencies gained substantial bullish momentum following the decreased trade war tension, ETH could be poised for an exponential bull run in the mid-term. Per CoinMarketCap data, ETH has surged 11%, with its 24-hour trading volume rising 81%.

Source: CoinMarketCap

 

Are traders buying the dip now?

Crypto traders could be buying the recent dip as major altcoins have seen notable price surges. XRP has surged 11%, Solana  12%, BNB 5%, Cardano 11%, and LINK 15%. Meme coins such as DOGE and SHIB have recorded more than 10% gains.

The market has gained a bullish momentum following a week of extreme volatility. If the momentum holds, a bull rally could be on the start.

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partyushgoyal

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