Large Ether investors are back in profit, increasing the chances of a rally toward $3,000, but resistance at $2,800 may delay the recovery. Ether's (ETH) rebound to $2,300 over the weekend put large investors back into profit but is this a sign that ETH may rally to $3,000? Data from TradingView shows that Ether’s price rose 20% to $2,330 on Saturday from its local low of $1,940 reached on March 29. The recovery was fueled by the US and Iran’s announcement of a two-week ceasefire and a strengthening market structure. The rebound has also pushed ETH whales into profitability, according to data from CryptoQuant. Read more
Bitcoin rallied above $74,000 after the Monday stock market close, but derivatives data show that some traders remain bearish. Key takeaways: Despite strong ETF inflows, Bitcoin remains tied to the S&P 500 and sensitive to global macroeconomic developments. Bitcoin futures premiums and miner selling suggest that the bear market persists despite Bitcoin trading above $74,000. Read more
On Sunday, President Donald Trump stepped in to raise the stakes of an already volatile standoff, announcing that the United States Navy would begin “BLOCKADING” the Strait of Hormuz — delivered, in classic Trump fashion, the emphatic all-caps. The deadline passed at 7pm (PST) on Monday. The developments came after a night of diplomacy in Islamabad that promised more than it delivered, with inconclusive takeaways and very little to show for 21 hours of deliberations. The negotiations ended with a terse briefing from JD Vance, confirming what everyone had been hoping to avoid: nothing had been agreed. Judging from the string of off-the-cuff, rhetorically charged posts on Trump’s Truth Social feed, he appears to have revived what once again looks like the ‘madman theory’ — using brinkmanship and unpredictability as a strategic bargaining chip. He seems to be signalling that if Iran can rattle markets by blocking one of the world’s primary energy arteries, Washington can rattle them harder. The rationale is pret...