Bitcoin Maintains Stability Near $95K Amid Market Uncertainty
Bitcoin continues to demonstrate remarkable price resilience, holding steady near the $95,000 mark despite the outcome of Canada’s recent election, which saw the defeat of a pro-crypto candidate. market participants are now shifting their focus to upcoming macroeconomic indicators, particularly the non-farm payrolls report due on Friday, which could provide the next catalyst for Bitcoin’s price movement. The technical analysis reveals a symmetrical triangle formation, suggesting a potential breakout in the near term. This article delves into the factors influencing Bitcoin’s current stability and what traders can expect next.
Bitcoin Holds Steady Near $95K Despite Canadian Election Outcome
Bitcoin’s price resilience continues as it consolidates NEAR the $95,000 level, showing little reaction to the defeat of a pro-crypto candidate in Canada’s recent election. Market participants now turn their attention to upcoming macroeconomic indicators, particularly Friday’s non-farm payrolls report, which could determine the next directional move.
The technical picture reveals a textbook symmetrical triangle formation—a pattern that often precedes continuation of the prior uptrend. A decisive break above $95,500 resistance would confirm bullish momentum, while failure to hold support could signal a reversal. The network’s underlying strength persists, with hashrate maintaining...
Solv Protocol Launches Shariah-Compliant Bitcoin Yield Product in Middle East
Solv Protocol, a Bitcoin staking platform with over $2 billion in locked BTC, has introduced SolvBTC.core—the first Shariah-compliant yield product for Bitcoin in the Middle East. Developed with CORE Ecosystem and vetted by Amanie Advisors, the offering combines liquid staking with DeFi activities while adhering to Islamic finance principles.
The product enables BTC holders to earn yield through CORE blockchain validation and on-chain DeFi strategies, unlocking new utility for dormant Bitcoin. This marks a strategic expansion of cryptocurrency-based financial instruments into regulated ethical finance frameworks.
Bitcoin Mining Shifts to Renewable Energy, Adapting to Market Trends
Cambridge University’s latest study reveals a seismic shift in Bitcoin mining’s energy landscape. The sustainable energy share powering BTC networks surged from 37.6% in 2022 to 52.4%, marking a watershed moment for the industry’s environmental footprint.
Coal’s dominance collapsed from 36.6% to just 8.9% of mining energy sources during the same period. This rapid transition reflects both cost optimization and mounting pressure for sustainable operations across 23 countries surveyed.
The data, compiled from 49 mining firms, underscores how market forces are driving innovation. Miners increasingly recognize that renewable integration isn’t just ethical—it’s becoming economically imperative as energy costs fluctuate.
Cardone Capital Plans Major Bitcoin Purchase as Institutional Interest Grows
Cardone Capital, a $5 billion real estate investment firm, is making a strategic pivot toward cryptocurrency with plans to acquire over 1,000 Bitcoin. The move underscores a broader institutional shift toward digital assets as stores of value and hedges against market volatility.
This acquisition positions Cardone alongside other major investors recognizing Bitcoin’s long-term potential. The firm’s entry into crypto signals growing confidence in the asset class among traditional finance players.
Vanishing $212M Bitcoin Order Sparks Market Chaos Amid Suspected Spoofing
A suspicious $212 million Bitcoin sell order vanished from Binance’s order book on April 14, triggering brief market turmoil. The 2,500 BTC order appeared at $85,600—2-3% above spot prices—before disappearing as prices approached the level, leaving traders scrambling in its wake.
The incident coincided with existing geopolitical pressures on Bitcoin’s price. Market data shows liquidity gaps emerged as bulls and bears clashed following the order’s removal—a pattern consistent with spoofing, an illegal practice involving fake large orders to manipulate prices.
Binance’s order book showed the phantom order for less than an hour before its disappearance. Analysts note such events test market resilience during periods of volatility, particularly when geopolitical tensions already weigh on trader sentiment.
Bitcoin Surges Forward, Captivating Global Markets
Bitcoin reclaims center stage as institutional forecasts paint a bullish picture. Standard Chartered projects a $120,000 price target by Q2, riding on strong market momentum and growing mainstream attention. The cryptocurrency currently trades near $90,000, buoyed by favorable macroeconomic conditions and diverse global catalysts.
Technical analysis reveals a three-wave correction pattern finding firm support between $93,220 and $94,244. This consolidation signals market readiness for the next leg up, with traders watching for a breakout above immediate resistance levels. The asset’s resilience during recent pullbacks demonstrates robust demand from both institutional and retail participants.
