Cogitent Labs Elise (2026)

27/04/2026

'Historical average' could push Bitcoin bottom at $57K level: Analyst
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Published
Apr 26, 2026
Bitcoin was “rejected” from the $80,000 price level, which is its next resistance zone on the way to reclaiming the $100,000 psychological price level.

The price of Bitcoin (BTC) could bottom out at the $57,000 level in October 2026, despite rallying by more than 29% since the low of about $60,000 in February, according to Bitcoin investor and author Michael Terpin.

Terpin told Cointelegraph that his forecast is based on the “historical average” drawdown of about one year from a market cycle top, which was reached in October 2025 when BTC surged to an all-time high above $126,000, to the cycle bottom.

Bitcoin’s price needs to reclaim the $100,000 level for the bull market to resume, which will likely occur when the price falls below the 200-week moving average, a dynamic and critical support level, he said. Terpin added:

“There’s certainly a chance of $100,000 this year, but unlikely. It would need to combine strong exchange-traded fund (ETF) buying with what Michael Saylor is already doing at Strategy, combined with an absence of liquidations from a sharp move down.”

Michael Terpin expects Bitcoin to bottom out around the $57,000 level. Source: TradingView

The forecast comes as Bitcoin’s price hovers at about $77,987, and crypto assets continue to be pressured by volatile oil prices, the war in Iran and a lack of liquidity, as interest rates in the US remain unchanged.

Related: Bitcoin price set for best gains since Q4 2024 with $77.5K monthly close

Current Bitcoin rally might be a fake out, says analyst
Ahead of this week's Federal Open Market Committee meeting (FOMC), 99.5% of traders expect no interest rate cut, according to the CME FedWatch Tool.

The target rate probabilities ahead of the April FOMC meeting. Source: CME

“Wednesday is (Jerome) Powell's almost certain last FOMC meeting as Fed Chair. The rate decision is almost certainly a hold flat,” market analyst Nic Puckrin said. Federal Reserve chairman Jerome Powell's term as head of the central bank ends next month.

The lack of “euphoria or interest” from crypto market investors amid the Bitcoin rally since February signals that investors view it as a limited rally, with a return to the downside expected, according to crypto market analyst Matthew Hyland.

“It does appear to me the larger expected consensus outcome for BTC is another leg lower by October,” he said on Saturday. Bitcoin’s price could also fall to the $73,000 level in the short term, according to Cointelegraph analysts.

If the 21-week exponential moving average (EMA) continues to be a resistance zone for Bitcoin’s price, this could also force prices to retrace to about $65,710, according to Rekt Capital.

Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

23/04/2026

Banks seek to slow down implementation of crypto's GENIUS Act on stablecoin oversight
U.S. banking groups argued that a number of federal agencies are moving quickly on stablecoin regulations, making it hard to understand how rules will interact.
By Jesse Hamilton|Edited by Nikhilesh De
Apr 22, 2026, 9:23 a.m.
Makepreferred on
U.S. Treasury Department in Washington, D.C. (Jesse Hamilton/CoinDesk)
Banks have asked the U.S. Treasury Department to temporarily hit the brakes on GENIUS Act rulemaking. (Jesse Hamilton/CoinDesk)
What to know:
The U.S. banking industry is asking for a pause on GENIUS Act comment periods for several stablecoin regulations until the Office of the Comptroller of the Currency finishes its effort.
Several bank groups argued that the efforts from the Treasury Department and Federal Deposit Insurance Corp. are dependent on an OCC rule that's not done, yet.

The crypto industry is frequently finding bankers involved in its top-priority regulatory efforts, and this time, a coalition of bank trade associations has asked the U.S. Department of the Treasury to extend the window in which the public can weigh in on implementation of last year's Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.

In a letter sent this week to the Treasury Department and the Federal Deposit Insurance Corp., bankers in the U.S. are asking that three different GENIUS Act rule proposals get extended comment periods, at least 60 days after another rule effort (at the Office of the Comptroller of the Currency) is finished. The OCC's push to implement its rule for policing stablecoin issuers is meaningful to the outcome of other rules being pursued at the Treasury's Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN), plus a related rulemaking at the FDIC.

