Headline inflation rose 0.9% last month, driven by the sharp rise in energy costs due to the Iran war.
Bitcoin Tests $72K as Middle East Truce Sparks Trader Caution
CNBC's “Squawk Box” team talks about the potential true identity of Bitcoin creator Satoshi Nakamoto after New York Times' investigative reporter John Carreyou discovers clues that it may be Adam Back, the co-founder and CEO of Blockstream. Back joins the team to discuss his denial.
Prediction markets indicate a 67% probability that Bitcoin will fall below $55,000 in 2026, with a 43% chance of dropping under $45,000. Combined with weakening liquidity and bearish technical signals, analysts suggest Bitcoin could decline toward the $47K–$38K range in the coming months.
Quantum-Safe Bitcoin Without a Soft Fork: Levy's Method
Bitcoin and Ether funds grabbed $443 million on April 9. Blackrock's IBIT fund led the charge with a massive $358.17 million haul, while Ether products like ETHA brought in another $85.19 million from hungry investors.
StarkWare has unveiled an innovative approach to protect Bitcoin transactions from quantum computing threats while preserving the network's existing protocol structure. This technical proposal demonstrates how security enhancements can be implemented within current operational parameters, despite increased transaction expenses.
Crypto ETFs staged a strong rebound, with bitcoin and ether both returning to solid inflows. XRP slipped modestly, while Solana activity remained absent. Key Takeaways: Bitcoin ETFs saw $358.17 million inflows on April 9, led by Blackrock IBIT, restoring momentum. Ether ETFs added $85.19 million as ETHA gained $90.94 million, showing selective but rising demand.
Two things are happening in the Bitcoin market right now that most people aren't connecting. One is visible on price charts. The other is buried in on-chain data, and it tells a different story. Bitcoin is in pain. Long-term holders are now spending coins at a loss.
The March CPI report drops today at 8:30 AM Eastern Time (ET) and the number markets are bracing for is 3.7% year-over-year, up from 2.4% in February.
Institutions are betting on the bitcoin price hitting $80,000 through call options, but they are also buying downside protection.
Bitcoin's sojourn inside a 9-week long bear flag may be coming to an end. There is the possibility of one more week inside the flag, but with the bear market trendline bearing down on the $BTC price, room is fast running out, and either the bulls will force the breakout, or the bears will tighten their grip.