Market
Bitcoin’s Price Surges to $65,000: Analysts Explain the Rally

Bitcoin’s (BTC) price nearly reached the $65,000 mark during early Tuesday trading hours. This notable surge reflects a significant shift in market sentiment.
For instance, last week, the fear and greed index was at a fearful 27; now, it’s surged to a greedy 65.
Why Bitcoin’s Price Recovered?
The recent uptick coincides with strategic market activities. For instance, today, the Japanese firm Metaplanet announced the purchase of 21.877 BTC, worth approximately $1.2 million.
This acquisition boosts Metaplanet’s total Bitcoin holdings to 225.611 BTC, valued at around $14.17 million. Furthermore, Metaplanet recently issued a $6.2 million bond to expand its Bitcoin reserves. The bond, with a 0.5% annual interest rate, matures on June 25, 2025.
Read more: Who Owns the Most Bitcoin in 2024?
Analysts at 10X Market have pinpointed several reasons for Bitcoin’s price movements. They note that Bitcoin’s value can shift quickly based on new information.
From last Friday, Bitcoin rose by 10%, moving from an oversold rally to a clear breakout from a downward trend. The sentiment shifted from bearish to bullish once the price surpassed the key level of $61,133.
Key factors contributing to Bitcoin’s strong performance include significant market inflows. After four weeks of net outflows totaling $8 billion, the market welcomed $3.3 billion in inflows last week, mainly from futures, stablecoins, and Bitcoin Spot ETFs. Notably, Tether minted $1 billion in USDT, indicating a positive trend.
Moreover, Bitcoin Spot ETFs like BlackRock’s iShares Bitcoin Trust and Ark 21 Shares Bitcoin ETF experienced substantial inflows, with each receiving over $117 million on Monday. This suggests a strong retail interest which appears more sustained than before.

External endorsements and speculative activities have also energized the market. BlackRock CEO Larry Fink recently expressed a bullish outlook on Bitcoin, significantly boosting investor confidence. Additionally, the potential launch of an Ethereum ETF, possibly by July 23 if approved, adds to the positive sentiment.
Rumors of a softer regulatory approach towards cryptocurrencies in China and a delay in South Korea’s crypto tax, now pushed to 2028, are further stirring the market. Both developments could further energize trading activities.
Political developments, notably the increased likelihood of Donald Trump winning the election following an assassination attempt, have also influenced market sentiments.
Avinash Shekhar, Co-Founder of crypto derivatives trading platform Pi42, echoes 10X Market’s analysis.
“Bitcoin’s price surged past $63,000 for the first time in over two weeks, driven by recent market developments. The total crypto market cap reclaimed $2.4 trillion as altcoins followed BTC’s upward trend. The weekend saw further gains, possibly influenced by the failed assassination attempt on pro-crypto US Presidential candidate Donald Trump,” Shekhar told BeInCrypto.
Read more: Bitcoin (BTC) Price Prediction 2024/2025/2030
Amidst these developments, some believe that Bitcoin’s price has bottomed. However, after hitting $65,000 earlier today, Bitcoin is changing hands around $63,000 as of this writing.
“Bitcoin ends its correction It was the deepest correction in the cycle at -25.6% and the third-longest at 42 days,” Rekt Capital said.
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.
Market
Solana (SOL) Price Risks Dip Below $110 as Bears Gain Control

Solana (SOL) has dropped over 6% in the past seven days and has been trading below $150 since March 6. The current trend shows clear bearish signals across multiple indicators.
From a death cross to a rising ADX and a red Ichimoku Cloud, technicals suggest growing downside pressure. With SOL nearing key support, the next few days could be critical for its price direction.
SOL Ichimoku Cloud Paints A Bearish Picture
The Ichimoku Cloud chart for Solana shows a clear bearish structure, with price action trading below both the Kijun-sen (red line) and Tenkan-sen (blue line).
The Lagging Span (green line) is also positioned below the price candles and the cloud, reinforcing the negative outlook. The Kumo ahead is red and descending, suggesting that resistance remains strong in the near term.

Solana has struggled to break above short-term resistance levels and remains stuck in a downward channel. The thin nature of the current cloud suggests weak support, making the price vulnerable to further downside if bearish momentum continues.
For a reversal, Solana would need to break above the Kijun-sen and push decisively toward the cloud, but for now, the trend remains tilted to the downside.
Solana DMI Shows Sellers Are In Control
Solana’s DMI chart shows a sharp rise in the ADX, now at 40.87—up from 19.74 just three days ago.
The ADX (Average Directional Index) measures the strength of a trend, with values above 25 indicating a strong trend and values above 40 signaling a very strong one.
This surge confirms that the current downtrend in SOL is gaining momentum.

At the same time, the +DI has dropped from 17.32 to 8.82, while the -DI has climbed to 31.09, where it has held steady for the past two days.
This setup suggests that the sellers are firmly in control, and the downtrend is strong and also strengthening.
As long as the -DI remains dominant and ADX stays elevated, SOL is likely to remain under pressure in the short term.
Can Solana Drop Below $110 Soon?
Solana recently formed a death cross, a bearish signal where short-term moving averages cross below long-term ones.
It’s now approaching key support at $120—if that level breaks, Solana price could drop to $112, and possibly below $110 for the first time since February 2024.

