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Analysts eye potential breakdown as BTC price repeats familiar pattern: Crypto Markets Today

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Analysts eye potential breakdown as BTC price repeats familiar pattern: Crypto Markets Today

The crypto market is trading sluggishly within the range it has held for two months, with bitcoin changing hands at $69,000 and ether (ETH) at $2,130.

The range-bound pricing dates back to Feb. 6, with several peaks between $72,000 and $75,000 and troughs between $62,000 and $65,000.

A similar two-month pattern occurred between November and January before a price breakdown, leading analysts to suggest a similar scenario may play out this time around.

Much still depends on the conflict in Iran, with U.S. President Donald Trump’s threats of “obliteration” falling on deaf ears thus far. Brent crude oil remains at $107 per barrel, which will have a knock-on effect on inflation over the course of the year unless it declines.

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Derivatives positioning

  • The market continues to consolidate as bitcoin open interest (OI) stabilizes at $16.7 billion, little changed from last week and indicating that speculative activity remains flat.
  • Funding rates have moved into a neutral 0%-6% range, following a period of negative funding that likely fueled the initial relief rally through short covering.
  • With the three-month annualized basis also little changed over the week, institutional conviction remains cautious, suggesting that while the immediate downside pressure has eased, the big players are not yet positioning for a major breakout.
  • Options sentiment is stabilizing as call dominance reaches 47% and one-week skew drops to 16% from 19% last week. However, the implied volatility term structure’s front-end backwardation confirms that traders are still prioritizing immediate downside protection over long-term growth expectations.
  • CoinGlass data shows $163 million in 24-hour liquidations, with a 60-40 split between longs and shorts. BTC (64 million), ETH ($35 million) and others ($16 million) were the leaders in terms of notional liquidations.
  • The Binance liquidation heatmap indicates $69,500 as a core level to monitor in case of a price rise.

Token talk

  • The altcoin market has been surprisingly buoyant recently, despite broader market apathy. Since midnight UTC privacy tokens zcash (ZEC) and dash (DASH) rose by 6.7% and 3.1%, respectively, and there were also notable gains for FET, PUMP and RENDER.
  • The bitcoin-dominant CoinDesk 20 (CD20) index gained 0.3% on Tuesday, while being outpaced by the CoinDesk Memecoin Index (CDMEME) and CoinDesk Computing Select Index (CPUS), a sign of the relative strength of altcoins compared with crypto majors.
  • The recent bounce in altcoins has not been uniform, however. AI tokens, privacy tokens and the likes of HYPE and ALGO have performed well, while other market segments have tumbled. Over the past 90 days ethena (ENA) has lost 66% of its value, while TIA, LDO, SUI and ARB have all fallen by more than 50%.
  • That’s a divergence from previous cycles, when altcoins moved in unison. It now appears the market is maturing to a point where assets may be moving based on real-world impact, as opposed to hype and overzealous roadmaps.

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A Zero-Day Hack Triggered a 13-Block Reorg on Litecoin: Are User Funds Actually Safe?

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A Zero-Day Hack Triggered a 13-Block Reorg on Litecoin: Are User Funds Actually Safe?

Litecoin (LTC) took a hit on April 25, and not a small one. What exactly triggered the chaos, and whether the hack damage is truly contained, deserves a closer look.

A zero-day vulnerability in Litecoin’s codebase was exploited on April 25, triggering a 13-block reorganization that temporarily halted transaction finality across major mining pools.

The attack vector: un-updated nodes incorrectly accepted invalid MWEB (MimbleWimble Extension Block) transactions, which a Denial-of-Service attack exploited to flood the network.

The Litecoin team confirmed the bug on their official X account and stated a patch has been fully deployed, with node operators urged to update immediately.

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No user funds were lost, but the reorg reversed transactions across those 13 blocks, a depth that qualifies as a serious network event by any measure.

A 13-block reorg isn’t a rounding error. Broader crypto markets are already navigating fragile sentiment around Bitcoin stalling near key levels, and a security incident on a top-20 chain adds pressure that technical analysis alone can’t absorb.

Can Litecoin Price Recover to $94 After the Hack Incident?

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LTC holding up after the incident is actually the story, not the dip. Price bounced despite negative headlines, which tells you sellers did not fully take control.

But it is not strong either, it is just stable. Volume is messy across exchanges, which points to fragmentation, not a clean trend.

Source: Tradingview

Right now, everything comes down to $60. That is the level that flips the structure if it breaks with volume.

If that happens, LTC can move back toward the top of its range and regain momentum.

More realistically, this just stays sideways between roughly $56 and $59 while the market moves on and the news fades.

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The risk is if issues resurface or sentiment weakens, because $52 is the floor, and if that breaks, downside opens quickly.

So this is a neutral setup, holding steady for now, but still waiting for a real direction.

Here is Why LiquidChain Could Be Replacing OG Coins Like Litecoin

LiquidChain is positioning around that idea, aiming to connect Bitcoin, Ethereum, and Solana liquidity into one layer so developers and users are not tied to a single ecosystem.

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The pitch is about reducing fragmentation and making execution smoother across chains.

