Bitcoins April price drop linked to leverage liquidations: CryptoQuant

Bitcoin  Bitcoins April price drop linked to leverage liquidations: CryptoQuant  CryptoQuant attributes Bitcoins late-April price drop to leverage liquidations. The market predicting Bitcoin will reach $80,000 in April sits at 10.5% YES, down from 30% a day ago.  Market reaction  The market predicting Bitcoin reaching $80,000 dropped from 56% to 18% within minutes of the news. The $150,000 target remains at 0.1% YES. Traders show little confidence in a rapid rebound. Moving the $80,000 market 5 percentage points requires $266,780, so liquidity isnt the constraint; conviction is.  Why it matters  Actual USDC volume on the $80,000 target is $141,284, but face value sits at $821,420, which suggests traders are hedging rather than taking outright positions. The largest price move, a 37-point drop at 12:23 PM, confirms how quickly leverage liquidation reports can reprice these markets.  This liquidation-driven decline reflects ongoing volatility tied to leverage across crypto. A YES share in the $80,000 market at 11¢ offers a 9.1x return. For that to pay off, sentiment would need to reverse sharply before the end of April. Without specific bullish catalysts like institutional inflows or dovish Fed signals, the bet is speculative.  What to watch  BlackRock or Fidelity reporting inflows into Bitcoin ETFs, or a surprise dovish pivot from the Federal

04-29

Tokenization is growing, but Ethereum still owns the market - Heres how!

Ethereum  Tokenization is growing, but Ethereum still owns the market – Heres how!  Tokenization is growing fast. However, Is multi-chain growth just a narrative?  Ethereum is at the center of tokenized assets  According to Token Terminal, tokenized funds, stocks, and commodities are now a $38.6 billion market across 35 chains. Ethereum [ETH] alone accounts for close to $25 billion of that. Thats 65% of the total market!  This is part of a bigger trend. AMBCrypto previously reported that U.S. investors (both whales and retail) are increasing their exposure to Ethereum, regardless of market conditions.  The remaining 34 chains together are worth about $13.6 billion.  Source: Token Terminal  It‘s not that other chains are irrelevant; they’re just not dominant enough. Networks like BNB Chain [BNB], Solana [SOL], and Tron [TRX] are still seeing activity.  Multi-chain growth is a myth!  In RWAs, Ethereum led the table with about $16.7B in value, very far ahead of BNB Chain at $3.8B and Solana at $2.0B at press time.  Source: rwa.xyz  Stablecoins were similar too. Ethereum held 52.9% of stablecoin market cap, while Tron captured 27.8%. After that, Solana, BSC, Arbitrum [ARB], Polygon [POL], and others seemed to be much smaller.  Source: DeFiLlama  So, there is competition, but theres only one clear winner as it stands.  So, is Ethereums lead

04-29

CFTC files lawsuit blocking Wisconsin action against prediction markets

The U.S. Commodity Futures Trading Commission has sued Wisconsin, escalating its legal push to block state action against federally regulated prediction market platforms.CFTC has sued Wisconsin, arguing federal law gives it exclusive authority over prediction market contracts.Wisconsin officials have claimed the platforms offer betting products that fall under state gambling laws.CFTC Chair Michael Selig has warned states, including Wisconsin, that federal regulators will take legal action if enforcement continues.  According to a statement from the Commodity Futures Trading Commission, the lawsuit responds directly to Wisconsins recent complaints against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase, all of which operate prediction markets under federal oversight.  “States cannot circumvent the clear directive of Congress,” CFTC Chairman Michael Selig said, adding that similar warnings have been issued to New York, Arizona, and other states pursuing comparable enforcement.  “Our message to Wisconsin is the same as to New York, Arizona, and others: if you interfere with the operation of federal law in regulating financial markets, we will sue you.”  Filed alongside the Civil Division of the U.S. Department of Justice in a Wisconsin federal court, the complaint argues that event-based contracts listed on registered exchanges fall under the agency‘s “exclusive jurisdiction” as designated contract markets. The filing states that

