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After another volatile month fueled by the war moves in the Middle East, bitcoin managed to scrape above the surface at the end and finished with a minor increase.
The focus has now turned to April and Q2, and _CryptoPotato_ turned to a leading expert about their take on the matter and what
CryptoPotato6m ago
‘Q2 Will Be Full of Blood’: Analyst Flips Fully Bearish on Bitcoin
Over the last few months, conflict in the Middle East has put pressure on crypto markets. Bitcoin faced a fresh decline of nearly 3% on Friday as the price dropped toward $66,000 from $69,200 yesterday.
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For every 1 mined unit, you’re paying $20,000! Bitcoin miners spark a wave of disappearances, as “mining difficulty” drops sharply by 7.8%
The Bitcoin mining industry is facing severe challenges. As the coin’s price declines and energy costs increase, mining expenses have soared to $88,000, with miners losing nearly $20,000 for each Bitcoin mined. Rising international oil prices and escalating geopolitical risks have further intensified miners’ financial pressures. Hashrate loss and extended block times indicate that miners are exiting the market, leading to a wave of sell-offs that further impact the price structure. To survive, miners are turning to AI and high-performance computing to seek new revenue sources.
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Ethereum is approaching a key level, but it’s hiding strong signals! Active addresses are nearing their all-time high, while funds continue to leave trading platforms
In April 2026, the price of Ethereum fell under the influence of geopolitical pressure, but on-chain data performed well and network activity was high. User preference for self-custody increased, and the DEX market share rose. Analysts say the market has not seen panic selling; whether the price will reverse in the future still depends on the external environment.
GateNews50m ago
Why is the crypto market down today? Trump’s tough remarks sparked a wave of selling, and Bitcoin is approaching the key $65,000 support level
April 2, 2026, the total market capitalization of the cryptocurrency market fell 2.6%. Bitcoin dropped to $66,250, Ethereum is nearing $2,000, and major assets generally pulled back. Due to Trump making tough remarks about the Iran situation, risk-off sentiment intensified in the market, and funds are taking a wait-and-see stance in the short term. High interest rates and geopolitical risk together are weighing on prices; going forward, attention will be on developments in the Middle East and changes in macro liquidity.
GateNews53m ago
Bitcoin is moving sideways—quiet undercurrents are building beneath the surface! The expectation that “the war will end” has already been priced in, yet capital is slowly pulling back
Bitcoin’s price has been trading in a tight range around $68,000 ahead of an upcoming speech by Trump, and expectations that the conflict could ease have not translated into a more optimistic positioning of capital. Trading volume indicators show sellers are in control, and the market is in the “distribution phase.” Despite some buy-side attempts to enter, confidence is lacking, and near-term direction will be driven by geopolitical factors and capital flows.
GateNews55m ago