The Correlation Break

Bitcoin traded in lockstep with software stocks for five years, but that correlation broke this week. 

Software stocks continued to plunge while Bitcoin held steady, Visser told Anthony Pompliano on The Pomp Podcast.

Software names are getting destroyed by AI disruption.

Salesforce, Palantir, and Adobe all posted new lows this week as AI agents make coding free and ubiquitous. 

Bitcoin, however, has no competitor and cannot be disrupted by AI because it’s not a business with fundamentals.

The weekly MACD is crossing this week, providing a technical signal. Combined with the correlation break, Visser says the setup looks compelling.

The $76,000 Level

Visser gives…

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Ripple CEO Brad Garlinghouse said “we’re there” on the Clarity Act passing as frustration peaks and lawmakers finally compromise.

The ‘We’re There’ Moment

Garlinghouse told Semafor on Monday that he remains optimistic the Clarity Act will pass despite being less confident than before.

“Some of the smartest people and Washington insiders that I know have said to me when people are at their peak frustration, that’s when they finally compromise and it gets done,” Garlinghouse said. “I think we’re there.”

He called the SEC and CFTC joint statement two weeks ago “truly groundbreaking” and said it ended an era of lawfare against the industry. 

However, he stressed that…

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A new draft of the proposed Clarity Act, led by U.S. Senator Thom Tillis (R-SC) alongside Senator Angela Alsobrooks (D-MY), is expected this week as lawmakers attempt to resolve a growing regulatory dispute over stablecoin rewards.

Core Disagreement Over Stablecoin Yield

The legislation aims to address a long-standing conflict between traditional banking institutions and crypto companies over whether stablecoin holders should be allowed to earn yield or interest, The Block reported.

Earlier legislation, including the GENIUS Act, prohibits stablecoin issuers from directly paying interest to holders but leaves a regulatory gray area. It does not explicitly ban third-party platforms, such as…

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The IRS Crackdown

The Internal Revenue Service is stepping up its crackdown on crypto tax evasion as the April 15 filing deadline approaches.

“This year, we are seeing the IRS clampdown on crypto tax evasion more than ever before,” Andrew Duca, founder of tax platform Awaken Tax, told DL News. 

“The IRS’s Criminal Investigation division is going after crypto cases more and more,” he added.

The Coinbase and CoinTracker report described an “environment of high compliance intent but low functional understanding.” 

Meanwhile, Duca reports that 52% of U.S. crypto investors worry they will file their crypto taxes incorrectly this year and face an IRS penalty.

“There have been so…

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Bitcoin (CRYPTO: BTC) has broken above the descending channel that defined the bear trend, yet U.S. spot ETFs bled $291.11 million on April 13 as institutions pull back.

BTC’s Technical Breakout

Bitcoin now tests the 100 EMA at $75,275—the first major EMA test since the breakdown began.

The SAR at $68,721 sits comfortably below, keeping the daily signal bullish. 

The 20 EMA at $70,826 and 50 EMA at $71,005 both sit beneath price and are beginning to slope upward—the first time this alignment has appeared since the peak.

Key support sits at $71,005 (50 EMA), then $70,826 (20 EMA), then $68,721 (SAR). Resistance clusters at $75,275 (100 EMA), then $80,000, then $83,218 (200 EMA).

The ETF… Read more on Benzinga