Bitcoin crash? Michael Saylor buys 22,000 BTC for $1.9 billion
Welcome to the Daily Tribune of Tuesday, April 1, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Tuesday, April 1, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
Bitcoin crash: Saylor acquires 22,000 BTC ($1.9 billion)
Michael Saylor buys 22,000 BTC at $86,969 despite the market decline. Strategy now holds 528,000 BTC.
Free fall of XRP: Ripple's crypto becomes the weakest in the top 10
XRP loses over 20% in a month, victim of market disinterest and a lack of catalysts against the competition.
A silent exodus: developers gradually abandon crypto
The number of active developers is decreasing on Ethereum, BNB, Polygon, and other networks. Innovation is slowing down in the ecosystem.
PumpSwap records $2.43 billion in transactions in just 10 days
PumpSwap totals 30 million trades and 700,000 active wallets. The protocol competes with Raydium on Solana.
Crypto of the day: Compound (COMP)
Compound is a decentralized finance (DeFi) protocol based on the Ethereum blockchain. It allows users to lend and borrow cryptocurrencies autonomously and algorithmically. Lenders deposit their assets into liquidity pools and receive cTokens (such as cETH or cDAI) in return, which represent their share in the pool. These cTokens accumulate interest based on rates determined by market supply and demand. This innovative approach offers a decentralized alternative to traditional financial services, allowing users to earn interest or access liquidity without intermediaries.
The native token of Compound, COMP, plays a central role in the governance of the protocol. COMP holders have the power to propose and vote on modifications to the protocol, thus influencing its evolution. Initially, COMP was distributed to users of the protocol through a process called "liquidity mining," rewarding active lenders and borrowers.
Recent performances:
Current price: $61.36 USD
24-hour change: +58.92 %
Market capitalization: approximately $557 million
Rank on CoinMarketCap: #93
Between hopes and red flags: Bitcoin under tension this week
Bitcoin is currently operating in a critical zone, caught between fragile technical factors and strong macroeconomic expectations. After rebounding to $83,000, the leading cryptocurrency shows some optimism among investors, but risk indicators remain numerous. This week could prove decisive for the continuation of its bull cycle or not.
A solid, yet fragile support
The recent BTC rebound has helped defend a key technical support, identified as a threshold not to be crossed to avoid paving the way for a more pronounced drop. However, this rebound remains fragile, as it has not been accompanied by convincing buying volume. The current structure suggests a horizontal consolidation, or even a possible break if new selling pressures arise.
The macroeconomic factor: Fed and inflation in the spotlight
One of the main catalysts remains market anticipation regarding the Federal Reserve's monetary policy. After months of persistent inflation, investors hope for a rate easing. However, the latest political announcements, including the tariffs from the Trump administration, have revived inflationary fears. A cautious Fed could delay any monetary adjustment, which would be unfavorable for Bitcoin in the short term.
A crypto market still divided
While some see the current stability as a base for a rally towards $90,000, others warn that the market remains under tension, with volatility that could explode at the slightest bad news. Whales seem to be waiting, and Bitcoin's dominance continues to hinder the progress of altcoins, which struggle to keep up.
Bitcoin is at a turning point. As long as the current support holds, prospects remain open for a new bullish attempt. However, in the event of a break, $75,000 could quickly come back into focus. Caution is advised, as the market remains hypersensitive to upcoming economic and political announcements.
