Из жизни альткоинов
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Майк Новограц назвал ключевые уровни для восстановления биткоина
Crypto Scam Losses In The US Skyrocket 22% Near $12 Billion, FBI Says
As the crypto market rallied through 2025 — led by a strong Bitcoin (BTC) ascent that pushed prices to fresh all‑time highs in the fourth quarter — Americans also faced a sharp rise in crypto‑related scams, the Federal Bureau of Investigation (FBI) reported in its 2025 Internet Crime Report.
Rising Fraud ConcernThe FBI said US victims lost $11.4 billion to cryptocurrency fraud in 2025, a 22% increase from the prior year. That figure is based on 181,565 complaints involving crypto assets, itself up 21% year‑over‑year.
The Internet Crime Complaint Center (IC3) logged 1,008,597 complaints in 2025, an increase from 859,532 in 2024. Phishing and spoofing, extortion, and investment schemes remained the complaint categories reported most often.
Older Americans suffered disproportionately large losses. Complainants aged 60 and older reported roughly $7.7 billion in losses — a 37% rise over 2024 — reflecting persistent targeting of retirees and other seniors.
Another growing menace is the use of artificial intelligence (AI): for the first time, the report includes an AI section. The IC3 received 22,364 complaints tied to AI‑enabled scams in 2025, with reported losses approaching $893 million.
Those schemes often deploy high‑pressure tactics while leveraging fabricated social profiles, voice cloning, counterfeit identity documents, and deceptively realistic videos of public figures or victims’ relatives to persuade targets to hand over funds.
California, Texas, Florida Lead In Crypto ComplaintsThe report also calls out fraud centered on cryptocurrency ATMs and kiosks. In 2025, there were 13,460 complaints linked to crypto ATM use, resulting in $389 million in losses — a 23% climb in complaints and a 58% jump in dollar losses compared with 2024.
By crime type, investment schemes were the most common complaint category, with 61,559 filings. Extortion and phishing/spoofing were also prominent, with 23,797 and 7,164 complaints, respectively.
The IC3 detailed a long list of other fraud types reported in 2025, including tech/customer support fraud, personal data breaches, employment scams, and business email compromise, among others.
Geographically, complaints were concentrated in populous states. California led the nation with 20,878 crypto‑related complaints, followed by Texas (13,965), Florida (13,381), New York (8,088), and Pennsylvania (5,118).
The FBI also outlined its enforcement and prevention efforts. Operation Level Up, launched in 2024, has been a proactive outreach initiative to identify and notify people in the process of falling victim to cryptocurrency investment fraud.
Since the program began, more than 8,000 potential victims have been alerted, and the operation has helped curtail losses by over $500 million. Building on that approach, the FBI launched Operation Winter SHIELD in 2026 to emphasize actionable steps organizations can take to strengthen their cybersecurity posture.
Featured image from OpenArt, chart from TradingView.com
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US Prosecutors Reject Tornado Cash Founder’s Defense Amid Push For October Retrial
US Southern District of New York (SDNY) prosecutors have pushed back on the Tornado Cash co-founder’s defense, claiming that his arguments for dismissal lack applicability ahead of a crucial hearing later this week.
DOJ Says Tornado Cash Founder’s Defense Is ‘Not Applicable’On Tuesday, US Attorney for the Southern District of New York Jay Clayton sent a letter to Judge Katherine Failla rejecting Tornado Cash co-founder Roman Storm’s recent letter in support of his motion for a judgment of acquittal.
Clayton’s response addressed an April 2 motion filed by Storm’s defense, which claimed that a 2026 Supreme Court case, Cox Communications, Inc. v. Sony Music Entertainment, supported his pending Rule 29 motion.
The Cox case involved a civil liability of an internet service provider for its subscribers engaging in copyright infringement. The Supreme Court found that Cox was not contributorily liable for copyright infringement on its users’ accounts, as it did not induce its users’ infringement nor provide a service tailored to infringement.
In the Tuesday filing, the US attorney argued that “The defendant and the Tornado Cash service are a far cry from Cox,” affirming that “Even if Cox had some applicability here, its reasoning offers no help to the defendant given the strikingly different facts at issue.”
“As set forth in detail in the Government’s response to the defendant’s Rule 29 motion— and in contrast to Cox’s robust system for responding to infringement—the defendant intentionally implemented mere half-measures that he said were ‘easy to bypass’ to counter criminal use of the Tornado Cash service, and his purpose in doing so was to distract law enforcement,” the document read.
