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Cosmos rises, Sonic upgrades, and Qubetics crosses $16M during a calm in the US-China trade war. Discover the top cryptos to join for 2025 right now.
The post Qubetics, Cosmos, Sonic React to Trump Trade TruceTop Cryptos to Join for 2025 appeared first on Kanalcoin.
China has added five tonnes of gold to its reserves in under a month as part of an increasing aggressive purchase of the precious metal. Bitcoin continues to stand firm above the $87,000 level despite recent market fluctuations. Related Reading: Todays $1K XRP Bag May Become Tomorrows Jackpot, Crypto Founder Says PBOC Gold Accumulation Up As Bitcoin Price Soars According to the Kobeissi Letter in posting messages on X, the People’s Bank of China has been abruptly accumulating gold. It has acquired five tonnes over the last month. This has taken place amid uncertainty in global markets from the rift caused by persistent tensions in trade along US-China fronts. Bitcoin traders seem to witness this, as the price of the crypto holds strong at $87,280, with scanty negative macronews in the background. Merely four days ago, cryptocurrencies fell back after US President Donald Trump proclaimed a 245% import tax on Chinese items. The quick recovery has surprised many market observers. BREAKING: Chinas central bank increased its gold holdings by 5 tonnes in March, posting their 5th consecutive monthly purchase. This brings total Chinas gold reserves to a record 2,292 tonnes. Chinese gold holdings now reflect 6.5% of its total official reserve assets. pic.twitter.com/LuwiBvnirn The Kobeissi Letter (@KobeissiLetter) April 20, 2025 Whale Wallets Indicate Growing Appetite For Bitcoin Statistics by Glassnode indicate a steep increase in addresses containing over 1,000 Bitcoin. More than 60 new “whale” wallets have entered the market since early March. The number of such large Bitcoin addresses has increased from 2,030 in late February to 2,100 as of April 15, which is the highest in four months. The boost indicates large investors are purchasing more Bitcoin despite changing market conditions. Others say the strength of Bitcoin lies in its increased popularity as an inflation hedge, akin to gold. This theory has become more widely accepted as China seems to be steering away from US dollar-denominated assets. Gold Prices Hit New Records As Trade Tensions Mount Prices of gold have surged to $3,401, up by close to $100 over only a week. The rise comes as institutions, dominated by China, raise their gold stockpiles. The ongoing tariff war between the US and China has driven investors towards traditional safe-haven assets. Bitcoin is also seen to be gaining from this same trend, with some investors seeing it as a contemporary option for gold in times of uncertainty. Mixed Signals From ETF Flows And Market Analysts Not everything is rosy for Bitcoin. Reports disclose that nearly $5 billion has exited Bitcoin ETFs since their aggregate flow hit all-time highs. In spite of this outflow, Bitcoin’s price has remained extremely stable. Related Reading: Whales Swallowing Bitcoin Fast Will This Push BTC Price Up? There are also contradictory reports regarding China’s position on Bitcoin. While there are rumors that China may be accumulating a Strategic Bitcoin Reserve, other reports say the nation sold 15,000 BTC on offshore exchanges. The cryptocurrency’s ability to maintain its price despite these mixed signals has caught the attention of traders worldwide. As US-China economic tensions continue, investors are watching both gold and Bitcoin as potential safe havens in an increasingly unstable global market. Featured image from GEPL Capital, chart from TradingView
The Bitcoin price appears to be moving in lockstep with a bullish prediction made by a crypto analyst earlier this month. According to the analysts forecast, Bitcoin is set to break out to a new all-time high above $120,000 following the announcement of a temporary tariff pause by United States (US) President Donald Trump. $120,000 Bitcoin Price Forecast In Motion Kaduna, a crypto analyst on X (formerly Twitter), has released a follow-up analysis on his previous bullish prediction of Bitcoin, highlighting that it is playing out as expected. On April 11, the analyst predicted that Bitcoin was preparing for a massive push above $120,000. Related Reading: Trumps Tariff Pause Could Push Bitcoin Price Above $100,000, Pundit Reveals Exit Point He outlined a thesis that the 90-day suspension of President Trumps Tariffs would act as a powerful macroeconomic catalyst for Bitcoin. Kaduna argued that the market may start frontrunning about a month early, culminating in a mini bull market during a 55-day exit window between April 3 and June 3 2025. Accompanying this bullish analysis was a detailed chart comparing Bitcoins price movements through candlesticks with a blue overlay, believed to represent a macroeconomic indicator such as global M2. The blue line in the chart projects a steady climb during this window, offering a clear visual target above $120,000. Kaduna had stated that if his prediction played out, he would exit most positions by the end of the window. Just days after his bullish forecast, Bitcoin has begun mirroring the projected path. Kaduna revealed in a follow-up candlestick chart that Bitcoin is breaking above the local resistance at $84,000 with strong volume support, aligning with the predicted overlay. This early strength suggests that the frontrunning behaviour the crypto expert projected earlier is now playing out in real time. The blue line suggests a potential move toward the $120,000 – $125,000 range over the next month and a half, setting a clear upside target if momentum continues. Bitcoins price action is also unfolding right on cue within the 55-day window, validating the analysts bullish thesis. Both the overlay and Bitcoins prices are trending upwards, signaling that the market is indeed reacting to the macroeconomic tariff catalyst. If this trajectory holds, it would mark a significant validation of the analysts macro-technical analysis approach. Update On The Bitcoin Price Action Following its crash below $80,000, the Bitcoin price seems to be on a path to recovery. CoinMarketCaps data reveals that Bitcoin is currently trading at $83,395, marking a significant 7.16% increase over the past week. Related Reading: Bitcoin Price Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000 The cryptocurrency had broken the resistance level at $84,000 earlier this week. However, it retraced sold gains and is now trading at its present market value. Given its fluctuating price and unstable market, crypto analysts like Tony Severino have revealed that he is neither bullish nor bearish on Bitcoin. Instead, he seems to be taking a wait-and-see approach, closely monitoring how the market responds to ongoing volatility driven by the US Trade war and tariff implementation. Featured image from Adobe Stock, chart from Tradingview.com
As China reacts to the latest round of Trump’s tariffs on Friday, announcing a 125% tariff on all American goods, vice president of the Beijing-based Center for China and Globalization, Victor Zhikai Gao, commented: “We don’t care! China has been here for 5,000 years. Most of the time, there was no U.S., and we survived. […]
The post We dont care, states Chinese official upon latest escalation of Trumps tariffs appeared first on CryptoSlate.
