Bitcoin’s Dashing Day: Epic Gains or a Tiny Canary Fiasco? 🚀

Bitwise’s chief optimist, Mr. Matt Hougan, is positively giddy about Bitcoin (BTC), despite the global game of tariff tag that’s got markets feeling a tad wobbly.

In a fresh chat with Scott Melker, Hougan declares that BTC is the “canary in the coal mine,” gallantly blazing a trail for all other assets these past few months. 🐤

“It’s the first thing people want to clobber when bad news strikes, yet it refused to drop beneath its old high-water mark — quite the resilient little bird, isn’t it?

Meanwhile, tariffs throw tantrums all around, weakening hapless fiat currencies. That only bodes well for Bitcoin’s prospects.

If we slip into a comfy spell of stability, I’d wager BTC will rip upward with the gusto of a pantomime horse. Whether that stability happens soon or not, dear readers, is another matter entirely.”

At press time, the top crypto sits regally at $78,146, posting a mild 1% ascent over the past day though nursing a rather dramatic 9% dip from a week ago. 😇

On the tariff front, Donald Trump recently tangoed back from more bluster, granting a 90-day reprieve. Because why not keep everyone guessing, right? 🤨

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2025-04-10 15:02