Clayton added that Storm’s use of the crypto mixer “was window dressing at best and outright misdirection at worst,” as there was no evidence that the Tornado Cash founders put in place effective anti-money-laundering (AML) measures.
It’s worth noting that the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Tornado Cash in August 2022 for failing to impose effective controls to prevent malicious actors from laundering funds through the protocol, including $455 million by the North Korea-linked hacking group, Lazarus Group.
However, the sanctions were overturned in March 2025 after the Court of Appeals ruled in November 2024 that OFAC had overstepped its authority by sanctioning immutable, decentralized smart contracts rather than a legal entity.
US Prosecutors Seek Roman Storm RetrialThe prosecutors’ latest move follows his March letter seeking a retrial of the Tornado Cash co-founder on the two counts where jurors were deadlocked last August. In the letter, Clayton asked Judge Failla to schedule a retrial for Roman Storm, pushing for trial dates between October 5 and 12, 2026.
For context, Storm was detained and indicted following the Tornado Cash sanctions and charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations, and conspiracy to operate an unlicensed money-transmitting business.
The jury found Storm guilty of one count of conspiracy to operate an unlicensed money transmitting business, but was unable to come to a unanimous decision regarding the two other charges. Nonetheless, a hung jury does not constitute an acquittal, which opened the door to a potential retrial on those charges.
In September, Storm filed a motion for acquittal, which asks the trial judge to throw out charges or a verdict because the prosecution’s evidence is legally insufficient. The Tornado Cash founder’s lawyers argued that the government never proved he meant to help bad actors launder money through the platform, which would invalidate the grounds for his conviction based on negligent inaction.
Now, prosecutors and Storm’s defense attorneys are scheduled to meet on April 9 for an oral argument on the pending Rule 29 motion, which could shape the course of this key legal battle.
ФБР: Потери от криптомошенничества в США достигли $11,3 млрд
14 апреля Neopool проведет afterparty в рамках Blockchain Forum 2026
Bitcoin Hashrate Remains Concentrated As US, Russia, And China Hold 65% Share
A new report has revealed how the Bitcoin mining power has remained concentrated recently, with the top three nations controlling a 65% share.
US Continues Leading In Bitcoin Hashrate With 37.4% ShareIn a new report, Hashrate Index has talked about how the global geographical heatmap of the Bitcoin Hashrate has changed compared to the last quarter. The “Hashrate” here refers to an indicator that measures the total amount of computing power that miners have attached to the BTC network. It’s measured in terms of hashes per second (H/s) or more practically, in exahashes per second (EH/s).
As the 7-day average chart for the indicator from Blockchain.com shows, the global Bitcoin Hashrate has declined this year.
Generally, there can be a few factors in play whenever the Hashrate declines, but a leading one tends to be the BTC price action. Miner rewards are denoted in BTC, so these validators depend on the cryptocurrency’s USD spot value for their revenue. When the asset declines, miners with less efficient machines can drop into loss and be forced to disconnect their rigs from the network.
Bitcoin has witnessed a significant drawdown since Q4 2025, so it’s not surprising to see that the 7-day average network Hashrate has decreased from 1,083 EH/s in October to 953 EH/s today.
Another factor that has probably been behind the Hashrate contraction is a pivot from major mining companies toward the AI datacenter business. Firms are deeming the industry to be more profitable than BTC mining, so some are even outright transitioning from Bitcoin to put their focus on it.
While the global Hashrate has declined, the trend in the computing power of individual nations has differed. For example, the United States lost Hashrate dominance of 0.13% since the start of 2026, but Kyrgyzstan and Paraguay gained shares of 0.4% and 0.3%, respectively.
Below is a table shared by the Hashrate Index report that breaks down the current mining market share of the top 10 countries.
As is visible, the US, Russia, and China are the three most dominant nations in Hashrate today with shares of 37.4%, 16.9%, and 12%, respectively. Together, the countries make up for 65% of the global Hashrate. Generally, mining power centralization doesn’t tend to be a positive for the sector, as it means local policy changes or disruptions can shake the blockchain as a whole.
Before mid-2021, China was the most dominant player in the space, but following the mining ban, miners fled the country, causing a plunge in the total network Hashrate. This year, a snow storm in the US caused miners to turn off their machines, which once again showed up as a significant reduction in the global metric.
BTC PriceBitcoin has retraced its recovery during the past day as its price has dropped to the $67,900 mark.
