In just 3 days we will have the most important economic event of the month, the second meeting of the Federal Reserve System this year. There is a 100% probability that the Federal Reserve System will leave the rate at the old level, but Powell's speech will be a real surprise for the markets, because if Powell's rhetoric is aimed at continuing the pause, Trump's pressure on markets will only get stronger.
According to Lookonchain, Trump-backed World Liberty Financial bought 103,911 AVAX worth $2 million and 2.45 million MNT worth $2 million over the weekend. I wonder which coins will be next?
🔶 The BNB Chain network has overtaken Solana in DEX volumes over the past 24 hours. Against this backdrop, the BNB coin has grown by 5% over the past 24 hours.
🇺🇸 Treasury Secretary Scott Bessent said, "The United States doesn't have a revenue problem, we have a spending problem." A classic problem for everyone.
This week will be eventful for unlocking! Be careful - there may be strong pressure on token prices.
🔴 SUI - May 2 Unlock $317.35M (2.72% of capitalization). Average pressure on price. 🔴 OMNI (Omni Network) - May 3 Unlocking $40.73M, which is 83.4% of capitalization! A strong price collapse is possible. 🔴 ENA (Ethena) - May 3 $32.60M (1.69% cap). Low pressure. 🔴 OP (Optimism) - May 1 $25.07M (1.94% cap). Average pressure. 🔴 UDS (Undeads Games) — May 1 $19.62M (34.4% cap). Risks are average. 🔴 RON (Ronin) - April 28 $18.28M (5.27% cap). There may be moderate pressure. 🔴 KMNO (Kamino) - May 1 $13.79M (22% cap). High volatility likely.
Central banks around the world are diversifying their reserves
Foreign holdings of Treasury bonds as a share of U.S. government debthave fallen to about 23%, the lowest level in 22 years. 📉 Over the past 9 years, this figure has decreased by approximately by 11 percentage points.
🔼 At the same time, the share of gold in global international reserves reached approximately 18%, the highest level in 26 years. Since 2015, this share has increased by approximately 8 percentage points.
🇨🇳 Over the past few years, China has become one of the largest buyers of gold. ↗️ Since the beginning of 2023, the share of China's gold reserves in total foreign exchange reserves has doubled to 7.1%.
China may shift away from investing in U.S. government bonds to gold and bitcoin, said Jay Jacobs, head of active ETFs at BlackRock.
🇨🇳 Geopolitical tensions and the freezing of $300 billion in Russian reserves are forcing countries, including China, to reconsider their asset storage strategies, he said.
Paul Atkins has been sworn in as the new SEC chairman, having been nominated by US President Donald Trump and approved by the Senate.
🤝 Atkins said creating a clear and understandable regulatory framework for digital assets was a priority, stressing his intention to focus on increasing market transparency and strengthening investor protection.
According to Bloomberg analyst Eric Balchunas, there are 72 applications pending at the SEC to launch ETFs based on various altcoins. “Everything from XRP, Litecoin, and Solana to Penguins, Doge, and 2x Melania and everything in between. It’s going to be a wild year,” he said. #TrumpVsPowell #BTCRebound #FederalReserveIndependence #USChinaTensions #BinanceAlphaAlert $BTC $ETH $BNB
Whales Withdraw Hundreds of Millions in BTC - Bullish Signal?
Since April 17, there has been significant activity in the market: according to OnchainDataNerd, Bitcoin whales have withdrawn more than $280 million in BTC from exchanges in just one day.
📊 Galaxy Digital withdrew 554 BTC ($76.7 million) from OKX and Binance. Abraxas Capital withdrew 1,854 BTC ($157.2 million) from Binance and Kraken. Two more large wallets transferred 545.5 BTC and 535.2 BTC (~$45.5 million each) from Coinbase.
↗️ Mass withdrawal of BTC from exchanges is a signal that whales are sending assets to cold wallets. This reduces selling pressure and often foreshadows a rise in prices.
Today, Bitcoin broke out of a tight trading range and broke through the $87,000 level. This move by BTC is directly related to a short-term short squeeze and liquidation of short positions totaling $170 million over the past 24 hours, which also triggered the growth of many altcoins. However, US stock market futures officially opened lower after a three-day weekend, which may lead to a pullback when trading on US exchanges begins.
📊 According to CryptoQuant, the current Bitcoin price decline is most likely a typical correction rather than a full-fledged bear cycle.
🪙 Investors continue to buy gold. Its price reached a new historical maximum, exceeding the $3,384 mark.
Federal Reserve Bank of San Francisco President Mary Daly said the U.S. central bank may keep interest rates on hold longer than expected because of inflation risks, but could still cut them later in the year.
📊 An assessment of the accumulation trend shows that the selling pressure on BTC is over and accumulation is starting to increase at current levels. These are early signs of renewed interest.
