As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holds near $94,000, experts are pushing back on the old adage "Sell in May and go away," suggesting that selling now could mean <a href="https://www.benzinga.com/money/bitcoin-price-prediction">missing the next leg higher</a>.



What Happened: Coin Bureau co-founder and CEO Nic Puckrin on Wednesday <a href="https://x.com/nicrypto/status/1917564604776935689">said</a> that crypto's setup going into May 2025 is far more bullish than in previous years. 



He points to strong institutional demand, seasonal tailwinds, and macro resilience as reasons to expect gains rather than weakness.



Historically, Bitcoin has posted gains in 9 of the last 12 Mays, Puckrin said, adding that macro risks like weak economic data or trade tensions are minor headwinds and not reasons to exit.



A key indicator of strength are <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">spot Bitcoin ETFs</a>. 



BlackRock's IBIT alone attracted nearly $1 billion in inflows in a single day, signaling that large players are still accumulating aggressively. 



Bitcoin's recent decoupling from equities is another bullish signal, last seen ahead of major rallies in 2017 and late 2020.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45098182/bitcoin-stays-the-course-at-95000-but-recession-fears-linger">Bitcoin Stays The Course At $95,000 But Recession Fears Linger</a>



What's Next: Trader WIZZ <a href="https://x.com/CryptoWizardd/status/1917560225248260144">sees</a> May shaping up well, while TraderAG expects early volatility before a move higher in May, eyeing the $87,000–$91,000 range as a potential entry zone.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Good month, think the start of may will be shaky before big up. 87-91k inbound <a href="https://t.co/mgayJ9UxXF">pic.twitter.com/mgayJ9UxXF</a>&mdash; TraderAG &#x1f63c; (@TraderAG_) <a href="https://twitter.com/TraderAG_/status/1917583139725271092?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Adding a political twist, MartyParty <a href="https://x.com/martypartymusic/status/1917293301532676293">reminded</a> followers that Trump's 60-day executive order regarding the creation of a Bitcoin strategic reserve will expire on May 5. 



The order requires the Treasury Secretary to deliver an official evaluation on the legal and investment implications of managing such a reserve, a decision that could shape the next phase of Bitcoin policy.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45076518/bitcoin-is-a-commodity-like-gold-says-commerce-secretary-lutnick">Bitcoin Is A Commodity Like Gold, Says Commerce Secretary Lutnick</a></li>
</ul>



Image: Shutterstock

Sell Bitcoin, Ethereum, XRP In May And Go Away? Don't Be So Sure In 2025, Expert Says

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) has seen a massive spike in burn activity and on-chain growth, fueling speculation of a <a href="https://www.benzinga.com/money/shiba-inu-price-prediction#:~:text=Average%20Prediction%3A%20%240.00010-,Maximum%20Prediction%3A%20%240.00010,on%20investment%20from%20current%20valuations.">macro trend reversal</a>.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001317</td><td>$7.8 billion</td><td>-3.3%</td><td>-3%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.1703</td><td>$25.4 billion</td><td>-4.5%</td><td>-4.9%</td></tr><tr><td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>$0.058756</td><td>$3.7 billion</td><td>-3%</td><td>-1.8%</td></tr></tbody></table></figure>



Trader Notes: TradingView analyst Wavervanir International <a href="https://www.tradingview.com/chart/SHIBUSD/zjvvwYOe-SHIBUSD-Watching-this/">highlighted</a> a potential macro bullish reversal forming at the $0.00001114 support zone. 



The recent bounce follows an extended drawdown, suggesting buyers are stepping in at structurally important levels.



Key resistance targets are outlined at $0.00002393, $0.00003209 and $0.00004523.



The analyst assigns a 65% probability of a bullish breakout, with a 25% chance of breakdown and 10% likelihood of sideways chop. 



Historical consolidation zones from mid-2023 to early 2024 further support the idea of accumulation in the current range.



Statistics: Data from Shibburn shows that over 16.2 million SHIB were burned in the past 24 hours, with 15.4 million eliminated in just one transaction. 



The burn rate soared by 2,093.8%, reflecting a sudden increase in deflationary pressure on the meme coin.



On the fundamentals side, Shibarium, Shiba Inu's Layer-2 blockchain, surpassed 200 million total addresses, with new account registrations jumping from 395 to 859 in just 24 hours. 



Although daily transactions dipped over the past four days, the broader trend has been upward since mid-April.



IntoTheBlock data shows Shiba Inu large transaction volume narrowed by 24.9% while transactions greater than $100,000 declined from 99 to 80.



Community News: Shibarium continues to gain traction in community tools, Zypto App <a href="https://x.com/ZyptoApp/status/1917260194863587558">announced</a>, in a X post on April 29, it will become the first DeFi wallet to natively integrate both ShibaSwap and Shibarium.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45069965/shiba-inu-down-2-can-shibariums-explosive-growth-fuel-a-shib-rally">Shiba Inu Down 2%: Can Shibarium&#8217;s Explosive Growth Fuel A SHIB Rally?</a></li>
</ul>



Image: Shutterstock

Shiba Inu Burn Rate Skyrockets 2,094%: What Is Going On?

Seamus Rocca, CEO of Xapo Bank, called on cryptocurrency banks to position Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a viable alternative reserve currency to counter potential currency instability and <a href="https://www.benzinga.com/24/11/42028576/rfk-jr-stands-firm-on-bitcoin-as-currency-of-freedom-says-howard-lutnik-as-treasury-secretary-will-be-best-for-apex-crypto">capital controls in emerging markets</a>.



What Happened: In an interview with Benzinga, Rocca highlighted Bitcoin's unique attributes, its decentralized structure, finite supply and blockchain transparency as critical for shielding investors from <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44955500/is-bitcoin-setting-up-for-a-rally-given-its-historical-correlation-with-gold">geopolitical and financial turbulence</a>.



Rocca argued that traditional safe-haven assets, such as U.S. Treasuries, have lost their risk-free allure due to a rapidly evolving global financial order. 



He pointed to Bitcoin's resilience, noting its faster recovery compared to traditional stocks following recent market downturns triggered by global trade uncertainties, including tariffs imposed by the Trump administration.



