😮 Gold Vs Bitcoin: Is This The End, Or The Beginning?

GM, it’s decision time.

The levels we yapped about past few weeks were reached and breached, the 50 MA bull market average was defended, and now we pray Saylor won’t put out another buy announcement tweet while BTC sits firmly above $88k.

I guess we’ll have to wait and see. On the gold side, the parabola is getting almost scary. Will history repeat with gold signalling the real bull run for Bitcoin? If our analysis from this newsletter comes true, there’s a lot of fun ahead.

It would be nice if Powell and Trump calmed down their personal dramas, with Trump explaining to Powell that real inflation in the US is almost non-existent in a polite manner (see here). For now, we’re at the stage where Trump calls Powell a (read in Trump's voice) “major loser”. Oh well, Orange man style, I guess.

The fact is, these days and weeks are truly historical. If there ever was a time for Bitcoin to shine, it’s now.

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The important bits.

• mETH Protocol explains reward differences of mETH and cmETH

• Hyperliquid expands its permissionless validator set

• Sophon finishes Season 1 of the Sophon Yapper Rewards

• Initia releases INITIA tokenomics details

• Mode Weekly Perp. Trading Competition is live, join here

• Zora announces the ZORA token launch for April 23rd via Base

• Hypurr releases full list of Hyperliquid project updates

• Dolomite releases info on its upcoming tri-token DOLO system

• Bulla Exchange announces 30% supply airdrop for point holders

Even more important bits.

• The CFTC is asking the public for input on perpetual futures contracts, opening the door to possible U.S. regulation

• Coinbase confirms it’s considering applying for a US federal bank charter

• Trump Media officially finalizes partnership with Crypto․com to launch ETFs

• Bybit CEO says 27.59% of the $1.4B stolen in February's hack has gone dark

• Mike Novogratz is selling ETH for SOL, signaling a full pivot

• GSR has led a $100M private placement into Nasdaq-listed Upexi, Inc. to support its Solana-based treasury strategy

• GrayScale launched an AI fund to focus on crypto & AI

Charts and stats of the day.

• U.S. dollar falls to three-year low

• The TVL of BlackRock’s BUIDL is rapidly rising

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BTCUSD Index 3D Log Chart

This trade we shared in the 11 April newsletter and on Twitter is approaching my $94k target now. I’m still holding spot BTC. Very interested to see the reaction when we get to that heavy resistance between $94k and the $96,500 Point of Control. The yearly open is at $93,455 - this is the first level to flip.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

Solana smart-money movements are taking a little break amidst the BTC run-up.

Ethereum smart-money movements seems to favour Render, perhaps sparked by the latest Grayscale AI news.

• Cypher (Crypto card on Hyperliquid)

• BeraPoker (Berachain GambleFi)

To save you doom scrolling.

Hot air continues to rise. At this point, with a chart looking like this, I wouldn’t be surprised if Fartcoin rose all the way to the ranks of Pepe.

This one truly hits different 😤

stay safe homies,

Hix0n 🫡