Currency Forecast

In a move that can only be described as “bold” (if not utterly audacious), the cryptocurrency industry contributed around $18 million to ensure that Trump’s swearing-in was something to remember. Yes, you read that right. A whole 18 million bucks. These weren’t just pocket change donations either. Ripple Labs stepped up to the plate with a cheeky $4.9 million, making it the second-largest donor behind Pilgrim’s Pride, which chipped in a neat $5 million. Money talks, people, and it’s speaking fluent blockchain. 💸

According to the sagely insights of @ali_charts, a cryptocurrency analyst with a name that suggests midwestern charm and dragons, $0.17 is the point where Dogecoin’s price currently hovers, like a caffeinated hummingbird unsure if it should land or fly away. This $0.17 is the line in the sand, or more accurately, the cosmic chalk line in the Martian dust. If DOGE fails to respect this boundary, it could trigger a price nosedive that would make the stock market’s worst Monday morn look like a casual stroll.

In a very special appearance on Bloomberg Crypto—because nothing screams excitement like talking about crypto on a financial network—Thorn stated that the US will, in fact, buy BTC. Not just the Bitcoin they’ve confiscated (which, by the way, is a weird flex), but the government will be actually purchasing more of it in 2025. All of this, of course, is to “boost” the SBR. Because, why not? The world is on fire, so let’s add some digital currency to the flames!

In this never-ending opera of regulation, Oregon’s lawsuit against the crypto exchange Coinbase resurrects the age-old classification: securities. Over 30 darlings of the blockchain ball, including our old friend XRP, are once again summoned to the witness stand, as announced by Paradigm’s vice president of regulatory affairs, Justin Slaughter, who seems to find merriment in the theatricality.

Where once the $0.17 mark stood as a fortress against despair, now it is a question whispered among the shadows: can Dogecoin muster the strength to reclaim its throne before the candle’s flame guttered red and the night swallows it whole?

Bloomberg’s very own Eric Balchunas, the analyst who’s seen it all, seems to think altcoins will barely leave a scratch on Bitcoin’s reign. He said:

He insists that this current act diverges from the old script: Bitcoin holders clutch their treasures tighter than a miser with his last sou, disinclined to exchange their glittering bitcoins for those flashy but fickle altcoins.

With a grand flourish, Upbit announced a KRW market listing for DeepBook Protocol (DEEP), and voila! In a mere 24 hours, the token’s price took a delightful leap—38% to be precise. It was already making modest waves in BTC and USDT pairs since April 16, but the KRW pairing? Oh, that’s when things really got interesting. Trading kicked off at 2:30 KST on April 22, and let’s just say the market didn’t bother with any pleasantries—it dove right in.

Zoom out, if you will—ADA’s long-term groove hasn’t completely derailed, and lately, the charts are flirting with a bigger story. Rumors of ETFs and whispers about Cardano cozying up to Bitcoin DeFi are bubbling like a conspiracy theory at a dinner party. Will this champagne pop or just fizzle? Your guess is as good as mine. 🍾🥂

Pro tip: keep your eyes glued to $83,000 (support level) and $90,000 (the “please don’t break me” resistance). They’re basically Bitcoin’s emotional landmarks for when it decides to throw a tantrum or throw a party. 🎢