"In a world where stock markets crashed, yes, the Bitcoin price went down because of all the uncertainty that was out there. But Bitcoin bounced back faster than any of the stocks did," Rocca said, emphasizing its growing credibility as a store of value.



He further highlighted Bitcoin's potential to serve as a <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44977898/bitcoin-gold-are-top-inflation-hedges-says-coinbases-john-dagostino">hedge against currency devaluation</a> and restrictive capital controls, particularly in emerging markets where tariff-driven policies could exacerbate economic volatility.



"In a world of huge uncertainty, here's an asset that is not controlled by any government. Here's an asset that's completely decentralized, it's finite, and nobody can print more of it," Rocca stated, advocating for a long-term view of Bitcoin as a reserve currency rather than a speculative asset.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45096202/eric-trump-advocates-for-crypto-says-banks-need-to-evolve-or-face-irrelevance">Eric Trump Advocates For Crypto, Says Banks Need To Evolve Or Face Irrelevance</a>



Why It Matters: Xapo Bank, which began as a Bitcoin wallet provider in 2013, has transformed into a fully regulated private bank based in Gibraltar, catering to high-net-worth individuals and long-term Bitcoin holders.



The bank offers a suite of services, including secure custody, borrowing against Bitcoin, yield generation through conservative investment strategies, and competitive trading options. 



Unlike crypto exchanges focused on short-term trading, Xapo targets clients who prioritize wealth preservation over speculative gains. 



Rocca noted that 25% of Xapo's customers are over 50, reflecting a demographic with a lower risk appetite seeking stable, secure Bitcoin management.



Rocca cautioned that Bitcoin's volatility and fragmented regulatory environments, particularly in the U.S., pose challenges to its widespread adoption as a reserve currency. 



In the U.S., state-by-state licensing requirements complicate operations for crypto banks, lacking the federal-level cohesion seen in regions like the European Economic Area. 



"If I get a license in New York, why does that not apply to all the other states?" Rocca questioned, highlighting the need for streamlined regulations to foster innovation without stifling the industry.



Despite these hurdles, Rocca remains optimistic about Bitcoin's trajectory, predicting it will shed its speculative reputation within the next few years. 



He emphasized Xapo's role in providing peace of mind through robust security measures, noting the bank's decade-long experience and millions invested annually in safeguarding client assets. 



This contrasts with the risks of self-custody, where a single error could lead to significant losses, especially as Bitcoin's value is projected to rise.



Critics, however, argue that Bitcoin's price swings and lack of universal regulatory clarity could undermine its reliability as a reserve currency, particularly in emerging markets prone to economic shocks. 



Additionally, the integration of Bitcoin into traditional banking systems remains complex, with large institutions hesitant to fully embrace decentralized assets due to competitive dynamics and trust issues.



Xapo's strategy aligns with a broader trend of institutional interest in Bitcoin, spurred by the success of Bitcoin ETFs from firms like BlackRock (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NASDAQ">BLK</a>) and Fidelity. 



What&#8217;s Next: Rocca sees crypto banks like Xapo bridging the gap between traditional finance and decentralized assets, offering services that appeal to clients building generational wealth.



"My view, this is what we're betting Xapo on, is that people will eventually take a long-term view of Bitcoin as a reserve currency," he said, reinforcing the bank's commitment to this vision.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45039399/strategy-buys-15355-bitcoin-for-142-billion-year-to-date-btc-yield-hits-137">Strategy Buys 15,355 Bitcoin For $1.42 Billion, Year-To-Date BTC Yield Hits 13.7%</a></li>
</ul>



Image: Shutterstock

Bitcoin Betters Stocks In Uncertain World, Says Xapo Bank CEO: 'Nobody Can Print More Of It'

Charles d'Haussy, director of the DYDX Foundation, forecasts a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price surge to $150,000 by mid-October 2025, followed by a capital rotation into altcoins, driven by clearer U.S. regulations and <a href="https://www.benzinga.com/markets/equities/25/04/45032435/trump-tariffs-prompt-suspension-of-chinese-factory-operations-and-shift-to-new-markets">settling tariff disputes</a>.



What Happened: In an interview with Benzinga, d'Haussy shared his outlook for the cryptocurrency market, emphasizing the impact of the Trump administration's policies and global economic shifts on decentralized finance and crypto derivatives.



D'Haussy predicted that within the next 100 days, the U.S. will see the passage of the <a href="https://www.benzinga.com/content/44656762/sec-says-certain-stablecoins-qualify-as-non-securities-under-new-guidelines">Genius Act and Stablecoin Act</a>, enabling banks to mint and manage stablecoins, thus boosting market liquidity.



He anticipates these regulatory clarifications will stabilize markets, allowing investors to better navigate the tariff-driven economic landscape.



He further noted that tariff disputes will resolve country by country, providing clarity on economic impacts by late summer. 



This, combined with central banks' responses to weakening domestic economies, will trigger a "printing festival" starting with the U.S. Federal Reserve by September 2025. 



"Come September, there's gonna be a printing festival. So the first one to start the dance of the printing festival will be the central banks of the U.S.," d'Haussy said, predicting increased fiat and stablecoin liquidity that will fuel equity and crypto market rallies.



Bitcoin, as the market's flagship asset, will lead the charge, potentially reaching $150,000 by mid-October, according to d'Haussy. 



He expects institutional investors, viewing Bitcoin as a store of value akin to gold, to then rotate profits into altcoins, starting with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which he projects could hit $5,000.



"Bitcoin will pump first because the brand is there. Bitcoin is the father of all of us, is the OG," he remarked, highlighting its market dominance.



Also Read: <a href="https://www.benzinga.com/markets/25/04/45026968/bitcoin-fundamentally-decoupled-from-us-tech-stocks-blackrocks-jay-jacobs-says">Bitcoin Fundamentally Decoupled From US Tech Stocks, BlackRock&#8217;s Jay Jacobs Says</a>



Why It Matters: The rotation into altcoins will favor DeFi projects like DYDX, Aave (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/aave/usd">AAVE</a>), Lido (CRYPTO: LIDO), Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>), and Morpho, which d'Haussy believes offer tangible business models and clear paths to profitability.



"The one which have a business are mostly in DeFi… you can look at the business and think, okay, this token is underpriced or overpriced," he explained, contrasting these with speculative projects lacking fundamentals.



