CoinSignals

Bitcoin and the broader crypto market are still showing signs of weakness despite the recent price rebound, according to on chain analytics firm Glassnode.

The firm described the current environment as subdued and lacking strong conviction, with limited activity in the spot market. Trading volume remains relatively low, and Binance’s thirty day relative volume is still below the baseline level of one, signaling weak organic demand behind the recent price stabilization.

Bitcoin briefly reached a three week high of seventy two thousand seven hundred dollars following news of a two week ceasefire between the United States and Iran. However, the price quickly pulled back during Thursday’s Asian trading session, dropping below seventy one thousand dollars. Glassnode noted that Bitcoin is still trading within what it considers the bear market value zone.

Volatility Risks Remain Elevated

Market uncertainty continues to build as geopolitical developments evolve. Reports indicate that Iran may restrict the number of ships passing through the Strait of Hormuz, pushing crude oil prices back up to around ninety seven dollars per barrel.

Market intelligence platform Santiment observed that the recent price movement resembled a buy the news reaction following the ceasefire announcement by United States President Donald Trump. However, the presence of conflicting reports suggests the situation may be better understood as a buy the rumor scenario, increasing the likelihood of significant volatility ahead.

Adding to concerns, CryptoQuant analyst Darkfost highlighted a sharp decline in the number of Bitcoin addresses depositing funds on exchanges, which signals slowing market activity.

The number of depositing addresses has dropped to around thirty one thousand per day based on a thirty day moving average, marking a ten year low and aligning with levels last seen in 2017. This is significantly below the annual average of forty seven thousand.

Historically, such a steep decline in deposit activity tends to occur during the later stages of bear markets, when overall interest begins to fade.

Crypto Market Momentum Begins to Fade

The total cryptocurrency market capitalization has fallen by about one point three percent to two point four nine trillion dollars, as earlier gains this week start to weaken.

Ethereum has also slipped slightly to around two thousand one hundred eighty dollars, while most altcoins are trading lower. Larger losses have been observed among assets such as XRP, Solana, Dogecoin, Cardano, Chainlink, and Monero.

Despite the cautious outlook, Real Vision chief executive Raoul Pal remains optimistic. He pointed out that global liquidity is increasing, including rising money supply measures in the United States and China, which historically supports higher risk assets like cryptocurrencies.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Argentine authorities are reviewing phone logs connected to President Javier Milei as part of an ongoing investigation into the LIBRA token. These records have become a key element in the probe and could help determine his level of involvement during the token’s launch.

The case focuses on LIBRA, a cryptocurrency built on the Solana network that debuted in February 2025. The project gained widespread attention after Milei shared information about it on X before it was broadly known to the public.

Phone Calls With Mauricio Novelli Under Scrutiny

Individuals linked to the LIBRA project include entrepreneur Mauricio Novelli and Hayden Davis of Kelsier Ventures. Critics have raised concerns that insiders may have exited early, fueling speculation about a possible rug pull.

Shortly after Milei’s post, the token’s price surged rapidly within minutes before experiencing a sharp decline. Estimates indicate that roughly two hundred fifty million dollars in market value was lost during the drop.

Investigators believe the phone records could challenge Milei’s earlier public statements. The logs reportedly show that he held multiple calls with Novelli on the night of the launch.

These conversations are said to have started shortly before his post and continued while the token’s price was moving quickly, raising questions about whether the communication was connected to market activity.

Milei later removed his post and stated that he had no prior knowledge of the project’s structure. However, the call data has led prosecutors to take a closer look at the sequence of events.

Messages Raise Questions About Possible Payments

The investigation has also expanded to include messages recovered from devices belonging to Novelli. Some of these communications appear to reference recurring payments to Milei during his earlier political career.

One message described these payments as a form of monthly compensation, while draft proposals suggested a connection between financial incentives and public endorsements.

Separate reports also mention claims by Davis regarding access to Milei’s inner circle. These claims included references to possible payments involving Karina Milei, although no confirmed transactions have been identified.

All individuals involved have denied any wrongdoing and insist that their interactions were routine. Milei has not been formally charged but remains under review as a person of interest.

The case has sparked renewed debate about the relationship between public officials and digital assets. Regulators in Argentina and other regions continue to monitor developments as the investigation progresses.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Adam Back has firmly denied speculation that he is the elusive creator of Bitcoin, Satoshi Nakamoto.

