Stocks are fluctuating with low volatility, as talks with major trading partners stall.

Bitcoin and US stocks mixed, dollar steady as tariff talks with EU stall

According to a recent CryptoQuant Quicktake post, Bitcoin (BTC) may be close 
to completing its price correction for the current market cycle. The premier 
cryptocurrency appears primed for positive movement in 2025, despite lingering 
macroeconomic uncertainty. Bitcoin Looks Ready To Reverse Trend In a Quicktake 
post, CryptoQuant contributor Crypto Dan highlighted that BTC is currently 
undergoing a correction phase similar to the one observed in 2024. The analyst 
noted that the amount of BTC held for less than one week to one month can 
serve as an indicator of how “overheated” the crypto market is. Related 
Reading: Bitcoin Following Gold’s Footsteps? Analyst Sets Mid-Term Target At 
$155,000 For context, in markets with high speculative activity &#8211; such as 
crypto &#8211; price pullbacks tend to be significant. In contrast, markets with 
lower speculation, like gold, typically experience shallower corrections. 
Crypto Dan shared the following chart showing three major phases of the crypto 
market &#8211; a market rally (red arrow), an increase in the ratio of BTC held for 
less than one week to one month (green pattern), and a subsequent correction 
(yellow arrow). He explained that this pattern has played out twice during the 
current bull market, with both instances showing similarly elevated levels of 
short-term BTC holdings, suggesting a comparable degree of market overheating. 
This ratio has now reached a cycle low, highlighted in the yellow-box region 
of the chart. Notably, this same region also marked the bottom of the 2024 
market cycle. If the pattern mirrors its behaviour from 2024, it could 
indicate that the current cycle has also bottomed out. Crypto Dan explained: 
In other words, the overheating is now resolved, and although we may need to 
wait a little longer, with the progress of macroeconomic issues, 2025 is 
likely to show a positive movement. Adding to the optimism, a separate post on 
X by crypto analyst Titan of Crypto also points to a possible shift in 
momentum. The analyst noted that BTC recently formed a golden cross on the 
daily chart &#8211; a bullish signal that often suggests a trend reversal is 
underway. For the uninitiated, a golden cross occurs when Bitcoin’s 50-day 
moving average crosses above its 200-day moving average, signalling a 
potential long-term bullish trend. It’s widely seen as a buy signal by 
traders, indicating growing upward momentum. BTC Futures Sentiment Index 
Signals Caution Despite these bullish signals, not all analysts are convinced. 
Fellow CryptoQuant contributor abramchart recently observed that BTC’s futures 
sentiment index has continued to decline since February, suggesting a more 
cautious outlook among derivatives traders. Related Reading: Bitcoin Flashes 
‘Death Cross’ Amid Tariff-Induced Market Turmoil – Is Further Decline 
Inevitable? Adding to the leading digital asset’s woes, a recent report 
suggested that China may be preparing to sell a large amount of confiscated 
BTC, which may increase selling pressure and potentially suppress prices in 
the short term. At press time, BTC trades at $84,766, down 0.1% in the past 24 
hours. Featured image created with Unsplash, charts from CryptoQuant, X, and 
TradingView.com

