Category: Bitcoin news

Iran’s Bitcoin hashrate has dropped significantly over the past quarter, falling about 77% as conflict involving the United States and Israel intensified. According to data from the Hashrate Index, the country lost roughly 7 exahashes per second quarter-over-quarter, leaving its total hashrate at around 2 EH/s. Ian Philpot, marketing director at Luxor Technology, said the decline showed a clear regional impact, though the disruption remained largely limited to Iran. Neighboring countries such as the United Arab Emirates and Oman showed no measurable decline in mining capacity.

Iran is estimated to operate approximately 427,000 active Bitcoin mining rigs. Although tensions escalated in February following strikes and retaliatory actions, the global Bitcoin network remained stable at close to 1,000 EH/s. Philpot explained that regional disruptions typically redistribute mining power rather than eliminate it, reducing the risk of widespread network instability.

Global Hashrate Weakness Linked to Falling Bitcoin Prices

The global 30 day simple moving average hashrate declined from 1,066 EH/s in the first quarter to about 1,004 EH/s in the second quarter, representing a 5.8% quarter-over-quarter drop. Philpot attributed this trend primarily to declining Bitcoin prices rather than conflict or regulatory pressure. Bitcoin has fallen more than 45% from its all-time high of $126,000 recorded in October, reducing mining profitability across the sector.

He noted that older-generation mining machines operating at efficiencies above 25 J/TH are now running at negative gross margins, forcing shutdowns. Estimates suggest around 252 EH/s of marginal capacity is currently offline as legacy hardware is retired and replaced with more efficient systems.

Leading Countries Continue to Dominate Global Hashrate Distribution

The United States holds the largest share of global hashrate at over 37%, followed by Russia at about 17% and China at roughly 12%, together accounting for 65.6% of the total network. Philpot added that while overall capacity among major regions remains stable, the internal mix of hardware continues to evolve, with modern equipment gradually replacing outdated machines.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

Bitcoin surged past the $72,000 level after confirmation of a two week ceasefire between the United States and Iran, triggering a broader rally across cryptocurrency and stock futures markets. The leading cryptocurrency climbed to about $72,699, marking a 5% gain within 24 hours.

The rally followed an announcement by Donald Trump, who stated that planned military strikes against Iran would be suspended for two weeks. He described the move as a “double sided ceasefire,” noting that military objectives had been achieved and discussions toward long-term peace were progressing. Iranian officials also confirmed the ceasefire, adding that defensive operations would pause if attacks against the country were halted.

Stock Futures Rise While Oil Prices Drop Sharply

Alongside bitcoin’s rise, U.S. stock futures moved higher, reflecting renewed risk appetite among investors. Futures linked to the S&P 500 advanced about 1.9%, while Nasdaq futures gained roughly 2.2%. Dow Jones futures also rose by nearly 1.8%, signaling broader optimism across financial markets.

At the same time, oil prices dropped significantly as fears of supply disruption eased. West Texas Intermediate crude fell more than 10% to around $95 per barrel, with Brent crude recording a similar decline. Iran also indicated that oil tankers could transit the Strait of Hormuz for the next two weeks, subject to coordination with its armed forces and technical limitations.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

A bitcoin whale transferred approximately 300 BTC, valued at over $20 million, to a Binance deposit address on Tuesday, according to Arkham Intelligence. The wallet, labeled “bc1q…kp4n,” still retains roughly 200 BTC, worth about $13.75 million.

Between January and March 2025, this wallet accumulated 513 BTC, valued at $50 million at the time, suggesting an average purchase price of $97,541 per bitcoin. While it is unclear if the whale intends to sell, such transfers to exchanges often indicate potential market activity. Selling now would result in a loss, with BTC trading near $68,692.

Whale Activity Trends in Crypto Markets

This move follows a wave of recent whale activity. Last month, a bitcoin wallet moved 2,100 BTC ($147.7 million) that had been dormant for over 13 years. Another whale transferred $33 million in BTC to Binance.