DYDX, a decentralized exchange (DEX) focused on crypto derivatives, has processed $1.5 trillion in trading volume since 2018 and $200 billion on its proprietary DYDX chain since migrating from Ethereum two years ago. 



Its unique staking model rewards users with USDC from protocol fees, distinguishing it from inflationary staking systems like Ethereum or Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>). 



D'Haussy acknowledged the need for cautious retail engagement, advocating for trust in established brands like DYDX to rebuild confidence. 



He also highlighted DeFi's transparency, noting that platforms like DYDX provide open data accessible to all, including AI trading agents, which are beginning to interact with the platform. 



While optimistic about DeFi's growth, he cautioned that not all altcoins will benefit equally, urging investors to focus on projects with proven business models.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/25/04/45026851/bitcoin-etfs-see-442m-daily-inflow-as-btc-hovers-around-94-000">Bitcoin ETFs See $442M Daily Inflow As BTC Hovers Around $94,000</a></li>
</ul>



Image: Shutterstock

Bitcoin To Hit $150,000 By October, Says DYDX's Charles d'Haussy

Bo Hines, Executive Director of the President's Council of Advisors on Digital Assets, outlined the Trump administration's aggressive push to transform the U.S. into a global cryptocurrency leader <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44628685/bitcoin-is-a-realistic-global-reserve-asset-experts-say">during a recent discussion</a>.



What Happened: In an interview with the Bitcoin Magainze, Hines <a href="https://www.youtube.com/watch?v=uIBcQgfRrDg">detailed</a> efforts to dismantle Operation Choke Point 2.0, establish a Strategic Bitcoin Reserve, and advance pro-Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) legislation, marking significant steps in the administration's first 100 days.



Hines described Operation Choke Point 2.0, an alleged regulatory campaign that restricted crypto firms' access to banking, as a form of "lawfare" that stifled innovation. 



He noted that a first-week executive order set the tone, creating an interagency working group to reverse these policies. 



The Securities and Exchange Commission has since dropped key lawsuits, and banking regulators have issued guidance to ease restrictions on crypto businesses, signaling a shift toward a crypto-friendly environment.



The <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44816721/bitcoin-price-rips-through-86k-as-strategic-reserve-push-gains-global-traction">Strategic Bitcoin Reserve</a>, formalized by a March 6 executive order, aims to position the U.S. as a "Bitcoin superpower." Hines emphasized Bitcoin's uniqueness, likening it to "digital gold" due to its finite supply and intrinsic value.



The administration is exploring budget-neutral acquisition strategies, such as using tariff revenues, to accumulate Bitcoin without taxpayer costs. 



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45096202/eric-trump-advocates-for-crypto-says-banks-need-to-evolve-or-face-irrelevance">Eric Trump Advocates For Crypto, Says Banks Need To Evolve Or Face Irrelevance</a>



Why It Matters: Treasury officials are currently auditing existing government-held Bitcoin to lay the groundwork for further accumulation.



Hines also highlighted legislative goals, aiming to deliver stablecoin and market structure bills to President Trump's desk by August 2025. 



These measures, expected to gain bipartisan support, seek to provide regulatory clarity and foster innovation. 



The administration's three-phase plan, demolition of restrictive policies, construction of new laws, and integration of blockchain into financial systems, underscores its commitment to revolutionizing U.S. financial technology.



The White House hosted its <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44187394/donald-trumps-crypto-summit-is-a-critical-moment-experts-say">first-ever Crypto Summit</a>, engaging industry leaders to inform policy decisions.



Hines, who developed an interest in Bitcoin after playing in the 2014 Bitcoin Bowl, stressed the importance of financial privacy and transparency offered by blockchain. 



He rejected claims that digital assets enable more illicit activity than traditional finance, citing public ledgers' traceability.



Hines credited President Trump's leadership and private-sector advisors like David Sacks for the administration's rapid progress.



He expressed confidence that these initiatives will cement the U.S. as the "crypto capital of the world," reshaping how Americans interact with money.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45039399/strategy-buys-15355-bitcoin-for-142-billion-year-to-date-btc-yield-hits-137">Strategy Buys 15,355 Bitcoin For $1.42 Billion, Year-To-Date BTC Yield Hits 13.7%</a></li>
</ul>



Image created using artificial intelligence with Midjourney.

Inside Donald Trump's Plan To Become The 'Bitcoin Superpower'

Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) is up 7% in the past 24 hours and 23% over the past 30 days, showing notable relative strength, with traders and analysts pointing to bullish momentum, fresh utility and <a href="https://www.benzinga.com/money/floki-price-prediction">key partnerships as drivers</a>.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>)</td><td>&nbsp;$0.00008707</td><td>$836.3 million</td><td>+4.3%&nbsp;</td><td>&nbsp;+23.1%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>&nbsp;$0.1700</td><td>$25.3 billion</td><td>-4.8%&nbsp;</td><td>&nbsp;-6.8%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00001293</td><td>$7.6 billion</td><td>-4.9%&nbsp;</td><td>-4.9%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Posty noted price action is "playing out almost perfectly," saying it's the only top 10 meme coin in the green on Wednesday.



 Analyst CRG flagged that Floki is holding above the daily cloud, showing continued bullish strength.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> now firmly above the daily cloud Best performer of the top 100 today Beauty <a href="https://t.co/1aUYa21m0x">https://t.co/1aUYa21m0x</a> <a href="https://t.co/XXahXTdify">pic.twitter.com/XXahXTdify</a>&mdash; CRG (@MacroCRG) <a href="https://twitter.com/MacroCRG/status/1917508012060627166?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Glauber Contessoto <a href="https://x.com/ProTheDoge/status/1917471006953725996">outlined</a> five factors behind Floki&#8217;s staying power, saying it is the only meme coin besides DOGE with its own ETP, survived multiple cycles like DOGE and SHIB. 



It is also the largest meme coin on Binance Smart Chain and the only meme coin to break all-time highs. 



