Author: Monicah W

The post Crypto Price Today: Dogecoin Dips While Bitcoin Price Steadies Amid Tariff News appeared first on Coinpedia Fintech News

The crypto market today experienced a pullback, with major cryptocurrencies slipping as profit-taking kicked in after a solid run earlier in the week. 

Dogecoin (DOGE) was hit the hardest, falling more than 5%, while Bitcoin (BTC) maintained its stability around the $93,000 mark. 

Other large-cap tokens such as XRP, Solana (SOL), and Binance Coin (BNB) experienced losses of over 2%, with Ether (ETH) seeing a milder dip of 1.5%.

Why the Sudden Crypto Sell-Off?

The crypto market dropped by a modest 2.5%. This sell-off was not triggered by any negative news but rather by profit-taking after earlier gains. While global economic risks and political uncertainties continue to impact sentiment, Bitcoin stood resilient, attracting over $916 million in ETF inflows. Investors are increasingly viewing Bitcoin as a safe-haven asset amid volatile market conditions.

According to Vugar Usi Zade, an analyst at Bitget, Bitcoin’s correlation with stocks continues to weaken, while the U.S. dollar’s decline adds to its appeal as a store of value. However, short-term market movements remain heavily influenced by macroeconomic signals.

Global Politics and Macro Tensions Fuel Volatility

The global political landscape adds another layer of uncertainty. Although President Donald Trump recently reassured the market by stating that he does not intend to fire Fed Chair Jerome Powell, easing some bond market nerves, the ongoing trade war with China remains a wildcard. 

Some Chinese goods face tariffs as high as 245%, keeping tensions high. Meanwhile, QCP Capital notes that Powell’s statement removed a key risk factor, but geopolitical instability and unclear regulations continue to weigh on the market sentiment.

As a result, the market remains in a “wait-and-watch” phase. Bitcoin’s steady price action and growing ETF demand offer optimism, but the broader crypto market, particularly meme coins like DOGE, remains vulnerable to sentiment shifts.

Dogecoin: Analysts Spot Breakout Potential

Despite the current market dip, DOGE analysts remain optimistic about the coin’s long-term prospects. Crypto analyst Javon Marks believes that Dogecoin is still in an uptrend, despite its recent dip. He highlights that the price has been forming higher lows and higher highs, a classic pattern that indicates continued upward momentum. Marks predicts that DOGE could potentially reach $0.6533 or even $1.25 in the future if the bullish momentum continues.

On the other hand, analyst Ehsan Zeydabadi identifies a symmetrical triangle pattern forming for DOGE, a setup often indicative of an impending breakout. If DOGE breaks above its resistance levels soon, it could move towards $0.194, but if it fails to break out, the price could drop to around $0.146 or lower.

Bitcoin Price Today: Market Resilience Amid Volatility

While other cryptocurrencies face uncertainty, Bitcoin (BTC) has proven to be a resilient asset, attracting growing interest from institutional investors. Today, Bitcoin remains strong, holding near the $93,000 mark, as it benefits from its safe-haven appeal in uncertain economic times. 

This, coupled with its weakening correlation with traditional stocks and the declining U.S. dollar, positions Bitcoin as a potential store of value for the long term.

The post Crypto Price Today: Dogecoin Dips While Bitcoin Price Steadies Amid Tariff News appeared first on Coinpedia Fintech News
The crypto market today experienced a pullback, with major cryptocurrencies slipping as profit-taking kicked in after a solid run earlier in the week.  Dogecoin (DOGE) was hit the hardest, falling more than 5%, while Bitcoin (BTC) maintained its stability around the $93,000 mark.  Other large-cap tokens such as XRP, Solana (SOL), and Binance Coin (BNB) …

Bitcoin price forecast enters a critical phase as BTC trades near record highs. While macro trends and ETFs support the rally, on-chain activity warns of a looming correction, with long-term holders offloading coins near peak levels.

Bitcoin price tops $94K setting new peak in 3 consecutive days

Bitcoin extended its recent rally to reach a new all-time high of $94,220 on April 23, climbing nearly 4% over the last 24 hours. This marks the third consecutive day the leading cryptocurrency has posted a fresh peak, beginning April 20.

