🔸 Bitcoin edges lower as uncertainty over a U.S.–Iran peace deal weighs on markets. 🔸 Donald Trump remains skeptical of Iran’s proposal to halt attacks in the Strait of Hormuz in exchange for ending the war. 🔸 Sentiment has improved since February lows near $60,000, but momentum is fading near $80,000. 🔸 Bitcoin slips 0.7% to $76,335. $BTC $ETH
Musk: “Some Crypto Assets Have Merit, but Most of Them Are Scams”
According to Fortune, during his lawsuit against OpenAI, Elon Musk #said that “some crypto assets have merit, but most are scams,” in response to questions about OpenAI’s 2018 plan to issue tokens via an ICO to fund its nonprofit operations. Despite previously supporting the sector, including Tesla’s $1.5 billion Bitcoin purchase in 2021 and his influence on Dogecoin, Tesla sold about 75% of its crypto holdings in 2022. $BTC $DOGE $WLD
- Powell says this is his last press conference as Chair. - Rising energy prices are pushing inflation higher - Near-term inflation expectations have moved up - Fed sees March PCE at 3.5% - Current policy stance remains appropriate - Middle East tensions are adding uncertainty
Market angle: - Higher oil and energy costs may delay rate cuts - Odds of a rate hike have increased slightly $ETH $AI $SOLV
In 🇮🇳India, A man in Odisha reportedly dug up his late sister’s skeleton & took it to the bank after staff repeatedly told him to bring the account holder in person.
- He had been trying for months to withdraw around ₹20,000 & was unaware of the death certificate process.
CryptoQuant analyst Woominkyu said Bitcoin exchange net inflows rose to 9,905 BTC on April 27, the largest single-day net inflow in the past 30 days, as BTC struggled to break above the 78K USD resistance zone. The Exchange Whale Ratio rose to 0.707, the highest in over a week, meaning the top 10 inflow transactions accounted for more than 70% of total deposits. Exchange reserves also increased from 2.666 million BTC on April 25 to 2.677 million BTC on April 28. Woominkyu said BTC may retest the 74K–75K USD support zone in the near term if the inflows are not quickly absorbed.
Trump says 🇺🇸U.S must take 🇮🇷Iran’s "nuclear dust" - Says the Iran war may end very soon - Claims the U.S. will be victorious - Says NATO did not support America on Iran - Iran reportedly sent written messages via Pakistan - Trump says he is not overly disappointed with 🇨🇳China over Iran $ZBT $D $ETH
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