An account linked to ZKasino, a gambling platform that stole more than $30 million from its users in 2024, lost $27.1 million after closing a long position on Hyperliquid. According to on-chain data on Hyperdash, the scammer address behind the…

ZKasino scammer wallet lost $27.1m after long position ETH close

In his annual letter to shareholders, released today, JPMorgan Chase CEO Jamie 
Dimon expressed some concerns about the potential economic repercussions of 
President Donald Trump&#8217;s recent tariff implementations. Dimon warned that 
these tariffs could exacerbate inflation and impede economic growth,…

Dimon warns tariffs may push U.S. toward recession, hits crypto slide

XRP is trading at $1.90 with a market capitalization of $110 billion and a 
robust global trading volume of $13.96 billion over the past 24 hours. Its 
intraday price has ranged from $1.65 to $2.05, showcasing significant 
volatility and liquidity in today’s session. XRP On the 1-hour chart, XRP has 
shown signs of breaking from […]

XRP Price Update: V-Shaped Recovery Sparks Market Buzz

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