But don’t you go thinking they done lost ’em for good. Nope, quicker than a cat can lick its ear, the same number popped right back into existence over at the RLUSD Treasury, freshly minted like new silver dollars.
Our beloved digital chrysalis, Bitcoin, has flared its wings above $93,000 with the giddy enthusiasm of a debutante at her first ball. The cocktail fueling this surge includes a splash of détente in the US-China trade soap opera, a new SEC sheriff named Paul Atkins striding into town, and a presidential telegram assuring us that Jerome Powell remains Fed Chair—no coups here, folks! Such theatrics have crowned Bitcoin the fifth monarch of assets, leapfrogging Google to boot—because why not?
For a sustained rally, imagine a river needing constant replenishment. Capital, like water, must flow ceaselessly into the market. Otherwise, the riverbed dries, and the journey upstream becomes a fool’s errand. 🌊
In a missive upon the X platform (formerly known, perhaps more charmingly, as Twitter), Mr. Saylor presented a moving picture featuring President Donald Trump and Mr. Atkins, engaged in a White House ceremony of some solemnity. Mr. Atkins, in his speech, declared a “rational, coherent, and principle approach” to the regulatory foundation for digital assets. A bold claim indeed! 🧐
Last week’s analysis pointed out that the $3.8 level was the magic number to flip into support. Miraculously, DOT’s bulls managed this feat. But, dear reader, it seems they might have loftier goals in mind.
Our trusty informants at SoSoValue reveal that nine sprightly U.S.-listed Ethereum ETFs welcomed a tidy $38.74 million on April 22, snapping a dismal ten-day stint of either dawdling or outright departures. Quite the soirée! Recall Feb. 4, when they were positively drowning in a heady $307.77 million—what a splash! 💸
At the blessed moment of writing, Bitcoin (BTC) pirouettes at $93,069, enjoying a sprightly 5% jig in the past 24 hours. Ethereum (ETH), ever the ambitious understudy, has vault-jumped 12% to $1,768, while Solana (SOL), that sprightly upstart, sashays up 7% to $149. Collectively, this digital pantomime has lifted the market’s total value by 4%, pushing it just beyond the whimsical threshold of $3 trillion.
According to the ever-credible Financial Times (because we all know they never get anything wrong, right?), Cantor Fitzgerald is pooling its vast resources to launch a Bitcoin SPAC that will likely either make or break them. The cavalry? SoftBank, Bitfinex, and Tether—three entities that are not exactly known for playing small. SoftBank’s slinging a $900 million capital injection into the mix, Bitfinex chimes in with $600 million, and, oh, Tether just casually throws $1.5 billion worth of Bitcoin into the pot. No biggie. 🤡
In the last 24 hours, Ether (ETH) jumped nearly 15% to flirt with the $1,800 mark on April 23. Meanwhile, Bitcoin politely climbed 6%, and the broader crypto circus managed a modest 5% lift, nudging the overall market cap back to a hefty $3 trillion. Yes, trillion, with a “t”—not just for causing existential dread but for big numbers.
According to the fabled archives of Coinglass, XRP’s open interest hovers at a princely $3.3 billion—nay, less than the grandiose heights of $7.87 billion it dared touch in January of 2025. A fall of nearly half since then—a tragedy worthy of Molière himself! Such decline in but three moons.
