Bitcoin
Republican Candidate for US Senate, Curtis Bashaw, Accepts Bitcoin Donations

Key Points
- Republican candidate for US Senate, Curtis Bashaw, started accepting Bitcoin donations for his campaign.
- His stance on crypto aligns with other prominent political figures seeing digital assets as innovation and progress.
Curtis Bashaw, a Republican candidate for the US Senate, started accepting Bitcoin donations for his campaign. Bashaw is running for the US Senate in New Jersey to “provide freedom, security and opportunity to every New Jerseyan”, according to his X account.
The Republican candidate positions himself as a supporter of innovation and progress by integrating Bitcoin into his campaign. The move appeals to the growing number of American voters supporting blockchain technology and digital assets.
He recently stated that by embracing crypto, he is aligning his campaign with the future of finance. Bashaw’s campaign website is now featuring Bitcoin as a payment option via Anedot.
New Jersey Ranks 2nd in Terms of Crypto Owners
New Jersey is currently ranked second in the nation for the percentage of residents who own crypto, according to data from Coinbase.
Such high level of crypto adoption would benefit from a leader who understands and supports the industry and its potential.
It’s also worth noting that Bashaw’s pro-crypto position in NJ is important, especially during times in which the US is competing with China and other important global powers for dominance in blockchain technology and crypto.
US Political Bitcoin and Crypto Support
Bashaw’s campaign is aligned with the broader political trend which involves important political figures showing support for crypto and the blockchain.
For instance, important figures such as Miami’s Mayor Francis Suarez and Wyoming Senator Cynthia Lummis have been also showing strong support for the industry, bringing it into political discourses.
Lummis has been addressing FIT21 fighting to help the industry flourish in the US making regulating crypto in the country clearer for everyone who is working in the industry.
In June, it was reported that ‘Stand With Crypto’, a nonprofit group that has been created to keep the crypto industry in the US is fighting for “common-sense” regulations for digital assets
Also, former US President Donald Trump has been showing increased crypto support in 2024, with his own presidential campaign accepting Bitcoin as well.
The Republican Presidential candidate has been addressing his support for crypto on various occasions, highlighting that the US government should not sell its Bitcoin reserves.
In 2024 political support for Bitcoin and crypto has been on the rise, along with the growing crypto awareness in the US.
Crypto Awareness is Surging in the US
According to June data from Security.org, their 2024 Crypto Adoption and Sentiment Report, highlights that crypto awareness and ownership rates have increased to record levels.
Now, 40% of American adults own crypto, up from 30% in 2023, which translates to about 93 million people.

According to their data, among current crypto owners around 63% hope to obtain more crypto over the next year, with Bitcoin being the most desired digital asset in their top.
Other important data from Security.org’s report includes the following:
- The rate of crypto ownership by women surged from 18% in 2023 to 29% at the start of 2024.
- 21% of non-owners said that the Bitcoin ETFs in the US bring more openness to crypto investments.
- BTC ETFs could bring as many as 29 million American investors to the market.
Institutional Investment in Crypto on the Rise
It’s also worth noting that institutional investment in crypto is on the rise in the US. The trend has been especially accelerating in 2024 following the approval of Bitcoin ETFs at the beginning of the year.
As of June 30, important financial entities such as Morgan Stanley and Goldman Sachs disclosed owning shares in Bitcoin ETFs.
Morgan Stanley revealed significant positions in BlackRock’s Bitcoin ETF, IBIT – over 5.5 million shares worth about $188 million. They also disclosed shares in ARK 21Shares Bitcoin ETF, ARKB, and Grayscale Bitcoin Trust, GBTC as well.
Goldman Sachs also reported having fund shares in the US-based Bitcoin ETFs worth over $418 million as of June 30.
As Bitcoin valuation scenarios reach staggering predictions, such as VanEck’s $2.9 billion for BTC by 2050, the adoption of Bitcoin and crypto in the US continues to advance at a rapid pace.
Bitcoin
US Macroeconomic Indicators This Week: NFP, JOLTS, & More

Crypto markets have much to look forward to this week, which marks the end of the first quarter (Q1). As Q2 commences on Tuesday, several US economic data will drive Bitcoin (BTC) and crypto sentiment this week.
Traders and investors will watch a slate of US economic data releases that could ripple through Bitcoin and altcoin prices.
5 US Economic Data To Watch This Week
These US macroeconomic indicators could drive volatility amid fresh insights into the health of the world’s largest economy.

