Bitcoin News: Bitcoin Recovers Above 87k Ahead of Liberation Day, Market Capitalization Soars

Bitcoin Recovers Above 87k Ahead of Liberation Day

BTC has risen above the 200 SMA and is currently holding above 87k. Bitcoin spot ETFs have seen seven consecutive days of inflows. Optimism around Trump’s trade tariffs is supporting risk assets, but the BTC funding rate has turned negative. April 2, known as Liberation Day, may provide more clarity on the direction of Bitcoin. The broader crypto market has also rebounded, with the total market capitalization rising by $400 billion to $2.85 trillion.

Bitcoin Faces Key Technical Resistance

Bitcoin’s recent price action has highlighted the significance of the 200-day moving average (200DMA) at approximately $85,000 as a crucial market structure level. Over the past two days, momentum reignited once Bitcoin reclaimed this level, reinforcing its role as a critical technical threshold. However, the cryptocurrency remains in a tight range, facing resistance at higher levels, with a breakout yet to be confirmed.

GameStop News: Bitcoin Adoption Triggers Over 30% Surge in GME Token

GameStop is making significant moves in crypto by announcing its policy change to hold Bitcoin in its treasury reserves. Following this news, the GME token’s price jumped by 30%. Many investors follow Roaring Kitty, who popularized the GME token. Now, GameStop has joined other major businesses in adopting BTC, strengthening the LINK between its stock and crypto. The company’s board of directors agreed to include BTC in its corporate treasury, marking a significant change in its financial strategy. This decision was made public in its fourth-quarter earnings report.

Meltem Demirors On Crypto Rally: ‘Are We So Back? Not So Fast’

Over the past two weeks, Bitcoin and the broader crypto market have seen a slight recovery. However, Crucible Capital General Partner Meltem Demirors struck a cautious tone on the future of the crypto rally. In an interview on Bloomberg, Demirors addressed trading volumes, ETF inflows, and concerns about “hidden leverage” in the crypto ecosystem. She noted that while sentiment is positive due to the renewed buzz around crypto in political rhetoric, market volumes are abysmal and have returned to pre-election levels.

Early Bird Tickets for CryptoSphere 5.0 End April 4

On April 26th, 2025, Wrocław will host CryptoSphere 5.0, a meeting for the cryptocurrency and blockchain technology community. The event aims to discuss the latest trends in blockchain, artificial intelligence, cryptocurrencies, and the use of technology in institutions. It will provide a platform for the exchange of knowledge and ideas to build a future based on modern solutions. Don’t miss out on Early Bird tickets, which end on April 4. Tag a friend who is always talking about crypto but never attends such events. Purchase your ticket now: [link].