Bitcoin Enters New Phase: Analyst Predicts Positive Movement In 2025

A swirl of bullish proclamations is ricocheting across X as macro‑minded 
influencers argue that a fresh expansion in “Global M2” money supply will 
trigger a near‑instant rally in Bitcoin—yet a veteran market analyst is 
warning that the data underpinning those calls is little more than a mirage. 
The latest wave of optimism was set in motion when Real Vision co‑founder 
Raoul Pal published an updated overlay of Bitcoin versus Global M2—an 
aggregate of every major country’s broad money supply converted to US‑dollar 
terms—and told followers, “It is time, give or take a few days.” Other 
accounts also shared similar charts. One asserted that Bitcoin “continues to 
mirror Global M2 with its classic 12‑week lag,” predicting “aggressive upside 
likely kicks off next week… $74.5 K looks like it was the bottom,” while other 
self-proclaimed crypto guru promised a new all‑time high “within weeks.” 
Bitcoin Vs. M2: Is A Price Explosion Really Coming? The viral charts drew 
immediate fire from TXMC (@TXMCtrades). In a lengthy thread he argued that 
computing a daily or even weekly Global M2 series is “goofy and frankly a 
scam” because “the United States is only updating M2 on a weekly basis and all 
others are monthly.” He continued: Related Reading: This Bitcoin Bear 
Confirmation Is Yet To Appear, Glassnode Reveals “You are looking at basically 
30 out of 31 days of FX fluctuations with a static once‑monthly global 
aggregate multiplied behind it… China, USA, and Japan have even updated into 
March. The rest are still on February values during a time when the dollar has 
been tanking hard… You’re looking at an M2‑weighted inverse dollar exchange 
rate 95% of the time. Be better at math!” TXMC noted that China now accounts 
for roughly 46 percent of the putative Global M2 and is “the ONLY major 
country whose broad money supply is above its post‑covid peak in dollar 
terms,” a dynamic that “goes straight up” because Beijing is “trying to ease 
out of an ongoing multi‑year debt deflation.” By contrast, US M2 “is below its 
2022 peak… and growing at the slowest pace since Bitcoin’s birth excluding 
2022‑24 when it was negative y/y.” Related Reading: Bitcoin Faces Pressure As 
Report Flags Chinese Sell-Off Plans Beyond the cadence mismatch, he blasted 
the practice of applying “random #‑week offsets” to force a visual correlation 
between Global M2 and Bitcoin. “These charts are over‑fitted junk using 
extremely recent history as a thesis for why they should correlate,” he said, 
adding that while assets can be “directionally sympathetic on a monthly basis… 
the main critiques relate to presenting a daily/weekly metric using monthly 
data… AND using over‑fitted offsets of that data to try to forecast the future 
for a content audience.” The broadside prompted a rebuttal from YouTuber Colin 
Talks Crypto (@ColinTCrypto), who claimed that key central banks do in fact 
provide higher‑frequency figures. “China M2 updates daily—not monthly,” he 
wrote, attaching what he said were current charts through April 17 2025. 
“Japan’s M2 also updates daily… Since about half of your post relies on ‘China 
data being slow and outdated’… your post’s main argument weakens greatly at 
this point.” TXMC swiftly countered that assertion, insisting “there is no 
daily M2” and that any high‑frequency series is merely “a projection of a 1‑2 
month old value using real‑time FX values.” The sudden April “pop” in Global 
M2, he maintained, is nothing more than the dollar’s sharp slide translated 
mechanically into larger dollar‑denominated money stocks. “Because Global M2 
doesn’t actually exist, it is an abstraction of money that lives solely in a 
chart formula,” he wrote. “It treats all broad aggregates around the world as 
the same pool of eligible capital and introduces a heap of noise via foreign 
exchange rates… this is how the sausage is actually made and it’s not sexy.” 
At press time, BTC traded at $84,750. Featured image created with DALL.E, 
chart from TradingView.com

Crypto Gurus Predict Bitcoin Boom ‘In Days’—But Expert Urges Caution

Coinbase is going on the offensive as Oregon revives a discredited crypto 
crackdown, slamming the state’s lawsuit as politically driven and dead-on- 
arrival in court. Coinbase Rips Into Oregon for Rehashing SEC’s Collapsed 
Crypto Regulation-by-Enforcement Crypto exchange Coinbase revealed on April 18 
that it is facing a new securities enforcement action from Oregon’s Attorney 
General, a […]