Trader Unipcs called Floki's resilience "interesting," highlighting its relative strength compared to peers.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">interesting relative strength from <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> recently &#x1f440; <a href="https://t.co/j7LmiKlWXj">https://t.co/j7LmiKlWXj</a> <a href="https://t.co/VtDuaNv5dQ">pic.twitter.com/VtDuaNv5dQ</a>&mdash; Unipcs (aka &#39;Bonk Guy&#39;) &#x1f392; (@theunipcs) <a href="https://twitter.com/theunipcs/status/1917507180741394704?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Statistics: IntoTheBlock data shows an increase of 5% in large transaction volume and transactions greater than $100,000 increased from 15 to 16. Around 53% Floki holders are making profit at current levels.



Coinglass data shows Floki open interest decreased 1.8% while derivatives trading volume narrowed by 25.6%.



Community News: In an X <a href="https://x.com/RealFlokiInu/status/1916913017972834771">post</a> on April 28, Floki recently unveiled a partnership with Rice Robotics, announcing the upcoming launch of an AI-powered companion robot, the FLOKI minibot M1. 



The robot will be natively integrated with Rice's decentralized RICE AI protocol, marking another utility-backed milestone for the Floki ecosystem.



Read Next:&nbsp;



<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/45030998/dogecoin-millionaire-says-give-a-serious-thought-to-floki-as-memecoin-makes-impressive-30-gains-over-7-days-asks-followers-to-strap-in">Dogecoin &#8216;Millionaire&#8217; Says Give A &#8216;Serious&#8217; Thought To Floki As Memecoin Makes Impressive 30% Gains Over 7 Days, Asks Followers To &#8216;Strap In&#8217;</a></li>
</ul>



Image: Shutterstock

Floki Jumps 23% In 7 Days: What's Powering The Relative Strength Against Dogecoin, Shiba Inu?

Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) will be reporting its first-quarter earnings on Wednesday. Wall Street expects 33 cents in EPS and $922.53 million in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=HOOD" target="_blank" rel="noreferrer noopener"> after market hours</a>.



The stock is up 199.39% over the past year, 25.18% YTD.



Let&#8217;s look at what the charts indicate for HOOD stock and how it maps against Wall Street estimates.



Read Also: <a href="https://www.benzinga.com/25/04/45057303/cathie-wood-chops-palantir-ark-invest-dumps-9-1-million-worth-of-stock-also-sells-meta-and-robinhood-shares">Cathie Wood Chops Palantir: Ark Invest Dumps $9.1 Million Worth Of Stock, Also Sells Meta And Robinhood Shares</a>



<h2 class="wp-block-heading">HOOD Stock Strongly Bullish Ahead Of Q1 Earnings&nbsp;</h2>



HOOD stock is displaying a technically strong bullish setup, with short- and long-term indicators aligning in the stock's favor.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0430"><img loading="lazy" decoding="async" width="627" height="489" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30080904/Screenshot-2025-04-30-at-4.10.52-PM.png" alt="" class="wp-image-894759" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30080904/Screenshot-2025-04-30-at-4.10.52-PM.png 627w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30080904/Screenshot-2025-04-30-at-4.10.52-PM-300x234.png 300w" sizes="(max-width: 627px) 100vw, 627px" /></a></figure>



<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0430" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>



HOOD stock, at $49.37 &#8211; trades comfortably above its five, 20 and 50-day exponential moving averages, signaling solid upward momentum and continued buying pressure. The stock&#8217;s position above its eight-day simple moving average (SMA) of $45.46, 20-day SMA of $42.31 and 50-day SMA of $44.31 confirms the bullish trend.



From a longer-term perspective, HOOD remains firmly above its 200-day simple moving average of $34.67, reinforcing the strength of the rally. The Moving Average Convergence Divergence (MACD) reading of 1.34 suggests positive price momentum is still building. At the same time, the Relative Strength Index (RSI) at 60.85 indicates the stock is approaching &#8211; but hasn't yet entered &#8211; overbought territory.



For investors, this technical setup supports a bullish outlook, though some caution may be warranted if RSI creeps higher.



<h2 class="wp-block-heading">Robinhood Analysts See Over 15% Upside</h2>



Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/HOOD/analyst-ratings" target="_blank" rel="noreferrer noopener"> The consensus analyst rating</a> for Robinhood stock is currently Overweight, with a price target of $62 per share. The latest analyst calls from Keybanc, JMP and Barclays imply a 15.43% upside for Robinhood stock. Their average price target of $56.67 suggests confidence in HOOD's continued rally.



HOOD Price Action: Robinhood stock closed the trading day Tuesday at $49.37, up 0.90%.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/25/04/45078148/6-stocks-showing-momentum-as-the-market-rebounds">6 Stocks Showing Momentum As The Market Rebounds</a></li>
</ul>



Photo: Shutterstock

Robinhood Stock Soars 199% In A Year - Can Q1 Earnings Keep The Rally Alive?

Despite recession fears looming, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remains the preferred asset for asymmetric upside and may be primed for another move higher in the months ahead, <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45096202/eric-trump-advocates-for-crypto-says-banks-need-to-evolve-or-face-irrelevance">according to prominent commentators</a>.



What Happened: In a <a href="https://x.com/DTAPCAP/status/1917377996979159433">post</a> on X on April 30, Dan Tapiero, founder of DTAP Capital highlighted the decline in U.S. consumer expectations, now at 54.4.



This matches the 2009 financial crisis lows and stands below COVID-era panic levels; an ominous signal for the broader economy.



Tapiero warned that the Fed is &#8220;playing with fire&#8221; and argued that much lower rates and a weaker dollar will be necessary to offset growing fiscal drag. 



In that environment, fiat debasement could drive capital into Bitcoin.



Crypto trader Byzantine General added that Bitcoin is grinding against resistance with a neutral basis and little passive supply visible, implying potential for another upside breakout.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Neutral basis, keeps grinding against resistance, not much passive supply in the books, &#8230; Kinda looks like <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> wants to pop higher at least one more time. <a href="https://t.co/z8QSJh5sou">pic.twitter.com/z8QSJh5sou</a>&mdash; Byzantine General (@ByzGeneral) <a href="https://twitter.com/ByzGeneral/status/1917289736395280685?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45079322/bitcoin-glued-to-95000-but-wednesday-inflation-data-could-spur-a-breakout">Bitcoin Glued To $95,000 But Wednesday Inflation Data Could Spur A Breakout</a>



Why It Matters: Economist and trader Alex Krüger <a href="https://x.com/krugermacro/status/1917086346109411725">said</a> the U.S. is entering a sharp economic slowdown that could turn into a full recession by the third quarter. 



