Bitcoin&#8217;s computing power has surged to record levels, even as miners ramp up BTC sales to cope with shrinking profit margins. Bitcoin&#8217;s network strength reached a new milestone in early April, even as miners ramped up their Bitcoin (BTC) sales…

Bitcoin’s hashrate hits record high amid miner sell-offs

Amid the market volatility, Bitcoin (BTC) has been unable to reclaim the 
$85,000-$86,000 zone despite its weekly performance. However, some analysts 
suggest that a breakout from the key resistance level might be around the 
corner. Related Reading: On-Chain Experiment Or Rug Pull? Base Faces Backlash 
After Unofficial Memecoin Crashes 90% Bitcoin To Resume Its Bullish Rally? 
Over the past week, Bitcoin has traded between the $83,000-$86,000 price 
range, recovering from the sub-$80,000 correction at the start of the month. 
Notably, the flagship crypto experienced significant volatility last week due 
to the ongoing trade tariff war between the US and dozens of countries. BTC’s 
recent recovery began after the US President Donald Trump paused the tariff on 
over 75 countries for 90 days, which sent BTC’s price back above the $80,000 
mark. Amid the volatility, Bitcoin retested the key $78,500 as support and its 
four-month downtrend resistance, compressing between these two levels. 
According to market watcher Daan Crypto Trades, Bitcoin has been moving within 
a significant area, as it was retesting its downtrend line as well as the 
Daily 200 Exponential Moving Average (EMA) and Moving Average (MA), which “has 
been a tough price region to crack in recent weeks.” Amid Thursday’s pump, BTC 
is finally breaking out of its downtrend, which could lead to a surge toward 
the “ultimate level to break for the bulls,” the $90,000-$91,000 barrier, as 
he suggested that the sideways move in the mid-$80,000 region won’t continue 
for much longer. Nonetheless, the trader considers that the coming days might 
not have significant swings due to the Easter weekend, with low volumes and 
liquidity expected. “Likely going to be quite boring absent any major new 
headlines,” he asserted, adding that “we’ll see where this wants to go next 
week.” BTC’s Key Levels To Reclaim Analyst Sjuul from AltCryptoGems pointed 
out that Bitcoin is trapped below the 50-day EMA, which is “what separated us 
from a bull run resumption.” He explained that the cryptocurrency has been 
moving between $78,000-$95,000 since March, with the 50 EMA coinciding with 
the price range’s mid-zone and seemingly acting as resistance for the past 
week. Breaking out of the mid-range, between $85,000-$86,000 levels, could 
send BTC’s price above the $90,000 mark and toward the range’s high. Related 
Reading: Aptos (APT) To Continue Moving In ‘No Man’s Land’ – Can It Reclaim 
$5? According to the post, Bitcoin’s current price action resembles May 2021’s 
performance, before the bull run resumed. At the time, BTC reclaimed the 50 
EMA on the daily chart, which “right now, just as back then, (…) has been the 
line in the sand between the bull and bear markets.” The analyst explained 
that strong spot buying pressure is necessary to break this resistance and 
resume BTC’s rally. “Should we finally have this spot buying pressure, and 
should we finally see the EMA 50 Daily being flipped, all you want next is for 
that liquidity wall at $87K to be properly broken,” he concluded. As of this 
writing, Bitcoin trades at $84,521, a 1.2% increase in the weekly timeframe. 
Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin Ready To Reclaim $90,000? BTC’s ‘Next Big Move’ Could Come Next Week

Slovenia has proposed a 25% tax on crypto profits and derivatives, signaling a 
seismic shift toward uniform digital asset regulation. Slovenia Targets Crypto 
Profits With Brutal 25% Tax Slovenia’s Ministry of Finance released a draft 
bill Thursday in Ljubljana proposing a 25% tax on profits from crypto asset 
disposals, opening the measure to public discussion […]

