Key Takeaways: Trump’s White House hosts first-ever crypto summit on March 7, a landmark in the shift to US crypto policy The Domestic Crypto Summit aims to create industry guidelines and explore the possibility of a crypto strategic reserve. Experts are divided on whether the reserve will stabilize the market or introduce new risks and…
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The Securities and Exchange Commission has dismissed its claim that Nova Labs, creators of Helium, sold unregistered securities. This decision confirms that Helium Hotspots and tokens like HNT, IOT, and MOBILE are not considered securities. Legal Uncertainty Removed The U.S. Securities and Exchange Commission (SEC) has agreed to dismiss its claim that Nova Labs, the […]
Legendary technical analyst John Bollinger has highlighted what he calls a “classic Bollinger Band W bottom” that may be forming on the Bitcoin pair BTC/USD. According to him, BTC appears to have found support in the $74,000 area, setting up the characteristic double-dip lows that define a W-shaped reversal pattern. Notably, Bollinger stressed that the setup still needs to be confirmed: “Classic Bollinger Band W bottom setup in BTCUSD. Still needs confirmation”. Is The Bitcoin Bottom In? The chart shows Bitcoin navigating a decline from its mid-January high near $110,000, with recent price action clustered around the lower band of the Bollinger Bands. The upper band sits at $108,837, while the lower band sits at $77,138, suggesting a relatively wide range of volatility on a weekly basis. The Bollinger’s mid-line is close to $93,000. Related Reading: This Crypto Analyst Predicted The Bitcoin Price Crash At $97,000, He Just Released Another Forecast Bollinger’s indication of a W-bottom is based on the formation of two distinct troughs in quick succession, as seen in both the price data and the oscillator readings below the chart. The first trough materialised as BTCUSD fell from its then high of around $90,000 to the mid-$76,000 area, then rallied before sliding back to a comparable support area around $74,500. The repeated dip into this horizontal support level has so far held, which Bollinger identifies as a potential base for a bullish reversal – although he cautions that a definitive move above the intervening swing high near $90,000 would help validate this classic chart pattern. Other market clues include slightly lower trading volumes, suggesting that the intense selling that drove bitcoin down from its recent peak may be easing. The chart’s momentum oscillator, which tracks overbought and oversold conditions, supports this thesis, forming a bottom near its lower border. Although this alignment with price action suggests a possible bottom, many technical analysts are looking for the oscillator to rise convincingly above its midpoint to confirm that momentum has indeed shifted in favour of buyers. Related Reading: Is The Bitcoin Bottom In After Trump’s Tariff Pause? Here’s What To Expect Bollinger bands themselves, invented by John Bollinger, measure volatility by placing envelope lines above and below a moving average. When these bands widen, the market typically experiences large price swings; when they narrow, volatility decreases. In Bitcoin’s case, they’ve remained relatively wide, reflecting the cryptocurrency’s dramatic range from below $20,000 to six figures over the past two years. While talk of a W-bottom has sparked optimism among bullish traders, Bollinger’s reminder that it “still needs to be confirmed” highlights the importance of solid follow-through in price action. If Bitcoin can break above $90,000 on robust volume, the long-awaited confirmation of this pattern would be within reach. Until then, the W-bottom is just a possibility. At press time, BTC traded at $81,366. Featured image created with DALL.E, chart from TradingView.com
Bitcoin (BTC) price has rebounded by over 11% from the April. 7 low of $74,400, and analysts believe that onchain and technical indicators point to a sustained recovery.According to popular analyst AlphaBTC, Bitcoin will see a sustained recovery if it holds above $81,500.Bitcoin price reclaimed the $80,000 psychological level after retesting the “weekly open and filling in some of the inefficiency left by the Trump 90-day pause pump,” the analyst said in an April 10 post.“I really want to see it back above 81.5k soon, and we may see a bit more sustained upside as shorts get squeezed.”BTC/USD four-hour chart. Source: AlphaBTCSimilar sentiments were shared by fellow analyst Rekt Capital, who said that Bitcoin needs to produce a weekly close above $80,500 to increase the chances of recovery.