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The Easter weekend offered little respite for markets, and no trade deals were announced. Meanwhile, US President Donald Trump published a “non-tariff cheating” list, stating that those who criticize tariffs are “bad at business.” The notable drop in consumer sentiment and a surge in household inflation expectations are indicative of the turbulent economic weather that lies ahead if the situation continues. Federal Reserve Chair Jerome Powell also contributed to the dampening investor sentiment, criticizing Trump’s tariffs, while the POTUS hit back, threatening to fire the central banker. This week’s economic data and consumer sentiment reports could further influence central bank monetary policy if there are big swings. “All signs point to more volatility this week,” said the Kobeissi Letter. Economic Events April 21 to 25 The first major reports of the week are on Wednesday, when the Global Services and Manufacturing PMI data is released. This data provides leading economic indicators used by economists and analysts to gain insights into changing economic conditions. March’s Durable Goods Orders report is due on Thursday, measuring the cost of orders received by manufacturers for durable goods, such as vehicles and electrical appliances. Big ticket items such as these are more susceptible to economic changes and are tied to consumer sentiment. April’s Consumer Sentiment Index and Consumer Inflation Expectations reports are due on Friday. These reports portray the results of a monthly survey of consumer confidence levels and consumer views of long-term inflation. Key Events This Week: 1. S&P Global Services/Manufacturing PMI data – Wednesday 2. March New Home Sales data – Wednesday 3. March Durable Goods Orders data – Thursday 4. March Existing Home Sales data – Thursday 5. Total of 8 Fed Speaker Events 6. ~20% of S&P 500 companies… — The Kobeissi Letter (@KobeissiLetter) April 20, 2025 The US can’t escape “a looming wave of inflation,” and the government looks “ill-prepared to respond,” said Adam Posen, president of the Peterson Institute for International Economics, last week. The Fed has been “too loose” with monetary policy, which is contributing to inflation risk, he opined before adding, “If we get inflation, the Fed will be behind the curve,” implying further rate hikes. Additionally, around 20% of S&P 500 companies, including Tesla and Alphabet (Google), will report earnings this week in what could be a tough quarter for big tech. Crypto Market Outlook Crypto markets have started the week in the green with Bitcoin leading the pack as usual. Total capitalization is around $2.84 trillion as BTC reclaimed $87,000 for the first time since late March. Analysts have said that Bitcoin has broken out of a falling wedge pattern, which could see the reversal of a three-month downtrend. Ethereum , XRP, and Binance Coin registered minor gains, but Bitcoin was leading the markets this Monday in Asia. The post 3 Things That Could Impact Crypto Markets in The Week Ahead appeared first on CryptoPotato .
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Bitcoin Price Breakout In Progress—Momentum Builds Above Resistance
Bitcoin price is slowly moving higher above the $86,500 zone. BTC is gaining pace and might continue higher in the near term. Bitcoin found support at $84,200 and started a recovery wave. The price is trading above $85,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $85,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $88,000 zone. Bitcoin Price Eyes Steady Increase Bitcoin price remained stable above the $83,200 level and started a fresh increase . BTC was able to climb above the $84,200 and $85,000 resistance levels. There was a break above a connecting bearish trend line with resistance at $85,000 on the hourly chart of the BTC/USD pair. The bulls were able to pump the price above the $86,500 resistance. It even spiked above $87,000. A high is formed near $87,562 and the price might continue to rise unless there is a move below the 23.6% Fib retracement level of the upward move from the $84,007 swing low to the $87,562 high. Bitcoin price is now trading above $86,500 and the 100 hourly Simple moving average . On the upside, immediate resistance is near the $87,500 level. The first key resistance is near the $88,000 level. The next key resistance could be $88,800. A close above the $88,800 resistance might send the price further higher. In the stated case, the price could rise and test the $89,500 resistance level. Any more gains might send the price toward the $90,000 level. Downside Correction In BTC? If Bitcoin fails to rise above the $88,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $87,000 level. The first major support is near the $86,750 level. The next support is now near the $86,000 zone. Any more losses might send the price toward the $85,750 support or the 50% Fib retracement level of the upward move from the $84,007 swing low to the $87,562 high in the near term. The main support sits at $84,850. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $86,750, followed by $86,000. Major Resistance Levels – $87,500 and $88,000. Crypto Potato
Metaplanet Buys 330 Bitcoin for $28.2M, Total Holdings 4,855 BTC Worth $414.5M Under "Japanese Strategy"
Metaplanet has acquired an additional 330 Bitcoin (BTC) for approximately $28.2 million, increasing its total holdings to 4,855 BTC valued at around $414.5 million. This purchase is part of Metaplanet`s ongoing strategy, referred to as the "Japanese Strategy," to accumulate Bitcoin steadily over time. The latest acquisition reinforces Metaplanet`s position as a major holder of Bitcoin, maintaining a significant balance sheet exposure to the cryptocurrency. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io Crypto Potato
