Connect with us
DAPA Banner

Crypto World

Bitcoin, stocks rally on hopes of US-Israel-Iran war ending

Published

on

Crypto Breaking News

Bitcoin briefly touched a fresh intra-day high near $68,589 as markets absorbed a mix of geopolitics and macro signals. The move came alongside a broad risk-on rally in U.S. equities, with the Dow Jones Industrial Average climbing more than 1,125 points, the S&P 500 rising around 2.9%, and the Nasdaq advancing about 3.8%. The day’s headlines centered on chatter about ending a war involving the United States, Israel and Iran, buoying sentiment even as traders remained wary of sustaining gains in the crypto market.

On Tuesday, The Wall Street Journal reported that President Trump told aides he could consider ending the conflict with Iran, with the Strait of Hormuz partially open but no formal statement issued. Separately, unconfirmed reports attributed to Iranian President Masoud Pezeshkian suggested Tehran might be seeking a path to exit the war, though such remarks have not been independently verified. Whether the statements prove reliable or not, they contributed to a mood shift that encouraged risk-taking across traditional markets, even as crypto traders kept their expectations in check.

Despite the synchronized bounce in risk assets, observers caution that Bitcoin’s ability to sustain the breakout remains uncertain. Analysts cited by Cointelegraph highlighted that a daily close above the 50-day moving average near $68,879 would be a meaningful signal of a potential trend shift. From there, some see room for a liquidity-driven extension toward approximately $82,000, but only if buyers step in with durable, directional commitments rather than headline-driven moves.

Key takeaways

  • Bitcoin briefly rose to about $68,589 as geopolitical and macro headlines supported a risk-on backdrop.
  • U.S. equities logged a broad rally: the Dow up by more than 1,125 points, the S&P 500 up roughly 2.91%, and the Nasdaq up about 3.83%.
  • Analysts say a daily close above the 50-day moving average near $68,879 would mark a potential trend change and could unlock further upside if leveraged players unwind or cover shorts.
  • Crypto traders remained skeptical of a durable breakout, with much price action driven by headlines, equities, and perpetual futures rather than sustained buy-side conviction in spot markets.
  • Cointelegraph notes point to flat open interest in futures and weak spot demand since the Feb. 6 sell-off below $60,000, alongside short-term traders selling below cost basis around $85,800 and stablecoin inflows near a two-year low.

The market backdrop: what’s really pushing the price action

In the broader market, the relief rally follows a period of heightened attention to policy and conflict dynamics. The weekend and early-week headlines suggested at least a possibility of de-escalation, with Trump’s communications and unconfirmed statements from Iranian leadership contributing to a mood swing that benefited risk assets. However, the cryptocurrency market did not display the same confident impulse that characterized equities, underscoring a divergence between macro optimism and crypto-specific demand.

In a sense, Bitcoin’s price trajectory remains tethered to a mix of headline risk and technical thresholds. The $68,879 level—the approximate 50-day moving average—has emerged as a practical line in the sand. A daily close above that level would be interpreted by many traders as a sign that bullish momentum can persist beyond a few sessions. Conversely, failure to clear that barrier could reinforce a rangebound pattern, leaving BTC prone to whipsaws tied to news flow and broader market sentiment.

Advertisement

Analysts highlighted that the market’s appetite for directional bets remains constrained. The research notes that a lack of durable bid depth—evidenced by flat open interest in Bitcoin futures and tepid spot demand since the February dip below $60,000—suggests most price moves are driven by news and correlated markets rather than a broad base of new buyers. This posture makes BTC more vulnerable to abrupt reversals if headlines turn sour or if macro conditions deteriorate again.

What traders are watching next

Beyond the immediate friction at the $68,879 threshold, traders are watching for clearer signals from both the spot and futures markets. A sustained move past that line could invite a liquidity-driven push higher if liquidations and stop-orders align to reinforce the breakout. In practice, that would require a broad shift in investor posture—from cautious footing to active accumulation among spot buyers and ETF-like vehicles, if applicable in the current market environment.

