Spanish banking giant Cecabank has officially teamed up with crypto exchange Bit2Me to launch an all-in-one platform that offers crypto services to traditional financial institutions. With this, Cecabank cements itself as one of the leading adopters of digital assets in Spain and Portugal. Inside the CecaBank-Bit2Me partnership The new solution developed by Cecabank and Bit2Me will offer real-time access to the crypto market, provide custody services, and provide a trading engine with over 100 assets available, as well as support full trade execution. Through their partnership, Bi2Me will provide trader routing and trade execution services, while Cecabank will ensure compliance, operational security, and asset custody. Executives of Cecabank and Bit2Me Both companies reached an agreement in May 2024 to accelerate widespread adoption of digital assets in banking and the corporate world. Fast-forward to today; their joint platform is complete and awaits final clearance from the Spanish Securities Market Commission (CNMV)…. Read More at Coingape.com
Bitcoin surged past $94,000 on April 23 as Trump’s China tariff shift lifted stocks and improved overall market sentiment
Why is Bitcoin (BTC) is going up today after Trump’s latest comments on China tariffs?
Bitcoin (BTC) rose sharply on April 23, extending its rally above the $94,000 mark amid broad gains across U.S. equity markets.
The move followed dovish comments from US President Donald Trump regarding U.S.-China trade relations. According to reports, Trump is in talks to negotiate a deal to cut tariffs on China as low as 50%, , which appeared to boost investor sentiment.
The S&P 500 gained 93 points, moving 1.77% higher to 5,375.86, with Big Tech stocks leading the rally at press time on Thursday.
US stocks Heatmap | Source: TradingView
Big Tech was the primary driver of the equity market’s upside momentum. Microsoft gained 2.78%, Alphabet added 1.94%, and Meta rose 1.77%. Nvidia outperformed with a 3.21% increase, while Apple climbed 1.05%.
Amazon shares advanced 2.39%, reflecting recovering confidence among investors after tariff pressures saw the AI giant, book a $5.5 billion charge last week.
The market response reflected a shift toward risk-on positioning, prompted by Trump’s softened stance on tariffs. This rhetoric was interpreted by traders as a sign of reduced trade tensions and improved macroeconomic visibility.
Bitcoin price action | Coingecko
However, despite the day’s gains, BTC price was unable to breach the key $95,000 resistance, a level seen by market participants as a psychological limit.
While bullish momentum remains intact, the inability to sustain a move above this level suggests cautious stance and early profit-taking.
What’s next?
With Bitcoin price approaching a major psychological threshold, traders are watching closely for a decisive breakout above $95,000. A sustained move could open the door to $98,000 or higher. However, renewed macro volatility or stronger-than-expected inflation could trigger profit-taking, with key support levels seen near $91,000 and $88,500.
Investors are also eyeing Trump’s upcoming policy announcements for further clues on U.S.-China economic direction.
Bitcoin price forecast today points to a cautiously optimistic outlook, with bulls setting sights on the $96,800 level following a decisive breakout above key moving averages.
After peaking at $93,787, BTC/USD pulled back slightly but remains structurally strong above its 50-day ($84,398), 100-day ($90,852), and 200-day ($88,699) simple moving averages.
Bitcoin Price Forecast Today
The recent breakout was accompanied by a sharp rise in the Bull and Bear Power (BBP) indicator, which has flipped to its highest positive reading since mid-January, currently at +10,046.19. This shift suggests growing bullish conviction among traders. Despite the minor intraday retracement, Bitcoin continues to consolidate above former resistance, now turned support near $90,000.
A sustained move above $94,000 would likely clear the path to $96,800, a key psychological and Fibonacci extension target. However, failure to hold the 100-day SMA could invite profit-taking, dragging BTC back toward the $88,500 area. For now, momentum favors bulls, with the trend showing signs of sustained accumulation.
A massive sell-off by Ethereum whales has sent shockwaves through the crypto market, with analysts fearing a potential bearish trend in ETH price.
While whale token dumps are usually indicative of an imminent downtrend, the community remains nervous. Is this 63,000 ETH sell-off a sign of a larger market trend or just a temporary correction? Let’s dive into the details and explore what this means for the future of Ethereum.
