After lurking above $85,000 with the patience of a cat stalking a laser dot, Bitcoin decided to spring into action, scaling $88,000 and then $90,000 resistance levels like a caffeinated squirrel.
Oh, but wait, CoinMarketCap’s Altcoin Season Index is sitting at a sad little 16 out of 100. Yep, you heard it right. Altcoin Season? More like Altcoin… hibernation. Last week it was a measly 15, and let’s not forget the glorious days of December when altcoins were running wild with a peak of 87. So, uh, yeah… you can see how that’s going.
Matthew Sigel, the digital assets expert at Vaneck (no, it’s not a name for a wizard from a forgotten realm), is here to burst your bubble. He took to social media (aka X, formerly known as Twitter, because we can’t have anything simple) to publicly demolish the idea that Microstrategy (which, for reasons that escape logic, has now decided to rebrand as “Strategy”) is somehow pulling the strings on Bitcoin’s price. Spoiler alert: They’re not.
That notorious 26 EMA, stationed most purposefully ’round $2.13, commands our attention. This figure hath, with stern consistency, repelled XRP’s advances in times gone by, as if stepping forth to say, “Not so fast, dear lad.” Should our intrepid XRP succeed in securing a position beyond this sentinel, the path might then be cleared for a spirited jaunt toward $2.20 and beyond—much to the delight of optimists and speculators alike.
With the ever-glittering $90,000 just shy of a wink away, all eyes are glued to the crowd who bought into this circus—aka, the investor cohorts—and what price they’d feel comfortable selling their digital unicorns for.
Upon the fateful day of April 21, when Mr. Paul Atkins was ceremoniously raised to the helm of the Securities and Exchange Commission, Mr. Mark Uyeda, having played the role of Acting Chairman these past three months—or so the chronicles tell us—paused to muse upon his fleeting dominion over this curious realm of digits and dreams known as crypto.
Ever since those infamous ‘Liberation Day’ tariffs popped up in April, our king coin has been as shy as a cat in a room full of rocking chairs—keeping pace with jittery U.S. stocks.
So here’s the deal: WazirX, in a very optimistic tone, tweeted on April 21, 2025, that they’ll begin trading again ten business days after the court gives the green light for their restructuring plan. Woo-hoo, right? 🎉 They also promised to start compensating users who lost money in the breach as soon as the judge says “yes.” A nice, tidy plan, we’re sure. Just don’t ask us how long that takes.
Yet, what should have been a fête for the kingdom of Base and its spirited troupe of creators instead morphed into a quarrelsome duel pitting zeal against skepticism regarding these so-called “content coins.”
But, hold your horses—while Bitcoin’s rally and its growing detachment from traditional equities is definitely worthy of a slow clap, the true signal of bullish enthusiasm is coming from…wait for it… the derivatives market.
