Coinbase confirms that it is actively considering appyling for a banking license in the United States.

Coinbase confirms it is ‘actively considering’ U.S. banking license

The top digital asset roared past $90K on Tuesday morning as both traditional 
and crypto markets saw positive momentum despite Trump fumbling a trade deal 
with Japan. BTC Rally Defies Trade War Fears, Hits $90K Milestone Markets have 
been going haywire lately due to unresolved tariff concerns, but stock 
indices, the crypto market, and bitcoin, […]

Bitcoin Tops $90K as Markets Rebound Despite Tariff Friction

Bitcoin-to-gold ratio risks 35% decline following Wall Street's $13T wipeout

The collaboration could significantly impact the financial landscape by 
integrating traditional finance with digital assets, potentially boosting 
market growth.
The post Trump Media seals deal with Crypto.com to launch ETFs tracking BTC, 
CRO appeared first on Crypto Briefing.

Trump Media seals deal with Crypto.com to launch ETFs tracking BTC, CRO

Trade wars, collapsing confidence, and stubborn inflation have kept 
Polymarket’s recession odds at 57%—signaling a bumpy economic road ahead. 
Economy on Edge This year, U.S. recession odds have climbed amid escalating 
tariffs, reciprocal trade measures, waning business confidence, decelerating 
job growth, and enduring inflation, all of which are chipping away at economic 
stability and dimming […]

Is a Recession Locked In? Traders Assign High Odds to Economic Trouble Ahead

Bitcoin (BTC) hit six-week highs on April 22 as US trade war tensions 
emboldened crypto bulls._BTC/USD 1-hour chart with 200SMA. Source: 
Cointelegraph/TradingView_
## Bitcoin lines up resistance flips around $90,000
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD above 
$91,000 after the Wall Street open &#8212; its highest since March 7.
Bitcoin and gold benefited from increasing market nerves over how China, Japan 
and others would respond to US trade tariffs.
XAU/USD set fresh all-time highs on the day, while BTC/USD faced a key bull 
market support trend line that has been acting as resistance since early 
March.
_BTC/USD 1-day chart with 200SMA. Source: Cointelegraph/TradingView_
For traders, the 200-day simple moving average (SMA) at $88,370 thus became 
the level to flip back to support on daily timeframes.
&#8220;Closing in on the big $90K-$91K horizontal area which acted as the previous 
range low,&#8221; popular trader Daan Crypto Trades wrote in part of ongoing 
analysis on X.
An accompanying chart showed the need to crack the area around $93,000 &#8212; 
Bitcoin&#8217;s yearly open &#8212; to confirm the moving average reclaim.
_BTC/USDT perpetual contract 1-day chart. Source: Daan Crypto Trades/X_
Continuing, Keith Alan, co-founder of trading resource Material Indicators, 
had similar views.
&#8220;If history has taught us anything, it&#8217;s important to watch for fake outs and 
confirmations,&#8221; he noted.
&gt; &#8220;IMO, confirmation of the trend reversal will come when BTC reclaims the 
&gt; Yearly Open. That move will put price on a trajectory to unwind the key 
&gt; moving averages and deliver a series of Golden Crosses in the days and weeks 
&gt; ahead.&#8221;
_BTC/USD 1-day chart. Source: Keith Alan/X_
## BTC price rebound skepticism remains
Fellow trader Roman, meanwhile, was among those staying cautious on the 
validity of a short-term BTC price swing.
_**Related:**__**US dollar goes &#8216;no-bid&#8217; &#8212; 5 things to know in Bitcoin this 
week**_
&#8220;Price now retesting prior support as resistance for now. A breakout above 93k 
would be great for bulls, however, I&#8217;m unsure if we get it,&#8221; he told X 
followers about the weekly chart.
&gt; &#8220;Wait for weekly close before you make assumptions or get excited. We&#8217;ve 
&gt; seen so many fakeouts before. 5 days left!&#8221;
_BTC/USD 1-week chart with 200SMA. Source: Cointelegraph/TradingView_
Also unsure that the move would last was popular analytics resource 
Ecoinometrics, which acknowledged that Bitcoin ultimately lost out when the 
Nasdaq 100 index was below its own 200-day SMA.
&#8220;Bitcoin is climbing. The NASDAQ is sliding. That kind of divergence doesn&#8217;t 
usually last,&#8221; it summarized on the day.
&gt; &#8220;Historically, when the NASDAQ&#8217;s 200-day moving average trend is down, 
&gt; Bitcoin runs into macro headwinds.&#8221;
_BTC/USD vs. Nasdaq 100 chart. Source: Ecoinometrics/X_
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.