Grayscale Highlights XRP’s Push To Counter Quantum Risk
Developers working on the XRP Ledger added a new type of digital signature to the network’s test environment in December 2025 — one designed to hold up against attacks from quantum computers.
The upgrade, known as ML-DSA, replaces older cryptographic systems and produces signatures about 2,420 bytes in size. It supports quantum-resistant transactions, accounts, and consensus on the network.
Still In Testing, Not Yet LiveThe changes are running on AlphaNet, XRPL’s developer network, and have not been pushed to the main network. Along with the new signature standard, the ledger supports built-in key rotation — a system that lets the network upgrade its cryptographic tools through validator agreement, without shutting down or touching user accounts.
Both features are part of a broader push by XRPL developers to get ahead of a threat that most of the crypto industry has not yet fully addressed.
Grayscale Research’s analysis of the @Google Quantum AI paper suggests breakthroughs may come in sudden leaps, not gradual steps. That means preparation can’t be delayed.
The good news: • Post-quantum cryptography already exists • Some chains like $SOL and $XRP Ledger are… pic.twitter.com/r5vtnnWCJj
— Grayscale (@Grayscale) April 6, 2026
That threat comes from quantum computing. Based on reports from Grayscale, a digital asset manager, the concern dates back to a mathematical breakthrough made by MIT’s Peter Shor in the mid-1990s.
Shor developed an algorithm that, if run on a powerful enough quantum machine, could crack the encryption protecting most blockchain networks today. No computer has been able to run it at the scale needed — but that window may be closing.
Google Research Points To Sudden Leaps, Not Gradual ProgressGrayscale’s report, authored by the firm’s head of research, Zach Pandl, referenced recent work from Google Quantum AI warning that progress in this area may not come in slow, predictable steps. It could arrive in sudden bursts.
According to Pandl’s report, reaching the level of computing power needed to break current encryption may require between 1,200 and 1,450 logical qubits. That threshold has not been crossed, but researchers say waiting until it is may leave networks with too little time to respond.
Grayscale pointed to XRPL and Solana as networks already running tests on post-quantum cryptographic tools. These are methods that have been reviewed, tested, and deployed in other real-world systems, including those protecting parts of today’s internet traffic. Their use in blockchain is still early, but the work is underway.
Not All Blockchains Face The Same Level Of ExposureRisk levels vary depending on how a network is built. Reports indicate that Bitcoin may carry less technical exposure than other chains because of its design — it uses a transaction model that limits address reuse, relies on proof-of-work, and has no built-in smart contracts. Some Bitcoin address types are safer than others, as long as they are not reused.
Featured image from Mastercard Developers, chart from TradingView
Ripple Maps 2026 Shift In African Crypto Rules: What Regulators Are Changing
Blockchain payment giant Ripple issued a new report focusing on the growth and adoption of digital assets across Africa, driven by key regulatory changes that the firm says have prompted it to offer crypto solutions to “power Africa’s expanding digital economy.”
The study finds that roughly eight African nations have already adopted crypto-specific rules, with several more moving toward formal frameworks.
South Africa’s Policy AdvancesRipple highlights a nascent regional coordination: clearer regimes in major markets are beginning to serve as templates for neighboring countries, and cross-border fintech initiatives are fostering “a more harmonized ecosystem.”
That regulatory momentum, the report argues, is underpinning concrete growth in on-chain activity and practical uses for digital assets across the continent.
The company reviews several national developments in detail. South Africa, Ripple notes, adopted a comprehensive framework in June 2023 that treats certain crypto assets as financial products.
Under the new rules, Crypto Asset Service Providers (CASPs) in the country must be licensed and answer to both the Financial Sector Conduct Authority and the Financial Intelligence Centre.
Johannesburg has also implemented the Financial Action Task Force’s Travel Rule and is continuing to explore policy for stablecoins and tokenization through its Intergovernmental Fintech Working Group.
Clearer Crypto OversightKenya, the report says, has moved rapidly from proposals to law. A draft Virtual Asset Service Providers Bill introduced by the National Treasury in March 2025 became law in October 2025, transferring supervisory responsibility to the Central Bank of Kenya and the Capital Markets Authority.
The country is conducting nationwide consultations on implementing regulations, and Ripple expects Kenya’s framework to be influential for the region in 2026 as it builds out its digital asset infrastructure.
