### Bitcoin's Recent Decline

**Bitcoin** has recently experienced a significant drop of **4.0%**, primarily triggered by **Janet Yellen's warning** regarding an impending **debt ceiling** crisis in the United States. This warning has raised concerns among investors, leading to a bearish sentiment in the market.

### Historical Trends and Future Outlook

Based on historical trends, there appears to be **little hope for a recovery** in the short term. Investors are advised to stay vigilant as the market reacts to ongoing economic uncertainties.

![Bitcoin Price Chart](https://example.com/bitcoin-price-chart.jpg)

As the situation unfolds, it is crucial for crypto enthusiasts to monitor **market conditions** closely and be prepared for potential fluctuations in **Bitcoin's value**.

Janet Yellen's warning of a looming debt ceiling has caused Bitcoin to drop 4.0%, with little hope of recovery soon, based on historical trends.

Bitcoin Takes a Dive: Is the Debt Ceiling Crisis to Blame?

Bitcoin's recent price action has been a rollercoaster ride, with **BTC** circling around **$83,000** as of March 30. After a volatile weekend that saw new **ten-day lows**, Bitcoin managed to recover from a dip to **$81,600**. Data from **Cointelegraph Markets Pro** and **TradingView** indicates that, despite the ongoing struggles in US stock markets, Bitcoin erased much of the recent downturn. Popular trader **Daan Crypto Trades** noted the significant volatility, suggesting that Bitcoin might open Monday where it closed on Friday, as most of the weekend's losses have been retraced.

![Bitcoin Price Action](https://s3.tradingview.com/news/image/cointelegraph:c4c4cb9b7094b-ff93746b074f07b29273e911324baccf-resized.jpeg)

Daan also highlighted the potential for a new gap in **CME Group’s Bitcoin futures markets** due to recent erratic market behavior. While he hoped for a smooth opening without gaps, veteran trader **Peter Brandt** expressed skepticism about the stability of recent lows, suggesting a new lower price target for Bitcoin at **$65,635**.

![Market Analysis](https://s3.tradingview.com/news/image/cointelegraph:c4c4cb9b7094b-d7a4b28ca88e1cc2f7c06f3e59e3928e-resized.jpeg)

Brandt's prediction aligns with other analysts also eyeing the **$65,000** mark. Amidst these discussions, **Keith Alan**, co-founder of **Material Indicators**, raised concerns about a large-volume entity he dubbed **“Spoofy, The Whale,”** who has reportedly been manipulating Bitcoin's price lower. Spoofy utilized overhead liquidity to suppress Bitcoin’s price, preventing it from gaining traction above **$87,500**.

According to Alan, Spoofy has been buying the dip and has bids laddered down to **$78,000**. His observations suggest that while the potential for Bitcoin to drop remains, the whale's strategy indicates a desire to accumulate at lower prices.

![Spoofy the Whale](https://s3.tradingview.com/news/image/cointelegraph:c4c4cb9b7094b-158d962e760e1800549beabcd2b56f2b-resized.jpeg)

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin BINANCE:BTCUSD circled $83,000 on March 30 after weekend volatility brought new ten-day lows.BTC price action deals snap weekend downsideData from Cointelegraph Markets Pro and TradingView showed BINANCE:BTCUSD gradually recovering after a trip to $81,600 the day prior.With no added selling…

Bitcoin's Price Surge: Will Spoofy the Whale's Moves Lead to $65K?

### Meet Jacob Phillips

Jacob Phillips ventured into the crypto world during the **2018 boom**, driven by his passion for **finance and technology**. His journey began at a crypto fund in Cleveland, where he gained profound insights into **blockchain technology** and its potential as major institutions and VCs entered the space.

### A Career on the Rise

In **2020**, Jacob joined **Polychain**, collaborating with top investors to evaluate emerging projects in the rapidly growing **DeFi** sector. Notably, he contributed to investments like **BadgerDAO**, which sought to integrate Bitcoin into decentralized finance but encountered significant structural challenges.

### Founding Lombard

In **2024**, Jacob co-founded **Lombard**, aiming to fill the gaps in Bitcoin's liquidity and staking solutions. While platforms like **Ethereum** and **Solana** quickly advanced in DeFi, Jacob recognized that Bitcoin was lacking a robust developer ecosystem. However, he sees a shift on the horizon with innovative projects such as **Babylon** and **EigenLayer**.

### Lombard's Mission

In this episode of **Blockcast**, Jacob discusses Lombard's mission to facilitate secure, permissionless Bitcoin staking and liquidity via its liquid staking token, **LBTC**. He emphasizes the challenges of achieving **trustless Bitcoin DeFi**, highlighting the need to balance **decentralization** with **institutional security**. Lombard initially targeted **DeFi-native users** before branching out to institutional players, securing both credibility and capital strength.

