Bitcoin is showing real strength right now. It sits steady just under $77,000 during Asian trading hours. This comes even as global markets feel the heat from rising oil prices and tense world events. In the last 24 hours,
Oil prices are spiking hard. Brent crude topped $111 per barrel. This follows reports of US plans for a longer naval blockade in the Strait of Hormuz. Tensions with Iran are high, and that keeps energy costs up. Higher oil means more worry about inflation. Central banks meet soon, and this adds pressure.
But
Experts agree the game has changed. Supply pressure from big sellers is gone. Folks scared by rules or tech fears already sold out. Now, fewer hands want to let go. Bitcoin ties less to bank moves and more to overall market shakes.
The rest of crypto isn’t as lucky. Ether dropped 2.6% this week to $2,310, now at $2,329. XRP fell 3.8% to $1.39. Solana lost 3.2% to $84.57. BNB is down 2.3% at $625.
Dogecoin bucks the trend. It’s up 5.5% to $0.1016, now $0.10987. A big whale just went long on 40 million DOGE with 10x leverage – that’s $4.4 million bet. DOGE pumps often spark fun in the market.
Traders eye $75,000 as big support. Break below, and more drops could come. Push back to $80,000 keeps the bull run alive. With dominance up, Bitcoin could lead any recovery.
US futures look perky. S&P 500 futures up 0.2%, Nasdaq 100 up 0.5%, Dow up 0.2%. But Tuesday saw pullbacks: S&P down 0.5%, Nasdaq off 0.9%.
Tech stocks hurt most. Reports say OpenAI missed growth goals. Oracle down 4%, Broadcom 4%, Nvidia over 1%. Starbucks jumped 5% after-hours on better outlook. Robinhood sank 8% on weak results.
Big ones report soon: Alphabet, Amazon, Meta, Microsoft after Wednesday close. Investors want proof that AI bets pay off in real cash. Crypto ties close to tech – good earnings could lift sentiment.
Wednesday brings the Fed’s April call. No rate cut expected. This might be Chair Powell’s last before his term ends in May. Markets watch for hints on future cuts. Dovish talk could boost risk assets like
Oil and inflation fears make this key. If Fed sounds calm, Bitcoin might test higher. Rising dominance shows it’s ready to shine.
Big names fuel optimism. Billionaire Paul Tudor Jones says
Michael Saylor dreams big: Bitcoin as a $200 trillion network. His MicroStrategy holds tons of BTC.
Other news: Tron’s active users up 46.72%, transactions up 53.76% last month. BNB Chain hosts #BNBMiami on May 6 with demos and updates.
Altcoins lag, but DOGE’s pop shows meme power. Watch dominance – if it keeps rising, Bitcoin leads the charge.
Geopolitics add risk, but Bitcoin’s track record in chaos is strong. Stay tuned as events unfold. This week could set the tone for May.
Prices as of latest data: BTC $77,504 | ETH $2,329 | DOGE $0.10987
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The post Crypto Daily Roundup: BTC Holds $77K as Fed Rate Call and Big Tech Earnings Heat Up appeared first on Blockmanity.
