π― On the news of new tariffs for China, it would be great to see a squeeze down to the daily imbalance and the key level at the old ATHπ
This is a stage where large players are building up positions
π
Weβve already drawn a SPRING (
final drop before a move up
πΌ
), and overall, following the schematic, we can expect a positive trend in the market β at the very least, the technical setup is clearly pointing in that direction
π
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JUST IN: OpenSea is urging the SEC not to regulate NFT platforms as securities exchanges, arguing that NFTs are digital collectibles and stricter rules could stifle innovation in the Web3 space, per report.
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OPINION: Cardano founder Charles Hoskinson told CNBC he believes Bitcoin could surge to $250,000 in 2025 as tech giants like Microsoft and Apple enter the crypto space.
RECENTLY: Grayscale and Osprey agreed to settle their two-year legal dispute over Bitcoin ETF promotion, with Osprey set to withdraw its appeal after finalizing documentation, according to an April 9 court filing.
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Good morning!
The market is on the upside today, with most alts in the green. BTC is now trading around $83,330. ETH is around $1565.
β Fear/Greed index: 43 - fear
π Morning news roundup:
- BlackRock reports $3 billion in inflows into digital asset ETFs in the first quarter of 2025.
- Swedish lawmaker proposes adding BTC to national currency reserves.
- SEC releases new statement on crypto security proposals.
- Hedge funds boost bond yields amid stock selloff.
- President Trump is open to a trade agreement with China.
The market is on the upside today, with most alts in the green. BTC is now trading around $83,330. ETH is around $1565.
- BlackRock reports $3 billion in inflows into digital asset ETFs in the first quarter of 2025.
- Swedish lawmaker proposes adding BTC to national currency reserves.
- SEC releases new statement on crypto security proposals.
- Hedge funds boost bond yields amid stock selloff.
- President Trump is open to a trade agreement with China.
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ANALYSIS: Standard Chartered forecasts XRP could surge over 500% to $12.50 by 2028, driven by institutional adoption, regulatory clarity, and tokenization, with potential ETF approval and XRP possibly overtaking Ethereum in market cap.
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2β€1β‘1π―1
JUST IN: Despite investor denials of pre-crash OM token dumping, on-chain data reveals that over $590 million worth of OM was transferred to centralized exchanges in the week preceding the token's 98% crash, indicating significant sell-off activity by large holders. π
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JUST IN: Real estate firm Janover has bought another 80,567 SOL worth $10.5M, bringing its total treasury holdings to 163,651 SOL.
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RECENTLY: According to crypto analytics firm DappRadar, crypto users have lost nearly $6 billion β a 6,499% increase from early 2024 β with $5.5 billion tied to Mantraβs OM token incident, despite fewer rugpulls in 2025.
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β οΈ Analysts are currently lowering targets for the SP500 more rapidly than during the 2020 pandemic, according to Bloomberg.
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JUST IN: πͺ Solana surged 4.5% as Canada launched North America's first spot Solana ETFs, driving institutional interest and helping π€ π€ π€ reclaim decentralized exchange dominance over Ethereum.
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