Bitcoin Climbs Over $80,000 as Key Indicators Flash Positivity

A user lost 6,000 XRP after falling for a scheme that promised to double their funds. That case is one of several being reported as scammers step up their efforts against XRP Ledger users, prompting a public warning from Ripple’s former chief technology officer. Related Reading: Bitcoin Faces Major Test As 37% Recovery Collides With Bear Resistance Fake Offers Hiding In Plain Sight David Schwartz, known online as JoelKatz, posted the alert on X after what he described as a sharp rise in fake airdrop and giveaway activity. He warned that nearly all such offers seen across social platforms are fraudulent, and that anyone claiming to be him on Instagram, Telegram, or similar apps is almost certainly running a scam. The warning came alongside reports from others in the XRP space. XRPL blockchain explorer Bithomp flagged a specific trick where scammers send unsolicited NFTs to user wallets. SCAM ALERT: There has been a huge escalation lately in airdrop and giveaway scams targetting XRPL use

Bitcoin ETF outflows hit their worst seven-day average since mid-February, but this time BTC trades above $80K. Institutions sold into strength, not fear. The exits started quietly. Then the weekly average told a different story. According to Glassnode on X, the seven-day simple moving average of US spot Bitcoin ETF net flows dropped to negative […] The post Bitcoin ETF Outflows Hit Months-High While BTC Fights to Hold $80K appeared first on Live Bitcoin News.

Strive reported a net loss of $265.9 million for Q1, which it attributed to the fall in market value of its Bitcoin holdings, but saw its shares on its move to pay SATA holders dividends every business day starting in June.

Data shows the Bitcoin Coinbase Premium Gap has plunged into the red zone alongside the latest drop in the BTC spot price below the $80,000 level. Bitcoin Has Retraced Some Of Its Recent Price Recovery Bitcoin saw recovery surges above $82,000 on Sunday and Monday, but these spikes failed to set the tone for the week as BTC has since followed a downward trajectory. This decline observed an acceleration on Wednesday, with the cryptocurrency’s price even briefly sinking below $79,000. Related Reading: Dogecoin TD Sequential Flashes Sell Signal: Price Correction Ahead? Below is a chart that shows the price action that Bitcoin has experienced recently. As is visible in the graph, Bitcoin has made some recovery from its low, as its price is now floating around $79,600, but compared to the Sunday high, it remains down about 3.3%. Now, what was the cause behind the drop? The data of the Coinbase Premium Gap may provide some hints. BTC Coinbase Premium Gap Has Turned Negative Recently As point

Market maker giant Jane Street is again drawing intense attention in crypto markets, with experts claiming the firm’s “next target” may now be Ethereum (ETH).  The speculation comes after reports that Jane Street made several major adjustments to its positions during the week, following months of scrutiny tied to alleged trading manipulation connected to Bitcoin (BTC). From Bitcoin Retreat To Ethereum Expansion Jane Street, one of Wall Street’s most active proprietary trading firms, reportedly reduced multiple Bitcoin-linked holdings in the first quarter (Q1) of the year, while meaningfully increasing its exposure to assets tied to Ethereum. Jane Street’s position in BlackRock’s iShares Bitcoin Trust (IBIT) fell by 71% quarter-over-quarter to about 5.9 million shares, with a reported value near $225 million.  Related Reading: Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet The firm also cut its stake in Fidelity’s Wise Origin Bitcoin Fund (FBTC), where ho

The post Bitcoin Price Spikes Higher, But Consolidation Pattern Remains Intact appeared on BitcoinEthereumNews.com. Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical a

Global crypto adoption could accelerate as US regulatory clarity sets a precedent, influencing G20 nations to align their frameworks. The post Coinbase CEO predicts global Bitcoin legalization after US market structure passage appeared first on Crypto Briefing.

The post Bitcoin Trading at a ‘Discount’ on Coinbase: Is a Move to $76K Next for BTC? appeared on BitcoinEthereumNews.com. Key takeaways: The Coinbase Bitcoin discount likely stems from stablecoin outflows rather than actual institutional sell pressure. Strategy continues buying Bitcoin as the market holds firm despite minor price differences across exchanges. Bitcoin (BTC) showed resilience on Thursday by successfully defending the $79,000 level. However, some traders worry that upside momentum is stalling as Bitcoin on Coinbase trades at a discount relative to stablecoin pairs on international exchanges. Coinbase discount likely driven by stablecoin outflows While the indicator is often debated, it potentially suggests a lack of institutional buying demand, though the situation is likely more complex. BTC/USD at Coinbase vs. BTC/USDT at major exchanges. Source: TradingView & Cointelegraph BTC/USD on Coinbase has maintained a 0.03% discount against Binance, OKX, and Bybit over the pas