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Bukele to meet Trump amid El Salvador’s $1.4B IMF deal tied to Bitcoin constraints. Trump’s potential pro-Bitcoin stance could shift global crypto politics. BTC nears $85K after breaking downtrend, showing strength amid macro volatility.
Quick Take The OM token plunge has seen over $71.8 million in liquidations over the past 24 hours. The project’s co-founder disclosed that the price movements were caused by “reckless forced closures” initiated by centralized exchanges on OM account holders.
The total crypto market cap chart has formed a bullish falling wedge pattern. The analyst also highlighted a bullish divergence on the altcoin market cap chart. The last time such a setup was seen, a massive altcoin rally was seen in 2020.
Solana’s price has grown by more than 10% over the past week while ether’s has fallen by a similar proportion, leading the SOL/ETH price ratio to a new all-time high at daily close. The ratio of ETH to BTC has also fallen to its lowest value since early 2020. Ethereum co-founder Vitalik Buterin hinted on X that future hard fork upgrades to the blockchain network could come faster following the upcoming Pectra upgrade set for early May.
XRP is back above $2 after a 22% rally, with technicals hinting at more gains. Key resistance at $2.23 could pave the way to $2.50.
Despite growing rumors, SWIFT has not confirmed any plans to integrate Ripple's XRP. Speculation about the partnership largely stems from misunderstanding pilot programs and ISO 20022 compliance, with no substantial evidence backing the claims.
Ethereum leads all blockchains in developer activity, confirming strong network fundamentals amid price consolidation. ETH trades above multi-year resistance with $4,811 and $8,557 as valid targets based on long-term breakout structures. A symmetrical triangle on the hourly chart signals a potential 17% move, with $1,665 as the key breakout resistance level.
- 22:27S&P 500 Index Dips to Intraday Low, Gains Narrow to 1.74%Blockbeats news, on April 23, the S&P 500 Index dipped to an intraday low, with gains narrowing to 1.74%. (Jinshi)
- 22:26Three Champions League teams advance, with no boost for fan tokensJinse reports that Paris Saint-Germain (PSG / $PSG), FC Barcelona ($BAR), and Inter Milan ($INTER) progressed to the Champions League semi-finals, but their official crypto fan tokens did not see significant increases. Since advancing on April 15, $PSG and $BAR have only risen by 0.5% and 0.6%, while $INTER, which progressed the following day, actually fell by 1%. The article notes that these slight price movements are "largely inconsequential" due to the "extremely low trading liquidity" of fan tokens. Analysts suggest that these tokens are more akin to "brand loyalty points" rather than assets with investment value.
- 21:51Wealth Management Firm Glenmede: "Don't Fight the Trump Administration" Is the New "Don't Fight the Fed"According to a report by Jinse, less than 100 days into the second Trump administration, traders have realized a new reality: Trump may be more willing than expected to disrupt global trade to boost domestic manufacturing and reduce trade deficits with other countries, especially following the "Liberation Day" tariff announcement on April 2. This new reality has rattled the U.S. stock market. Mike Reynolds, Vice President responsible for investment strategies at Glenmede, stated, "The result is akin to an external shock, like the COVID-19 pandemic. People often say, 'Don't fight the Fed,' and 'Don't fight the executive office' is the new 'Don't fight the Fed.'"