Day: April 21, 2025

SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK

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The US Dollar Index (DXY) plunged below the 98 level on April 21, falling to a three-year low. That catapulted gold to a new all-time high, and Bitcoin (BTC) also showed strength, rising above $88,000.  BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes believes it may be the “last chance” to buy Bitcoin below $100,000. Hayes expects the Federal Reserve to announce US Treasury buybacks, which will act as a “Bazooka” for Bitcoin’s price trajectory. Daily cryptocurrency market performance. Source: Coin360 The whales seem ready for the move higher,…

Consensys, Solana, Uniswap CEO donated to Trump’s $239M inauguration fund

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New filings from the Federal Election Commission (FEC) reveal that several cryptocurrency firms and their executives made significant contributions to US President Donald Trump’s inauguration fund after the results of the 2024 election.  According to FEC filings made public on April 20 by the Trump-Vance Inaugural Committee, Uniswap CEO Hayden Adams donated more than $245,000, Solana Labs donated $1 million, and software firm Consensys sent $100,000 in January to support the then-president-elect’s inauguration. Many major crypto firms had previously announced their support of Trump through donations to the inaugural fund,…

XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst Charting Guy (@ChartingGuy), posting to X on April 20, has mapped the daily XRP/US Dollar chart on Bitstamp onto a textbook Wyckoff re‑accumulation schematic and argues that…

Bitcoin price tops $88.5K as BTC doubles down on stocks decoupling

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Bitcoin (BTC) doubled down on its divergence from stocks at the April 21 Wall Street open as US trade war tensions escalated.  BTC/USD 1-day chart. Source: Cointelegraph/TradingView Trade war reactions fuel BTC price gains Data from Cointelegraph Markets Pro and TradingView showed BTC/USD matching month-to-date highs above $88,000. Bitcoin continued higher after the weekly close to catch up with gold as the latter set fresh all-time highs of $3,430 per ounce. XAU/USD 1-hour chart. Source: Cointelegraph/TradingView By contrast, stock markets came under renewed selling pressure, with the S&P 500 and…

Unlocking the potential of dormant Bitcoin in DeFi

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Opinion by: Amitej Gajjala, co-founder and CEO of KernelDAO Bitcoin is the principal asset of the cryptocurrency world and even one of the world’s top 10 most valuable assets, recognized for its role as a store of value. Yet a huge percentage of the Bitcoin (BTC) supply remains dormant for years, meaning the crypto market only works with a fraction of the circulating supply each year.  This idle Bitcoin has an enormous amount of untapped financial potential. Bitcoin’s principal narratives are “store of value” and “never sell.” Today’s decentralized finance…

Shiba Inu (SHIB) Burn Rate Skyrockets 825% Amid Developer’s Warning About TREAT

Key Notes Shiba Inu burn rate shot up 825% with a massive 26.48 million tokens being burned. Developer Kaal Dhairya warned that the TREAT token is not on Base or Solana networks. Core team member Lucie also spread word regarding an increase in scammers and SHIB imitators. The Shiba Inu (SHIB) community witnessed a dramatic increase in the token’s burn rate over the past 24 hours, with data from Shibburn indicating an impressive 825% increase. A substantial 26,481,246 SHIB tokens were removed from circulation, potentially impacting the cryptocurrency’s supply dynamics.…

SNX Price Soars 7% as Synthetix Founder Talks Tough on sUSD Depeg Fix

Key Notes Synthetix (SNX) has skyrocketed 7% in the past day, reaching a daily high of $0.6851. SNX has formed a falling wedge pattern on the daily chart, suggesting a breakout to $1.82. Overall, SNX is down more than 21% in the past week after the depeg of sUSD stablecoin. The price of Synthetix’s native token SNX Snx $0.68 24h volatility: 6.2% Market cap: $230.73 M Vol. 24h: $26.67 M experienced a significant surge of 7% in the last 24 hours, reaching a daily high of $0.6851. This upward movement…

Coinbase-Backed Zora to Airdrop ZORA Tokens on April 23. After a Week of Contentious Promotions

Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…

South Korea’s Central Bank Pledges to Play an Active Role in Shaping Stablecoin Legislation

Key Notes The Bank of Korea plans to actively contribute to stablecoin regulation discussions in South Korea. The central bank raised concerns that stablecoins could disrupt monetary policies if used as a payment method. South Korea is set to draft a new crypto law in 2025, including stricter guidelines for stablecoins. The Bank of Korea has announced its intention to take a proactive role in shaping the government’s regulations on crypto usage in the country. In its “2024 Payment and Settlement Report,” the bank plans to provide input on stablecoin…