Bitcoin’s censorship resistant, decentralized setup strengthens individuals by promoting peer-to-peer transactions without government interference or corporate management.
You’ve probably heard it many times from Bitcoin Maxi.
The idea is that today resonates even more strongly in light of reports that President Donald Trump is exploring ways to remove Jerome Powell, the chairman of the world’s most powerful central bank.
Kevin Hassett, director of the National Economic Council, spoke about Trump’s intentions on Friday, with the market responding early on Monday by selling dollars and US stock futures. The dollar index, which tracks currency exchange rates against major Fiat currencies, slipped to a three-year low of 98.00, touching on a new high of over $3,400 per ounce.
Bitcoin has risen above $87,000, confirming that a bullish breakout from recent sideway training suggests more profits between $83,000 and $86,000. The rise has led to Games, AI and Memecoins overshooting other sectors in the crypto market. Small tokens like EnJ and Magic made profits by over 50% in 24 hours. The mantra still hit 15%.
“The weaker dollar can attract new attention from American investors and highlight the potential of Bitcoin as a hedge against the decline in dollar value,” said Matrixport, a cryptocurrency services platform.
On-chain data has been warned of rising volatility as a potentially close to $90,000. “The cost-base cluster shows little overhead supply below that range, meaning that the market could move faster before a larger tranche of holders reaches disruptively and earns profits.
In other news, Charles Schwab CEO Rick Worster said the financial services company is “hopeful and likely” to support spot crypto trading within the next year. Wurster said more and more clients are looking for information about cryptographic information.
Slovenia’s Treasury Ministry has proposed a 25% tax on capital gains on profits from selling Fiat’s cryptocurrency and using tokens on goods and services. It is proposed that the tax will come into effect from 2026.
Vitalik Buterin, co-founder of Ethereum Blockchain, proposed replacing the Ethereum Virtual Machine (EVM) with RISC-V. Buterin said the proposal addresses one of Ethereum’s important scaling bottlenecks by dramatically improving the efficiency and simplicity of smart contract execution.
Speaking of Ethereum, we were briefly behind its main rival, the Solana Network, in terms of the full pile value of each native token, ETH and SOL. Uniswap founder Hayden Adam warned that when he went back to relying on a Layer 1 Box chain instead of a Layer 2 scaling product, Ethereum could fall behind Solana.
In macro news, China said it would retaliate against countries that work with us to isolate Beijing in the trade war that Trump has begun. Keep alerts!
Governance votes and phone calls
Unlock
April 22: Metars Genesis (MRS) unlocks 11.87% of its distribution supply worth $127.9 million.
April 30: Optimism (OP) unlocks 1.89% of distribution supply worth $22.78 million.
May 1: SUI (SUI) unlocks 2.28% of its distribution supply worth $16,797 million.
May 1: Zetachin (Zeta) unlocks 5.67% of its circulation supply at 5.67%, worth $10.57 million.
May 2: Ecena (ENA) unlocks 0.73% of its circulation supply worth $1,212 million.
Token launch
April 21: Balances (EPT) listed in Bitget Bybit, Kucoin, Gate.io, Lbank, MEXC, BINGX.
April 22nd: Airdrop Hyper Tokens from Hyper Lane.
April 22: BNB listed in Kraken.
By Shaurya Malwa
Bitget, a centralized Crypto Exchange, reverses and compensates transactions with “abnormal trading” in the persistent futures market for Voxel, a token linked to the polygon-based RPG game Voxie Tactics.
Earlier on Sunday, Voxel’s trading volume surged beyond Bitcoin’s 24-hour volume. This is the 723rd largest cryptocurrency by market capitalization, but it has skyrocketed token values over 300% in a week.
X users claimed six-figure profits from their $100 investment, and thought it had surged into a potential bug in Bitget’s market-making robot. Trade rollbacks can erase these profits.
Bitget’s investigation revealed the possibility of market manipulation by certain accounts, prompting the exchange to activate its risk control system and plan a trade rollback within 24 hours.
Any affected users who suffer the loss will be compensated and Bitget continues its investigation.
Open interest on futures across the market rose to $37.22 billion, according to VELO data. This diagram represents open interest in all coins listed in Binance, Bybit, OKX, Deribit, and Hyperliquid.
ETH is the top performance key token in terms of BTC and Link continuing in terms of open profit growth in futures.
Speaking of OI-Ai-Adjustified cumulative volume Delta, ETH leads the pack with the highest positive readings, implying an influx of purchase pressure in the market.
In DERIBIT, the reversal of BTC and ETH risk has flattened short-term and near-expired expiration dates and recovered from recent sustained negative prints representing bias in protective put options.
