Kategorie: Crypto News

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Bitcoin ETFs see biggest inflows since January on Monday

  • The ETF inflow coincided with a sharp move in Bitcoin prices, which reclaimed the $91,000 level.
  • Total inflows across Bitcoin ETFs reached $381.3 million on April 21.
  • RK 21Shares Bitcoin ETF (ARKB) captured the largest share at $116.1 million.

Bitcoin exchange-traded funds (ETFs) in the United States posted their largest single-day net inflow in almost two months, with April 21 marking the strongest session since January 30.

The ETF inflow coincided with a sharp move in Bitcoin prices, which reclaimed the $91,000 level for a brief window before retracing to around $90,000.

BTC ETF inflows on Monday

Total inflows across Bitcoin ETFs reached $381.3 million on April 21, with ARK 21Shares Bitcoin ETF (ARKB) capturing the largest share at $116.1 million.

Fidelity Wise Origin Bitcoin Fund (FBTC) followed with inflows of $87.6 million.

Grayscale, which had previously struggled with outflows after converting its Bitcoin trust to an ETF, showed signs of stabilization as its Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC) recorded combined inflows of $69.1 million.

BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest Bitcoin ETF by assets under management, drew $41.6 million, down from pre-weekend levels on April 17.

Other funds, including HODL and EZBC, contributed $11.7 million and $10.1 million, respectively.

The inflows return after a strong week for outflows

According to CoinShares’ latest report, the United States recorded total outflows of $71 million for the week, indicating that April 21’s activity was an outlier amid otherwise tepid sentiment.

In contrast, European markets maintained a more constructive stance toward digital assets.

Switzerland led the region with $43.7 million in net inflows, while Germany added $22.3 million. Canada also saw modest inflows of $9.4 million during the period.

CoinShares noted that overall digital asset investment products saw modest weekly inflows of $6 million.

Midweek, stronger-than-expected US retail sales figures triggered a sharp outflow of $146 million from digital asset funds, reflecting market sensitivity to macroeconomic data.

Bitcoin-specific products closed the week with net outflows of $6 million, despite the significant daily inflow figure on April 21.

Meanwhile, short Bitcoin products recorded their seventh consecutive week of outflows, with $1.2 million withdrawn, bringing total redemptions over the period to nearly 40% of assets under management.

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New SEC chair Paul Atkins begins term as 72 crypto ETFs await approval

  • Paul Atkins confirmed as SEC chair with 52-44 Senate vote.
  • Crypto firms donated over $85 million to Trump inauguration.
  • SEC’s new direction may favour altcoins and DeFi platforms.

The US Securities and Exchange Commission (SEC) has entered a new phase of crypto oversight with the appointment of Paul Atkins as its 34th chairman.

Nominated by President Donald Trump and confirmed by the Senate in a 52-44 vote earlier this month, Atkins is returning to the SEC with a clear message—making the US the most secure and attractive investment destination globally.

In his first public statement, he signalled that crypto regulation would be a central focus of his administration, marking a departure from former Chair Gary Gensler’s hawkish stance on altcoins.

Surge in crypto ETF filings under Atkins’ watch

Atkins’ arrival comes at a pivotal time for the crypto market. Since Gary Gensler’s resignation, the SEC has been flooded with a wave of crypto-related exchange-traded fund (ETF) filings.

According to data compiled by BeInCrypto, there are currently 72 pending applications awaiting review, spanning spot Bitcoin and Ethereum ETFs, altcoin funds, and meme coin-backed offerings.

ETF analyst Nate Geraci pointed out that several key issues now fall under Atkins’ jurisdiction. These include decisions around staking for Ethereum ETFs, in-kind creation and redemption mechanisms for spot funds, and rulemaking related to derivatives.

The sudden rise in applications is being interpreted as a strategic move by asset managers to capitalise on the shift in leadership.

