Crypto Vesting – Page 37 – Just another WordPress site

Bitcoin price soars to $83.5K — Have pro BTC traders turned bullish?

US equities and crypto markets shifted dramatically on April 9 after US President Donald Trump announced a 90-day pause on his reciprocal tariffs, except for China. Bitcoin (BTC) price responded by surging by 5% in less than an hour, reclaiming the $83,000 level which was last seen on April 6.

While the S&P 500 gained 8%, Bitcoin derivative metrics have yet to turn bullish as traders remain cautious about changes in US long-term government bonds.

Bitcoin 2-month futures annualized premium. Source: Laevitas.ch

The BTC futures premium briefly rose above the neutral 5% threshold but failed to sustain its momentum. Investors were skeptical about whether the US Federal Reserve would lower interest rates throughout the year. However, this indicator has moved away from the 3% level observed on March 31, signaling growing confidence among Bitcoin bulls after several failed attempts to push prices below $76,000.

Bitcoin traders worry after 10-year

SEC approves options on spot Ether ETFs

The United States Securities and Exchange Commission (SEC) has approved options trading for multiple spot Ether exchange-traded funds (ETFs), a move that may broaden the investment appeal of Ether among institutional traders.

The SEC issued the approval on April 9 after reviewing a proposed rule change submitted by BlackRock for its iShares Ethereum Trust (ETHA) on July 22, 2024. Similar approvals were granted to Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Mini Trust (ETH), as well as Fidelity Ethereum Fund (FETH).

“[T]he Exchange proposes to amend its rules to permit the listing and trading of options on the Trust,” the SEC said in its response to the Nasdaq, adding:

The Exchange states that options on the Trust will provide investors with an additional, relatively lower cost investing tool to gain exposure to spot ether as well

Trade tensions to speed institutional crypto adoption — Execs

Mounting international trade tensions are rattling cryptocurrency markets — but they could also accelerate institutional crypto adoption, several industry executives told Cointelegraph.

Since US President Donald Trump announced sweeping tariffs on US imports on April 2, core cryptocurrencies experienced double-digit price swings, worsening an ongoing market rout starting earlier this year.

However, “[t]he silver lining is that economic uncertainty has historically accelerated institutional interest in digital assets as a diversification strategy,” David Siemer, co-founder and CEO of Wave Digital Assets, told Cointelegraph.

Bitcoin has already shown “signs of resilience” amid the market turbulence, underscoring the cryptocurrency’s potential as a hedge against geopolitical disruption, according to an April 7 Binance report.

Now, “[a]s traditional banking channels become entangled in geopolitical tensions, we’re witnessing increased demand for blockchain-based settlement solutions that operate outside conventional correspondent banking networks,” Siemer said.

Bitcoin and the

Bitcoin $100K target ‘back on table’ after Trump tariff pause supercharges market sentiment

Bitcoin (BTC) staged a sharp rebound after US President Donald Trump announced a pause on tariffs for non-retaliating countries, reigniting bullish momentum and raising hopes for a potential surge toward the $100,000 mark.

On April 9, BTC/USD surged by approximately 9%, reversing most of the losses it incurred earlier in the week, to retest $83,000. In doing so, the pair came closer to validating a falling wedge pattern that has been forming on its daily chart since December 2024.

A falling wedge pattern forms when the price trends lower inside a range defined by two converging, descending trendlines.

In a perfect scenario, the setup resolves when the price breaks decisively above the upper trendline and rises by as much as the maximum distance between the upper and lower trendlines.

BTC/USD daily price chart ft. falling wedge breakout setup. Source: TradingView

As of April

US Dollar Index (DXY) falls close to level that was followed by 500%+ Bitcoin price rallies

The Dollar Index (DXY) dipping below 100 has historically aligned with Bitcoin (BTC) bull runs, delivering gains of over 500% during the last two instances. Now, as trade tensions escalate and US Treasurys face sell-offs, some analysts believe China may be actively working to weaken the US dollar. This added pressure on the dollar heightens the likelihood that it could once again serve as a catalyst for another major Bitcoin rally.

Is China working to weaken the US dollar?

According to an April 9 Reuters report, China’s central bank has instructed state-owned lenders to “reduce dollar purchases” as the yuan faces significant downward pressure. Large banks were reportedly “told to step up checks when executing dollar purchase orders for their clients,” signaling an effort to “curb speculative trades.”