While Trump's trade pause may soften some of the impact, the near-term market focus is on tariff developments and tech earnings.  



Payrolls data is seen as less relevant due to its lagging nature, whereas the upcoming FOMC meeting could be pivotal if Fed Chair Jerome Powell hints at earlier rate cuts. 



The near-term outlook favors risk assets amid easing trade tensions and a lack of major negative earnings shocks, though volatility remains high.



Krüger, who recently began de-risking, said Bitcoin remains his top pick over equities due to its dual nature as both a high-risk asset and a store of value. 



He flagged July 8, when Trump's 90-day tariff pause expires, as a major inflection point.



Although altcoins have already surged, Krüger cautioned against fear of missing out and emphasized maintaining discipline: "Markets may diverge wildly from fundamentals, stay level-headed regardless of political lean."



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45076518/bitcoin-is-a-commodity-like-gold-says-commerce-secretary-lutnick">Bitcoin Is A Commodity Like Gold, Says Commerce Secretary Lutnick</a></li>
</ul>



Image: Shutterstock

Bitcoin Stays The Course At $95,000 But Recession Fears Linger

Eric Trump, executive vice president of the Trump Organization and the younger son of President Donald Trump, criticized the current financial system as outdated and inefficient, suggesting that cryptocurrency offers a faster and more cost-effective alternative. 



What Happened: Speaking this week in Dubai, he warned that traditional banks could become obsolete within the next decade if they fail to adapt.



In a thorough critique delivered during his visit to the UAE, which is an emerging hub for digital currencies, Trump called SWIFT "an absolute disaster." 



He said, "there's nothing that can be done on blockchain that can't be done better than the way that the current financial institutions are working," in a conversation <a href="https://www.cnbc.com/2025/04/30/eric-trump-if-banks-dont-watch-whats-coming-theyll-be-extinct-in-ten-years-.html">with</a> CNBC.



"The modern financial system is broken, it's slow, it's expensive," he said. "If the banks don't watch what's coming, they're going to be extinct in 10 years." He argued that decentralized finance allows for private, low-cost transactions and said that the U.S. banking system "favors the ultra-wealthy" and is politically weaponized.



To establish his point about the increasing irrelevance of banks, Trump said: "You can open up a DeFi app right now, you can open up any cryptocurrency app, and you can send money, wallet to wallet, instantaneously, without the expense, without the variability" of banks.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Eric Trump on cryptocurrency: Traditional banks risk going extinct" width="500" height="281" src="https://www.youtube.com/embed/cLnNedcVgcU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



See Also: <a href="https://www.benzinga.com/markets/equities/25/04/45090925/trumps-call-to-jeff-bezos-over-amazons-tariff-display-plans-draws-criticism-from-peter-schiff-this-is-the-type-of-stuff-you-might-expect-to-see-in-china">Trump&#8217;s Call To Jeff Bezos Over Amazon&#8217;s Tariff Display Earns Peter Schiff&#8217;s Ire: &#8216;Type Of Stuff You Might Expect To See In China&#8217;</a>



Why It Matters: Trump's remarks come at a time when major banks like <a href="https://www.jpmorgan.com/kinexys/index">JP Morgan</a> are creating blockchain platforms and crypto services to keep up with the rapid scale of digital transformation. His comments also coincide with increasing regulatory scrutiny of crypto markets after notable episodes of volatility and collapses.



Meanwhile, the Trump administration has fashioned itself as a <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43836911/trump-reiterates-resolve-to-make-us-the-crypto-capital-critic-labels-idea-of-bitcoin-reserve-legislation-absurd">champion of digital currencies</a>, and the Trump family is entangled with initiatives such as the <a href="https://www.benzinga.com/news/legal/25/04/45077156/trump-affiliated-world-liberty-financial-defies-ethics-concerns-raises-550-million">World Liberty Financial</a> and American Bitcoin.



Eric Trump's comments come just ahead of his father's scheduled trip to the Gulf from May 13 to 16, with stops in the UAE, Saudi Arabia, and Qatar. The visit will mark the first time a U.S. president has visited the Emirati sheikhdom since George W. Bush in 2008.



Trump, dubbed the &#8220;crypto president,&#8221; recently completed his first 100. While he delivered on his campaign promise to establish a national <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">Bitcoin Strategic Reserve</a>, funded with coins seized through asset forfeiture, the move hasn&#8217;t put a stop to Bitcoin's slide. The cryptocurrency, which hit an all-time high of $109,000 before Trump's inauguration, has since <a href="https://www.benzinga.com/25/04/45092876/bitcoin-sinks-13-in-trumps-first-100-days-but-do-you-remember-how-the-apex-crypto-fared-during-bidens-presidency">fallen more than 13%. </a>



Analysts attribute the decline to increasing economic turmoil catalyzed by Trump's aggressive tariff policies. Despite a brief rebound from a low of $76,000, Bitcoin remains far below its peak. 



Read Next: <a href="https://www.benzinga.com/news/earnings/25/04/45089879/paypal-says-buy-now-pay-later-users-spend-33-more-make-17-more-transactions-pushes-for-global-rollout" target="_blank" rel="noreferrer noopener">PayPal Says ‘Buy Now, Pay Later' Users Spend 33% More, Make 17% More Transactions—Pushes For Global Rollout</a>



Image Via Shutterstock

Eric Trump Warns Banks Could Be 'Extinct In 10 Years' If They 'Don't Watch What's Coming,' Touting Blockchain As 'Better' Alternative

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/30105104/bedzinga-1-1024x576.jpg" alt="" class="wp-image-11905" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/30105104/bedzinga-1-1024x576.jpg 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/30105104/bedzinga-1-300x169.jpg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/30105104/bedzinga-1-768x432.jpg 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/30105104/bedzinga-1.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



The world of crypto trading is undergoing a seismic transformation. What was once a volatile, sentiment-driven market is increasingly governed by machine learning models, sentiment analytics, and AI-optimized strategies. In 2025, the future of crypto isn't just decentralized it's automated. &nbsp;



Auto Trading bots have existed in traditional equity markets for many years, but AI has given them a new edge.



