Algorand price shot up 21% on Friday, April 3, becoming the top gainer of the 
day, bucking the relative stillness of the broader crypto market that has gone 
cold amid the escalating war situation in the Middle East. According to…

Why did Algorand price soar over 20% today?

This paid press release was provided by MEXC and was not written by 
Bitcoin.com News. Bitcoin.com News does not necessarily endorse the statements 
made within this announcement. PRESS RELEASE. Victoria, Seychelles, April 03, 
2026 —MEXC, the world’s fastest-growing digital asset exchange and a pioneer 
in zero-fee trading, has announced a series of initiatives to integrate […]

MEXC Integrates USD1 into Full-Spectrum Infrastructure for Global Users

Bloomberg senior strategist Mike McGlone has renewed a stark prediction for 
Bitcoin (BTC), arguing that the market&#8217;s leading cryptocurrency could resume a 
prolonged decline that takes it back toward $10,000. Why McGlone Sees Bitcoin 
Heading Back To $10K In a Thursday post on social media platform X (previously 
Twitter), McGlone framed the $10,000 level as a long-standing reference point 
for Bitcoin: it was a common trading price before the 2020–21 rally and has 
been among the most frequently traded levels since futures began trading in 
2017. McGlone&#8217;s view, which he describes as a &#8220;bursting crypto bubble&#8221; 
scenario, is a minority stance among market analysts who predict a Bitcoin 
bottom this year as low as $38,000 in the worst scenario—much higher than the 
Bloomberg strategist&#8217;s price point. Related Reading: What April Could Mean For 
XRP: Past Patterns And Key Price Catalysts To Watch If Bitcoin were to fall 
from its current trading price to $10,000, the move would represent a roughly 
92% drop, taking into account the retrace already seen from its all-time high 
of $126,000. That would be materially lower than the previous bear-market 
trough around $15,000. The idea that Bitcoin could revert toward $10,000 
clashes with a common pattern observed in prior post‑Halving cycles. 
Historically, corrections following Halving rallies have produced higher lows 
compared with prior cycles. In that framework, a return to $10,000 would mark 
an unusually deep reversal well below the low of the last bear market. Still, 
McGlone contends that significant structural and behavioral shifts around the 
2020–21 era mean the market could be reverting to an older norm centered on 
the $10,000 price point. Market Worries Mount Beyond long-term projections, 
Bitcoin is now range-bound with limited directional confidence. The leading 
cryptocurrency was trading at $66,938 at the time of writing, down around 2.5% 
in the previous 24 hours. Analysts point to heightened geopolitical tension as 
a near-term catalyst for risk-off moves: President Trump’s recent remarks 
suggesting intensification of strikes against Iran have reduced hopes for a 
swift de‑escalation, pressuring risk assets and prompting a pullback in crypto 
markets. “Trump’s latest comments on the war with Iran triggered a sharp sell- 
off amid a lack of de-escalation signs,” Alex Kuptsikevich, chief market 
analyst at FxPro, told Bloomberg, noting Bitcoin’s consolidation between 
roughly $66,000 and $69,000. Related Reading: National Trust Bank Bid: Citadel 
Securities-Backed Crypto Exchange Enters The Fray In addition, CryptoQuant 
data indicate that large holders — often referred to as whales — have moved 
from accumulation to net selling over the past year, a trend traders say helps 
explain the subdued price action. “Onchain data confirms what price action has 
been telegraphing: there’s zero conviction,” Jasper De Maere, a trader at 
Wintermute, commented. Institutional flows have not been supportive either. 
Net inflows to US-listed spot Bitcoin exchange-traded funds (ETFs) turned 
negative on Wednesday, with investors withdrawing about $174 million from 
those vehicles, contributing to the retracement. Featured image from OpenArt, 
chart from TradingView.com

New Bitcoin Crash Ahead? Bloomberg Strategist Forecasts Return To $10,000 – Here’s Why

Bitcoin miner Riot Platforms sold a sizeable portion of its holdings in the 
first quarter, offloading 3,778 BTC as crypto firms navigated a tough market 
environment. According to its Thursday operational update, the company sold 
the Bitcoin at an average…

Riot Platforms sells 3,778 BTC in Q1 as Bitcon miners continue selling

Bitfinex&#8217;s support for El Salvador&#8217;s Bitcoin adoption highlights the need for 
broader institutional backing and regulatory clarity to drive market impact.
The post Bitfinex backs El Salvador&#8217;s Bitcoin adoption, eyes on $100K by June 
30: FT appeared first on Crypto Briefing.

Cryptocurrency price in GBP