Connect with us

crypto

Crypto Braces For April 2 — The Most Crucial Day Of The Year

Published

on


Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Este artículo también está disponible en español.

The crypto market is on high alert ahead of April 2, a date some analysts are calling “the biggest event of the year by an order of magnitude.” Macro economist Alex Krüger (@krugermacro), warns that President Donald Trump’s upcoming announcement of new reciprocal tariffs could deliver a seismic jolt to global markets — including crypto.

Why April 2 Is Massive For Crypto

In a post shared on X, Krüger describes the looming announcement, which the president has dubbed “Liberation Day,” as “10x more important than any FOMC” meeting: “April 2nd is similar to election night. It is the biggest event of the year by an order of magnitude. 10x more important than any FOMC, which is a lot. And anything can happen.”

According to Krüger, Trump might choose one of several paths: “Trump could go soft, in which case markets would rally fast and furiously. Or could go half-way, adding uncertainty on timelines, in which case markets would take out the stops of all longs and shorts. Or go all out, in which case markets could easily crash another 10% to 15%, fast.“

Krüger also suggests that “the US economy is still strong, but will highly likely slow down due to tariffs regardless of the path Trump chooses.” Nevertheless, he notes that many economists have already factored in a sharp year-end slowdown. He stresses that April 2 could mark the peak of market anxiety, aligning with the arrival of US Tax Day just two weeks later. “Either way, you all want to be prepared and ready to act on ‘Liberation Day.’ It will be big.”

Trump’s “Liberation Day” announcement will reportedly focus on “reciprocal tariffs” targeting specific countries or blocs deemed to maintain unfair trade barriers. Although this strategy appears “more targeted than the barrage he has occasionally threatened,” officials familiar with the matter believe it could still prove far-reaching.

President Trump has repeatedly signaled that these tariffs would be significant. Citing trade disparities with nations such as the European Union, Mexico, Japan, South Korea, Canada, India, and China, he asserts the US has been treated unfairly for too long. In remarks from the Oval Office, he declared: “April 2nd is going to be liberation day for America. We’ve been ripped off by every country in the world, friend and foe.”

Worst Case Scenario

Aides and allies suggest that while some countries may be excluded, Trump is looking for immediate impact. Tariff rates could take effect right away, adding to market fears of spiraling retaliation. In this case, Krüger says: “In worst case scenario sh*t would hit the fan then tariffs would start coming off as Trump negotiates hard in the following month, in which case peak negativity would hit around week 2 of April, which would coincide with US Tax Day.”

Senior officials, including National Economic Council Director Kevin Hassett and Treasury Secretary Scott Bessent, have indicated that the administration is focusing on a “dirty 15” group of countries where tariff and non-tariff barriers are allegedly most egregious. Hassett recently remarked, “It’s not everybody that cheats us on trade, it’s just a few countries, and those countries are going to be seeing some tariffs.”

For the crypto market, global macroeconomic events have increasingly played a pivotal role in price action in recent weeks. The April 2 “Liberation Day” announcement arrives at a time when digital asset traders already face headwinds from monetary policy shifts and a slowing global economy. Krüger believes that if the tariffs come in softer than expected, “markets would rally fast and furiously.” On the other hand, a maximalist tariff approach could deliver a significant shock, potentially denting cryptocurrencies.

At press time, the total crypto market cap stood at $2.81 trillion.

Total crypto market cap
Total crypto market cap, 1-week chart | Source: TOTAL on TradingView.com

Featured image from iStock, chart from TradingView.com



Source link

Bitcoin

Bitcoin Sees 4th Dip in Funding Rates This Year — What Does This Mean For BTC?

Published

on


Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.



Source link

Continue Reading

Bitcoin

Bitcoin ‘Apparent Demand’ Makes Sharp Rebound

Published

on


Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Este artículo también está disponible en español.

As Bitcoin (BTC) edges closer to the psychologically significant $100,000 milestone, several technical and on-chain indicators suggest that a major breakout could be on the horizon. One such metric – Bitcoin’s Apparent Demand – has shown a strong rebound, signalling renewed interest and sustained accumulation in the market.

Bitcoin Sees Sharp Rebound In Apparent Demand

According to a recent CryptoQuant Quicktake post, contributor IT Tech pointed to a significant rise in BTC’s Apparent Demand. Most notably, this key indicator has returned to positive territory after spending several consecutive weeks in the red.