Institutional Traders Are All In on AI



Wall Street and other financial centers are not just watching from the sidelines. Major hedge funds and trading desks are deploying proprietary AI models that parse order book dynamics, social media sentiment, ETF flows, and macroeconomic data in milliseconds. These systems can adapt strategies in real time, optimizing execution without emotional bias.



What makes this shift significant is that it's narrowing the edge that once favored manual traders. The barrier to entry now lies in compute power and access to high-quality data , not just intuition or experience.



Retail Investors Enter the Algorithm Arms Race



Retail platforms are rapidly adapting. Analytics dashboards, and AI-enhanced bots on platforms are democratizing access to algorithmic trading. Users can now backtest strategies, monitor momentum signals, and integrate AI into their portfolios with minimal coding knowledge.



This evolution is creating a smarter retail segment investors who are data-driven, adaptive, and less prone to panic.



Volatility, Liquidity, and the New Normal



With algorithms responding instantly to news, tweets, and regulatory developments, crypto markets in 2025 exhibit micro-volatility which are short bursts of intense movement followed by rapid stabilization. Liquidity providers are increasingly automated as well, meaning spreads tighten faster but whipsaws are more common.



It's a new dynamic where speed and structure outweigh instinct and speculation.



The Future: AI Co-Pilots for Every Investor



Looking ahead, expect more AI "co-pilot" tools and systems that don't just execute trades but explain the reasoning behind them. These tools still require significant back testing to be generally accepted, but natural language interfaces will allow users to ask questions like, "Why did my portfolio shift from ETH to SOL?" and get algorithm-backed answers.



As the crypto ecosystem matures, AI isn't replacing traders—it's augmenting and upgrading them.



<hr class="wp-block-separator has-alpha-channel-opacity" />



Disclosure:



The author does not hold any financial positions in the cryptocurrencies mentioned in this article and has no relevant affiliations with any companies discussed.



Author Bio:



Michael Collins is a veteran financial analyst with three decades of experience in equities, bonds, and macro strategy. He explores how technology is shaping investor behavior at <a href="https://www.cryptoflowzone.com">CryptoFlowZone.com</a>.

The AI-Driven Future of Crypto Trading: How Algorithms Are Rewriting Market Strategies

Eric Trump, a key figure in the Trump Organization, on Wednesday delivered a bold message to traditional banks: <a href="https://www.benzinga.com/news/legal/25/04/45077156/trump-affiliated-world-liberty-financial-defies-ethics-concerns-raises-550-million">evolve or face irrelevance</a>.



What Happened: <a href="https://www.cnbc.com/2025/04/30/eric-trump-if-banks-dont-watch-whats-coming-theyll-be-extinct-in-ten-years-.html">Speaking </a>with CNBC as the United Arab Emirates cements its role as a leading center for digital currencies, Trump highlighted the shortcomings of conventional financial systems, labeling them sluggish and overpriced.



He championed blockchain technology as a game-changer, offering swift, cost-effective solutions that could redefine how money moves globally.



Trump's visit coincides with the Trump Organization's growing footprint in the UAE's real estate market, a region he sees as a beacon of innovation due to its crypto-friendly policies. 



The Gulf nation's welcoming regulatory environment has lured startups, investors, and major crypto events, positioning it as a global leader. 



Trump, a staunch advocate for digital assets, sees decentralized finance (DeFi) as a way to empower users by cutting out middlemen, slashing fees, and speeding up transactions compared to traditional banking.



The crypto market, though turbulent amid global economic shifts like trade tariffs under President Donald Trump's administration, remains a focal point for Eric Trump. 



With Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) recently trading near $95,000, he has boldly predicted it could soar to $1 million. 



He argued that the current financial system disproportionately benefits the elite, leaving most people underserved, a factor that pushed him toward cryptocurrencies.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45039399/strategy-buys-15355-bitcoin-for-142-billion-year-to-date-btc-yield-hits-137">Strategy Buys 15,355 Bitcoin For $1.42 Billion, Year-To-Date BTC Yield Hits 13.7%</a>



Why It Matters: The Trump family is deeply embedded in the crypto space. Eric and his brother, Donald Trump Jr., are driving initiatives like <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44569369/trump-family-tightens-grip-on-defi-platform-world-liberty-financial">World Liberty Financial</a>, a platform launched with real estate tycoon Steve Witkoff, and American Bitcoin, a new venture focused on cryptocurrency mining.



Plans for a stablecoin tied to the U.S. dollar are also in the works. Meanwhile, President Trump and Melania Trump's forays <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45027557/trumps-memecoin-dinner-event-sparks-impeachment-call-from-democratic-senator-says-potus-is-selling-access-to-those-who-enrich-him">into meme coins</a> have sparked debates about ethical boundaries in their business dealings.



The UAE's rise as a crypto powerhouse aligns with broader Gulf trends, which Eric Trump praised for fostering pro-business climates. 



His remarks come ahead of President Donald Trump's planned trip to the UAE, Saudi Arabia and Qatar, a visit that underscores the administration's close alliances with Gulf leaders.



This trip, the first by a U.S. president to the UAE since 2008, reflects a shared vision for economic growth through innovation.



While some financial giants are dipping into blockchain and crypto trading, skeptics caution that digital currencies carry risks, including regulatory gaps and security concerns. 



Still, Eric Trump is unwavering, warning that banks ignoring the crypto wave could vanish within a decade as DeFi reshapes the financial world.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45039243/xrp-is-the-top-altcoin-bet-10x-research">XRP Is The Top Altcoin Bet: 10x Research</a></li>
</ul>



Image: Shutterstock

Eric Trump Advocates For Crypto, Says Banks Need To Evolve Or Face Irrelevance

Cryptocurrency markets are awaitingtoday's release of core PCE inflation data, trading in a tight sideways range on Wednesday morning.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$94,921</td><td>+0.0%</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$1,805</td><td>-1.8%</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$147.25</td><td>-1%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.23</td><td>-3%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.1751</td><td>-2.3%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00001338</td><td>-2.3%</td></tr></tbody></table></figure>



Notable Statistics:



<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 77.7% and daily active addresses growing by 28.9%. Transactions greater than $100,000 are up from 7,991 to 10,589 in a single day. Exchanges netflows are down by 126%.</li>



