• Latest
  • All
  • Breaking
  • Announcements
  • Learn
  • Analysis
  • Current events
With Gold Stalling, Is It Bitcoin’s Turn? Traders Eye $95K as Key Breakout Level

With Gold Stalling, Is It Bitcoin’s Turn? Traders Eye $95K as Key Breakout Level

April 23, 2025
Perplexity AI eyes $20B valuation in new funding round after Chrome bid

Perplexity AI eyes $20B valuation in new funding round after Chrome bid

August 15, 2025
FBI warns of ‘fictitious law firms‘ targeting crypto scam victims

FBI warns of ‘fictitious law firms‘ targeting crypto scam victims

August 15, 2025
Citigroup weighs crypto custody as ETFs, stablecoins gain momentum

Citigroup weighs crypto custody as ETFs, stablecoins gain momentum

August 15, 2025
Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war

Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war

August 15, 2025
US Treasury’s Scott Bessent backpedals: Bitcoin buying still possible

US Treasury’s Scott Bessent backpedals: Bitcoin buying still possible

August 15, 2025
Investors target ‘fun-first’ crypto games as funding jumps 94% in July

Investors target ‘fun-first’ crypto games as funding jumps 94% in July

August 15, 2025
Crypto, fintech execs want Trump to ban bank fees for customer data

Crypto, fintech execs want Trump to ban bank fees for customer data

August 15, 2025
Bitcoin charts are similar to the 2021 top: Will history rhyme?

Bitcoin charts are similar to the 2021 top: Will history rhyme?

August 15, 2025
David Bailey’s Nakamoto closes KindlyMD merger for Bitcoin treasury

David Bailey’s Nakamoto closes KindlyMD merger for Bitcoin treasury

August 15, 2025
Coinbase says a ‘full-scale altcoin season’ may be just ahead

Coinbase says a ‘full-scale altcoin season’ may be just ahead

August 15, 2025
Spar rolls out nationwide stablecoin and crypto payments in Switzerland

Spar rolls out nationwide stablecoin and crypto payments in Switzerland

August 14, 2025
Vietnam police bust billion-dollar crypto Ponzi ring behind Paynet Coin scam: Report

Vietnam police bust billion-dollar crypto Ponzi ring behind Paynet Coin scam: Report

August 14, 2025
Friday, August 15, 2025
8V Crypto Academy
8V Academy - 8V.com - Your Cryptocurrency Gateway
  • About 8V
    • 8V Exchange
    • 8V Blog
  • Market Beat
    • Today Real-time Market Data
    • Web3
    • Breaking
    • Tokens
    • Markets
    • Compliance
    • Exchanges
    • Tech
    • GameFi
    • NFT
    • Defi
    • Miscellaneous
  • Platform
    • 8V Announcements
    • Events
      • Current Events
      • Closed Events
    • Product
      • 8V Overview
      • Assets
      • Exchange
        • Spot Trading
        • Futures Trading
        • Leverage Trading
      • Copy Trading
      • Earn
        • Fixed
        • Flexible
      • Cryptocurrency Debit Card
      • Buy Crypto Instantly
      • Strategy Trading
    • Trading Fees and Limits
    • 8V Exchange API
    • Referral Scheme
    • Bug Bounty
    • FAQ
      • Account Functions
      • Deposits & Withdrawals
      • Others
  • Academy
    • How To Buy Crypto
    • Learning Centre
    • Analysis Center
    • Crypto Glossary
  • Business
    • Coin Listing Request
    • Crypto Trader Application
    • Partnerships
  • Policy
    • Privacy Policy
    • Service Agreement
    • Disclaimer
    • Compliance Notice
  • English
    • English
    • 中文 (台灣)
    • 中文 (中国)
  • Members
    • Login
    • Register
    • Activate
    • Add New Friends
No Result
View All Result
  • About 8V
    • 8V Exchange
    • 8V Blog
  • Market Beat
    • Today Real-time Market Data
    • Web3
    • Breaking
    • Tokens
    • Markets
    • Compliance
    • Exchanges
    • Tech
    • GameFi
    • NFT
    • Defi
    • Miscellaneous
  • Platform
    • 8V Announcements
    • Events
      • Current Events
      • Closed Events
    • Product
      • 8V Overview
      • Assets
      • Exchange
        • Spot Trading
        • Futures Trading
        • Leverage Trading
      • Copy Trading
      • Earn
        • Fixed
        • Flexible
      • Cryptocurrency Debit Card
      • Buy Crypto Instantly
      • Strategy Trading
    • Trading Fees and Limits
    • 8V Exchange API
    • Referral Scheme
    • Bug Bounty
    • FAQ
      • Account Functions
      • Deposits & Withdrawals
      • Others
  • Academy
    • How To Buy Crypto
    • Learning Centre
    • Analysis Center
    • Crypto Glossary
  • Business
    • Coin Listing Request
    • Crypto Trader Application
    • Partnerships
  • Policy
    • Privacy Policy
    • Service Agreement
    • Disclaimer
    • Compliance Notice
  • English
    • English
    • 中文 (台灣)
    • 中文 (中国)
  • Members
    • Login
    • Register
    • Activate
    • Add New Friends
No Result
View All Result
8V Crypto Academy
No Result
View All Result

