As the market quit its sneezing fits, the US spot Bitcoin ETFs started a fresh run of inflows, the second month of sunlit profits in a row. The flagship coin climbed 11.8% in April, waltzing from the $68,000 neighborhood up toward the $78,000-$79,000 ridge for the first time since February, the stoutest monthly gain in a year, as per CoinGlass.
So, Bitcoin decided to take a little hop off the daily TBO fast line, like a frog avoiding a particularly slow-moving predator. It managed a 0.75% bounce on Thursday, followed by a modest 0.5% gain into May. April closed at 11.81%, which, let’s be honest, is the kind of number that makes even the most jaded crypto enthusiast sit up and take notice. But MooninPapa, the crypto oracle who tweets more than a caffeinated pigeon, isn’t impressed.
His words, like a finely crafted sonnet, lend gravitas to the voracious appetite of Strategy and its kin, who amass Bitcoin with the fervor of a miser clutching his gold.
AMD increased its committed power capacity with Riot to 50 megawatts, with the possibility of expanding it to 150 megawatts, based on first-quarter financial results. Riot estimates this agreement could bring in approximately $636 million over the next ten years.
SUI, that scrappy little token, is gaining traction-or so they say. Its daily chart, a labyrinth of lines and numbers, shows a deep Fibonacci pullback near a wider trend support area. A confluence of technical mumbo-jumbo, if you will. The token hovers near $0.9256 against USDT on Binance, while traders-those eternal optimists-watch the $0.50 support level and the $1.4434 resistance zone like hawks circling their prey.
The proceeds, we are assured, shall be consecrated to the altar of progress: protocol research, ecosystem development, and the munificent grants that sustain the community. A noble endeavor, indeed, though one cannot help but wonder if the Foundation, in its prudence, has not also spared the market from the tempest of volatility. For what is a multisig wallet but a shield against the capricious winds of trade?
Wirex now uses the Stellar network to process stablecoin card payments, connecting Visa transactions with both USDC and EURC for faster and more efficient settlements.
American stock markets experienced significant growth in April, with all four major indices rising sharply thanks to strong company earnings and positive investor sentiment.
Brent crude, that stubborn old man of commodities, trades above $120 per barrel, yet markets ascend, as if investors have chosen to hum a merry tune while ignoring the thunderclouds. Ah, the folly of optimism!
The tariffs kick in next week, but don’t worry, if your car was made in a U.S. plant, you’re safe. Germany and Italy are sweating the most, while Brussels is still trying to figure out if it should retaliate or just send Trump a strongly worded letter. Spoiler: strongly worded letters are his kryptonite.