Blockchain infrastructure provider Reservoir is sunsetting its NFT services just two months after raising $14 million to expand its tools to new marketplaces. Reservoir, a crypto infrastructure startup that secured $14 million in Series A funding earlier this year, will…

Reservoir, infra provider for Coinbase and MetaMask, shuts down NFT services

#### Key takeaways:
 * Spot Bitcoin ETF inflows are at their highest since January 2025.
 * Inflows to exchanges down to levels last seen in December 2016.
 * Bitcoin&#8217;s negative funding rates could set up a short squeeze.
 * BTC price is above major moving averages, which can now provide support.
Bitcoin&#8217;s (BTC) price rose to a new range high at $94,700 on April 23, its 
highest value since March 2.
Several analysts say the next psychological resistance remains at $95,000, and 
the price might drop to test support levels below.
&#8220;The $94K-$95K zone is clearly the resistance to beat,&#8221; said Swissblock in an 
April 24 post on X.
The onchain data provider asserted that the next logical move for Bitcoin 
would be a pullback toward the $90,000 zone to gain momentum for a move 
higher.
&gt; &#8220;The $89K-$90K zone could be next to test bulls, but with BTC&#8217;s structure 
&gt; strength, these dips are for buying.&#8221;
_BTC/USD chart. Source:__Swissblock_
Popular Bitcoin analyst AlphaBTC opined that the asset will likely consolidate 
in the $93,000-$95,000 range &#8220;before pushing higher to take liquidity above 
100K.&#8221;
_Source:__AlphBTC_
Several bullish signs suggest that BTC is well-positioned to break above 
$95,000 in the following days or weeks.
## Bitcoin ETF demand rebounds
One factor supporting the Bitcoin bull argument is resurgent institutional 
demand, reflected by significant inflows into spot Bitcoin exchange-traded 
funds (ETFs).
On April 22 and April 23, spot Bitcoin ETFs saw a net flow totaling $936 
million and $917 million, respectively, as per data from SoSoValue.
As Cointelegraph reported, these inflows have been the highest since January 
2025 and more than 500 times the 2025 daily average.
_Spot Bitcoin ETF flows. Source: SoSoValue_
This trend reflects growing confidence among traditional finance players, as 
observed by market analysts like Jamie Coutts, who noted global liquidity 
hitting new all-time highs, historically fueling asset price rallies.
_Source:__Jamie Coutts_
Institutional buying creates sustained upward pressure on Bitcoin&#8217;s price by 
absorbing the available supply.
## Less BTC supply on crypto exchanges
The trend of decreasing Bitcoin exchange inflows continues, suggesting a 
potential reduction in sell pressure.
The total amount of coins transferred to the exchanges has dropped from a 
year-to-date high of 97,940 BTC on Feb. 25 to 45,000 BTC on April 23, as per 
data from CryptoQuant.
This is reinforced by a reduction in the number of addresses depositing 
Bitcoin to exchanges, which has been &#8220;steadily declining since 2022,&#8221; 
according to CryptoQuant analyst Axel Adler Jr.
He highlights that this metric&#8217;s 30-day moving average has dropped to 52,000 
BTC, a level last seen in December 2016.
&#8220;This trend is bullish in itself,&#8221; as it represents a fourfold reduction in 
coin sales over the last three years, the analyst said, adding:
&gt; &#8220;Essentially, this represents growing HODL sentiment, which significantly 
&gt; reduces selling pressure, creating a foundation for further growth.&#8221;
_Bitcoin exchange depositing address count. Source:__CryptoQuant_
## Negative funding rates can fuel BTC rally
Bitcoin price has rebounded to levels last seen in early March, but futures 
trades are not entirely on board yet.
Bitcoin&#8217;s perpetual futures funding rates remained negative between April 22 
and April 23, despite the price rising by 11% over the same period, data from 
Glassnode shows.
_Bitcoin perpetual futures funding rates. Source: Glassnode_
Negative funding rates imply that shorts are paying longs, reflecting a 
bearish sentiment that can fuel a short squeeze as prices rise.
_**Related:**__**Bitcoin is the &#8216;cleanest shirt in the dirty laundry&#8217; &#8212; 
Bitfinex**_
In an April 22 post on X, CryptoQuant contributor Darkfost highlighted a 
similar divergence in Bitcoin&#8217;s price and Binance funding rates.
&#8220;Whereas BTC continues to climb, funding rates on Binance have turned 
negative, currently sitting at around -0.006 at the time of writing,&#8221; Darkfost 
explained.
He added that this is a rare occurrence, which has historically been followed 
by significant rallies, like Bitcoin&#8217;s surge from $28,000 to $73,000 in 
October 2023, and from $57,000 to $108,000 in September 2024.
_Bitcoin funding rates on Binance. Source: CryptoQuant_
If history repeats itself, Bitcoin may rally from the current levels, breaking 
above the resistance at $95,000 toward $100,000.
## Bitcoin trades above the 200-day SMA
On April 22, Bitcoin price rose above a key level: the 200-day simple moving 
average (SMA) currently at $88,690, fueling a marketwide recovery.
The last time the BTC price broke above the 200-day SMA, it experienced a 
parabolic move, rallying 80% from $66,000 on Oct. 14, 2024, to its previous 
all-time high of $108,000 on Dec. 17.
This level should provide significant support as Bitcoin trades above this key 
trendline. But if it doesn&#8217;t hold, the following levels to watch will likely 
be $84,379, the 50-day SMA, and the $80,000 psychological level.
_BTC/USD daily chart. Source: Cointelegraph/__TradingView_
For the bulls, the resistance levels at $95,000 and $100,000 are the primary 
ones to watch. Rising above that would pave the way for a run toward the Jan. 
20 all-time high above $109,000.
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.

