Bitcoin 'breaking out' as it retakes $87K after early April slump

Bitcoin prices appear to be breaking out of an extended period of consolidation as the asset climbs to its highest level since late March. 

Bitcoin (BTC) surged above $87,400 on April 21, its highest price since March 28, according to TradingView. It has climbed by more than $3,000 from an intraday low of just over $84,000 on April 20. 

The asset has now gained 16% since its 2025 low of just below $75,000 on April 9, and the distance from its peak price has been reduced to 20%. 

While a 2.4% daily gain is not out of the ordinary for Bitcoin, it has moved the asset to the upper bounds of a range-bound channel that began in early March. 

“Bitcoin is breaking out,” while Nasdaq futures are down 1%, observed Scott Melker, aka “The Wolf Of All Streets.” 

BTC/USD 4-hour

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Over 13K institutions exposed to Strategy as Saylor hints at BTC buy

Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase by Strategy and said that more than 13,000 institutions now have direct exposure to the company.

The company’s most recent acquisition of 3,459 BTC, valued at over $285 million at the time of purchase, on April 14, brought Strategy’s total holdings to 531,644 BTC, valued at over $44.9 billion.

Saylor followed up on the BTC chart, which he typically posts on Sundays to signal an imminent BTC acquisition, with a breakdown of investor exposure to the company. The executive wrote in an April 20 X post:

“Based on public data as of Q1 2025, over 13,000 institutions and 814,000 retail accounts hold MSTR directly. An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios.”

Strategy’s growing popularity among retail and institutional investors

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Bitcoin prepares for launch from $85K, BNB, HYPE, TAO and RNDR could follow

Bitcoin (BTC) has risen roughly 1% for the week, indicating a balance between supply and demand. Analysts expect a quiet easter weekend but are divided about the next directional move in Bitcoin.

Network economist Timothy Peterson said that the US High Yield Index Effective Yield has gained over 8%. There have been 38 such instances since 2010, and Bitcoin has risen 71% of the time three months later. Bitcoin recorded a median gain of 31% and the worst loss of -16%. Based on historical data, Peterson anticipates Bitcoin to trade between $75,000 and $138,000 within 90 days.

Crypto market data daily view. Source: Coin360

Not everyone shares a bullish view. Bloomberg’s Senior Commodity Strategist Mike McGlone said in a post on X that Bitcoin and the S&P 500 Index may <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/is-bitcoin-price-going-to-crash-again"

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Bitget detects irregularity in VOXEL-USDT futures, rolls back accounts

Cryptocurrency exchange Bitget discovered “abnormal trading activity” on the VOXEL/USDT perpetual futures contract on April 20, between 8:00 to 8:30 UST, and paused accounts that the exchange suspected of market manipulation.

According to an April 20 announcement from the exchange, Bitget will roll back the accounts suspected of market manipulation within 24 hours, clawing back gains made from the trades.

Bitget CEO Gracy Chen told Cointelegraph the trades were between individual market participants and not the platform itself. Chen also said that the losses are not platform-wide and that user funds remain safe.

VOXEL-USDT perpetual futures contract spikes by over 138% in a single day. Source: TradingView

The crypto exchange also plans to compensate users who suffered losses due to the alleged market manipulation and will announce a compensation plan soon, Chen confirmed to Cointelegraph. The Bitget CEO added:

“For any residual losses, Bitget

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Vitalik Buterin proposes swapping EVM language for RISC-V

Ethereum co-founder Vitalik Buterin has proposed replacing the current Ethereum Virtual Machine (EVM) contract language with the RISC-V instruction set architecture to improve the speed and efficiency of the Ethereum network’s execution layer.

Buterin’s April 20 proposal outlined several long-term bottlenecks for scaling the Ethereum network including, stable data availability sampling, ensuring block production remains competitive, and zero-knowledge EVM proving.

The Ethereum co-founder argued that implementing the RISC-V architecture in smart contracts would keep block production markets competitive and improve the efficiency of zero knowledge functions for the execution layer. Buterin wrote:

“The beam chain effort holds great promise for greatly simplifying the consensus layer of Ethereum, but for the execution layer to see similar gains, this kind of radical change may be the only viable path.”

