Tag: bitcoin

Binance Bitcoin Perpetual-Spot Gap is Narrowing-Bullish Signal?

1 0
Read Time:1 Minute, 1 Second

The perpetual-Spot Gap tracks the difference between Binance’s perpetual futures price and BTC spot price. When this Gap turns positive, BTC enters a bullish phase.

 

The narrowing Binance BTC perpetual-spot gap is a significant market insight worth considering to understand Bitcoin’s market signals. The perpetual futures price of BTC on the Binance exchange is trading below its spot price. This means that traders are cautious in their moves and unwilling to pay a premium.

 

The gap is narrowing. What does this mean?

A narrowing gap means the market’s bearish pressure is weakening. Historically, when perpetuals trade at a premium(positive gap), it is a bullish signal. Traders are willing to pay more to get future BTC exposure based on rising confidence.

 

Source: Cryptoquant

 

So, why does this matter?

The narrowing gap signal appeared in the late 2020-2021 bull run, and some parts of 2024. As the bearish pressure weakens, trade war calms down, and governments become pro-crypto, will the gap flip positive soon?

Heightened ETF inflows, funding rates, and macro sentiment could strengthen the signal and give insights into the strength of BTC’s growing bullish momentum.

About Post Author

partyushgoyal

https://scoopist.in
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

U.S White House to Consider Using Gold Reserves to Buy Bitcoin

0 0
Read Time:56 Second

U.S. Senate Banking Committee Member, Tim Scott, says major Bitcoin and crypto bills will be passed by August as the U.S. considers selling some of its Gold Reserves to buy Bitcoin.

 

The United States Treasury claims to hold about 261 million troy ounces of gold, equivalent to 8133.46 metric tons, in its reserves. A new report by a Senior White House official has fueled market enthusiasm regarding Bitcoin’s future. According to the report circulating online, the US is considering selling some of its gold reserves to buy Bitcoin.

 

A part of the circulating report has the following details, giving insights into what looks like a bullish signal for the market.

 

Source: X

 

Lately, Michael Saylor, Microstrategy’s Co-founder and Executive Chairman, has advised the U.S administration to sell its gold reserves and buy Bitcoin to “bankrupt” its enemies by dominating the world of reserve capital. In other cases, he calls it “buying the future”. As policies regarding digital assets become clearer, Bitcoin could see its value rise exponentially in 2025.

About Post Author

partyushgoyal

https://scoopist.in
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

Bitcoin is Recovering and Testing a Key Resistance Zone

1 0
Read Time:56 Second

Bitcoin is recovering and currently testing the $83k-84k resistance zone. With the trade war cooling, is BTC’s rally on the cards?

 

Bitcoin has surged 2.07% in the past 24 hours signalling a strengthening bullish momentum. According to CoinMarketCap data, BTC was trading at $83,810 at the time of writing.

Following a freeze on trade tarrifs by U.S President Donald Trump, the stock market has been recovering. Similarly, Bitcoin bulls are pushing upwards as BTC tests the $83k-84k key resistance zone on the 12-hour chart.

Source: X

 

Based of Technical analysis by World of Charts on X( formerly Twitter), if Bitcoin bulls break past the $84k above this key resistance zone, the King of crypto could be poised for a notable uptrend.

Bitcoin’s RSI stands at 51, a neutral zone showing more buying potential. With more than 313 million in Exchange outflow, and 88% of holders in profit, the happy “strong hands” could be accumulating more. While new traders enter new positions, a breakout could lead to the next bull rally.

About Post Author

partyushgoyal

https://scoopist.in
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

Trump Signs First-ever Crypto Bill into Law

1 0
Read Time:55 Second

Trump has signed the first-ever crypto bill into law, easing regulations and encouraging DeFi innovation.

 

A controversial IRS rule that required DeFi platforms to act like traditional brokers and report user data to the authority has been limiting innovation in the digital asset market. However, on the 10th of April, in what is deemed a “major win” for the crypto space, U.S. President Donald Trump signed a new legislation repealing this barrier into law.

 

Source:Carey.house.gov

What does this mean for Bitcoin and the Future of DeFi?

