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With Bitcoin surpassing $78,000 for the first time since mid-January, a new analysis suggests that a decisive break above the $80,000 resistance level is needed to signal an end to the bear market. According to a report from on-chain analytics firm Glassnode, if BTC reclaims $80,000, over 54% of recent investors would enter a profitable zone, a trend that aligns with historical signals of a bear market conclusion. The firm noted that a gradual inflow of spot demand and ETF funds has started to bring retail and institutional investors back to the market, contributing to the price rebound. However, Glassnode pointed out that a cautious sentiment persists in the derivatives market, where funding rates have remained consistently negative, indicating a dominance of short positions. The firm added that rising realized profits combined with low volatility suggest a lack of market conviction. "Overall, the market appears to be in a gradual recovery phase, but further confirmation is needed," Glassnode assessed. "Continued spot buying and ETF inflows are necessary to break through $80,000. If the current price level is not maintained, low liquidity could lead to an accelerated decline."

U.S. banking groups, including the American Bankers Association and the Bank Policy Institute, have asked the Treasury Department to extend the comment period for the implementation of the GENIUS Act, a law regulating stablecoins. According to CoinDesk, the groups are seeking to extend the feedback deadline for three proposed rules related to the act. They have specifically requested at least 60 additional days for review after the Office of the Comptroller of the Currency (OCC) finalizes its separate regulatory work. The OCC is currently developing rules for supervising stablecoin issuers, which is considered a key factor that will influence the regulatory direction of the Treasury's Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN). The banking groups argued that since the direction of stablecoin regulation is not yet finalized, sufficient time is needed for a comprehensive review that reflects the OCC's standards, as they could affect other regulations.

The U.S. Department of Defense (the Pentagon) has informed Congress that it could take up to six months to completely clear mines laid by the Iranian military in the Strait of Hormuz. It also stated that such a minesweeping operation would be difficult to execute before a war between the U.S. and Iran concludes. This assessment suggests the economic impact of the conflict could extend beyond the second half of this year. A senior Defense Department official reportedly shared the estimate during a classified briefing on April 21 for members of the House Armed Services Committee. According to two sources, the timeline disappointed both Democratic and Republican lawmakers and is being seen as the clearest signal yet that gasoline and crude oil prices could remain high for an extended period, regardless of any peace agreement. Beyond the economic impact, the situation could have significant repercussions for U.S. domestic politics, particularly for the Republican Party, ahead of the November midterm elections. Lawmakers were told that Iran may have laid more than 20 mines in the Strait of Hormuz area. Some were reportedly deployed remotely using GPS technology, making them difficult for the U.S. military to detect, while the rest are believed to have been laid by Iranian forces using small boats. The White House and the Department of Defense did not respond to inquiries about the assessment on April 22, and U.S. Central Command also declined to comment.

Cryptocurrency analyst Merlijn The Trader stated that Bitcoin has one more significant drop to the $58,000 level remaining before it can surpass a new all-time high of $150,000. In a post on X, he explained that based on the Wall Street Cheat Sheet market cycle, the market experienced euphoria when BTC hit $126,000 and has since moved through phases of anxiety, denial, and fear. The analyst anticipates the next stage will be anger, projecting a BTC decline to around $58,000. He described this as the final phase before the market enters a state of disbelief, after which Bitcoin is expected to begin a gradual rise. He concluded that the entire cycle is nearing completion, with just one more sharp drop to go.

An analysis suggests that Bitcoin formed a market bottom at $63,000 on Feb. 5. According to The Crypto Basic, Zach Pandl, head of Grayscale Research, pointed to the possibility of a bottom based on on-chain indicators showing that recent buyers have entered profitability. The outlet noted that BTC has recovered losses for these buyers by surpassing their average purchase price of $74,000. It also highlighted the ongoing decline in Bitcoin reserves on exchanges and the significant absorption of BTC by large financial institutions, contributing to a supply shortage.

Iran's Tasnim news agency on April 22 refuted U.S. President Donald Trump's suggestion that new negotiations between the two countries could occur on April 24, dismissing the claim as "another lie." According to the report, Trump had told the New York Post in an interview that a second round of talks with Iran could take place on April 24. However, the Iranian side stated that it has not yet decided to participate in any negotiations on that date and that its plan to abstain from the talks remains unchanged. The Iranian government has also not yet announced an official position on extending the current ceasefire.

Binance has announced that it will list OPG/USDT perpetual futures at 3:30 p.m. UTC on April 22, with support for up to 20x leverage.

The supply of Ethena's stablecoin, USDe, has decreased by $800 million in three days, according to CryptoQuant. The rapid outflow of liquidity is creating widespread pressure across the DeFi sector.

Iran currently has no plans to hold negotiations with the United States on April 24, according to the country's Tasnim News Agency.

Binance.US has lowered its spot trading fees to near-zero levels to enhance its price competitiveness. According to Cointelegraph, the exchange has reduced maker fees to 0% and taker fees to 0.02% for all trading pairs. The company explained that this move could lower trading costs by up to 98% compared to competitors like Coinbase, where fees start at approximately 0.40% to 0.60% for lower trading volumes.

