Bitcoin (BTC) continues the early-week rally, trading at around $74,670 as of April 15. On X, the platform has launched Cashtags in the U.S. and Canada, providing real-time financial data such as for cryptocurrencies, and piloting integrated trading with brokers. The next Bitcoin halving is already 50% complete. There are 105,000 blocks remaining, and the block reward will drop from 3.125 BTC to 1.5625 BTC.
Macroeconomic Events & Crypto Market Hot Spots
- X platform product lead Nikita Bier announced that X has launched Cashtags on iPhone in the U.S. and Canada, providing users with real-time financial data. When users search for or post content that includes a Cashtag or a contract address, X will automatically recommend matching stocks or crypto tokens. By clicking the Cashtag, users can view related posts and price charts without leaving the app.
X also announced a pilot integration with Canadian broker Wealthsimple. Canadian users will see a trading button on Cashtag, enabling them to complete trades within X. Bier said Cashtags are just the first step, and web, Android, and global rollouts are coming soon.
- The countdown to the next Bitcoin halving is already halfway through. With the block reward halving again, there are about 105,000 blocks remaining. Bitcoin’s network is currently in the middle stage of the ongoing halving cycle that began in April 2024. When the network reaches block 1,050,000 (expected in April 2028), the reward per block will fall from 3.125 BTC to 1.5625 BTC.
Each halving reduces the rate at which new Bitcoins enter circulation. Currently, miners produce about 450 Bitcoins per day. After the halving in 2028, the daily issuance will drop to around 225 Bitcoins. Bitcoin’s halving mechanism is hard-coded into its protocol: it occurs every 210k blocks, or roughly once every four years. This predictable supply cycle is a core part of Bitcoin’s value proposition as a scarce digital asset.
News Updates
1、ARIA token allegedly targeted by manipulators, dumped, price plunges 91%, nearly 90% of market cap evaporates
2、Virginia signs a new law to include digital assets in unclaimed property and custody them in physical form
3、21Shares updates Hyperliquid ETF application documents, planning to use ticker THYP
4、Apple’s official Weibo account posts a reminder to update iOS to stay safe from web attacks
5、Polygon launches liquidity staking token sPOL to unlock native DeFi
6、Visa deepens its blockchain布局, launching validating nodes on the Tempo network
7、「Hyperliquid’s biggest bull-heads」Ping-pong’s value $339 million position, takes profit of $50.42 million
8、Analysis: Bitcoin perpetual contract funding rates have been negative for 46 consecutive days, a rare signal suggesting a market bottom
9、Japan e-commerce giant Rakuten allows users to use XRP as a payment method
10、Ether.fi commits to provide $3.0 billion worth of ETH to E THGas within three years as validator liquidity
Market Trend
1、Latest Bitcoin update: $BTC continues the early-week rally, trading at around $74,670. In the past 24 hours, liquidations totaled $134 million, with the main liquidation being long positions;
2、U.S. stocks closed higher on April 14. The Nasdaq index rose 2%, the S&P 500 index gained 1% and moved closer to record highs. Optimism that the U.S. and Iran may hold further talks pushed oil prices lower. The U.S. Producer Price Index (PPI) increase came in below expectations, easing concerns about the impact of inflation. In addition, the latest quarterly earnings reports from three major U.S. banks were strong. The Dow Jones Industrial Average closed up 317.74 points, a gain of 0.66%, at 48,535.99, the highest closing level since early March; the S&P 500 rose 81.14 points, up 1.18%, to 6,967.38. The Nasdaq Composite surged 455.35 points, up 1.96%, to 23,639.08, marking the tenth consecutive trading day of gains and the longest winning streak since 2021.
（Source: Gate）
3、In the Gate BTC/USDT liquidation map, based on the current 74,615.40 USDT: if it drops to around $73,616, the total liquidation amount for long positions would exceed $300 million; if it rises to around $76,022, the total liquidation amount for short positions would exceed $370 million. The liquidation amount for shorts is significantly higher than for longs. It is recommended to manage leverage levels reasonably to avoid triggering large-scale liquidations amid changes in market conditions.
（Source: Coinglass）
4、In the past 24 hours, BTC spot inflows were $3.32 billion, outflows were $3.43 billion, and net outflows were $120 million.
（Source: Coinglass）
5、In the past 24 hours, net outflows led for $EUR, $U, $TRX, $SOL, and Binance Life contracts, indicating potential trading opportunities.
Selected Views from X KOLs
Phyrex Ni（@Phyrex_Ni）：「Overall, the Monday market is still pretty good. Although the U.S. temporarily tightened market sentiment when it took blocking actions regarding sea lanes related to Iran, the resistance sentiment from Iran hasn’t been as strong as the market initially imagined. Instead, Iran has continued to send signals that it is willing to keep negotiating. At the same time, the number of ships passing through the Strait of Hormuz has also started to rebound. Even though it’s still far from the peak period, it at least indicates that the worst liquidity shock phase is already passing.」
「For the market, as long as people can see signs of hope, capital will respond positively first. The Monday rebound, in essence, is trading these expectations. The second round of negotiations between the U.S. and Iran is very likely to start within this week. Even if the second round doesn’t necessarily conclude things all at once, judging from the current situation, the temporary ceasefire will probably be extended for now.」
「Because whether it’s the U.S. or Iran, neither currently has sufficient real-world conditions to withstand the situation escalating into a full-blown situation again. For Iran, continuing to drag things out will only increase internal pressure. For the U.S., in the short term it’s also not suitable to further expand the geopolitical conflict—especially in the context of the political cycle gradually heating up. Any out-of-control developments in the Middle East ultimately will boomerang onto oil prices, inflation expectations, and voter sentiment.」
「Coming back to the Bitcoin data, the turnover rate has risen sharply, and trading volume has also surged. It looks like investor sentiment is quite positive, and it corresponds with gains in U.S. stocks. With the S&P and Nasdaq not far from historical highs, some of the capital may flow into $BTC . But for now, the focus still remains on a complete ceasefire and monetary policy. Especially before the monetary policy has fully shifted, it’s hard to say this is a full market reversal rather than just a rebound.」
Today’s Preview
1、France March Consumer Price Index (MoM) final value, prior value was 0.9%
2、U.S. April NAHB Home Price Index, prior value was 38
3、U.S. EIA crude oil inventory change for the previous week (ten thousand barrels) (as of 0410), prior value was 308.1