The presale is still early, around $0.01453 with just over $700K raised, which means it is in the early accumulation phase rather than widely priced.

But that also comes with the trade-off. Early-stage projects carry real execution risk, and liquidity only comes after launch.

So the contrast is simple, LTC offers stability with limited upside, while something like LiquidChain offers higher potential, but with much higher uncertainty.

Visit LiquidChain Here.

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The post A Zero-Day Hack Triggered a 13-Block Reorg on Litecoin: Are User Funds Actually Safe? appeared first on Cryptonews.

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Curve founder pitches market-based fix for $700K bad debt in contrast to Aave bailout

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Curve founder pitches market-based fix for $700K bad debt in contrast to Aave bailout


The plan allows trapped lenders to sell tokenized claims on deposits, offering buyers an option-like bet on CRV’s recovery.

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MiCA-licensed Banking Circle joins bank stablecoin settlement race in Europe

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MiCA-licensed Banking Circle joins bank stablecoin settlement race in Europe

MiCA-licensed Banking Circle joins bank stablecoin settlement race in Europe

Banking Circle’s stablecoin settlement launch follows its CASP approval, entering a crowded market with SocGen, Sygnum and a 12-bank euro stablecoin consortium.

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MicroStrategy Purchases 3,273 Bitcoin for ~$255 Million; Polymarket Odds Show 10% Chance of Sale This Year

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MicroStrategy Purchases 3,273 Bitcoin for ~$255 Million; Polymarket Odds Show 10% Chance of Sale This Year

MicroStrategy has acquired an additional 3,273 Bitcoin in a new purchase valued at approximately $255 million, while prediction market Polymarket sets 10% odds on the company selling any Bitcoin before year-end.

MicroStrategy purchased an additional 3,273 Bitcoin for approximately $255 million, according to a Polymarket announcement on April 27, 2026. The acquisition marks the latest expansion of MicroStrategy’s Bitcoin holdings, which have become a cornerstone of the company’s treasury strategy.

Polymarket, a cryptocurrency prediction market, has priced the odds of MicroStrategy selling any Bitcoin in 2026 at 10%, indicating strong market confidence in the company’s continued hodling stance. MicroStrategy has been one of the largest corporate Bitcoin accumulators since 2020, using the digital asset as a primary vehicle for treasury management.

Sources: Polymarket | Polymarket

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This article was generated automatically by The Defiant’s AI news system from publicly available sources.

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Kbank Tests Ripple Wallet For Remittances In South Korea

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Kbank Tests Ripple Wallet For Remittances In South Korea

South Korean internet-only bank Kbank has signed a strategic partnership with blockchain payments company Ripple to test blockchain-based overseas remittances. 

According to local media outlets like News1, The Korea Herald and Maeil Business, Kbank CEO Choi Woo-hyung and Fiona Murray, Ripple’s Asia-Pacific managing director signed the agreement at Kbank’s Seoul headquarters. The bank said the partnership will use Ripple’s global network and blockchain infrastructure to test whether overseas remittances can be made faster, cheaper and more transparent.

The companies are already conducting a phased technical verification. The first phase reportedly tested a separate app-based remittance structure, while the second phase is digitally linking customer accounts and internal systems to test remittance stability. It includes onchain transfers to countries such as the United Arab Emirates and Thailand, according to local reports. 

The tie-up comes as South Korean financial companies test blockchain-based cross-border payment infrastructure while the country’s stablecoin and digital asset rules remain under discussion.

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South Korea companies prepare for stablecoin rules

South Korea is weighing how to regulate stablecoins under broader digital asset legislation. On April 8, South Korea’s ruling Democratic Party prepared a draft bill that would classify stablecoins as foreign exchange payment instruments and require tokenized real-world assets to be backed by assets held in trust. 

Citing an integrated draft of the proposed Digital Asset Basic Act, the Seoul Economic Daily previously reported that stablecoins used in cross-border transactions would be treated as a “means of payment” under the country’s Foreign Exchange Transactions Act. 

Related: South Korea tightens crypto withdrawal-delay exemptions after scam losses

The policy backdrop may explain why stablecoin and blockchain-payment tie-ups are accelerating before the rules are final. Banks, card companies and payment firms appear to be testing infrastructure, partners and use cases while avoiding full commercial launches ahead of legislation. 

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On March 16, Hana Financial Group, one of South Korea’s largest financial conglomerates, signed a business agreement with the United Kingdom’s Standard Chartered Group for cooperation on various sectors, including foreign exchange and digital assets

The South Korean conglomerate also previously partnered with USDC-issuer Circle and major US crypto exchange Crypto.com to promote stablecoin-based payments for foreign visitors in the country, according to The Korea Times. 

On March 5, Asia Business Daily reported that South Korean payments company Danal will officially launch a digital asset payments service for foreign visitors in Korea in partnership with Binance Pay. 

Magazine: Adam Back says current demand is ‘almost’ enough to send Bitcoin to $1M

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Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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MiCA has made euro stablecoins safe but weak, new report argues

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MiCA has made euro stablecoins safe but weak, new report argues

MiCA has made euro stablecoins safe but weak, new report argues

A new Blockchain for Europe report says MiCA has made euro stablecoins safer but less competitive, and urges targeted reforms to reserves and remuneration.

