Crypto Investments for Tomorrow

Bitcoin Rebounds to $84K, CPI Sparks Relief, Whales Accumulate

Bitcoin bounced back to $84K following a softer CPI report, with whales accumulating 65,000 BTC during the recent crash. Yet, BTC ETFs saw heavy outflows, shedding $371M, while ETH ETFs lost $22M. Ethereum remained under pressure, dipping to $1,905, with ETH/BTC ratios at lows last seen in December 2020. A large ETH whale liquidation stoked FUD, with concerns over HYPE contagion persisting.

Meanwhile, 7 more US representatives backed the Lummis plan to buy 1 million BTC. The CBOE moved to add staking to Fidelity's ETH ETF, but the SEC once again delayed its decision on ETF applications for XRP, SOL, LTC, and DOGE. Still, some see more downside, with 10X Research predicting BTC could dip to $73K, citing links to weakness in equities. Positive as usual... Michael Saylor called for the US to acquire 25% of the BTC supply, framing it as a strategic move. Regulatory winds shifted as the House passed a resolution to kill the IRS DeFi broker rule, and discussions began on stablecoin legislation. Still, the White House confirmed no plans for more crypto summits, signaling a cautious stance.

Markets Rebound, But Pressure Lingers on Stocks and Inflation

The NASDAQ held steady at 17.4K, buoyed by relief over the CPI data, though the S&P500 slid into correction territory. Gold stayed flat at $2,920, while markets watched Canada's hesitation on retaliatory tariffs, with final paperwork still pending.US jobs data beat expectations, but Japan's wholesale inflation surged to 4%, adding to global concerns. BlackRock’s Larry Fink warned that US policies would drive inflation higher, while the White House labeled current stock turbulence as part of a "transition."

The House passed a bill to avert a government shutdown, and Trump vowed to label violence against Tesla as terrorism. Geopolitically, Ukraine indicated readiness for a ceasefire and mineral deal, prompting the US to resume military aid and intelligence sharing. Yet, Iran stood firm, refusing negotiations with the US.

Chad corner

SOL Memes Rebound, Wizards Mint, and NFTs BuzzThe SOL memecoin space saw action with PWEASE and GIGA leading the rebound, while SAYLOR also gained momentum. Taproot Wizards announced a new mint, while PENGU became available via Shopify.NFT excitement remained strong, with Frogana, Good Vibes Club, and My Pet Hooligan drawing attention.

In summary, crypto's sharp rebound contrasts with lingering caution in equities, as inflation fears and regulatory shifts shape the next market moves. Whales are accumulating, but risks remain, and all eyes are on whether this relief bounce can hold.