Cryptonews

Now, here’s where things get spicy. Bitcoin might be working on what they call a “five-wave move” from the April low. If this is true, then we’re all about to get rich—well, at least if you bought in early enough to avoid crying into your coffee every morning. But, if it turns out to be a “three-wave structure” instead, then congratulations, you’re stuck in a bear market, and that recent uptick? Just a little blip before the crash. Welcome to the party!

So, there’s this guy, Axel Adler Jr. – you’ve probably heard of him, or maybe not, but he’s got some juicy insights into the Bitcoin market. This time, he took to X to spill the beans on what’s really going on behind the scenes.

Peirce wasn’t having any of it, though. She absolutely roasted the lack of clarity plaguing investment advisers and brokers. These poor souls are constantly wondering, “Does this crypto asset count as a security? Which custodian should I trust? And is anyone else panicking right now?” She made it clear that this “regulatory limbo” isn’t just a buzzkill for innovation—it’s actively smothering the potential for a vibrant crypto market. “Let’s turn the lights on and build some actual walkways over this lava,” she declared, as if anyone was actually asking for advice on how to cross a volcano.

While the common rabble fawn over bitcoin, as if it were the sole suitor worth their gaze—especially under Trump’s command to crown it a reserve treasure—other tokens twirl upon the stage, making their own whispers heard. Lo, Solana pirouettes grandly, accompanied by firms who trumpet their purchases and courtship of this sparkling gem.

It’s no surprise that such price action is happening amid a tidal wave of institutional capital pouring into Bitcoin ETFs. A mind-boggling $3 billion flowed in for the week ending April 25, marking the second-largest weekly inflow since these ETFs first saw the light of day. It’s also the first full week of consistent inflows in five weeks, hinting that, just maybe, the institutional crowd is warming up to the idea of this digital gold. 🤑

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Let’s talk numbers! Stablecoins are on fire 🔥. According to some so-called “experts” (I mean, who are these guys, really?), stablecoins are now handling more transactions than Visa! In 2024, stablecoin transaction volumes surpassed that of Visa, and if that doesn’t make you sit up straight, then you’re probably still using a fax machine. 🤔

Over the course of seven days, it surged by more than 11%, market cap creeping just shy of the unfathomable $1.88 trillion. Social media roared—a digital campfire where prophets and madmen alike claim the throne of $100K and beyond. Yet, amidst this cacophony, the wary seasoned voices murmur: beware, fragile minds, for the bear lurks still behind the curtain.

Now, our charming protagonist finds itself negotiating one of those terribly dramatic moments: having flirted with the formidable $1,799 wall, it retreats to the safety of its final intraday corset—allowing for a fresh leap beyond $1,800. Should it succeed, why, $1,840 and the stars beyond are all but within its demure grasp. But heaven forbid it falter, it may well be forced to face three rather unpleasant suitors—zones of resistance, of course.

According to the fine folks at IntoTheBlock (they really know how to get the details), this 38.64 million LINK is not just any number—oh no—it’s the highest 24-hour transaction figure in the past week. The low for the week? A measly 2.31 million. Yeah, we get it—big moves. But what are the whales up to? Are they stacking up on LINK like it’s the next big thing? Or are they unloading it faster than you can say “pump and dump”? Hard to say. But one thing is certain: whales are moving, and that’s gotta mean something.