In an escalation of global economic friction, President Trumps imposed tariffs have roiled financial markets this week, cutting across both equities, Bitcoin and cryptocurrencies. Yet a new memo from Bitwise Asset Management suggests that these headwinds might ultimately propel Bitcoin to new heightsregardless of whether Trumps strategy succeeds or fails. At the beginning of the week, the crypto market witnessed a severe sell-off. Bitcoin declined by about 5%, while Ethereum and XRP suffered even sharper losses17% and 18%, respectively. The immediate catalyst was Trumps imposition of a 25% tariff on most imports from Canada and Mexico, as well as a 10% tariff on China. In retaliation, those trading partners announced countermeasures of their own. Related Reading: Key Indicator Signals DCA Opportunity Amid Bitcoin Buyer Momentum The US dollar reacted by jumping more than 1% against major currencies. That, combined with lingering weekend illiquidity in crypto markets, triggered a wave of forced liquidations as leveraged traders sold into the downdraft. According to Bitwise Chief Investment Officer Matt Hougan, as much as $10 billion in leveraged positions was wiped out in what he described as the largest liquidation event in cryptos history. Despite the dramatic price action, Bitwises Head of Alpha Strategies, Jeffrey Park, remains optimistic about Bitcoins trajectory. He points to two guiding ideas that shape his bullish thesis: the Triffin Dilemma and President Trumps broader aim to restructure Americas trade dynamics. The Triffin Dilemma highlights the conflict between a currency serving as a global reservegenerating consistent demand and overvaluationand the need to run persistent trade deficits to supply enough currency abroad. While this status allows the US to borrow cheaply, it also puts sustained pressure on domestic manufacturing and exports. Trump wants to get rid of the negatives, but keep the positives, Park explains, suggesting that tariffs may be a negotiating tool to compel other nations to the tablereminiscent of the 1985 Plaza Accord, which devalued the dollar in coordination with other major economies. The Two Scenarios: Bitcoin Wins, Fiat Loses Park argues that Bitcoin stands to benefit under two distinct outcomes of Trumps current trade policy: Scenario 1: Trump Succeeds in Weakening the Dollar (While Keeping Rates Low) If Trump can maneuver a multilateral agreementakin to a Plaza Accord 2.0to reduce the dollars overvaluation without boosting long-term interest rates, risk appetite among US investors could surge. In this environment, a non-sovereign asset like Bitcoin, free from capital controls and dilution, would likely attract additional inflows. Meanwhile, other nations grappling with the fallout of a weaker dollar might deploy fiscal and monetary stimulus to support their economies, potentially driving even more capital toward alternative assets like Bitcoin. Related Reading: After The Bitcoin Crash: Will It Rise Or Drop Again? 5 Key Indicators If Trump can bully his way into the position, theres no asset better positioned than bitcoin. Lower rates will spark the risk appetite of US investors, sending prices high. Abroad, countries will face weakened economies, and will turn to classic economic stimulus to compensate, leading again to higher bitcoin prices, Park argues. Scenario 2: A Prolonged Trade War And Massive Money Printing If Trump fails to secure a broad-based deal and the trade war grinds on, global economic weakness would almost certainly invite extensive monetary stimulus from central banks. Historically, such large-scale liquidity injections have been bullish for Bitcoin, as investors seek deflationary and decentralized assets insulated from central bank policies And what if he fails? What if, instead, we get a sustained tariff war? Our high-conviction view is the resulting economic weakness will lead to money printing on a scale larger than weve ever seen. And historically, such stimulus has been extraordinarily good for bitcoin, Park says.. At press time, BTC traded at $98,557. Featured image created with DALL.E, chart from TradingView.com
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