China Bets on Gold and Bitcoin Instead of the Dollar
China may begin selling off American government bonds in favor of gold and cryptocurrencies, said the head of active ETFs at BlackRock. Against the backdrop of geopolitical tension and the freezing of Russian reserves, countries are re-evaluating their asset storage strategies, and Bitcoin is increasingly seen as "digital gold".
❗️The correlation between cryptocurrencies and the stock market is decreasing, and the market capitalization of Bitcoin-based ETFs has already surpassed BlackRock's gold fund ($34.3 billion vs. $31.4 billion), enhancing its appeal as an alternative asset.#gold #BTC
Against the backdrop of a sharp rise in $TRUMP after the news about the dinner, which triggered mass purchases by whales worth millions of dollars (evidence in Solscan), it is worth paying attention to $MELANIA — but not for this reason.
🎉Melania Trump's birthday is April 26 — this could be a reason for the token to pump.
Moreover, the token has been added to the waitlist for the ETF launch, as reported by Eric Balchunas. This also adds positive expectations for the price.
BTC surpasses Amazon again: cryptocurrency in fifth place among assets
According to data, Bitcoin has reached 5th place in market capitalization worldwide, surpassing names like Amazon and Google. Its current market value is $1.859 trillion.
Even more interesting is the fact that only two assets from the top ten showed growth over the past month — gold and Bitcoin. The others are in the red.
Trump's threats to fire the head of the Federal Reserve could lead $BTC to a new ATH
Analysts at Standard Chartered believe that the risks to the independence of the Federal Reserve will support the growth of crypto, as $BTC is a hedge against the traditional financial system.
Forecasts: ➖$200K for BTC by the end of the year ➖$500K by 2028 🚀
Why is Bitcoin rising? It's simple — the economy is on the brink
The investment director of Bitwise, Matt Hougan, believes that the current growth of the crypto market is just the beginning. In his opinion, when the Trump administration starts to correct the economic situation, the market will receive even greater upward momentum. So, according to him, the BTC rate is "only up"🚀
Interestingly, many are now convinced that the market has already "bounced back" and that there will only be a decline ahead. But as practice shows, it is precisely at such moments that unexpected turnarounds occur.
Binance and Square: Prospects for Collaboration in the Crypto Industry
In recent years, cryptocurrencies have become an integral part of the financial world, and companies like Binance and Square play a key role in this process. Both giants aim to simplify access to cryptocurrencies and expand their usage, but at the same time, they represent different approaches to this market. In this article, we will examine the current state and prospects of collaboration between Binance and Square.
Bitcoin made an impulsive surge up to $88K, but open interest has not slowed down — above $103 billion. At the same time, volumes remain high — $144.96B. This indicates a continuing market overload. The ship is overloaded with longs, and the deck is slippery: any tilt can wash away the extra passengers.
We are approaching a moment of truth. Such a price spike with high OI is not always a sign of strength. Often, it is a trap: the market maker lures liquidity higher, only to then abruptly lower the sails. If there is no consolidation above $88K–$89K, we may be facing a corrective storm.
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