April bitcoin futures prices declined in early U.S. Trading Thursday, reversing a recent upward trend, according to Kitco News. The shift comes after a five-week high reached earlier in the week following a technically bullish weekly close on Friday.
The price adjustment follows a period of fluctuating activity in the bitcoin market. Kitco News reported March 18 that prices were trending upward, and on March 16, bulls were observed working to establish a price uptrend. Prior to that, on March 12, the market was described as quieter, with sideways trading dominating activity.
The cryptocurrency market developments occur as crypto exchange Kraken has reportedly frozen its initial public offering (IPO) plans, according to CoinDesk, as reported by Kitco News on March 18, 2026.
Meanwhile, in the precious metals market, Antalpha is moving to realize a $100 million profit from its investment in Tether Gold (XAUt). The fintech firm purchased $241 million worth of XAUt in September, representing 1.8 tonnes of physical gold, at an average price of $3,693 per ounce. Rising gold prices in late 2025 and early 2026 have generated the substantial profit, Kitco News reported March 11.
Kitco News provides investment news and analysis across precious metals, cryptocurrencies, commodities, finance, geopolitics, and technology. Recent podcast episodes featured discussions on the potential for a systemic risk in the private credit market, as highlighted by Stephanie Pomboy, and the possibility of a silver squeeze driven by institutional investment in mining equities, as discussed by Peter Krauth on March 12.
The Federal Reserve began a two-day policy meeting Thursday, facing challenges related to rising oil prices, weak jobs data, and stress in the credit markets, as discussed in a Kitco News podcast on March 17.
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