“Buckle up—volatility’s knocking. Right on time for the monthly shake-up,” a user on X quipped.
JOLTS
The first is the Job Openings and Labor Turnover Survey, or JOLTS, due for release on Tuesday, April 1. This report tracks available job vacancies in the US, effectively offering a window into employer confidence and labor market demand.
A strong showing, with openings exceeding recent trends of around 7.7 million, would suggest a strong economy. While this would strengthen the US dollar, it would dampen Bitcoin’s appeal as a hedge against weakness.
Conversely, a sharp drop in openings might stoke expectations of Federal Reserve rate cuts to bolster the economy. This outcome would lift risk assets like Bitcoin and crypto as investors seek alternatives to low-yield bonds.
ADP Employment
Adding to the list of US macroeconomic indicators this week is the ADP Employment report on Wednesday, April 2. This report will provide a private-sector payroll snapshot, serving as a preview of Friday’s main event.
There is a median forecast of 120,000 for March, following the previous month’s 77,000 reading. If job growth tops the consensus forecast, it could reinforce confidence in traditional markets, possibly pressuring crypto prices as the dollar gains ground.
On the other hand, a weaker-than-expected figure, say below 77,000, might hint at a slowdown. This would boost Bitcoin’s allure as a safe haven amid uncertainty. While not as authoritative as the official numbers, surprises here often set the tone for crypto traders adjusting their positions.
Liberation Day
Meanwhile, the stakes are high this week, with the US economy enduring uncertainties like Trump-era policies, including tariffs and government streamlining efforts. BeInCrypto reported on the upcoming Liberation Day, which is expected to bring new tariff announcements targeting nations imposing trade barriers.
“The last two months have already hurt American businesses and consumers, but the April 2 deadline seriously could make all of that look like a tempest in a teapot. We don’t know exactly what they’re going to do, but from what they’re saying, it sounds functionally like new tariffs on all US imports,” said Joseph Politano, economic policy analyst at Apricitas Economics.
Analysts predict extreme market volatility, with potential stock and crypto crashes reaching 10-15% if Trump enforces broad tariffs.
“April 2nd is similar to election night. It is the biggest event of the year by an order of magnitude. 10x more important than any FOMC, which is a lot. And anything can happen, “Alex Krüger predicted.
Initial Jobless Claims
On Thursday, April 3, crypto markets will watch the Initial Jobless Claims report, which shows the number of US citizens filing for unemployment insurance. Released weekly, this is a near-real-time pulse on layoffs and labor market stability.
Fewer claims, under the previous week’s 224,000 reading, could suggest resilience, supporting the dollar but tempering crypto enthusiasm. However, potentially exceeding the median forecast of 226,000 might raise red flags about economic health.
Such an outcome would drive demand for decentralized assets to hedge against potential turmoil. Given its weekly cadence, this report tends to spark quick reactions in the crypto market, especially when amplified by broader narratives like government efficiency cuts or tariff impacts in 2025.
US Employment Report
The week’s crescendo arrives Friday, April 4, with the US Employment Report, widely known as Non-Farm Payrolls. This comprehensive labor market update—including jobs added, the unemployment rate, and wage growth—is a linchpin for markets worldwide.
A strong report, higher than the previous reading of 151,000 jobs and a steady 4.1% unemployment rate, could bolster faith in the economy. This could curb crypto gains if the dollar rallies.
However, strong wage growth exceeding 0.3% month-over-month (MoM) might rekindle inflation fears, indirectly supporting Bitcoin as a store of value.
Conversely, a disappointing tally—under the median forecast of 140,000 jobs with unemployment ticking beyond 4.1%—could ignite recession worries. This would send investors flocking to Bitcoin and crypto.
Significant deviations from consensus forecasts, often by 50,000 jobs or more, have historically triggered sharp Bitcoin moves of 1-2% or greater.
“BofA [Bank of America] Securities expects a pickup in job growth for March. Keep an eye on those numbers,” crypto researcher Orlando noted.
For crypto market participants, the game plan is clear: track consensus estimates on economic calendars, watch real-time reactions, and brace for swings. Nevertheless, this week’s data could dictate Bitcoin’s next move in Q2 2025, particularly in April.
Fed Chair Jerome Powell will also address the economic outlook at the SABEW Annual Conference on Friday at 11:25 a.m. EST.

BeInCrypto data shows BTC was trading for $82,192 as of this writing, down by over 1% in the last 24 hours.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Gold Keeps Outperforming Bitcoin Amid Trump’s Trade War Chaos

Bitcoin (BTC) has long been touted as “digital gold.” However, as the global economy reels from escalating trade war tensions under Trump’s second term, institutional investors are fleeing to the real thing.
A recent Bank of America (BofA) survey found that 58% of fund managers view gold as the best-performing haven in a trade war—leaving Bitcoin with only a 3% preference.
Bitcoin’s Haven Status Faces a Reality Check
Gold is proving its dominance as the crisis asset of choice while Bitcoin struggles to hold its ground. This comes amid rising geopolitical risks, the ballooning US deficit, and uncertainty driving capital flight.
“In a recent Bank of America survey, 58% of fund managers said gold performs best in a trade war. This compares to just 9% for 30-year Treasury Bonds and 3% for Bitcoin,” The Kobeissi Letter noted.