On the technical front, the next real milestones are shaped by volatility regimes and risk tolerance. If Bitcoin can establish a daily close above the 50-day moving average, buyers may gain confidence to press toward higher targets. If not, the picture could tilt back toward consolidation, with traders awaiting a fresh catalyst to re-ignite momentum. This dynamic underscores a larger question facing the crypto market: will the current price action translate into durable demand, or will it remain a series of episodic rallies tethered to headlines?

On-chain signals add nuance to the story. Cointelegraph highlighted that stablecoin inflows to exchanges are near a two-year low, which generally signals a cautious stance among traders. Simultaneously, open interest in Bitcoin futures and spot demand have remained flat since the Feb. 6 decline, reinforcing the impression that the market is not currently laying down strong directional bets. These indicators suggest that even as price moves translate into headlines-based enthusiasm, the fundamental bid for Bitcoin remains restrained—a critical factor for readers weighing whether this rally has legs or is likely to falter.

Advertisement

For investors and builders, the unfolding scenario offers a key lesson: headlines can temporarily lift risk assets, but the path to sustained upside in BTC depends on a credible, durable bid from market participants across the full spectrum of the ecosystem. In this context, the potential for a broader move will hinge not just on geopolitical optics but on the crypto market’s ability to attract real spot demand and to overcome the structural restraint that has characterized the current cycle.

Looking ahead: uncertainty and the path forward

While the Wall Street Journal’s report on possible de-escalation added a narrative tailwind, the absence of official confirmation means markets remain in a wait-and-see posture. For Bitcoin, the critical test remains whether buyers can sustain a move beyond the near-term technical ceiling and ignite a longer-lasting uptrend. Until then, the price action could continue to reflect a tug-of-war between headline-driven optimism and the more cautious posture seen in on-chain metrics and spot-market activity.

Readers should watch for any tangible policy developments that could shape risk appetite and for evidence of improving spot demand, not just speculative leverage. In the near term, the absence of a clear bid from the spot market and muted open interest imply that BTC could continue to drift within a familiar range until a decisive catalyst emerges.

As markets digest these signals, the next few sessions may reveal whether the current optimism has a durable basis or if crypto markets will revert to a more cautious stance as the macro and geopolitical backdrop evolves. The balance between headlines, technical levels, and real demand will determine whether BTC can translate short-term enthusiasm into a sustained move higher or retreat to the lower end of its recent trading band.

Advertisement

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Anthony Scaramucci backs Saylor’s 11.5% Bitcoin yield while teasing ‘Mooch 2028’

Published

on

Anthony Scaramucci backs Saylor’s 11.5% Bitcoin yield while teasing ‘Mooch 2028’

Anthony Scaramucci is openly backing Michael Saylor’s high‑yield Bitcoin strategy at the same time he jolts markets with a tongue‑in‑cheek X video announcing a 2028 presidential run, sharpening the line between his crypto advocacy and broader economic message.

Summary

  • Scaramucci calls himself a “big fan” of Michael Saylor while dissecting Strategy Inc.’s roughly 11.5% perpetual yield tied to Bitcoin, warning that leverage and drawdowns remain real risks.
  • In a previous crypto.news story, he linked that same wealth‑gap narrative to stalled CLARITY legislation in Washington and his long‑term Bitcoin thesis.
  • His April 1 “Mooch 2028” video on X, framed as an April Fools’ gag, doubles as a campaign‑style address on inequality, debt and digital assets.

In a recent episode of the All Things Markets podcast, SkyBridge Capital founder Anthony Scaramucci and Galaxy Digital CEO Mike Novogratz pulled apart Strategy Inc.’s (NASDAQ: MSTR) use of high‑yield perpetual securities, which Scaramucci said can deliver “four quarterly dividend payments equivalent to a yield of approximately 11.5%” for Bitcoin believers. He was explicit about his own position: “I’m a big fan of Saylor, and obviously SkyBridge owns a lot of Bitcoin. We don’t hold any of those assets, but I just wanted to disclose that to people.”

Saylor’s 11.5% Bitcoin‑backed yield under scrutiny

Novogratz stressed the structure’s dependence on leverage: “It’s leverage on the strategy,” he said, arguing Saylor currently enjoys a “big margin of safety” because of his large Bitcoin corpus but that a sharp drop in BTC would “inevitably” eat into that cushion. He warned that if Bitcoin crashed to around $30,000, perpetual investors “naturally” fear losing principal, because they “don’t have the right to get their money back” and Saylor can theoretically halt dividends, which would likely push the instrument to a steep discount.

