Bitcoin Holds Steady at $96K Amid Geopolitical Shifts
Bitcoin has demonstrated resilience by stabilizing at $96,000 despite recent geopolitical turbulence. The cryptocurrency experienced significant volatility, with prices briefly dipping below $80,000 following former President Trump's aggressive tariff policies. However, a 2% daily gain reflects a cautiously optimistic market sentiment as US-China de-escalation talks emerge. Traders are now eyeing May as a potential turning point for a rally that could push Bitcoin to new highs. The current stability at $96K suggests strong underlying demand and investor confidence in Bitcoin's long-term value proposition, even amid global uncertainties.
Bitcoin Stabilizes at $96K Amid Global Political Turbulence
Bitcoin holds steady at $96,000 after weathering significant volatility tied to geopolitical tensions. The cryptocurrency's 2% daily gain masks broader turbulence following former President Trump's aggressive tariff policies, which previously drove prices below $80,000.
Market sentiment now leans cautiously optimistic as US-China de-escalation talks emerge. Traders watch for whether May could deliver the rally needed to reclaim $100,000—a psychological threshold that has eluded BTC since its last peak.
Coinbase Exec Proposes U.S. Gold Revaluation to Fund $100B Bitcoin Acquisition
Sebastian Bea, President of Coinbase Asset Management, has floated a provocative idea in Washington's financial circles: a strategic revaluation of U.S. gold reserves could unlock $100 billion for Bitcoin purchases without impacting the federal budget. The proposal, discussed on The Scoop podcast, suggests adjusting the accounting value of America's gold stockpile—currently held at a historic $42.22 per ounce—to modern market prices.
This financial engineering WOULD create a war chest sufficient to make the U.S. government one of Bitcoin's largest institutional holders overnight. Bea's plan emerges as BTC faces a critical technical juncture—analysts note the cryptocurrency must decisively break through the $95,000-$96,000 resistance level to confirm its next bullish phase.
Bitcoin Nears $100K as Analysts Identify Rally Triggers
Bitcoin's steady ascent continues, with the cryptocurrency now trading around $96,091—a 3.6% weekly gain. The MOVE toward six figures follows April's corrective phase, signaling sustained market participation and building momentum.
CryptoQuant's Axel Adler Jr. highlights Bitcoin's on-chain momentum ratio of 0.8, marking entry into what analysts term the 'start rally zone.' This threshold historically precedes significant price appreciation, with traders monitoring three potential catalysts for the next leg up.
Riot Platforms Reports Revenue Surge Amid AI Transition Despite Q1 Losses
Riot Platforms, a leading bitcoin mining firm, posted a 103.5% year-over-year revenue increase to $161.4 million in Q1 2025, driven by a $71.5 million boost from Bitcoin mining. The Nasdaq-listed company nevertheless reported a net loss of $296.4 million, a stark reversal from its $211.8 million net income in the same period last year.
The earnings slump coincides with Riot's accelerated pivot toward artificial intelligence and high-performance computing infrastructure. Market observers note the strategic shift reflects broader industry trends as mining firms diversify beyond volatile crypto markets.
Metaplanet Doubles Down on Bitcoin Strategy with $24.7 Million Bond Offering
Metaplanet has approved a ¥3.6 billion ($24.7 million) bond issuance to accelerate its Bitcoin accumulation strategy. The zero-coupon bonds, approved by the Board on May 2, 2025, will mature in October with redemption at par value.
The proceeds are earmarked exclusively for Bitcoin purchases as the Tokyo-based firm races toward its ambitious target of holding 10,000 BTC by year-end. This follows a similar ¥2 billion ($13.4 million) bond placement in March, demonstrating institutional conviction in Bitcoin's long-term value proposition.
Corporate balance sheet allocations to Bitcoin continue gaining momentum globally, with Metaplanet emerging as Asia's most aggressive public company adopter. The move coincides with growing recognition of Bitcoin as a treasury asset among forward-looking enterprises.
Bitcoin Eyes $97K Breakout as NFP Report Looms
Bitcoin hovers NEAR $96,880, up 2% ahead of today's Nonfarm Payrolls data. A weaker-than-expected jobs report could fuel rate cut bets, potentially weakening the dollar and propelling BTC past resistance at $97,500.
Market sentiment remains cautiously bullish as traders await the 12:30pm GMT NFP release. April's forecast of 138,000 new jobs pales against March's 228,000 surprise—a significant miss may trigger institutional flows into crypto as a hedge against traditional market volatility.