“Bitcoin has recently lost the red Weekly level, just confirming BTC isn’t out of the woods yet,” Rekt Capital said in an April Post on X. “$BTC needs to stay above red until the Weekly Close for the price to reclaim this Weekly level as support.”BTC/USD weekly chart. Source: Rekt CapitalBitcoin price recovery could be fueled by “seller exhaustion”Bitcoin investors are approaching a degree of “near-term seller exhaustion,” as evidenced by the reduced magnitude of realized losses, according to onchain data from Glassnode. Looking at the 6-hour rolling window for realized losses, the market intelligence firm found that the magnitude of losses realized during these drawdowns has started to decrease with each successive price leg lower.“Bear markets are typically initiated by periods of heightened fear and substantial losses,” Glassnode said in its latest Week On-chain report. “This suggests a form of near-term seller-exhaustion may be starting to develop within this price range.”Bitcoin: 6-hour rolling losses. Source: GlassnodeRelated: Is Bitcoin price going to crash again?Bollinger Bands and W bottom hint at new price highsAfter hitting a five-month low of $74,400 on April 9, Bitcoin retested the lower boundary of the Bollinger Bands (BB) indicator, a line that has supported the price over the last five weeks, data from Cointelegraph Markets Pro and TradingView shows.BTC/USD weekly chart with Bollinger Bands. Source: John Bollinger/TradingViewThis is an encouraging sign from Bitcoin, according to the creator of the Bollinger Bands volatility indicator, John Bollinger. The Bollinger Bands indicator uses standard deviation around a simple moving average to determine both likely price ranges and volatility.Bollinger said that Bitcoin price could be forming the second low of a W-shaped pattern formation — a double-pronged bottom followed by an exit to the upside — on the weekly chart.“Classic Bollinger Band W bottom setting up in $BTCUSD,” Bollinger commented alongside a chart, adding that the pattern “still needs confirmation.”In this situation, Bitcoin’s drop to $76,600 on March 11 was the first bottom, and the recent drop to $74,400 was the second.If confirmed, BTC price could recover from the current levels first toward the neckline of the W-shaped pattern at $88,800 before rising toward the target of the prevailing chart pattern at $106,000. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Regulators in Pakistan have proposed a regulatory framework for digital assets that is compliance-focused, in accordance with rules laid out by the Financial Action Task Force (FATF), the supranational organization that polices finance for money laundering, The Express Tribune reported.According to the report, Pakistan’s Federal Investigation Agency (FIA) introduced the regulatory framework to address terrorism financing, money laundering provisions, and Know Your Customer (KYC) controls enforced by the supranational organization. The report cited FIA Director Sumera Azam as saying:”This is a paradigm shift in how Pakistan views digital finance. The policy proposal seeks to strike a historic balance between technological advancement and national security imperatives.”The proposed framework is subject to legislative approval and input from digital asset firms operating in the country, with an expected multi-phased rollout beginning in 2026.Regulators in Pakistan recently spearheaded a regulatory pivot embracing cryptocurrencies after being explicitly anti-crypto for years. The government’s anti-crypto stance hit a crescendo in 2023 when Pakistani officials called for a country-wide ban on digital assets.Appointments to the Pakistan Crypto Council. Source: Bilal Bin-Saqib. Source: Bilal Bin-SaqibRelated: Pakistan eyes crypto legal framework to boost foreign investmentPakistan embraces the future of money in regulatory shiftIn May 2023, former minister of state for finance and revenue, Aisha Ghaus Pasha said that Pakistan would never legalize cryptocurrencies due to the potential for digital assets to circumvent FATF regulations.Less than two years later in February 2025 the Finance Ministry of Pakistan signaled a seismic regulatory shift by forming the Pakistan Crypto Council to establish clear crypto regulations in the country and attract foreign investment.”Pakistan is a low-cost, high-growth market, with 60% of the population under 30. We have a web3 native workforce ready to build,” CEO of the Pakistan Crypto Council Bilal bin Saqib said in a March 20 X post.Binance co-founder Changpeng Zhao meets with Pakistan foreign minister Ishaq Dar. Source: Pakistan’s Ministry of Foreign AffairsThe Council is exploring using excess energy to mine Bitcoin (BTC) as part of a broader effort to turn Pakistan into an international hub for crypto mining.On April 7, the Council appointed Binance co-founder Changpeng Zhao as a crypto adviser to guide the organization’s policy efforts.Magazine: How crypto laws are changing across the world in 2025
