Bitcoin (BTC) remains on track for more gains despite rising tensions between Israel and Iran, according to macro investor Raoul Pal. In a post shared recently, Pal argued that global liquidity explains most of Bitcoin’s price moves. Bitcoin Ignores Geopolitical Tensions, Follows Liquidity Instead The popular macro investor shared a chart that compared Bitcoin with
Fox Business reporter Eleanor Terrett shared in a latest X post that the U.S. Republican Representatives recently hosted a “Crypto Power Lunch” to discuss upcoming digital asset policies and potential legislation.
The event was attended by key political figures, including Majority Whip Tom Emmer and Representative Bryan Steil, who leads the Digital Assets Subcommittee.
The lunch also featured prominent representatives from major crypto organizations and companies, like the Chamber of Digital Commerce, the Blockchain Association, Coinbase, Paradigm, Andreessen Horowitz (a16z), CoinFlip, Anchorage Digital, and Digital Currency Group (DCG). These industry leaders provided their insights on how to shape digital asset rules in the U.S.
This event shows growing interest from both political parties in how to regulate digital currencies and blockchain technology. As cryptocurrency becomes more popular and valuable, lawmakers are focusing on creating policies that ensure safety while encouraging innovation in the industry.
Balancing Regulation With Innovation
The “Crypto Power Lunch” is part of the GOP’s ongoing effort to balance regulation with the interests of the fast-growing crypto sector.
The “Crypto Power Lunch” hosted by U.S. Republican Representatives signals growing bipartisan interest in regulating cryptocurrency and blockchain technology. Key industry leaders from companies like Coinbase and Andreessen Horowitz attended, offering insights on how to shape digital asset regulations.
This event could lead to clearer policies that protect consumers, foster innovation, and ensure the U.S. remains a leader in the crypto space. The discussions may pave the way for future legislation that balances regulation with industry growth.
The Crypto Summit Next!
Besides, the crypto community is anxiously awaiting the first of its kind White House crypto summit, to be held tomorrow on March 7, where several industry leaders and members of President Trump’s crypto task force are expected to attend the summit. This could be a pivotal moment for the cryptocurrency market which could shape the regulations for its future.
The post ‘Crypto Power Lunch’ Sets Stage for Key Regulation Ahead of White House Crypto Summit 2025 appeared first on Coinpedia Fintech News
Fox Business reporter Eleanor Terrett shared in a latest X post that the U.S. Republican Representatives recently hosted a “Crypto Power Lunch” to discuss upcoming digital asset policies and potential legislation. The event was attended by key political figures, including Majority Whip Tom Emmer and Representative Bryan Steil, who leads the Digital Assets Subcommittee. https://twitter.com/EleanorTerrett/status/1897458308245553228 …
Crypto and TradFi markets had a strong opening today, as Bitcoin briefly jumped 5% due to optimism about a tariff deal. China and institutional investors in the US wish to avoid a trade war if possible.
Despite these encouraging signs, no deal has actually been reached, and Bitcoin also suffered subsequent losses. The whole market is in a state of flux until the situation becomes more clear.
Today, the Dow Jones Industrial Average surged 1,285 points, or 3.4%, while the S&P 500 and Nasdaq Composite both jumped 3.4% and 3.3%, respectively. Nonetheless, hundreds of stocks have fallen 20% or more.
Meanwhile, Bitcoin has a few advantages that can protect it from tariff volatility. For example, a recent report from Binance Research claims that the least risky cryptoassets are the most insulated from drops.
This includes RWAs and centralized exchanges, but Bitcoin is a close third.
Furthermore, the markets are very optimistic about a deal to avoid the tariffs. Yesterday, rumors of a pause triggered a trillion-dollar rally, highlighting traders’ desperation for good news.
Despite the retaliatory tariffs, China is similarly eager to avoid a full-blown trade war with the US. Trump claimed that he is making progress with China and South Korea, fueling optimism.
I just had a great call with the Acting President of South Korea. We talked about their tremendous and unsustainable Surplus, Tariffs, Shipbuilding, large scale purchase of U.S. LNG, their joint venture in an Alaska Pipeline, and payment for the big time Military Protection we…
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) April 8, 2025
Nonetheless, it’s important not to overstate Bitcoin’s chances of success under tariffs. Despite the hopes on both sides of the Pacific, China confirmed that it’s prepared to fight a trade war if Trump forces its hand.
This might explain Bitcoin’s price drops despite its strong performance since yesterday. Ultimately, all we can do is wait and hope.
Cardano (ADA) has climbed over 15% in the past week, continuing to push higher despite a 27% drop in trading volume over the last 24 hours. While momentum indicators and whale activity still lean bullish, signs of consolidation are emerging as ADA trades near key support and resistance levels.
Whether ADA breaks higher or pulls back may depend on how it reacts to the critical $0.668–$0.709 range in the coming days.
Is Cardano’s Rally Losing Steam or Just Catching Its Breath?
Cardano Average Directional Index (ADX) is currently at 30.17, easing slightly from yesterday’s 32.76 after a sharp surge from 14.90 two days ago.
Despite the minor pullback in ADX, ADA remains firmly in an uptrend, indicating that bullish momentum is still present, though perhaps cooling slightly after an intense acceleration.
The ADX is a trend strength indicator that ranges from 0 to 100. It does not indicate direction—only the strength of a trend. Readings below 20 suggest a weak or non-existent trend, while values above 25 typically confirm a strong trend.
ADA’s current ADX at 30.17 reflects a healthy uptrend still in play, although the slight dip may suggest the trend’s momentum is stabilizing rather than accelerating.
As long as ADA maintains this level, the uptrend remains intact, but traders should watch for any further decline in ADX that could hint at waning strength.
Cardano Whales Return—Is Accumulation Back On?
The number of Cardano whale addresses—wallets holding between 1 million and 10 million ADA—has slightly increased to 2,408, up from 2,405 on April 22.
This follows a brief decline from 2,421 on April 20, suggesting a small but notable return of larger holders after a short distribution period.
While the change may seem minimal, it marks a potential shift in sentiment among high-stake investors, who often play a key role in driving price trends due to the sheer volume of assets they control.
Addresses Holding Between 1 Million and 10 Million ADA. Source: Santiment.
Tracking whale activity is crucial because these large holders can significantly influence the market. When whales accumulate, it’s often viewed as a sign of confidence and can act as a leading indicator of upward price movement.
Conversely, when whales begin to offload their holdings, it may signal weakening conviction or an expectation of short-term price drops.
The recent uptick from 2,405 to 2,408 may indicate a renewed interest among whales in accumulating ADA, hinting at a possible rebound or continued strength in price—especially if this trend continues.
ADA’s Uptrend Holds, But Key Support Must Survive
According to its EMA lines, Cardano price remains in an uptrend, with short-term moving averages still above the long-term ones—a classic sign of sustained bullish momentum.
This alignment suggests the broader trend favors the bulls despite recent price consolidation.
However, ADA is trading within a tight range, facing resistance at $0.709 and supported at $0.668, setting the stage for a potential breakout or breakdown.
If the $0.668 support is tested and fails, ADA could decline toward the next support level at $0.634, and a deeper slide might push it down to $0.59, marking a more significant correction.
Conversely, a clean break above $0.709 resistance would likely trigger renewed bullish momentum, with the next upside target around $0.77.