Bitcoin edged down 0.6% in the past 24 hours, maintaining a price near $68,892. Btc remains down roughly 45% from its all-time high of $124,900, recorded in October 2025, reflecting continued volatility and active participation from large holders.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

Strategy Inc. recorded an unrealized loss of about $14.5 billion in the first quarter after a sharp decline in the value of its Bitcoin holdings. Bitcoin fell more than 20% during the three-month period, marking the digital asset’s steepest first-quarter decline since 2018.

By the end of the quarter, the company held more than $50 billion in cryptocurrency, but the market downturn pushed the value of those holdings below the firm’s average purchase price of over $75,000 per Bitcoin. Updated accounting rules adopted last year require fair-value adjustments on Bitcoin holdings to be reflected directly in earnings, contributing to large swings in reported financial results.

Recent Bitcoin Purchases and Funding Strategy

Between April 1 and April 5, Strategy purchased 4,871 Bitcoin for approximately $330 million, at an average price of about $67,700. The acquisition was funded through sales of Class A common stock and at-the-market offerings of Stretch preferred shares.

The company also reported a $2.42 billion deferred tax benefit during the quarter.

Preferred Shares and Capital Strategy Outlook

Strategy plans to raise additional funds through $21 billion in Class A stock and $21 billion in perpetual preferred shares. These preferred securities carry an 11.5% annual yield, resetting monthly to maintain a $100 par value.

While selling common stock dilutes shareholders, preferred shares create fixed financial obligations. Strategy currently holds about $2.25 billion in cash reserves, enough to cover interest and distributions for more than two years, but long-term sustainability depends on Bitcoin appreciating faster than the company’s financial commitments grow.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

$471 Million Enter Spot Bitcoin ETFs Amid Price Stability

U.S. spot bitcoin ETFs recorded $471 million in net inflows on April 6, marking their largest daily intake since February and the sixth-largest of 2026, as Bitcoin hovered near $68,780. Strong ETF demand has offset weak spot buying and ongoing selling by large holders, helping stabilize bitcoin below the $70,000 level.

Research indicates a shift in bitcoin’s market behavior: ETF-driven institutional flows are now front-running expected central bank actions rather than reacting afterward. According to Polymarket data, the market currently assigns a 98% probability that the Federal Reserve will hold rates steady at its April meeting.

A Binance Research report notes that bitcoin’s correlation with the Global Easing Breadth Index tracking 41 central banks—has turned sharply negative since 2024. This suggests bitcoin may have transitioned from a “macro lagging receiver” to a “leading pricer,” with ETF inflows absorbing supply and influencing marginal pricing ahead of central bank moves.

The combination of ETF-driven demand and weak spot accumulation by whales highlights the growing influence of institutional flows in shaping bitcoin’s near-term price dynamics.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

Bitcoin has repeatedly failed to maintain levels above $70,000 and is now retreating toward $68,000, testing the lower boundary of a $65,000–$73,000 trading range that has held since late March. On-chain data from Glassnode indicates soft trading volumes and subdued activity, signaling weak participation behind recent price moves.

Large holders continue distributing BTC, according to trading and liquidity firm Caladan, leaving the market reliant on macro-driven flows and derivatives positioning rather than broad based accumulation.

Derivatives and Prediction Markets Signal Downside Risk

Options markets show elevated implied volatility relative to realized levels, reflecting increased demand for downside protection. Analysts highlight a negative gamma setup below $68,000, where market makers may be forced to sell BTC to hedge positions, potentially accelerating a decline toward $60,000 if support fails.

Prediction market activity on Polymarket shows traders assigning a 68% probability that BTC will trade at or below $65,000 in April, while higher targets like $80,000 have seen falling odds.

Taken together, these trends suggest a structurally fragile market: stable for now, but vulnerable to sharp declines if key support levels break.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.