The downfall of Mount Gox, once the biggest cryptocurrency exchange, is a lesson in what can go wrong. It took 10 years after the platform’s collapse for creditors to start getting their compensation. But this disaster pushed the entire crypto…

What is Mt Gox Bitcoin exchange? The downfall of Mt Gox

XRP price started a fresh decline below the $2.150 zone. The price is now 
consolidating above $2.00 and facing hurdles near the $2.120 zone. XRP price 
started a downside correction from the $2.250 resistance zone. The price is 
now trading below $2.10 and the 100-hourly Simple Moving Average. There is a 
key bearish trend line forming with resistance at $2.130 on the hourly chart 
of the XRP/USD pair (data source from Kraken). The pair might extend losses if 
there is a close below the $2.00 support zone. XRP Price Faces Resistance XRP 
price started a downside correction from the $2.250 zone, like Bitcoin and 
Ethereum. The price traded below the $2.150 and $2.120 levels to enter a 
bearish zone. The price even spiked below $2.050 but stayed above $2.00. A low 
was formed at $2.036 and the price is now consolidating losses. There was a 
recovery wave above the $2.10 level. The price spiked above the 50% Fib 
retracement level of the downward move from the $2.184 swing high to the 
$2.036 low. The price is now trading below $2.10 and the 100-hourly Simple 
Moving Average. On the upside, the price might face resistance near the $2.120 
level. There is also a key bearish trend line forming with resistance at 
$2.130 on the hourly chart of the XRP/USD pair. The trend line is near the 
61.8% Fib retracement level of the downward move from the $2.184 swing high to 
the $2.036 low. The first major resistance is near the $2.180 level. The next 
resistance is $2.20. A clear move above the $2.20 resistance might send the 
price toward the $2.250 resistance. Any more gains might send the price toward 
the $2.320 resistance or even $2.350 in the near term. The next major hurdle 
for the bulls might be $2.50. More Losses? If XRP fails to clear the $2.120 
resistance zone, it could start another decline. Initial support on the 
downside is near the $2.030 level. The next major support is near the $2.00 
level. If there is a downside break and a close below the $2.00 level, the 
price might continue to decline toward the $1.920 support. The next major 
support sits near the $1.840 zone. Technical Indicators Hourly MACD – The MACD 
for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative 
Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support 
Levels – $2.030 and $2.00. Major Resistance Levels – $2.120 and $2.180.

XRP’s $2.00 Pivot Point—A Launchpad or Breakdown Zone?

Despite recent major developments in the crypto industry, the market has just 
posted its weakest Q1 performance in years &#8212; but a crypto analyst is pointing 
to several catalysts that could make Q2 more promising.
&#8220;Frustrating. That&#8217;s the best word to describe the past quarter,&#8221; Bitwise 
chief investment officer Matt Hougan said in a recent market report, calling 
Q1 the &#8220;best worst quarter in crypto&#8217;s history.&#8221;
## Bitcoin and Ether took an unusual hit in Q1
Bitcoin (BTC) and Ether (ETH), the two largest cryptocurrencies by market 
capitalization, saw price declines of 11.82% and 45.41%, respectively, over Q1 
2025 &#8212; a quarter that has historically seen strong results for both assets. 
Since 2013, Q1 has been Bitcoin&#8217;s second-strongest quarter on average (51.2%) 
and historically the best for Ether (77.4%), according to CoinGlass data.
_Historically, Q1 2025 is the second-best performing quarter for Bitcoin on 
average, but it &#8216;s the best for Ether. Source: __CoinGlass_
Hougan pointed to a few key catalysts that could help crypto deliver more 
upside to Q2.
He noted the rise in global money supply, which &#8220;after years of tightening, 
central banks across the globe are signaling a shift toward monetary easing 
and M2 expansion.&#8221;
&#8220;Historically, these conditions have been favorable for risk assets, 
particularly for digital assets,&#8221; Hougan said. Echoing a similar sentiment, 
Pav Hundal, the lead analyst at Australian crypto exchange Swyftx, told 
Cointelegraph in February that &#8220;in normal times, global loosening measures are 
a pretty reliable lead indicator for crypto.&#8221;
More recently, on April 14, analyst Colin Talks Crypto said, &#8220;Global M2 has 
remained at an ATH for 3 days in a row.&#8221; Bitcoin moves in the direction of 
global M2 83% of the time, economist Lyn Alden wrote in a September research 
report.
_BTC/USD vs global M2 supply. Source:__Colin Talks Crypto_
Hougan also said the &#8220;clean sweep of pro-regulations&#8221; in the US may be another 
bullish factor for the crypto market. &#8220;This is the long tail of regulatory 
clarity that no one is talking about, and it&#8217;s just getting started,&#8221; Hougan 
said.
The rise in stablecoin assets under management may also be a positive 
indicator that more upside is to come this year in the crypto market. Hougan 
said during the first quarter, stablecoin assets under management surged to 
&#8220;an all-time high of over $218 million.&#8221;
&#8220;Growing stablecoin adoption will benefit adjacent sectors, including DeFi and 
other crypto applications,&#8221; he said.
_**Related:**__**Bitcoin rally to $86K shows investor confidence, but it &#8216;s 
too early to confirm a trend reversal**_
The firm also said that the &#8220;geopolitical chaos&#8221; seen in the global economy 
during Q1 2025, mainly after US President Donald Trump&#8217;s inauguration through 
his tariffs, &#8220;are pushing global investors to reassess their portfolios.&#8221;
It comes only days after Hougan recently reiterated his prediction that 
Bitcoin may surge approximately 138% from its current price of $84,080 by the 
end of the year.
&#8220;In December, Bitwise predicted that Bitcoin would end the year at $200,000. I 
still think that&#8217;s in play,&#8221; Hougan said.
Meanwhile, crypto exchange Coinbase recently said, &#8220;When the sentiment finally 
resets, it&#8217;s likely to happen rather quickly, and we remain constructive for 
the second half of 2025.&#8221;
_**Magazine:**__**Riskiest, most &#8216;addictive&#8217; crypto game of 2025, PIXEL goes 
multi-game: Web3 Gamer**_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

