Today's Crypto Briefing: Bitcoin Breaks $90,000, Institutions Jump In, Solana Shines

Market Sentiment:

Bullish: 60%

Bearish: 25%

Neutral: 15%

Market Overview:

Bitcoin has broken the $90,000 mark, currently trading between $95,974 and $96,817. The Fear and Greed Index is at 64-65, indicating strong market optimism. Reports indicate that Bitcoin has surpassed $87,000 and is now firmly above $92,000, with $90,600 seen as a potential long-term entry point.

Today's Highlights:

1️⃣ Goldman Sachs Launches 24/7 Cryptocurrency Trading

Goldman Sachs is launching 24/7 tokenized trading for U.S. Treasury and money market funds, marking an important step in institutional cryptocurrency adoption.

Key Points:

• Major Wall Street players entering round-the-clock cryptocurrency trading

• Potential to increase liquidity and accessibility for institutional investors

• Indicates growing mainstream acceptance of digital assets

“Goldman Sachs' move could become a game-changer for institutional cryptocurrency adoption.”

Impact: This development could pave the way for other major financial institutions to follow suit, potentially increasing the liquidity and stability of the crypto market.

2️⃣ F1 Miami Grand Prix Accepts Cryptocurrency

The Formula 1 Miami Grand Prix has announced that it will accept Bitcoin and other cryptocurrencies as payment.

Key Points:

• Major sporting events adopting crypto payments

• Enhances the real-world applications of digital assets

• Potential to attract new users to the crypto ecosystem

“We are witnessing the occurrence of mass adoption!” -

Impact: This move could inspire other major events and businesses to follow, expanding the real-world use cases for cryptocurrencies.

3️⃣ Ethereum Metrics Soar

Ethereum's active addresses have reached a historic high of 15.4 million, a 62.7% increase in just 7 days.

Key Points:

• Network activity significantly increased

• May be undervalued according to some metrics

• Upcoming Pectra update on May 7

“The fundamentals of Ethereum are stronger than ever.” -

Impact: Increased network activity may lead to rising demand for ETH, potentially driving up prices and solidifying Ethereum's position in the market.

Wishing you successful trading, always remember to DYOR!