📈 Bitcoin ETFs See Small Inflow While Ether ETFs Continue to Decline

🔄 Bitcoin ETFs experienced a slight rebound on Monday with an inflow of $1.4 million, ending a week-long streak of outflows. In contrast, Ether ETFs faced further losses, recording an exit of $5.98 million, primarily due to withdrawals from Fidelity’s FETH.

➡️ After seven consecutive days of redemptions, Bitcoin ETFs saw a much-needed reversal on April 14. The day's activity was dominated by two funds: Blackrock’s IBIT led with an inflow of $36.72 million, while Fidelity’s FBTC experienced a withdrawal of $35.25 million. The other ten spot Bitcoin ETFs remained inactive, but total trading volume reached a healthy $2.16 billion, with net assets rising to $94.69 billion.

📉 On the other hand, Ether ETFs continued to struggle. The segment saw outflows of $5.98 million, mainly driven by Fidelity’s FETH, which lost $7.78 million. This was partially offset by an inflow of $1.80 million into 21shares’ CETH, but it was insufficient to shift the overall numbers into positive territory. The total value traded for Ether ETFs was $285.64 million, with net assets settling at $5.47 billion.

👀 As the new week begins, the focus will be on whether Bitcoin can maintain its inflow momentum and if Ether can break its ongoing outflow cycle.

📈 Cryptocurrency Market Update: Gains and Losses

📊 On Saturday, the global cryptocurrency market cap rose by 0.53% to reach $2.68 trillion. Over the past week, bitcoin saw a slight increase of 0.3% while ethereum experienced a decline of 2.4%. Despite this, eight digital assets recorded double-digit gains.

🌟 The top performer of the week was threshold network token (T), which surged by 30.59% against the U.S. dollar. It was followed by core dao token (CORE) with a 27.15% increase and theta fuel (TFUEL) which rose by 16.60%. Other notable gainers included VTHO (+15.54%), BRETT (+13.95%), FET (+13.08%), HYPE (+13.02%), and SC (+10.28%). However, T token saw a decline of 9.9% over the last 24 hours.

📉 On the downside, MANTRA’s OM token suffered the biggest drop, plunging by 90.40%. Movement token (MOVE) fell by 32.16% and spx6900 (SPX) decreased by 21.93%. Other tokens that experienced losses included BERA (-21.22%), PENGU (-15.88%), and PI (-15.81%).

➡️ In terms of trading volume, solana (SOL) led the week, followed by XRP. BNB, Official TRUMP, DOGE, and TRX also saw significant turnover. Bitcoin's market capitalization stands at $1.68 trillion, accounting for nearly 63% of the total market. Ethereum's market cap is just under $200 billion at $195 billion, representing over 7% of the crypto economy's total value.

📉 However, data from cryptoquant indicates that bitcoin and ethereum reserves on exchanges have increased over the past week, which may intensify sell pressure and challenge prices in the coming days. With bitcoin dominating nearly two-thirds of the $2.68 trillion market, altcoins will require strong catalysts to attract new capital.

📈 Bitcoin Surges as Global Crypto Market Sees Significant Gains

📊 On Tuesday, the global cryptocurrency market experienced a notable increase of 4.94%, driven by Bitcoin reaching an intraday high of $91,761. Over the past 24 hours, Bitcoin has risen by 5.1%, contributing to a $130 billion expansion in the overall crypto economy since Monday evening.

Bitcoin and the rest of the crypto economy shone brightly on Tuesday, recording gains after Sunday and Monday’s increases.

📈 By 4 p.m. Eastern time on April 22, global trade volume stood at $103.64 billion, marking a 16.6% increase from the previous day. Bitcoin accounted for $45.73 million of this volume, trading at $91,536 per coin.

📉 Other cryptocurrencies also saw significant gains: Ethereum (ETH) rose by 7.64%, Solana (SOL) increased by 6.25%, and Dogecoin (DOGE) was up by 8.75%. Tether (USDT) was the most traded pair for Bitcoin, followed by USD, USDC, and EUR. The meme coin Turbo (TURBO) was the biggest gainer, soaring 36.63% against the dollar.

Some coins were thrown on Tuesday, as IP shed 5.93% and WEMIX took a 4.9% hit.

📉 However, not all coins fared well; IP dropped by 5.93% and WEMIX fell by 4.9%. The crypto derivatives market saw $347.12 million in liquidated positions on April 22, with Bitcoin shorts accounting for $128 million of this total.