His latest response comes after a report by New York Times journalist John Carreyrou suggested that he could be the strongest candidate behind the pseudonym.

Back Responds to the Allegations

After the article was published, Back addressed the claims on X, clearly stating that he is not Satoshi.

The Blockstream founder explained that he had been highly active on the Cypherpunks mailing list since the early 1990s, where he frequently discussed electronic cash and cryptographic privacy.

He noted that this long history likely explains why researchers often find similarities between his past work and the ideas later reflected in Bitcoin. His consistent participation also created a detailed public record, making his contributions easy to trace and analyze.

Back added that his frequent posts meant he would have appeared regularly in discussions on topics related to Bitcoin, especially compared to others with similar interests who were less active.

When asked about Satoshi’s true identity, Back maintained that he does not know who it is. He also emphasized that this mystery benefits Bitcoin, as it allows the asset to be viewed as a mathematically scarce digital commodity rather than a project tied to any individual.

Details Behind the Investigation

Carreyrou’s argument is built on several observations. Back is British, participated in the Cypherpunks community during the 1990s, and created Hashcash, a proof of work system that Satoshi referenced in the Bitcoin white paper.

The report also claims that more than one hundred words and phrases from Satoshi’s writings closely match those found in Back’s archived mailing list posts.

Another point raised involves Satoshi’s tendency to embed political messages within Bitcoin’s design. Carreyrou linked this to a 2002 post in which Back inquired about the 1933 United States gold seizure, an event that Satoshi later referenced within Bitcoin as commentary on government control over money.

Additionally, Back’s expertise in distributed computing and his knowledge of the C++ programming language align with what is known about Satoshi’s technical background.

Despite these connections, Carreyrou acknowledged that they do not provide definitive proof. He noted that only cryptographic verification could conclusively establish Satoshi’s identity, something only Back himself could provide if he were truly responsible.

Emails between Back and Satoshi, which became public during the London fraud trial of Craig Wright, offer further context. In those messages, Satoshi contacted Back in August 2008 to confirm a reference before releasing the Bitcoin white paper.

Many interpret these emails as evidence that the two individuals are separate. However, Carreyrou suggested the possibility that Back could have sent the messages to himself as a form of cover, a theory that has been widely met with skepticism.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

A long running downtrend across the altcoin market may be losing strength as selling pressure begins to fade.

Altcoins are now showing technical signals not seen since 2020, with a multi year wedge breakout and a potential MACD crossover drawing significant attention in the crypto market this week. This development has renewed speculation that a broader altcoin rally could be taking shape.

Breakout Pattern and Momentum Signals Reappear

Analyst Mark Chadwick highlighted these signals in a post on X on April 8, stating that altcoins are beginning to look extremely strong. His analysis focuses on a falling wedge pattern that has developed over several years on the TOTAL2 chart, which tracks the combined market capitalization of altcoins excluding Bitcoin.

This structure, formed since the 2021 market peak, reflects a prolonged downtrend accompanied by weakening selling pressure. According to Chadwick, altcoins have now broken above this wedge, a move that is widely interpreted as a potential reversal signal.

He also noted that the MACD indicator is approaching a bullish crossover. If confirmed, it would resemble a similar setup seen in 2020 that preceded the last major altcoin rally.

Chadwick explained that if the MACD turns positive and confirms the crossover in the coming weeks, it could signal further upward movement.

Other analysts have shared similar perspectives. Crypto Patel observed that altcoins are rebounding from a long term trendline that originated from the lows of 2022, suggesting that the market may have already formed a bottom.

At the same time, data from CoinGecko indicates that the market is strengthening in the short term. Several altcoins including Zcash, LayerZero, Ethena, and Arbitrum have recorded gains of more than ten percent within the past twenty four hours.

The broader crypto market has also moved higher, with total market capitalization rising by over four percent to approximately two point five trillion dollars. Bitcoin has climbed back above seventy two thousand dollars after gaining more than five percent.

Open interest has increased by more than seven percent to one hundred thirteen billion dollars, according to CoinGlass. This rise, along with higher liquidations, points to growing speculative activity in the market.

