Bitcoin’s Volatile Journey Continues with Bears in Control

As of 2025-04-03, the world’s leading cryptocurrency, Bitcoin, continues to experience significant price swings, with bears maintaining a firm grip on the market.

Bitcoin Price Swings Wildly—Yet Bears Keep the Upper Hand!

Bitcoin price started a recovery above $85,500 but trimmed gains and might decline towards the $80,000 zone. The price traded near $83,500 and the 100 hourly Simple Moving Average (SMA). A connecting bullish trend line with support at $85,000 was broken on the hourly chart. The price could increase if it stays above the $82,200 zone. Bitcoin managed to stay above the $82,500 support and formed a base, pushing above $84,500, $85,500, and even $88,000 resistance levels.

Russian Bailiffs Can Now Convert Criminals’ Bitcoin to State Revenue

Russian bailiffs have developed methods to convert Bitcoin (BTC) seized in criminal cases into cash for the Treasury. Dmitry Aristov, head of the Federal Bailiff Service (FSSP), referred to Bitcoin as a ’problematic asset’ during a meeting of the Federation Council Committee on Constitutional Legislation and State Building, the upper house of Russia’s parliament.

Bitcoin Price Drops to $82K Due to Trump Tariffs

The price of Bitcoin tanked more than 6% from an intraday high of $87,790 to $82,277 in reaction to Donald Trump’s confirmation of trade tariffs impacting many countries. Crypto markets have tanked around 4% with total capitalization falling to $2.74 trillion. Around $150 billion left spot markets, and almost 170,000 traders were liquidated, with total liquidations exceeding $500 million. However, Bitcoin recovered slightly to reach $83,400 at the time of writing.

Crypto PACs propel GOP wins in Florida – A new era for crypto legislation?

Cryptocurrency-backed political action committees (PACs) played a pivotal role in securing GOP victories in Florida’s special congressional elections. Republican candidates Jimmy Patronis and Randy Fine, who benefited from over $1.5 million in media support from crypto-backed PACs, emerged victorious. Their wins not only reinforced the GOP’s narrow House majority but also underscored the growing role of digital asset advocacy in shaping political landscapes. Bitcoin (BTC) climbed to $86,726 but later retraced amid U.S. recession concerns.

Corporate Bitcoin Buying Hits Record Levels, Yet Prices Are Down—Here’s Why

Bitcoin continues to trade above the $85,000 mark, signaling a slight upward movement. However, over the last month, Bitcoin is down over 8%, and from its January 2025 all-time high, the decline stands at more than 20%. Despite this underperformance, blockchain data provider CryptoQuant has revealed that public companies aggressively accumulated Bitcoin in the first quarter of 2025, adding 91,781 BTC to their balance sheets.