Bitcoin Seizes the $95K Throne as Institutions Swarm

DAILY MARKET OVERVIEW

Markets Hold Strong, But Storm Clouds Gather in the Distance

👋 Hey, Crypto Enthusiasts! Bitcoin is flexing its strength, institutions are backing it harder than ever, and real political tailwinds are starting to stir. Let’s dig in.

👑 Bitcoin Reigns at $95K, Institutions Pour In

Bitcoin’s dominance grows stronger as it firmly claims the $95K level, refusing to budge. ETF inflows remain extremely resilient, with close to $600 million entering Bitcoin funds today alone.

Ethereum is also showing signs of strength, with $240 million in ETH ETF inflows over the past three days.

🇺🇸 Arizona Breaks Ground on Bitcoin Reserves

One of today’s biggest headlines is coming out of Arizona, where lawmakers passed a bill allowing up to 10% of state reserve funds to be invested in Bitcoin.

If signed into law by Governor Katie Hobbs, Arizona would become the first US state to mandate Bitcoin as part of its strategic reserve.

• Bill: SB1025 - Arizona Strategic Bitcoin Reserve Act

• Potential BTC purchase: 16,352 BTC based on current prices

It’s a symbolic and practical shift, showing that Bitcoin is increasingly seen as a legitimate treasury asset, not just a speculative play.

🤔 Tariffs Tension Ease?

On the geopolitical front, there’s a flicker of hope.

China has reportedly lifted the 125% tariff on US ethane imports, according to Reuters sources.

While it's a small gesture, it could mark the beginning of a broader de-escalation in trade tensions. However, the real test will come in June and July, when the effects of tariffs start to hit.

💪 Market Resilience Despite Macro Clouds

Even with economic uncertainty and political friction, Bitcoin is holding remarkably well.

This strength is likely being fueled by the rapid institutional adoption we’re seeing across ETFs, asset managers, and now even public sector interest.

The next key levels to watch:

• $88K - a critical zone that could be tested in the next dip.

• New all-time highs are likely in sight if $88K holds on a retest

Right now, BTC’s behavior is telling us one thing - institutions are starting to treat it like gold, but with a lot more of a kick.

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SOCIAL SENTIMENT

Trader Sentiment Snapshot: Early Signs of a Slowdown

Across the crypto communities, the tone is shifting.

Traders are becoming increasingly convinced that the US economy is tipping toward a slowdown, with the early effects expected to show up in June and July data. A full-blown recession is still debated, but the caution lights are flashing.

Short-Term Focus:

• Eyes are on trade tensions and tech earnings over the next two weeks

• Payrolls data is seen as backward-looking and less critical for now

• Next week's FOMC meeting could be the real catalyst - especially if Powell signals faster rate cuts

How Traders are Positioned:

• Risk-taking is still happening, but becoming more selective

• Some light de-risking underway after riding the tariff news rally

• Bitcoin remains the favorite upside exposure, behaving more like a hybrid between a safe haven and a tech bet

Mid-Term Views Split Wide Open:

• Scenario 1: Trump deploys aggressive stimulus, fueling a late-cycle melt-up

• Scenario 2: Trade fallout + tight liquidity = deeper market cracks ahead

Everyone agrees: what happens after July 8 (when current tariff agreements expire) will set the stage for the rest of 2025.

Altcoin Caution Rising:

• Traders are becoming wary of chasing altcoin rallies

• Expect more volatility and better opportunities ahead for patient buyers

• BTC and a handful of large-caps seen as safer bets for now

Political narratives are heating up, but price action and policy shifts must remain your primary compass.

This is a market where flexibility, not conviction, wins.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Arizona Lawmakers Approve Bitcoin and Crypto Reserve Bills
Two major crypto bills pass both chambers, setting Arizona up as a potential leader in state-level digital asset adoption.

South Korea’s Ruling Party Backs Spot Crypto ETFs Ahead of Election
The People Power Party unveils sweeping pro-crypto reforms, including ETF approvals and banking access changes.

Nasdaq Files to List 21Shares Dogecoin ETF
DOGE could join Bitcoin and Ethereum with a spot ETF, as the SEC review process moves forward.

Circle Wins Abu Dhabi Approval for Global Expansion
The USDC issuer secures in-principle approval to operate in ADGM, expanding its Middle East footprint.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Ivan On Tech – BITCOIN: GLOBAL FOMO STARTING!!!!! (29.04.2025 Summary)