Mauritius is presented as an early adopter. Its VAITOS Act of 2021 set one of Africa’s first comprehensive regimes, with rigorous anti-money laundering (AML) and counter‑terror financing rules. Ripple notes that Mauritius issued additional guidance on stablecoins in the past year and is exploring a fuller regulatory regime for them.
Nigeria, long one of Africa’s largest crypto markets, also appears to be formalizing its approach. The Investments and Securities Act 2025 recognizes digital assets as securities under the oversight of the Nigerian Securities and Exchange Commission (SEC).
The Central Bank of Nigeria has also eased earlier restrictions on banks working with licensed digital‑asset providers and launched a supervision pilot for several virtual asset service providers (VASPs). Ripple frames these moves as a substantial policy shift aimed at supporting innovation while protecting consumers.
Ripple Details Regional Regulation ProgressBeyond these examples, Ripple documents a wider movement. Ghana’s central bank has begun registering virtual asset service providers as an initial step, and countries including Botswana, Namibia, and Seychelles have taken steps toward crypto-specific policy.
Other jurisdictions — Ethiopia, Morocco, Rwanda, Tanzania, and Uganda, among them — are actively assessing regulatory options. The report stresses that this patchwork of reforms is converging toward greater clarity and interoperability across borders.
The report further highlights striking on-chain growth: Sub‑Saharan Africa recorded more than $205 billion in on-chain value between July 2024 and June 2025, a 52% year‑over‑year increase that ranked the region among the fastest‑growing crypto markets worldwide.
Nigeria and Ethiopia, Ripple points out, ranked in the Top 15 of the 2025 Global Crypto Adoption Index, underscoring strong grassroots demand for digital assets.
Featured image from OpenArt, chart from TradingView.com
Bitcoin PMI Says This Is Not A Peak, Here’s What It Is
Bitcoin’s price structure has continued to divide the market, with some saying the leading cryptocurrency has already peaked for this cycle, and others saying there is room for more rallies. Price has moved strongly at different points, and sentiment has flipped back and forth, but one important macro signal does not line up with the idea of a completed top.
This indicator is the Bitcoin PMI, which is still sitting below where every true previous cycle peak has formed.
PMI Below 50 Has Never Marked A Bitcoin PeakThe PMI is a monthly economic indicator that measures the level of activity across both the manufacturing and services sectors. The PMI may seem disconnected from the Bitcoin price, but the foundation of this analysis comes down to a simple historical pattern with the two metrics. BTC has never printed a true all-time high at any point when the PMI was below 50, and that has held consistently across every past cycle.
As shown in the chart below, each red-shaded zone represents extended periods where PMI was under the 50 threshold. These zones have consistently coincided with phases of consolidation and early trend development in the BTC price. On the other hand, major Bitcoin price tops have always formed after PMI breaks above 50 and enters expansion territory.
What makes the current cycle stand out is how long Bitcoin has been trading with the PMI indicator below 50. Even during the July to October 2025 period, when the Bitcoin price climbed to new highs and printed strong rallies, the PMI stayed below 50. This creates a disconnect between the current price action and a long-standing signal.
Calling The Top Now Could Be PrematureAt the time of writing, Bitcoin is trading at $69,043, which places it about 45% below its all-time high of $126,080 on October 6, 2025. There have been various reasons to believe that the Bitcoin price has already reached a peak for this cycle.
These theories rely heavily on price-based signals and changes in sentiment, but the PMI model introduces a much larger context based on the activity in the manufacturing and services sectors.
According to a crypto analyst with the pseudonym Crypto Tice on the social media platform X, the people calling this the top are making the same mistake they made in 2019 and 2020.
In that sense, what many are calling a top may instead be a lengthy accumulation period. If historical trends continue, the real cycle peak would only come once PMI moves above 50.
The Bitcoin-PMI chart above also shows how previous sub-50 periods ended. Each time, Bitcoin transitioned from these zones into stronger bullish phases once liquidity conditions improved. Those who interpreted the consolidation as a top ended up missing the best part of the rallies.
Ethereum’s Role Expands As It’s Considered For Euro Stablecoin Settlement
As the blockchain sector gradually goes worldwide, the Ethereum Network is turning up as the top contender for blockchain infrastructure across the sector. Currently, the ETH network is the settlement layer for many stablecoins and real-world applications in the crypto space.
Euro Stablecoin Plans Eye EthereumA new chapter in blockchain adoption may be unfolding, and the Ethereum network is at the center of this transition as countries across the globe adopt the blockchain. Amid the shift, Ethereum is increasingly being considered as the settlement layer for a potential euro-denominated stablecoin.