With Gold Stalling, Is It Bitcoin’s Turn? Traders Eye $95K as Key Breakout Level

April 23, 2025
in Breaking, News
Reading Time: 3 mins read
A A

The crypto market’s rally stalled on Wednesday after U.S. Secretary of Treasury Scott Bessent reiterated that a proper trade deal between Washington and Beijing would take years to ink out.

Bitcoin (BTC) is up 2.6% in the last 24 hours and 12.2% in the last seven days, trading at $93,600 for the first time since the beginning of March. The largest cryptocurrency was outperformed by large swaths of the market, with the CoinDesk 20 — an index of the top 20 coins, excluding stablecoins, memecoins and exchange tokens — rose 4.2% in the last 24 hours. Sui (SUI) jumped 24% in that period of time, while Cardano’s ADA and Chainlink’s LINK both saw 7% gains.

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto Long & Short Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.
CoinDesk 20 Index performance (CoinDesk)

Crypto stocks, which opened strong, saw their performance dampen as the day unfolded. Miners such as Bitdeer (BTDR) and Core Scientific (CORZ) fell back from double-digit gains, closing the day up roughly 4%. Coinbase (COIN) and Strategy (MSTR) are up 2.1% and 1.4%, respectively.

U.S. President Donald Trump seemed to be dialing down the pressure on China in the last few days, saying that tariffs on the Middle Kingdom would “come down substantially” on Tuesday. Bessent, however, said on Wednesday that the White House had not made a unilateral offer to cut tariffs on China, and that a deal between the two nations would take two to three years to achieve.

“A meaningful thaw in relations may not materialize until substantive news emerges from the upcoming Xi-Trump meeting,” said Paul Howard, director at crypto trading firm Wincent. Markets priced in the initial tough stances and tariff threats, which kept a lid on risk appetite over the past two months, he said.

“History suggests that once the opening volleys pass, more constructive developments and easing volatility typically follow,” Howard said, which could support risk assets such as crypto.

In a sign of renewed investor demand, U.S.-listed spot BTC exchange-traded funds (ETFs) have recorded nearly $1.3 billion in net inflows this week so far, according to SoSoValue data. The funds booked their strongest day on Tuesday since mid-January.

“This [crypto] rally isn’t retail-driven hype—it’s institutional capital positioning ahead of what many see as a new monetary and political regime,” said Matt Mena, crypto research strategist at digital asset manager 21Shares. “More investors are turning to it not just as a speculative asset, but as a flight to safety amid rising uncertainty across traditional markets.”

Despite the strong price action, Mena added that BTC is facing resistance at around the $95,000 level in the short term and could pull back.

Gold, meanwhile, is down 2.5% today, trading at $3,290 per ounce after a run that saw the precious metal rise 35% to $3,500 in the span of four months, possibly hinting that the market could be moving past peak uncertainty.

Gold stalling after a massive rally could bode well for bitcoin, said Charles Edwards, founder of bitcoin-focused hedge fund Capriole Investments. Posting a chart on X on Wednesday, he noted that BTC historically followed gold’s gains with a few-month lag.

Bitcoin tended to follow gold's rallies with a lag over the past years (Charles Edwards)

“Bitcoin is showing significant strength,” Edwards said in an X post. “We have decoupled from risk assets and the market is now starting to front-run the fact that bitcoin is digital gold. If risk assets were to decay further from here, BTC is the ultimate QE [quantitative easing] hedge.”

