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Bitcoin rallies past $78K after ceasefire extension, liquidations jump

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Bitcoin rallies past $78K after ceasefire extension, liquidations jump

Bitcoin rose above $78,000 on Wednesday after renewed easing in Middle East tensions supported risk appetite across digital assets. 

Summary

  • Bitcoin climbed above $78,000 after ceasefire news eased tension and pushed traders into risk assets.
  • Roughly 110,000 traders were liquidated in 24 hours, with short positions making up most losses.
  • Strategy bought 34,164 BTC for $2.54 billion, helping support momentum as institutional demand stayed firm.

The move came after US President Donald Trump said the ceasefire with Iran would be extended, while market participants also reacted to Strategy’s latest Bitcoin purchase.

The broader crypto market moved higher alongside Bitcoin. Total market value climbed above $2.7 trillion, while Ethereum, Monero, Bitcoin Cash, BNB, and Solana also posted gains. At the same time, leveraged traders faced heavy losses as liquidations neared $500 million over the past 24 hours.

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Ceasefire extension supports market rebound

The latest price move followed comments from Trump on the conflict involving Iran. He said the ceasefire would remain in place as officials waited for a “unified proposal,” while adding that Iran’s government was “seriously fractured.”

Those remarks helped improve sentiment across global markets. S&P 500 futures rose 0.5%, while Nasdaq 100 futures gained 0.6%. In crypto, Bitcoin advanced 2.2% over 24 hours and 4.3% over the week to trade above $78,000 during Wednesday trading.

This was not the first market reaction tied to the conflict. Earlier in April, crypto prices also moved higher after the US and Iran agreed to pause hostilities for two weeks. The latest extension again pushed traders toward risk assets.

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Brent crude remained near $98 a barrel, while the MSCI Asia Pacific Index slipped 0.7% as investors continued to assess how long tensions in the region could last. Even so, digital assets stayed firm as traders focused on the ceasefire decision.

Bitcoin leads gains as altcoins follow

Bitcoin traded at about $78,145 after breaking out of recent headline-driven volatility. Ether rose 2.1% to $2,366, BNB added 1.3% to $640, and Solana gained 1.8% to $87. Most of the top 10 cryptocurrencies traded in positive territory, with only stablecoins and Tron showing small declines.

The upward move also came after Strategy disclosed a fresh Bitcoin purchase. The company bought 34,164 BTC for $2.54 billion at an average price of $74,395 per coin. That pushed its total holdings to 815,061 BTC, acquired for about $61.6 billion at an average cost of $75,527.

With Bitcoin trading above that average entry price, Strategy’s position returned to a modest unrealized profit. The company’s latest purchase was its biggest since November 2024 and added another corporate demand signal to the market.

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Fund flow data also showed renewed investor interest. CoinShares reported that global crypto funds recorded $1.4 billion in inflows last week. Bitcoin attracted $1.12 billion, while Ethereum brought in $328 million. Chainlink and Sui also posted inflows, while XRP and Solana saw outflows despite price gains.

Liquidations near $500 million as shorts take the hit

The fast market rebound caused sharp losses for traders using high leverage. Total liquidations reached about $460 million in the past 24 hours, with short positions making up roughly 70% of that total.

Bitcoin-related liquidations rose to $212 million, while Ether positions accounted for $123 million. The biggest single liquidation took place on Bitget and exceeded $7.5 million.

Data also showed that nearly 110,000 traders were liquidated during the period. The figures reflected how quickly sentiment changed after the ceasefire update and Bitcoin’s move above $78,000.

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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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Crypto World

Coinlocally lists Tesla, Amazon, Apple token pairs, launches zero-fee trading

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Coinlocally lists Tesla, Amazon, Apple token pairs, launches zero-fee trading
  • Coinlocally expands into tokenized equities with 10 new stock trading pairs.
  • Users can trade major stock tokens against USDT with zero fees for one month.
  • Move aligns with rising interest in RWAs and blockchain-based financial products.

Coinlocally today launched 10 new tokenized stock pairs on its trading platform and introduced a zero-fee trading campaign for all newly-listed stock pairs.

The new listings include widely recognized companies such as Tesla, Amazon, Apple, NVIDIA, and Alphabet. 

Starting on April 14, users can trade TSLAX, COINX, AMZNX, AAPLX, NVDAX, GOOGLX, MCDX, HOODX, METAX, and CRCLX against USDT with zero trading fees through May 14, 2026.

This new group of listings gives users exposure to some of the most closely Marco watched names across technology, consumer internet, and digital finance, while keeping that access within Coinlocally’s existing trading environment.