Crypto Tice, a market expert and investor, took to the social media platform X to share the development, which has triggered a frenzy in the ETH community. The action demonstrates the increasing interest of politicians and financial institutions in utilizing Ethereum’s well-established infrastructure for practical financial applications.
According to the expert, this move is not a pilot or a sandbox test, as blockchain solutions are being incorporated into Europe’s changing digital banking environment. Rather, it is Europe evaluating real infrastructure in the financial sector. By acting as the foundation for such a project, the network could be crucial in integrating traditional finance with decentralized technology.
Furthermore, the expert has offered insights into why this move matters for the network and the blockchain sector. The first reason is that public blockchains are being increasingly assessed for sovereign-grade settlement infrastructure.
Based on the risks associated with finance, this move would offer transparency, uptime, and security, which are now policy considerations. ETH being considered as a settlement layer for a Euro stablecoin implies that crypt rails are moving from markets, especially from the institutional level, to the governmental stage.
Crypto Tice has debunked every speculation of hype around the move, claiming that this is about who settles money in the future. “Public blockchains just entered the sovereign conversation,” the expert added.
Stablecoin Market To Get A Boost?In the meantime, the stablecoin market has slowed down. CW, a crypto investor and data analyst at CryptoQuant, highlighted that the stablecoin market cap has recently stalled at a certain level since October last year. Once this move is confirmed, the news is likely to bolster interest and demand for stablecoins, causing a wave of fresh capital into the market.
However, the growth of the stablecoin market cap is largely linked to the impending CLARITY Act, as the bill will trigger an explosive inflow of funds. In that scenario, the increase in the market cap will lead to a rally in the broader cryptocurrency market.
On crypto exchanges, stablecoin reserves are growing, with Binance experiencing a jump from $45.5 billion following a $2.5 billion March inflow. This jump comes after 3 months of persistent outflows. Darkfost stated that this turnaround is somewhat surprising considering the macroeconomic context.
Despite the escalating geopolitical tensions and unfavorable conditions in March, liquidity flows have started to return to the crypto market. April is already moving in alignment with the pattern, recording more than $1 billion in net stablecoin inflows since the month began.
Altcoin Inflows To Binance Just Hit A 3-Month High. The Reason Is Not What You Would Expect
The altcoin market is struggling. Volatility is high. Uncertainty is higher. And on April 2nd, something happened on Binance that had not happened in nearly three months — and it happened nowhere else.
A report from analyst Maartunn has identified a transaction spike that stands out precisely because of where it did not appear. On April 2nd, altcoin inflow transactions to Binance jumped to approximately 34,000, the highest reading in two and a half to three months.
In isolation, a spike of that magnitude would suggest a broad return of altcoin activity across the derivatives and spot landscape. It would show up on Bybit. On Coinbase. On OKX. When traders return to altcoins at scale, the signal appears across venues simultaneously.
It did not. The spike was almost entirely contained within Binance. The other major exchanges registered no comparable activity on the same day. That isolation is not a data artifact — it is a signal. Something specific pulled traders to Binance on April 2nd, and it was not a generalized return of altcoin demand.
What changed on Binance the day before that spike is the question the data is already answering — and the answer is not what most altcoin watchers would expect.
The Answer Was Launched the Day Before the SpikeMaartunn’s explanation for the isolated Binance concentration is precise and structurally significant. The day before the April 2nd inflow spike, Binance rolled out new futures contracts tied to commodities — natural gas and WTI crude oil joining an instrument suite that already includes gold, silver, and multiple other traditional finance tickers. Those TradFi pairs are not peripheral additions. They are already appearing in Binance’s top volume pairs, sitting alongside Bitcoin and Ethereum in the platform’s most actively traded instruments.
The implication Maartunn draws from that sequence is the one that altcoin participants should sit with. The traders who arrived at Binance on April 2nd were not necessarily arriving for altcoins. They were arriving for oil. For gold. For the commodity futures that Binance had just made accessible on a platform, they already knew how to use. The altcoin inflow spike was not a signal of renewed altcoin demand — it was the footprint of a different migration entirely.
That migration has a name: the same pool of speculative capital that once rotated through altcoins is now finding new instruments to trade on the same venue. The liquidity did not leave crypto. It shifted within it — away from altcoins and toward assets that respond to the geopolitical and macroeconomic forces currently dominating global markets.
