Bitcoin News: Corporate Treasuries and ETFs Embrace Bitcoin, Signaling Positive Future Prospects

Recent developments in the world of Bitcoin have been nothing short of remarkable, with corporate treasuries and ETFs showing a keen interest in the cryptocurrency. Here’s a closer look at the latest trends and their potential implications for Bitcoin’s future.

Corporate Treasuries and Bitcoin ETFs Show Positive Inflows in March

In March, corporate treasuries across Virginia, Texas, California, and Japan added Bitcoin to their books as a financial strategy, signaling a trend with potential implications for Bitcoin’s price. Additionally, Bitcoin ETFs on Wall Street experienced positive inflows, providing custodial services of on-chain BTC for regulated investors. Several publicly traded non-financial corporations are also adopting BTC as a long-term financial strategy to improve their account balance.

Pro-Bitcoin Leaders Unite? Trump Invites Bukele To The White House

United States President Donald Trump is set to host El Salvador’s President Nayib Bukele in Washington later this month. The April meeting follows the two leaders’ tightening of bonds on topics like immigration and security. Bukele’s office confirmed the visit, aiming to strengthen diplomatic relations. This is another important diplomatic encounter for Trump, who has met with leaders of various countries in his first two months. Notably, El Salvador has played a role in US deportation efforts, agreeing to take in hundreds of suspected Venezuelan gang members deported from the United States.

Bitcoin Price Slips Under $84,000 — Key Support Levels To Watch

The Bitcoin price rallied to above $88,000 early last week but experienced a steep correction on Friday, March 28, following the latest February core inflation data. With the price now hovering beneath $84,000, panic is growing as investors fear further correction. The latest on-chain data show critical support levels for Bitcoin, and blockchain analytics firm Glassnode has evaluated recent investor behavior and its potential impact on price action over the next few days.

Bitcoin Continues to Fall; Potential Rally in the Future?

An analysis of Bitcoin charts on the Chicago Mercantile Exchange (CME) suggested it might continue to fall, with the crypto dropping back to $83,000. Although a drop into a CME gap often acts as a demand zone, causing prices to rebound, recent analysis indicates that further declines may be likely due to strong bearish sentiment. However, fresh capital and technical indicators could still provide a basis for recovery, suggesting that a rally may be only a matter of time.

Bitcoin Correction Likely Towards $82,800 Due to Leverage Buildup

Bitcoin’s ($BTC) price trajectory has shifted due to recent market conditions. Rising leverage levels are pushing Bitcoin ($BTC) toward a likely price correction to the $82,800 level, according to crypto analyst Axel Adler Jr. US core personal consumption expenditure inflation surpassed market expectations, with the PCE index climbing to 2.8% against the projected 2.7%. This triggered a downturn in U.S. equity markets on Friday, reflecting heightened inflation concerns.