Altcoins and meme coins may gain SEC favour

The contrast between Atkins and Gensler is already being felt. Gensler had argued that most cryptocurrencies lacked intrinsic value and were fuelled by hype, which he said made them unstable investment vehicles.

His tenure was marked by consistent pushback against altcoin and meme coin products, delaying or denying multiple ETF approvals.

Under Atkins, however, industry analysts believe there could be a regulatory thaw, especially for tokens beyond Bitcoin and Ethereum.

His market-friendly stance is raising expectations that several high-profile altcoin ETFs may be approved in the coming months. One analyst claimed the SEC had become a “pro-crypto administration”, reflecting the optimism within the industry.

Key lawsuits dropped under Trump-era SEC

Beyond ETFs, Atkins inherits an SEC that has recently seen several major crypto enforcement cases dropped or concluded.

Companies including Coinbase, Ripple, Kraken, Uniswap, and Yuga Labs reportedly had investigations or lawsuits closed in the months leading up to Atkins’ confirmation.

Public filings show these firms, among others, collectively donated over $85 million to Trump’s inauguration committee, prompting scrutiny over the SEC’s independence.

The Biden-era SEC, under Gensler, had aggressively pursued these firms, alleging securities violations across various token offerings and staking services.

But the Trump-led pivot, now cemented by Atkins’ leadership, is being interpreted by legal experts as a broader retreat from that enforcement strategy.

What Atkins’ SEC means for crypto regulation

Paul Atkins previously served as SEC commissioner from 2002 to 2008. Known for advocating market deregulation and supporting innovation, his return signals a broader political shift in US financial regulation.

As the SEC oversees a $2.8 trillion crypto market, Atkins’ decisions over the coming months are likely to set the tone for how the agency treats decentralised finance, altcoins, and tokenised assets.

The crypto industry is now watching closely to see whether this new direction will lead to lasting regulatory reform or if challenges will resurface depending on the outcomes of ongoing political shifts in Washington.

Either way, the SEC’s near-term trajectory is now tied to Atkins’ interpretation of investor protection and market integrity in the rapidly evolving digital asset space.

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Kaspa (KAS) price jumps 13% to lead top gainers today

  • Kaspa (KAS) price rose sharply as Bitcoin traded to above $88k
  • The 13% jump for KAS puts it among the top gainers today.
  • Kaspa price could target $0.2 in the short term.

Kaspa (KAS), a proof-of-work cryptocurrency leveraging the innovative GHOSTDAG protocol, has surged 13% in the last 24 hours, making it the top gainer among the top 100 cryptocurrencies by market cap.

This rally comes amid a broader market upswing, with Bitcoin (BTC) climbing above $88,000 and top altcoins showing signs of renewed momentum.

The surge suggests Kaspa’s unique blockDAG technology, which allows parallel block creation for faster transactions, continues to attract investor attention.

Kaspa price today

As of writing on April 22, 2025, Kaspa’s price is approximately $0.091, with a double digit increase in 24 hours.

Notably, the altcoin’s price is up 48% in the past two weeks and reached an intraday high above 0.092, its highest level since early March.

With a market cap of around $2.4 billion, KAS currently ranks 37th globally.

Meanwhile, the trading volume has spiked by over 80%, reaching $115 million, a scenario that signals strong market interest.

Despite KAS price being well below its all-time high of $0.2075 from August 2024, today’s performance suggests Kaspa is regaining traction.

The coin’s ability to process multiple blocks per second, aiming for 10 or even 100, underpins its appeal for scalability-focused investors.

Bitcoin helps bulls higher

Bitcoin’s climb above $88k has ignited optimism across the crypto market, providing a tailwind for altcoins like Kaspa.

The OG crypto’s resilience, driven by positive sentiment around institutional adoption and potential U.S. regulatory shifts, has lifted market confidence.

Granted, other top altcoins, including Dogecoin and IOTA, have also posted gains over the past week.