Mining companies HIVE Digital (HIVE) and Keel Infrastructure (KEEL) are scaling back their BTC mining operations to expand their investments in artificial intelligence infrastructure, CoinDesk reported. HIVE has raised $115 million through a zero-coupon convertible bond issuance, with the funds earmarked for expanding its global data centers and increasing GPU capacity. The company explained that it is focusing on data centers capable of handling high-performance computing tasks. Meanwhile, Keel is undergoing a business transition, selling its 70-megawatt (MW) mining facility in Paraguay for approximately $13 million.

Oracle solution Pyth Network announced it will provide price data to the decentralized prediction market Kalshi. Kalshi has launched a commodities hub allowing users to bet on the price movements of real-world assets such as gold, crude oil, and grains. The outcomes of all contracts will be determined using Pyth's price data. Additionally, Pyth Network's data service, Pyth Pro, will offer direct data access to Kalshi's market makers.

According to CoinNess market monitoring, BTC has risen above $79,000. BTC is trading at $79,000 on the Binance USDT market.

The UK's Financial Conduct Authority (FCA) has conducted its first on-site crackdown on illegal peer-to-peer (P2P) cryptocurrency trading, Cointelegraph reported. In a joint operation with HM Revenue & Customs (HMRC) and the South West Regional Organised Crime Unit, the FCA inspected eight locations where illegal crypto transactions were taking place, issuing immediate cease-and-desist orders. Steve Smart, the FCA's Executive Director of Enforcement and Market Oversight, stated that unregistered P2P crypto trading is an illegal activity that creates risks of financial crime. Although P2P crypto trading in the UK requires official approval, there are currently no P2P traders or platforms registered with the FCA.

Major centralized exchanges (CEXs) are actively utilizing AI in their operations, Wu Blockchain reported via X. OKX has introduced the Claude Enterprise Edition for all its employees, while Bybit has provided both Claude and Open Claw to its entire staff. Meanwhile, Bitget has mandated that employees meet an internal standard for daily AI usage within the quarter. Some exchanges are also requiring over 90% of their code to be written with AI assistance, with others managing AI token consumption as a Key Performance Indicator (KPI).

MoonPay and the Dogecoin Foundation have donated 1 million DOGE to support dog welfare in the U.S., BeInCrypto reported. The donation is valued at approximately $100,000 based on current prices.

The grace period for the European Union's Markets in Crypto-Assets (MiCA) regulation is set to end on July 1, after which providing services to EU customers without a MiCA license will be prohibited, Cointelegraph reported. The new rules are expected to pose a significant burden for smaller and early-stage projects, as licensing costs, enhanced governance requirements, and reporting obligations raise the barrier to entry. While fully decentralized services are exempt from the regulation, the industry remains concerned about ongoing uncertainty due to ambiguous classification criteria for hybrid projects.

Whale Alert reported that 200,000,000 USDT has been transferred from an unknown wallet to Binance. The transaction is valued at about $200 million.

The three major U.S. stock indices opened higher today. - S&P 500: +0.7% - Nasdaq: +0.8% - Dow Jones: +0.7%

A new documentary claims that Bitcoin creator Satoshi Nakamoto was not an individual but a shared pseudonym for two cryptographers, Hal Finney and Len Sassaman, Decrypt reported. The film, "Finding Satoshi," released on April 22, theorizes that Finney wrote the Bitcoin code while Sassaman handled documentation, including the nine-page white paper. Sassaman died by suicide in 2011, following Satoshi's last public post, and Finney died in 2014 from complications of ALS. The filmmakers stated that data from scientist Alyssa Blackburn showed Finney's and Sassaman's online activity profiles matched Satoshi's. They also noted that records show Satoshi was emailing a developer while Finney was running a marathon in Santa Barbara, which they interpret as evidence supporting the two-person collaboration theory.

President Trump said it is possible that negotiations with Iran could begin on April 24, according to a text message obtained by the New York Post.

Market maker GSR has listed its GSR Crypto Core3 ETF (BESO) on Nasdaq, The Block reported. The fund invests in BTC, ETH, and SOL and is the first multi-asset ETF in the U.S. to return staking rewards to the fund. Its assets are rebalanced weekly.

Of the 56 million cryptocurrency transaction reports U.S. exchange Kraken submitted to the IRS for the 2025 tax year, one-third, or 18.5 million, were for transactions under $1, and more than half were for $10 or less, CoinDesk reported. Only 8.5% of all transactions were for $600 or more, while 74% were under $50. Current tax law does not provide a de minimis exemption for cryptocurrency payments. Staking rewards are also taxed as ordinary income based on their market price at the time of receipt, which can result in a tax liability that exceeds the asset's current value if the token's price declines. A bill currently under consideration in Congress includes a de minimis exemption, but it is limited to stablecoins. Kraken is advocating for legislation that would allow taxpayers to choose whether to be taxed on staking rewards upon receipt or at the time of sale.

Coinbase has announced the listing of the British Pound stablecoin tGBP.

The U.S. Department of Justice (DOJ) has announced the launch of a compensation process for victims of the OneCoin cryptocurrency Ponzi scheme. According to The Daily Hodl, over $40 million in recovered assets are currently available for distribution. Victims are required to submit proof of their investment through an official portal by June 30. While the recovered amount is only about 1% of the total damages, this is the first tangible relief measure for the victims. OneCoin, which operated from 2014 to 2019, defrauded investors worldwide of more than $4 billion.