Crypto Daybook Americas: Bitcoin Bulls Underpin Price After Pro-BTC Candidate Losses in Canada

Bitcoin (BTC) Remains Stuck Near The $ 95,000 Mark, Apprently Unfazed by the Canadian Election Result, WHICH SAW The Crypto-Friendly Candidate for Prime Minister Lose His Seat. Key Macroeconomic Data Due Later this Week Could Serve as a Catalyst for Bitcoin’s Next Move, with The Standout Being Friday’s Non-Farm Payrols Report.

In the Meantime, The Largest Cryptocurrency Is Reaching A Series of Higher Lows and Lower Highs, Forming A Symmetric Trigele Consolidation Pattern. This setup folllowing a strng uprend typically Implies a Continusion. A Decisive Breakout Above $ 95,500 Could Spark The Next Leg Highher, While A Drop Below Support Wound Indicate A Potential Reversal.

On the Technical Front, Bitcoin’s Hashrate, Which Has Surged Over Recent MONHS AND IS NOW About 10% Away from ITS Record, is Beginning To Decelerate. A Downward Difficulty Adjustment of More than 5% is anticipated in four days and will provide some Much-Needed relief to miners, who have been grapling with hasth.

The Week’s Macroeconomic Data Include Personal Spending and GDP Growth Figures on Wednesday, Thought Friday’s Jobs Report Takes Center Stage. Economists Forecast a Drop in New Jobs to 135,000 Dringing April, Down from March’s 228,000 Figure, Which Was The Strongest in Three MONTS.

The UNEMPLYMENT RATE IS PROVED TO HELD STEADY AT 4.2%, UndersCoring A Persentius Tight Labor Market. The CME Fedwatch Tool Currently Indicates A 91% Probability of the Fed Fed Funds Rate Being Held at 4.25% –4.50% at the May 7 fomc meting.

ALSO IN THE MIX, EARNINGS SEASON IS HEATING UP, PARTICULARLY AMONG The “MAGNIFICENT SEVEN” Tech Stocks. Microsoft (MSFT) and META (META) REPORT After the Market Close on Wednesday, Followed by Apple (AAPL), Amazon (AMZN) and Strategy (MSTR) on Thursday. Stay Alert!

What to Watch

• Crypto:
  • April 30, 9:30 AM: Proshares Will Debut Three Etfs that Will Provide Levered and Inverse Exposure to Xrp: The Proshares Ultra Xrp Etf, The Proshares Short Xrp.
  • 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.
  • May 1: Coinbase Asset Management Will Introduce The Coinbase Bitcoin Yield Fund (CBYF), WHICH IS AIMED AT NON-UU INVESTORS.
  • May 1: Hippo Protocol Starts Up Its Own Layer-1 Blockchain Mainnet Built on Cosmos SDK and Completes a Migration from Ethereum’s ERC-20 HPO TKEN TO ITSHING HP TOCEN, ENABING TOCEN, ENTEACE
  • May 1, 9, 9: Contellation Network (DAG) ACTIVATES The TESSELATION V3 UPGRADE ON ITS MAINNET, INTRODUKING DELEGATED STAKING, NODE COLLATERAL, TKEN Locking and New Transactions TYPES TYPES TYPES. Functionality.
  • May 1, 11 Am: Thorchain Activates ITS V3.5 Mainnet Upgrade, Adaring the TCY TKEN TO Convert $ 200 Million in Debt Into Equity. TCY HOLDERS EARN 10% OF NETWORK REVENENUE, WHILE Native Rune Remains the Protocol’s Security and Governance Token. TCY ACTIVATES MAY 5.
• Macro
  • April 29, 10 AM: The US Bureau of Labor Statistics Releases March Jolts Report (Job Openings, Hires, and Separations).
    • Job Openings Est. 7.5m Vs. Prev. 7.568m
    • Job quits prev. 3.195m
  • April 29, 10 Am: US House Financial Services Committe Hearing Titled “Regulatory Overreach: The Price Tag on American Prosphere.” LIVESTREAM LINK.
  • April 30, 8 AM: Brazil’s Institute of Geography and Statistics (IBGE) Release March Unemployment Rate Data.
    • Unemployment Rate Prev. 6.8%
  • April 30, 8 AM: Mexico’s National Institute of Statistics and Geography Releases (Preliminal) Q1 GDP Growth Data.
    • GDP Growth Rate QOQ PREV. -0.6%
    • GDP Growth Rate Yoy Prev. 0.5%
  • April 30, 8:30 AM: The US Bureau of Economic Analysis (Bea) Releases (Advance) Q1 GDP Growth Data.
    • GDP Growth Rate QOQ EST. 0.4% Vs. Prev. 2.4%
  • April 30, 10 AM: The US Bureau of Economic Analysis (Bea) Releases March Consumer Income and Expenditure Data.
    • Core Pce Price Index Mom Est. 0.1% Vs. Prev. 0.4%
    • Core Pce Price Index Yoy Est. 2.6% Vs. Prev. 2.8%
    • PCE PRICE INDEX MOM EST. 0% vs. Prev. 0.3%
    • PCE PRICE INDEX YOY EST. 2.2% Vs. Prev. 2.5%
    • Personal Income Mom Est. 0.4% Vs. Prev. 0.8%
    • Personal Spending Mom Est. 0.6% Vs. Prev. 0.4%
• Earnings (Estimates Based On Factor Data)
  • April 29: Paypal Holdings (Pypl), Pre-Market, $ 1.16
  • April 30: Robinhood Markets (Hood), Post-Market, $ 0.33
  • May 1: Block (XYZ), Post-Market, $ 0.97
  • May 1: Reddit (RDDT), Post-Market, $ 0.02
  • May 1: Riot Platforms (Riot), Post-Market, $ -0.23