If bulls step in and buying pressure returns, SOL could rebound toward resistance at $136.
A breakout above that level may lead to a push toward $147, which acted as strong resistance just five days ago.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Top 3 Made in USA Coins to Watch This Week

Made in USA coins are showing mixed signals as April begins, with XRP, SUI, and Pi Network (PI) standing out. XRP leads in market cap but also posted the biggest drop among the top 10, down 10.6% this week.
SUI is the only major gainer, up 3.8%, showing some strength despite broader weakness. Meanwhile, PI has been the worst performer, plunging over 23% and staying below $1 all week.
XRP
XRP is the largest Made in USA crypto by market cap, but it’s also down 10.6% over the last 7 days—the biggest drop among the top 10. This sharp correction could present an opportunity, especially with Trump’s “Liberation Day” event coming up on April 2.
If XRP builds an uptrend, it could push to test resistance at $2.22. A breakout there may lead to moves toward $2.47 and even $2.59 if momentum grows.

If the downtrend continues, XRP could revisit support at $2.06. A breakdown below that level might drag it further down to $1.90.
With volatility rising and a possible narrative shift on the horizon, XRP could be a key coin to watch this week.
SUI
SUI is the only among major Made in USA cryptos showing gains over the past week, up 3.8%, even though it’s still down 13% over the last 30 days. This resilience sets it apart from the rest of the pack.
In the last 24 hours, trading volume has dropped 15% to $767 million. The coin’s current market cap is $7.43 billion.

SUI’s EMA lines recently formed a death cross, hinting at a possible downtrend. If confirmed, the price could drop to $2.23, with further downside to $2.11 and $1.96.
If SUI manages to reverse the trend, it could climb toward $2.50. A breakout there would open the door to $2.83, nearly 20% higher from current levels.
Pi Network (PI)
Pi Network (PI) is the biggest loser among Made in USA cryptos this week, with its price down over 23% in the last seven days.
It has been trading below $1 throughout the entire week.

If sentiment shifts, PI could rebound toward resistance at $1.05. A breakout there might lead to a push-up to $1.23.
But if bearish pressure continues, PI could fall to test support at $0.718. A drop below that would send it to $0.62—its lowest level since February 21.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
3 Token Unlocks for April: Parcl, deBridge, Scroll

Three major token unlocks involving PRCL, DBR, and SCR are set to take place in April. Parcl will unlock 161.7 million PRCL on April 16, followed by deBridge unlocking 1.11 billion DBR on April 17 and Scroll releasing 40 million SCR on April 22.
These events could significantly impact each token’s supply dynamics and short-term price action. With large allocations set aside for contributors, partners, and airdrops, these unlocks are worth watching closely.
Parcl (PRCL)
Unlock Date: April 16
Number of Tokens to be Unlocked: 161.7 million PRCL (16.2% of Total Supply)
Current Circulating Supply: 270.8 million PRCL
Total supply: 1 Billion PRCL
Parcl is a decentralized exchange that lets users trade real estate price movements without owning property. The ecosystem—made up of Parcl, Parcl Labs, and Parcl Limited—governs the Parcl Protocol, which offers synthetic exposure to real-world real estate markets. It allows users to go long or short on property prices across different regions.
On April 16, 161.7 million PRCL tokens, worth roughly $15.56 million, will be unlocked. This could increase the token supply and lead to short-term market volatility.
The unlock includes 92.4 million tokens for early supporters and advisors, and 69.3 million for core contributors. PRCL price is down 33% in the last 30 days and trading below $0.1 since yesterday.

deBridge (DBR)
Unlock Date: April 17
Number of Tokens to be Unlocked: 1.11 billion DBR (11.1% of Total Supply)
Current Circulating Supply: 1.16 billion
Total supply: 10 Billion DBR
deBridge is a cross-chain protocol that allows users to transfer assets and data between different blockchains. It aims to simplify interoperability and make decentralized applications more connected and efficient.
On April 17, 1.11 billion BDR tokens, worth around $32.19 million, will be unlocked. This unlock will nearly double the current circulating supply, adding roughly 95% more tokens to the market.
The allocation includes 400 million for core contributors, 340 million for strategic partners, and 176.93 million for the ecosystem. The rest goes to the community, foundation, and validators. Despite the upcoming unlock, deBridge has gained nearly 38% in the past month, with its market cap now nearing $34 million.

Unlock Date: April 22
Number of Tokens to be Unlocked: 40 million SCR (4% of Total Supply)
Current Circulating Supply: 190 million
Total supply: 1 Billion SCR
Scroll is a Layer 2 solution built to improve Ethereum’s scalability and efficiency. It uses zkRollup technology to lower transaction costs and increase throughput, helping ease issues like high gas fees and congestion.
On April 22, 40 million SCR tokens, valued at about $11.52 million, will be unlocked. This unlock could introduce added liquidity to the market and maybe renewed interest in Scroll. Its price is down roughly 46% in the last 30 days, with its market cap at $55 million, down from its peak of $265 in October 2024.
All 40 million tokens are allocated for airdrops.

Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
-
Altcoin23 hours ago
Ethereum Price Falls Below $1900 As Expert Blames Decline On Network Stagnation
-
Altcoin21 hours ago
Gemini Crypto Exchange Announces Rewards For XRP Users, Here’s How To Get In
-
Ethereum14 hours ago
Ethereum MVRV Ratio Nears 160-Day MA Crossover – Accumulation Trend Ahead?
-
Ethereum13 hours ago
Ethereum May Have Hit Cycle Bottom, But Pricing Bands Signal Strong Resistance At $2,300
-
Market12 hours ago
Bitcoin (BTC) Whales Accumulate as Market Faces Uncertainty
-
Ethereum12 hours ago
Ethereum Analyst Eyes $1,200-$1,300 Level As Potential Acquisition Zone – Details
-
Bitcoin12 hours ago
Gold Keeps Outperforming Bitcoin Amid Trump’s Trade War Chaos
-
Regulation19 hours ago
Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections