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Bukele to meet Trump amid El Salvador’s $1.4B IMF deal tied to Bitcoin constraints. Trump’s potential pro-Bitcoin stance could shift global crypto politics. BTC nears $85K after breaking downtrend, showing strength amid macro volatility.
Quick Take The OM token plunge has seen over $71.8 million in liquidations over the past 24 hours. The project’s co-founder disclosed that the price movements were caused by “reckless forced closures” initiated by centralized exchanges on OM account holders.
The total crypto market cap chart has formed a bullish falling wedge pattern. The analyst also highlighted a bullish divergence on the altcoin market cap chart. The last time such a setup was seen, a massive altcoin rally was seen in 2020.
Solana’s price has grown by more than 10% over the past week while ether’s has fallen by a similar proportion, leading the SOL/ETH price ratio to a new all-time high at daily close. The ratio of ETH to BTC has also fallen to its lowest value since early 2020. Ethereum co-founder Vitalik Buterin hinted on X that future hard fork upgrades to the blockchain network could come faster following the upcoming Pectra upgrade set for early May.
XRP is back above $2 after a 22% rally, with technicals hinting at more gains. Key resistance at $2.23 could pave the way to $2.50.
Despite growing rumors, SWIFT has not confirmed any plans to integrate Ripple's XRP. Speculation about the partnership largely stems from misunderstanding pilot programs and ISO 20022 compliance, with no substantial evidence backing the claims.
Ethereum leads all blockchains in developer activity, confirming strong network fundamentals amid price consolidation. ETH trades above multi-year resistance with $4,811 and $8,557 as valid targets based on long-term breakout structures. A symmetrical triangle on the hourly chart signals a potential 17% move, with $1,665 as the key breakout resistance level.
- 07:47Ethereum Block Gas Limit Raised to 45 Million, Significantly Boosting Transaction Throughput and ScalabilityAccording to ChainCatcher, citing The Block, the Ethereum blockchain’s block gas limit has been raised to 45 million units, a 25% increase from 36 million in February this year. Approximately half of the validators supported this adjustment, which took effect at block number 22,968,004. This change aims to improve transaction throughput and network scalability, and is part of Ethereum’s scaling roadmap. Future targets include reaching 60 million to 150 million gas units, with proposals such as EIP-7935 and EIP-7983 designed to ensure network security and stability.
- 07:47USDC Treasury burns 55 million USDC on the Ethereum networkAccording to a report by Jinse Finance, on-chain data tracking service Whale Alert has monitored that at around 3:35 PM (GMT+8), the USDC Treasury burned 55 million USDC on the Ethereum blockchain.
- 07:37Trader AguilaTrades’ 20x Leveraged BTC Long Position Now Valued at $200 MillionAccording to Hypurrscan data reported by Odaily Planet Daily, trader AguilaTrades' 20x leveraged long position in BTC has increased to $200 million (specifically $200,787,074).