Crypto markets are being shaped by the same macro forces that are spooking traditional financial markets, but their international and borderless nature provides a layer of protection, according to Offchain Labs co-founder and chief scientist Edward Felten. Speaking on CNBC’s…

Crypto’s global nature shields it from tariff shocks, says Offchain Labs exec

Strategy, the enterprise software firm formerly known as Microstrategy, 
disclosed $5.91 billion in unrealized losses on its bitcoin holdings for Q1 
2025 under a new accounting rule requiring crypto assets to be marked to 
market. Strategy Posts Q1 Loss Strategy, rebranded from Microstrategy 
Incorporated, reported a $5.91 billion non-cash loss tied to its bitcoin ( […]

Strategy Reports $5.91B Unrealized Bitcoin Loss in Q1 2025

The Hashgraph Group, a Switzerland-based venture capital and technology firm 
supporting the Hedera blockchain network, has announced a strategic investment 
in agritech company AgNext Technologies. According to details in a press 
release on April 7, the collaboration will see the…

Hedera’s The Hashgraph Group invests in AgNext Technologies

Crypto analyst Melika Trader has warned of a volume drop that could trigger a 
60% Bitcoin price crash. The analyst provided an in-depth analysis of what 
this price crash could mean and if it would mark the end of the bull run. How 
The Bitcoin Price Could Crash By 60% And Drop To $49,000 In a TradingView 
post, Melika Trader revealed how the Bitcoin price could crash by 60% and drop 
to $49,000. The analyst noted that BTC is hanging just above a critical 
support zone, an area he claimed many traders recognize as the “most important 
support level” from a volume perspective on Binance. Related Reading: Analyst 
Says Bitcoin Price Has Entered The ‘Ideal Buy Zone’, Here’s Why His 
accompanying chart showed that the Bitcoin price could suffer a 60% drop once 
it loses the former trend line at $75,000. The flagship crypto is also in 
danger, having lost the critical support at around $83,000. This drop to 
$49,000 would bring BTC back toward the high-volume range near $30,000. This 
provides an ultra-bearish outlook for the Bitcoin price. However, Melika 
Trader raised a twist, stating that only 20% of traders might actually lose. 
He noted that, according to Binance’s volume profile data, the majority of 
buying activity and position accumulation happened below $35,000. The analyst 
further mentioned that most long-term holders and smart money entered during 
the 2022/2023 accumulation range. The Volume Profile Visible Range (VPVR) is 
also said to show significant support below the current Bitcoin price, with 
minimal trading volume at higher levels. Melika Trader remarked that only a 
minority of traders bought BTC during its late-stage bull run above $70,000. 
Meanwhile, the majority of investors are still in profit or break-even, even 
if the Bitcoin price retraces back to its base. As such, most traders are 
safe, as BTC risks a drop to as low as $49,000. Why BTC’s Bull Market Is Over 
CryptoQuant’s CEO, Ki Young Ju, recently asserted that BTC’s bull market is 
over amid the Bitcoin price decline. He alluded to the ‘Realized Cap’ metric 
to explain his confidence that the bull run is over. The CryptoQuant CEO noted 
that if Realized Cap is growing but Market Cap is stagnant or falling, it 
means capital is flowing in but prices aren’t rising. Related Reading: Why 
Buying Bitcoin Now Is Better Than Later As BTC Price Consolidates Within 
Falling Wedge Ki Young Ju noted that this is a clear bearish signal, and this 
is what is currently happening. Capital is entering the market right now, but 
the Bitcoin price isn’t responding, which he claims is typical of a bear 
market. The CryptoQuant CEO explained that even large purchases like 
MicroStrategy’s aren’t pushing prices up because there is too much sell 
pressure at the moment. Ki Young Ju again affirmed that current data points to 
the Bitcoin price being in a bear market. He noted that sell pressure could 
ease anytime but warned that historically, real reversals take at least six 
months. As such, the CryptoQuant CEO believes a short-term rally seems 
unlikely. At the time of writing, the Bitcoin price is trading at around 
$77,000, down over 7% in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

Crypto Analyst Warns Of Volume Drop That Could Trigger 60% Bitcoin Price Crash To $49,000

Bitcoin Magazine 
Pro Crypto, Anti Privacy: Will Trump Free Samourai?
The Treasury lifted sanctions on Tornado Cash, while prosecutions of Samourai 
Wallet developers continue.
This post Pro Crypto, Anti Privacy: Will Trump Free Samourai? first appeared 
on Bitcoin Magazine and is written by L0La L33Tz.

Pro Crypto, Anti Privacy: Will Trump Free Samourai?

Diving into the chaos of global markets, Bloomberg Senior Commodity Strategist 
Mike McGlone warns more turmoil could be on the way.
In an exclusive interview with Cointelegraph, McGlone points to deepening 
market sell-offs, intensified by US President Donald Trump&#8217;s ongoing tariff 
wars, and forecasts a sharp correction in crypto assets. He predicts Bitcoin 
could tumble to $10,000, citing excessive speculation and overvaluation within 
the digital asset space.
&#8220;Look at Dogecoin &#8212; it still has a $20 billion market cap. It should go to 
zero. The whole space needs purging, just like the dot-com bubble did.&#8221;
According to McGlone, Bitcoin&#8217;s current price could face significant downward 
pressure as part of the broader market resets. Despite the relatively 
supportive regulatory environment, he cautions that Bitcoin&#8217;s &#8220;digital gold&#8221; 
narrative is facing a stress test.
&#8220;Anybody who bought ETFs is learning the hard way. They did not buy digital 
gold. They bought more of a value of leveraged beta. That&#8217;s a fact.&#8221;
McGlone also noted that sharp-eyed traders may still find pockets of 
opportunities. However, investors should be prepared for a more extended 
recovery process rather than a quick &#8220;V-shaped&#8221; rebound like the one seen 
after the COVID-19 market crash.
The stock market, he argues, has grown disproportionately large relative to 
the US economy &#8212; and now, a reset appears inevitable.
&#8220;Back then, the US stock market was around 1.5 to GDP. We popped up to 2.2 or 
so to GDP. Markets just got too high.&#8221;
To gain deeper insights into his analysis and hear more of his predictions, 
make sure to watch Cointelegraph&#8217;s full interview.