Key Takeaways: Aave has kickstarted a massive overhaul of its tokenomics design, internally termed “Aavenomics” to increase the incentive for users to stake Aave tokens and improve the protocol’s stability. The proposal includes a $1 million per week AAVE buyback program as well as a new safety module dubbed “Umbrella,” designed to protect against large…
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Key Takeaways: President Trump signed the first-ever crypto-related bill into U.S. law, repealing the IRS’s DeFi Broker Rule. The decision removes tax reporting requirements for decentralized platforms, easing regulatory burdens. Crypto leaders hail the move as a turning point for digital asset regulation and DeFi innovation in the U.S. President Donald Trump has officially signed…
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The S&P 500 Index briefly experienced Bitcoin-level volatility in the wake of US President Donald Trump’s April 2 “Liberation Day” tariff announcement, underscoring the panic and fear gripping traditional markets amid the ongoing trade war. Bloomberg analyst Eric Balchunas alerted his followers on X that the S&P 500’s volatility, as measured by the “SPY US Equity Hist Vol” chart, reached 74 in early April, exceeding Bitcoin’s (BTC) 71 level. Source: Eric BalchunasThe increase marks a significant deviation from the S&P 500’s long-term volatility average, which is below 20. For Bitcoin though, extreme volatility has been a feature since the asset’s inception. “Bitcoin’s volatility remains elevated at 3.9 and 4.6 times that of gold and global equities, respectively,” according to BlackRock. While Bitcoin’s average volatility has declined over time, it tends to experience much higher price swings than more established assets. Source: BlackRockStocks are experiencing crisis-level volatility due to Trump’s trade war, which threatened duties of anywhere from 10% to 50% on imports from America’s largest trading partners. While Trump has since paused some of his tariffs for 90 days, the administration has ratcheted up duties on Chinese imports to at least 145%. The volatility has also extended into other assets, most notably US Treasurys, which experienced a large sell-off this week. The yield on the 10-year Treasury bond is on track for its steepest rise since 2001.Related: As Trump tanks Bitcoin, PMI offers a roadmap of what comes nextDespite “macro relief,” Bitcoin remains under pressureUS equity markets experienced a historic relief rally on April 9 after Trump’s tariff pause. However, the “macro relief” didn’t extend to Bitcoin or its spot exchange traded funds (ETFs) in any meaningful way, which is a sign that “institutional confidence remains cautious in the near term,” Bitfinex analysts told Cointelegraph in a note. “After January’s record inflows, ETF demand has cooled, with several products seeing net outflows in recent weeks,” the analysts said. “This reflects hesitation among large allocators who may be waiting for more favorable entry points or clearer regulatory guidance.” The US spot Bitcoin ETFs have experienced six consecutive days of outflows. Source: FarsideDespite Bitcoin’s disappointing performance, Bitfinex said the second quarter through the end of 2025 is potentially bullish for the asset class as a whole as “new narratives take hold,” such as sovereign accumulation and growth in real-world asset tokenization.Unchained’s director of market research, Joe Burnett, shared a similar view, arguing that Bitcoin has more attractive characteristics for long-term investors who are worried about government policy and fiat risk impacting their portfolios. While the S&P 500’s volatility spike is likely to be short-lived, Burnett said its recent performance “challenges the long-held belief that traditional markets are safer, less risky, or more stable.” Related: Weaker yuan is ‘bullish for BTC’ as Chinese capital flocks to crypto — Bybit CEO
Key Takeaways: Standard Chartered and OKX launched a pilot program allowing institutional clients to use crypto and tokenized money market funds (MMFs) as off-exchange collateral. The initiative, conducted under Dubai’s virtual asset regulatory framework, aims to enhance capital efficiency and counterparty risk protection. Asset manager Franklin Templeton and Brevan Howard Digital are among the first…
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