Charles Schwab to Launch Spot Bitcoin Trading by April 2026 Amid Regulatory Shifts
In a significant move for the cryptocurrency market, Charles Schwab Corp. CEO Rick Wurster has announced plans to introduce spot Bitcoin trading for Schwab clients by April 2026. This decision comes as the regulatory environment for digital assets becomes more favorable, particularly following recent developments under President Trump’s administration. The announcement has already sparked a 400% surge in traffic on Schwab’s crypto-related website, signaling strong investor interest. This article delves into the implications of Schwab’s entry into the Bitcoin market and the broader regulatory landscape shaping the future of cryptocurrency trading.
Charles Schwab Planning Spot Bitcoin Trading by April 2026
Rick Wurster, CEO of Charles Schwab Corp., plans to introduce spot Bitcoin trading for Schwab clients by April 2026. This decision was influenced by the regulatory environment, and Schwab was waiting for a more positive regulatory catalyst. The crypto industry has seen positive regulatory developments since Trump’s appointment as president. The plans have already led to a 400% increase in traffic on Schwab’s crypto website. Consider investing in BTC and other top cryptos to capitalize on this market positivity.
Bitcoin Bull Market Status Depends on Key Support Level
Popular crypto analyst Tony Severino has shared insights on the current Bitcoin (BTC) market structure. According to the chartered market technician, the Bitcoin bull market remains intact unless the price falls below a specific level. Notably, Bitcoin experienced a significant correction after reaching a peak of $109,000 in January. Over the past three months, it traded as low as $74,000, a devaluation of over 32.5%. In April, there was a notable price bounce, but market uncertainty persists. Severino identified the $49,000 price region as the critical zone for the Bitcoin market, where a break could alter its current bull market status.
60 New Bitcoin Whales Loading Up
Whales have started buying more Bitcoin, spending tens of millions on acquisitions over the past few months. Market sentiment shows these whales might be holding the asset for the long term. Bitcoin [BTC] has maintained a steady threshold in the market, moving within a tight range and recording no significant gain—only up to 1% in the past month. New market insight suggests that sentiment could soon shift, with Bitcoin potentially rising in value as whales continue to accumulate the asset. Since early March, analysis shows new whales have entered the market and started acquiring Bitcoin. So far, 60 of these investors have each purchased no less than 1,000 Bitcoin.
Bitcoin Shows Relative Strength Amid Uncertainty
Bitcoin is struggling to reclaim higher ground, trading in a tight range below the $90,000 mark due to macro-driven uncertainty and global tensions, particularly between the US and China. Investors are rotating away from high-risk assets. However, crypto analyst Daan noted that Bitcoin is showing relative strength when compared to equities, particularly in the BTC/SPX chart.
Dutch Crypto Manager Predicts Bitcoin to $150K By October
A Dutch crypto manager has predicted that Bitcoin could reach $150,000 by October. Despite US tech stocks in the Nasdaq Composite trading down -6.96% for the month ending Apr. 18, Bitcoin’s price notched a gain just under 1% for the same period. Bitcoin experienced a remarkable 4-day bounce back to $85,000 in mid-April from a bear test as low as $75,000. The cryptocurrency formed a bullish cup and handle chart pattern on the 1-month view, with the cup forming over 8 days from Apr. 4 through Apr. 12, and a long 6-day handle through Apr. 18.
Bitcoin’s Largest Holders Are Stacking Again — What It Means For The Market
The Bitcoin market has shown high volatility in April. Amidst the choppy price action, Bitcoin whales appear to be increasing their holdings, perhaps in anticipation of future price gains. According to blockchain analytics firm Santiment, key Bitcoin holders have accumulated 53,600 BTC from March 22, and now control 67.77% of Bitcoin in circulation. Despite the BTC market still displaying significant levels of uncertainty, there is a strong confidence level among investors holding between 10 and 10,000 BTC.
