Bitcoin (CRYPTO: BTC) is entering a structurally different phase of market development, according to Matt Hougan and Ryan Rasmussen at Bitwise Asset Management.

Weak Q1, Strong Narrative Shift

In a Apr.22 interview with Milk Road, Hougan and Rasmussen described Q1 as the weakest crypto quarter in several years across price action and on-chain metrics. However, they emphasized a sharp divergence between weak data and strong fundamentals.

They noted that while market performance lagged, major developments, including ETF expansion, regulatory clarity, and institutional participation, remained strongly positive.

This disconnect, they argue, could set up a delayed rebound in Q2 as markets begin…

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Bitcoin (CRYPTO: BTC) has broken above the True Market Mean at $78,100 for the first time since mid-January, but Glassnode data shows profit-taking spiked to levels that marked every local top this year.

The $80,000 Resistance Wall

The Short-Term Holder Cost Basis at $80,100 represents the average acquisition price of investors who purchased within the last 155 days. 

A recovery toward $80,000 would push more than 54% of recent buyers into profit, historically the threshold where distribution pressure has exhausted bear market rallies.

“This is the second instance of this structure forming,” Glassnode analysts wrote. “Repeated encounters with this threshold reinforce its reliability…

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The Two-Coin Portfolio

O’Leary said he dumped all his altcoin holdings after the October 2025 crash and now holds only Bitcoin and Ethereum. 

“So what’s happened to the poo-poos is they collapsed last October, and all of them, thousands of them, never came back,” O’Leary said. “So I dumped all my coins, and I own those two.”

The $150,000-$200,000 Bitcoin Call

O’Leary linked Bitcoin’s potential rise to progress on U.S. crypto legislation, particularly the proposed Digital Asset Market CLARITY Act. 

“It is worth more to tenants than Bitcoin until Bitcoin becomes a regulated security through the Clarity Act and gets up to $150,000—or maybe $200,000,” he said in an…

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Meme coins have rallied nearly 20% in the past month, but analysts warn the gains are concentrated in a few tokens and the sector remains down 75% from its December 2024 peak.

The Concentrated Rally Problem

Illia Otychenko, lead analyst at CEX.IO, told DL News the rally may “overstate the sector’s health” as much of the growth came from a few fast-rising assets that distort the real picture.

“The rise in the meme coin sector appears driven by a mix of improving risk sentiment, rising on-chain speculation, and sharp gains in a handful of outsized tokens,” Otychenko said.

Meanwhile, Charles Chong, vice president of strategy at BlockSpaceForce, said the spike reflects a tired pattern…

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The April 23 Letter

The Crypto Council for Innovation and the Blockchain Association led the letter dated April 23, addressed to Senate Banking Committee Chairman Tim Scott (R-SC), Ranking Member Elizabeth Warren (D-Mass.), Digital Assets Subcommittee Chair Cynthia Lummis (R-Wyo.), and Ranking Member Ruben Gallego (D-AZ).

“With thoughtful market structure legislation, Congress has the opportunity to extend that leadership into the next generation of financial technology,” the groups wrote.

The coalition also backed the committee’s work on stablecoin-linked consumer rewards and efforts to define SEC and CFTC oversight. 

It stressed protecting developers building decentralized systems and…

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Fundstrat’s Tom Lee said the U.S. is entering “an 18-to-24-month period that might be one of the best we’ve ever seen” as retail investors begin chasing the stock rally.

Retail Finally Chasing The Rally

Lee told Bloomberg TV on Wednesday that retail investors initially sat out the war rally due to “policy puzzlement” and fears about gasoline prices causing a recession. 

Surveys showed many investors didn’t know how big the Iran war could become.

“I was quite surprised because I would have assumed if someone asked me in 2026, a war is going to start, what will retail do? I would assume that they’d buy the dip,” Lee said.

He now believes retail investors are beginning to…

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Bitcoin is trading sideways as Bitcoin ETFs saw $85.04 million in net inflows on Wednesday, while Ethereum ETFs reported $42.8 million in net inflows.  

Cryptocurrency
Ticker
Price

Bitcoin
(CRYPTO: BTC)
$77,793

Ethereum
(CRYPTO: ETH)
$2,331

Solana
(CRYPTO: SOL)
$85.46

XRP
(CRYPTO: XRP)
$1.41

Dogecoin
(CRYPTO: DOGE)
$0.09576

Shiba Inu
(CRYPTO: SHIB)
$0.056065

Meme coin market capitalization is trading 4.5% lower over the past 24 hours.

Trader Commentary: 

Trader Alex Wacy said market sentiment appears overly bullish despite Bitcoin not yet confirming a breakout. A decisive move higher could push BTC toward …

Full story available on Benzinga.com

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Imprisoned cryptocurrency fraudster Sam Bankman-Fried on Wednesday touted his investments in some of the world’s most valuable companies, and what the total stake could have been if the fire-sale had not occurred.

‘Many Such Cases’

The bankruptcy of FTX led to the company selling off most of these assets. SBF posted an image showing what FTX’s top holdings would be worth today if they hadn’t been sold. Benzinga couldn’t independently verify these numbers.

SBF’s Missed Profits?

A Business Insider report indicated that Anthropic’s valuation may be nearing $1 trillion, which would put an 8% stake at roughly $80 billion—much closer to SBF’s claim.

Similarly, FTX is estimated to have an…

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