Mixed Conditions Follow Prolonged Weakness

The recent optimism comes after a challenging period for altcoins. Data released toward the end of March showed that more than forty percent of tokens were trading near their all time lows, marking a deeper decline than during the previous bear market. Analysts at the time attributed this to fragmented liquidity, with a large number of tokens competing for limited capital.

Market conditions have remained uneven even in the past week. Bitcoin briefly declined near seventy thousand dollars, which led to drops in several altcoins including Avalanche and Cardano.

On a more positive note, analyst Ash Crypto recently pointed out that ALT to BTC charts are gaining momentum, with multiple positive MACD bars appearing for the first time in years. However, they cautioned that a full altcoin cycle has not yet been confirmed, as factors such as Bitcoin dominance and overall market liquidity still need to shift.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin’s rebound is strengthening, but a critical signal suggests the move may not be over yet.

Bitcoin recorded a strong recovery on Wednesday after Iran’s Supreme National Security Council agreed to a two week ceasefire. The cryptocurrency briefly surged above seventy two thousand seven hundred dollars after gaining more than five percent in a single day before settling around seventy one thousand six hundred dollars.

The recovery was especially noticeable in the derivatives market, where sentiment indicators pointed to a clear upward shift. However, the broader market structure still appears to be lagging behind.

Possibility of Rejection Still Exists

During this period, the Bitcoin Futures Advanced Sentiment Index climbed sharply from twenty three point four to fifty three point one, based on data from analyst Axel Adler Jr. This index combines several metrics such as price action, taker flow, open interest, and signed volume delta, showing that the recovery extended beyond price movement alone.

The data suggests that the market has moved out of a short term pressure phase and entered a renewed risk taking environment. Despite this improvement, the index had earlier reached a higher peak of sixty five point six before easing, indicating that some of the initial momentum has already cooled.

While the smoothed version of the index continues to trend upward and currently sits around forty one point eight, recent readings point more toward stabilization than continued acceleration. This implies that sustained strength is still required to support the recovery.

Meanwhile, Bitcoin’s underlying price structure has improved more gradually compared to derivatives data. The Structure Shift Composite Signal, which evaluates price position within a twenty one day trading range, rose from negative zero point five eight to negative zero point zero three during the same period.

This shift indicates a move from a clearly bearish structure to a nearly neutral one. However, Bitcoin is still trading at about twenty nine percent of its twenty one day range, placing it in the lower portion rather than near the top. This pattern suggests that although selling pressure has eased and stability has improved, a lasting upward trend has not yet been confirmed.

For a stronger and more convincing reversal, Bitcoin would need to hold above key medium term moving averages, maintain a consistently positive structural signal, and continue pushing higher within its trading range.

The contrast between derivatives sentiment and actual price structure highlights a clear imbalance. While futures data reflects a rapid improvement in market confidence, price action has not fully caught up. This suggests the recent rally may still be part of a transition phase rather than a confirmed trend shift. In simple terms, the market looks stronger than it did a few days ago, but it has not yet built the foundation needed for sustained growth.

Short Term Outlook Faces Uncertainty

Amid this cautiously improving outlook, analyst Ted Pillows noted that after Bitcoin moved back above the key seventy thousand dollar level, the next critical zone lies between seventy two thousand and seventy four thousand dollars. This range is likely to determine the next direction of price movement.

If Bitcoin breaks above this zone and maintains its position, it could open the path toward retesting its March highs. However, failure to hold this level may result in a pullback toward sixty eight thousand dollars.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin surged closer to 73,000 dollars after reports emerged suggesting that Iran may require cryptocurrency payments for vessels passing through the Strait of Hormuz.

According to a report from the Financial Times, Iranian officials could request payments in Bitcoin or other digital assets from ships using the strategic waterway. Hamid Hoisseini, a spokesperson for Iran’s Oil, Gas, and Petrochemical Products Exporters’ Union, reportedly stated that fees would be collected in crypto after tankers declare their cargo. The suggested charge is about 1 dollar per barrel, while empty vessels would not be required to pay.

All ships are expected to be monitored during the two week ceasefire to prevent the smuggling of weapons. The ceasefire was announced earlier by Donald Trump following heightened tensions in the region.

