Insightful Data Blob of Cryptocurrencies

Anchorage Digital has announced that it will offer investment giant BlackRock its array of institutional cryptocurrency custody solutions. The custody service provider will extend its services to a range of BlackRock’s spot crypto exchange-traded funds (ETFs) as part of the deal. Anchorage and BlackRock Forge Partnership For Crypto Custody Solutions According to the press release, The post BlackRock Taps Anchorage Digital For Crypto Custody Solutions appeared first on CoinGape.

Bitcoin fell below $77K as Trumps confirmation of 104% China tariffs fueled recession fears, erased stock gains, and revived rate cut bets. The post Bitcoin drops below $77K as US confirms 104% tariffs on China appeared first on Crypto Briefing.

Bitcoin’s surprise rebound to $81,180 — which was influenced by fake news regarding a pause on US tariffs — has all but evaporated following White House confirmation that 104% tariffs on China will take effect today at 12:01 am on April 9.S&P 500 drops intra-day gains follow White House tariff confirmation. Source: X / Kobeissi LetterAfter dropping below the $75,000 level for the first time since Nov. 6, 2024, BTC retested a key demand zone that traders hope will provide a safe haven for the bulls.The safe haven is a fair value gap located between $77,000 and $73,400, and this zone was created during the November 2024 Trump pump.BTC/USD daily chart. Source: Cointelegraph/TradingViewMN Capital founder Michael van de Poppe had earlier asserted that Bitcoin needed to retest this zone “before going back upward.”“Bitcoin attacking $80,000 is a strong sign,” said van de Poppe in another X post on April 8, adding:“I don’t know whether we’ll be having another drop or whether we’ve seen it all.”BTC/USD daily chart. Source: Michael van de PoppeFellow analyst Jelle shared similar sentiments, saying that Bitcoin’s close above $79,000 on April 7 after dropping as low as $74,400 was impressive compared to how equities performed.“Waiting for the dust to settle - expecting the price to move higher once that happens.”Related: Bitcoin may rival gold as inflation hedge over next decade — Adam BackBitcoin’s long-term holders’ activity spells doom for BTC priceData from onchain analytics platform CryptoQuant now shows that the long-term holders (LTHs) — individuals and entities who have held Bitcoin for more than 155 years — could be preparing to sell their coins, particularly after the latest crash.The Exchange Inflow Coin Days Destroyed (CDD) metric measures the volume of Bitcoin moved to exchanges, weighted by how long those coins were held dormant, indicating potential selling pressure from long-term holders.There was a massive spike in this metric on April 7, signaling that the old coins are waking up, which is historically a bearish sign. A chart posted by a CryptoQuant contributor, IT Tech, in one of its “Quicktake” blog posts showed that when the metric spiked on April 2, Bitcoin price dropped from $88,000 to $81,000.A similar spike was seen on March 27, preceding a 7% drop in price over two days.Spotting a similar spike on April 7, the analyst wondered whether Bitcoin’s “ long-term holders preparing to sell again?”Bitcoin: Exchange Inflow CDD. Source: CryptoQuantIf history repeats itself, Bitcoin’s sell-off could continue for a few more days, with the March 2024 all-time high near $74,000 presenting the first line of defense.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.

Solana developers are pushing for new frontiers in the ecosystem with the launch of the Confidential Balances Token Extension. Now live on the mainnet, the developers described Confidential Balances as the “first ZK-powered encrypted token standard built for institutional compliance.” Using this technology will come without a need to sacrifice the sub-second finality that Solana The post Solana Unveils Confidential Balances Token Extension, Here’s Everything to Know appeared first on CoinGape.

The rise of Bitcoin in forex trading highlights a shift towards digital assets, challenging traditional fiat systems and influencing market dynamics. The post Bitcoin vs fiat in forex trading: Which one offers more advantages? appeared first on Crypto Briefing.

Previous crises saw the world's largest cryptocurrency tumble 50-70%, the report said.

The leading digital asset traded as high as $80K on Tuesday morning before retreating below $77K as traditional markets saw some reprieve. Bitcoin Slides as Major Stock Indices Post Gains The three major stock indices all posted gains on Tuesday, causing bitcoin to reclaim $80K, during early trading, but the cryptocurrency had already slid under […]

Richard Teng, CEO of Binance, has offered his viewpoint on the implications that increasing trade tensions will have on the cryptocurrency markets. He hypothesized that while there may be short-term volatility, the Bitcoin price could possibly gain from global economic uncertainties. Teng commented on the markets’ impact from what he refers to as “the resurgence The post Binance CEO Richard Teng Explains How Trade Tensions Could Strengthen Bitcoin appeared first on CoinGape.

Meme coin traders are howling at the moon over tokens linked to Colossal Biosciences’ “revival” of the extinct breed.

On Tuesday, XRP is currently priced at $1.86 to $1.90, with a total market capitalization of $110.90 billion and a 24-hour global trading volume of $5.579 billion. The cryptocurrency’s intraday trading range has fluctuated between $1.83 and $1.97, positioning it 43.9% below its all-time high of $3.40. XRP On the one-hour chart, XRP is demonstrating […]