Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Cetus Protocol’s $223 Million Hack Puts Sui’s Decentralization in the Spotlight

May 25, 2025

Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K

May 25, 2025

Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

May 25, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Cetus Protocol’s $223 Million Hack Puts Sui’s Decentralization in the Spotlight

    May 25, 2025

    Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K

    May 25, 2025

    Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

    May 25, 2025

    Big Short’s Michael Burry Bets on Lipstick to Combat Recession

    May 25, 2025

    Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K

    May 25, 2025

    Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

    May 25, 2025

    Crypto Analyst Warns of 2021-Style Bitcoin Bull Market Top, Says ‘All Bets Are Off’ if BTC Loses Crucial Level

    May 25, 2025

    Bitcoiners fire back at Aussie senator’s ‘you can’t eat Bitcoin’ remark

    May 25, 2025

    BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    May 23, 2025

    The future of Web3 is not blockchain

    May 23, 2025

    Bitcoin Primed To Go Higher Faster Than Expected, Says Analyst Michaël van de Poppe – Here Are His Targets

    May 22, 2025

    Whale buys back ETH holdings after missing $2.6M gain

    May 22, 2025

    Crypto ETFs won’t lose ‘their luster’ as wallet adoption grows — Cathie Wood

    May 25, 2025

    Analyst Says Full-Blown Altseason Has Started, Outlines Path Forward for Dogecoin, Floki and Pepe

    May 23, 2025

    Crypto, NFTs are a lifeboat in the sinking fiat system: Finance Redefined

    May 23, 2025

    Ethereum price chart targets $4K as transaction fees hit 3-month high

    May 23, 2025

    Cetus Protocol’s $223 Million Hack Puts Sui’s Decentralization in the Spotlight

    May 25, 2025

    Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K

    May 25, 2025

    Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

    May 25, 2025

    Big Short’s Michael Burry Bets on Lipstick to Combat Recession

    May 25, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Market Is 'Ticking Time Bomb', Bitcoin On Brink of Eruption | Lawrence Lepard

    May 24, 2025

    Crypto Meets Real Estate: Grant Cardone’s Bold Bitcoin Strategy (Massive Price Prediction)

    May 24, 2025

    Pi Network: You Won't Believe This! Review, History & Potential

    May 24, 2025

    Dollar's Dying! Escape Now or Regret It! (Financial Warning)

    May 23, 2025

    “Do Not Be Fooled!” Kevin O’Leary Issues BIG Warning To Crypto Holders

    May 23, 2025
ApeWatcher News
Home » BTC Climbs to $90K for the First Time Since Early March
BTC Climbs to K for the First Time Since Early March
News

BTC Climbs to $90K for the First Time Since Early March

CoindeskBy CoindeskApril 23, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) surged to $90,000 for the first time since March 7, adding more than 5% in the past five days as the paths of the largest cryptocurrency and traditional equities diverge.

In comparison, the S&P 500 was trading above 5,700 points on March 7 and has since slipped below 5,200.

Despite the recent bounce, bitcoin remains down more than 5% year to date. It has, however, recovered significantly from its April 8 low, when it was down nearly 20% on the year and more than 30% below its record of around $109,000 in January. That marked the steepest correction of this cycle and eclipsed the August 2024 drawdown, when it slid to $49,000.

From a market structure perspective, the average perpetual funding rate across exchanges is currently negative.

Perpetual funding rates reflect the cost of holding long or short positions in futures markets. When the rate is negative, it means short sellers are paying long holders to maintain their positions, a setup that can accelerate price moves higher because shorts are forced to cover their positions in what’s known as a short squeeze.

Adding to the bullish momentum, Monday marked the largest single-day inflow into U.S. spot bitcoin ETFs since Jan. 30, totaling over $380 million. With the Nasdaq up more than 1% on what some observers are terming “Turnaround Tuesday,” bitcoin may gain further upside, though key technical resistance levels still lie ahead.

Disclaimer: This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

UPDATE (April 22, 13:55 UTC): Adds price movement history in third paragraph, market structure starting in fourth.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cetus Protocol’s $223 Million Hack Puts Sui’s Decentralization in the Spotlight

May 25, 2025

Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K

May 25, 2025

Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

May 25, 2025

Big Short’s Michael Burry Bets on Lipstick to Combat Recession

May 25, 2025

Crypto Analyst Warns of 2021-Style Bitcoin Bull Market Top, Says ‘All Bets Are Off’ if BTC Loses Crucial Level

May 25, 2025

Crypto investor charged with kidnapping, torturing an Italian for passwords

May 25, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

Cetus Protocol’s $223 Million Hack Puts Sui’s Decentralization in the Spotlight

May 25, 2025

Bitcoin trader swaps $1.25B long for short as BTC price slides under $108K

May 25, 2025

Pakistan allocates 2,000MW power for Bitcoin mining and AI centers

May 25, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.