CoinEx Founder Yang Haipo Says Crypto’s Collapse Is Inevitable, And Numbers to Back It Up
Coinpedia·60-word summary·1 min read
CoinEx founder Yang Haipo predicts an inevitable collapse of the crypto industry, including Bitcoin, which he believes will see a significant crash from its current trillion-dollar valuation. Speaking in April 2026, he suggests that despite long-term optimism, industry insiders are increasingly questioning the sustainability of crypto’s growth, citing data to support his bearish outlook.
Bitcoin's weekly close remains a focus after the price failed to revisit $80,000. The cryptocurrency continues to hold its bull market support band, which is seen as crucial for future price action. The inability to reach the $80,000 mark during the weekly candle close highlights ongoing resistance levels, with traders closely monitoring Bitcoin's next moves in the coming weeks.
Juan Leon, Bitwise's senior strategist, stated XRP is shifting from a crypto investment to fintech infrastructure. He noted institutional interest is growing as traditional markets hit new highs, and crypto allocations are increasing beyond the 1% level. This signals a major change in how serious investors view XRP and digital assets overall.
Bitcoin pulled back from its $78,000 peak as geopolitical risks in the Persian Gulf overshadowed institutional buying on April 23, 2026. Meanwhile, Ethereum lagged due to ongoing on-chain risks, and Solana declined 3%, contributing to a 1.6% drop in the broader market cap. The market remains cautious amid geopolitical tensions and risk factors.
Bitcoin surpassed $79,000 amid a broader crypto rally and easing geopolitical tensions. The surge reflects changing market dynamics that could impact future investment strategies and economic policies worldwide. The price increase highlights renewed investor confidence in Bitcoin, driven by positive geopolitical developments and a favorable market environment as of April 2026.
Bitcoin fell below $76,000 following Iran's closure of the Strait of Hormuz on April 23, 2026, causing market caution. The geopolitical event prompted a shift in investor sentiment, leading to a bearish trend as Bitcoin struggled to maintain its value amid broader crypto sell-offs. Investors are now reallocating funds toward more stable assets like Varntix fixed income yields.
The US government operates a Bitcoin node, according to Admiral, but it is not involved in mining Bitcoin. The statement clarifies that while the government maintains a node for network participation, it does not engage in the mining process. This development highlights ongoing government interest in blockchain infrastructure without direct involvement in cryptocurrency mining activities.