Bitcoin had already reacted strongly to the ceasefire announcement, climbing from around 68,000 dollars to a multi week high near 72,000 dollars. It briefly pulled back to around 71,400 dollars before the new report surfaced, then pushed again to almost 73,000 dollars, marking a fresh three week high.

Following the ceasefire agreement, Trump also warned that countries supplying military weapons to Iran could face a 50 percent tariff. He further stated that Iran would not be allowed to enrich uranium and suggested that the United States would assist in removing nuclear related materials.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Economists at the Council of Economic Advisers have expressed opposition to proposals that would prevent crypto platforms from offering yields on stablecoin deposits, as discussions around the Clarity Act intensify.

The group, which operates within the executive office of the White House, stated that restricting yield offerings would not significantly strengthen community banks or improve lending conditions. Instead, they argued that such a ban would reduce consumer benefits without delivering meaningful financial system gains.

In its statement, the council noted that the conditions required to justify a positive economic outcome from prohibiting yield are unlikely to exist. It further explained that banning yield would do little to support bank lending while removing the advantage of competitive returns for stablecoin holders.

The debate is part of a broader conflict between traditional banking interests and the crypto industry. Lawmakers are considering how to address this issue through the Clarity Act, which could either prohibit third party rewards on stablecoins or formally regulate them as permitted financial products.

Recent drafts of the legislation have suggested restricting crypto platforms from offering any form of stablecoin rewards, whether directly or indirectly, including structures that resemble interest bearing deposits. The goal of that approach is to eliminate regulatory loopholes and prevent crypto firms from replicating traditional banking products.

The latest position from the Council of Economic Advisers contrasts with those proposals, highlighting ongoing divisions as the policy discussion continues to develop.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

The cryptocurrency market saw a strong surge over the past 12 hours after the United States and Iran agreed to a ceasefire, pushing Bitcoin to nearly 73,000 dollars, its highest level in three weeks.

Many altcoins delivered even stronger performance, with Ethereum rising above 2,250 dollars, XRP approaching 1.40 dollars, and Hyperliquid moving close to 40 dollars.

Bitcoin Price Action Driven by Geopolitical Developments

Recent Bitcoin movements have closely followed developments in the conflict involving Iran. The asset fell to a monthly low of about 65,000 dollars last Monday after earlier threats over the weekend. It later recovered to 69,000 dollars but was pushed back below 66,000 dollars by the end of the week.

Over the weekend, markets remained relatively calm in price action but were active in terms of geopolitical statements. Attention centered on a deadline reportedly set by the President of the United States for Iran to reopen the Strait of Hormuz by Tuesday evening, with warnings of possible strikes on infrastructure if demands were not met.

Just before the deadline, both sides announced a two week ceasefire. The news triggered immediate volatility across financial markets. Oil prices dropped sharply, while Bitcoin, gold, and equities moved higher. Bitcoin briefly climbed near 73,000 dollars for the first time in three weeks before easing back to below 72,000 dollars at the time of writing.

Bitcoin’s market capitalization has risen to about 1.435 trillion dollars, with dominance over altcoins approaching 57 percent according to CoinGecko.

Altcoins Rally Across the Board

Most altcoins joined the upward move. Ethereum gained about 7 percent to reach 2,250 dollars, XRP rose around 5 percent to near 1.40 dollars, and Solana climbed 6 percent to about 85 dollars. Cardano and Hyperliquid both advanced roughly 7 percent.

Zcash led the market with a 21 percent surge to 325 dollars, while Rainbow Token gained about 20 percent. LayerZero rose 16 percent, pushing it back into the top 100 cryptocurrencies by market capitalization. Other double digit gainers included ENA, ICP, Render, and TAO.

Overall, the total cryptocurrency market capitalization increased by about 100 billion dollars in a single day, reaching approximately 2.53 trillion dollars according to CoinGecko.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin surged to a three week high after geopolitical tensions eased following news of a temporary ceasefire agreement involving the United States and Iran.

Bitcoin reached about 72,380 dollars in early Asian trading on Wednesday morning, its highest level since March 18. Despite the sharp move upward, the asset remains stuck within a two month trading range, suggesting that the rally may be short lived unless a stronger breakout occurs.

