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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestClaim1,200 USDT in the Monthly Creation Challenge Bitcoin faces $240B demand shock as ‘surprise’ tax refunds and new IRS crypt

Claim1,200 USDT in the Monthly Creation Challenge

Bitcoin faces $240B demand shock as ‘surprise’ tax refunds and new IRS crypto rules arrive

Bigger U.S. tax refunds, new crypto rules, and faster payouts are turning refund season into a real-world test of Bitcoin’s retail demand.
Bitcoin has spent the first half of April trading in the low $70,000s, with recent moves through the $71,000 to $75,000 zone keeping the asset close enough to its highs for retail attention to return quickly.

But there’s a more important change happening beneath the surface.

A lot of household cash is moving through the U.S. financial system as today's April 15 tax deadline arrives. This year, tax season is also more complicated for people who own crypto.

This overlap creates a more interesting situation than the usual talk about ETFs or the broader economy.

Recent IRS statistics show just how big the refund channel is now.

By April 3, the IRS had sent out 69.8 million refunds, up 3.1% from last year. The total amount refunded was $241.7 billion, a 14.5% increase, and the average refund rose 11.1% to $3,462.

Direct deposit refunds stood out even more.

The IRS reported 70.3 million direct deposit refunds, totaling $242.9 billion. The average direct deposit refund was $3,454.

That’s real money landing in household accounts at a time when Bitcoin is liquid, easy to access, and familiar enough that even a small investment feels possible for people who follow the market.

This link gets even stronger as the tax deadline approaches.

A recent MarketWatch report said the average refund is now about $351 higher than last year. The IRS has also received over a million fewer returns compared to this time last year.

The same report pointed to late-arriving forms and new crypto reporting rules as reasons for the slower pace of filings.

Together, these factors are changing how people talk about Bitcoin.




Bitcoin faces $240B demand shock as ‘surprise’ tax

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The current Dogecoin performance trend has highlighted the appearance of a rather interesting behavi

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The current Dogecoin performance trend has highlighted the appearance of a rather interesting behavioral pattern.

This has to do with the zig-zag movement of the meme coin through the last few months, and depending on the direction of the next move, it could determine how the Dogecoin price could play out. Given this, a crypto analyst has given three different scenarios that could end up playing out for the digital asset soon. Dogecoin Price Displays Kumo Cloud BehaviorCrypto analyst Trader Tardigarde pointed out a rather ineresting formation on the Dogecoin price chart using the 4-Hour chart. According to the analysis, the current Dogecoin up and down movement suggests the appearance of a Thin Cloud Behavior. As Trader Tardigrade explains, the Dogecoin price movements through this thin cloud suggests that the meme coin is not seeing a lot of movement. This means that there is nothing that is currently blocking the price from moving. But the interesting part of this is that the price is not blocked in either direction. Thus, Dogecoin could push in any direction from here. Related Reading: Bitcoin Millionaires Are Disappearing By The Thousands, And The Figures Are ShockingAs a result, there are three scenarios that could play out for the cryptocurrency at this point. The first of these is the bearish one that could lead to a sustained downtrend. The Thin Cloud current lies between $0.092 and just below $0.093. If the price breaks below the bottom, then it could trigger a breakdown. This breakdown would lead to the cloud actually thickening, eliminating the thin cloud currently being seen. Additionally, it would push the price further down, possibly breaking below the $0.09 level once again. However, there is still the possibility of a bullish scenar,

Trusted Editorial content, reviewed by leading ind

$MEME continuing its narrative-driven push; volatility is high but direction favors buyers. Holding 0.00052 is crucial. TG1 0.00060, TG2 0.00068, TG3 0.00078. #USMilitaryToBlockadeStraitOfHormuz #Cryp

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HTX Community Spring Creation ContestBitcoin Up 2 Weeks: Beginning or End?Claim1,200 USDT in the Monthly Creation Challenge Bitcoin faces $240B demand shock as 'surprise' tax refunds and new IRS crypt

Bitcoin faces $240B demand shock as 'surprise' tax refunds and new IRS crypto rules arrive

Bigger U.S. tax refunds, new crypto rules, and faster payouts are turning refund season into a real-world test of Bitcoin's retail demand.

