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The cryptocurrency market experienced a whirlwind of developments this week. From Bitcoin price volatility and major crypto hacks to high-stakes geopolitical tensions and SEC shakeups, the global crypto narrative is evolving fast.
Meanwhile, according to the Avalanche Foundation, more than 30 million contracts have been deployed across all indexed Avalanche Layer-1 (L1) networks. Approximately 10 million were deployed in the past month alone, with accelerating activity across the Avalanche network.
The Stacks long term chart looks bullish. It is printing a series of bullish reversal in the context of a long term uptrend. An acceleration point will be hit, sooner or later, presumably on BTC bullish momentum somewhere in 2025.
Before mid-June, there won’t be much market action, with a high probability of range-bound fluctuations to form a bottom. April’s market may first decline, then fluctuate and rebound. For the next two months or more, don’t have expectations of getting rich quickly; take profits when possible, securing gains is the best strategy!
If it meets or is lower than expected (e.g., core CPI ≤2.6%), it may boost rate cut expectations, driving funds into the crypto market, Bitcoin may break through the $90,000 resistance level, even testing the $100,000 mark.
The Stacks long term chart looks bullish. It is printing a series of bullish reversal in the context of a long term uptrend. An acceleration point will be hit, sooner or later, presumably on BTC bullish momentum somewhere in 2025.
Before mid-June, there won’t be much market action, with a high probability of range-bound fluctuations to form a bottom. April’s market may first decline, then fluctuate and rebound. For the next two months or more, don’t have expectations of getting rich quickly; take profits when possible, securing gains is the best strategy!
The impact of the April 2 tariff policy on the crypto world depends on the triangular game of inflation-liquidity-market sentiment. Short-term markets may show intense fluctuations, but medium to long-term trends need to observe whether the US economy falls into stagflation and the policy coordination of global central banks. Investors need to adjust strategies flexibly and grasp structural opportunities amid uncertainty.
Chiliz announced its re-entry into the US market in preparation for the 2026 FIFA World Cup, following regulatory clarifications with the SEC. With plans to invest up to $100 million, and interest from major sports leagues like NBA and NFL, Chiliz aims to capitalize on the growing market for fan tokens, reflecting a bullish sentiment as its price surged by 10%.
In regulatory news, the Federal Reserve said that it had withdrawn earlier guidance about commercial banks’ crypto- and stablecoin-related activities. Previously the Fed had required banks to give advance notice before undertaking any crypto activities; under the updated guidance the Fed will consider banks’ crypto activity as part of its normal supervisory process. Separately, at an event in mid-April, Fed Chair Powell said about the crypto industry: “I think that the climate is changing, and that you are moving into more mainstreaming of that whole sector.” Powell added that he was encouraged by progress on stablecoin legislation in Congress. Although House and Senate negotiators need to iron out some differences, passing stablecoin legislation over the next month still appears possible.