Some analysts have speculated whether China might be attempting to weaken the dollar in response

XRP price gains 13% after Trump 90-day tariff pause and XXRP ETF launch

XRP (XRP) price is up 13% on the day, trading above the $2 level after President Donald Trump announced a 90-day pause on all reciprocal tariffs, except for China, which saw an additional 125% hike in response to their counter-tariffs against the US.

XRP’s rally comes on the heels of additional positive news and the XXRP ETF being launched on the New York Stock Exchange (NYSE) Arca.

Despite the positive macroeconomic and TradFi crypto adoption news, XRP charts still caution that a sharp price downside could lie ahead.

Descending triangle pattern hints at a 33% drop

Since December 2024, XRP price has been forming a potential triangle pattern on its daily chart, characterized by a flat support level mixed with a downward-sloping resistance line.

A descending triangle chart pattern that forms after a strong uptrend is seen as

US wrestling star Ric Flair launches tokenized Telegram sticker pack

Legendary professional wrestler Ric Flair launched a tokenized sticker collection on Telegram on April 9, becoming the latest celebrity to launch a tokenized social project.

Spokespeople for the project told Cointelegraph they are considering rewarding early sticker holders with future perks, though no specifics were shared. Flair told Cointelegraph that the project was launched to drive community engagement and added:

“Telegram is where people are really showing up these days. It is global, it is fast, and the way people communicate there just felt like the perfect fit for what we are doing. These stickers are about energy, personality, and culture, and Telegram is the place to bring that to life.”

The wrestler’s tokenized sticker launch follows mixed-martial arts champion and Irish political candidate Conor McGregor’s memecoin launch on April 5, which failed and highlights the struggle of risk-on investments and digital assets amid the recent macroeconomic downturn.

Flair,

Bitcoin ‘significantly de-risked here’ as nearly 80% of cyclical price correction is done — Analyst

Bitcoin’s (BTC) futures market reflects a possible price cooldown after the cryptocurrency’s multiple weeks of correction. Data from CryptoQuant indicated that the BTC-USDT futures leverage ratio with respect to open interest (OI) has halved since peaking in early 2025.

Bitcoin estimated futures leveraged ratio. Source: CryptoQuant

This significant de-leveraging has occurred because of massive liquidations over the past few weeks, which has effectively taken a majority of traders out of the market. Thus, the current market conditions indicate a healthier market reset, which is not overheated and could potentially pave the way for a steady price recovery.

Bitcoin’s open interest dropped 28% from $71.8 billion on Dec. 18 to $51.8 billion on April 8. This underscores the magnitude of the current deleveraging event. Although this may induce short-term volatility, as few market players might

US President Donald Trump issues 90-day pause on reciprocal tariffs

United States President Donald Trump has issued a 90-day pause for “reciprocal tariffs,” and lowered the tariff rate to 10% on countries that do not retaliate with counter-tariffs.

However, the President also said he would increase the reciprocal tariff rate on China to 125% due to the country’s counter-tariffs against the US. Trump wrote in an April 9 Truth Social post:

“At some point, hopefully, in the near future, China will realize that the days of ripping off the USA and other countries is no longer sustainable or acceptable.”

According to data from TradingView, the S&P 500 index rallied by close to 7% and the Nasdaq is up roughly 8% following the announcement, showcasing the high volatility of capital markets amid the macroeconomic uncertainty and the potential for a protracted trade conflict.

Source: Donald J. Trump

Related: <a data-ct-non-breakable="null"

Kalshi accepts Bitcoin deposits in bid to woo crypto-native users

Prediction marketplace Kalshi has started taking Bitcoin (BTC) deposits in a bid to onboard more crypto-native users.

The company that lets users bet on events ranging from election outcomes to Rotten Tomatoes film ratings has seen a strong uptake among crypto traders, Kalshi told Cointelegraph on April 9. For instance, event contracts for betting on Bitcoin’s hour-by-hour price changes have seen $143 million in trading volume to date, a spokesperson said.

Kalshi is a derivatives exchange regulated by the US Commodity Futures Trading Commission (CFTC). As of April 9, it listed some 50 crypto-related event contracts, including markets for betting on coins’ 2025 highs and lows, as well as on headlines such as US President Donald Trump’s proposed National Bitcoin Reserve.

Kalshi has doubled down on crypto event contract markets. Source: Kalshi

The platform started accepting crypto payments in October when it enabled