For altcoins, that shift is not neutral. Every trader who moves from an altcoin pair to a commodity futures contract is a trader who is no longer providing the bid-side liquidity that prices depend on. The migration may be gradual. The direction is clear.
Altcoin Market Cap Weakens as Lower High Structure PersistsThe total crypto market cap excluding the top 10 is currently holding near $172 billion, but the broader structure reflects a weakening trend. On the weekly chart, price has formed a clear lower high after failing to sustain momentum above the $300 billion region, marking a shift from expansion to distribution.
The rejection from mid-2025 highs triggered a sustained decline, with the altcoin market cap breaking below the 50-week moving average and briefly testing the 200-week average. While the recent bounce from the $150 billion zone suggests some demand at lower levels, it has not been strong enough to reclaim the 100-week moving average with conviction.
All three key moving averages are now flattening or trending downward, with price trading beneath or around them. This alignment indicates a loss of trend strength and a transition into a range-bound or corrective phase rather than a renewed bullish cycle.
Volume patterns reinforce this view. Selling pressure has been more aggressive during downturns, while recovery attempts show weaker participation. That asymmetry suggests capital rotation away from smaller assets rather than broad-based accumulation.
If the $160–$170 billion range fails, downside toward $130 billion becomes likely. A sustained reclaim above $200 billion would be required to signal that altcoins are regaining structural strength.
Featured image from ChatGPT, chart from TradingView.com
Michael Saylor Says Bitcoin 4-Year Cycle Is Over, But This Is A Good Thing For Price
Michael Saylor, the founder and executive chairman of Strategy, has declared that Bitcoin’s (BTC) traditional four-year halving cycle is over, viewing this shift as an ultimately positive step for the cryptocurrency’s price. He argued that BTC has now achieved global acceptance, and this transition marks a more mature phase that could support stronger, more consistent price appreciation for the flagship cryptocurrency.
Why Bitcoin’s 4-Year Cycle Close Could Boost PriceIn an X post dated April 4, Saylor announced that “Bitcoin has won,” suggesting that the cryptocurrency has officially secured its dominant position in the global financial system. He explained that the world now widely accepts BTC as a form of digital capital, reflecting the cryptocurrency’s deep integration as a means of payment and investment for everyday users.
The Strategy founder further argued that Bitcoin’s four-year market cycle has ended, and that price movements are now guided by the inflows and outflows of capital from institutions and investors. This shift seems to be gradually moving BTC away from the sharp bull-and-bear market patterns tied to past halving cycles.
Saylor also added that Bitcoin’s growth in the coming years will largely depend on traditional bank credit and emerging digital lending channels. These funding sources are expected to play a bigger role in shaping how quickly and how far Bitcoin’s value could expand in the future. Moreover, the adoption of established financial instruments could help stabilize BTC’s price trajectory, which is often influenced by speculation and volatility.
Concluding his post, Saylor warned that the greatest risks come from having poor ideas that lead to unnecessary or damaging changes to the Bitcoin protocol. He cautioned that such misguided updates could harm the network if allowed to take root. Essentially, the Strategy founder is urging developers and users to protect the protocol from ill-advised alterations to preserve continued growth and success.
BTC Critic Fires Back At Saylor’s RemarksResponding directly to Saylor’s post, global economist and Bitcoin critic Peter Schiff pushed back against the remarks. He argued that any claimed consensus about BTC’s status as digital capital exists only in Saylor’s mind. However, Schiff did agree that capital flows will ultimately determine Bitcoin’s price direction.
The critic warned that when capital eventually flows out of BTC, the price will be driven significantly lower. His comments reflect a prolonged skepticism over Bitcoin’s long-term outlook and its status as “digital gold” or a store of value.
While Saylor remains a strong advocate for BTC, consistently accumulating the cryptocurrency through Strategy, Schiff continues to criticize the asset, often comparing it to gold. In one of his latest posts, the economist noted that Bitcoin recently climbed above $70,000 but was immediately hit with a wave of selling pressure, leading to a major pullback. He emphasized that, at present, BTC’s upside potential appears limited while its downside risk remains significant—an outlook he believes is the direct opposite of gold.
XRP Waning Price Action Drives Supply Deeper Into The Loss Territory
While the broader cryptocurrency market reeks of heightened volatility, the price of XRP appears to be stuck below the $1.5 mark, which is now considered one of its major resistance levels. With the persistent downside price performance, the percentage of supply in loss has risen sharply, demonstrating the impact of the bearish action on the market.
