From Yahoo Finance: 2025-03-30 12:20:00

The cryptocurrency market takes a hit, losing over $160 billion since Friday due to various factors like tariff threats and economic concerns. However, April historically brings positive returns for bitcoin, with an average 27% increase, signaling a potential bullish setup for the second quarter.

Analyst Omkar Godbole suggests that April’s historical returns could be a positive sign for the crypto market, especially when combined with other indicators like the recent stop in selling by long-term holders. Mt. Gox’s transfer of a significant amount of bitcoin to centralized exchange wallets may create fear of creditors’ liquidations, leading to market volatility.

Deribit CEO Luuk Strijers highlights a potential short-term risk with Mt. Gox transferring BTC to Kraken, which could result in selling pressure or market volatility. Despite the current market situation, a trillion-dollar investment manager believes it’s a good time to buy bitcoin.

Read more: Will April Bring Good Luck or Fool’s Hope for Bitcoin?