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Bitcoin has finally broken its streak of sub-1% days, currently up 1.3% on the day — though nothing particularly impressive. Consolidation remains the theme, with BTC stuck between $92.5K and $96K. Since last Tuesday’s 7% breakout, price action has been locked in this range — a week-long standstill so far.
Elsewhere, Temu has joined the trade war, introducing import charges of up to 150% to counter US tariffs. Meanwhile, Mastercard has added stablecoin settlement support for merchants, further bridging crypto adoption into traditional finance.
Finally, the PELOSI Act has been reintroduced. The bill seeks to ban members of Congress from trading stocks — a highly controversial topic given how often lawmakers seem to buy or sell just ahead of major deals or announcements. Quite the stunning coincidence…
At midnight, we’ll receive the first major data of the week: JOLTS job openings and US consumer confidence figures. Both are expected to soften from previous readings and will heavily influence Powell and the Fed’s upcoming decisions on interest rates.
Stormrake Spotlight: Ripple (XRP) ($2.29)
Stormrake Spotlight: Ripple (XRP) ($2.29)
Ripple continues to show encouraging strength, rising nearly 2% over the last 24 hours — slightly outperforming Bitcoin and continuing its minor breakout. A particularly bullish sign is XRP’s ability to stay above all major moving averages after clearing the 55EMA two days ago.
The next key confirmation will be the 21EMA crossing the 55EMA — a technical trigger that would signal the momentum has truly swung back to the bulls.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
Bitcoin remains trapped between two critical levels: $92.5K and $95.7K. Bulls and bears are fiercely defending their ground, and a break of either side will likely set the next major move.
A bullish breakout could propel BTC towards $100K, while a failure at support risks a slide back under $90K. These levels are crucial battlegrounds as the next phase unfolds.
BTC Total ETF Flows for 28 April: $ -292.8 million
(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
*All prices are denominated in USD unless stated otherwise*
Written by Alexandar Artis
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