Quick Overview from Ivan On Tech

• 🚀 Bitcoin holding strong at 94–95K, pushing toward 100K

• 🌍 Global financial order shifting, trust in USD and treasuries fading

• 🏛️ Arizona and North Carolina advance Bitcoin reserve legislation

• 📈 ETF inflows bounce back with $3.4B entering BTC and ETH

• 🧮 Not enough Bitcoin for all millionaires, demand will outpace supply

• ⚙️ Ethereum plans to scale Layer 1, shaking up the L2 landscape

• 💳 Mastercard to support stablecoin payments for global usage

• 🪙 Solana and Sui gain traction as treasury assets

• 💼 Solana startups showing early profitability with minimal overhead

• 🔁 Sui token unlock incoming, market watching closely

Global Macro and Bitcoin Adoption

• Ray Dalio says the old monetary system is over, crypto is rising

• Nations are reducing reliance on US treasuries and turning to gold and Bitcoin

• Arizona leads the way with Bitcoin reserve legislation, followed by North Carolina

• Swiss economists urge their central bank to directly hold Bitcoin, not just through equities

Bitcoin Scarcity and Institutional FOMO

• 58 million millionaires exist, but only 21 million Bitcoin

• Even if each millionaire wanted one BTC, supply falls far short

• Bitwise highlights this mismatch as the key long-term bullish case

• ETF demand returning fast after weeks of outflows, signaling renewed appetite

Ethereum's Shift to Scaling Layer 1

• Ethereum Foundation wants to scale L1 directly, sparking debate

• L2s may lose relevance if L1 becomes scalable and affordable

• Critics question whether ETH is undermining its own ecosystem

• Ivan sees this as a bullish narrative since markets price in future potential

Stablecoin Infrastructure and Merchant Integration

• Mastercard will enable stablecoin payments across its network

• This unlocks crypto spending in retail without the need to convert to fiat

• Ivan sees this as the final missing piece for real-world crypto adoption

Solana and Sui: Treasury and Ecosystem Growth

• Multiple public firms now hold Solana on their balance sheets

• Ivan compares this to the early days of MicroStrategy's Bitcoin buying

• Sui is following a similar path, aiming to challenge Solana’s dominance

• A $200M unlock on Sui this week could create volatility but also opportunity

Solana Startups and Profit Potential

• Solana-based startups are lean and profitable due to low fees

• Tether is used as an example of high-margin, low-cost crypto business success

• 1inch is moving into the Solana ecosystem to compete with Jupiter

Market Positioning and Current Trends

• Bitcoin dominance remains high at 64 percent

• Market is flat, but all eyes are on BTC approaching 100K

• Altcoins like Cookie and Lisk are showing early signs of reversal

• Ivan believes a breakout above 100K could trigger massive upside momentum
  

Lark Davis – Bitcoin Be Very Careful Here (29.04.2025 Summary)

Quick Overview from Lark Davis

• 🚨 Bitcoin facing strong resistance at $95,000

• 📰 Arizona and Brazil making big institutional Bitcoin moves

• 📉 Macro risks still lurking, possible recession later this year

• 💰 ETF inflows show massive Wall Street demand

• 📊 Technicals look good but key confirmations still missing

• ⚙️ Ethereum upgrade (Fusaka) could shift momentum

• 😬 Market sentiment reflects disbelief phase

• 💩 Meme coins extremely volatile with pump and dump risk

• 🪙 Altcoins like Chainlink, AI6Z, Virtuals showing real strength

Market Conditions and Bitcoin Outlook

• Bitcoin is stuck under $95,000 with multiple rejections on the daily chart

• Lark sees a pullback to around $89,000 as likely and even healthy

• Weekly chart looks bullish with a bounce off the 50-week EMA

• MACD is curving upward, but no confirmed bullish crossover yet

• Despite optimism, this remains a high-risk area without confirmation

Major Institutional Headlines

• Arizona could become the first US state to hold Bitcoin reserves

• This move is still pending the governor’s signature

• Brazil’s largest bank invested $210 million in Bitcoin

• Brazil is leading global institutional adoption with ETFs and crypto laws

• These moves could trigger billions in new long-term Bitcoin demand

Macro and Sentiment Risks

• Economic slowdown may start showing in data by Q3 or Q4

• Lark warns that markets are ignoring key macro warning signs

• Current market feels like disbelief stage, where many doubt the rally

• He draws parallels to past cycles and cautions traders not to get too comfortable

Ethereum and Altcoin Analysis

• Lark is cautiously bullish on Ethereum

• Fusaka upgrade could be a real game changer if launched this year

• Ethereum needs to reclaim $1850 or bounce from $1700 to confirm strength

• Price target sits around $2500 if momentum holds

• Chainlink is nearing a major reversal confirmation above $16

• AI6Z and Virtuals both show strong chart setups and weekly bullish signals

Meme Coins and Trading Strategy

• Meme coins like Brett, Popcat, and Pangu are delivering huge gains

• Lark stresses these are high-risk trades due to low liquidity and fast crashes

• 30 to 50 percent corrections are common and should be expected

• His personal approach includes waiting for deep pullbacks rather than chasing pumps

Final Thoughts

• Lark remains bullish but realistic

• Technicals and sentiment favor more upside

• But macro uncertainty means traders need to stay adaptable

• Keep risk management tight and prepare for both breakouts and pullbacks

CRYPTO MEMES