Read more: Bitcoin Breaches ‘Ichimoku Cloud’ to Flash Bullish Signal While Altcoins Lag: Technical Analysis

 

Previous Post

Previewing the Canadian Election’s Crypto Angle

Next Post

Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M

Related Posts

Perplexity AI eyes $20B valuation in new funding round after Chrome bid
Breaking

Perplexity AI eyes $20B valuation in new funding round after Chrome bid

August 15, 2025
FBI warns of ‘fictitious law firms‘ targeting crypto scam victims
Breaking

FBI warns of ‘fictitious law firms‘ targeting crypto scam victims

August 15, 2025
Citigroup weighs crypto custody as ETFs, stablecoins gain momentum
Breaking

Citigroup weighs crypto custody as ETFs, stablecoins gain momentum

August 15, 2025
Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war
Breaking

Trump-backed American Bitcoin orders 16K Bitmain ASICs amid ongoing trade war

August 15, 2025
US Treasury’s Scott Bessent backpedals: Bitcoin buying still possible
Breaking

US Treasury’s Scott Bessent backpedals: Bitcoin buying still possible

August 15, 2025
Investors target ‘fun-first’ crypto games as funding jumps 94% in July
Breaking

Investors target ‘fun-first’ crypto games as funding jumps 94% in July

August 15, 2025
Next Post
Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M

Solana Buying for Balance Sheet Gains Momentum as DeFi Development Raises Holdings to $48M

Please login to join discussion
Top 20 Coins
Click on coin symbol for more information.
SYMBOL
PRICE
1D%
1W%
TREND
BTC
$118,836.00
-2.20%
1.77%
59%
ETH
$4,629.08
-2.49%
18.51%
83%
XRP
$3.1105
-3.58%
-6.61%
52%
BNB
$845.35
-1.85%
7.49%
84%
SOL
$194.82
-4.85%
10.45%
69%
DOGE
$0.2314
-3.99%
3.35%
67%
ADA
$0.9482
-3.83%
18.42%
98%
TRX
$0.3585
-2.65%
6.05%
73%
HYPE
$48.3140
2.64%
18.13%
90%
LINK
$22.3236
-5.30%
15.28%
48%
SUI
$3.8345
-3.30%
0.43%
67%
XLM
$0.4284
-3.84%
-7.82%
53%
BCH
$595.33
-2.04%
2.41%
68%
HBAR
$0.2538
-4.74%
-4.03%
55%
AVAX
$24.8051
-1.17%
5.29%
76%
LTC
$120.95
-5.94%
-1.25%
44%
TONCOIN
$3.4659
-1.47%
2.81%
68%
LEO
$9.6452
4.17%
7.19%
99%
SHIB
$0.0000
-5.11%
0.06%
25%
UNI
$10.9954
-4.71%
3.27%
52%
to of
Page of
Powered By 8V.com

Academy Analysis Announcements Blog Breaking Closed events Compliance Current events Events GameFi Learn Miscellaneous News NFT Platform Tech

  • Top 10 Altcoins to Watch in Q4 2025 to Q4 2026
  • 2026 Crypto Trend Prediction: Uncovering Future Shifts in Crypto Sectors
  • Unveiling the Future: Can Ethereum’s Upgrade Solve Economic Scalability Challenges
  • Elon Musk and Crypto: A Comprehensive Analysis and Shift in Strategy
  • Surviving the Crypto Shakeout: A Deep Dive into 1,200 Seed-Funded Projects from the Last Two Years
  • Analyzing Uniswap & Unichain
  • Analyzing Bitcoin Mining Pools and the Impact of Bitcoin Halving
8v.com - download APP 8v.com - download APP 8v.com - download APP
  • About 8V
  • Download APP
  • Announcements
  • Breaking News
  • RSS Feeds
  • Service Agreement
  • Privacy Policy
  • Disclaimer

© 2025 8V.com - 8V Crypto Academy - Empower your crypto journey! 8V.com

No Result
View All Result
  • About 8V
    • 8V Exchange
    • 8V Blog
  • Market Beat
    • Today Real-time Market Data
    • Web3
    • Breaking
    • Tokens
    • Markets
    • Compliance
    • Exchanges
    • Tech
    • GameFi
    • NFT
    • Defi
    • Miscellaneous
  • Platform
    • 8V Announcements
    • Events
      • Current Events
      • Closed Events
    • Product
      • 8V Overview
      • Assets
      • Exchange
      • Copy Trading
      • Earn
      • Cryptocurrency Debit Card
      • Buy Crypto Instantly
      • Strategy Trading
    • Trading Fees and Limits
    • 8V Exchange API
    • Referral Scheme
    • Bug Bounty
    • FAQ
      • Account Functions
      • Deposits & Withdrawals
      • Others
  • Academy
    • How To Buy Crypto
    • Learning Centre
    • Analysis Center
    • Crypto Glossary
  • Business
    • Coin Listing Request
    • Crypto Trader Application
    • Partnerships
  • Policy
    • Privacy Policy
    • Service Agreement
    • Disclaimer
    • Compliance Notice
  • English
    • English
    • 中文 (台灣)
    • 中文 (中国)
  • Members
    • Login
    • Register
    • Activate
    • Add New Friends

© 2025 8V.com - 8V Crypto Academy - Empower your crypto journey! 8V.com