Bitcoin's next big resistance is $95K— What will trigger the breakout?

The Paraguayan Industrial Union (UIP) stated that if demand continues to rise 
due to the growth of bitcoin mining activities, Paraguay&#8217;s power grid could 
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Might Spur Energy Collapse in Paraguay by 2029 Paraguay, a […]

Alert: Bitcoin Mining Could Collapse Paraguay’s Power Grid by 2029

The Dogecoin and Shiba Inu prices have seen major price surges over the last 
few days. In one day alone, both meme coins saw their values skyrocket by more 
than 10%, putting them on the path to recovering their lost gains from the 
last few months. As these increases excite investors, let’s take a look behind 
the curtain and see what it is that has been driving this price recovery. 
Donald Trump To Go Easy On China The crypto market crashes that began in 
January 2025 were spurred by US President Donald Trump’s tariff wars with 
other countries, mainly China, that seemingly came out of nowhere. As the 
president had placed tariffs on China, the country had retaliated with its own 
tariffs on the US, triggering an all-out tariff war. Additionally, over 180 
countries were hit with Trump’s tariffs, sending the market into disarray. 
Related Reading: Dogecoin Price Rebound: Why DOGE Is On The Verge Of 333% 
Rally Toward $0.7 In early April, though, Trump announced that he would be 
suspending tariffs on all the other countries for 90 days, excluding China. 
This is to give time for negotiations as other countries come to the table. 
However, it seems the president is also looking favorably on China with the 
latest announcement. Earlier this week, Donald Trump said in an interview in 
the Oval Office that the tariffs on China are not expected to be high. To put 
this in context, the US currently has 145% tariffs on China, and both 
countries are expected to be in negotiations. According to the US president, 
“it won’t be anywhere near that high. It will come down substantially, but it 
won’t be zero.” Once this news got out, the market responded very positively. 
For one, the Bitcoin price went from $84,000 to $94,000, adding over $100 
billion to its market cap in a matter of hours. This rally naturally rubbed 
off on the likes of Dogecoin and Shiba Inu, sending their prices rocketing in 
the same time frame. Dogecoin And Shiba Inu Prices React In the aftermath of 
the Trump announcement, Dogecoin and Shiba Inu saw a significant rise in 
interest from crypto investors. For Dogecoin, its daily trading volume bounced 
over 100% on Wednesday to cross $2 billion. Its price then rose from below 
$0.17 to above $0.18 in a matter of hours, according to data from 
CoinMarketCap. Related Reading: Is The Bitcoin Price Top In At $109,000 
Already? What The MVRV Z-Score Says In the same vein, the Shiba Inu trading 
volume for Wednesday rose 88% to cross $315 million, one of its highest daily 
trading volumes so far for the month of April. Similarly to Dogecoin, the 
Shiba Inu price rose by more than 10% to go from its daily low of $0.00001288 
to $0.0000189. With two months still left to go in Trump’s 90-day freeze 
window, the prices of cryptocurrencies are expected to keep rising across the 
board. Naturally, Dogecoin and Shiba Inu are expected to lead the meme coin 
rally as the top two largest cryptocurrencies in this category. Chart from 
Tradingview.com

Why Did The Dogecoin And Shiba Inu Prices Surge Over 10%?

Bithumb has issued a security warning to its Korean users following a 
significant data leak at SK Telecom, South Korea&#8217;s largest mobile carrier. 
South Korea&#8217;s cryptocurrency exchange Bithumb has alerted its customers after 
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This content is provided by a sponsor. PRESS RELEASE. April 23, 2025 – Geneva, 
Switzerland – TRON DAO today announced that the total circulating supply of 
Tether ( USDT) on the TRON blockchain has exceeded $70 billion. This 
achievement reflects growing user demand for cost-efficient, high-speed 
blockchain-based solutions, particularly in emerging markets and cross-border 
transactions. […]