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BTC Traders: Don’t Rush to Short—A Crucial Night Ahead

Bitcoin (BTC) $BTC has shown strong upward momentum, recently breaking above the $97,000 level. As of now, it is hovering around $97,400—just shy of the $98,000 target that was initially projected. While this surge may tempt many to short BTC $BTC at current levels, it is crucial to proceed with caution.

Why You Shouldn’t Rush Into a Short Position

Tonight marks a critical moment for the markets: the release of the U.S. Non-Farm Payroll (NFP) data at 8:30 PM. Historically, such major economic indicators have caused sharp and unpredictable market movements. These reports often lead to increased volatility as traders digest the implications for economic growth and future Federal Reserve policy.

Possible Scenarios Post-NFP

If the NFP data comes out favorable, indicating a strong U.S.#US labor market, BTC could see a further rally—potentially breaking through the $98,000 mark. In such a scenario, shorting prematurely could result in substantial losses, as bullish momentum may continue through the data release.

What Happens After Tonight?

Following tonight’s data, we anticipate that Bitcoin’s upward momentum may start to cool. A healthy market correction is expected once BTC $BTC has exhausted its short-term bullish potential. This could provide a more strategic opportunity for short positions.

Keep an Eye on May 8—The Interest Rate Wildcard
Another major factor looms on the horizon: the upcoming Federal Reserve interest rate meeting on May 8. This event carries significant weight, as the outcome—whether a rate cut or a pause—could strongly impact the cryptocurrency market. Since it is inherently unpredictable, traders should prepare for volatility and remain adaptive in their strategies.

Conclusion

With BTC near its predicted short-term high and major economic events unfolding, now is not the time to rush into trades. The wisest strategy is to wait, observe market reactions to the NFP data, and plan your next move based on confirmed trends. Stay patient, stay informed, and remember that in trading#TradingCommunity , timing is everything.

After much anticipation, Sam Altman’s iris-scanning crypto project, World, has officially launched in the United States. In this article, I break down what this means for the crypto space and how users can get involved.

Starting this week, people in several US cities can now visit World orbs to scan their irises and receive Worldcoin (WLD) – the native cryptocurrency of the project. This marks the first time the service has been made available in the US, after previously operating in selected international markets.

The US rollout had been delayed due to regulatory scrutiny and privacy concerns regarding biometric data. Understandably, the idea of scanning users’ eyes raised a lot of questions, especially in a country with strict data protection laws. But now, those hurdles seem to have been cleared.

Free WLD Tokens: What Users Get

As part of the US launch, users who scan their eyes at a World orb will be rewarded with 16 WLD. If you’re already registered through the World app, you can also claim a “pioneer grant” of 150 WLD. These tokens can be used within the World wallet app, where users can also chat privately and transfer crypto.

Visa Partnership Makes WLD Spendable Like Cash

One of the most exciting updates in mine article is World’s partnership with Visa to introduce a debit card that converts WLD into fiat currency at the point of sale. This is a major step toward making cryptocurrencies usable in everyday life.

How the Iris Scan Works

The scanning process is straightforward: users approach the orb, which takes about 30 seconds to scan their face and iris. This generates a unique IrisCode, ensuring each user can only register once. Currently, orbs are being deployed in Austin, Atlanta, Los Angeles, Nashville, Miami, and San Francisco.

A smaller version called the “orb mini” is also being introduced. It’s portable and resembles a smartphone, which could make adoption even easier.

World’s Expanding Ecosystem

Beyond the hardware and wallet, World is also building an ecosystem of over 150 mini-apps, including a prediction market app by Kalshi. Partnerships with major platforms like Stripe, Match Group (which owns Tinder), and Razer are also in the works, indicating broader integration into both financial and social platforms.

Sam Altman, who co-founded World in 2019 under the name Worldcoin, had a vision of creating a decentralized global identity system. The goal? To fight bots and fraud online by tying a person’s digital presence to a secure, verifiable identity.

As World expands across the US, more people will get the chance to register, verify their identity, and claim their WLD. This could be a huge shift in how we think about digital identity, payments, and crypto adoption.
#BNB_Market_Update #Trump100Days #US

As The Wall Street Journal (WSJ) reported Saturday (April 26), these deals are happening as crypto companies aim to make the most of relaxed U.S. regulation and the potential for increased mainstream interest in their industry.

Among the recent deals was the launch of Twenty One Capital, a new bitcoin company that aims to go public through a $3.6 billion merger with a special purpose acquisition company (SPAC) headed by Brandon Lutnick, son of Commerce Secretary Howard Lutnick.

This is the third crypto deal valued at more than $1 billion to be announced in the past few weeks, the report added. Also in April, Ripple said it was acquiring prime broker Hidden Road for $1.25 billion. And in March, Kraken reached a $1.5 billion deal for futures broker NinjaTrader in March, which WSJ characterized as one of the largest tie-ups ever between trading platforms dealing in crypto and traditional assets.

Altogether, crypto companies have reached 88 deals worth a total of $8.2 billion since the start of 2025, the report added, citing data from advisory firm Architect Partners. That is almost triple the transaction value from 188 deals in the crypto sector in the entirety of 2024.

“There’s optimism that finally things changed,” said Eric Risley, founder of Architect Partners. “The traditional crypto players that are large and at scale are now back in a growth-minded mode, and one of the tools that they have for growth is acquisitions.”

As WSJ noted, crypto dealmaking had slumped in recent years following the implosion of the FTX exchange, which shook up the market and led to increased regulatory oversight. But when Trump returned to the White House, attitudes began to shift.

The president has named crypto-friendly regulators and promised to make the U.S. the “undisputed bitcoin superpower,” while the Republican-led Congress is working on legislation to create a regulatory framework for digital assets.

Among Trump’s appointees is Securities and Exchange Commission (SEC) Chairman Paul Atkins, who last week criticized the regulatory policy of the Biden administration and promised to deal with the “long festering issues” surrounding digital assets and blockchain technology.

“Innovation has been stifled for the last several years due to market and regulatory uncertainty that unfortunately the SEC has fostered,” Atkins said at the regulator’s third Crypto Task Force roundtable.
#US #TrumptaxCuts #TRUMP
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