Bitcoin News: Strategies for Identifying and Avoiding Bitcoin Buying Scams

As Bitcoin continues to attract investors seeking both digital currency usage and investment returns, it has unfortunately also garnered the attention of criminals looking to exploit the market. Financial losses from Bitcoin scams are often irreversible, highlighting the importance of education and vigilance in protecting oneself. Here, we provide a summary of key strategies for recognizing and avoiding common Bitcoin buying scams.

How to Spot and Avoid Bitcoin Buying Scams

Bitcoin attracts investors due to its dual use as a digital currency and investment asset, but it has also attracted criminals intent on theft. Financial losses from Bitcoin transactions are usually permanent once scammers succeed, and scams often involve fake exchanges, phishing schemes, and fraudulent investment pools. Protection from fraud is possible through education and vigilance. Recognizing fake cryptocurrency exchanges is key, as scammers use convincing but false platforms to trick users into giving up their funds.

Bitcoin Price Analysis: Will BTC Break Resistance or Face Rejection?

Since the start of this year, the Bitcoin market has experienced a decline of 10.64%. In January, the market touched a new all-time high of $109,586.27 but monthly returns were just 9.54%. February saw returns decline sharply to -17.5%, likely due to economic uncertainty from Trump’s tariff plan. March improved slightly with monthly returns of -2.19%. This month, the market has surged by 1.30% and yesterday attempted to break above key technical levels, including a downward sloping resistance and a 200-day Exponential Moving Average.

Trump Reciprocal Trade Tariffs Spark Fear! Is Bitcoin Crashing to $71K?

Bitcoin is facing uncertainty as new U.S. trade tariffs add pressure to the volatile market. Charles Edwards compares the current situation to the 2022 bear market bottom. Analysts predict that Bitcoin could hit $71,000 if economic pressure continues to grow. On April 2, after President Trump announced global reciprocal trade tariffs, Bitcoin dropped by 8.5% in a single day.

Bitcoin Volatility Spikes Post-Trump Tariffs Announcement

When President Trump announced tariffs on Wednesday, Bitcoin shot up to just over $88,600. However, as it became clear that the tariffs were more onerous than expected, the price dumped by 7% within 4 hours, causing liquidations among traders. The market had anticipated a 10% baseline tariff across the board, but the actual tariffs were higher. This unexpected move led to significant volatility in the Bitcoin market.

Metaplanet Boosts Bitcoin Holdings with ¥2.63 Billion Raise

Japanese public company Metaplanet has secured ¥2.63 billion in funding to expand its Bitcoin holdings. This move reinforces its commitment to crypto as a strategic asset, following the footsteps of major institutional investors embracing Bitcoin as a hedge. As traditional markets fluctuate, Metaplanet’s bold decision highlights growing corporate confidence in digital assets. With this latest investment, the company strengthens its position in the evolving financial landscape.

Bitcoin’s Hash Rate Hits Record High, Price and Activity Diverge

The Bitcoin blockchain’s hashrate has surged to an all-time high of 838 exahashes per second (EH/s) on a 14-day moving average, and reached a 24-hour peak of 974 EH/s. This growth in computational power required to mine a block reveals a growing dislocation between network activity and Bitcoin (BTC) prices. The next difficulty adjustment, expected in two days, is anticipated to increase by over 3%, marking a new peak. This divergence between hashrate and price suggests a complex market dynamic at play within the Bitcoin ecosystem.