Crypto News: Bitcoin Breaking, Trump Trauma, Tariff Crash & More

"futures markets in the US are also down. Um they're down by uh there we can say this is about 2 to 3%. So very close to reaching the bare market uh officially in a bare market for the S&P if it opens up and goes down by about 3% today."

"Bitcoin did open up a very big CME gap to the downside uh this evening, obviously. Now, yes, we usually come back and close CME gaps. But in this case, I think it will be it will struggle to close that unless there are some positive on the macro side of it."

"we also did have unfortunately a daily death cross which is termed when some when you have a moving average a slower moving average moving over the longer term moving average. In this case the 50-day moving average had crossed over the 100 day the 200 day moving average. So in case that didn't the name didn't give it away, a death cross is not necessarily a good thing."

"This was a JP Morgan analyst Mr. Bob Michelle who said on Bloomberg that the Fed could step in for an emergency rate cut before the next meeting."

"all roads do lead to money printing. And this reminds me of an actual I did an interview over the weekend with Arthur Hayes where I we talked about his most recent piece uh which was referencing uh Fed's money printing and how the Fed will have to submit to the fiscal dominance of Bessant and co and it was really interesting and basically it is it is true if we are going to have to have monetary stimulus the Chinese talked about it which we'll talk about a bit later there is all roads lead to money printing"

"At some point it seem maybe sooner than we expected stimulus is going to come. If if markets continue tanking and if recessionary fears start creeping up then stimulus will have to come and Jerome will have to submit."

"If Bitcoin goes below, uh, 68K or the level it was on the 4th of November before you won the election, if it goes below that, you're going on the wall of shame permanently."

"JP Morgan came out and revised their estimates for a recession in the US up 60% not just in the US obviously in the US but also global recession the chance of a global recession this year is at 60%."

"right now there's an 81% chance of four cuts by the end of the year. This is 2025, December 2025. And 46% chance of five cuts. And Goldman Sachs predicts 130 basis points in Fed rate cuts for 2025."

"I guess the theme of the rest of this week and probably the coming weeks is you know countries all over scrambling to negotiate. We've seen I think Vietnam uh has already sort of picked up the phone and started negotiating. I think uh there was another country in Southeast Asia that has done the same. Cambodia might be Cambodia because I mean Cambodia was at the top of that list that you showed earlier."

"It's going to be it's going to be volatile. I think that's fair to say."

"Bitcoin has delivered decent Q2 gains in past cycles. Notably in Q2 2020 it jumped by 42% 2019 it jumped by 159% and in 2017 it rallied by 132%. So Q2 has historically been a good quarter"

"despite the recent struggles, the outlook they said remains constructive in Q2 as liquidity is improved and that is true. everyone as we know one of the most important factors of Bitcoin's price and indeed the price of most risk assets is the liquidity cycle global liquidity and that has been growing"

"the Fed has p is going to pause quantitive tightening and um they may be forced to if the if the debt ceiling is raised potentially to buy debt from the treasury which would be easing quantitive easing there's talk about quantitive easing now more than ever, even though the Fed has explicitly ruled it out until rates are at zero."

"the administration's stated focus is obviously bringing down the 10-year yield, which has been coming down. Um, and it hints at more support for the markets and correlation has also fallen."

"I think alts are going to continue to struggle unless we get unless the Fed turns on the printer. Exactly. So my that's that's my theory as well. I think that until when monetary stimulus comes uh it is going to lead to lots of risk assets rallying."

"you're not going to, as I've always maintained, you're not going to see the same kind of 2021 altcoin season when the entire altcoin complex rallied. I don't think Bitcoin dominance is going to come down again easily, but there are definitely going to be some altcoins that are going to definitely outperform Bitcoin um, individually."

"Paul Atkins, Trump's pick for the SEC, uh his confirmation hearing in I believe it was the Senate um went through. I I think it's probably as as pretty nailed on that Paul Atkins is going to be confirmed as the new head of the SEC."

"it really seems like the SEC has completely 180 on crypto. Now Paul Atkins from what Ha was saying is very much you know on the same page as she is. So although we've got this crippling tariff regime screwing everything up fundamentally one of the big overhangs from from previous years has gone. The SEC is much more favorably inclined towards crypto now much more favorably inclined towards innovation."

"We've also got two stable coin bills making their way through Congress. Uh there's the Genius Act and the Stable Act. The Stable Genius Act. Stable Genius. That's a good one. Um so was word about Trump Trump himself. Yeah. Yeah. But was that meant to be? Do you think that they they work together? Do you think that it can't be that much of a coincidence? I've heard this debated. It's sort of like Yeah, it does seem like it would be a bit of a coincidence. Too much of a coincidence. Yeah. So, it could be the stable genius act. Who knows if I because I don't we we don't know which one's going to pass. I think one of them in particular is is a bit more is is a bit tighter when it comes to I think the genius is more likely to come through. The genius, not the stable one."

"on the May the 7th uh we've got Ethereum is finalizing the PRA upgrade. So the hope all hope you know there we go. Wish upon a star. Your altcoin dreams are riding on the 7th of May. The pectra is coming mate."

"I think Bitcoin is going to be up by the end of Q2. Bitcoin dominance is going to be up by the end of Q2 even from these levels."

"I think altcoins you know altcoins itself compared to Bitcoin could still be struggling against Bitcoin's dominance."

"I think stable coin uh growth is definitely going to continue flying"

"they unlock at the same time as the tariff almost 50% of the supply in some of the worst macroeconomic conditions in four years. I would not be want to be a whole W right now."

"Can we see BTC below 70K? I think it's possible. It's possible. It's possible, but I wouldn't I wouldn't bet on it. No. Okay. I think most people have said that potentially if we're going to go down uh 70 low 70k is the potential bottom that have people have flagged, but you never know what happens in it."

"It is going to be it's been an interesting week so far and it's only Monday. It's going to be uh a tough week. I think there's going to be a lot of volatility around. Prices are going to probably be quite painful"