Bitcoin traders watch for potential breakout amid market calm
Bitcoin $BTC traders are keeping their eyes on the screen as the price stays around $95,000. Nothing too exciting has happened in the past week, but some believe that could change soon. Sometimes when things are quiet, it means something big is about to happen. The total value of the crypto market is getting close to $3 trillion again. While Bitcoin hasn’t made any big moves lately, some analysts think we might not be waiting much longer for a breakout. Market staying calm with mixed results Most of the big coins like Ether ($ETH ), BNB, and Solana’s SOL haven’t moved much in the last few days. XRP and Cardano’s ADA dropped about 2%, while Dogecoin (DOGE) had a slightly rougher time, falling around 3%. Earlier this week, spot Bitcoin ETFs saw a small outflow of $56 million. That ended an eight-day streak where nearly $3 billion had flowed into these funds. It’s not a huge drop by any means, but it’s worth noting after such a strong run.
Quiet markets often lead to big moves Alex Kuptsikevich from FxPro shared his thoughts with CoinDesk, saying that long periods of sideways action usually mean the market is building energy for a bigger move. He thinks Friday’s jobs report could be the spark that gets things moving again. He also mentioned that crypto is still hanging below its 200-day average, which is now around $3.01 trillion. If it breaks above that level, it could open the door for a climb toward $3.5 trillion. Pat Zhang from WOO X agreed. He pointed out that Bitcoin has been stuck between $93,000 and $95,000 since late April, which looks like it’s setting up for a breakout. He also noted that Bitcoin’s funding rates have been negative over the past week — something that doesn’t happen very often. When it does, it usually means big players are buying behind the scenes. In the past two years, there were only four times when Bitcoin’s funding rate went negative — and each time, it was followed by a strong upward move. That pattern suggests we could be in for another push higher, especially if whales keep stacking.
What’s going on with Trump and tariffs? On the macro side, global traders are watching how things play out with Donald Trump and international trade deals. According to Bloomberg, Trump said progress is being made with countries like South Korea, India, Japan, and China on tariff agreements. While it may not seem directly related to crypto, big shifts in trade policy can affect investor mood across markets — and that includes digital assets. So while nothing seems to be jumping off the charts right now, the pieces might already be in place for a shift. All it might take is one big move in the wrong or right direction to get things rolling again. #bitcoin #trump #tariff
Elon Musk Steps Back from DOGE and Trump's Cabinet - Here's What Happens Next
$DOGE Elon Musk's time in Washington has officially come to an end. After just three months filled with bold promises and plenty of drama, he's leaving his roles at the Department of Government Efficiency ($DOGE ) and Trump's $TRUMP Cabinet. For those who follow his every move, this marks a significant shift. So what does it mean for Tesla, crypto, and the markets? The Musk-style Exit True to form, Musk made his announcement in typical Elon fashion - live at a White House Cabinet meeting on April 30. Starting in May, he'll be focusing nearly all his attention back on Tesla. "It's been an honor," he told Trumpand the Cabinet, delivering his signature mix of sincerity and dry humor.
He couldn't resist adding some Musk flair, calling the administration's first 100 days "record-breaking" - which might be stretching the truth, but that's classic Elon.
The Writing Was on the Wall This move didn't come out of nowhere. During Tesla's recent earnings call, Musk had already hinted he was scaling back his DOGE involvement, saying he'd only dedicate "a day or two per week" to government work. That was our first clear signal his Washington experiment was wrapping up.
DOGE's Mixed Results Musk claims DOGE saved the government $160 billion - an impressive figure, but far short of the $2 trillion he originally promised. When Trump mentioned $150 billion in savings during the meeting, Musk quickly corrected him: "$160 billion... but who's counting?" The reality wasn't all positive. Reports suggest DOGE-related disruptions - including layoffs, hiring delays, and lost productivity - could cost the government $135 billion this year alone. Meanwhile, Musk had already quietly moved his team out of the West Wing, though they remained working nearby.
A Friendly Farewell Despite the mixed outcomes, Trump gave Musk a warm send-off during the Cabinet meeting. "You really have sacrificed a lot," Trump said. "You've been treated very unfairly." Musk responded with his typical wit: "Well, they like to burn my cars, which is not great" - a reference to recent Tesla vandalism tied to his DOGE work.
Trump extended an open invitation: "You're welcome to stay as long as you want." The room broke into applause, showing just how much influence Musk still commands - even in political circles.
Back to Tesla and Beyond On the earnings call, Musk made his priorities clear: DOGE is no longer his main focus. "I'll continue as long as the president wants me to," he said, but added that the heavy lifting was done. His real message? It's time to get back to Tesla.
As he presented Trump with a final DOGE report during the Cabinet meeting, it marked the quiet but symbolic end to one of the most unusual chapters in Musk's career. Now he returns to what he does best - building cars, running Tesla, and possibly making waves in the crypto world again.
Final Thought Whether DOGE succeeded or fell short, one thing remains certain: Elon Musk never leaves without making an impact. And whatever he does next, you can be sure the world will be watching.