<li>Coinglass data reports 85,275 traders were liquidated in the past 24 hours for $145.97 million.</li>
</ul>



Notable Developments:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45066492/bitcoin-steady-at-95000-as-us-bitcoin-etfs-record-591-million-net-inflows">Bitcoin Steady At $95,000 As US Bitcoin ETFs Record $591 Million Net Inflows</a></li>



<li><a href="https://www.benzinga.com/news/large-cap/25/04/45075960/mastercard-bets-on-cross-border-payments-with-300-million-corpay-deal">Mastercard Bets On Cross-Border Payments With $300 Million Corpay Deal</a></li>



<li><a href="https://www.benzinga.com/news/legal/25/04/45077156/trump-affiliated-world-liberty-financial-defies-ethics-concerns-raises-550-million">Trump-Affiliated World Liberty Financial Defies Ethics Concerns, Raises $550 Million</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45058619/arizona-moving-to-convert-up-to-10-of-its-treasury-to-bitcoin-legislature-clears-bills-paving-way-for-strategic-crypto-reserve">Arizona Moving To Convert Up to 10% Of Its Treasury To Bitcoin: Legislature Clears Bills Paving Way For Strategic Crypto Reserve</a></li>
</ul>



Trader Notes: CryptoCon <a href="https://x.com/CryptoCon_/status/1917270120638079169">emphasized</a> that Bitcoin has just confirmed strong support on the MVRV-Z metric, a historically reliable indicator for market cycles. 



There&#8217;s still substantial upside remaining before BTC approaches levels typically associated with cycle tops, suggesting the current bull phase is far from over.



"This cycle hasn't yet displayed the typical ‘top' behavior we've seen in the past,&#8221; he noted, implying that the peak likely still lies ahead. In this context, a bullish outlook is not just warranted as it appears increasingly inevitable. 



Meanwhile, trader Jelle highlighted that Bitcoin is approaching the apex of an ascending triangle, a classic bullish continuation pattern that often precedes breakouts to new highs.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> edging closer and closer to a breakout from the ascending triangle &#x1f440; <a href="https://t.co/Eyp4yvphg1">pic.twitter.com/Eyp4yvphg1</a>&mdash; Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1917268786669130201?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Trader Inmortal <a href="https://x.com/inmortalcrypto/status/1917269697512325533">added</a> that recent price action reminds him of vertical accumulation phases seen in past bull markets, powerful consolidation zones that often precede explosive upward moves. 



A breakout from here would be "a strong show of strength," he said. 



Adding further confluence, analyst Ali Martinez pointed to a golden cross between the MVRV Ratio and its 365-day simple moving average, a rare technical event that historically marks the start of major Bitcoin bull rallies.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A golden cross between the MVRV Ratio and its 365-day SMA could mark the start of a new bull rally for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. One to watch closely! <a href="https://t.co/BrDrNOfgEY">pic.twitter.com/BrDrNOfgEY</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1917251279472189450?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45076518/bitcoin-is-a-commodity-like-gold-says-commerce-secretary-lutnick">Bitcoin Is A Commodity Like Gold, Says Commerce Secretary Lutnick</a></li>
</ul>



Image: Shutterstock

Bitcoin, Ethereum, XRP, Dogecoin Await Inflation, GDP Data

Anthony Scaramucci, founder and managing partner of SkyBridge Capital, is a widely known Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advocate who routinely uses his social reach and public platforms to promote the leading cryptocurrency.&nbsp;



However, he was not drawn to Bitcoin from the get-go. An intriguing development during his time in the White House impacted his ideas, bringing him closer to the asset.



What happened: Scaramucci served as the White House Communications Director <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44602870/anthony-scaramucci-hates-it-when-trump-pumps-his-own-coin-but-loves-the-presidents-bitcoin-moves-this-complex-crypto-relationship-decoded">for a brief 11-day stint</a> during Trump's last tenure. About five to six years ago, he had heard about Bitcoin, but back then, he found it nonsensical, according to a Fortune <a href="https://fortune.com/2025/03/12/anthony-scaramucci-crypto-trump-tariffs-bitcoin-canada-treasury-price/">report</a> that cited his statement at the Abundance360 summit earlier in March.



Scaramucci remembered that the then-Treasury Secretary Steve Mnuchin and a couple of officials from the Federal Reserve had come to discuss Bitcoin and blockchain technology at the Oval Office.



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/45091619/paypal-says-its-moving-quickly-on-crypto-stablecoinfintech-giant-partners-with-coinbase-to-boost-pyusd">PayPal CEO Says &#8216;Moving Quickly&#8217; To Bring Crypto, Stablecoin Benefits To Users — Fintech Giant Partners With Coinbase To Boost Solana-based PYUSD</a>



While he was fired from service a few days later, he became fascinated by Bitcoin and began extensive research into the cryptocurrency. He soon began investing in Bitcoin via his hedge fund and revealed at the summit that Bitcoin accounted for over 70% of his portfolio.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Our speakers at <a href="https://twitter.com/Abundance360?ref_src=twsrc%5Etfw">@Abundance360</a> shared their portfolio % of Bitcoin: <a href="https://twitter.com/Scaramucci?ref_src=twsrc%5Etfw">@Scaramucci</a>: 70% <a href="https://twitter.com/billbarX?ref_src=twsrc%5Etfw">@BillbarX</a>: 100% <a href="https://twitter.com/LynAldenContact?ref_src=twsrc%5Etfw">@LynAldenContact</a>: 50% I'm at 50%. (This is not investment advice)&mdash; Peter H. Diamandis, MD (@PeterDiamandis) <a href="https://twitter.com/PeterDiamandis/status/1899689647783178319?ref_src=twsrc%5Etfw">March 12, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The conviction is so strong that Scaramucci even <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41643366/missed-jumping-on-the-bitcoin-bandwagon-anthony-scaramucci-says-its-not-too-late-to-climb-">wrote a book</a> about Bitcoin called &#8220;The Little Book of Bitcoin,"&nbsp; a guide to understanding the financial implications of digital asset technology.



He has previously dubbed Bitcoin a "digital store of value" and predicted it could <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42024635/scaramucci-trumps-crypto-support-could-push-bitcoin-to-150k">surge to $150,000</a> if the regulatory issues are solved.