More XRP Holders Fall Into Loss TerritoryAfter a sharp decline in its price, the market dynamics of XRP are starting to experience a critical change as investors’ pain steadily increases. This trend is being reflected in the amount of XRP at a loss in the market. BankXRP, a researcher and investor, has reported that a growing portion of the leading altcoin is slipping into the loss zone as price momentum continues to fade. This development indicates that many holders are now underwater, which points to mounting pressure across the market.
In the post shared on X, the expert highlighted that over 60% of the entire supply, which represents about 36.8 billion XRP, is now in loss territory. The figure is valued at more than $50 billion in unrealized losses.
When a massive portion of supply is sitting in losses, this shift often suggests that confidence is fading. This is because a persistent period of stagnation or decline reduces profitability for recent buyers. This development is likely to play a key role in shaping the next direction of the price in the short term.
For those who bought the altcoin at a price higher than its current value of $1.35, their breakeven point is positioned at the $1.44 level. Whether the price drops below the current price or pushes beyond the breakeven point is up to this trend.
Addressing potential future outcomes, the expert stated that selling pressure could emerge close to the $1.44 level as holders exit at the breakeven point in the near term. Meanwhile, for the long term, XRP might clear the bull run, resulting in less resistance and a classic cycle.
A Fading Liquidity On Crypto ExchangesDuring the weakening price momentum, XRP liquidity on cryptocurrency exchanges is starting to flip negative, marked by thinning order books. As shared by Arthur, the CIO of Royal Peak Cap, the declining liquidity is particularly evident on Binance, the world’s largest trading platform, which has completely collapsed.
On the 30-day liquidity index, there has been a drop to historically low levels near zero (0). This positioning is a result of the declining trading volume from over $200 billion in January 2025 to almost nothing today, which can simply amplify uncertainty among traders.
Such a reading is capable of creating a classic double-edged situation. A bullish view would mean that long-term holders are not selling, and supply on the exchange is extremely thin. Thus, any real buying pressure would probably trigger sharp upward moves.
A cautious view would be shaped by traders’ fading interest, with the market in a wait-and-see mode. Historically, periods of extremely low liquidity have usually led to major price moves in both directions.
Bitcoin Transactions Hit Highest Since 2024—But Fees Remain Low
On-chain data shows the Bitcoin network activity has seen a sudden rebound after months of staying down, with transactions hitting 615,000.
Bitcoin Transaction Count Has Reached The Highest Level Since November 2024In a new thread on X, on-chain analytics firm CryptoQuant has discussed the revival that the Bitcoin network activity has witnessed recently. CryptoQuant has cited its “Network Activity Index” to showcase the rebound. This index combines the data related to different metrics like active addresses and transactions to provide an overview of the blockchain.
From the above chart, it’s visible that the Bitcoin Network Activity Index plunged below its 365-day moving average (MA) back in late 2024 and remained in a downtrend during 2025. The trajectory continued into the first quarter of 2026, but since the onset of the second quarter, fates appear to have flipped for the indicator.
Not only has the Network Activity Index managed to break past its 365-day MA, it has done so in a sharp manner, with its value shooting up. The reversal in the indicator has come alongside a sharp surge in the total number of transactions occurring on the Bitcoin network.
As displayed in the graph, the 7-day simple moving average (SMA) of the Bitcoin transaction count was muted earlier, but a recent sharp revival has meant that its value has reached a high of 615,000. This is the most amount of transfers on the BTC blockchain since November 2024, when the activity decline began.
Interestingly, while transactions have shot up, the total fees that Bitcoin miners are earning on the network have stayed at low levels.
The transaction fees can correlate with the demand for using the network that exists among users. The BTC blockchain only has a limited capacity to handle transfers, so in periods of network congestion, the average fees can blow up as senders compete against each other to get transfers through first. In contrast, when there isn’t much demand for getting moves through quickly, the fees can stay at low levels.
The Network Activity Index suggests that the Bitcoin network has observed a spike in usage, but the fees staying low could imply that the source may not entirely be organic demand, but rather a result of exchanges, custodians, and large holders taking advantage of the current low fee competition environment to make operational moves like UTXO management and wallet reshuffling.
BTC PriceBitcoin recovered above $70,000 on Monday, but the coin has since retraced back to $69,000.