Coinbase Clashes With Oregon in Surprise Crypto Lawsuit After SEC Exit

US Senator Elizabeth Warren warned that if President Donald Trump eventually 
moves to fire Federal Reserve Chair Jerome Powell, it could undermine investor 
confidence in the integrity of US capital markets and trigger a financial 
crash.
During an appearance on CNBC, the Massachusetts Senator said the President 
does not have the legal authority to remove Powell from his position. 
Moreover, removing Powell would weaken the financial infrastructure of the US, 
Warren added:
&gt; &#8220;If Chairman Powell can be fired by the President of the United States, it 
&gt; will crash the markets. The infrastructure that keeps this stock market 
&gt; strong and, therefore, a big part of our economy strong, and a big part of 
&gt; the world economy strong, is the idea that the big pieces move independently 
&gt; of politics.&#8221;
&#8220;If interest rates in the United States are subject to a president who just 
wants to wave his magic wand, this doesn&#8217;t distinguish us from any other two- 
bit dictatorship,&#8221; Warren continued.
_Trump discusses US economic policies with reporters. Source:__The White 
House_
President Trump has repeatedly called for Powell&#8217;s termination, citing the 
chairman&#8217;s hesitancy to lower interest rates. Lower interest rates are usually 
considered a positive catalyst for risk-on asset prices, including 
cryptocurrencies, and could reverse the market downturn brought on by the 
trade war and current macroeconomic pressures.
_**Related:**__**Fed&#8217;s Powell reasserts support for stablecoin legislation**_
## Trump&#8217;s feud with the Federal Reserve chairman
Trump criticized Powell for not cutting interest rates and called for his 
termination again in an April 17 Truth Social post, which inflamed speculation 
that he would follow through on threats and find a way to remove the chairman.
Senator Rick Scott echoed Trump&#8217;s calls to remove Powell. &#8220;It&#8217;s time to clean 
house of everyone working at the Federal Reserve who isn&#8217;t on board with 
helping the American people and fighting for their best interests,&#8221; Scott 
wrote in an opinion piece published on Fox News.
_Source:__Donald Trump_
The Trump administration has repeatedly stated that lowering interest rates is 
a top priority. Market analyst and investor Anthony Pompliano recently 
speculated that Trump deliberately crashed financial markets to force lower 
interest rates.
At the time, Pompliano cited a reduction in the yield of the 10-year US 
Treasury Bond to just 4%. The 10-year bond yield has climbed back up to 4.3% 
since then.
_**Magazine:**__**Meebits and CryptoPunks are like Hot Wheels for adults: New 
MeebCo owner Sergito**_

Firing Jerome Powell will crash financial markets — Sen. Elizabeth Warren

Crypto analyst Quinten recently revealed that Bitcoin has entered oversold 
levels. However, analyst Dr. Cat has warned that, contrary to public opinion, 
this development is bearish, not bullish, for the flagship crypto. In an X 
post, Dr. Cat stated that Bitcoin entering oversold levels is “super-bearish” 
and overbought levels are “super-bullish.” He explained that for the 
oscillator to reach oversold values, it means that the price action has been 
extremely bearish, indicating why investors are selling their holdings. Why 
Bitcoin Entering Oversold Levels Is Bearish The crypto analyst further 
remarked that Oscillators are range-bound indicators, so they can’t go beyond 
0 and 100, as they are limited by their mathematical formulas. However, he 
added that the Bitcoin price can go lower or higher. Dr. Cat then alluded to 
Bitcoin’s bull markets, noting that all of them are in overbought territory on 
the weekly chart. Related Reading: Bitcoin Price To Break $125,000 But Sell 
Everything In October, Analyst Warns The analyst stated that if an investor 
buys an oversold condition on a lower timeframe when Bitcoin’s higher 
timeframe is bullish, this is a good move. However, he remarked that whoever 
advises buying a weekly oversold chart based on the claim that it is bullish 
because it is oversold has no idea what they are talking about. He remarked 
that many altcoins are oversold on the higher timeframe and can remain 
oversold as they approach zero, where the analyst claims they are eventually 
headed. Dr. Cat also explained that in a bull market, oversold conditions on 
the daily chart may mark higher lows on the weekly or monthly chart. However, 
in a bear market, oversold conditions may persist or just lead to some 
consolidation before more downside. Dr. Cat then alluded to Quinten’s chart, 
which he said showed what daily oversold conditions led to one year earlier in 
different broader market conditions. The analyst cautioned that he wasn’t 
discussing whether Bitcoin is in a bull or bear market or where it is headed, 
but simply clarifying the misconception about oversold and overbought RSI. 
BTC’s Supply Overwhelming Demand At The Moment In an X post, CryptoQuant CEO 
Ki Young Ju revealed that Bitcoin’s supply is currently greater than its 
demand at the moment, providing a bearish outlook for the flagship crypto. 
This supports the idea of BTC being in oversold conditions right now, with 
holders selling their coins rather than buying. Related Reading: Bitcoin Price 
Forms This Bullish Pennant On Daily Chart That Could Trigger Rise To $137,000 
Crypto analyst Ali Martinez recently revealed that whales have been taking 
profits during the recent Bitcoin rally, offloading over 29,000 BTC since 
April 9. It is worth mentioning that Ki Young Ju recently asserted that 
Bitcoin’s bull market is over, noting that the flagship crypto is witnessing 
significant selling pressure. At the time of writing, the Bitcoin price is 
trading at around $84,600, down in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com