👉 ALERT: Last 4 of 5 Times Bullish for Crypto! Will It Repeat?
USDT Set to Ignite a Crypto Bull Run?
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📰 Last 4 of 5 Times Bullish for Crypto! Will It Repeat?
💎 USDT Set to Ignite a Crypto Bull Run?
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
💭 Banter’s Take
GM Degens,
There are two indicators we will look at today that are somewhat predicting the next bull leg up. One was bullish 4 out of the last 5 times, while the other is a chart that, if it continues its trend, many believe could spark the next run.
Let’s dive in!
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
Source: CoinMarketCap
📰 Question of the Day
Last 4 of 5 Times Bullish for Crypto! Will It Repeat?
The S&P 500 and the QQQ have formed death crosses. Meanwhile, gold is jumping to new all-time highs, the dollar (DXY) is dropping, and the real US yield curve is signalling that inflation is far from over, with Trump pushing the Fed to cut rates—something that we might get indication of later today.
Bitcoin (BTC) is testing the bottom of the bull market support band again, according to our analysts, as whales seemingly continue to accumulate. But, a bullish cross has appeared on the MACD of the Bitcoin-to-S&P 500 ratio (BTC/SPX) 3-day chart. According to Moustache, this has been bullish 4 out of 5 times in the last 2 years.
Could it repeat?
President Trump said that the US has taken in a record number of tariffs while product costs, as well as gas and grocery prices, are decreasing. He also stated that he believes "there is a chance that the money from tariffs could be so great that it would replace" income tax. No wonder, as the US has just imposed a 245% tariff on China to pay those bills.
But China's Q1 GDP grew 5.4% Y/Y, surpassing the estimate of 5.2%. Meanwhile, Hong Kong has suspended postal service for all goods being sent to the US.
Oh, and don’t tell members of the U.S. House of Representatives (like, for example, Nancy Pelosi), but Trump is considering banning Congress from trading stocks.
Yesterday, we talked about the global M2 money supply, and how Bitcoin is following it closely, with it predicting a potential breakout on the horizon. And now many are talking about how China's M2 money supply has reached a new all-time high.
As reported by Ash Crypto, in both 2016 and 2020, China's money supply exploded first, and then other countries followed. So, is the thesis we theorized yesterday playing out?
Today’s biggest market mover is likely to be Federal Reserve Chair Jerome Powell’s speech at 11:30 AM ET. He will address inflation data and the market outlook. Everyone will be hanging onto his words. Any mention of quantitative easing, surprise rate cuts, or money printing could shift markets rapidly as volatility spikes.
Now, on to that second indicator we mentioned…
💎 Degens’ Den
USDT Set to Ignite a Crypto Bull Run?
USDT dominance (USDT.D) has just sharply rejected at a key level, as many are discussing on X. Crypto-ROD has charted a potential USDT.D path below that could be an ideal scenario for Bitcoin and altcoins—all, of course, just theories and speculation. As usual, none of this is financial advice, and you all need to do your own research.
Technically, if this chart drops, it could mean that capital in crypto is flowing away from stablecoins and into the rest of the market.
Speaking of stablecoins, Sui (SUI) saw the highest stablecoin inflows among all blockchains, with an increase of $18.1 million in the last 24 hours.
Now, over to Mantra (OM). We looked at its major fall a few days ago, and we noted that people would be looking out for some good news. As you can see in Banter Bubbles further up, it’s one of the top gainers today in the top 100 coins by market cap. This is due to Mantra CEO John Mullin announcing plans to burn his team’s tokens to win back the trust of the community.
Could they really pull off a comeback? Everyone loves a good comeback story in crypto.
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🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
Nvidia Loses $5.5 Billion in Q1 Due to U.S. Government's Single Export License Rule
Senator Lummis Champions Bitcoin as Store of Value to Strengthen U.S. Dollar's Global Reserve Status
💭 Banter’s Take
Things can turn around quickly, as (somewhat) proven by Mantra. The whole tariff situation could follow the same path: a deal done one day, and it’s all over!
Today, Powell could also create a dramatic shift in sentiment.
Let’s see how this plays out!
See you all tomorrow!
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