The proposal highlights the Ethereum network’s struggle to improve throughput and remain competitive with next-generation monolithic blockchains

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Farmers are switching to stablecoins

Opinion by: Henry Duckworth, founder and CEO of AgriDex

We all need and buy it. Food is a common, universal ground across the planet. It should come as no surprise then that the agricultural industry is enormous. In 2023, the European Union alone imported 154 million tonnes of agricultural products and exported 134 million tonnes more. The market is growing too, projected to expand by 3.45% annually from this year to reach $5.52 trillion by 2029. 

Yet, farmers and agricultural traders are confronted with a serious problem. They need to export food abroad and interact with foreign currencies. The financial system — particularly in Africa — is, however, underdeveloped. Inefficiencies in their trade result in high transaction costs, delayed cross-border payments, and high interest rates for loans. Large corporations can better navigate financial hurdles, but this isn’t always the case for small

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Bitcoin up 33% since 2024 halving as institutions disrupt cycle

Bitcoin holders are celebrating one year since the 2024 Bitcoin halving by praising BTC’s resilience amid a global trade war and suggesting an accelerated market cycle due to a growing institutional presence.

The 2024 Bitcoin halving reduced block rewards from 6.25 Bitcoin (BTC) to 3.125 BTC, slashing new BTC issuance in half.

Despite rising concerns over a global trade war and escalating tariff tensions between the United States and China, BTC has climbed more than 33% since April 2024, Cointelegraph Markets Pro data shows.

BTC/USD, 1-year chart. Source: Cointelegraph Markets Pro

“So, even though Bitcoin’s showing resilience, I think the mix of past experiences, economic uncertainty, and this selling pressure is keeping investors on the sidelines, waiting for a stronger green light before they jump in,” said Enmanuel Cardozo,

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Bitcoin gets $90K short-term target amid warning support 'isn't safe'

Bitcoin (BTC) tapped 3-day lows into the April 20 weekly close as analysis warned of a fresh liquidity grab next.BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Analysis sees Bitcoin crossing $83,000

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping 1.5% to $83,974 on the day before rebounding.

Still broadly less volatile over the weekend, Bitcoin sought to stem the week’s downside as doubts appeared over the strength of nearby support.

Investigating the current liquidity setup across exchange order books, popular analyst Mark Cullen was particularly skeptical of $83,000.

“Bitcoin 90k liquidity still calling. BUT, i think the 83k level isn’t safe, those lows from last Sunday and Wednesday are likely to get run first,” he summarized on X. 

“THEN we wait for the reaction and bullish structure to build back inside the range low.”Bitcoin order book

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Dogecoin holders celebrate ‘Dogeday’ 4/20 as ETF decision draws near

Dogecoin holders worldwide celebrate “Dogeday” on April 20, as the memecoin’s community awaits upcoming deadlines for Dogecoin-related exchange-traded fund (ETF) applications.

Dogeday marks the unofficial holiday of the Dogecoin (DOGE) community. It gained traction in the memecoin community four years ago, in 2021, during International Weed Day on April 20.

Source: Bitget

Despite its reputation as a joke token, Dogecoin remains the eighth-largest cryptocurrency by market capitalization, currently valued at $23.3 billion, according to CoinMarketCap.

Dogecoin’s tokenomics have often been criticized for issuing 14.4 million worth of new DOGE into circulation per day, giving it a daily inflation rate of over $2.16 million.

Related: Altseason 2025: ‘Most altcoins won’t make it,’ CryptoQuant CEO says

Top 10 cryptocurrencies by market capitalization. Source: CoinMarketCap

Dogecoin’s staying power “stems from

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Now is not the time for a restaking revival

Opinion by: Alon Muroch, founder of SSV Labs

Even though Ethereum remains a leader in terms of total value locked (TVL), things aren’t looking great. Network activity is hemorrhaging, and momentum is slipping. Ethereum has become locked in a fight for its future. Without meaningful change, Ethereum risks becoming inaccessible to the builders and users it needs to thrive. Ethereum needs fresh ideas to bolster the ecosystem out of its slump, unify it, and genuinely support innovation.

Enter based applications (bApps), which are any application or service that uses the Ethereum validator set for security. Inspired by the based movement, bApps enable any project to bootstrap directly from the Ethereum layer 1 (L1), enabling interoperable, scalable and cost-effective development.

High stakes and high costs

The recent decline in network activity highlights a deep issue across Ethereum, and it boils down to UX. The race to scale a blockchain isn’t

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