All the efforts are "directly contingent on the OCC's final framework," the bankers contend. The collective efforts, in addition to regulatory proposals that haven't yet emerged from the Federal Reserve and other agencies, "represent a body of regulatory work of extraordinary scope and complexity."

The banking organizations, including the American Bankers Association and the Bank Policy Institute, said that their comments "will necessarily be more comprehensive, and therefore more useful to the agencies, if we have sufficient time to evaluate the proposed rules together and to evaluate each against the finalized OCC framework."

The GENIUS Act is meant to be in place by 2027, though it's not unusual for federal agencies to grant extensions of comment periods on complex rules. The Treasury Department didn't immediately respond to a request for comment on the bank industry's request.

The same bankers are also embroiled in a stablecoin-related debate with the crypto industry that's so far managed to delay the Digital Asset Market Clarity Act for months, and potentially jeopardize its potential for becoming law this year.

Read More: U.S. Treasury proposes demands that stablecoin firms be set to police bad transactions

Regulation
banks
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Sam Bankman-Fried withdraws retrial motion. He believes he would not get a fair trial.
By Olivier Acuna|Edited by Jamie Crawley
2 hours ago
Sam Bankman-Fried (Jesse Hamilton/CoinDesk)
The founder of the collapsed crypto exchange FTX said he might file for a retrial after a decision on his appeal is ruled upon.

What to know:

Sam Bankman-Fried has withdrawn his request for a new trial, saying he doubts he would receive a fair hearing but may renew the motion after his direct appeal and a reassignment request are decided.
The FTX founder, serving a 25-year sentence after conviction on seven fraud and conspiracy counts, said..

20/04/2026

Bitmine buys 101,627 ETH in largest purchase since December 2025
20 minutes ago
Bitmine bought 101,627 Ether last week, lifting holdings to 4,976,485 ETH, or about 4.12% of supply, as the company moves closer to its 5% target.

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Bitmine Immersion Technologies, the world’s largest public holder of Ether, increased its ETH treasury last week with another large purchase.

The company acquired 101,627 ETH during the week of April 13 to April 19, according to a press release and an accompanying Form 8-K filing with the US Securities and Exchange Commission on Monday.

The purchase marks Bitmine’s largest Ether buy since Dec. 15, 2025, according to chairman Tom Lee. “Bitmine has maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the ‘mini-crypto winter,’” Lee said.

Following the purchase, Bitmine said it held 4,976,485 ETH valued at roughly $11.5 billion at a reference price of $2,301 per token. The company also holds 199 Bitcoin
BTC
$75,270
, a $200 million stake in Beast Industries, a $107 million stake in Eightco Holdings and $1.12 billion in cash. The company’s total crypto and cash holdings are $12.9 billion.

The latest update extends Bitmine’s lead among public company Ether treasuries as crypto balance sheet strategies continue to spread across public markets.

Bitmine is 82% of the way to the “alchemy of 5%”
In holding 4.98 million ETH, Bitmine now owns more than 4% of total Ether circulating supply. The company said its broader goal remains to reach the “alchemy of 5%,” a long-term target it has been working toward through repeated large-scale purchases.

The purchase came after Bitmine recently started trading on the New York Stock Exchange after uplisting from the NYSE American as the company expanded its share buyback program.

Top five Ether holders by total ETH exposure (excluding latest buys). Source: CoinGecko
Bitmine has also expanded its staking operations through its MAVAN (Made in America Validator Network) platform. The system is designed to support institutional-grade Ethereum staking with an emphasis on performance and security.

The company reported that 3.33 million ETH is currently staked, generating annualized staking revenues of over $200 million.

Related: Ether treasuries need liquid staking edge to beat ETFs, says Lido exec

At Paris Blockchain Week 2026, Lee said the recent crypto slump was a “mini crypto winter,” and predicted that Ether could climb above $60,000 over the next few years.

Magazine: Your guide to surviving this mini-crypto winter

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Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy

19/04/2026

USDT Minting Adds $1 Billion (Liquidity Injection)

Tether Treasury adds $1B USDT.

This represents:
New funds are entering the market
Liquidity is being pre-positioned.

👉 Historically, such events often occur before market rallies begin

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