04-29

Bitwise CIO Reveals the Hidden Force Behind Bitcoin’s 20% Rebound

Bitcoin (BTC) has remained relatively resilient amid ongoing geopolitical tensions, with its price broadly trending higher since late February.  According to Bitwise CIO Matt Hougan, MicroStrategy has emerged as a standout contributor to the recent rally due to its continued large-scale Bitcoin purchases.  MicroStrategy‘s STRC Shares Are the Real Engine Behind Bitcoin’s Rally  In a memo published Tuesday, Hougan acknowledged that several forces have contributed to Bitcoins recent climb. He pointed to strong ETF inflows of $3.8 billion since March 1 and a wave of fresh accumulation from long-term holders.  Still, he argued that Strategy has “been the single biggest factor.” The firm snapped up $7.2 billion in Bitcoin over the last eight weeks.  “Bitcoin is up roughly 20% from its February lows, trading around $76,000. Everyone is wondering if the rally can continue. To a large degree, the answer lies with Strategy,” the executive wrote.  The firm now holds 818,334 BTC, sitting 181,666 coins short of 1 million. Galaxy Research head Alex Thorn projects that MicroStrategy could overtake Satoshi Nakamotos estimated 1.1 million BTC stash within two years if the current pace continues.  Why Bitwise CIO Thinks Strategys STRC Buying Is Far From Over  Hougan pointed out that MicroStrategy has bankrolled this buying spree by selling STRC.

04-29

Iran skips US talks, opts for Pakistan mediation amid ceasefire uncertainty

Tech  Iran skips US talks, opts for Pakistan mediation amid ceasefire uncertainty  Iran has opted to skip direct talks with the US in Islamabad, choosing instead to convey its position through Pakistan. The odds of a ceasefire by April 30 now sit at 3.2%, down from 18% a week ago.  Irans decision to bypass direct engagement with the US has traders pricing in a lack of immediate diplomatic progress. The April 30 ceasefire market sits at 3.2%, just two days before resolution. The market saw a 48-point spike earlier, but confidence has faded without concrete diplomatic breakthroughs.  The market trades $2,829,420 in daily face value, but only $66,661 in actual USDC changes hands, a gap that reflects how much of the activity is low-cost, high-leverage positioning rather than large capital commitment. It takes over $111,818 to move the market 5 percentage points, making price action relatively stable. The largest single move was the 48-point spike, driven by large orders.  Irans choice to communicate via Pakistan rather than meeting directly signals uncertainty in diplomatic channels. Traders read this as bearish for a quick resolution. At 3¢, a YES share pays $1 if a ceasefire is declared by April 30, a 33x return. For that bet to

04-29

CFTC pulls Wisconsin into fight over prediction market jurisdiction

The US Commodity Futures Trading Commission on Tuesday sued the state of Wisconsin in the agencys latest effort to assert jurisdiction over prediction markets after the state sued multiple platforms.  The CFTC said in a statement that it filed the lawsuit against Wisconsin “in response to the states lawsuits against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase, five CFTC-regulated prediction markets.”  “States cannot circumvent the clear directive of Congress,” CFTC Chairman Michael Selig said. “Our message to Wisconsin is the same as to New York, Arizona, and others: if you interfere with the operation of federal law in regulating financial markets, we will sue you.”  It is the agencys fifth lawsuit against a US state that seeks to halt action against prediction markets. The CFTC sued New York on Friday and filed lawsuits against Arizona, Connecticut, and Illinois earlier this month after the states sued prediction market platforms.  Michael Selig speaking on stage at Bitcoin 2026 in Las Vegas on Monday. Source: YouTube  Wisconsin sued the five companies on Thursday, and like many US state authorities, argued that prediction markets offering sports-related event contracts are illegal betting that requires state gaming licenses.  It is an assertion the platforms and the CFTC have rebuffed in the past, arguing

04-29

Bitcoin, ETH, XRP Brace for Big Moves amid Stalled US-Iran Peace Talks, Fed Rate Decision

Bitcoin Ethereum  Bitcoin, ETH, XRP Brace for Big Moves amid Stalled US-Iran Peace Talks, Fed Rate Decision  Cryptocurrency market on edge as stalled US-Iran peace talks fuel geopolitical uncertainty ahead of the US Fed rate decision. Bitcoin (BTC), Ethereum (ETH), and XRP are witnessing increased volatility, with traders anticipating sharp moves in either direction after Jerome Powells press conference.  Crypto Fear & Greed Index slipped from 33 to 26 (fear) amid uncertainty in the crypto market. Altcoins such as Solana (SOL), BNB, Dogecoin (DOGE), Hyperliquid (HYPE) and Cardano (ADA), among others, are also wavering amid outflows from spot ETFs and massive crypto liquidations.  Bitcoin, ETH, XRP Traders Brace for Geopolitical Risks as US-Iran Talks Stall  The US-Iran peace talks stalled, with no signs of the war ending as it approaches the two-month mark. Meanwhile, President Donald Trump is dissatisfied with Irans latest peace proposal to end the war and reopen the Strait of Hormuz, but delay the nuclear deal.  With President Trump skeptical over accepting Irans proposal, oil prices surged above $99 per barrel on Wednesday. Bitcoin, ETH, and XRP also saw declines. Moreover, it has prompted the UAE to announce its exit from OPEC for greater flexibility in adapting to shifting market conditions.  President Trump has