However, Kaspa leads the pack among 100 largest by market cap. Its proof-of-work model, akin to Bitcoin’s, positions it as a beneficiary of BTC’s bullish momentum.

I’m addition, MARA’s mining of KAS tokens since September 2023 further ties Kaspa’s fortunes to the broader PoW ecosystem, boosting its credibility and investor interest.

KAS price analysis

Technical indicators point to a bullish outlook for Kaspa.

A look at the daily chart shows KAS breaking above the $0.089 resistance, now acting as support, with the next targets at $0.106 and potentially $0.15.

Kaspa price chart by TradingView

The possible double bottom pattern combines with bullish indications from the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD).

The latter shows a bullish crossover, signaling continued upside potential.

However, volatility remains a risk, which could hinder a short term surge to $0.2. But if buyers sustain the momentum, this hurdle could give way to an extended rally.

 

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BTC nears resistance zone as analysts flag potential pullback to $76,600

  • Key resistance zone flagged between $86,549 and $88,244.
  • MicroStrategy buys 6,556 BTC worth $555.8 million.
  • $90,000 is seen as a psychological and technical barrier.

Bitcoin has surged back to near $89,000, inching closer to its all-time high and setting the stage for what could be a significant breakout.

According to crypto analyst Michael van de Poppe, the flagship cryptocurrency is now approaching a crucial resistance band between $86,549 and $88,244.

This level has historically been difficult to breach, often leading to temporary corrections.

However, the current market sentiment, combined with macroeconomic cues like a potential US-China deal, is fuelling speculation about a fresh rally past $90,000.

In a tweet posted earlier this month, van de Poppe shared a technical chart highlighting Bitcoin’s rebound and its current position near a historical resistance level.

He suggested that Bitcoin may first dip to retest support at $80,982 before making another attempt at a breakout.

A further decline to $76,604 is also possible if current support fails to hold, marking a retest of a previous support level that could now act as resistance.

Bitcoin gains 1.5% as whale accumulation boosts sentiment

Bitcoin’s rise above $88,500 has been aided by strong accumulation from institutional players.

Notably, US-based corporate holder MicroStrategy recently acquired 6,556 BTC at a total cost of around $555.8 million.

The purchase comes amid growing interest in Bitcoin as a hedge against inflation and geopolitical risks, and appears to have given the market a confidence boost.

According to CoinMarketCap, Bitcoin gained 1.5% in the past 24 hours, adding to its 4.7% weekly gain.

The surge has also lifted overall crypto market capitalisation past $2.7 trillion.

Source: CoinMarketCap

Van de Poppe noted that despite nearing overbought territory, the market may remain bullish if Bitcoin consolidates above $88,000.

A sustained rally past $90,000 could open up a move towards new highs, while failure to maintain support around $80,000 could send prices lower.

Analyst warns of pullback to $76,604 if support fails

Technical indicators show that Bitcoin’s RSI is approaching critical levels, suggesting a temporary correction could occur.

Still, many traders are watching the $90,000 resistance level as the next major milestone.

If Bitcoin manages to flip $90,000 into support, it could mark a psychological and technical breakthrough.

Historically, this kind of pattern has led to rapid price discovery.

However, if momentum fades, the cryptocurrency may struggle to hold onto gains and revisit lower support zones.

Van de Poppe outlined that a correction to $76,604 would still be within healthy limits and could act as a springboard for a future rally.

The price level was previously a key support and remains one to watch in the near term.

Macro trends could support the Bitcoin push

On the macroeconomic front, van de Poppe hinted at the potential impact of global events.

In particular, signs of de-escalation between the US and China could reduce market anxiety, prompting increased risk appetite among investors.

Geopolitical calm, combined with institutional accumulation and favourable regulatory signals, may set the stage for Bitcoin to finally break through its upper resistance.

However, short-term volatility should not be ruled out, especially as the asset hovers near historically reactive zones.