BTC is up 3.19% from 4pm on Sunday at $87,270.44 (24 hours: +3.63%)
ETH increased by 2.54% to $1,631.90 (24 hours: +3.17%)
Coindesk 20 is up 0.8% at 2,268.01 (24 hours: +3.77%)
Ether CESR Composite Staking Rate Increases 47 bps at 2.47%
BTC’s funding rate is 0.0044% (annual rate of 4.776%) in terms of vinanence.
Coindesk 20 members performance
DXY is down 1.11% at 98.26
Gold increased by 2.04% to $3,395.65 per ounce
Silver is up 1.12% to $32.89/ounce
Nikkei 225 closed -1.3% at 34,279.92
Hang Seng closed +1.61% at 21,395.14
FTSE is closed at 8,275.66
Euro Stoxx 50 is closed at 4,935.34
DJIA finished Thursday – 1.33% at 39,142.23
S&P 500 closed at 5,282.70 +0.13% closed
Nasdaq closed -0.13% at 16,286.45
S&P/TSX Composite Index closed 0.36% at 24,192.81
S&P 40 Latin America closed +1.64% at 2,383.75
The US 10-year financial ratio has not changed at 4.33%
E-Mini S&P 500 futures fell 1.04% at 5,275.00
E-Mini Nasdaq-100 futures fell 1.16% at 18,168.25
E-Mini Dow Jones Industrial Average Index Futures is down 0.92% at 38,969
BTC dominance: 64% (0.23%)
Ethereum to Bitcoin ratio: 0.1873 (0.54%)
Hash rate (7-day moving average): 858 EH/s
Hashpris (spot): $45.22
Total Fee: 5.48 BTC/$479,045
CME Futures Open Interest: 141,280 BTC
BTC priced in gold: 25.7 oz
BTC vs. Gold Market Cap: 7.2%
Daily price chart with BTC/USD trading volume and 7-day volume MA. (coinglass)
Bitcoin’s breakout set the ongoing movement stage at $90,000.
However, trading volumes are pervasive, suggesting that there is less participation in price recovery.
Low volume rallysers are often short-lived.
Strategy (MSTR): Closed on Thursday at $317.20 (1.78%), up 3.13%, and is on the market at $327.12
Coinbase Global (Coin): $175.03 (1.64%) to close at $1.4% increase at $177.49
Galaxy Digital Holdings (GLXY): Closed at C$15.36 (-1.41%)
Mara Holdings (Mara): Closed at $12.66 (2.76%), up 2.69% at $13.00
Riot Platforms (Riot): Closed at $6.46 (1.57%), up 2.63%
Core Scientific (CORZ): Closed at $6.63 (0.61%), down 0.45% at $6.60
CleanSpark (CLSK): Closed at $7.51 (3.16%), increasing 1.86% to $7.65
Coinshares Valkyrie Bitcoin Miners ETF (WGMI): Closed at $12.04 (1.09%), up 2.41% at $12.33
Semler Scientific (SMLR): Closed at $32.49 (4.79%)
Exodus Movement (Exod): Closed at $36.58 (-1.64%), up 2.1% at $37.35
The US stock market closed on Friday.
Prices and volumes of the top 20 digital assets
Risk inversion for XRP options. (Deribit/Amberdata)
Short-term and near-term risk reversals for XRP continue to be priced negatively.
Pope Francis, the voice for the poor who changed the Catholic Church, dies at 88 (CNN). The first Latin American Pope passed away a few weeks after returning to public life after a life-threatening incident of pneumonia.
China vows to retaliate against the country following the US call to quarantine Beijing (CNBC). China accused Washington of “unilateral bullying” and said it would respond to tariff transactions that undermine its profits in order to warn that there is a risk of returning world trade to “jungle laws.”
According to Nick Ruck of LVRG Research, BNB, SOL and XRP spikes are rising as the bitcoin “digital gold” story comes back (Coindesk): The correlation between Bitcoin and US stocks appears to be weakening as they track gold while stocks are declining.
Stablecoin Giant Circle launches a new payment and remittance network (Coindesk). The Fintech company will unveil new payments and cross-border remittance products on Tuesday.
More than $380 million cryptography stolen during Bybit’s $1.4 billion hack has now become dark (Coindesk): Exchange CEO said 27.6% of the funds stolen by North Korean Lazarus group “flowed into the mixer and flowed through the bridge into P2P and OTC platforms.”
Bitcoin’s breakout signal BTC could potentially rise to $90K-$92K: Technical Analysis (Coindesk): Bitcoin’s price has skyrocketed above $87,000, breaking a one-week consolidation between $83,000 and $86,000. Target range previously served as a strong support zone.
Bitcoin price range in the fourth half cycle:
CEO Schwab plans to start direct spot Crypto trading in the next 12 months…
Bitcoin does not have the risk of counterparty.
Capital inflows into the Crypto market have plummeted to 70% in the last two weeks, down from $820 billion to just $2.38 billion!
This brings the total gold reserves in China to a record 2,292 tonnes.
