The Ethereum price bounced back this week as investors bought the dip, and the Fear and Greed Index exited the fear zone. Ethereum (ETH) rose to $1,800, up 30% from its lowest level this year. The rebound, which coincided with…

Ethereum price eyes $2,000 as spot ETH ETFs buck worrying trend

Meta has reportedly laid off over 100 employees part of Reality Labs, its 
metaverse-focused division. According to reports, the layoffs impacted ongoing 
efforts to create experiences for Meta&#8217;s virtual reality (VR) headsets and the 
division in charge of developing VR and metaverse hardware. Meta spokesperson 
Tracy Clayton acknowledged that layoffs did happen, stating that some […]

Meta Lays off Over 100 Metaverse Division Employees

**Key takeaways:**
 * Data suggests that Bitcoin currently trades at a 40% discount. 
 * Over 36,000 Bitcoin were withdrawn from Coinbase and Binance on April 25. 
 * Bitcoin&#8217;s fractal pattern from Q4 2024 could propel prices above $100,000 in April. 
Bitcoin (BTC) is currently trading at a 40% discount to its intrinsic value, 
according to Capriole Investments founder Charles Edwards.
In a recent post on X, Edwards highlighted that since the April 2024 halving, 
which reduced block rewards to 3.125 BTC, Bitcoin&#8217;s energy value&#8211;an estimate 
based on mining costs and energy consumption&#8211;stands at $130,000.
_Bitcoin &#8216;s intrinsic value based on energy consumption, and market price. 
Source: X.com_
Recent data from CryptoQuant indicated that over 8,756 BTC ($830 million) were 
withdrawn from Coinbase on April 24. Negative netflows from Coinbase could 
point toward institutional buying, or ETF-related purchases reflecting 
underlying demand.
_Bitcoin exchange netflows on Coinbase. Source: CryptoQuant_
This development lines up with the spot Bitcoin ETF inflows witnessed this 
week. Bloomberg ETF analyst Eric Balchunas suggests that institutions went on 
a $3 billion &#8216;Bitcoin bender&#8217; over the past few days.
Binance also witnessed exchange outflows of 27,750 BTC on April 25. Alphractal 
founder Joao Wedson noted that &#8220;this is the third largest Bitcoin outflow in 
the exchange&#8217;s history.&#8221; Although large outflows and positive price action 
suggest bullish tailwinds, Wedson said they do not automatically mean a 
continued rally. The analyst said,
&gt; &#8220;In 2021, massive outflows didn&#8217;t prevent the dump triggered by China&#8217;s 
&gt; crypto ban (April-May). On the other hand, continuous outflows over several 
&gt; days, like during the FTX collapse, signaled a bottom and recovery.&#8221;
_**Related: Bitcoin ETFs on $3B &#8216;bender,&#8217; log first full week of inflows in 5 
weeks**_
## Can this Bitcoin fractal push BTC above $100K in April?
Bitcoin&#8217;s weekly performance marks its highest return in 2025 and its most 
significant uptick since November 2024. Besides similar returns, the BTC price 
also reflects identical price action.
_Bitcoin 1-day chart. Source: Cointelegraph/TradingView_
As illustrated in the 1-day chart, Bitcoin is consolidating at a higher range 
after its breakout, mirroring its behavior from Q4, 2024. (circled). After a 
13% rise between Nov. 5-9, BTC posted another 15% increase during Nov. 10-11. 
The breakout took place during the weekend as well.
Similarly, BTC prices have risen 11% between April 21-25. With the relative 
strength index (RSI) also exhibiting similar buying pressure, a 7-10% jump 
over the next few days could take BTC above $100,000.
While fractal patterns may repeat, they aren&#8217;t perfectly reliable. Unlike Q4, 
when Bitcoin entered price discovery and rallied without resistance, the 
current overhead resistance level at $96,100 could impede a breakout.
_**Related: Bitcoin spikes to 7-week highs as analyst doubts chances of $100K 
rebound**_
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 trades at ‘40% discount’ as spot BTC ETF buying soars to $3B in one week

Last week marked three weeks of tariff drama, rate cut speculation, and crypto 
chaos, leaving markets—and market watchers—exhausted. This editorial is from 
last week’s edition of the Week in Review newsletter. Subscribe to the weekly 
newsletter to get the editorial the second it’s finished. Markets Need To 
Catch Their Breath From Sunday through Friday morning, […]

