It’s lunchtime again, so it’s time to update you on Bitcoin price live, top 25 cryptocurrency prices and current Bitcoin developments. Today, an update on MetaMask and Noncustodial wallets, a Bitcoin threat, and key quotes to watch out for.
We start with the live Bitcoin price and the prices of the top 25 crypto currencies.
Live Bitcoin Price Rises on Positive Crypto Market
At the time of writing, the live Bitcoin price is trading at EUR39,079.44 ($42,238.07). This is 1.02% higher than during our Bitcoin lunch yesterday.
The prices of most of the top 25 cryptocurrencies are also on the rise. We see some crypto currencies at a loss. Near Protocol (NEAR) is currently the biggest loser at -5.37%. The biggest gain of the day so far is Bitcoin. On the Tradeincrypto.com site you can see all cryptocurrency prices live 24 hours a day.
Do non-custodial wallets make a cryptocurrency ban impossible?
Yesterday we saw that the MetaMask wallet is vulnerable because this online wallet stores the crucial seed phrase in its user’s iCloud. This makes the wallet not only susceptible to cybercriminals, but also to governments that want to ban cryptocurrencies. They can block these and other online wallets by banning the app stores of parties like Google and Apple from listing crypto apps. This is different with so called non-custodial wallets.
Hardware and desktop wallets are independent of an internet connection. To confiscate or block them, you would have to physically go to the gates to disable them. This is not a realistic scenario based on all kinds of regulations, including privacy regulations.
Furthermore, there will always be countries that have an interest in using non-custodial wallets to evade sanctions, for example.
Based on this, several developers claim that a ban on cryptocurrencies or Bitcoin is impossible due to these non-custodial wallets.
BTC threatened? $100 fee?
John Hawkins, associate professor at the University of Canberra, sounds the alarm. Unlike many other experts, he believes that there is a threat to the survival of Bitcoin.
He attributes this to the law of braking advantage. Where other cryptocurrencies develop all kinds of applications that are focused on the future (such as smart contract processing, dApps, Metaverse and DeFi), he sees Bitcoin only fulfilling the function of a currency. Therefore, he believes that the popularity of Bitcoin will decline and the leading position in the market will disappear in the future.
When asked about the development of the value of the largest crypto currency, he sees that the value of the coin will fall to $5,000 in 2025, to reach $100 in 2030.
Bitcoin price in the short and long term
Bitcoin price is currently above $41,500 which makes it bullish. An earlier attack on the resistance formed by the 50-day moving average (at $42,159) failed, so it remains the first resistance of interest to BTC investors. If this hurdle is cleared, there is room for price rallies towards the psychological limit at $45,000 and the upper side of the ascending Bollinger Bands at $47,780. There is little room for a drop as the bottom of the range is around $39,000.
However, in the longer term, the outlook remains bearish. Research among experts (which also included warning from John Hawkins) shows that they expect the price to reach $65,185 before the end of the year. This is 15% lower than in January, when they expected a closing price of $76,360.
The forecast for the price of Bitcoin at the end of 2025 is also more bearish. In January, it was thought to be at $192,800. Now (in April) the value is in his eyes 7% lower with an expectation of $179,280.
They will be more bullish before the end of 2030. Where their January expectation was $406,400, it is now 3.41% higher at $420,240. The full study with explanations and details can be found here.
In any case, a lot of action is expected in the near future. We will of course continue to report on developments in Bitcoin and other cryptocurrencies.
Want to stay informed of the latest price changes?
You can always follow the developments yourself with our WANT crypto analyzes or feature articles and previews on the crypto market and Bitcoin. Of course, you can also follow live prices 24 hours a day if you want to stay informed in real time. Are you also interested in other investments besides cryptocurrencies? So our weekly price forecast on Monday morning may be some reading advice. †Note: We never provide financial advice, so you may not interpret our contributions in that way. Always do your own research and make rational decisions about if, when, what and how much you want to invest in.”
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