TKEN EVENTS

• Governance Votes & Calls
  • Uniswap Dao is voteing on a proposal to renew the uniswap accountability Committee (UAC) for Season 4, Extending ITS Mandate Until the end of 2025. Voting Ends April 29.
  • Balaner Dao is voteing on allocating $ 250,000 WORTH OF ARB to A MULTISIG CONTROLled by Contributors to Fund Testing of New Automated Market Maker (Amm) Pool Models.
  • April 30, 2 Am: Neo to Host an ask Me Anything (Ama) Session with Its Founder, Da Hongfei.
  • April 30, 12 PM: Helium to Host a Community Call Meeting.
  • May 5, 4 PM: Livepeer (LPT) to Host A Treasury Talk Session on Discord.
• Unlocks
  • April 30: Optimism (OP) to Unlock 1.89% of ITS Circulating Supple Worth $ 24.75 Million.
  • May 1: Sui (Sui) to Unlock 2.28% Of ITS Circulating Supple Worth $ 267.86 Million.
  • May 1: Zetachain (Zeta) to Unlock 5.67% of It Circulating Supple Worth $ 12.10 Million.
  • May 2: Ethena (ENA) to Unlock 0.73% Of ITS Circulating Supply Worth $ 13.44 Million.
  • May 7: Kaspa (Kas) to Unlock 0.56% of It Circulating Supple Worth $ 14.01 Million.
  • May 9: Movement (Mova) To Unlock 2.04% of It Circulating Supple Worth $ 12.35 Million.
• TKEN LAUNCHES
  • April 29: Milkyway (Milk) To Be Listed on Bybit.
  • April 29: Virtual (Virtual) to Be Listed on Binance.us.
  • MAY 2: BINANCE TO DELIST ALPACA FINANCE (ALPACA), PLAYDAPP (PDA), Viberate (VIB), and Wing Finance (Wing).
  • May 5: Sonic (s) to be listed on kraken.

ConferencesCoindesk’s Consensus is Taking Place in Toronto on May 14-16. Use Code Daybook and SAVE 15% ON PASSES.

• Day 3 of 4: Web Summit Rio 2025
• Day 2 of 2: Staking Summit Dubai
• April 29: El Salvador Digital Assets Summit 2025 (San Salvador, El Salvador)
• April 29: IFGS 2025 (London)
• April 30-May 1: Token2049 (Dubai)
• May 6-7: Financial Times Digital Assets Summit (London)
• May 11-17: Canada Crypto Week (Toronto)
• May 12-13: Dubai Fintech Summit
• May 12-13: Filecoin (Fil) Developer Summit (Toronto)
• May 12-13: Latest in Defi Research (Tldr) Conference (New York)
• May 12-14: Aci’s 9th Annual Legal, Regulatory, and Compliance Forum on Fintech & Emerging Payment Systems (New York)
• May 13: Blockchain Futurist Conference (Toronto)
• May 13: EthWomen (Toronto)