The bullish momentum follows renewed macroeconomic uncertainty, as former President Donald Trump intensifies political pressure on Federal Reserve Chair Jerome Powell, reigniting investor concerns over monetary policy direction.

Traders and institutional players appear to be pricing in heightened volatility in traditional markets, as Trump publicly criticized the Fed’s current leadership and reaffirmed his stance on aggressive tariffs.

These statements have catalyzed a rotation of capital from risk-weighted equity sectors into Bitcoin and related crypto products. This trend is in line with BTC’s historical behavior as a hedge asset during periods of political and monetary instability.

Bitcoin ETFs pulled highest inflows since inception

Bitcoin ETFs posted their strongest single-day net inflow in 2025 on Tuesday, with over $921 million added to fund holdings, according to Farside data. The record-breaking inflow underscores rising institutional demand, particularly as macroeconomic concerns and trade policy risks escalate.

The spike in ETF allocations occurred as traditional stock indices wavered midweek amid renewed trade rhetoric from Trump’s camp and speculation surrounding the potential ousting of Fed Chair Jerome Powell.

Analysts interpret this as a reallocation of capital, with Bitcoin ETFs benefitting from risk-off sentiment in equities.

The $100,000 psychological barrier now appears within reach, yet on-chain signals suggest underlying risks that could derail momentum.

Age Consumed surged to 12 million BTC signalling intense profit take from long-term holders

While price and institutional inflows point to a strengthening bull cycle, on-chain data tells a more nuanced story.

According to Santiment, Bitcoin’s Age Consumed—a metric tracking the movement of previously dormant coins—spiked dramatically from 2.03 million BTC on April 19 to over 12 million BTC by April 23.

This sharp increase in Age Consumed signals that Bitcoin long-term holders are moving large quantities of previously idle coins, often associated with profit-taking or strategic exits.

The sudden surge in Age Consumed typically reflects distribution from older wallets, a trend that has historically preceded local tops or significant pullbacks.

The movement suggests that some long-term investors may be capitalizing on Bitcoin’s latest highs, potentially dampening bullish momentum in the near term.

While not definitive on its own, the Age Consumed spike introduces a cautionary signal as Bitcoin approaches the psychological $100,000 mark. If selling pressure from long-term holders intensifies, it could introduce volatility or stall further gains—even in the face of bullish macro and institutional trends.

Bitcoin price forecast today: Bull trap risk looms near $94K as weekly chart hits upper Bollinger band

Bitcoin price forecast signals today show bulls attempting to breach the $95,000 as BTC taps the upper Bollinger Band on the weekly chart. While the rally from sub-$80,000 lows marks a strong technical rebound, traders may need to exercise caution.

BTC price has now entered the resistance zone near $94,000–$107,000, where past weekly candles have previously faced rejection.

The Bollinger Bands (BB) upper line at $107,383 acts as a key resistance ceiling. Unless this level is breached with volume, BTC risks rejection at the top of its volatility envelope.

Momentum indicators show mixed signals. The Relative Strength Index (RSI) stands at 57.37, just above its moving average (54.20), hinting at mild bullish bias—but still well below overbought levels.

However, the RSI Moving Average Histogram (RSI-MA) shows a divergence, with the slower red MA at 60.61 still declining while the green bar is only at 47.61. This suggests momentum remains fragile.

Given these conditions, Bitcoin price forecast may be susceptible to a bull trap if price fails to decisively close above $94,000 with strong follow-through. Without confirmation, profit-taking could trigger a reversal toward the mid-Bollinger level around $92,200 or lower support near $77,000.

The post Bitcoin Price Today: This 12 Million BTC Signal Could Block $100,000 Rally appeared first on CoinGape.

In a positive development for Coinbase, Alabama has officially dropped its enforcement action against the cryptocurrency exchange. This decision marks a shift in the legal challenges facing the company regarding its staking program.

Currently, only five states continue to pursue legal cases against Coinbase’s staking services.