Jacob Phillip entered crypto in 2018, co-founded Lombard in 2024, focusing on Bitcoin liquidity and staking solutions to bridge DeFi and CeFi

Unlocking Bitcoin DeFi: Insights from Lombard Co-Founder Jacob Phillips

Bitcoin (BTC) is **steadily approaching** the highly anticipated **Chicago Mercantile Exchange (CME) gap close**, with price action aligning with analysts' expectations of a move toward **$83,000**. As Bitcoin corrects from recent highs, a crypto analyst expects a rebound to follow. However, if key support levels fail, further downside could be on the horizon.

**Bitcoin To Drop To CME Gap Close**  
Bitcoin has had a tumultuous year, reaching new **all-time highs (ATHs)** and experiencing significant price breakdowns. Recently, the cryptocurrency surged toward **$89,000** but faced rejection. The top crypto is now pulling back again, with analyst **Astronomer** on X (formerly Twitter) identifying the **$83,000 - $84,000** range as a critical support level.

This vital support zone aligns with the **CME gap close**, a common occurrence in the BTC Futures market where BTC revisits price gaps left when the CME price closes over the weekend and opens on Sundays.  
![Bitcoin Chart](https://s3.tradingview.com/news/image/newsbtc:ded4ac1dd094b-91e16808798faa24880e3821e4abf2db-resized.jpeg)

Astronomer has outlined a long-term trading plan for Bitcoin, expecting the cryptocurrency to consolidate around this support level before bouncing back. He believes that the CME gap close is a **significant technical development** that could influence Bitcoin’s price movements.  
Supporting the expectations of a short-term pullback, historically, a **bearish close** on Friday often leads to **red Mondays or Tuesdays** for Bitcoin. The analyst emphasizes that the market is still in the **pre-New York Open (NYO)** phase, allowing for potential intraday reversals.  
However, he predicts a **late-night drop** during the NYO trading session due to low liquidations and untested support levels. Combined with these factors, Bitcoin’s recent pullback from **$89,000** suggests that its price may not be bullish in the short term.

Based on his Bitcoin price chart, Astronomer considers the **$81,400 - $82,400** range as the worst-case support zone. Bitcoin is expected to revisit this target zone before any attempt at a potential recovery.

**Can Bitcoin Rebound? Take Profit Levels To Watch**  
While Bitcoin’s short-term price action appears bearish, its macro trend remains relatively stable according to Astronomer’s analysis. He has marked a **“long entry” zone** in the chart, indicating the **$83,000 - $84,000** area as a potential buying opportunity if Bitcoin finds support there.  
The analyst predicts that if Bitcoin can hold the CME gap close, a bounce toward the **weekly open price at $86,000** could be the first step toward a much-anticipated recovery. He has also identified key take profit levels marked from **TP1 - TP4** on the price chart, suggesting Bitcoin could surge to a target of **$87,000 - $88,000**.

However, a break below the worst-case support zone could trigger a **bearish sentiment shift**, potentially leading to a deeper price correction.

*Featured image from Gemini Imagen, chart from TradingView*

Bitcoin (BTC) is steadily approaching the highly anticipated Chicago Mercantile Exchange (CME) gap close, with price action aligning with analyst’s expectations of a move toward $83,000. As Bitcoin corrects from recent highs, a crypto analyst expects a rebound to come next. However, if key support…

Bitcoin's Journey to $83,000: Will the CME Gap Close Spark a Rebound?

## Arthur Hayes on Bitcoin's Potential

**BitMEX founder Arthur Hayes** believes that **Bitcoin (BTC)** is poised to reach a significant value before the current market cycle reaches its peak. In a recent interview with **Kyle Chasse**, Hayes discussed the potential for Bitcoin to experience a series of rallies due to an increase in monetary supply.

> “I think Bitcoin is going to hit a **numerically interesting number**. Now, obviously, I put a **$1 million Bitcoin** out there. I hope it hits a $1 million, but maybe it’s like **$666,000**, **$500,000**, or **$250,000** – some round number that in the human mind is significant for some arbitrary reason.”

Hayes further elaborated that this level will likely be reached before we see significant changes in the pace of **fiat money creation**, suggesting it might be time to sell at that point.

### Shifting Market Dynamics

He also posited that Bitcoin's price movements are now more influenced by **fiat liquidity** rather than the traditional halving cycles. 