📊 Glassnode reports that long-term Bitcoin holders remain in profit, but large BTC buyers may face mounting losses as they transition to LTH status. We are likely to see more market volatility.
President Donald Trump said Friday that the United States is in good private talks with China amid the two countries' trade war. 🗣 "By the way, we have good "We're talking to China," Trump told reporters at the White House. "That's really, really good." He did not provide further details.
💸 China's M2 money supply has already reached a record $326 trillion, and analysts say the surge in liquidity could help push Bitcoin toward the $90,000 mark.
📈 Binance Research reports, that in 2025 the US will issue bonds worth over $31 trillion, which will amount to 109% of GDP and 144% of M2. This is additional liquidity for the markets.
CryptoQuant Sounds the Alarm: 170,000 BTC — purchased 3-6 months ago — began to move around the network en masse. And this, as history shows, is a sure harbinger of wild volatility in the market.
🗣 This is the biggest move by short-term holders (STH) since late 2021, analysts said .
📊 Short-term holders tend to be the most emotional, they are afraid of a drawdown and dump the asset faster than others. They are currently creating the main selling pressure, selling an average of 930 BTC/day. In comparison, long-term investors sell twice as much less - ~529 BTC/day.
Donald Trump criticized Jerome Powell for his late actions on rates, calling his reports "chaos." Trump believes rates should have been cut long ago, as the ECB is doing. "Powell is always late. It's only a matter of time before he's fired," Trump wrote.
Jerome Powell Expects Tariffs to Have Negative Impact
In a speech yesterday, Fed Chairman Jerome Powell said tariffs could have a larger and more persistent impact on inflation than previously expected, adding that markets were likely to experience further volatility.
🔽 The US stock market fell and lost $1.5 trillion after Powell's comments yesterday. Bitcoin remains above $84,000.
🇨🇳 China imports record volumes of Canadian oil after cutting US purchases by 90% amid trade war
🇨🇳 China Sells Bitcoin On Amidst the Slowing Economy
Local governments in China are using private companies to sell the confiscated cryptocurrency, according to Reuters . Lawyers told Reuters that China's BTC holdings have dwindled, but the exact sales are unknown. Chen Shi, a professor at Zhongnan University of Economics and Law, told Reuters that the sales are a temporary solution.
🇭🇰 Hong Kong announces suspension of postal delivery of goods to the US from April 16.
🔽 Meanwhile, AMD shares fell 8% on news of the US ban on sales of Nvidia's H20 chip to China.
Fed Ready to Stabilize U.S. Economy and Save Markets
The Fed would be absolutely prepared to use its various tools to help stabilize financial markets and the U.S. economy if needed, Boston Fed President Susan Collins told the Financial Times. Good news for markets, as the printing press would increase liquidity.
🇨🇳 The White House says President Trump is open to making a deal with China. Trump says something positive will happen with China. He also says the value of the U.S. dollar is going to be “far more than it’s ever been.”
🔥 Trump's digital assets chief Bo Hines said: "We want as much Bitcoin as we can get."
🤑 Yesterday, the outflow of capital from the Bitcoin ETF was only $1 million. It will be interesting to see what happens with the inflow of capital on Monday. #SECGuidance #CPI&JoblessClaimsWatch #MarketRebound #TariffsPause #BinanceSafetyInsights $BTC $ETH $BNB
Everything is heading towards lower Fed rates, but there is one problem
Gold has peaked at $3,200, 10-year yields have hit the Bessent red line, and the dollar is falling. Trump was saying, "Do something, Jerome Powell, cut rates." Of course, the Fed could have cut rates as early as May if it weren't for the tariffs that are driving up inflation, and even after yesterday's CPI data, the odds of a rate cut in May and June haven't increased.
🇪🇺 The EU is seeking a fully balanced trade deal with the US.
👋 President Trump signed a resolution repealing the IRS' crypto rule targeting DeFi.
🤑 The New York Stock Exchange has approved 2 XRP ETFs, and now it's up to the SEC. According to analysts, XRP has made a splash on Wall Street — it's the future, and it's already here. #CPI&JoblessClaimsWatch #BinanceAlphaAlert #BinanceVoteToDelist #TariffsPause $BTC $ETH $BNB
US Tariffs on China Now 145% After Latest Increase, White House Says
The U.S. tariff rate on Chinese imports is now effectively 145%, the White House has confirmed.
🛍 Also starting May 2, packages from China to the United States valued at $800 or less will face a 120% tariff rate, according to the order.
🐻 Meanwhile, the stock market and cryptocurrency are in no hurry to grow even after the CPI fell to 2.4%, as everyone understands that this data does not take into account the period of the duties and inflation will probably return in the future. #TariffsPause #BinanceAlphaAlert #CryptoTariffDrop #MarketRebound #CPI&JoblessClaimsWatch $BTC $ETH $BNB