April 21, 2025
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Crypto Daybook Americas: Bitcoin Breakout Lifts AI, MEMECOINS, Underscores Hedge Value

Your day-ahead look for april 21, 2025”, – WRITE: www.coindesk.com

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Crypto Daybook Americas: Bitcoin Breakout Lifts AI, MEMECOINS, Underscores Hedge ValueYour day-ahead look for april 21, 2025 APR 21, 2025, 11:15 AM

A Seated President Donald Trump Points A Finger Off Camera.Trump’s Call to Remove Powell Underpins Bitcoin’s Proposition As A Hedge. (Win McNamee/Getty Images)

What to Know: You are Viewing Crypto Daybook Americas, Your New Morning Briefing on What Happy Happy in the Crypto Markets overnight and What’s Expectioned Durying the Coming Day. Crypto Daybook American Will Arrive in your inbox at 7 am et to kickstart your morning with company comprehensive insights. If you’re not already subscribed, Click here. You won’t to start your day with it.

By Omkar Godbole (All Times et Unless Indicated OtherWise)

Bitcoin’s CensorShip-Resistant, Decentralized Setup Empowers Individuals by facilitating peer-to-peer transactions without government Interference or Corporate Contol.

You’ve Probably Heard that from A Bitcoin Maxi Many Times.

IT’s An Idea that Resonates Even More Strongly Today in Light of Reports That President Donald Trump Is Exploring Ways to Remove Jerome Powell Bank.

National Economic Council Director Kevin Hassett Talked About Trump’s Intenions Fridays Friday and Markets Responed Early Monday by Selling The Dollar and The US Stock Futures. The Dollar Index, Which Tracks The Currency’s Exchange Rate Against Major Major Fiat Currencies, Slipped to A Three-Yoar Low of 98.00 While Gold Touched New Highs Above.

Bitcoin Rose Past $ 87,000, Confirming A Bullish Breakout from Its Recent WideWays Trading BetWeen $ 83,000 and $ 86,000 to Suggest More Gains. The Uptick Saw Gaming, AI and Meecoins Outshine Other Sectors of the Crypto Market, With Smaller Tokens Like Enj and Magic Chalking Out Gains in Excess of 50% in 24 Hours. Mantra Still Tanked 15%.

“A Weaker Dollar Could Draw Renewed Attraction from American Investors, Highlighting Bitcoin’s Potential as a Hedge Against Declining Dollar Value,” SAID MATIXIPORT, A CRYPTOSPORT.

On-Chain Data Warned of Height-Height Valativity As Prices Potentally Near the $ 90,000 Mark. “Cost -Basis Clusters Show Little Overhead Supple Supply Below That Range, Implying The Market Could Advance Quickly Before A Larger Traneche of Holders Reaches Brek -Ebeseot,” SAID IN A Telegram Post.

In Other News, Charles Shwab CEO Rick Wurster Said the Financial Services Firm is “Hopeful and Likely to Be Able” to Support Spot Crypto Trading Within. Wurster Said that More and More Clients Are Secking Information About Crypto.

Slovenia’s Finance Ministry Proped A 25% Tax on Capital Gains on Profits from Selling Cryptocurrencies for Fiat or Sporting Tokens for Goods and Services. The Tax Is Proped to Go Into Effect from 2026.

Vitalik Buterin, A CO-FOUNDER OF THE ETHEREUM BLOCKCHAIN, PROPOSED REPLACING THE ETHEREUM VIRTUAL MACHINE Variety of Applications. Buterin Said The Proposal Address One of Ethereum’s Key Scaling Bottlenecks by Dramatical Improving the Efficiency and Simplicity of Smart Contract Execution.

Speaking of ethereum, It Briefly Fell Bell Behind Its Chief Rival, Solana Network in Terms of the Total Staged Value of Their Respective Native Tokens, Eth and Sol. Uniswap Founder Hayden Adam Warned that Ethereum Could Fall Behind Solana IF IT GOES BACK TO RELYING ON THE LAYER 1 BOCKCHAIN ​​INSTEAD OF THE LAYER-2 SCALING PRODUCTS.

In Macro News, China SAID IT WILL RETALIATE AGAINST COUNTES THAT WORK WITH US TO ISOlate Beijing in the Trade War Started by Trump. Stay Alert!

What to Watch

  • Crypto:
    • April 21: Coinbase Derivatives Will List Xrp Futures PENDING APPROVAL By The US Commodity Futures Trading Commission (CFTC).
    • April 25, 1 PM: US Securities and Exchange Commission (SEC) Crypto Task Force Roundtable On “Key Considerations for Crypto Custom.”
    • April 29, 1:05 AM: BNB Chain (BNB) – BSC Mainnet Hardfork.
    • April 30, 9:30 AM: Proshares Expects ITS XRP ETF, Offering Exposure Through Futures and Swap Agreements, to Begin Trading on NYSE ARCA.
    • April 30, 10:03 AM: Gnosis Chain (GNO), an Ethereum Sister Chain, Will Activate the Pctra Hard Fork On It Mainnet at Slot 21,405,696, EPOCH 1,337,856.
  • Macro
    • April 21-26: World Bank (WB) and The International Monetary Fund (IMF) Spring Meetings Take Place in Washington.
    • April 22, 8:30 PM: Statistics Canada Releases March Producer Price Inflation Data.
      • Ppi Mom Prev. 0.4%
      • Ppi yoy prev. 4.9%
    • April 22, 6 PM: Fed Governor Adriana D. Kugler Will Deliver A Speech Titled “Transmission of Monetary Policy.”
    • April 23, 8 AM: Mexico’s National Institute of Statistics and Geography Release Retail Sales Data.
      • Retail Sales Mom Prev. 0.6%
      • Retail Sales yoy prev. 2.7%
    • April 23, 9:45 AM: S&P Global Releases (Flash) US April Purchasing Managers’ Index (PMI) DATA.
      • Composite pmi prev. 53.5
      • Manufacturing PMI Prev. 50.2
      • Services PMI est. 52.9 Vs. Prev. 54.4
  • Earnings (Estimates Based On Factor Data)
    • April 22: Tesla (Tsla), Post-Market
    • April 30: Robinhood Markets (Hood), Post-Market
    • May 1: Block (XYZ), Post-Market

TKEN EVENTS

  • Governance Votes & Calls
    • Aave Dao Is Discussing Working with Ether.fi to Create a Custom Aave Market on Evm Layer 2 To “Facilitate On-Chain Credit for EveriDay Payments Thought Card.
    • April 23, 9 PM: Manta Network to Host a Townhall Meeting with Its Founders.
    • April 24, 8 AM: Alchemy Pay to Host An Ask Me Anything (AMA) SESSION ON ITS 2025 ROADMAP.
    • April 30, 12 PM: Helium to Host a Community Call Meeting.
  • Unlocks
    • April 22: Metars Genesis (MRS) to Unlock 11.87% of ITS Circulating Suppply Worth $ 127.9 Million.
    • April 30: Optimism (OP) to Unlock 1.89% of ITS Circulating Supple Worth $ 22.78 Million.
    • May 1: Sui (Sui) to Unlock 2.28% of It Circulating Supple Worth $ 167.97 Million.
    • May 1: Zetachain (Zeta) To Unlock 5.67% Of ITS Circulating Supple Worth $ 10.57 Million.
    • May 2: Ethena (ENA) to Unlock 0.73% Of ITS Circulating Supple Worth $ 12.12 Million.
  • TKEN LAUNCHES
    • April 21: Balance (EPT) to be listed on Bitget Bybit, Kucoin, Gate.io, Lbank, Mexc, Bingx.
    • April 22: Hyperlane to Airdrop It Hyper Tokens.
    • April 22: Bnb to be listed on kraken.

Conferences:

  • Coindesk’s Consensus is Taking Place in Toronto on May 14-16. Use Code Daybook and SAVE 15% ON PASSES.
  • April 22-24: Money20/20 Asia (Bangkok)
  • April 23: Crypto Horizons 2025 (Dubai)
  • April 23-24: Blockchain Forum 2025 (Moscow)
  • April 24: Bitwise’s Investor Day for Bitcoin Standard Corporations (New York)
  • April 26: Crypto Vision Conference 2025 (Manilla)
  • April 26-27: Harvard Blockchain in Action Conference (Cambridge, Mass.)
  • April 27: N Crypto Conference 2025 (Kyiv)
  • April 27-30: Web Summit Rio 2025
  • April 28-29: Blockchain Disrupt 2025 (Dubai)
  • April 28-29: Staking Summit Dubai
  • April 29: El Salvador Digital Assets Summit 2025 (San Salvador)
  • April 29: IFGS 2025 (London)

Token TalkBy shaurya malwa

  • Bitget, A Centralized Crypto Exchange, Will Reverse Trades and Compensate Users Due to “Abnormal Trading” In Its Perpetual Futures Market for Voxel, A Token Linked To. Tactics.
  • Early Sunday, Voxel’s Trading Volume Surged Past Bitcoin’s 24-Hour Volume-with the token’s Value Surging Over 300% in A Week-Despite Being Only The 723rd-Largest Crypt.
  • An X user claimed Six-Figure Profits from A Sub- $ 100 Investment, Attributing the Surge to A Potential Bug in Bitget’s Market-Making Robot,. The Trade Rollback Will Likely Erase These Gains.
  • Bitget’s Investigation Revealed Possible Market Manipulation by Certain Accounts, Prompting the Exchange to Activate It Risk-Control System and Plan A Trade RollBack With.
  • Affected USERS WHO INCURRED LESSES WILL RECORIVE COMPENSION, AND BITGET IS Continuing ITS Investigation.

Derivatives Positioning

  • The Market-Wide Futures Open Interest Has Climbed to $ 37.22 Billion, The Highest Since March 24, Accounting To Velo Data. The Figure Represents Open Interest in All Coins Listed on Binance, Bybit, OKX, Deribit and Hyperliquid.
  • Eth is the best performing Major Token in Terms of Futures Open Interest Growth, Followed by BTC and LINK.
  • Speaking of Oi-Adjusted Cumulative Volume Delta, Eth Also Leads The Pack with the Highest Positive Reading, Implying An Influx of Buying Pressure in the Market.
  • On Deribit, BTC and Eth Risk Reversals for Short- and Near-Dated Expiries have Flatten Out, Recovering from the Recent Persenti-Negative Prints that Repreted Bias for Pro.

Market Movements:

  • BTC IS UP 3.19% FROM 4 PM ET SUNDAY AT $ 87,270.44 (24hrs: +3.63%)
  • ETH IS UP 2.54% AT $ 1.631.90 (24hrs: +3.17%)
  • Coindesk 20 IS Up 0.8% AT 2.268.01 (24Hrs: +3.77%)
  • Ether Cesr Composite Staking Rate is up 47 BPS at 2.47%
  • BTC FUNDING RATE IS AT 0.0044% (4.776% Annualized) on Binance

Coindesk 20 members' performance

  • DXY IS DOWN 1.11% AT 98.26
  • GOLD IS UP 2.04% AT $ 3.395.65/OZ
  • Silver is up 1.12% AT $ 32.89/Oz
  • Nikkei 225 CLOSED -1.3% AT 34,279.92
  • Hang Seng Closed +1.61% AT 21,395.14
  • FTSE IS CLOSED AT 8,275.66
  • Euro Stoxx 50 is Closed AT 4.935.34
  • Djia Closed On Thursday -1.33% AT 39,142.23
  • S&P 500 CLOSED +0.13% AT 5.282.70
  • NASDAQ CLOSED -0.13% AT 16,286.45
  • S&P/Tsx Composite Index Closed +0.36% AT 24,192.81
  • S&P 40 Latin America Closed +1.64% AT 2.383.75
  • US 10-YEAR Treasury Rate Is UnChanged AT 4.33%
  • E-mini S&P 500 Futures Are Down 1.04% AT 5.275.00
  • E-mini NASDAQ-100 Futures Are Down 1.16% AT 18,168.25
  • E-mini Dow Jones Industrial Average Index Futures Are Down 0.92% AT 38,969

Bitcoin Stats:

  • BTC Dominance: 64% (0.23%)
  • Ethereum to Bitcoin Ratio: 0.1873 (0.54%)
  • Hashrate (Seven-Day MOVING AVERAGE): 858 eh/s
  • HashPrice (Spot): $ 45.22
  • Total Fees: 5.48 BTC / $ 479,045
  • CME FUTures Open Interest: 141,280 BTC
  • BTC PRICED IN GOLD: 25.7 OZ
  • BTC VS Gold Market Cap: 7.2%

Technical AnalysisBTC/USD's Daily Price Chart with Trading Volume and Seven-Day Volume Ma. (Coinglass)BTC/USD’s Daily Price Chart with Trading Volume and Seven-Day Volume Ma. (Coinglass)

  • Bitcoin’s Breakout Has Set The Stage for a Continued MOVE HIVER TO $ 90,000.
  • However, Trading Volume Has Dipped, Suggesting Low Participation in the Price Recovery.
  • A Low-Volume Rally Onthen Ends Up Being Short-Lived.

