Bitcoin at Seven-Week High, Crypto Stocks Rise
Bitcoin hit a seven-week high of $94,000, setting a positive tone in the markets. Coinbase Global rose 3.8%, Bitfarms 5.2%, Riot Platforms 7.2%, Hut 8 6.9% and Mara Holdings 7.3%, while ProShares Bitcoin Strategy ETF gained 2.7% and Ishares Bitcoin Trust 2.8%.
Trump: “I Wouldn’t Fire Powell, But Interest Rates Should Be Lowered”
US President Trump stated that he has no intention of firing Fed Chairman Powell and emphasized that interest rates should be lowered. Trump also said he expected more aggressive steps from Powell.
Trump Announces that Tariffs Against China May Fall
Trump acknowledged that tariffs on Chinese imports were too high and said he expected a significant reduction. Treasury Secretary Benson also signaled that the China-US tariff war may cool down soon.
Cantor Forms $3 Billion Bitcoin Venture with SoftBank and Tether
Cantor Fitzgerald, together with SoftBank, Tether and Bitfinex, is preparing to launch a $3 billion Bitcoin buying platform. The company, called 21 Capital, will use funds from investors to buy Bitcoin. Tether will contribute $1.5 billion, SoftBank $900 million and Bitfinex $600 million.
SEC Chairman Atkins: Regulatory Framework for Digital Assets a Priority
In his first statement after taking office, new SEC Chairman Paul Atkins emphasized that his priority is to create a robust regulatory framework for digital assets.
Michael Saylor: SEC Chairman Positive on Bitcoin
MicroStrategy founder Michael Saylor stated that he thinks SEC Chairman Paul Atkins will have a positive attitude towards Bitcoin.
Tesla Owns $951 Million Worth of Bitcoin
According to Tesla’s financial report, the company’s holdings of 11,509 BTC are worth $951 million. There were no sales this quarter.
US Strategic Bitcoin Reserve May Be Announced Soon
According to Bloomberg, details of Trump’s order to create a strategic Bitcoin reserve are expected to be announced in the next two weeks. This development has been effective in the increase in Bitcoin prices in recent days.
Crypto Fear and Greed Index Rises to 72
The index, which measures sentiment in the crypto market, has entered the “greedy” zone, rising to 72.
Bitcoin ETFs Net Inflows of $936 Million
On April 22, Bitcoin spot ETFs recorded a net inflow of $936 million. ARKB led the way with inflows of $267 million. This was the third consecutive day of net inflows.
Ethereum ETFs Net Inflows of $38.74 Million
Ethereum spot ETFs totalled $38.74 million in net inflows on the same day. The largest contribution came from the Fidelity Ethereum ETF FETH with $32.65 million.
by Darkex Research – 1 min read
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