4 things that could turn crypto prices around in Q2 after the ‘best worst quarter’

According to a recent CryptoQuant Quicktake post, while Bitcoin (BTC) has seen 
a steady rise in price from November 2024 to February 2025, sentiment in the 
cryptocurrency&#8217;s futures market has not shown a corresponding uptick. Bitcoin 
Futures Sentiment Index Signals Caution Bitcoin’s price surged from 
approximately $74,000 in November 2024 to a peak of $101,000 by early February 
2025. However, following US President Donald Trump’s tariff announcements, 
risk-on assets &#8211; including BTC -have experienced a significant pullback. 
Related Reading: Bitcoin Boom Still In Play? Analyst Predicts Final Leg Up 
After hitting a potential local bottom of $74,508 earlier this month on April 
6, the apex cryptocurrency has recovered some of its recent losses. The top 
digital asset is trading in the mid $80,000 range at the time of writing. 
Despite this recovery, BTC’s futures sentiment has continued to decline since 
February. Even as the price holds near local highs, sentiment in the futures 
market has notably cooled. CryptoQuant contributor abramchart highlighted this 
divergence, noting that it could indicate increasing caution or profit-taking 
behavior despite the ongoing bullish trend. The analyst commented: This 
indicates a cooling interest or increased fear in the futures market, possibly 
due to macroeconomic uncertainty, regulatory concerns, or expected 
corrections. A look at the BTC futures sentiment index shows a resistance zone 
around 0.8 and a support level near 0.2. The index is currently hovering 
around 0.4, pointing to a predominantly bearish sentiment across futures 
markets. Similarly, Bitcoin’s average price has steadily declined from its 
early 2025 highs. It is now ranging between $70,000 and $80,000, signalling 
possible market indecision amid heightened tariff tensions. According to 
abramchart, if futures sentiment remains low, BTC could face extended price 
consolidation or even downward pressure in the near term. However, any 
emerging bullish catalyst could quickly shift the sentiment and renew upward 
momentum. Is BTC Close To A Momentum Shift? Some analysts believe Bitcoin may 
be nearing a breakout. After consolidating in the mid-$80,000s for several 
weeks, on-chain metrics suggest BTC may be undervalued at current levels. 
Indicators such as BTC exchange reserves and the Stablecoin Supply Ratio 
support this view. Related Reading: Bitcoin Buy Signal Confirmed? Analysts 
Highlight Key Reversal Zone In Play In addition, momentum indicators like 
Bitcoin’s weekly Relative Strength Index have begun to break out of a long- 
standing downward trendline &#8211; raising hopes for a potential bullish rally back 
toward $100,000. However, several risks still remain. The recent appearance of 
a ‘death cross’ on BTC’s price chart &#8211; combined with persistent macroeconomic 
concerns related to trade tariffs &#8211; could still weigh heavily on market 
sentiment. At press time, BTC trades at $83,917, down 1.8% over the past 24 
hours. Featured image from Unsplash, Charts from CryptoQuant and 
TradingView.com

