Last week, a curious revival happened: Ethereum’s new adoption rate, according to the mystics at IntoTheBlock, surged to a near 40% threshold—like a sneeze escaping a nobleman’s nostril at a solemn feast.
Now, lookin’ at the 1-hour chart, it’s like watchin’ molasses in January. Bitcoin kinda stuck ‘tween 87,500 and 88,800. Support down around 87,200 to 87,400. Resistance near 88,800 to 89,000. Volume’s tappin’ out, like a fella runnin’ outta breath. Ain’t nobody sellin’ off in a panic, though. Smart money’s waitin’, seein’ if she’ll break out above 88,900 or bounce back from 87,400. Gotta have volume, though, or it’s just spit in the wind. Bitcoin, bless its heart.
According to the wise soothsayers at Kalshi, there’s a solid 50% chance that Trump will pull the trigger and create a National Bitcoin Reserve this year. This wouldn’t just be a shiny announcement. No, the reserve would actually hold Bitcoin not snatched from the hands of criminals. It could even include other cryptocurrencies—because why stop at just Bitcoin? Of course, Kalshi insists that the reserve has to be fully functional, not just something someone scribbles on a napkin after a long day at the golf course.
Once regarded as the ugly duckling of crypto, SUI was quite the sight for sore eyes. Down nearly 60% since January, it seemed to be the perpetual loser in the cryptocurrency beauty pageant. But ah, how swiftly the tides have turned! In March and April, it began its quiet metamorphosis, showing signs of life that could only be compared to a slumbering giant slowly waking from a thousand-year nap. And now, behold—the SUI network has witnessed a record-breaking surge in stablecoin activity, with $60 million worth of stablecoins flooding into its realm in a mere 24 hours. The sheer audacity!
Mark your calendars for May 13, 2025, when the Singapore High Court will hold the suspenseful courtroom drama that decides whether WazirX will relaunch or become crypto history. Spoiler alert: the audience is holding their breath… and their tokens.
But the real question is: Is Bitcoin going to break through, or is it about to pull the ultimate “I’m taking a break” move? 🙄