What to Know:
You are reading the Crypto Daybook Americas, a daily briefing on overnight developments in the cryptocurrency markets and forecasts for the coming day. Subscribe to receive this newsletter at 7 a.m. ET.
For BTC bulls, it’s been a game of ‘heads I win, tails you lose.’ Bitcoin has surged past $94,000, marking a 50% recovery from previous lows of $74,000 during the recent downturn. This rally coincided with President Trump’s comments against firing Fed Chair Jerome Powell, calming market nerves regarding monetary policy.
Key Market Updates:
- Bitcoin’s latest price surge reflects a broader trend in cryptocurrency where assets like SUI, BONK, and IMX saw significant gains.
- Traditional markets are shifting as traders cover short positions on the USD, indicating emerging bullish sentiment.
- Institutional interest in Bitcoin is reigniting with plans for a significant fund from U.S. Commerce Secretary Howard Lutnick’s son, Brandon.
Upcoming Highlights:
- SEC’s Crypto Task Force meeting scheduled for April 25.
- The U.S. Census Bureau will release durable goods orders data on April 24.
Token Events:
- Lido DAO is set to vote on extending their Delegate Incentivization Program.
- Uniswap DAO has multiple proposals open for voting on the future direction of their protocol.
Market Movements:
- Bitcoin is trading at approximately $94,258.40, showing a 6.41% increase in the past 24 hours.
- Ethereum (ETH) is up to $1,795.84, a 10.49% rise.
Chart of the Day:
- A visual representation of fully diluted valuations of various tokens comparing the past year shows a typical 50% drawdown, suggesting timing for profit-taking.