Here’s Why The Dogecoin Price Could See Big Gains Soon
Crypto analyst KrissPax has provided a bullish case for the Dogecoin price, explaining why the foremost meme coin could soon see gains. This comes as DOGE struggles to reclaim the psychological $0.10 level, with the risk of further declines.
The Dogecoin Price Could Soon See GainsIn an X post, KrissPax stated that the Dogecoin price has been tightening within a symmetrical triangle for two months, with strong support at $0.09. He added that with crypto market sentiment and trading volume both low, he could see big gains, though he warned they could quickly reverse. On the other hand, he said that any quick drops will get bought up.
His accompanying chart showed that the Dogecoin price could target the $0.10 level in the short term. Crypto analyst CW also indicated that DOGE could soon see a bullish move. In an X post, he said that DOGE is approaching the end of its descending channel and that a breakout would signal a trend reversal. He added that market participants will be able to see the start of an uptrend for the leading meme coin this week.
Meanwhile, crypto analyst The Composite Trader stated that a big move is coming for the Dogecoin price, although he suggested that the move could end up being to the downside. He noted that price has been compressing for 60 days straight, building higher lows and creating sellside liquidity, while also building lower highs and creating buyside liquidity.
The analyst mentioned that, from a higher-timeframe perspective, the first move will most likely be a fake move, but ideally, he will look to profit from that first higher-timeframe move. He added that he is closely monitoring the lower timeframes to find an entry to derisk and leave run for HTF targets.
The Bear Market May Soon Be Over For DOGECrypto analyst Kevin Capital has suggested that the bear market may soon be over for the Dogecoin price. In an X post, he stated that the market is very likely in the latter half of the crypto bear market, possibly even slightly further along. He explained that nearly every momentum, money flow, and strength indicator, along with on-chain data, supports this view.
As such, the analyst advised that it may be time to shift one’s mindset from a cautious doomer to an opportunity hunter, especially for those who have been sitting on a lot of cash since last year. It is worth noting that DOGE could also see a rebound soon amid reports of a ceasefire between the U.S. and Iran.
At the time of writing, the Dogecoin price is trading at around $0.09061, down over 2% in the last 24 hours, according to data from CoinMarketCap.
Morgan Stanley Readies Spot Bitcoin ETF For Wednesday Debut – What Investors Should Know
Morgan Stanley is poised to become the first major US bank to launch a spot Bitcoin ETF, according to filings and market notices that indicate an April 8 debut.
The $1.9 trillion Wall Street firm’s entry would arrive more than two years after the US Securities and Exchange Commission (SEC) approved the first Bitcoin ETF back in January 2024.
Morgan Stanley’s Bitcoin ETF PushThe new fund, expected to trade under the ticker “MSBT” on the New York Stock Exchange (NYSE), carries an annual fee of 14 basis points. That price undercuts the current market leader, BlackRock’s IBIT, by 11 basis points — a sizable discount that Bloomberg expert Eric Balchunas called “semi‑shock.”
By Balchunas’s account, Morgan Stanley’s lower fee makes the product more palatable for the firm’s advisors and increases its chances of attracting outside assets.
Compared with many mainstream equity-index ETFs, which typically charge between 3 and 10 basis points, the bank’s fee positions its Bitcoin exposure closer to a commodity‑like pricing structure, the expert noted.
Roy Kashi, CEO of FalconEdge, suggested the move is intended to “blow the competition out of the water,” adding that Morgan Stanley’s low fee both legitimizes Bitcoin ETFs further and demonstrates the bank’s appetite to capture market share.
ETF Launch Anticipated To Spur Fee CompetitionExperts such as Balchunas expect the NYSE Arca listing notice to make the fund effective on April 8, at which point trading could begin. The expert has previously indicated that projections for first‑year assets under management will surface after the listing and further analysis.
However, if Morgan Stanley’s MSBT attracts significant inflows, it is anticipated that fee competition among issuers may increase, forcing other issuers to adjust their pricing, distribution, or product features.
The timing of Morgan Stanley’s drive also aligns with a changing regulatory and legislative landscape. Several major financial organizations have accelerated plans for direct Bitcoin exposure and infrastructure as a result of the Trump administration’s renewed stance toward clearer frameworks for digital assets.
As such, major financial firms, including Charles Schwab, have announced plans to expand their Bitcoin capabilities. This signals a growing interest among wealth managers, broker-dealers, and hedge funds, as noted in a social media post by Phong Le, CEO of Strategy.
Featured image from OpenArt, chart from TradingView.com
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