$BTC Falls Below $102K After U.S./China Trade Truce
Price Action: $BTC dropped below $102,000 after briefly nearing $106,000 earlier in the day.
Background: The dip follows a strong rally since mid-April, when $BTC rebounded from under $75,000 after the Liberation Day tariff shock.
Trade Truce Impact: A temporary U.S.-China 90-day tariff suspension caused the pullback. This aligns with the classic market behavior: Buy the rumor, sell the news.
Analyst Take: BTC outperformed equities recently due to insulation from tariff risks. With tariffs easing, risk assets like stocks and altcoins may catch up. – Aurelie Barthere, Nansen
Dogecoin is on fire — whales just bought 600 million DOGE in two days, fueling a +35% weekly gain.
Price surged from $0.164 (May 6) to a high of $0.259, its highest level since Feb 21. This comes as $BTC broke 104000 , lifting the whole crypto market.
Open interest in $DOGE futures is also booming — now at $2.85B, the highest since mid-February.
Key levels to watch:
Resistance: $0.265 (200-day MA)
Support: 50-day MA
DOGE may consolidate or break out above resistance.
Despite reporting a Q1 net loss of $4.2 billion, primarily due to a $5.91 billion unrealized loss on its cryptocurrency assets, Strategy (formerly MicroStrategy) is intensifying its Bitcoin investment strategy. The company announced a new $21 billion at-the-market equity offering aimed at acquiring additional Bitcoin$BTC , reflecting its unwavering confidence in the digital asset's long-term value. Bitbo +6 #reuters +6 #CoinDesk +6
As of April 28, 2025, Strategy holds 553,555 BTC, valued at approximately $37.90 billion, acquired at an average price of $68,459 per Bitcoin$BTC . In light of its aggressive acquisition strategy, the company has raised its 2025 BTC Yield target from 15% to 25% and its BTC $BTC Gain target from $10 billion to $15 billion. #CoinDesk +7 #Tokenpost +7 Stock Titan +7 CryptoRank +1 Strategy +1
This strategic move underscores Strategy's commitment to Bitcoin as a core treasury asset, even amidst market volatility. The company's leadership believes that such bold initiatives position it favorably for future growth in the evolving digital asset landscape.