Zinger Key Points
- Global cryptocurrency market capitalization is trading 3.9% higher to $2.9 trillion.
- One trader sees Bitcoin breaking out to $93,500 if a key level is reclaimed, while another predicts new highs ahead.
- Pelosi’s latest AI pick skyrocketed 169% in just one month. Click here to discover the next stock our government trade tracker is spotlighting—before it takes off.
Crypto markets are rallying on Monday as the S&P 500 is having its best day in two months.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin BTC/USD | $88,253.26 | +3.8% |
| Ethereum ETH/USD | $2,091.79 | +4.8% |
| Solana SOL/USD | $142.75 | +9.3% |
| XRP XRP/USD | $2.46 | +2.8% |
| Dogecoin DOGE/USD | $0.1865 | +9.1% |
| Shiba Inu SHIB/USD | $0.00001359 | +5.7% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 1.6% and daily active addresses falling by 6.4%. Transactions greater than $100,000 are up from 6,288 to 6,350 in a single day. Exchanges netflows are up by 81.2%.
- Coinglass data reports 94,659 traders were liquidated in the past 24 hours for $252.68 million. Bitcoin's open interest increased by 9.5% over the past 24 hours, the highest since early March.
- Glassnode data shows U.S. spot Bitcoin ETFs breaking their five-week net outflow streak.
- TedPillows stated that while Bitcoin whales are buying, retail is scared.
Notable Developments:
- Tokenization Will Merge Crypto And Equities: Bernstein
- How White House’s April 2 Tariffs Might Jolt Bitcoin Traders
- Crypto Tycoon Joins Forces With Elon Musk’s SpaceX To Launch First Private Space Station
- Bitcoin Could Replace Tesla In ‘Magnificent 7’ To Boost Returns, Reduce Volatility: Standard Chartered
Top Gainers:
| Cryptocurrency | Price | Gains +/- |
| FOUR FORM/USD | $2.49 | +22.2% |
| SPX6900 SPX/USD | $0.6146 | +20.6% |
| Berachain BERA/USD | $7.91 | +17.2% |
Trader Notes: As Bitcoin prices picked up steam, crypto trader Jelle noted In a Bitcoin bull market, dips are natural—but so are new highs. "We got the dip out of the way, time for new highs soon?"
The Coin Bureau co-founder Nick Puckrell explained that Bitcoin's upward move is bullish, though it left a CME gap between $84,000-$85,000, which could get filled later.
CryptoCon stated that Bitcoin rebounded as expected from extreme short-term lows. With bearish sentiment high, many will see this as a dead cat bounce—but could the masses be wrong again about a bear market and recession?
Rekt Capital sees Bitcoin testing the 21-Week EMA, trying to reclaim it as support. A successful reclaim could set the stage for a breakout to ~$93,500.
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