Price Action: At the time of writing, Bitcoin was exchanging hands at $94,806.22, down 0.21% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.



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<li><a href="https://www.benzinga.com/25/04/45090666/nuclear-armed-india-pakistan-heading-for-war-polymarket-bettors-think-yes-amid-pak-ministers-imminent-attack-remark">Nuclear-Armed India, Pakistan Heading For Conflict Again? Polymarket Bettors Think Yes Amid Pak Minister&#8217;s &#8216;Imminent&#8217; Attack Remark</a></li>
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Photo Courtesy: Al Teich On Shutterstock.com

Anthony Scaramucci Wasn't Keen On Bitcoin Initially, But The Eureka Moment Came During His Short White House Tenure Under Trump

Donald Trump, dubbed the "<a href="https://www.benzinga.com/money/which-crypto-is-up-because-of-trumps-inauguration">crypto president</a>," has completed 100 days in office since taking the oath on Jan. 20. Delivering on the pre-election promise, he established a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Strategic Reserve, but it has not been enough to reverse the apex cryptocurrency&#8217;s decline throughout his tenure. 



What happened: Bitcoin <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/43079668/bitcoin-hits-record-109000-ahead-of-trumps-inauguration-sparks-market-rally">recorded </a>its all-time high of $109,000 ahead of Trump's presidential inauguration, owing to high expectations from his administration.



Trump had promised to create a national Bitcoin reserve during the campaign trail, and his subsequent victory fueled a bullish frenzy for the coin, propelling it beyond $100,000 for the first time in history.



Trump kept his promise and passed an executive order creating a reserve that will be funded with <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">Bitcoin owned by the federal government</a>, obtained through criminal or civil asset forfeiture proceedings.



However, even a strong catalyst like this hasn't come to the rescue of the leading digital asset, which has fallen more than 13% during Trump 2.0



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains During First 100 Days Of Trump&nbsp; +/-</td><td>Gains During First 100 Days Of Biden +/-</td></tr><tr><td>Bitcoin</td><td>-13.18%</td><td>+60.4%</td></tr></tbody></table></figure>



See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/44971891/sec-teams-up-with-nayib-bukele-led-el-salvador-for-a-crypto-regulatory-sandbox">SEC Zooms In On Nayib Bukele-Led El Salvador&#8217;s Crypto Regulation Model</a>



The slump has been primarily driven by Trump's <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45084679/q1-gdp-recession-bets-spike-as-trump-tariffs-risk-fuel-2020-style-economic-shock">sweeping tariff measures</a> against key trading partners, which have sparked macroeconomic uncertainty and recession fears.



Notably, Bitcoin's price hit a bottom of $76,000 earlier this month and has since rebounded sharply, although it remains 13% below its peak.



On the other hand, when former President Joe Biden began his tenure on Jan. 30, 2021, Bitcoin was trading around $36,000. Over the next 100 days, it rose to $57,750.18, reflecting a 60% surge. During this time, it also clocked an all-time high of $64,800.



Notably, the Federal Reserve maintained near-zero interest rates during this time, potentially encouraging investments in Bitcoin.



Price Action: At the time of writing, Bitcoin was exchanging hands at $94,817.49, having barely moved in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.



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Photo Courtesy: creativeneko on Shutterstock.com

Bitcoin Falls 13% In First 100 Days Of 'Crypto President' Trump — How Did It Perform Under Biden?

Fintech giant PayPal Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) said Tuesday it was committed to boosting cryptocurrency adoption, with a particular emphasis on its PayPal USD (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PYUSD</a>) stablecoin.



What Happened:&nbsp;During the company&#8217;s first-quarter&nbsp;earnings call, CEO Alex Chriss said PayPal was &#8220;making strides&#8221; and &#8220;moving quickly&#8221; to bring the benefits of cryptocurrency and stablecoins to its user base.



&#8220;Last week, we introduced the ability to earn rewards for holding PYUSD. This will increase the adoption and use of digital currencies for everyday commerce, from sending money internationally to making purchases and more,&#8221; Chriss stated.



Regarding PYUSD, the top executive said PayPal has been strengthening its ties with cryptocurrency industry giants such as Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) to facilitate easier access and usage.



Moreover, the company&#8217;s strategic move to add PYUSD to the Solana blockchain is seen as an attempt to expand its crypto-related services. This move is in line with the rising dominance of stablecoins in the global financial system, as highlighted by tech investor Chamath Palihapitiya. He noted that the weekly transaction volumes of stablecoins have surpassed that of Visa Inc.



See Also: <a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"></a><a href="https://www.benzinga.com/25/04/44971891/sec-teams-up-with-nayib-bukele-led-el-salvador-for-a-crypto-regulatory-sandbox">SEC Zooms In On Nayib Bukele-Led El Salvador&#8217;s Crypto Regulation Model</a>



Why It Matters: PayPal has strategically invested in digital assets, particularly stablecoins, to capitalize on their growing importance in the global financial system.



Last year, it launched <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39068774/paypal-launches-pyusd-stablecoin-on-solana">PYUSD</a>, a dollar-backed cryptocurrency, on the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) blockchain. As of this writing, the stablecoin had a market capitalization of $880 million, making it the sixth-largest overall.



Additionally, PayPal allows customers to buy and sell cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as use them for online purchases.



The company <a href="https://www.benzinga.com/news/earnings/25/04/45067312/paypal-earnings-beat-but-slower-spending-and-checkout-use-weigh-on-results">reported its first-quarter financials</a> on Tuesday, beating earnings predictions but falling short of revenue expectations.



Price Action: Shares of PayPal dipped 0.24% in after-hours trading after closing up 2.14% at $66.32 during Tuesday's regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the stock has lost over 22% of its value.



PayPal recorded a moderate reading on some of its key indicators, including momentum, growth, and quality. Check out the <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to see how rival fintech firms stack up.



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="498" height="186" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30015747/Screenshot-2025-04-30-112732.png" alt="" class="wp-image-894103" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30015747/Screenshot-2025-04-30-112732.png 498w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30015747/Screenshot-2025-04-30-112732-300x112.png 300w" sizes="(max-width: 498px) 100vw, 498px" /></figure>



Photo Courtesy: Michael Vi on Shutterstock.com



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