Slovenia Proposes 25% Crypto Tax That Could Redefine EU Markets

Crypto entrepreneur Anthony Pompliano says that US President Donald Trump 
shouldn&#8217;t follow through on his recent threat to fire the head of the US 
Federal Reserve, saying it would set a dangerous precedent &#8212; especially 
considering the true motive behind it.
&#8220;I do not believe that the President of the United States should come in and 
unilaterally fire the Fed President,&#8221; Pompliano said in a video posted on X on 
April 18.
## Firing over disagreement is a slippery slope, says Pompliano
Pompliano said, &#8220;Where you have a disagreement and then the firing, I think 
that&#8217;s not really the area that we want to go into.&#8221;
&gt; &#8220;The idea of firing the Fed chairman is a very bad precedent to set this 
&gt; way.&#8221;
It comes after Trump took to his social media platform Truth Social to accuse 
Fed chair Jerome Powell of being too slow to cut interest rates. &#8220;Powell&#8217;s 
termination cannot come fast enough!&#8221; Trump said on April 17.
_Anthony Pompliano made the remarks on his online show &#8220;From The Desk of 
Anthony Pompliano.&#8221; Source: __Anthony Pompliano_
Pompliano explained that while the Fed is meant to operate independently, he 
agrees with critics who argue it&#8217;s not truly independent. &#8220;The Fed, I think, 
is highly politicized, even though they pretend not to be,&#8221; he said.
Pompliano acknowledged his own criticism of the Fed, saying he&#8217;s not exactly a 
fan, but emphasized that even if the Fed has made mistakes, responding in kind 
isn&#8217;t the right approach.
&#8220;I still think that just because somebody else is doing something wrong 
doesn&#8217;t mean that you should do something wrong,&#8221; Pompliano said.
US Senator Elizabeth Warren recently warned that if Trump eventually moves to 
fire Powell, it could undermine investor confidence in the integrity of US 
capital markets and trigger a financial crash.
&#8220;A big part of our economy strong, and a big part of the world economy strong, 
is the idea that the big pieces move independently of politics,&#8221; Warren said 
during an appearance on CNBC.
_**Related:**__**Fed &#8216;s Powell reasserts support for stablecoin legislation**_
Lower interest rates often lead to increased liquidity, which has historically 
led to higher prices of perceived riskier assets like Bitcoin and other 
cryptocurrencies.
It comes not long after Powell said establishing a stablecoins legal framework 
was a &#8220;good idea.&#8221;
In an April 16 panel at the Economic Club of Chicago, Powell said, &#8220;The 
climate is changing, and you&#8217;re moving into more mainstreaming of that whole 
sector, so Congress is again looking [&#8230;] at a legal framework for 
stablecoins.&#8221;
_**Magazine:**__**Your AI &#8216; digital twin&#8217; can take meetings and comfort your 
loved ones**_

Trump firing Powell would be a ‘very bad precedent to set’ — Pompliano

XRP has been trading under pressure in recent weeks, losing much of the 
momentum it built during its late 2024 to early 2025 rally. After reaching 
highs above $3.40, the asset has experienced an 18.3% decline over the past 
month, reflecting broader market softness. At the time of writing, XRP trades 
significantly below its peak at a price of $2.06, with subdued investor 
activity and falling market participation across both spot and derivatives 
markets. Related Reading: XRP Breakout Still Likely This April, Analyst Says 
$12+ In Play XRP On-Chain Activity Slows, But Price Remains Relatively Stable 
Amid XRP&#8217;s decline, a CryptoQuant analyst known as EgyHash has recently shared 
his analysis on the altcoin in a post titled, &#8220;XRP’s Market Paradox: With 
Ledger Activity Dipping 80%, Is a Rebound on the Horizon?&#8221; According to 
EgyHash, XRP’s on-chain and futures market data presents a mixed 
picture—declining activity but resilience in price. EgyHash noted that XRP 
Ledger activity has fallen sharply since December, with the percentage of 
active addresses down by 80%. Similar declines have been observed in the 
futures market, where open interest has dropped roughly 70% from its highs, 
and funding rates have occasionally turned negative. He added that the 
Estimated Leverage Ratio, which gauges average user leverage by comparing open 
interest to coin reserves, has also dropped significantly. Despite these 
indicators pointing to weakening momentum, the altcoin&#8217;s price has only 
declined about 35% from its peak. This is a milder correction compared to 
other assets such as Ethereum, which has fallen roughly 60% over the same 
period. Additionally, the altcoin&#8217;s Exchange Reserve has continued to decline, 
reaching levels last observed in July 2023. Lower reserves typically suggest 
that fewer tokens are available for immediate sale, a factor that can help 
support prices during market downturns. According to EgyHash, this trend, 
along with relatively stable pricing, could indicate growing long-term 
confidence in the asset. Institutional Developments Could Strengthen Market 
Sentiment While on-chain metrics remain a focus, institutional developments 
may also play a role in shaping XRP’s future trajectory. Hong Kong-based 
investment firm HashKey Capital recently announced the launch of the HashKey 
XRP Tracker Fund—the first XRP-focused investment vehicle in Asia. Backed by 
Ripple as the anchor investor, the fund is expected to transition into an 
exchange-traded fund (ETF) in the future. The initiative is designed to 
attract more institutional capital into the XRP ecosystem. HashKey Capital is 
launching Asia’s first XRP Tracker Fund—with @Ripple as an early investor. 
This marks a major step in expanding institutional access to XRP, the third- 
largest token by market cap. 🧵👇 — HashKey Capital (@HashKey_Capital) April 18, 
2025 HashKey Capital has also indicated that this collaboration with Ripple 
could lead to further projects, including tokenized investment products and 
decentralized finance (DeFi) solutions. Related Reading: XRP To $50? Technical 
Analyst Lays Out The Roadmap Vivien Wong, a partner at HashKey, emphasized the 
strategic value of integrating Ripple’s network with regulated investment 
infrastructure across Asia. Although the altcoin faces near-term pressure, 
long-term developments, including decreasing exchange reserves and rising 
institutional interest, may support its recovery as the broader market 
stabilizes. Featured image created with DALL-E, Chart from TradingView

Despite an 18% Drop, XRP’s Exchange Supply Hits Lows—Bullish Setup Ahead?

Chinese purchases of U.S. Treasuries rose in February, when the Trump 
Administration enacted a 10% tariff on any imports coming from the Asian 
country. According to the Treasury International Capital (TIC) reporting 
system, China increased its U.S. debt holdings to $784.3 billion, up from 
$760.8 billion. Japan, another country heavily affected by these tariff 
measures, […]