Alabama Drops Coinbase Lawsuit Over Staking

Alabama’s Securities Commission had accused Coinbase of offering unregistered securities through its staking rewards program. The staking service allows users to lock up their digital assets to help verify transactions on a blockchain network. In return, Coinbase provides rewards to the users, and the company earns a commission for facilitating the process.

State regulators, including those from Alabama, argued that the program was an investment contract that would require registration under securities laws.

We’re halfway there: Alabama just dropped its enforcement action against @coinbase – cutting the number of states with misguided staking suits in half in just two months. 1/3 pic.twitter.com/MWVnl30BTl

— paulgrewal.eth (@iampaulgrewal) April 23, 2025

While the Alabama case may have been dropped, the crypto exchange still faces legal challenges elsewhere, including in Oregon. A development came from pro-XRP lawyer John Deaton, who sharply criticized Oregon’s Attorney General Dan Rayfield’s stance in the state’s case against the crypto exchange. Deaton questioned the rationale behind the legal action, calling Rayfield’s arguments illogical and potentially harmful to the broader cryptocurrency ecosystem.

Other States Involved in Legal Actions

Several states, including California, Illinois, and Washington, filed the Coinbase lawsuit after a multi-state investigation spearheaded by the U.S. Securities Exchange Commission.

The ten states, including Alabama, brought legal suits against Coinbase for allegedly violating laws governing securities in the states through its staking program. While some have issued cease and desist letters to the crypto exchange, others have threatened to fine the company or have flat out banned the provision of staking services.

However, several states have backed down since then, including the US SEC in February this year. Kentucky, Vermont and South Carolina even dismissed their own cases against the exchange and now this is also the case with Alabama. The exchange’s legal department has continually defended the staking activity, saying it is legal and has acted against such trends.

California, Maryland, New Jersey, Washington, and Wisconsin are the only states still actively pursuing legal action against the company. As Coibase’s Chief Legal Officer says, the legal situation is shifting and he would like to see more states withdraw their actions like Alabama.

Shifting Focus to Federal Regulation

Paul Grewal argued that the current patchwork of state-level regulations on staking services is confusing consumers and businesses in the crypto space. He pointed out that four of the remaining states have imposed complete bans on Coinbase’s staking service. These actions, in his opinion, misallocate taxpayer resources.

“It’s time for these outliers to follow suit,” said Grewal. He stressed the need for a clear, federal regulatory framework for digital assets. With the recent drop of the SEC’s own federal case against the crypto exchange over staking, the focus is now on whether Congress will intervene and create a more unified approach to regulating cryptocurrencies.

Coinbase has long advocated for clearer and more consistent regulations for the crypto industry, which would help provide more certainty to both consumers and businesses. The ongoing legal battles in various states only highlight the challenges posed by the lack of a comprehensive federal framework, which the crypto community await to change under the new US SEC Chair Paul Atkins.

The post Coinbase Secures Legal Win as Alabama Drops Lawsuit Over Staking appeared first on CoinGape.

The trade tensions between the US and the People’s Republic of China may be easing following President Donald Trump’s new comments, sparking renewed interest in global financial and crypto markets. Among the biggest gainers has been the cryptocurrency sector, which saw sharp movements after Trump’s remarks about reducing tariffs on Chinese goods.

US-China Tariff Negotiations Gain Momentum

After months of tense exchanges, President Donald Trump hinted at reducing tariffs on China during a press event at the White House. According to the update, President Trump said that while the high tariffs on Chinese goods would not be completely removed, they would come down substantially. 

He noted that 145% was very high and that the two countries could have a better relationship. China, in turn, released a statement showing an interest in restarting trade talks. After weeks of heavy pressure on both economies, the move hinted at possible breakthroughs. 

Commenting on the developing story, political and economic analyst Jostein Hauge emphasized that China holds a stronger position. He noted this as the country primarily exports high-tech goods to the United States.

He added that American exports to China are mostly low-tech products like fuels. This makes it easier for China to find new sources, while the United States could struggle to replace its Chinese imports.

Bitcoin Soars as Crypto Market Investors Makes Bold Bets

The financial and crypto markets have responded positively to the anticipated tariff truce between the two countries. 

