Since bitcoin briefly dipped below global averages in South Korea on April 9, the past ten days have seen the coin fetch a premium, touching 2.97% above international benchmarks. Seoul’s Bitcoin Premium Hits 3% With fewer high- return domestic investment avenues, South Koreans often gravitate toward cryptocurrencies such as bitcoin. Ten days ago, amid a market […]

Won vs. Dollar: Diverging Bitcoin Prices Hint at Market Inflection

JPMorgan signals a major shift in market sentiment, highlighting fading 
bitcoin demand as gold captures massive inflows and reasserts dominance in the 
global safe-haven race. JPMorgan Warns Bitcoin Is Losing Ground to Gold as 
Global Flows Shift Dramatically JPMorgan Chase analysts stated Wednesday that 
bitcoin is no longer riding the wave of safe-haven demand, contrasting […]

JPMorgan Says Bitcoin’s Safe-Haven Appeal Is Crumbling Fast

The Bank for International Settlements&#8217; (BIS) push to isolate crypto markets 
and its controversial recommendations on DeFi and stablecoins is &#8220;dangerous&#8221; 
for the entire financial system, warns the CEO of a blockchain investment 
firm.
&#8220;Many of their recommendations and conclusions &#8211; perhaps due to a mix of fear, 
arrogance or ignorance&#8211;are completely uninformed and frankly, dangerous,&#8221; 
CoinFund president Christopher Perkins said in an April 19 X post, referring 
to the BIS April 15 report titled &#8220;Cryptocurrencies and decentralized finance: 
functions and financial stability implication.&#8221;
## BIS recommendations exposes TradFi to risks of &#8220;unimaginable scale&#8221;
&#8220;Crypto is not communism,&#8221; Perkins said, pushing back against the BIS&#8217;s call 
for a &#8220;containment&#8221; approach to isolate crypto from traditional finance and 
the broader economy.
&#8220;It&#8217;s the new internet that provides anyone with a connection access to 
financial services,&#8221; Perkins said. &#8220;You cannot control it anymore than you 
control the internet,&#8221; he added.
Perkins warned that a containment approach to crypto would expose the 
traditional financial system to massive liquidity risks &#8220;of unimaginable 
scale,&#8221; especially when the crypto market operates in real-time, 24/7, while 
traditional financial markets shut down after trading hours.
&gt; &#8220;If implemented they will cause&#8211;not mitigate&#8211;the systemic risk they seek 
&gt; to prevent.&#8221;
The report warned that the number of investors and amount of capital in crypto 
and DeFi have &#8220;reached a critical mass,&#8221; with investor protection becoming a 
&#8220;significant concern for regulators.&#8221;
_Source:__Michael Egorov_
Perkins pushed back against the BIS&#8217; claim that DeFi presents significant 
challenges, arguing instead that it represents a &#8220;significant improvement&#8221; 
over the &#8220;opacity&#8221; and imbalances of the traditional financial system.
_**Related:**__**Crypto industry is not experiencing regulatory capture &#8212; 
Attorney**_
Responding to the BIS&#8217;s concern about the anonymity of DeFi developers, 
Perkins questioned its relevance:
&gt; &#8220;Sorry, but when was the last time a TradFi company published a list of its 
&gt; developers? Sure, public companies provide a degree of disclosures and 
&gt; transparency, but they seem to be dying off in favor of private markets.&#8221;
Perkins also critiqued the BIS&#8217;s concern around stablecoins that it could lead 
to &#8220;macroeconomic instability in countries like Venezuela and Zimbabwe.&#8221;
&#8220;If there is demand for USD stablecoins and it helps improve the condition of 
anyone in the developing world, perhaps that is a good thing,&#8221; Perkins said.
_Source:__Christopher Perkins_
Perkins wasn&#8217;t alone in criticizing the controversial report. Lightspark co- 
founder Christian Catalini also weighed in, posting a series of critiques on X 
that same day. Catalini summed up the report with the analogy:
&#8220;Think: writing parking regulations for a fleet of self‑driving drones &#8212; 
earnest work, two technological leaps behind.&#8221;
_**Magazine:**__**Altcoin season to hit in Q2? Mantra &#8216;s plan to win trust: 
Hodler&#8217;s Digest, April 13 &#8211; 19**_