Token TalkBy shaurya malwa

• BNB Chain’s Lorenntz Upgrade Went Live Earlier Tuesday, Boosting Bnb Token Fundamentals by Making the Network Faster and More Efficient.
• The Upgrade Improved The Way Validaers Exchange Data, Making the Process Quicker and Smoother to Reduce Delays and Speed ​​Up Transaction Processing.
• IT ALSO ADDEDED A METHOD ALLOWING VALIDATORS TO RECEIV MULTIPLE BLOKS AT ONCE, INSTEAD OF ONE BY One.
• The Time It Takes to Create A New Block Is Reduced To About 1.5 Seconds and Could Fall to As Low As 0.75 Seconds. Faster Block Times Mean Transactions Are ConfirMed More Quickly, Making the Network Feel Snappier for USers.
• The Update Makes DeCentralized Apps (Dapps) Like Games or Financial Tools Run Faster and Smoother. Developers Can Keep Building Apps the Same Way Because the Update Doesn’t Change How The Network Works With Their Code.
• A Faster, More Efficient Network Attracts More USers and Developers, WHICH CAN INCREASE DEMAND FOR BNB AND MAKE IT more VALUABLE OVER TIME.

Derivatives Positioning

• Total Open Interest (Oi) Across Perpetuals, Options and Futures Now Stands at $ 122 Billion Globally, Accounting To Data From Laevitas.
• Sui has seen a Sharp surge in derivatives activity, with it share of Global perpetuals Volume Pecking at 5.06% ($ 7.12 Billion) on April 25.
• IT HAS SINCE SUSTAINED Volume Dominance Above 3.5%, Significanty Higher Kin ITS Historical AVERORICAL AVERAGE OF UNDER 2%, Suggesting Renewed Specialized APCULATE DRIVEN.
• Access to Coinaalyze, The Top Oi Gainers in the Past 24 Hours Among Tokens with Market Caps Over $ 100 Million Are:
  • SAFE: +123%
  • Ray: +92%
  • Moca: +68%

Market Movements:

• BTC IS UP 0.43% from 4 pm et monday at $ 95.009.93 (24hrs: +0.33%)
• ETH IS UP 2.81% AT $ 1.838.46 (24hrs: +1.9%)
• Coindesk 20 IS Up 0.85% AT 2.792.69 (24hrs: -0.08%)
• Ether Cesr Composite Staking Rate Is Up 28 BPS at 2.975%
• BTC FUNDING RATE IS AT 0.0005% (0.5749% Annualized) on Binance

• DXY IS UP 0.27% AT 99.28
• Gold Is Down 1.11% AT $ 3.306.08/Oz
• Silver is up 0.41% AT $ 33.28/Oz
• Nikkei 225 Closed +0.38% AT 35,839.99
• Hang Seng Closed +0.16% AT 22,008.11
• FTSE IS UP 0.16% AT 8,430.89
• Euro Stoxx 50 is UnChanged AT 5.168.63
• DJIA CLOSED ON MONDAY 0.28% AT 40,227.59
• S&P 500 CLOSED +0.06% AT 5,528.75
• NASDAQ CLOSED -0.1% AT 17,336.13
• S&P/Tsx Composite Index Closed +0.36% AT 24,798.59
• S&P 40 Latin America Closed +0.74% AT 2.549.44
• US 10-YEAR Treasury Rate is Down 6 BPS at 4.21%
• E-mini S&P 500 Futures Are Up 0.14% AT 5,561.00
• E-mini NASDAQ-100 Futures Are Up 0.15% AT 190557.75
• E-mini Dow Jones Industrial Average Index Futures Are Up 0.36% AT 40,515.00

Bitcoin Stats:

• BTC Dominance: 64.24 (-0.24%)
• Ethereum to Bitcoin Ratio: 0.01928 (1.80%)
• Hashrate (Seven-Day Moving AVERAGE): 842 eh/s
• HashPrice (Spot): $ 48.7 Ph/S
• Total Fees: 6.98 BTC / $ 651,628
• CME FUTures Open Interest: 132, 750 BTC
• BTC PRICED IN GOLD: 28.6 OZ
• BTC VS Gold Market Cap: 8.10%

Technical Analysis

• ETHER (ETH) IS Showing Signs of Recovery After Reclaiming the Value Area (Defined by the Two Blue Dotted Lines), Suggesting A Return to Its High-Volume 20232323232323
• The Point of Control (POC) Remains Near $ 2,200, Serving As A Major Magnet for Price Action and A Critical Bullish Target.
• ETH IS ALSO APRACHING The 50-Day Exponential Moving Average (EMA), A POtential Inflection Point That May Spark Volatility.
• The Level Is Particularly Notable Because Many Altcoins have beaten Ether to Reclaim Their 50-Day Emas.
• Importantly, Price Action H As Now Broken Above the Descending Trendline Stemming from the December 2024 High, A Key Structural Shift Favoring Bullish Momentum.
• Upside Targets Include:
  • $ 2,104 to confirm a Higher High
  • $ 2,200 (POC), Volume-Weightd Focal Point
  • $ 2,480 (200-day EMA), Long-Term Resistance
• To MainTain ITS Bullish Bias, Eth Must Hold Above the Lower Boundary of the Value Area (~ $ 1.745), or Risk a return to bearish Sentime.

Crypto equities

• Strategy (Mstr): Closed Monday AT $ 369.25 (+0.15%), Up 0.30% AT $ 370.34 in Pre-Market
• Coinbase Global (Coin): CLOSED AT $ 205.27 (-2.08%), Up 0.58% AT $ 206.47
• Galaxy Digital Holdings (GLXY): CLOSED AT $ 21.21 (2.81%)
• Mara Holdings (Mara): CLOSED AT $ 14.01 (-2.03%)
• Riot Platforms (Riot): CLOSED AT $ 7.63 (-1.8%), Up 0.39% AT $ 7.66
• Core Scientific (Corz) CLOSED AT $ 8.24 (-0.84%), UP 1.21% AT $ 8.34
• Cleanspark (CLSK): CLOSED AT $ 8.57 (-4.88%), Up 0.12% AT $ 8.58
• Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 14.33 (-1.58%)
• Semler Scientific (SMLR): CLOSED AT $ 35.37 (-3.99%), UP 1.78% AT $ 36.00
• Exodus Movement (Exod): Closed At $ 42.18 (-7.30%), UP 1.92% AT $ 42.99

ETF FlowsSPOT BTC ETFS:

• Daily Net Flow: $ 591.2 Million
• Cumulative Net Flows: $ 38.99 Billion
• Total BTC Holdings ~ 1.14 Million

Spot eth etfs

• Daily Net Flow: $ 64.1 Million
• Cumulative Net Flows: $ 2.48 Billion
• Total Eth Holdings ~ 3.40 Million

Source: Farside Investors

Overnight FlowsChart of the day

• BTC Dominates Derivatives, with $ 32.97b in Open Interest (Oi), Over 40% of the Total and More Than Double Eth’s $ 12.26b.
• MEMECOINS LIKE DOGE, TRUMP, PEPE AND FARTCOIN EACH Exceed $ 480M in Oi, OutperForforming Many Large-Cap Assets, Showing The Strengt Mencoins Within Derivatives.
• ETH + SOL Combined ($ 16.11b) Remain Fall Far Short of Btc’s Oi, UndersCoring Bitcoin’s Continued Derivatives Supremacy.

While You Were Sleeping

• Bitcoin-freely Poilievre Loses Seat as Carney’s Liberals Win 2025 Election (Coindesk) Seats to Form at Least A Minority Government.
• Canadian Dollar Slips As Liberals Head for Only Narrow Victory (Bloomberg) To Trade Negotias and US Tariff Risks.
• Doj Seeks 20-Iear Sennce for Celsius Founder Alex Mashinsky (Coindesk): Mashinsky Pleaded Guilty to Delibrately Misleading Customers ABUTY ABOUTY OF AIFETY OF THE SHFETY For Personal Gain. SentenCing is set for May 8.
• Russia Heps Warmer Weather Will Boost Flanging Spring Offensive (The Wall Street Journal) Cover, Making Future Attacks HARDER TO REPEL.
• Gold Prices Drop As Tariff Concerns Ease; Us Data In Focus (Reuters): Growing Risk Appetite, Supported by US Treasury Secretary Scott Bessentnt’s Statement that Severaral Major Trading Partners Have Made Strong Proposals, Isa Redu.
• EU Faces Trade War on Many Fronts (Financial Times): European Commission President Ursula Von Der Leyen’s Strategy Is To Negotate With Trump, Strengthan Troade With Other Nets. Support Eu Exporters.

In the Ether