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Cross-border B2B stablecoin payments to hit $5 trillion by 2035, says Juniper Research

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Stablecoins account for most illicit crypto activity, FATF says

International stablecoin payments among businesses will total $5 trillion by 2035, fintech analysts Juniper Research said in a new report.

That figure would be 373 times greater than the estimated total value of $13.4 this year.

“Stablecoins are increasingly embedded in cross-border business-to-business (B2B) transactions, treasury operations, and supply chain settlements, where their programmability and 24/7 settlement finality offers advantages over correspondent banking rails,” the research firm said, adding they are “causing disruption to correspondent banking channels.”

Juniper said the growth is driven by stablecoins increasingly addressing the current inefficiencies within cross-border payments that traditional finance handles.

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The firm estimates that 85% of the total stablecoin transaction value in 2035 will come from B2B, with the fiat-pegged cryptocurrencies shifting from a speculative asset to a foundational layer of institutional payment infrastructure.

Stablecoins are increasingly integrated in international payments among businesses, treasury operations, and supply chain settlements, because their speedy 24/7 settlement finality offers advantages over correspondent banking rails, the firm said.

“Stablecoins are not replacing payments infrastructure; they are being adopted where the advantages are most pronounced,” said Juniper Research Analyst Jawad Jahan. “Cross-border B2B is where those advantages are greatest, and where we expect the most sustained volume growth over the forecast period.”

He suggested stablecoin issuers should focus on enterprise integrations and treasury partnerships to capture the majority of this value.

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Earlier this month, Chainalysis said stablecoins were on track to become a foundational layer of global finance, with adjusted transaction volumes projected to reach $719 trillion by 2035. The blockchain intelligence firm also said that when crypto becomes the default for the next generation, “the question is no longer if stablecoins compete with traditional rails, but how quickly they replace them.”

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Ethereum’s EEZ could pull other blockchains into its orbit

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Ethereum’s EEZ could pull other blockchains into its orbit

Ethereum’s EEZ could pull other blockchains into its orbit

The Ethereum Economic Zone aims to unify fragmented rollups, but its broader goal is to extend interoperability to other blockchains, says Ernst.

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Pi Network price eyes $0.20 breakout amid Protocol 22 upgrade

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Pi Network price and CMF chart.

Pi Network price rallied over 6% in the past week as anticipation for its upcoming mainnet upgrades spurred demand for the token.

Summary

  • Pi Network price rose over 6% this week to $0.186 as demand increased ahead of its Protocol 22 mainnet upgrade.
  • Upgrade roadmap and upcoming Consensus 2026 appearance by co-founders boosted sentiment around scalability, security, and ecosystem expansion.
  • Technical indicators show strengthening momentum, with potential upside toward $0.20, while loss of $0.170 support could trigger a pullback toward $0.155.

According to data from crypto.news, Pi Network (PI) price rallied from a weekly low of $0.166 to $0.186 on Friday, bringing the token’s total market cap to over $1.89 billion.

Pi Network price rose as investor demand for the token rose ahead of its mainnet upgrade to version 22 or Protocol 22, which will reportedly streamline transaction processing and enhance the network scalability for decentralized applications. This technical leap is a major step toward the Open Mainnet phase that the community has long awaited.

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The upgrade also prepares the network for Protocol 23, which is expected in May and would mark the completion of critical security audits and enable cross-chain interoperability for the first time. This transition is seen as the final bridge before the ecosystem opens up to the broader crypto market.

The token’s price has also gained traction as the team prepares for a high-profile appearance at Consensus 2026 in Miami. As per reports, the project’s two co-founders, Nicolas Kokkalis and Chengdiao Fan, will speak at the event with a core focus on Pi’s blockchain infrastructure, digital identity, artificial intelligence, and future application development.

Pi Network price analysis

On the daily chart, Pi Network price has broken above the 3/8 Murrey Math line and therefore signals that the bulls have regained control of the immediate trend.

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Pi Network price and CMF chart.
Pi Network price and CMF chart — April 27 | Source: crypto.news

The Chaikin Money Flow index, which indicates whether capital is flowing into or out of the asset, has also turned positive, confirming that buyers are accumulating at current levels.

Hence, Pi Network price is positioned to rise toward $0.195 next and potentially push past the major psychological resistance at $0.20 if the positive news cycle continues through the week. 

However, if the token loses the $0.170 support, then the bullish momentum would likely fade, leading to a period of consolidation or a retracement toward $0.155.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Michael Saylor’s Strategy adds 3.2K Bitcoin at nearly $78K per BTC

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Michael Saylor’s Strategy adds 3.2K Bitcoin at nearly $78K per BTC

Michael Saylor’s Strategy adds 3.2K Bitcoin at nearly $78K per BTC

Michael Saylor’s Strategy bought 3,273 Bitcoin for $255 million between April 20 and 26, bringing total holdings to 818,334 BTC.

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