🟢 Bitcoin's Current Market Position: A Balancing Act Between Bullish Sentiment and Resistance Levels

📈 Bitcoin is currently consolidating just below its recent peak, following a significant rally that brought it close to this week’s trading range limits. The strong price action and volume indicate a robust bullish sentiment, but the key resistance level at $95,500 remains crucial to monitor.

🔄 On the 1-hour chart, Bitcoin shows short-term consolidation between $93,000 and $94,900 with a slight bullish inclination. The latest hourly candle closed strongly after bouncing off the $91,700 support level. A break above $94,500 could indicate a new upward movement, while a rejection in the $95,000–$95,500 range may lead to short-term selling pressure.

📊 The 4-hour chart displays a classic stair-step uptrend, with price action remaining constructive despite shallow retracements. Following the breakout on April 22, volume spiked but has since cooled as Bitcoin approached the $94,000 level. Support near $83,974 serves as the foundation of the current uptrend, with dips around $92,000 to $92,500 offering potential low-risk entry points.

➡️ From a broader perspective, the daily chart reveals a significant bullish breakout from prolonged consolidation below $86,000. Bitcoin surged rapidly toward $95,000, supported by high volume. While this breakout indicates a shift in trend dynamics, daily candles have begun to tighten, suggesting a slowing pace.

⚖️ Oscillator readings are mixed, reflecting a market that is bullish yet cautious. The momentum and moving average convergence divergence (MACD) both indicate a buy, reinforcing the strength of recent upward moves. In contrast, the commodity channel index (CCI) suggests an overbought condition with a sell signal, while the relative strength index (RSI) and Stochastic remain neutral.

📈 Bitcoin and Ether ETFs Experience Significant Inflows

💰 Last week marked a remarkable resurgence for crypto ETFs, with Bitcoin ETFs attracting a historic $3.06 billion in net inflows, their second-highest weekly total since inception. Ether ETFs also made a notable comeback, bringing in $157.09 million in fresh capital.

➡️ Between April 21 and April 25, Bitcoin ETFs saw massive inflows, particularly on April 22, which recorded $936.43 million without any outflows. Blackrock’s IBIT led the way with $1.45 billion, followed by Ark 21shares’ ARKB with $621.13 million and Fidelity’s FBTC at $573.84 million.

🔄 Ether ETFs ended a multi-week slump with $157.09 million in net inflows. Fidelity’s FETH topped the list with $68.59 million, followed by Blackrock’s ETHA and Grayscale’s Mini Ether Trust.

📊 With this momentum, Bitcoin ETF assets have surpassed $109 billion and Ether ETFs have reclaimed the $6 billion mark, marking one of the strongest weeks for crypto ETFs in 2025.

🌐 Ethena Labs Integrates USDe Synthetic Dollar into TON Blockchain

🚀 Ethena Labs is set to launch its synthetic dollar, USDe, and its staking version, tsUSDe, on The Open Network (TON) blockchain in May 2025. This move will provide Telegram's 1 billion users with access to dollar-denominated savings through self-custodial wallets.

➡️ In partnership with the TON Foundation, USDe will be integrated into popular TON-compatible wallets and decentralized exchanges (DEXes), including Telegram's native Wallet, Tonkeeper, and Mytonwallet. Users will have the ability to purchase and stake USDe, earning yields similar to existing options like toncoin (TON) or Tether's USDT.

💰 USDe serves as a crypto-native alternative to the dollar and can be staked to receive tsUSDe, which generates annual percentage yields (APY) paid in TON. To incentivize early participation, users holding up to 10,000 tsUSDe in qualifying wallets will receive an additional 10% APY boost in TON until the end of 2025.

📌 Ethena Labs has specifically designed tsUSDe for TON's decentralized finance (DeFi) framework to encourage greater community engagement. The companies also plan to introduce additional reward initiatives to promote the expansion of TON's DeFi ecosystem.

🔗 USDe will be the first major asset to connect with TON using Layerzero's cross-chain messaging infrastructure. Current USDe holders will be able to bridge their tokens to TON via Stargate Finance when the integration goes live.

💰 Crypto's Journey Towards Recognition as Money in Brazil

📈 In a recent development, Brazil has taken a significant step towards recognizing cryptocurrency as a form of money. A ruling from the National High Court of Brazil now allows for the seizure of crypto assets to settle outstanding debts. This decision reverses a previous ruling that prioritized debtor confidentiality over the search and seizure of digital assets.

Although unfortunate for some, this ruling has brought crypto’s value and significance to the public eye once more.

🔍 This move acknowledges cryptocurrency as property, bringing it closer to being considered money. It highlights the growing relevance of crypto in financial matters, especially for those storing their digital assets in local exchanges.