Tokenized real-world assets (RWAs) continue to grow across the digital asset market, with more than $26 billion in distributed on-chain value.

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At the same time, interest in tokenized equities has been building as more companies look at blockchain-based versions of traditional financial products.

Coinlocally’s new listings arrive as tokenized stocks begin to attract wider attention from both crypto platforms and traditional market infrastructure players.

“We want users to be able to access newly-listed tokenized stock markets without extra cost during the launch period,” said Sam Baumann, COO at Coinlocally.

Listing these pairs with zero-fee trading is a practical way to make the product easier to try and more accessible to a wider range of traders.

The rollout reflects Coinlocally’s broader strategy of connecting traditional market exposure with digital asset trading.

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The platform supports more than 600 digital assets across spot, margin, and futures markets, with tools for both retail and professional users.

The new tokenized stock pairs expand that offering by bringing another set of familiar market names onto the platform.

Coinlocally has also been building out a wider product ecosystem beyond its main trading markets.

In addition to spot and derivatives trading, the platform offers services such as P2P trading, Earn, Launchpad, and educational resources aimed at users with different levels of experience.

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Within that broader mix, the new stock pairs give users another way to access tokenized versions of traditional assets without leaving the platform. 

Users can visit Coinlocally’s trading platform to explore the newly listed tokenized stock pairs and start trading with zero fees.

About Coinlocally

Founded in 2020, Coinlocally is a global fintech and digital asset exchange offering secure, fast, and transparent access to cryptocurrency and forex markets.

With high liquidity and advanced trading tools, including spot, futures, bot trading, grid strategies, and copy trading, the platform serves both beginners and professional traders worldwide.

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Coinlocally’s mission is to bridge traditional finance with the emerging world of decentralized finance, empowering users with greater control of their assets through a compliance-driven, seamless transition from centralized (CEX) to decentralized (DEX) trading and broader Web3 innovation.

For more information, users can visit coinlocally.com or follow Coinlocally on Telegram or X.

This article is authored by a third party, and CoinJournal does not endorse or take responsibility for its content, accuracy, quality, advertisements, products, or materials. Readers should independently research and exercise due diligence before making decisions related to the mentioned company.

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Uzbekistan Launches Crypto Mining Zone in Karakalpakstan

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Uzbekistan Launches Crypto Mining Zone in Karakalpakstan

Uzbekistan has created a special crypto mining zone across Karakalpakstan under a presidential resolution signed on April 17, opening a supervised framework that lets approved mining companies sell mined digital assets on foreign platforms while keeping the proceeds inside the country’s banking system.

A presidential decree effective April 20 creates the “Besqala Mining Valley,” a special mining zone across the Republic of Karakalpakstan, where registered legal entities can carry out crypto mining, use a mix of power sources and apply for resident status through a new directorate under the republic’s Council of Ministers.

The framework gives miners in the zone the right to sell crypto assets obtained through mining on national crypto exchanges or foreign platforms, including through direct contracts, and to exchange them for other liquid crypto assets. Still, the opening comes with strict controls over how mining revenues move through the financial system, and proceeds from those sales must be transferred to bank accounts in Uzbekistan.

Tax breaks aim to lure miners

The decree also provides for a tax exemption through Jan. 1, 2035, while requiring them to pay a monthly fee equal to 1% of income from mining activity to the zone’s directorate. The resolution separately instructs officials to submit draft amendments to Uzbekistan’s tax code within two months.

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The new decree adds to Uzbekistan’s recent use of special-zone incentives in Karakalpakstan to attract investment into a region that a 2025 United Nations Development Programme report described as having high poverty rates and limited industrial development.

The new framework also adjusts Uzbekistan’s earlier approach to crypto mining. In 2023, Uzbekistan’s National Agency for Perspective Projects (NAPP) issued a decree on licensing crypto mining operations, requiring firms to only use solar power to mine digital assets. 

The new decree allows a wider mix of power sources within the zone, including renewable, hydrogen and grid electricity, with higher tariffs applied for grid usage.

Related: Uzbekistan increases fees for crypto operations

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Uzbekistan expands special-zone strategy to draw investment

The move also fits a broader investment strategy in Karakalpakstan. According to a Reuters report in November 2025, the government had established a separate tax-free zone for artificial intelligence and data center projects, offering discounted electricity and tax exemptions to draw foreign investors. 

Under the initiative, foreign firms investing $100 million or more get full tax and duty exemptions until 2040. According to the report, Uzbekistan expects to attract over $1 billion in foreign investment by 2030 from the AI special zone project. 

Related: Uzbekistan greenlights stablecoins for payments under new sandbox regime

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