Advertisement

That nuanced pitch to yield‑hungry Bitcoin holders landed just hours before Scaramucci’s latest viral video on X, where he stood in his office wearing a “Mooch 2028” cap and declared, “I’m running for President of the United States in 2028… Join me and help me heal America.” The clip, posted on April Fools’ Day, was quickly framed by outlets like Benzinga and Breitbart as a prank, but it reads like a test balloon: he references his ill‑fated 11‑day stint in Donald Trump’s first White House and insists, “I do believe I can help guide this country in the right direction.”

In a separate BeInCrypto interview covered by BloomingBit, Scaramucci said that passing the CLARITY Act, Washington’s flagship crypto market‑structure bill, is “not an easy situation,” adding that “in the current political environment, securing 60 votes in the Senate is almost impossible.” Earlier comments to Coinness underscored how partisan rancor over Trump’s launch of a memecoin, which he said earned between $600 million and $700 million, has further poisoned the well for bipartisan crypto rules.

Price‑wise, Scaramucci has hardly turned cautious: in February he told Benzinga that Bitcoin “doesn’t reward being early, but being patient,” even as BTC traded near $70,981, down about 7.2% on the day, and more recently has floated scenarios of $2 million to $3 million per coin over the next decade. For a would‑be “Mooch 2028” candidate, the message is clear enough — leverage can juice returns, but the real bet is that Bitcoin outlasts U.S. political dysfunction.

Advertisement

Source link

Advertisement
Continue Reading

Crypto World

Robinhood (HOOD) Stock Faces Wave of Analyst Downgrades Amid Slowing Trading Volumes

Published

on

HOOD Stock Card

Key Takeaways

  • Needham reduced HOOD price target from $100 down to $90 while maintaining its Buy recommendation
  • Compass Point lowered its target from $127 down to $108, retaining its Buy stance
  • March data revealed declining volumes across equity, options, and cryptocurrency trading
  • HOOD shares have plummeted 52% in the last six months and 38% since the year began
  • The company’s banking arm has exceeded $1.5 billion in total deposits

Robinhood Markets has encountered significant headwinds this week as several Wall Street analysts have lowered their price expectations following the release of disappointing March trading data.


HOOD Stock Card
Robinhood Markets, Inc., HOOD

On Wednesday, Needham’s John Todaro revised his price target downward from $100 to $90, though he maintained his bullish Buy rating. His decision stemmed from observations of decelerating growth throughout virtually all segments of the platform.

“We view HOOD as the most advanced financial services platform in its evolution toward a comprehensive financial super app, however the latest volume data and reduced net interest income suggest a more subdued operating environment,” Todaro explained.

The March performance report, published March 30, indicated equity notional trading volumes reached approximately $196 billion. The platform processed 187 million options contracts, while cryptocurrency trading notional volumes totaled $16 billion.

Todaro adjusted his equities and options projections for the first quarter of 2026 downward but maintained his cryptocurrency volume forecasts unchanged, noting that declines in that sector had already been incorporated into previous models. He also reduced revenue expectations for both 2026 and 2027, primarily due to anticipated lower trading activity and diminished net interest income.

His revised $90 target price reflects 27 times Needham’s discounted fiscal 2027 EV/EBITDA calculation.

Advertisement

This adjustment came one day after Wolfe Research’s Steven Chubak lowered his target from $115 to $81 — representing approximately a 30% reduction. His revision followed a decline in cryptocurrency transaction revenues, further pressured by broader digital asset market weakness.

Compass Point Joins Downgrade Chorus

Compass Point’s Ed Engel similarly decreased his price objective on Wednesday, moving from $127 to $108 while preserving his Buy rating. His forecasting models project Q1 revenue coming in 9% beneath consensus expectations, with shortfalls anticipated across all three primary business lines.

Engel observed that retail trading activity typically decelerates after five to six straight months of volatile market conditions, and that most retail investor favorites have generally declined since early October.

He made a comparison to April 2025, when analysts were reducing forecasts ahead of Liberation Day. Engel proposed that should markets recover, Robinhood could emerge as a significant beneficiary considering the 2026 IPO calendar.