04-29

TRX Price Prediction: Relief Rally to $0.35 Before $0.28 Breakdown

Current Market Position  TRON trades at $0.32 in a consolidation phase that masks underlying weakness. The MACD histogram sits at zero with converging signal lines, indicating momentum has completely flatlined after multiple rejections at the $0.33 resistance level. RSI readings around 52 show neither bulls nor bears have established control, but derivatives data reveals where smart money is positioning.  The negative funding rate of -0.0146% demonstrates shorts are confident enough to pay longs for holding positions. This metric, combined with daily volume of just $24 million, suggests institutional interest remains minimal while retail traders remain trapped in sideways action.  Technical Structure Analysis  Price action has created a narrow range between $0.32 support and $0.33 resistance, with the 7-day moving average acting as dynamic resistance. The Bollinger Bands show a squeeze pattern with TRX hugging the lower band, typically preceding volatile moves. Each attempt to reclaim $0.33 has been met with immediate selling pressure, creating a clear rejection zone.  The 200-day moving average sits at $0.30, representing the next major support level if current consolidation breaks down. With TRX trading 6.7% above this long-term average, there remains significant downside potential before reaching oversold conditions that might attract institutional buying.  Derivative Signals Point Lower  Top traders maintain a 53.4%

04-29

Ukrainian drone attack ignites Tuapse oil refinery, escalating energy strikes

Tech  Ukrainian drone attack ignites Tuapse oil refinery, escalating energy strikes  A Ukrainian drone attack has again set ablaze the Tuapse oil refinery, continuing Kyivs campaign against Russian energy infrastructure. The odds of a Russia-Ukraine ceasefire by April 30 sit at 0% YES, unchanged from 24 hours ago.  Market reaction  The April 30 ceasefire market is stuck at 0%, while the May 31 market sits at 4% YES, down from 4% a day ago. The term structure shows a 3-point increase over 31 days, pointing to a slow timeline for any resolution.  Total USDC traded in the ceasefire markets is $2,461 over the past 24 hours, with $865 required to move the April 30 odds by 5 points. This thin liquidity means even small trades can cause large price swings, though no major moves have followed the latest attack. The largest recent spike was a 50-point jump at 11:40 AM, which quickly reverted to baseline.  Why it matters  Repeated strikes on Tuapse, one of Russia‘s major refining facilities, represent an escalation in Ukraine’s targeting of energy infrastructure. This pattern of attacks is hard to square with any near-term ceasefire, and the market pricing reflects that disconnect between battlefield activity and diplomatic timelines.  What to watch  Official statements from the

04-29

TRX Price Prediction: Relief Rally to $0.35 Before $0.28 Breakdown

Current Market Position  TRON trades at $0.32 in a consolidation phase that masks underlying weakness. The MACD histogram sits at zero with converging signal lines, indicating momentum has completely flatlined after multiple rejections at the $0.33 resistance level. RSI readings around 52 show neither bulls nor bears have established control, but derivatives data reveals where smart money is positioning.  The negative funding rate of -0.0146% demonstrates shorts are confident enough to pay longs for holding positions. This metric, combined with daily volume of just $24 million, suggests institutional interest remains minimal while retail traders remain trapped in sideways action.  Technical Structure Analysis  Price action has created a narrow range between $0.32 support and $0.33 resistance, with the 7-day moving average acting as dynamic resistance. The Bollinger Bands show a squeeze pattern with TRX hugging the lower band, typically preceding volatile moves. Each attempt to reclaim $0.33 has been met with immediate selling pressure, creating a clear rejection zone.  The 200-day moving average sits at $0.30, representing the next major support level if current consolidation breaks down. With TRX trading 6.7% above this long-term average, there remains significant downside potential before reaching oversold conditions that might attract institutional buying.  Derivative Signals Point Lower  Top traders maintain a 53.4%

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