Bitcoin (BTC) Price Holds Strong Near $84.6K— Panama & ETFs Fuel Bulls

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights

Konstantin Richter, CEO of crypto infrastructure firm Blockdaemon, is calling on project founders to introduce professional governance frameworks.

In an interview with TheStreet, Richter argued that the absence of formal structures—like boards of directors—has hindered institutional trust.

Richter said:

“Institutions aren’t comfortable with crypto projects having a decentralized autonomous organization (DAO) structure, especially when it lacks the oversight and accountability that's standard in traditional finance.”

He went on to cite high-profile failures like FTX and recent scandals involving HAWK and Mantra’s OM, which he said highlight the need for greater diligence from investors.

According to Richter, a lack of governance has kept mainstream financial institutions like JPMorgan and Goldman Sachs from engaging with crypto projects in a meaningful way.

“Decentralization is essential, but accountability through governance is what brings in the big players,” he added.

Improved governance could encourage greater institutional adoption of Bitcoin (BTC), potentially reinforcing long-term price strength and industry credibility.

Bitwise Launches 4 Crypto ETFs on London Stock Exchange

In a major move for European crypto exposure, Bitwise Asset Management has launched four new exchange-traded products (ETPs) on the London Stock Exchange (LSE):

* Bitwise Core Bitcoin ETP

* Bitwise Core Ether ETP

* Bitwise USDC ETP

* Bitwise ETH Classic ETP

All are physically backed and secured in cold storage with third-party oversight. Bitwise’s expansion is aimed at meeting rising institutional demand across the UK and EU.

“Institutions want regulated, transparent crypto exposure—and we’re here to deliver that,” said Bitwise Europe President Bradley Duke.

This move is a bullish signal for Bitcoin’s legitimacy and broader financial integration.

Panama City to Accept Crypto for Taxes and Fees

Panama City has officially joined the growing list of crypto-forward municipalities. As of April 15, residents can pay taxes, fees, and permits using BTC, ETH, USDC, and USDT. Payments are automatically converted to USD via a local banking partner.

Mayor Mayer Mizrachi's announcement ties into a broader narrative of municipal-level innovation, which has seen cities like Lugano, Colorado, and Vancouver introduce similar crypto support.

This development marks another milestone in Bitcoin’s real-world utility and underscores its evolving role in public finance and inflation-hedging strategies.

Bitcoin Price Holds Support Near $84K

From a technical perspective, Bitcoin is holding bullish structure above the $84,135 support and the 50-period EMA, despite light trading volume. The RSI at 53.9 signals neutral momentum with room for a breakout.

A push above $85,508 could ignite a rally toward $86,446 and $87,416.

Bitcoin Potential Trade Setup:

* Support: $84,135

* Resistance: $85,508

Tip: Wait for a full candle close with strong volume above resistance before entering.

Bottom Line

With calls for improved governance, a growing number of ETF offerings, and expanding municipal adoption, Bitcoin’s long-term fundamentals are strengthening. While price remains range-bound for now, the broader narrative continues to build in favor of further institutional engagement and upside potential.