The price increase followed an announcement by U.S. President Donald Trump regarding a two week ceasefire agreement with Iran, conditional on the reopening of the Strait of Hormuz. Reports indicate that Iran accepted the proposal, which was also approved by the country’s new Supreme Leader, Mojtaba Khamenei.

Following the news, crypto assets, precious metals, and Asian equities all moved higher, while oil prices dropped sharply. West Texas Intermediate and Brent crude fell by roughly 15 percent to around 96 dollars per barrel, helping to ease inflation concerns.

Market Outlook for Bitcoin

According to Jeff Mei, chief operating officer at BTSE, the future direction of the crypto market will depend heavily on how energy supply conditions evolve and how that affects inflation trends. He noted that if inflation declines enough to allow the Federal Reserve to resume interest rate cuts, crypto assets could see a strong rally. Even without rate cuts, he added that continued economic strength could still support upward momentum in digital assets.

Data from Santiment shows that social sentiment has turned optimistic, with many market participants viewing the ceasefire news as a potential turning point in the conflict.

Analyst Sykodelic noted that Bitcoin has reclaimed a short term bullish structure by closing above the 50 day exponential moving average, describing it as a sign of strength that suggests further upside potential.

The Kobeissi Letter also commented that market reactions reflect a broader backdrop where geopolitical uncertainty is intersecting with rapid technological growth and shifting inflation expectations.

Jamie Coutts, chief analyst at RealVision, described the move as bullish after a prolonged consolidation near recent lows, though he remained cautious about the medium term outlook. He added that short term indicators may soon flash a buy signal, while longer term trends are still needed to confirm a full recovery.

At the time of writing, Bitcoin had pulled back slightly to around 71,450 dollars but remained up about 4.3 percent on the day.

Altcoins and Broader Crypto Market Reaction

Ethereum also reacted positively, rising about 6 percent to around 2,250 dollars before slightly retreating. However, it remains within a broader range and continues to face strong resistance at current levels.

Other major altcoins, including XRP, Solana, Dogecoin, Cardano, Chainlink, and Hyperliquid, also recorded gains. Zcash stood out with a 28 percent surge, while Tron and Canton declined on the day.

Total crypto market capitalization rose to about 2.52 trillion dollars on Wednesday morning, marking its highest level in three weeks.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic

Bitcoin futures open interest has dropped sharply, falling from 42 billion dollars in October 2025 to about 21 billion dollars as of April 8, 2026. This represents a 50 percent decline in leveraged positioning across the market.

Data from analytics platform BIT suggests that the decline reflects a broad market reset after months of sideways trading, leaving Bitcoin in a state where it may be positioned for a significant move.

On chain analyst Markus Thielen noted in BIT’s report that excessive positioning has been cleared out and that traders have significantly reduced their exposure. Funding rates have also become unstable, fluctuating between negative 12 percent and positive 7 percent, showing the absence of a clear directional trend in derivatives markets.

The report indicates that the derivatives landscape is now more balanced, with no dominant bullish or bearish positioning. It also highlights that even during recent geopolitical tensions, there have been no major liquidation cascades, suggesting that much of the excess risk has already been removed from the system. The last major liquidation event reportedly occurred on February 6.

Thielen added that while reduced leverage does not guarantee an immediate breakout, it does make the market more sensitive to new catalysts. This means that even small changes in sentiment or capital inflows could trigger sharper price movements than in recent months.

This shift comes as Bitcoin has recently gained momentum. Prices briefly climbed to around 72,000 dollars following news of a temporary ceasefire between the United States and Iran. Prior to that, market sentiment had been pressured by warnings from Donald Trump regarding potential attacks on Iranian infrastructure linked to the Strait of Hormuz. At that time, Bitcoin struggled to break above 70,000 dollars. As of writing, Bitcoin remains just under 72,000 dollars, up more than 4 percent over the past 24 hours, with both weekly and monthly trends still positive.

Ethereum Shows a Different Market Structure

The situation in Ethereum presents a contrasting picture. According to a post shared on April 6 by analyst Darkfost, Ethereum open interest has climbed back close to its all time high of 7.8 million ETH, recovering nearly 3 million ETH since October of the previous year.

At the same time, trading patterns on Binance show a growing imbalance, with futures trading volumes now roughly seven times higher than spot trading volumes, while the spot to futures ratio has fallen to its lowest level on record.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic