💸 Crypto Rollercoaster: Buckle Up! 🎢

Well, blow me down! The crypto market, that unpredictable beast, has had another one of its little wobbles. After a week of, shall we say, *vigorous* activity, it seems to have decided to take a breather. The market cap, bless its cotton socks, did a little dance, dropping to $2.5 trillion, then soaring to $2.71 trillion, before deciding $2.65 trillion was a more comfortable number. You know, the kind of thing that keeps you up at night. 😴

The market cap, in its infinite wisdom, is up a whole 0.79%, currently lounging around at $0.266 trillion. Bitcoin (BTC), the granddaddy of them all, is only marginally up, while Ethereum (ETH) is feeling a bit under the weather, being marginally down. Bitcoin, currently trading around $84,550, had a brief flirtation with $85,426 before being firmly told to stay put. It’s struggling to break through the resistance, which, in crypto-speak, means it’s having a bit of a tantrum. 😠

Ethereum, poor thing, is down over 1% and hovering around $1,579, desperately trying to claw its way back to $1,600. Ripple (XRP) had a bit of a tumble but, surprisingly, managed to stay above $2, despite a 2.10% drop. Solana (SOL), on the other hand, is marginally up, trading at $133. Chainlink (LINK), Stellar (XLM), Toncoin (TON), Hedera (HBAR), Polkadot (DOT), and Litecoin (LTC) are all feeling rather chipper with notable increases. But Dogecoin (DOGE) and Cardano (ADA)? Not so much. They’ve registered substantial declines. It’s like a digital soap opera, isn’t it? 🎭

Republican States Hit Pause on SEC Lawsuit 🛑

A federal judge, in a moment of judicial magnanimity, has agreed to put the brakes on a lawsuit between 18 state attorney generals and a DeFi lobbyist group against the United States Securities and Exchange Commission (SEC). Apparently, the new SEC leadership is the reason for this pause. The Republican attorney generals, bless their partisan hearts, filed the lawsuit with the DeFi Education Fund last November, claiming the regulator had overstepped its authority. The SEC, in a filing, suggested that Paul Atkins becoming the new Chair could bring an end to this legal brouhaha. One can only hope! 🙏

“As support, the Defendants state that due to a leadership transition in the Securities and Exchange Commission, this case could potentially be resolved.”

The judge has given everyone 30 days to file a joint report but has paused all deadlines for 60 days. The original lawsuit was basically saying the SEC was meddling in state legislators’ attempts to regulate digital asset firms. It’s all rather complicated, isn’t it? 😵‍💫

“Some States, for instance, have enacted regulatory regimes for financial institutions focused on digital assets; others have required digital asset platforms to obtain money-transmitter licenses and security bonds to guarantee liquidity. While state regulatory approaches have varied in accordance with local needs, they have consistently endeavored to provide transparent and administrable rules of the road. And Congress has repeatedly declined proposals to give federal agencies broad regulatory power over digital assets.”

The US Congress is expected to take up market structure legislation that might clarify the role of federal regulators in overseeing crypto. Until then, the SEC has decided to drop investigations and lawsuits into over a dozen companies. Which is probably a good thing, right? 🤔

Crypto Markets Take a Chill Pill 💊

The crypto market has finally calmed down after a week of, shall we say, *excitement*. The market cap did its usual dance, tumbling to $2.5 trillion before bouncing back to $2.71 trillion and then settling at $2.66 trillion. The Fear & Greed Index is also slowly crawling out of the “extreme fear” zone and is now consolidating in the “fear” zone. Which is…progress? I suppose. Baby steps, people, baby steps. 🚶

Bitcoin is trading in a relatively narrow range this week, trying to stay above the 50-day SMA and build momentum to push past the 200-day SMA. It’s like watching a snail trying to climb Mount Everest. 🐌

Slovenia Mulls Over 25% Crypto Tax 💰

Slovenia’s Finance Ministry is contemplating a 25% tax on crypto trading profits under a new draft law. Apparently, the public gets a say in this. The bill proposes taxing crypto traders when they sell their crypto for actual money or use it to buy stuff. However, crypto-to-crypto transfers and transfers between wallets owned by the same people will be exempt. Because that would just be silly. 🤪

According to Slovenia’s finance minister, Klemen Boštjančič, it’s just not fair that crypto trading isn’t taxed. One can see his point. 🤷

“The goal of taxation of crypto assets is not to generate tax revenue, but we find it illogical and unreasonable that one of the most speculative financial instruments is not taxed at all.”

