Bitcoin Price Roars Past $76,000 As Short Squeeze Continues

Bitcoin price surged past $76,000 on Tuesday, hitting a four-week high and marking its strongest price move in weeks as a combination of geopolitical optimism, forced short liquidations, and institutional buying pressure drove the rally.

The move began building in the evening of April 13, when bitcoin broke through a dense cluster of leveraged short positions sitting between a bitcoin price of $72,000 and $73,500. Once that resistance cracked, short liquidations became the accelerant. 

Over a 24-hour period, roughly $425 million in leveraged short positions in Bitcoin and Ether were wiped out, with 177,000 traders liquidated for a combined $530 million, according to CoinGlass…

Read more on BitcoinMagazine

Crypto Tax Shock: 61% Unaware Of New IRS Rules Ahead Of April 15 Deadline – Coinbase Global (NASDAQ:COIN)

The IRS Crackdown

The Internal Revenue Service is stepping up its crackdown on crypto tax evasion as the April 15 filing deadline approaches.

“This year, we are seeing the IRS clampdown on crypto tax evasion more than ever before,” Andrew Duca, founder of tax platform Awaken Tax, told DL News. 

“The IRS’s Criminal Investigation division is going after crypto cases more and more,” he added.

The Coinbase and CoinTracker report described an “environment of high compliance intent but low functional understanding.” 

Meanwhile, Duca reports that 52% of U.S. crypto investors worry they will file their crypto taxes incorrectly this year and face an IRS penalty.

“There have been so…

Read more on Benzinga

Bitcoin Jumps To $74,000 But ETFs Bleed $291M: What Is Going On?

Bitcoin (CRYPTO: BTC) has broken above the descending channel that defined the bear trend, yet U.S. spot ETFs bled $291.11 million on April 13 as institutions pull back.

BTC’s Technical Breakout

Bitcoin now tests the 100 EMA at $75,275—the first major EMA test since the breakdown began.

The SAR at $68,721 sits comfortably below, keeping the daily signal bullish. 

The 20 EMA at $70,826 and 50 EMA at $71,005 both sit beneath price and are beginning to slope upward—the first time this alignment has appeared since the peak.

Key support sits at $71,005 (50 EMA), then $70,826 (20 EMA), then $68,721 (SAR). Resistance clusters at $75,275 (100 EMA), then $80,000, then $83,218 (200 EMA).

The ETF… Read more on Benzinga

UK Lawmaker Calls For Probe Into Nigel Farage’s Bitcoin Ties

Political pressure is building in the United Kingdom as regulators face calls to examine bitcoin promotion tied to public officials, while broader scrutiny of digital asset markets continues across jurisdictions.

Liberal Democrat deputy leader Daisy Cooper urged the Financial Conduct Authority to investigate Nigel Farage over his involvement with bitcoin treasury firm Stack BTC. The request follows a promotional video in which the company said Farage executed a £2 million bitcoin purchase on its behalf. 

The company described the purchase as a “landmark moment” in British politics, stating that Farage is the first sitting MP and the first UK political party leader to publicly…

Read more on BitcoinMagazine

Deutsche Börse Takes $200 Million Stake In Kraken, Deepening Crypto Push

Deutsche Börse said Tuesday it has acquired a $200 million stake in U.S.-based cryptocurrency exchange Kraken, expanding its footprint in digital assets and strengthening an existing partnership between the two firms.

The investment, made through the purchase of existing shares in a secondary market transaction, gives Deutsche Börse a 1.5% fully diluted stake in Kraken’s parent company, Payward Inc. The deal remains subject to customary closing conditions, including regulatory approvals, and is expected to close in the second quarter, according to a note shared with Bitcoin Magazine.

The move builds on a partnership first announced in December 2025, as both companies look to bridge…

Read more on BitcoinMagazine

Bitcoin Jumps To $74,000, Ethereum Surges 9%, XRP, Dogecoin Spike 3% – Grayscale Bitcoin Mini Trust (BTC)

Bitcoin jumped above $74,000 as liquidations stand at $545.67 million over the past 24 hours.   

Bitcoin ETFs saw $291.1 million in net outflows on Monday, while Ethereum ETFs reported $9.44 million in net inflows.  

Meme coin market capitalization is down 3.6% over the past 24 hours at $35.4 billion

Trader Commentary:   

Michael van de Poppe said Bitcoin is consolidating near $75,000 and preparing for a potential retest of recent highs. A decisive breakout above this level could push prices toward $80,000–$85,000, particularly if $72,000 holds as support. If Bitcoin moves higher, altcoins could outperform with 2x-3x the gains.

Trader Jackis noted that Ethereum has already broken…

Read more on Benzinga

Bitcoin’s ‘Extreme Pain Zone’ Sits At This Level Where Sellers Will Face Total Exhaustion, Says Crypto An

A cryptocurrency analyst identified $43,647 as Bitcoin’s (CRYPTO: BTC) “extreme pain” threshold where sellers would be fully exhausted.

Will Weak Hands Exit If This Support Breaks?

Ali Martinez took to X to share their insights on Bitcoin’s current market status.

They referred to the Market Value to Realized Value 0.8 band as the “Average Receipt” for the entire market. These pricing bands use statistical deviation from the Market Value to Realized Value ratio’s all-time average to identify potential market tops and bottoms.

“Currently at $43,647, this level represents total seller exhaustion,” Martinez stated. “When the market price drops below the average cost basis…

Read more on Benzinga

Elon Musk’s X To ‘Launch Something’ To Fix Crypto Problems? Product Head’s Post Sparks Buzz

Nikita Bier, Head of Product at X, sent speculations soaring on Monday after he proposed a solution to counter challenges faced by the cryptocurrency market this year.

What Is X Up To?

In an X post, Bier said that the market has had a rough year and X could “launch something” to fix the problems.

The sector has indeed faced strong headwinds so far, with the total market capitalization shrinking 16% to $2.52 trillion.

In fact, Kruger straight-up asked Bier to integrate native Bitcoin support into X.

Something To Do With X Money?

Other users speculated about the possibility of cryptocurrencies getting integrated as a payment option on the upcoming X Money service.

As of this writing, X Money…

Read more on Benzinga

Peter Schiff Wants Investors To Ditch Bitcoin For Gold, Silver Which Could ‘Start New Legs Up’ – Strategy

Economist Peter Schiff advised his followers on Monday to swap their Bitcoin (CRYPTO: BTC) for gold and silver as the apex cryptocurrency aimed to recapture the critical $75,000 level.

Schiff Repeats Old Advice

“The U.S. dollar seems to be rolling over, and gold and silver may be about to start new legs up. If you have any Bitcoin, sell it now and buy gold and silver,” he added.

Schiff has repeatedly urged investors to take profits from Bitcoin rallies and invest them in precious metals.

Gold, Silver Struggle Amid Geopolitical Jitters

Schiff promotes gold as a safe haven that rises during aggressive monetary expansion—the same forces he sees as drivers for dollar weakness. However, 2026…

Read more on Benzinga