I’m Tired Boss

A top Korean Elliott Wave expert has forecasted that XRP may move between $10 
and $40 over the next few months, which reflects possible gains of as much as 
1,726% from current market levels. XForceGlobal, Korea&#8217;s first ever certified 
Elliott Wave analyst, is of the view that the cryptocurrency has entered the 
completion phase of its correction cycle and now stands ready to go into a big 
bull run. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, 
Justin Sun Says Technical Pattern Signals End Of Downward Trend XRP has 
completed what technical analysts term a &#8220;WXY corrective pattern&#8221; as per 
XForceGlobal. The technical pattern has often indicated that a period of a 
pullback is concluding. The analyst said Wave W was the initial response of 
the market to profit-taking once XRP had risen six times in price. Wave X 
momentarily picked up the upward trend with minimal momentum before Wave Y 
concluded the correction with another orderly downward trajectory. The 
cryptocurrency fell approximately 50% from its January 2025 peak of $3.33 to a 
low of $1.638. However, it has since rebounded by 34% to trade at $2.20 at the 
time of reporting. $XRP We&#8217;ve been calling for this exact pullback for months. 
We are inching that much closer to a historic breakout to $10+. Progress may 
be gradual, but it&#8217;s undeniable. https://t.co/QxWbJRPhMq 
pic.twitter.com/9lbnZjaTHz — XForceGlobal (@XForceGlobal) April 24, 2025 Price 
Targets Range From $10 To $40 XForceGlobal&#8217;s analysis puts XRP in wave 2 of a 
bigger fifth wave, indicating the next big move would be a strong wave 3. The 
analyst has had a minimum target of $10, which would be a 350% rise from 
current levels. His upper target of $40 would be an unprecedented 1,726% rise. 
The prediction relies on Elliott Wave Theory, which tries to foresee market 
movements through patterns of investor sentiment expressing themselves in 
price waves. The predictions rely on the strength and expansion of waves 3 and 
5 within the overall structure of the market. Korean Markets Act As Leading 
Indicators XForceGlobal pointed out that Korean cryptocurrency exchanges play 
a vital role in the prediction of XRP price fluctuations. In the opinion of 
the analyst, Korean markets have in the past led in the recognition of 
significant XRP tops and bottoms. The similarity between XRP&#8217;s Korean won 
(KRW) chart and its US dollar chart was highlighted as especially significant. 
&#8220;We&#8217;re seeing the same structure on both charts. That adds conviction that 
wave 2 may be complete,&#8221; the analyst said. Related Reading: Ethereum ‘Heating 
Up’ – Address Activity Jumps Nearly 10% In 2 Days Investment Strategy 
Recommendations Although the recent 40% advance from lows is the current 
state, XForceGlobal described recent short-term decline as typical market 
action. The analyst indicated that &#8220;smart money&#8221; is already accumulating in 
XRP as retail interest starts coming back. XForceGlobal compared the strength 
of XRP&#8217;s community against the reported dwindling enthusiasm for Ethereum and 
Solana. The last stage of this cycle might involve a vertical, parabolic price 
action, perhaps initiating a new wave of FOMO among investors. Featured image 
from CoinFlip, chart from TradingView

XRP Nearing Explosive Breakout—$10 Target In Sight, Expert Says

**Key takeaways:**
 * Based on power curve trends, Bitcoin may hit $200,000 in Q4 2025.
 * Bitcoin follows gold&#8217;s price trend with a 100-150 day lag.
Bitcoin&#8217;s (BTC) price has rallied 11% this week, its best weekly return in 
2025 and its highest seven-day growth since early November 2024. Bitcoin also 
reached $95,000 on April 25 for the first time since Feb. 24.
_Bitcoin 1-week chart. Source: Cointelegraph/TradingView_
21st Capital co-founder Sina mentioned that Bitcoin reclaimed the power-law 
price. The power law&#8217;s predictive accuracy stems from Bitcoin&#8217;s network growth 
following Metcalfe&#8217;s Law, where value scales with the square of users.
Based on Sina&#8217;s Bitcoin Quantile Model, reclaiming the power-law price keeps 
BTC on track to hit a price target of $130,000 and $163,000 before the end of 
2025.
_Bitcoin Quantile Model by Sina. Source: X.com_
As illustrated in the chart, Bitcoin is currently in the &#8220;Transition&#8221; range, 
where BTC accumulation occurs. Once it breaks into the &#8220;Acceleration&#8221; zone, 
the crypto asset enters the rally&#8217;s 33% to 66% range, progressively targeting 
$106,000, $130,000, and $163,000 over the next few months.
However, anonymous Bitcoin analyst apsk32 predicted BTC&#8217;s price target could 
be as high as $200,000 in 2025. The prediction is based on &#8220;Bitcoin power 
curve time contours,&#8221; which overlay Bitcoin&#8217;s price movements across four-year 
cycles (2013, 2017, 2021, and 2025). The chart suggests a strong performance 
in Q3 and Q4 of 2025, with the analyst noting that Bitcoin&#8217;s historical four- 
year cycle remains intact. The analyst said,
&gt; &#8220;Looking at two-year segments centered today, 4, 8, and 12 years ago. Price 
&gt; scaling performed using the power curve trendline. Expecting $200,000+ 
&gt; Bitcoin in Q4. Gold suggests we could go significantly higher.&#8221;
_Bitcoin Power Curve Time Contours chart. Source: X.com_
 _**Related: 5 Bitcoin charts predicting BTC price rally toward $100K by 
May**_
## Gold-Bitcoin lag may repeat Q4 rally
Since the beginning of 2024, Bitcoin and gold have posted new highs in the 
market, with each asset outperforming the other during specific periods.
As illustrated in the chart, Bitcoin and gold achieved new highs between March 
and August 2024. However, in Q3 2024, gold spearheaded the rally, surpassing 
Bitcoin&#8217;s performance. By Q4, Bitcoin regained momentum, outpacing the 
precious metal and maintaining its lead until March 2025, when gold again took 
the lead.
_Bitcoin gold price performance chart. Source: Cointelegraph/TradingView_
Gold is still leading BTC but has dropped 6% since hitting new highs, while 
Bitcoin has gained 11%. Cointelegraph reported that BTC tends to follow gold&#8217;s 
directional bias with a lag of 100-150 days. Based on that narrative, it is 
possible that Bitcoin could lead gold in the coming weeks. 
Similarly, the US Dollar Index (DXY) dropped to a new three-year low on April 
21, which further fueled the likelihood of a rally for risk assets. 
Cointelegraph reported that multi-year DXY lows have been historically bullish 
for Bitcoin. Crypto analyst &#8216;Venture Founder&#8217; also pointed out,
&gt; &#8220;Traditionally, DXY going down is very bullish for $BTC, we now have a 
&gt; massive bearish divergence for DXY, which may suggest it goes to 90. The 
&gt; last 2 times this happened triggered a Bitcoin parabolic bull run in the 
&gt; final phase of the bull market (lasting 12 months).&#8221;
_**Related: Bitcoin spikes to 7-week highs as analyst doubts chances of $100K 
rebound**_
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.