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$BTC Bitcoin (BTC) is currently trading around $93,500, continuing its upward momentum after breaking out of a four-month falling wedge pattern earlier in April . The cryptocurrency has gained 25% from its April low, supported by weakening dollar sentiment and optimism over potential tariff rollbacks by the Trump administration . Key resistance levels to watch include $100,000, a psychological barrier, and $107,000, aligning with previous peaks and a measured move target from the wedge breakout . On the downside, $85,000 and $76,000 serve as critical support zones if a pullback occurs . Institutional inflows remain strong, with spot Bitcoin ETFs recording $381 million in inflows recently, signaling sustained demand . Analysts note BTC’s decoupling from equities, with its correlation to the S&P 500 dropping to 0.65, reinforcing its role as an alternative asset . Market sentiment remains cautiously bullish, though low trading volumes suggest consolidation before a potential breakout .
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#TrumpTaxCuts President Donald Trump has proposed potentially eliminating federal income taxes, suggesting they could be replaced by revenue from increased tariffs if he returns to office. This radical economic proposal would represent one of the most significant tax reforms in U.S. history, fundamentally changing how government programs are funded. The plan has drawn mixed reactions from economists. Supporters argue it would boost disposable income and simplify the tax system, while critics warn it could trigger inflation and disproportionately impact lower-income households through higher consumer prices. The proposal has also sparked discussions in financial markets, with some analysts suggesting such policies might increase interest in alternative assets like bitcoin as potential inflation hedges. If implemented, this policy would require congressional approval and would likely face legal and political challenges. The concept remains speculative but has already begun influencing economic debates ahead of the 2024 election.
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#XRPETFs The ProShares XRP futures ETFs are set to launch tomorrow, April 30, 2025, marking a significant milestone for XRP adoption in traditional finance. The SEC has approved three ETFs: Ultra XRP (2x leverage), Short XRP (1x inverse), and Ultra Short XRP (2x inverse), allowing traders to speculate on XRP's price movements without holding the asset directly . XRP's price has shown strength ahead of the launch, rising 7% recently to $2.32, with traders eyeing a breakout above $2.40 and $2.60 resistance levels . The ETFs are expected to attract institutional interest, though their impact may be tempered since they track futures rather than spot prices . Market sentiment remains bullish, fueled by Ripple’s legal clarity and growing global adoption, including Brazil’s spot XRP ETF and upcoming CME XRP futures . Analysts warn of potential volatility post-launch but see long-term upside if spot ETF approvals follow .
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Crypto Whale James Wynn Nets Over $10M Profit on $TRUMP Token Amid Market Surge In a remarkable display of strategic trading, crypto whale James Wynn has reportedly amassed over $10 million in unrealized profits by leveraging a 10x long position on the TRUMP token via the HyperLiquid platform. This significant gain coincides with a more than 70% surge in TRUMP's value over the past week, spurred by the announcement of an exclusive dinner event featuring former President Donald Trump. Beyond TRUMP, Wynn has diversified his portfolio with long positions in several other cryptocurrencies, including PEPE, FARTCOIN, XRP, and AIXBT. Collectively, these positions have contributed to an impressive total profit of approximately $18.6 million. Wynn's trading activities have garnered attention within the crypto community, highlighting the potential for substantial returns through leveraged positions and timely market moves. His success underscores the dynamic nature of the cryptocurrency market and the opportunities it presents for astute investors. #Whale.Alert
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Stablecoin Market Sees New Competitors and Backing Options Emerging
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U.S. Commerce Secretary Advocates for Domestic Bitcoin Mining Expansion
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Significant TRUMP Token Transfer to Centralized Exchanges
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