Swiss-based fintech company 21Shares confimed a Bloomberg report that it has partnered with Cathie Wood-founded ARK Investment Management to refile for a spot-Bitcoin exchange-trade fund (ETF). Despite two previous filing rejections, 21Shares told CryptoSlate:

Two former congressmen are heading back to Washington to spearhead a non-partisan effort to talk up the benefits of bitcoin. 

Roughly 100 people answered the call from the crypto advocacy groups Chamber of Digital Commerce, Satoshi Action Fund, and Texas Blockchain Council to show Texas lawmakers they were against legislation targeting crypto mining firms.

Here I am going to give a run down of bitcoin and altcoin market cycles, how to identify the cycles and how you can use this data to corroborate. The simple fact is, no one wants to deal with low liquidity and 1% price ranges, we all want the 10x in a single trade degen plays.

A known critic of fiat money such as the United States dollar, Robert Kiyosaki is an avid investor in assets such as the flagship cryptocurrency Bitcoin (BTC), gold, and silver but also in one less-than-expected commodity – the highly expensive Wagyu cattle.

Trading volumes of bitcoin (BTC) paired with ArchBlock's dollar-pegged stablecoin TrueUSD (TUSD) have surged on Binance after the exchange introduced zero trading fees in the pair on March 23. However, the trade of BTC denominated in tether (USDT), the largest dollar-pegged stablecoin by market value, remains more liquid. Market depth data on Binance shows that BTC-USDT is still king from a liquidity standpoint, with market makers evidently more comfortable with exposure to Tether over TUSD. Nonetheless, TUSD's market depth has improved sharply from practically zero to $10 million in a month, surpassing BUSD to become the second-most liquid pair on Binance.

Several bitcoin and ether wallets, which have been inactive for years, are suddenly showing signs of activity, with large amounts of cryptocurrency being moved. One wallet that was last active in 2012 moved over 400 bitcoin ($11 million) over the weekend, while another wallet moved 279 bitcoin in April after more than ten years of inactivity. The identities of the whales behind these moves are unknown, and no on-chain messages have offered any explanation. Some speculate that security concerns may have prompted the movements, while others suggest that old wallet generators may have been cracked.

Bitcoin (BTC) experienced a 10% drop in price last week, with traders now looking at key support levels closer to $25,000. While some believe that the next phase of upside is around the corner, consensus is far from unanimous over market health. Macro markets are gearing up for a new period of crucial data and moves from the United States Federal Reserve, with volatility catalysts waiting in the wings. New data will emerge from the U.S., including U.S. GDP and jobless claims, which could deliver a burst of volatility for currently lackluster risk assets. Concerns beyond crypto are focusing on indices’ inability to print new highs, indicating too much greed among investors. However, an optimistic take among some Bitcoin market participants focuses on sweeping range lows to continue the bull run, with some traders looking to take long positions in the next few days. Meanwhile, popular trader Jelle believes that the worst of the correction is over, adding to spot in recent days, and sees similarities to BTC price action in February but is banking on a positive breakout thanks to a bullish divergence in Relative Strength Index (RSI).

Bitcoin's recent pullback has analysts focusing on its 50-day simple moving average (SMA), currently at $27,244, for cues about the next possible move in the cryptocurrency. A potential violation of the 50-day SMA support would challenge the bullish market sentiment, according to Alex Kuptsikevich, senior market analyst at FxPro. The 50-day SMA is one of the most widely-tracked technical lines in traditional markets and cryptocurrencies, and crypto analysts have previously tracked crossovers above/below the key average to confirm bullish and bearish trend changes. If the SMA support continues to hold ground, a new leg higher consistent with the broader bullish outlook will likely resume, according to Katie Stockton, founder and managing partner at Fairlead Strategies.