Altcoins News
By Bruce Buterin
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Recovery Takes Shape. Ethereum climbed back to $2,800 from its October low of $1,500.
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Whales and Retail Both Buying. MicroStrategy went shopping again on April 7, picking up another 1,500 Bitcoins.
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Bitcoin jumped back to $42,000 on Monday. The move caps off what's been a pretty wild recovery since that brutal October crash that left most traders licking their wounds and…
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The October selloff was nasty. Bitcoin got crushed below $30,000 for the first time since 2023, and pretty much every altcoin got hammered alongside it.
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Ethereum climbed back to $2,800 from its October low of $1,500. Solana hit $85, which isn't bad considering where it was just months ago.
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JPMorgan Chase dropped news on April 5 about expanding their blockchain services. That's a big deal because when the big banks start talking blockchain again, it usually means…
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And there's still that regulatory mess hanging over everything. The SEC hasn't said squat about those Bitcoin ETF applications that everyone's watching.
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MicroStrategy went shopping again on April 7, picking up another 1,500 Bitcoins. Michael Saylor basically said the dip was too good to pass up - his company now holds over…
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Retail traders are trickling back too. Glassnode data shows active Bitcoin wallets jumped 15% since January.
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Cathie Wood from ARK Invest was on CNBC on April 8 talking up crypto's long-term potential. She's still betting big on blockchain tech transforming entire industries.
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The European Central Bank chimed in April 6 with a report about digital currencies getting woven into the financial system.
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Kraken announced April 11 they're expanding into Latin America. CEO Jesse Powell said demand down there is heating up, so they want to get in early.
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But challenges keep popping up. Regulatory pressure from U.S. agencies isn't letting up. China and India still haven't given clear guidance on what they plan to do with crypto,…
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Trading volumes on major exchanges remain elevated compared to pre-crash levels. That could mean sustained interest or just continued uncertainty - hard to tell which.
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The crypto market's total value sits around $1.8 trillion now, still well below the peaks we saw before October.
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