Most DeFi platforms in the U.S. have faced challenges in protecting user privacy while complying with the IRS requirements of data disclosure. DeFi platforms exist to minimize the bureaucracy associated with traditional finance infrastructure.

This includes both anonymity and transparency, depending on user requirements. As a result, the IRS rule was overwhelming for most DeFi projects, hindering their growth and user adoption. With the new Legislation, DeFi projects could be in for exponential growth, pushing demand for Bitcoin and cryptocurrencies higher.

About Post Author

partyushgoyal

https://scoopist.in
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

Are Whales Accumulating Bitcoin? BTC Demand is Rising

1 0
Read Time:49 Second

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.

About Post Author

partyushgoyal

https://scoopist.in
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

Bitcoin Miners Hit Hard by Trump Tarrifs

1 0
Read Time:1 Minute, 3 Second

Trump tariffs could raise mining costs, making mining outside the U.S the only option for mining companies.

 

China has announced an 84% tariff on US goods in a move to reciprocate a 104% tariff imposed on its goods by the U.S on 8th of April.  The country is a global factory for consumer electronics, including mining equipment supplied to mining firms worldwide.

As this trade war persists, mining companies in the United States have rushed to secure essential equipment before these tariffs become effective.

Additionally, mining companies have seen their share prices drop amid the ongoing global market crash, raising concerns about their profit margins.  According to Seth on X, miner difficulty has hit a new high, making it even more expensive to mine BTC while prices are plummeting.

 

Source: X

Why a trade war is a triple blow for the mining industry

Profit margins for the miners could be hit from three different angles if trade wars persist.  These include falling BTC prices, rising costs of mining equipment, and dropping share prices.

As a result, mining firms outside the U.S. have higher profit margins as the Trump administration imposes further tariffs on China goods.

 

 

 

About Post Author

partyushgoyal

https://scoopist.in
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

Bitcoin vs Gold,S&P500 and Nasdaq in the Past year

1 0
Read Time:58 Second

Bitcoin could be maturing as a solid digital asset, away from the wild rocket of speculative cycles. Key opinion leaders believe this is BTC behaving like a “normal” asset.

 

For the first time since post 2023 rally, Bitcoin seems to have underperformed gold, S&P 500 and Nasdaq in the past 12 months. Current trade wars fuelled by Trump tariffs have led to crash of global economies without leaving the digital assets behind. According to market analyst, Vlad Hryniv on CoinMarketCap, the following are each asset’s performance in the past year.

🔹 BTC 1Y return: 23.6%

🔹 Nasdaq: 33.5%

🔹 S&P 500: 33.9%

🔹 Gold: 69.7%

 

However, despite the recent market crash, the analyst noted that;

‘What we’re seeing isn’t just a cooldown — it might be the end of Bitcoin’s speculative cycles. Volatility is compressing, return curves flattening, and BTC is starting to act… normal?”

 

Bitcoin is acting normal

Like most traditional assets, Bitcoin could be geared up for less wild runs, noise and volatility amid mass adoption. This new era would mean less speculation and more respect for a stable digital asset with less speculation.

About Post Author

partyushgoyal

https://scoopist.in
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

Here is What You Need to Know about BTC’s New Support

2 0
Read Time:57 Second

The King of cryptocurrencies, Bitcoin, has found a strong support zone amid the current crypto market blood bath. BTC has faced significant price correction despite hitting $ 100k earlier this year. Per CoinMarketCap data, BTC was trading at $78.321k at press time.

With the global economy facing uncertainty and trade wars, traders wonder what’s next for Bitcoin as its price plunges.

The $ 74k-$70k zone is a strong support cluster

According to Glassnode data,  traders hold over 175,000 BTC in the $74k-$70k zone, with the strongest pocket (50,000 BTC) sitting at $ 74.2k. Holders have been inactive since March 10, suggesting a “wait-and-see” sentiment. The $69.9k is another lower support band of Bitcoin’s cost basis, holding 68,000 BTC.

Source: Glassnode

Is it a Cooling-off period?

The King of crypto is trading below the Short-term holder (STH) cost basis of $89k. On-chain metrics suggest a historical cooling-off zone in bull markets. Market activity has decreased, with few new buyers. Traders seem to be waiting for a shift towards bullish market sentiment.