‘Crypto is not communism’ — Exec slams BIS' take on crypto

Over the past trading week, Bitcoin (BTC) failed to make any significant price 
breakout, experiencing rejections at the $86,000 price region. While the 
market suffered no major price pullback, the high level of sideways price 
movement indicates a strong investor uncertainty. Interestingly, popular 
market analyst with X username Daan Crypto has provided an insightful 
technical analysis on the BTC market, highlighting the present barriers that 
are restricting an upward price movement. Related Reading: Bitcoin In Peril? 
Expert Warns Of China’s Alleged Scheme To Crash BTC To $40,000 Bitcoin 
Multiple Barriers: 200-Day EMA, 200-Day MA, And Diagonal Trendline In Focus 
Since hitting a new all-time high in late January, Bitcoin has slipped into 
heavy correction, losing over 22% of its market price. The majority of the 
price loss has been linked to international trade tariff crises, which have 
forced investors to seek relief in less risky assets. However, a pause in new 
tariffs and an onset in global negotiations soon accompanied a price rebound 
seen in early April. Albeit, Bitcoin is now struggling to break out of the 
$84,000-$86,000, forming a tight consolidation range. In performing a 
technical analysis on the current BTC market, Daan Crypto has identified the 
three resistance factors that have been active in the specified price zone. 
The first price opposition is a diagonal downtrend line formed by Bitcoin’s 
consistent lower lows and lower highs amidst the price correction in the past 
three months. To establish any intent of a trend reversal, Bitcoin bulls must 
force a convincing price breakout above this long-standing diagonal 
resistance. Other critical indicators are the 200-day Exponential Moving 
Average (EMA) and 200-day Simple Moving Average (MA), both of which provide an 
average of the past 200 days&#8217; prices, with the EMA giving more weight to 
recent prices. The 200-day EMA is important in spotting medium-to-long-term 
trend changes as it reacts faster to any price change than the 200-day MA, 
which is a classic long-term indicator. However, Bitcoin must move above both 
indicators to break out of its consolidation and perhaps experience a full 
price recovery. Related Reading: Solana Price Enters Consolidation Trend Above 
$130 That Could End In A Breakout Bitcoin Ultimate Resistance At 
$90,000-$91,000 Despite Bitcoin&#8217;s struggles in the $84,000-$86,000 price zone, 
Daan Crypto has warned that the asset’s ultimate test of a price reversal is 
at the $90,000-$91,000 price range, which served as a key support in the 
earlier phase of the bull cycle. A successful reclaim of this range would 
place Bitcoin back into the bullish trading zone, signaling a potential 
resumption of the broader bull market. At press time, BTC continues to trade 
at $84,868 following a 0.13% gain in the past day. Meanwhile, the daily 
trading volume is down by 42.34% and valued at $12.52 billion. Featured image 
from iStock, chart from Tradingview

Bitcoin Faces Triple Resistance As Price Rejection Persists

Corporate bitcoin adoption is exploding as institutions pour billions into 
BTC, signaling the end of altcoin hype and the rise of crypto’s fundamental- 
driven future. ‘No More Alt Season’: Bitwise CIO Declares End of Speculation 
Era in Crypto Bitwise Asset Management executives are signaling a shift in the 
crypto landscape, as their newly released Corporate Bitcoin […]

‘Mainstream Era Has Started’: Bitwise CEO Signals Bitcoin’s Institutional Breakout

Large investors are buying Bitcoin at record levels, which may be the 
precursor to a price explosion. Recent statistics indicate that these large 
holders, or &#8220;whales,&#8221; are acquiring around three times the amount of daily 
Bitcoin produced by miners as the cryptocurrency sits at key price levels. 
Related Reading: Bitcoin Dominates Q1: Altcoin Season Nowhere In Sight—Report 
Whales Purchase At Record Levels While Exchanges Witness Outflows According to 
Glassnode information, investors possessing between 100 and 1,000 Bitcoins are 
buying up the cryptocurrency aggressively. These giant holders are at present 
taking on over 300% of the annual supply emission of Bitcoin. Meanwhile, large 
crypto exchanges are seeing steady outflows of Bitcoin. This indicates that 
increasing numbers of whales and large holders are taking their assets to 
long-term storage instead of leaving them on hand for trading. Market 
observers view this exodus from exchanges as a sign of improving confidence in 
the long-term worth of Bitcoin. Most of these large investors have persisted 
in buying when prices drop, viewing downturns as opportunities to increase 
their positions rather than sell. Onchain analysts have reported that this 
activity is reminiscent of trends during Bitcoin&#8217;s 2020 bull cycle. Technical 
Indicators Reflect Key Resistance Points Bitcoin is now testing its 50-day and 
200-day exponential moving averages as points of resistance. Based on previous 
examination by analysts, these levels are approximately $85,500. A pullback 
could occur if Bitcoin does not manage to breach the technical barriers. The 
next important support lies at about $80,000 on the upper trendline of the 
current wedge formation. A narrow price range has existed for some time, 
between about $75,000 and $85,000. This period of lackluster volatility, 
combined with substantial buying pressure, may well suggest that accumulation 
is occurring behind the scenes in anticipation of a large price move. Related 
Reading: BNB Weathers The Storm Better Than Altcoins, Stats Show Three-Month 
Correction Follows Typical Bull Market Trend The price of Bitcoin is now back 
to correction after almost three months since reaching highs near $100,000 
earlier in the year. The price has seen a drop of nearly 30% since then. 
According to analysts, this drop follows the typical trend of previous bull 
markets. A decrease of 25-35% occurring midway through the cycle would usually 
denote a situation from which the prices would then continue up once again. 
Featured image from Pexels, chart from TradingView