In this video: Benjamin talks about Bitcoin dominance, altcoins, and monetary policy! Video by Benjamin Cowen.
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Bitcoin (BTC) is trading around $77,633, consolidating after a strong April rally where it has gained over 13.6%. The market is currently testing the $79,000–$80,000 resistance zone, driven by massive stablecoin liquidity and steady institutional ETF inflows.
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Insights Today
-USDT Liquidity Surge: The supply of Tether (USDT) has reached nearly $150 billion, providing a major liquidity boost for the current rebound.
-Institutional Adoption: Bitcoin spot ETFs have seen eight consecutive days of inflows totaling $2.43 billion in April alone. BlackRock's IBIT now holds over 800,000 BTC.
-Options Expiry: A massive $9.87 billion in options contracts expired today, contributing to short-term price volatility as traders settle positions.
-Geopolitical Caution: Ongoing naval blockades in the Strait of Hormuz have introduced a layer of "risk-off" sentiment, causing some investors to pause.
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