As of 14 April, Bitcoin is trading just above $88,606.

All eyes are now on whether the world’s largest cryptocurrency can consolidate its gains and surge through $90,000 in the coming sessions.

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Pi Network can still hit $5 despite $138M token unlock, says analyst

  • The over $$138.252 million Pi Network token unlock on over the next 30 days may pressure Pi’s price.
  • Whales have moved 41M PI off exchanges, hinting at a rebound.
  • Analysts predict $5 target with market and ecosystem growth.

Pi Network token has had a rough patch recently, with the Pi Network price dipping 80% from its all-time high to around $0.63 and struggling to gain momentum amid daily token unlocks.

Despite the immense bearish pressure exerted by the token unlocks, a bold Pi Network price prediction has emerged from analysts, one of whom foresee the PI token climbing to an impressive $5.

Why the $5 Pi Network price prediction could be realistic

To start with, Pi Network price today sits at around $0.63 with a sturdy support at $0.60, a zone some experts believe could serve as a springboard for a breakout toward higher valuations.

Technical analysis reveals a double-bottom pattern with a neckline at $0.7857, hinting at a possible breakout, while price prediction models suggest a climb to $1.83 by May 2025; a 190% jump from today.

Adding fuel to the optimism, Pi Network founder Nicolas Kokkalis is slated to speak at Consensus 2025, a major crypto event, signaling a boost in credibility for the project amid the latest Pi Network news.

Notably, Kokkalis’ appearance at Consensus 2025 alongside crypto giants like Eric Trump and Bo Hines coincides with the unlock of 5.6 million tokens, a move that could either weigh on the price or be absorbed by growing demand, depending on market dynamics.

At the same time, Pi token whale activity is turning heads, with a single investor withdrawing 7.5 million PI token valued at $4.82 million from OKX, part of a broader $48 million accumulation now worth $31 million.

From a broader perspective, whales have move approximately 41 million Pi tokens from crypto exchanges, signaling at massive accumulation.

Such large-scale accumulation suggests confidence in the Pi Network value, potentially foreshadowing a price surge as these investors position themselves ahead of key milestones.

Analysts also point to several drivers that could spur a potential recovery, including an improving cryptocurrency market, clearer Pi Network tokenomics, listings on top-tier exchanges, and broader ecosystem growth; all critical for the Pi Network price prediction to materialize.

A listing on exchanges like Binance or Coinbase could also ignite investor enthusiasm, pushing the Pi Network price beyond its stubborn resistance at $0.70, a level it has repeatedly failed to breach.

Beyond that, expanding real-world use cases for the PI token, such as applications or services accepting it, could solidify its utility and bolster long-term value.

Possible handles that could curtail Pi Network’s rise

The planned unlock of 219,065,154.07 tokens over the next 30 days and over 1.5 billion tokens over the next year raises concerns about dilution.

Pi Network token unlocks over the next month

And to make things worse, 35 billion PI tokens are held by insiders against 65 billion allocated to the community, a factor that could challenge the Pi Network price.

In addition, the Pi Network open mainnet launch problems, as users struggle to migrate to the mainnet, has limited exchange presence, keeping its market cap at $4.3 billion and its price in a holding pattern.

Nevertheless, the team has unveiled an elaborate Pi Network tokenomics with a total supply of 100 billion tokens; 65% allocated to community mining rewards, 10% to the foundation, 5% to liquidity, and 20% to the Core Team, and designed to scale with community migration to the mainnet.

This tokenomics structure aims to ensure fairness and prevent early dumping, tying the network’s progress to the speed of Pioneer adoption, a unique approach that could stabilize the Pi Network value over time.

In essence, while the 5.6 million tokens unlock poses a near-term risk, the $5 Pi Network price forecast hinges on Pi Network overcoming its challenges and capitalizing on its ecosystem expansion, making the Pi Network mainstream adoption a critical watchpoint.

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