Advertisement

HOOD shares have now declined 52% during the past six months and trade 46% beneath their 52-week peak of $153.86. The stock currently carries a P/E multiple of 34.14 and commands a market capitalization of $63.1 billion. InvestingPro’s analysis indicates the stock appears overvalued at present price levels.

Banking Segment Provides Encouraging Signs

Despite trading challenges, not all indicators are negative. Robinhood’s banking operation has surpassed $1.5 billion in deposits, serving nearly 100,000 funded customers — representing an approximately 50% deposit increase over a recent timeframe.

Bernstein SocGen Group reduced its price target from $160 to $130 while maintaining an Outperform rating. The investment firm continues to forecast 25% earnings per share expansion by 2026 and a 30% revenue compound annual growth rate spanning 2025 through 2027.

Jefferies launched coverage with a Buy recommendation and an $88 price target, highlighting opportunities from expanding global retail participation and a diversified product offering.

Advertisement

According to TipRanks, HOOD maintains a Strong Buy consensus recommendation based on 15 Buy ratings and 2 Hold ratings, with an average price target of $117.33 — suggesting approximately 67% potential upside from current trading levels. The most optimistic price target among analysts reaches $147.

The company’s complete first-quarter earnings report is scheduled for release in May.

Source link

Advertisement
Continue Reading

Crypto World

Soluna Announces $53M Acquisition of Wind Farm for AI Facility

Published

on

Mining, Bitcoin Mining, Energy, Data Center, Renewable Energy

Soluna Holdings, a publicly traded Bitcoin (BTC) mining and AI infrastructure company focused on renewable energy, announced on Thursday that it closed a $53 million deal to acquire a wind farm to power its upcoming Project Dorothy 3 AI data center campus.

The Briscoe Wind Farm, located in Briscoe County, Texas, has a potential capacity of up to 300 megawatts (MW), according to the company’s announcement.

The company forecasts that the facility will generate annualized revenue between $20 million and $24.4 million. 

Shares of Soluna are up by about 7.6% following the news, and are trading at about $0.76 at the time of writing.

Advertisement
Mining, Bitcoin Mining, Energy, Data Center, Renewable Energy
Soluna Holdings’ share price rose on the day of the acquisition announcement. Source: Yahoo Finance

Soluna expanded into AI data center infrastructure in February 2024, amid an industry-wide pivot toward AI and high-performance computing infrastructure to shore up declining revenues from the crypto mining business.

Related: AI data center gold rush sparks debate over impact on Bitcoin mining

Miners adopt renewable energy solutions amid profit squeeze

The Bitcoin mining industry faces several economic headwinds, including declining block rewards, rising energy costs and compressing profit margins, with many companies operating near or below breakeven levels.

Up to 20% of mining companies aren’t profitable, according to a March 2026 report from asset manager CoinShares.  

The average cost to mine a single Bitcoin rose to nearly $80,000 in the fourth quarter of 2025, CoinShares said. Bitcoin is currently trading well below that level.

Advertisement
Mining, Bitcoin Mining, Energy, Data Center, Renewable Energy
The average cost to mine a single BTC for major mining companies. Source: CoinShares

“Q4 2025 marked the most challenging quarter for Bitcoin miners since the April 2024 halving,” the report said.

The October 2025 market crash, which caused Bitcoin to plummet from an all-time high around the $125,000 level to a low of about $60,000, and rising network hashrate have placed even more pressure on the industry, CoinShares said.

Mining, Bitcoin Mining, Energy, Data Center, Renewable Energy
Bitcoin’s hashrate, or the total computing power expended by miners to secure the network, continues to rise. Source: CoinShares

Bitcoin mining companies sold over 15,000 BTC between October and early March to cover operating expenses, and the pace of selling has continued in recent weeks.

Several Bitcoin mining companies, including The Pheonix Group and Sangha Renewables, have adopted renewable energy solutions to power their operations and remain competitive amid a challenging business environment. 

Canaan, a mining hardware manufacturer and mining company, partnered with Soluna in September to deploy a wind-powered BTC mining facility at the Briscoe, Texas site. 

Related: AI may already use more power than Bitcoin — and it threatens Bitcoin mining

Advertisement