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WTI Oil Price Climbs to a Monthly High

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WTI Oil Price Climbs to a Monthly High

As the XTI/USD chart shows, the price per barrel moved above the 4 February peak yesterday, marking its highest level since the start of the month. The bullish sentiment has been driven by geopolitical uncertainty. According to media reports:

→ The Trump–Netanyahu meeting in Washington on 10–11 February failed to ease tensions. Despite Omani mediation and statements suggesting a “near compromise”, no formal agreement has yet been reached.

→ Reports of a possible deployment of additional US carrier strike groups to the Middle East have added to market nerves. Any escalation could threaten supplies through the Strait of Hormuz, which accounts for around 20% of global oil consumption.

While the fundamental backdrop remains tense and continues to support higher oil prices, the chart simultaneously points to vulnerability to a pullback.

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Technical Analysis of the XTI/USD Chart

When analysing the WTI oil chart on 5 February, we:

→ used recent price swings to construct a broad ascending channel (shown in purple), noting that its lower boundary was acting as support;

→ suggested that the $65 level would become a key obstacle for bulls attempting to maintain upward momentum.

Recent price action supports this view, as:

→ if yesterday’s move above the 4 February high is treated as a bullish breakout, it appears to have failed — a potential bull trap;

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→ a bearish engulfing reversal pattern has formed on the chart (indicated by the arrow).

It is noteworthy that many investment bank analysts consider current WTI prices to be overstretched, forecasting a decline towards the $57–59 range due to oversupply. However, such a scenario would likely require a reduction in geopolitical risk.

In light of the above, it is reasonable to assume that the initiative may now be shifting to the bears, who could attempt to push prices towards the lower boundary of the channel. The $64.40 level — which acted as resistance last week — now appears to offer local support.

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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

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New Hampshire issues Bitcoin-backed municipal bond with Ba2 rating: Moody's

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New Hampshire issues Bitcoin-backed municipal bond with Ba2 rating: Moody's


New Hampshire’s Bitcoin-backed municipal bond receives Ba2 rating from Moody’s, marking the first instance of a public finance instrument backed by cryptocurrency.

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Tether Exec to Lead Pro-Crypto PAC, Marking Industry’s Midterm Push

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Crypto Breaking News

Key takeaways

  • Jesse Spiro of Tether is poised to chair Fellowship PAC, a crypto-backed political committee planning endorsements for the 2026 U.S. midterms.
  • The group claims to have raised over $100 million from crypto-aligned backers, though transparency around contributors remains limited.
  • The Fellowship PAC filed with the U.S. Federal Election Commission on Aug. 7 and had reported no contributions or expenditures as of Dec. 31, raising questions about funding sources and operational timeline.
  • Industry politics are intensifying as lawmakers weigh digital-asset regulation alongside debates over stablecoins, with broader implications for the sector’s political leverage.

Industry money and the evolving political playing field

Ripple Labs and Coinbase—spent more than $130 million on media buys in the 2024 elections and reported having about $193 million on hand ahead of the 2026 midterms. These figures illustrate a pattern of substantial, strategically deployed resources intended to shape messaging, candidate selection, and policy outcomes in ways perceived to benefit the sector.

Regulatory crossroads: stablecoins, yield, and the CLARITY Act

What to watch next in the 2026 cycle

Beyond U.S. politics, observers point to a broader question: will political engagement by the crypto sector translate into tangible regulatory outcomes, or will it primarily serve as signaling to markets and builders? The coming months should reveal how the Fellowship PAC, and others like it, balance signaling with real-world policy influence, particularly as the Senate weighing of the CLARITY Act remains unsettled and as discussions around stablecoins and digital-asset markets continue to evolve.

Cointelegraph and other outlets will continue monitoring filings, endorsements, and the evolving regulatory dialogue to assess how these political moves might shape the crypto landscape through 2026 and beyond.

Readers should watch for developments on who funds Fellowship PAC, how its endorsement strategy unfolds, and whether the Senate reopens consideration of digital-asset reform in a way that aligns with or counters the industry’s political ambitions.

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

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Bitcoin is Positioning for ‘War is Ending’ Narrative Ahead of Trump’s Iran Speech

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Bitcoin held steady near the $68,000 range on Wednesday as markets braced for a key speech from President Donald Trump on the Iran war. Reports suggest Trump may signal that the conflict is nearing an end, possibly within weeks, while framing recent actions as a strategic success.

However, despite the “war ending soon” narrative gaining traction, Bitcoin’s intraday data shows a more cautious market beneath the surface.

Rallies Sold, Not Built

Cumulative Volume Delta (CVD) shows a clear trend: sellers dominated most of the day.

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After an early push higher, CVD steadily declined into negative territory. This means more aggressive sell orders hit the market than buys. In simple terms, traders used price strength to exit positions rather than build new ones.

Even during small recoveries later in the day, selling pressure continued. That signals weak conviction behind the upside.

Bitcoin CVD on April 1, 2026. Source: TradingView

Volume Confirms Distribution

On-Balance Volume (OBV) tells a similar story.

