It’s lunchtime again, so time to bring you up to date on the live Bitcoin price, the prices of the top 25 crypto and current Bitcoin developments. Today an update on MetaMask and Noncustodial wallets, a Bitcoin threat and key prices to watch out for.
We begin with the live Bitcoin price and the prices of the top 25 crypto currencies.
Live Bitcoin price rises in positive crypto market
At the time of writing, the live Bitcoin price is quoting EUR 39,079.44 ($42,238.07). This is 1.02% higher than during our Bitcoin lunch yesterday.
The prices of most of the top 25 crypto are also rising. We see some crypto coins with losses. Near Protocol (NEAR) is currently losing the most at -5.37%. The biggest gain of the day so far is Bitcoin. On the site of Tradeincrypto.com you can view all live crypto prices 24 hours a day.
Do noncustodial wallets make a cryptoban impossible?
We saw yesterday that the MetaMask wallet is vulnerable because this online wallet itself stores the crucial seed-phrase on its user’s iCloud. This makes the wallet susceptible not only to cybercriminals, but also to governments seeking to ban crypto. They can block this and other online wallets by prohibiting the app stores of parties such as Google and Apple from including crypto apps. This is different with so-called noncustodial wallets.
Hardware and desktop wallets are in fact independent of an internet connection. To confiscate or block these, one would have to physically visit the doors to make them unusable. This is not a realistic scenario due to all kinds of regulations, including privacy regulations.
In addition, there will always be countries that have an interest in using noncustodial wallets to circumvent sanctions, for example.
Based on this, several developers argue that a crypto or Bitcoin ban is impossible due to these noncustodial wallets.
BTC threatened? Price to $100?
John Hawkins, associate professor at the University of Canberra is sounding the alarm. Unlike many other experts, he thinks there is a threat to Bitcoin’s survival.
He attributes this to the law of inhibitory advantage. Whereas other crypto-currencies are developing all kinds of applications aimed at the future (e.g. processing smart contracts, dApps, Metaverse and DeFi), he sees Bitcoin only fulfilling the function of a currency. He therefore thinks that Bitcoin’s popularity will decline and its leading position in the market will disappear in the future.
Asked about the value development of the largest crypto currency, he sees the value of the currency dropping to $5,000 in 2025 to stand at $100 in 2030.
Bitcoin price in the short and long term
The Bitcoin price is above $41,500 for the time being, making it bullish. A previous attack on the resistance formed by the 50-day moving average (at $42,159) failed, so that is still the first resistance that is important for BTC investors. If this hurdle is overcome, there is room for price increases towards the psychological barrier of $45,000 and the upper side of the ascending Bollinger Bands at $47,780. There is little room for a decline as the bottom of the range is around $39,000.
However, the longer-term outlook is still bearish. Surveys of experts (where John Hawkins also sounded his warning) show that they expect the price to reach $65,185 by the end of this year. This is 15% lower than in January, when they still expected a closing price of $ 76,360.
The expectation for the Bitcoin price by the end of 2025 is also more bearish. In January, they thought it would be at $192,800. Now (in April) the value is 7% lower in their view with an expectation of $179,280.
For the end of 2030, they are more bullish though. Whereas their expectation in January was $ 406,400, it is now 3.41% higher at $ 420,240. You can access the entire study with explanations and details here.
Anyway, there is plenty of action to be expected in the coming time. We will of course continue to report on developments in Bitcoin and other crypto.
Want to stay up to date with the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”