However, Jernej Vrtovec, a member of Slovenia’s national assembly, thinks this is a terrible idea and could stifle crypto growth. It’s always something, isn’t it? 🙄

“Slovenia has the opportunity to become a crypto-friendly country, but with the government’s proposals, we will miss the train again. With excessive taxation, we will once again see young people and capital fleeing abroad. Taxes should encourage, not stifle.”

Trump Slams Federal Reserve Chair 😡

US President Donald Trump has had a go at Federal Reserve Chair Jerome Powell for being too slow to cut interest rates. This could escalate a long-running feud and undermine the central bank’s independence. Florida Senator Rick Scott agrees with Trump, saying it’s time for new leadership at the Federal Reserve. Because, you know, things weren’t complicated enough already. 🤯

The public criticism of the Federal Reserve breaks a decades-long tradition intended to protect the central bank from political meddling. Powell, however, has stated that the Fed’s independence is a matter of law and that he intends to serve the remainder of his tenure. Good for him, I say! 👏

Bitcoin (BTC) Price Analysis 📈

Bitcoin’s rally has hit a snag around the $85,000 and $86,000 zone. However, it’s holding firm above $80,000, which is something, I suppose. Bitcoin’s sideways movement suggests things are stabilizing, and its next move could be a big one. Either up or down, naturally. ↕️

One analyst thinks Bitcoin could be on the verge of a breakout, potentially surging to $137,000 and setting a new all-time high. Apparently, the weekly Relative Strength Index has broken above a long-standing downward trendline, which is a good sign. Or so they say. 🤔

Bitcoin registered a sharp drop after Federal Reserve Chair Jerome Powell warned that Trump’s trade policies would result in slower growth and higher inflation. As a result, Bitcoin fell from a day high of $86,533 but stabilized above $83,000. So, you know, swings and roundabouts. 🎡

The flagship cryptocurrency had a sharp rally on Wednesday, rising over 8% to reclaim $80,000. However, it lost momentum on Thursday, dropping almost 4%. Markets recovered on Friday, and Bitcoin rose nearly 5%. Buyers retained control on Saturday, and the price increased by 2.41%. Bitcoin was back in the red on Sunday, dropping almost 2%. It’s like a digital seesaw, isn’t it? ⚖️

Bitcoin started the current week positively, registering an increase of 1.01%. However, it lost momentum on Tuesday and fell to $83,701. Buyers returned to the market on Wednesday, and Bitcoin registered a marginal increase. Buyers retained control on Thursday, and the price rose 1.11%. The current session sees Bitcoin marginally down as it attempts to overcome the resistance at $85,000. If it can cross this level, a move to $90,000 is likely. Fingers crossed! 🤞

Ethereum (ETH) Price Analysis 📉

Ethereum is struggling for momentum as it trades below $1,600. Analysts worry it could start a fresh decline after forming a low at around $1,540. Ethereum’s sluggish price action can be attributed to a 60% decline in Ethereum ETFs. Apparently, Ethereum ETFs shed $12.01 million on Wednesday and have seen outflows of $909 million since Trump’s tariffs went live. The sustained outflows indicate institutional risk-off sentiment, hampering price growth. Oh dear. 😟

Meanwhile, Tron founder Justin Sun has reiterated that he has no plans to sell his Ethereum holdings. Well, that’s reassuring. I guess. 🤷

“ETH is currently at a low price, but we have no intention of selling our ETH holdings. Tron will continue to seek opportunities to collaborate with more Ethereum developers and build our industry together.”

Ethereum had a rally on Wednesday, surging over 13% to cross $1,600. However, it was back in the red on Thursday, dropping almost 9%. Market sentiment changed on Friday as buying pressure returned. As a result, Ethereum rose nearly 3%. Buyers retained control on Saturday, with the price rising almost 5% to reclaim $1,600. Ethereum lost momentum after reaching this level and fell 2.92% on Sunday. What a rollercoaster! 🎢

Ethereum started the current week positively, registering an increase of almost 2% to reclaim $1,600. However, Ethereum was back in the red on Tuesday, dropping 2.02%. Sellers retained control on Wednesday, and Ethereum registered a marginal decline. Price action was muted on Thursday, and the price is struggling to reclaim $1,600. If Ethereum fails to clear $1,600, it could start another decline and fall towards $1,400. Let’s hope it doesn’t! 😬

Solana (SOL) Price Analysis 🚀

Solana’s recovery has gained momentum after breaking past $130 and the 50-day SMA. The jump came after Coinbase implemented crucial enhancements to its Solana network infrastructure. The improvements are part of the crypto exchange’s efforts to enhance its transaction processing capabilities. Sounds impressive, doesn’t it? 🤩

“We’ve been hard at work scaling our @Solana infrastructure to be faster, more resilient, and more scalable.”