For example, Bitcoin extended its recent rally, reaching a new all-time high of $94,220 on April 23. Market predictions suggest that the Bitcoin price could crest at the $100,000 mark amid whale distributions. 

It is worth noting that the current price outlook is partly driven by BTC ETF inflows, which hit $921 million, the highest daily figure since the ETF’s launch. The broader digital asset market also experienced a significant influx of investment, with total market capitalization surpassing $3 trillion. 

Crypto market and altcoins such as XRP, Solana (SOL), and Cardano (ADA) also gained momentum. The memecoin market was not left behind either, as the Official TRUMP token surged 70%, reaching $14.56.

Traders are increasingly hopeful that easing tensions between the US and China could fuel a long-term rally in crypto assets.

Inflation and Interest Rates in Focus

The potential easing of US-China trade tensions could directly impact inflation and interest rate policies. With tariffs likely to decrease, the cost of imported goods may fall, reducing pressure on consumer prices. 

A lower inflation outlook could give the Federal Reserve more space to slow down interest rate hikes. President Trump has called on Fed Chair Jerome Powell to lower interest rates.

Investors are now watching closely to see if these early talks will lead to a full agreement. For now, the crypto market is one of the biggest winners from the latest shift in the US-China trade war.

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The price of several digital currencies, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Cardano (ADA), has risen rapidly. After weeks of sustained consolidation, these altcoins have recorded their highest price levels in the past month, setting them on many traders’ watchlists. Amid the general bullish breakout, here is a breakdown of what to expect from the price of these digital currencies moving forward.

Dogecoin and Potential Reversal Prospect

At the peak of trading, the price of DOGE soared as high as $0.1850 per CoinMarketCap data. However, the coin has seen its price fall to $0.1797 while maintaining a 4.07% uptick in 24 hours. The broader crypto market jumped today, with memecoins largely leading the rally.

For Dogecoin, the core performance metrics stayed bullish, with a trading volume of 64.24% to $2.1 billion. Over the past month, the DOGE price maintained a strong consolidation; the trading volume hardly exceeded the $1 billion mark. Despite the intensely positive retail and whale engagement, the memecoin is still locked below the $0.1800 resistance level.

The uptick in the price of Dogecoin did not come from core DOGE fundamentals. Unless this trend changes and core ecosystem updates emerge, the bullish breakout of the memecoin might be short-lived.

Shiba Inu Changing the Memecoin Outlook

Shiba Inu joined the rally, soaring as high as $0.00001388 within the 24 hours. Although the percentage gain is now relaxed, the coin has maintained its support above the $0.000013 mark. Over the past week, the coin jumped 13.62% as it looks to pare off the losses it incurred in the Year-to-Date (YTD).

Considering the market outlook, SHIB price analysis hints at a potential 512% breakout in the coming weeks. While there are conflicting whale and futures outlooks on different timeframes, the Shiba Inu ecosystem has a more promising anchor for the price.

Unlike other memecoins like Dogecoin, with Shibarium and the SHIB OS innovation, developers like Shytoshi Kusama are pushing for new use cases for the project. While there are collaborations with governments to back its evolution, time may be the major decider of how high Shiba Inu can sustain its cycle momentum.

Cardano May Take Advantage of Bitcoin Influence

Bitcoin is the clear market leader, but Cardano may see more benefits from its association in the long term. The Charles Hoskinson-led project is making an important pivot to drive Bitcoin adoption with DeFi-based staking as teased previously.

Cardano has achieved more than most Proof-of-Stake (PoS) blockchain networks in the past year. The protocol transitioned to community governance and has outperformed core rivals in percentage growth over the past year.

Cardano’s price changed hands for $0.6983 at the time of writing, up by 5.92% in the past 24 hours.

With $0.7 a local market resistance, ADA has the fundamentals to break out long-term. Per an earlier ADA price analysis, the coin could soar to $0.7658 in the short term.

The post What to Expect from Dogecoin, Shiba Inu, and Cardano Price Now? appeared first on CoinGape.