Crypto equities

  • Strategy (Mstr): Closed On Thursday at $ 317.20 (1.78%), Up 3.13% AT $ 327.12 In Pre-Market
  • Coinbase Global (Coin): CLOSED AT $ 175.03 (1.64%) UP 1.4% AT $ 177.49
  • Galaxy Digital Holdings (GLXY): CLOSED AT C $ 15.36 (-1.41%)
  • Mara Holdings (Mara): CLOSED AT $ 12.66 (2.76%), UP 2.69% AT $ 13.00
  • Riot Platforms (RIOT): CLOSED AT $ 6.46 (1.57%), Up 2.63% AT $ 6.63
  • Core Scientific (Corz): CLOSED AT $ 6.63 (0.61%), Down 0.45% AT $ 6.60
  • Cleanspark (CLSK): CLOSED AT $ 7.51 (3.16%), UP 1.86% AT $ 7.65
  • Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 12.04 (1.09%), Up 2.41% AT $ 12.33
  • Semler Scientific (SMLR): CLOSED AT $ 32.49 (4.79%)
  • Exodus Movement (Exod): Closed At $ 36.58 (-1.64%), UP 2.1% AT $ 37.35

ETF FlowsUS EQUITY Markets Were Closed on Friday.

Overnight FlowsTop 20 Digital Assets' Prices and VolumesChart of the dayXRP Options Risk Reversals. (Deribit/Ambrdata)XRP Options Risk Reversals. (Deribit/Ambrdata)

  • Xrp’s Short- and Near-Dated Risk Reversals Continue to Be Priced Negative, A Sign of Persent Demand for Put Options, Which Offer Downside Protection.

While You Were Sleeping

  • Pope Francis, Voice for the Poor Who Transformed the Catholic Church, Dies at 88 (CNN): The First Latin American Pope Died Weeks After Returning to Public Life Following A Leping A Life.
  • China Vows retaliation against countries that folllow US Calls to isolate Beijing (CNBC): China Said It Will Respond to Us Tariff Deals that Undermine Its Interests, Accusion Washing. Risks Returning Global Trade to “LAW OF THE JUNGLE.”
  • BNB, SOL, XRP SPIKE Higher as Bitcoin ‘Digital Gold’ Narrative Makes a Coindesk (Coindesk): Bitcoin’s Correlation with US Equities Appears to be weakening as its. FIRM WHILE STOKS DECLINE, accounting to lvrg research’s nick Ruck.
  • Stablecoin Giant Circle Is Launcing A New Payments and Remittance Network (Coindesk): The Firm Will Univeil A New Payments and Cross-Border Remittance Product on Tures.
  • Over $ 380M WORTH Crypto Stolen Dringing Bybit’s $ 1.4b Hack Has Gone Dark (Coindesk): The Exchange’s Ceo Said That 27.6% Bridges to P2P and OTC PLATFORMS. “
  • Bitcoin’s Breakout Signals BTC Potentalillally Rallying to $ 90k- $ 92k: Technical Analysis (Coindesk): Bitcoin’s Price Surged Past $ 87,000, Bitcoin’s Bitcoin $ 86,000. The Target Range Previoously Served As A Strong Support Zone.

In the Etherhttp://www.coindesk.com/price Range for Bitcoin in the 4th Halning Cycle:Schwab CEO Expects To Launch Direct Spot Crypto Trading W/In Next 12mos…Bitcoin have no counterparty risk.Capital Inflows Into the Crypto Market have Plunged 70% over the past Two Weeks, Falling from $ 8.20 Billion to Just $ 2.38 Billion!This Brings Total China's Gold Reserves to a Record 2.292 Tonnes.

Omkar Godbole

Omkar Godbole is a co-managing Editor on Coindesk’s Markets Team Based in Mumbai, Holds A Masters Degree in Finance and A Charted Market Technician (CMT) Member. Omkar Previoously Worked at FxStreet, Writing Research on Currency Markets and As Fundamental Analyst at Currency and Commodities Desk at Mumbai-Based Brokerage Houses. OMKAR HOLDS SMALL AMUNTS OF BITCOIN, Ether, Bittorrent, Tron and Dot.

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Omkar Godbole

Shaurya Malwa

Shaurya is the co-leader of the coindesk tokens and data team in asia with a focus on crypto derivatives, Defi, Market Microstructure, and Protocol Analysis.

Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.

He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.

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Shaurya Malwa

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