Bitcoin has spent the first half of April trading in the low $70,000s, with recent moves through the $71,000 to $75,000 zone keeping the asset close enough to its highs for retail attention to return quickly.

But there's a more important change happening beneath the surface.

A lot of household cash is moving through the U.S. financial system as today's April 15 tax deadline arrives. This year, tax season is also more complicated for people who own crypto.

This overlap creates a more interesting situation than the usual talk about ETFs or the broader economy.

Recent IRS statistics show just how big the refund channel is now.

Bitcoin faces $240B demand shock as 'surprise' tax

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According to monitoring by CertiK, the DeFi protocol Rhea Finance has been attacked, with attackers extracting at least $7.6 million in total. The attackers misled the oracle and validation layers by 

Security Agency: Rhea Finance Attacked, Losses Estimated at Approximately $7.6 Million

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The Ethereum Foundation almost went bankrupt before Ethereum was even one year old Ethereum launched in July 2015 The presale raised $18,000,000 in Bitcoin the year before but by the time the network 

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Ripple Developers React to Solana's XRP Post, Something to Watch Out For? source-logo u.today 5 h image Solana continues to double down on $XRP, making new posts regarding the cryptocurrency. Solana t

Ripple Developers React to Solana's XRP Post, Something to Watch Out For?
source-logo  u.today
5 h
image
Solana continues to double down on $XRP, making new posts regarding the cryptocurrency.

Solana tweeted "$XRP" in a new post, catching the attention of the crypto community. Solana ignited speculation with a short four-second clip on X that showcased both the $XRP and Solana branding alongside the simple caption "$XRP."

The official RippleX account reacted to this post with the "eyes" emoji, which might signify something to watch out for. The Solana X account also reacted to this with the eyes emoji.

Ripple Developers React to Solana's XRP Post, Some

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$ME is trading with soft bearish pressure at $0.1023 after a -0.68% move. The weakness is not heavy, but the chart still shows that buyers are not fully in control right now. If price keeps losing sup

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Claim1,200 USDT in the Monthly Creation ChallengeVote to help HTX win & share 300 USDT!Post To Earn BonusAnthropic's Mythos threat to the crypto industry can trigger hundreds of millions, if not billi

Anthropic's Mythos threat to the crypto industry can trigger hundreds of millions, if not billions, of dollars in sudden, irreversible losses.

That is the stark reality facing digital asset markets following Anthropic’s quiet unveiling of Claude Mythos Preview, a vulnerability-seeking AI model the San Francisco startup admits is simply too dangerous to release to the public.

Deddy David, chief executive of blockchain security firm Cyvers, told CryptoSlate about the catastrophic scale of the problem, noting that the financial exposure of AI-driven exploits in crypto ranges from hundreds of millions to billions of dollars.

Anthropic’s secretive Mythos AI can hunt crypto sm

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HTX Community Spring Creation ContestBitcoin Up 2 Weeks: Beginning or End?Claim1,200 USDT in the Monthly Creation Challenge CryptoQuant says bitcoin rally faces rising profit-taking risk as exchange i

CryptoQuant says bitcoin rally faces rising profit-taking risk as exchange inflows jump

CryptoQuant said bitcoin's recent rally is facing rising profit-taking risk as exchange inflows spike and the price earlier reached the $76,000 resistance zone.

Large bitcoin holders are transferring bigger amounts to exchanges, "increasing the probability of near-term selling pressure," CryptoQuant added. Bitcoin's recent rally is now facing rising profit-taking risk, with several onchain indicators showing growing signs saved ling pressure, according to Crypto Quant.

Bitcoin reached above $76,000 on Tuesday, reaching its highest level since early February. The move was supported by earlier undervaluation, a temporary easing in the U.S.-Iran conflict, and weakness in the U.S. dollar, CryptoQuant said in a Wednesday report written by its head of research, Julio Moreno.

The bitcoin price (BTC) has fallen a bit to $74,800 but is testing the traders' onchain realized price at $76,800, a major bear-market resistance level that has historically capped relief rallies as holders near breakeven are incentivized to sell, capping further upside, Moreno noted.

CryptoQuant says bitcoin rally faces rising profit

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