While Bitcoin’s price moved sideways for much of the session, OBV trended lower. This divergence suggests that volume flowed out of the asset, not into it.

Put simply, the market was not accumulating Bitcoin. Instead, it was quietly distributing, with sellers outweighing buyers over the full session.

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Bitcoin On-Chain Volume on April 1, 2026. Source: TradingView

Late Buyers Step In — But Lightly

Chaikin Money Flow (CMF) adds a final layer.

The indicator flipped slightly positive toward the end of the day, showing that some buyers stepped in during the final hours. However, the move remained modest and inconsistent.

This suggests dip-buying activity, but not strong or sustained demand.

Bitcoin CMF on April 1, 2026. Source: TradingView

Market Prepares, But Doesn’t Commit

Taken together, the data points to a market positioning defensively.

Bitcoin appears to be pricing in the possibility of de-escalation. Yet traders are not aggressively betting on a breakout. Instead, they are selling into strength and waiting for confirmation.

The pattern aligns with a broader “sell the news” setup.

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Bitcoin Price Chart Over the Past Week. Source: CoinGecko

A Narrative Priced In — But Not Trusted

If Trump confirms a near-term end to the conflict, markets may react positively at first. However, Bitcoin’s flow data suggests that much of this expectation is already priced in.

For now, the market is not chasing the narrative. It is preparing for it — cautiously.

The post Bitcoin is Positioning for ‘War is Ending’ Narrative Ahead of Trump’s Iran Speech appeared first on BeInCrypto.

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Square launches zero-fee Bitcoin payments for US merchants through 2026: Square

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Square launches zero-fee Bitcoin payments for US merchants through 2026: Square


Square is waiving processing fees for Bitcoin payments at US merchants for two years, with instant dollar conversion to reduce adoption barriers.

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

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$80M Hyperliquid Whale Bet Predicts Bitcoin Crash and Oil Rally

Key takeaways:

  • A Hyperliquid whale placed an $80 million bet against Bitcoin and the S&P 500 while going long on Brent crude oil prices.

  • The whale’s history of massive losses and inconsistent signals suggests the trade could fall on the wrong side of the market.

Bitcoin (BTC) showed strength on Wednesday, bouncing back from Tuesday’s $66,000 low after President Donald Trump teased a potential ceasefire in the US and Israel-Iran war. Even with Bitcoin trading above $68,000, one whale used Hyperliquid DEX to place an $80 million bet on a market collapse. 

Traders are now watching closely to see if this whale’s massive position signals a looming Bitcoin price drop.

Hyperliquid whale 0x94d373…c933814 position. Source: CoinGlass

The Hyperliquid whale, linked to address 0x94d373…c933814, carefully built this nearly $80 million leveraged position between Tuesday and Wednesday. The trade includes a $40 million short (sell) on Bitcoin futures near $68,760, a $2 million short on synthetic S&P 500 Index contracts, and a $37 million long (buy) in synthetic Brent oil contracts.

Crude Brent oil (left) vs. Bitcoin/USD (right). Source: TradingView

The whale’s aggregate position leverage stood at 7 times, indicating high conviction. The Bitcoin futures liquidation price was $80,083, while the Brent oil position would be forcefully terminated above $93. The timing of the trade is curious as S&P 500 Index futures gained 4% between Tuesday and Wednesday as traders anticipate the US and Israel-Iran war dissipating over the next few weeks.

On Wednesday, President Trump said “Iran’s New Regime President” is considering a “ceasefire,” although the conditions to fully reopen the Strait of Hormuz remain unknown. Iran demands reparations and sovereignty. Thus, one could assume that the Hyperliquid whale is counter-trading the market’s optimistic take, betting that Brent crude oil prices will jump while Bitcoin loses its value.

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This Hyperliquid whale previously lost $40 million

This address belongs to a particularly unlucky whale, or at least one who has been extremely unsuccessful since late January. The Hyperliquid whale apparently uses bots for execution, given the sheer number of small trades that build into huge positions, but it still managed to lose $37 million in its first month of activity in December 2025.

The same user was flagged by X user ‘lookonchain’ on Feb. 5 after taking a massive loss on leveraged bullish bets on Ether (ETH), Bitcoin, Solana (SOL), and XRP (XRP). 

Source: X/lookonchain

According to the analysis, the whale had previously made $25 million in profits from shorts in multiple cryptocurrencies, but decided to flip the position on Feb. 4, resulting in a $40 million loss. There is no way to know exactly what triggered this entity to place those bets, but the event proves that even whales can misinterpret the market.

Related: Warren Buffett bought $17B in US T-bills: A bad omen for Bitcoin price?

The erratic signals from President Trump regarding a potential full-on invasion and the war in Iran leave room for opposing views. Iranian Foreign Minister Abbas Araghchi denied there were talks for a ceasefire but confirmed to Al Jazeera on Tuesday that there was an intention to end the war, according to CNBC.

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Given the history of this whale’s market positioning and its track record of losing trades, it’s possible that the current $80 million bet may fall on the wrong side of the market.