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Bukele to meet Trump amid El Salvador’s $1.4B IMF deal tied to Bitcoin constraints. Trump’s potential pro-Bitcoin stance could shift global crypto politics. BTC nears $85K after breaking downtrend, showing strength amid macro volatility.
Quick Take The OM token plunge has seen over $71.8 million in liquidations over the past 24 hours. The project’s co-founder disclosed that the price movements were caused by “reckless forced closures” initiated by centralized exchanges on OM account holders.
The total crypto market cap chart has formed a bullish falling wedge pattern. The analyst also highlighted a bullish divergence on the altcoin market cap chart. The last time such a setup was seen, a massive altcoin rally was seen in 2020.
Solana’s price has grown by more than 10% over the past week while ether’s has fallen by a similar proportion, leading the SOL/ETH price ratio to a new all-time high at daily close. The ratio of ETH to BTC has also fallen to its lowest value since early 2020. Ethereum co-founder Vitalik Buterin hinted on X that future hard fork upgrades to the blockchain network could come faster following the upcoming Pectra upgrade set for early May.
XRP is back above $2 after a 22% rally, with technicals hinting at more gains. Key resistance at $2.23 could pave the way to $2.50.
Despite growing rumors, SWIFT has not confirmed any plans to integrate Ripple's XRP. Speculation about the partnership largely stems from misunderstanding pilot programs and ISO 20022 compliance, with no substantial evidence backing the claims.
Ethereum leads all blockchains in developer activity, confirming strong network fundamentals amid price consolidation. ETH trades above multi-year resistance with $4,811 and $8,557 as valid targets based on long-term breakout structures. A symmetrical triangle on the hourly chart signals a potential 17% move, with $1,665 as the key breakout resistance level.
- 14:111confirmation Founder: Crypto Innovation Needs to Integrate with Mainstream Culture, Simply Replicating Early Models No Longer WorksNick Tomaino, the founder of 1confirmation, stated on X that most people in the crypto industry are focused only on the internal aspects of the industry, creating a very insular community. Many have gained immense wealth simply by being in the right place at the right time, so the desire to replicate past successful models is natural. However, that era is over. It is now crucial to truly understand mainstream culture and how the crypto industry intersects with it. Today's crypto field has much more awareness, capital, and competition, and merely going with the flow is no longer sufficient for easy success. For instance, if you want to develop on-chain games, you need to have a comprehensive understanding of everything about Web2 games and build on-chain games based on that knowledge. Simply replicating the Axie model is far from enough.
- 14:10Possibility of Two More Interest Rate Cuts by ECB This Year Cannot Be Ruled OutECB Governing Council Member Simkus stated that the possibility of two more interest rate cuts this year cannot be ruled out.
- 14:09Uniswap Protocol's historical cumulative trading volume on the Base chain surpasses $150 billionUniswap Labs released data on Platform X, showing that the historical cumulative trading volume of Uniswap Protocol on the Base chain has surpassed $150 billion, compared to just $260 billion a year ago.