Bitcoin Price Holds Steady, But Futures Sentiment Signals Caution – Details

Bitwise supercharges its European expansion by listing four top-tier crypto 
ETPs on the London Stock Exchange, unlocking elite access for UK investors. 
Bitwise Unleashes Institutional Crypto Arsenal on LSE in Major UK Power Play 
Asset management firm Bitwise announced on April 16 that it had listed four of 
its Germany-issued crypto exchange-traded products (ETPs) on […]

Bitwise Launches 4 Crypto ETFs on London Stock Exchange

Over the past 30 days, crypto market participants have bridged more than $120 
million in liquidity to Solana (SOL) from other blockchains, signaling renewed 
confidence in the network. Traders transferred the highest amount from 
Ethereum (ETH) at $41.5 million, followed by a $37.3 million influx from 
Arbitrum, according to data from Debridge.
Meanwhile, users on Base, BNB Chain and Sonic moved $16 million, $14 million 
and $6.6 million, respectively.
_Total transferred amount from other chains to Solana. Source: debridge_
The return of liquidity to Solana paints a stark contrast to the network&#8217;s 
recent challenges. Following Argentina&#8217;s LIBRA memecoin scandal, which 
ensnared President Javier Milei, Solana saw investors move $485 million to 
other blockchains like Ethereum and BNB Chain.
The current liquidity influx to Solana coincides with the return of double- 
digit price rallies from memecoins as POPCAT, FARTCOIN, BONK and WIF rose 79%, 
51%, 25% and 21%, respectively, over the past seven days.
However, further analysis shows the total generated fees for March coming in 
just under $46 million. For context, Solana&#8217;s fees peaked at over $400 million 
in January 2025. Currently, the total fees generated for the month of April 
are roughly $22 million.
_Solana total generated fees and revenue. Source: DefiLlama_
 _**Related: Spot Solana ETFs to launch in Canada this week**_
## Solana price has a tough uphill climb ahead
From a technical perspective, Solana remains in a bearish trend on the 1-day 
chart. SOL must exhibit a bullish break of structure by closing a daily candle 
above $147 for a bullish trend shift.
_Solana 1-day chart. Source: Cointelegraph/TradingView_
Solana remains under the $140 level, with the 50-day exponential moving 
average (blue line) acting as a strong resistance. A bullish close above the 
50-EMA would have increased the likelihood of a positive trend reversal, but 
SOL prices have stalled at current levels.
On a lower time frame (LTF) chart, Solana exhibited a bearish divergence 
between the price and relative strength index (RSI) indicator. Historically, a 
bearish divergence setup has signaled a correction period for Solana in 2025. 
SOL has experienced four bearish divergences since January, each following a 
price decline.
_Solana 4-hour chart. Source: Cointelegraph/TradingView_
There is a strong similarity between its previous and current bearish 
divergence. Both setups took place after the price moved temporarily above the 
50-day and 100-day EMA (blue and green line) on the 4-hour chart, eventually 
leading to a price drop.
Thus, it is possible that Solana could follow a similar path in the next few 
days. The 1-day demand zone is the immediate area of interest for a bounce 
between $115 and $108.
Meanwhile, in a recent X post, Glassnode reported a significant shift in 
Solana&#8217;s realized price distribution, with over 32 million SOL bought at the 
$130 level over the past few days. That is 5% of the total supply, which means 
the $130 level could be a strong support level in the future. The analysis 
added,
&gt; &#8220;Below $129, we see 18M $SOL (3%) at $117.99, while above, 27M $SOL(4.76%) 
&gt; sit at $144.54. In the short term, $144 could act as resistance and $117 as 
&gt; the lower bound of the price range, with $129 serving as the key pivot 
&gt; zone.&#8221;
_Solana UTXO realized price. Source: Glassnode_
 _**Related: Bitcoin price recovery could be capped at $90K &#8212; Here&#8217;s why**_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.