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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.
- 16:57Federal Reserve Governor Waller: The Independent Structure of the Federal Reserve Has Proven Its ValueAccording to a report by Jinse Finance, Federal Reserve Governor Waller stated that the structure of the Federal Reserve Board has "stood the test of time" and should be preserved. Members of this structure cannot be dismissed due to policy disputes and are staggered with the presidential term. Waller cited earlier research by himself and others, saying that the Fed's system allows each U.S. president, with a four-year term, to appoint some members of the seven-member board, thereby achieving electoral accountability, while the term of up to 14 years enables the Fed to make objective, non-partisan decisions. Waller stated, "This is the structure that the Fed currently employs. I believe it has stood the test of time, and I hope it continues to exist in the coming years."
- 16:57SOL Short Liquidation Volume on Solana Chain Exceeds Centralized Exchanges, Reaching $47 MillionAccording to SolanaFloor monitoring, in the past 24 hours, the liquidation volume of SOL short positions on Solana's native perpetual contract exchange reached $47 million, surpassing the $31 million liquidation scale of centralized exchanges.
- 16:57Goldman Sachs: US Stocks May Drop About 20% Due to "Recession Risk"According to a report by Jinse Finance, Goldman Sachs stated that the U.S. stock market faces a risk of nearly 20% decline, with recession posing a significant risk to the stock market. In a podcast on Thursday, Goldman Sachs' Chief Economist Jan Hatzius and Chief Global Equity Strategist Peter Oppenheimer appeared particularly cautious. Hatzius reiterated the expectation that "the probability of a U.S. economic recession in the next 12 months is 45%," acknowledging that recent data has been mixed, with weak soft data such as sentiment surveys and better hard data like the latest non-farm employment figures. Goldman Sachs' Chief Political Economist Alec Phillips warned that comments by the U.S. President regarding the trade agreement with the UK suggest that many countries will ultimately face higher tariffs than before Trump's re-election.