For years, Bitcoin advocates have championed it as a hedge against economic instability. Yet, in 2025’s volatile macro environment, Bitcoin struggles to earn institutional investors’ full trust.
The Bank of America survey reflects this status, with long-term US Treasury bonds and even the US dollar losing appeal as trade wars and fiscal dysfunction shake market confidence.
The US deficit crisis—now projected to exceed $1.8 trillion—has further eroded confidence in traditional safe havens like US Treasuries.
“This is what happens when the global reserve currency no longer behaves as the global reserve currency,” a trader quipped in a post.
However, instead of looking to Bitcoin as an alternative, institutions are overwhelmingly choosing gold, doubling physical gold purchases to record levels.

Barriers To Bitcoin Institutional Adoption
Despite its fixed supply and decentralization, Bitcoin’s short-term volatility remains a key barrier to institutional adoption as a true safe-haven asset.
While some traders still view Bitcoin as a long-term store of value, it lacks the immediate liquidity and risk-averse appeal that gold provides during crises.
Further, President Trump is expected to announce sweeping new tariffs on “Liberation Day.” Experts flag the event as a potential trigger for extreme market volatility.
“April 2nd is similar to election night. It is the biggest event of the year by an order of magnitude. 10x more important than any FOMC, which is a lot. And anything can happen, “Alex Krüger predicted.
Trade tensions have historically driven capital into safe-haven assets. With this announcement looming, investors preemptively position themselves again, favoring gold over Bitcoin.
“Gold’s no longer just a hedge against inflation; it’s being treated as the hedge against everything: geopolitical risk, de-globalization, fiscal dysfunction, and now, weaponized trade. When 58% of fund managers say gold is the top performer in a trade war, that’s not just sentiment that’s allocation flow. When even long bonds and the dollar take a back seat, it’s a signal: the old playbook is being rewritten. In a world of rising tariffs, FX tension, and twin deficits, gold might be the only politically neutral store of value left,” trader Billy AU observed.
Despite Bitcoin’s struggle to capture institutional safe-haven flows in 2025, its long-term narrative remains intact.
Specifically, the global reserve currency system is changing, US debt concerns are mounting, and monetary policies continue to shift. Despite all these, Bitcoin’s value proposition as a censorship-resistant, borderless asset is still relevant.
However, in the short term, its volatility and lack of widespread institutional adoption as a crisis hedge mean gold is taking the lead.
For Bitcoin believers, the key question is not whether Bitcoin will one day challenge gold but how long institutions will adopt it as a flight-to-safety asset.
Until then, gold remains the undisputed king in times of economic turmoil. Meanwhile, Bitcoin (BTC exchange-traded funds notwithstanding) fights to prove its place in the next financial paradigm shift.
“The ETF demand was real, but some of it was purely for arbitrage…There was a genuine demand for owning BTC, just not as much as we were led to believe,” analyst Kyle Chassé said recently.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Why Bitcoin Seasoned Investors Are Accumulating — Analyst Evaluates BTC’s Current Phase


The cryptocurrency market has not had a clear direction in 2025, reflecting the uncertain condition of the digital asset industry. Bitcoin, the world’s largest cryptocurrency by market capitalization, is currently 24% away from its record-high price of $108,786 reached in January 2025.
With the premier cryptocurrency steadily drifting away from its all-time high, there have been questions about what phase of the cycle the market is currently in. Interestingly, recent on-chain data offers some insight into the current state of the Bitcoin market and the reaction of the participants.
Are Seasoned BTC Investors Anticipating A Price Surge?
In a Quicktake post on the CryptoQuant platform, analyst Axel Adler Jr. shared an analysis of the current Bitcoin cycle, offering insight into the behavior of an important group of investors. According to the online pundit, seasoned BTC players are back to accumulating the flagship cryptocurrency.
Adler Jr. revealed that the experienced BTC investors have been involved in four phases of accumulation (January 2023, October 2023, October 2024, March 2025) in the current cycle. On the flip side, the selling activity of these market participants has reached four distinct peaks, including January 2024, April 2024, July 2024, and January 2025.
The relevant on-chain indicator here is the Value Days Destroyed (VDD) metric, which tracks the spending behaviour of long-term investors. The chart below shows that the VDD metric has been steadily declining since the start of 2025.
Source: CryptoQuant
Using the chart as a basis, Adler Jr. mentioned that three major features define the current phase of the Bitcoin cycle. Firstly, the seasoned investors, who were actively distributing their BTC at local peaks, have now shifted their strategy toward holding and accumulating their coins.
Additionally, the Value Days Destroyed metric suggests an absence of significant selling pressure, which means that the experienced traders are skeptical about profit at the current Bitcoin price. Moreover, periods of low VDD values have historically preceded significant upward price movements, as investors accumulate in anticipation of a price surge.
Ultimately, this positive shift in the behavior of seasoned Bitcoin holders suggests that there might be room for further price growth for Bitcoin in the medium term.
Bitcoin Price At A Glance
As of this writing, the price of BTC sits at around $83,200, with an over 2% decline in the past 24 hours. According to data from CoinGecko, the flagship cryptocurrency is also down by about 2% on the weekly timeframe.
BTC price reclaims $83,000 level on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image created by DALL-E, chart from TradingView

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