♾ Moreover, this ruling could aid creditors in cases of cryptocurrency scams. If funds linked to such crimes are held in exchanges, they can be easily blocked and seized by authorities. This provides law enforcement with an additional tool to combat crypto-related crimes.

⚖️ However, the battle for crypto recognition in Brazil is not over yet. Crypto advocates are currently opposing a forthcoming regulation that would prohibit stablecoin self-custody. This could potentially isolate Brazil from decentralized finance initiatives.

As I said before, one step forward and one backward.

💰 Trump's Cryptocurrency Ventures: A $2.9 Billion Boost

📈 President Donald Trump’s cryptocurrency investments have reportedly increased his wealth by approximately $2.9 billion over the past six months. This surge is detailed in a report by the State Democracy Defenders Fund, which suggests that Trump's crypto assets now represent nearly 40% of his total net worth of $7.7 billion.

💵 Among these assets are the meme coin official TRUMP and the recently introduced USD1 stablecoin, launched by World Liberty Financial, Inc. (WLFI), in which Trump's family-linked entity holds a 60% stake. The USD1 stablecoin is backed by U.S. Treasuries and cash equivalents.

📝 The report claims that Trump's executive order from January supported private-sector stablecoins while delaying a federal digital currency initiative, coinciding with WLFI’s USD1 launch. It also alleges that the Justice Department has eased its enforcement on digital asset cases unless they are related to terrorism or drug cartels.

⚖️ Ethics experts cited in the report express concerns about potential conflicts of interest arising from Trump's promotion of his crypto ventures, particularly through social media endorsements of TRUMP. The report notes that his assets are held in a trust managed by his sons rather than in traditional blind trusts used by previous presidents.

🌍 Additionally, there are implications under the Foreign Emoluments Clause as WLFI markets the USD1 stablecoin to foreign governments and sovereign wealth funds. While Congress is considering the GENIUS Act to regulate stablecoins, it has not proposed measures to prevent elected officials from owning such assets.

➡️ The report calls on lawmakers to address these loopholes that allow Trump to influence policies that could benefit his holdings. It also mentions that Trump is expected to provide more information about his crypto income in a financial filing due on May 15.

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💰 Bitcoin Surges Past $97,000 Amid Token2049 Dubai

📈 Last week, as trade war tensions eased, bitcoin soared above $97,000, marking an 18% rebound since March. This rally is driven by renewed institutional interest and the growing perception of bitcoin as a gold-like asset. The absence of major trade war news also contributed to the positive response from both traditional and crypto markets.

🎤 The Token2049 Dubai conference featured notable discussions, including Eric Trump's remarks on digital sovereignty and the acceptance of bitcoin for apartment purchases in a new Trump Organization tower. Changpeng Zhao (CZ) highlighted Europe's lag in crypto reserve discussions compared to the U.S. and Asia, despite its advancements with MiCA regulations.

🎉 The event was a spectacle, featuring zip lines, climbing walls, and neon lights. Amidst the excitement, Eric Balchunas, a Senior ETF Analyst for Bloomberg, emphasized the growing importance of ETFs in the crypto ecosystem. He suggested that crypto companies may not be taking ETFs seriously enough, despite their significant impact on bitcoin's price movements.

📊 As ETF inflows are expected to increase over time, the bitcoin and crypto ecosystem must recognize their transformative power, similar to their effect on traditional equity markets.

🌍 Russia and China Move Away from the U.S. Dollar in Bilateral Trade

➡️ Russia and China have significantly reduced their dependence on the U.S. dollar in bilateral trade, opting to conduct transactions in rubles and yuan. This shift was highlighted by Russian President Vladimir Putin during a press conference following a meeting with Chinese President Xi Jinping in Moscow on May 8. Putin stated that almost all foreign trade operations between Russia and China are now carried out in their national currencies.

As a result, almost all Russian-Chinese foreign trade operations are carried out in rubles and yuan,

Putin emphasized. He further noted that a stable system of mutual trade has been established, which is protected from the influence of third countries and negative trends in global markets.

📈 The economic integration between Russia and China is evident, with China being Russia's largest trading partner in 2024, and bilateral trade reaching a record $245 billion. Putin also mentioned that there are about 90 priority Russian-Chinese projects worth approximately $200 billion underway in various sectors such as industrial production, transport, logistics, agriculture, and mining.

🌐 This move towards using national currencies is part of a broader trend among BRICS countries seeking de-dollarization and greater monetary independence. These nations are increasingly advocating for settling trade in local currencies to shield themselves from external financial pressures and sanctions, a trend that has gained momentum due to geopolitical developments and global monetary instability.