The upgrade, coupled with growing institutional interest, is a positive development for Solana. Good for them! 👍

Solana registered a sharp jump on Wednesday, rising almost 13%. However, it lost momentum on Thursday, dropping over 5%. Markets rallied on Friday, and Solana registered an increase of almost 8%. Bullish sentiment persisted on Saturday, and Solana surged 9%. Solana was back in the red as buyers lost momentum, dropping 3%. Up and down, up and down… ⬆️⬇️

Solana started the current week with a marginal increase, settling at $129 after reaching an intraday high of $135. Price action turned bearish on Tuesday after Solana dropped 2.47%. Buyers returned to the market on Wednesday, and the price registered an increase of over 4%. Buyers retained control on Thursday, and Solana rose almost 3%. The current session sees Solana marginally up as it looks to build momentum and push towards $140. Go, Solana, go! 🏃‍♀️

Ripple (XRP) Price Analysis 🌊

Ripple has been trading downwards since its January peak, although it has attempted to reverse its trajectory. The price has established a support level at around $2. However, this level was breached last week after Ripple fell to a low of $1.61 before rebounding to reclaim $2. Price action remained bearish on Tuesday as Ripple fell over 5%. Ripple recovered on Wednesday, rising over 14%. Price action turned bearish on Thursday as Ripple lost momentum. However, sentiment changed on Friday, and the price rose over 2%. It’s all very dramatic, isn’t it? 🎭

Bullish sentiment intensified on Saturday as Ripple rallied almost 7%. Sentiment changed on Sunday, and Ripple fell nearly 2%. Price action was muted on Monday. However, it was back in the red on Tuesday, dropping over 2%. Sellers retained control on Wednesday and Thursday. The current session sees Ripple marginally up as it attempts to stay above the 20-day SMA and $2. Stay strong, Ripple! 💪

Dogecoin (DOGE) Price Analysis 🐶

Dogecoin was quite bullish towards the end of last week, racing to $0.167. However, it lost momentum and failed to cross the 20-day SMA. As a result, sellers took control, driving the price to $0.153 by Tuesday. Price action has been relatively muted since, with Dogecoin struggling to push back above $0.160. Dogecoin registered a sharp rally last Wednesday, rising 12.90%. However, it lost momentum on Thursday, dropping almost 5%. Markets recovered on Friday, and the price registered an increase of 4.45%. Buyers retained control on Saturday. Such a good boy! 🐕

However, the bulls lost momentum after failing to cross the 20-day SMA. As a result, the price dropped almost 3% on Sunday. Sellers retained control on Monday. Price action remained bearish on Tuesday. Dogecoin has remained relatively muted since, registering marginal increases on Wednesday and Thursday and moving to $0.155. The current session sees Dogecoin static at $0.155. At least it’s consistent, eh? 🤷‍♀️

Filecoin (FIL) Price Analysis 📁

Filecoin has been trading downwards since the weekend, losing momentum after reaching an intraday high of $2.60 on Sunday. Filecoin was bullish towards the end of last week, rising over 9% on Wednesday. However, it was back in the red on Thursday, falling almost 5%. Market sentiment changed on Friday as buyers returned to the market. As a result, Filecoin rose 4.41%. Buyers retained control on Saturday, with the price rising almost 5% to cross $2.50. Despite the bullish momentum, Filecoin was back in the red on Sunday, dropping nearly 3%. So it goes. 😔

Filecoin started the current week positively, rising 1.41%. However, buyers lost momentum on Tuesday, dropping 4.49%. Sellers retained control on Wednesday as Filecoin dropped 1.27%. Sellers retained control on Thursday. The current session sees the price up over 3% and trading at $2.45. If buyers can maintain momentum, Filecoin could reclaim $2.50. Let’s see what happens! 👀

Jupiter (JUP) Price Analysis 🪐

Jupiter registered an increase of almost 14% on Wednesday, rising to $0.378. However, it was back in the red on Thursday, falling 4.01%. Buyers returned to the market on Friday, and the price rose over 6%. Buyers retained control on Saturday as Jupiter rose almost 6% to cross $0.40. Despite the positive sentiment, Jupiter was back in the red on Sunday, dropping over 6%. Out of this world! ✨

Jupiter remained bearish on Monday, starting the week with a marginal decline. Selling pressure increased Tuesday as Jupiter fell over 6% to $0.655. Jupiter recovered on Wednesday, rising 1.88%, and continued to push higher on Thursday, rising 1.41%. The current session sees the price up over 3% and trading at $0.378. Buyers will look to retain control and attempt to reclaim $0.40. To infinity and beyond! 🚀

2025-04-18 17:16