DeFI News by Thebittimes.Com

Tom Lee, Fundstrat Global Advisors co-founder, has put forth a bullish prediction regarding Bitcoin’s (BTC) near-term price action on CNBC’s Squawk Box on April 21. Namely, the financial analyst believes that the leading digital asset struggled at the beginning of the year due to the overleveraged positions of institutional investors.  “Now that deleveraging is done, I think that Bitcoin is gonna catch up to gold. And Bitcoin’s old high was over $110,000, so I think there’s a lot of room to catch up as a sort of non-dollar asset.” At the time of writing on April 21, Bitcoin was trading at $88,210, having marked a 4.43% gain on the daily chart, which has brought year-to-date (YTD) losses down to 5.67%. BTC price 1-day and year-to-date (YTD) charts. Source: Finbold Here’s how much Bitcoin would have to rally to catch up to gold In contrast with the leading cryptocurrency, gold prices have increased by 30.31% since the start of the year, having reached ...

Bitcoin (BTC) remains in a consolidation phase, and breaching the $85,000 resistance has emerged as a key target for investors.  Amid this market sentiment, two artificial intelligence (AI) models are projecting that the maiden digital currency is likely to edge higher on May 1 and possibly trade slightly above the $90,000 mark. Overall, insights from OpenAI’s ChatGPT and xAI’s Grok present a cautiously optimistic outlook for Bitcoin. AI predicts Bitcoin price  ChatGPT predicted that Bitcoin will trade between $91,000 and $96,000 by the beginning of May. The model cited continued momentum from Bitcoin’s April 2024 halving, which has historically triggered multi-month rallies. It also highlighted sustained institutional interest, particularly through spot Bitcoin ETFs, which continue to absorb supply during market dips. ChatGPT Bitcoin price prediction for May 1,2025. Source: ChatGPT According to ChatGPT, the technical setup remains bullish followin...

XRP is undervalued – this statement has been gaining quite a bit of attention recently, especially with Wall Street insider Jake Claver suggesting that there might be extraordinary growth potential for the cryptocurrency in the near future. This bold statement comes at a time when we’re seeing growing institutional adoption and, also, regulatory clarity for Ripple’s digital asset. Also Read: Gold Prices Will Reach $4,000 Next: Bloomberg Strategist Why XRP’s Price Target, Forecast, And Insider Views Matter Now Source: IQ wiki Wall Street Insider’s $15K XRP Prediction Jake Claver, who works as a family office professional, recently shared his thoughts on why XRP is undervalued, and his prediction has many crypto investors taking notice right now. Claver stated: “Major institutions are stacking up XRP behind the scenes while keeping the public in the dark.” The finance professional believes that XRP is positioned to become the foundation of interna...

One of Arizona’s crypto reserve bills is one successful vote away from heading to the governor’s desk for final approval after it passed by the House. The state’s Strategic Digital Assets Reserve Bill (SB1373) was approved by the House Committee of the Whole on April 17. There will now be a third reading of the bill before a final floor vote. Arizona Governor Might Set The Senate-Approved Crypto Reserve Bill Back SB1373 seeks to create a fund made up of digital assets that were seized through criminal proceedings.  ARIZONA Update: Bitcoin Reserve Bill SB 1373 has been passed by the House Committee of the Whole (with a minor amendment). The next step is Third Reading and final floor vote. pic.twitter.com/oOahjbZATR — Bitcoin Laws (@Bitcoin_Laws) April 17, 2025 Arizona’s treasurer would then be permitted to invest up to 10% of the fund’s total assets in any fiscal year. The state’s treasurer would also be able to loan the fund...

In a recent interview, Binance CEO Richard Teng confirmed that multiple governments and sovereign wealth funds have approached the cryptocurrency exchange about creating their own crypto reserves. Teng discussed the platform’s role in helping a host of nations establish cryptocurrency regulations. Moreover, he noted that those conversations have included the possible development of various national strategic Bitcoin reserves. JUST IN: Binance says multiple governments and sovereign wealth funds have approached the company about creating crypto reserves. — Watcher.Guru (@WatcherGuru) April 17, 2025 Also Read: BlackRock CEO Says US Dollar is at Risk of Losing Reserve Status to Bitcoin Binance Says Governments & Sovereign Wealth Funds are Exploring the Creation of Their Own Crypto Reserves Throughout the first three months of the year, the digital asset sector has been a dominant story. Indeed, the United States has sought to overhaul its digital asset policy. The returning Trump adm...

In what would be a major development for the country and the industry, Russia has seen its Finance Ministry call for it to create its very own crypto stablecoin. Indeed, the nation has discussed the idea after digital wallets linked to the country were blocked from holding Tether’s USDT stablecoin last month. Over the last several weeks, geopolitical tensions have increased amid the United States’ Liberation Day tariff plan. The move has sparked a brewing trade war, as the US dollar has continued to weaken in the process. Now, Russia is among a host of nations looking to create their own alternative currencies to the greenback. JUST IN: Russian Finance Ministry calls to create its own crypto stablecoin. — Watcher.Guru (@WatcherGuru) April 16, 2025 Also Read: China and Russia Begin Settling Trade Transactions Using Bitcoin Russia Eyes Creation of Its Own Stablecoin In Major Crypto Shift Over the last several years, the BRICS economic alliance has sought to lessen internation...