Happy Tuesday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
- Bitcoin erased gains from yesterday and fell back under $77,000.
- Over 110,878 crypto traders were liquidated in the past 24 hours.
- More than $9 billion in crypto long positions are at risk of liquidation if bitcoin falls to $70,000.
- MicroStrategy bought 3,273 bitcoin worth $255 million.
- Michael Saylor says bitcoin is getting ready for a massive supply shock.
- Billionaire Tim Draper says it is now irresponsible for companies not to hold bitcoin.
- Jack Dorsey says bitcoin is money.
- The White House expects a big announcement on the strategic bitcoin reserve in the coming weeks.
- U.S. Senator Cynthia Lummis says bitcoin and crypto market structure legislation will get marked up in May.
- SEC Chair Paul Atkins urges congress to advance bitcoin and crypto market structure legislation.
- The S&P 500 ended the day at another all-time high, its 10th of the year.
- With 28 percent of companies reported, S&P 500 first-quarter earnings are up 15 percent year-over-year.
- The S&P 500 CAPE ratio has risen to 41, its highest level since 2000.
- OpenAI missed user and revenue targets, raising concerns over data centre spending sustainability.
- Since the start of the Iran war, brent crude oil is up 49 percent, bitcoin is up 15 percent and the S&P 500 is up 4 percent.
- Iran has proposed a new deal to mediators to stop attacks in the Strait of Hormuz in exchange for ending the war and lifting the U.S. blockade.
📊 Altcoin Market Updates 📊
- Western Union to launch a Solana-based stablecoin next month.
- Circle Ventures is purchasing Aave tokens.
- Justin Sun's Tron and HTX are jointly supplying $20 million USDT to the Aave Core V3 market on Tron.
- Leading Ethereum stewards ConsenSys and Ethereum Joseph have joined DeFi United with up to 30,000 ETH in support for the rsETH recovery effort.
- 10 crypto protocols were exploited in the past 7 days.
- The Solana Foundation will host an exclusive trader event on May 4th focused on perpetual market structure and pre-IPO asset pricing.
- A TON-based Telegram username sold for 500,000 USDT.
- ZetaChain warned of an attack on its gatewayEVM contract that impacted internal team wallets only.
- LC announced the live date for its DEGENSAFE launchpad to support meme coin launches with added transparency and security.
If you enjoyed this daily roundup, make sure to follow me – I'll see you tomorrow.
Credit to the following X accounts for key insights & updates: @whaleinsider @bitcoinmagazine @watcherguru
@degeneratenews @charliebilello @economyapp @earnings_time
$BTC $ETH $SPY $QQQ $OIL
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Written by Timothy Assi, an Elite Popular Investor on eToro.
Not investment advice. eToro is a multi-asset investment platform. Your capital is at risk. For information and educational purposes only.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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