About Post Author

partyushgoyal

https://scoopist.in
Happy
1 100 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

MicroStrategy Poised to Announce $21 Billion Bitcoin Purchase of Over 500,000 BTC

0 0
Read Time:1 Minute, 35 Second

In a move that could send shockwaves through the cryptocurrency market, MicroStrategy is expected to announce a massive Bitcoin acquisition worth $21 billion, totaling over 500,000 BTC. The announcement is anticipated to come tomorrow morning, according to recent signals from CEO Michael Saylor.

Saylor, a vocal Bitcoin advocate and the face behind MicroStrategy’s bold crypto strategy, recently posted the “Saylor Bitcoin Tracker” on social media—a pattern historically followed by a major Bitcoin purchase the day after its appearance.

Strategic Timing

MicroStrategy is known for timing its Bitcoin buys during price pullbacks, and this upcoming purchase could align with a dip in the market. The company’s current Bitcoin holdings stand at approximately $8.73 billion, down from a peak of $19.5 billion, according to data from Bitcointreasuries.net and previous MicroStrategy filings.

If confirmed, this purchase would significantly expand MicroStrategy’s already industry-leading crypto portfolio and further solidify its position as the largest corporate holder of Bitcoin.

Market Impact

The potential acquisition of over 500,000 BTC would represent one of the largest single purchases in the history of digital assets. Analysts predict that such a move could drive strong bullish sentiment, possibly pushing Bitcoin’s price to new highs amid growing institutional interest.

MicroStrategy’s aggressive accumulation strategy has long been a bellwether for institutional adoption of Bitcoin. A $21 billion commitment would not only reaffirm the company’s confidence in the long-term value of BTC but could also influence other corporations to follow suit.

Looking Ahead

Investors and crypto enthusiasts are now eagerly awaiting the official announcement, which is expected early tomorrow. Should it be confirmed, the crypto markets could experience increased volatility and upward momentum as the news reverberates across trading platforms and financial institutions.

Stay tuned for updates on this potentially historic moment in Bitcoin’s journey toward mainstream adoption.

Sources:

About Post Author

partyushgoyal

https://scoopist.in
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %

Japan’s Bitcoin Reserve Debate: Metaplanet CEO Calls for Action

0 0
Read Time:1 Minute, 30 Second

Simon Gerovich, CEO of the publicly traded Japanese firm Metaplanet, has urged Japan to follow in the footsteps of the United States by establishing a Bitcoin reserve. His vision? Transforming Japan into a global Bitcoin superpower.

Metaplanet’s Bitcoin Reserve Strategy

Gerovich highlighted the company’s remarkable 45.1% return on its Bitcoin investments in 2025. Metaplanet has allocated approximately $240.2 million towards Bitcoin acquisitions, with an average purchase price of $83,172 per BTC. The company’s proactive accumulation strategy reflects its belief in Bitcoin’s long-term value and the necessity of a national Bitcoin reserve.

“The opportunity to purchase Bitcoin won’t last forever, and soon there will be two types of people: those who own Bitcoin and those who regret not buying it.” – Simon Gerovich

Japan’s Crypto Dilemma

Gerovich’s comments come at a time when global adoption of Bitcoin reserves is gaining traction. With the United States embracing a Bitcoin reserve strategy, Metaplanet’s CEO believes Japan must act swiftly to remain competitive in the evolving financial landscape.

Key Takeaways:

  • Bitcoin as a National Reserve – Gerovich advocates for Japan to adopt a Bitcoin reserve in its financial strategy.
  • Metaplanet’s Profits – The company has seen a 45.1% return on its BTC investments.
  • Urgency in Accumulation – Gerovich warns that the window to buy Bitcoin at competitive prices is closing.
  • National Strategy Debate – Japan’s policymakers now face increasing pressure to reconsider their stance on a Bitcoin reserve.

The Road Ahead

As Metaplanet continues to accumulate Bitcoin, Japan’s stance on a Bitcoin reserve remains a subject of debate. Whether the nation will follow Metaplanet’s lead and integrate Bitcoin into its reserve strategy is yet to be seen.

What do you think? Should Japan embrace a Bitcoin reserve as part of its national financial strategy?

About Post Author

partyushgoyal

https://scoopist.in
Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %
Exit mobile version