For the uninitiated, Bitcoin’s Apparent Demand (30-day sum) measures the cumulative net demand for BTC over the past 30 days by tracking wallet accumulation and exchange outflows. A sharp increase in this metric suggests strong, sustained buying pressure, which can indicate bullish sentiment and potential for a price rally.

The following chart illustrates this rebound in BTC’s Apparent Demand, which essentially reflects net changes in one-year inactive supply adjusted by daily block rewards – a metric designed to better represent organic demand growth.

cryptoquant
Source: CryptoQuant

Previously, this metric had fallen deeply into negative territory – dipping below -200,000 (highlighted in red) – suggesting waning demand. However, its recent reversal into positive territory signals that long-dormant capital is flowing back into the market. As noted in the post:

The demand pivot is closely aligned with the recent price rebound above $87K, implying this recovery is underpinned by real on-chain behavior rather than purely speculative flows.

This marks the first positive Apparent Demand reading since February and aligns with rising inflows into spot Bitcoin exchange-traded funds (ETFs), as well as growing accumulation by long-term holders.

Data from SoSoValue shows that US-based spot BTC ETFs have recorded five consecutive days of net positive inflows, totalling more than $2.5 billion. The cumulative net inflow into spot BTC ETFs now stands at an impressive $38.05 billion.

Is A BTC Rally In Sight?

IT Tech noted that past reversals in Apparent Demand have historically preceded either significant rallies or periods of strong price support. If the current trend continues, BTC may have the momentum needed to challenge the $90,000 level in the near term.

However, analysts caution that Bitcoin must hold its current support around $91,500 to maintain upward momentum. This level is particularly important because it is close to the realized price of short-term BTC holders, according to CryptoQuant contributor Crazzyblockk.

Further adding to this outlook, prominent crypto analyst Rekt Capital emphasized that Bitcoin needs to secure a weekly close above $93,500 and reclaim it as support in order to establish a clear path to $100,000. At press time, BTC trades at $94,492, up 2% in the last 24 hours.

bitcoin
BTC trades at $94,492 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash, charts from CryptoQuant and Tradingview.com



Source link

Continue Reading

Altcoin

TAO price action shifts hints at 200% rally potential, but one key confirmation remains

Published

on


TAO has recently shown signs of breaking free from its extended bearish market structure with a decisive impulse move. While this shift is promising, if a higher low is established at a key confluence zone, TAO could be setting up for a potential 200% rally toward the previous range high.

Over the past several weeks, Bittensor (TAO) has been locked in a steady downtrend, consistently printing lower highs and lower lows. That pattern may now be changing. The recent impulsive move broke above a significant lower high, marking the first real break in TAO’s bearish structure. Now, price is hovering around a high-probability zone for continuation—provided buyers can confirm a valid higher low.

Key technical points

  • TAO Breaks Bearish Market Structure: TAO has broken the most recent lower high, signaling a potential shift in trend for the first time since the range high.
  • Testing the 0.618 Fibonacci and VWAP: Price is now testing the golden Fibonacci level, which aligns with the VWAP drawn from the top of the current downtrend, forming a crucial area of technical confluence.
  • Point of Control (POC) as a Pivot Zone: If TAO confirms a higher low at this zone, where POC, VWAP, and 0.618 Fib all intersect, it increases the probability of a strong bullish impulse.
TAO price action shifts hints at 200% rally potential, but one key confirmation remains - 1
TAOUSDT (1D) Chart Source: TradingView

From a technical perspective, this current zone of interaction is highly significant for TAO. The confluence of key indicators, specifically the point of control, 0.618 Fibonacci level, and anchored VWAP, creates a strong area of interest. If buyers defend this level and TAO forms a higher low, the setup for a Wave 3 bullish impulse becomes far more likely. This would target the previous range high, equating to a projected 200% rally from the current zone.

Zooming out to the macro structure, TAO remains inside a large sideways range. The recent bounce from the range low shows clear signs of buyer activity, indicating demand at lower levels.

Should TAO begin consolidating above this confluence zone, form a bullish market structure, and show strong volume profile support, the odds of a full range rotation increase sharply.

What to expect in the coming price action

TAO is at a critical inflection point. If the higher low confirms at this confluence zone, the bullish case strengthens dramatically. A successful retest could spark a powerful continuation move, offering one of the clearest 200% setups in the current market structure.



Source link

Continue Reading
Advertisement [ethereumads]

Trending

    wpChatIcon