Ethereum Whales Take Profit with Massive ETH Sell-off: Know Details
In a recent revelation, crypto analyst Ali Martinez unveiled an enormous whale activity involving Ethereum (ETH). The analyst uncovered a large-scale ETH sell-off of about 63,000 tokens over a period of 48 hours.
The whale activity reflects a broader market trend where large holders capitalize on the recent price surges. Many investors are seizing this opportunity to lock in profits as the crypto market is recovering from its bearish phase.
As reported by EmberCN, an Ethereum whale, who had sold their 15,000 ETH on April 22, liquidated the remaining holding of 35,754 ETH at $1,793 on April 23. These increasing whale moves indicate an impending ETH price crash.
Is ETH Price Falling to $1,300?
Typically, market trends suggest that increased pumps (buying activity) can drive prices up, while large dumps (sell-offs) can lead to price declines. Here, as Ethereum whales are capitalizing on the recent ETH price uptick, it is expected to have a negative impact on the altcoin’s value.
In addition, technical analysis further strengthens this bearish outlook. As pointed out by market expert Robert Mercer, the ETH price broke the bearish pennant pattern, suggesting a potential continuation of the downtrend.
Source: X, EmberCN
Notably, this pattern typically forms after a sharp decline, followed by a brief consolidation phase. With the price now breaking below the pennant’s support, it could trigger further selling pressure, potentially driving the price down to $1300 or lower, depending on market conditions.
At press time, Ethereum is trading at $1,803, up 1.66%. Over the past seven days, ETH experienced a massive increase of 12% despite a 10% decline in a month. As CoinGape recently reported, a 4% drop in Ethereum’s price to $1,731 would trigger the liquidation of approximately $973 million in long positions.
In the ongoing market uncertainty, Stellar’s native token, XLM, appears bearish and is poised for a price decline due to the bearish price action it has formed on the four-hour timeframe. At the beginning of March 2025, XLM experienced impressive upside momentum, but it later formed a bearish rising wedge pattern.
XLM Technical Analysis and Upcoming Levels
According to expert technical analysis, the asset is currently experiencing a price decline and is at a crucial support level. Based on recent price action and historical patterns, if XLM fails to hold the $0.288 level and closes a 4-hour candle below it, the price could decline by 15% to reach the $0.23 level in the coming days.
In addition to this bearish pattern, XLM’s price began falling after hitting a descending trendline with a strong history of price reversals. However, the asset has formed a bearish engulfing candlestick pattern, which is pushing XLM’s price lower.
Source: Trading View
Current Price Momentum
At press time, XLM is trading near $0.288 and has recorded a 2% price drop in the past 24 hours. Despite the decline, its trading volume has spiked by 25%, indicating increased participation from traders and investors compared to previous days.
Bearish On-Chain Metrics
This bearish price action has been further reinforced by recent activity from whales and long-term holders, as reported by the on-chain analytics firm Coinglass.
$1.40 Million Worth of XLM Inflow
Data from spot inflow/outflow reveals that exchanges have witnessed an inflow of over $1.40 million worth of XLM tokens in the past 24 hours, suggesting a potential sell-off by these holders, which could lead to a price decline in the future.
$3.30 Million Worth of Bearish Bet
In addition to the activity of long-term holders, traders are also following the bearish market sentiment, as they are strongly betting on the downside. Data shows that traders are currently over-leveraged at $0.305 on the upper side and $0.286 on the lower side, both on the verge of liquidation. At these levels, traders have built $3.30 million and $611K worth of short and long positions, respectively.
Source: Coinglass
When combining all these on-chain metrics with technical analysis, it appears that bears are currently dominating, and XLM’s price could see a further decline in the coming days.
The post XLM Price Crash Incoming? Bearish Pattern Spotted appeared first on Coinpedia Fintech News
In the ongoing market uncertainty, Stellar’s native token, XLM, appears bearish and is poised for a price decline due to the bearish price action it has formed on the four-hour timeframe. At the beginning of March 2025, XLM experienced impressive upside momentum, but it later formed a bearish rising wedge pattern. XLM Technical Analysis and …