> “I think that the four-year Bitcoin halving cycle made a lot more sense when Bitcoin was a much smaller asset class... But now that Bitcoin and crypto are a bona fide asset class, they are discussed in every major financial network around the world.”

Hayes argues that Bitcoin has become a critical indicator of **fiat liquidity** globally, a role once held by gold.

> “Now I think Bitcoin has transitioned from this sort of technological digital asset into the best smoke alarm for fiat liquidity that we have globally.”

As of now, Bitcoin is trading at **$84,152**, reflecting a **3.7%** decrease in the last 24 hours.

![Arthur Hayes](https://dailyhodl.com/wp-content/uploads/2022/12/Hayes-Says-Bitcoin-Will-.jpg)

[Watch the full interview here](https://www.youtube.com/watch?v=NzSJilpCzWs)

BitMEX founder Arthur Hayes says that Bitcoin (BTC) will likely hit a massive value before the current market cycle peaks.

Arthur Hayes Predicts Bitcoin Could Soar to a 'Significant Number' Before Market Peak

### Bitcoin's Recent Price Movements
Bitcoin and crypto prices have **dipped** as concerns about inflation and threats of tariffs from U.S. President Donald Trump loom large. The price of Bitcoin has fallen back to approximately **$80,000** after reaching nearly **$90,000** earlier this week, despite the confirmation of significant advancements in the Bitcoin ecosystem.

### Predictions from Crypto Experts
Legendary crypto trader **Arthur Hayes** predicts that the Federal Reserve's actions could trigger a Bitcoin price surge in **April**. This comes as Bitcoin has been outperforming major stocks like **Tesla**.

### Federal Reserve's Strategy
Hayes notes a shift in tone from **Federal Reserve Chair Jerome Powell** at the latest meeting, suggesting that inflationary concerns related to tariffs are **transitory**. The Fed's recent decision to maintain interest rates after initiating a **rate-cutting cycle** indicates a potential return to **quantitative easing**, even amidst the **$36 trillion** U.S. debt crisis.

### Impact of Tariffs on Bitcoin
Trump’s impending tariffs on goods from Canada, Mexico, and China, set to start from **April 2**, may further impact Bitcoin and the broader market. Meanwhile, **Markus Thielen**, founder of **10x Research**, believes a combination of Trump's softened tariff stance and a dovish Fed could set the stage for a Bitcoin rebound toward **$90,000**.

### Conclusion
Overall, the shifting landscape of tariffs and monetary policy from the Fed could play a pivotal role in determining the future trajectory of Bitcoin prices, with increased optimism for a potential recovery in the coming weeks.

Federal Reserve chair Jerome Powell could be about to trigger bitcoin price and crypto market mayhem...

Is a $36 Trillion Fed Move About to Ignite Bitcoin's Next Bull Run?

### Bell County Bitcoin Scam Alert

The **Bell County Sheriff’s Office** is currently investigating a **Bitcoin scam** that is using the department’s name to deceive residents. Two victims have already reported being contacted by scammers who falsely claimed they had an arrest warrant for missing jury duty or other legal matters.

The scammers are employing various tactics, including using the names of actual department personnel and creating fake identities to lend credibility to their schemes. In one recent incident, a victim received a voicemail urging them to call back.

### Details of the Scam

The current scam involves a **request for $25,000** to be moved into a **Bitcoin Kiosk** located at South Ann and Veterans Memorial Boulevard in Harker Heights. Victims reported receiving **text messages** that included instructions on how to transfer the money.

Victims are typically required to stay on the phone throughout the duration of the scam. Some phone numbers associated with the scammers include **682-281-6021** and **254-263-9924**, but authorities warn that any number can be manipulated by scammers.

### Important Reminders

- The Bell County Sheriff’s Office **does not collect money for fines** and **will never ask for payments in Bitcoin or gift cards**.
- If contacted by someone claiming to be from the BCSO, residents are encouraged to **verify the identity** of the caller.

In a recent Facebook post, BCSO urged the public to remain vigilant against such scams and to ensure their safety when interacting with individuals claiming to be law enforcement officers. 

For any inquiries, residents can contact the Bell County Sheriff’s Office at **254-933-5412** or reach out to their local law enforcement.

The department says two victims have come forward saying they’ve been contacted by scammers claiming they have an arrest warrant for either missing jury duty or another legal process.

Bitcoin Takes a Dive: Is the Debt Ceiling Crisis to Blame?

Summary:

Bitcoin drops 4.0% due to debt ceiling concerns.

Warnings from Janet Yellen create a bearish outlook.

Historical trends suggest little hope for recovery soon.

Bitcoin's Recent Decline

Historical Trends and Future Outlook

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