On April 17, Bitcoin surged past $78,000, driven by Iran opening the Strait of Hormuz, a 10% drop in oil prices, and over $720 million in liquidations. The bullish trend is supported by options markets targeting $80,000 and higher. Meanwhile, Pepeto's pre-listing trading volume exceeded $9.16 million, highlighting strong market activity.
Asteroid Shiba, a memecoin inspired by a space-themed plush toy, surged 68,000% after Elon Musk replied “Will answer shortly” to a tweet. The token’s market cap jumped from $50,000 to over $20 million within hours, driven by Musk’s response and a story about a girl’s space mission wish. Traders rushed to buy amid the hype.
Coinbase's April 17 report warns that corporate Bitcoin holdings are shrinking market liquidity faster than expected, with over 4% of total supply now controlled by institutions, quadrupling in two years. MicroStrategy remains the largest holder with 780,897 BTC, continuously buying Bitcoin each quarter. This growing accumulation impacts market dynamics more significantly than many investors realize.
Robert Kiyosaki warns that the global 'Everything Bubble' could burst, triggering a severe depression. He emphasizes Bitcoin as a hedge against systemic market stress. Kiyosaki's comments highlight fears of a major economic downturn affecting traditional markets and cryptocurrencies alike, urging investors to consider crypto assets amid rising global financial instability.
The White House plans to announce a Strategic Bitcoin Reserve within two months, confirmed Patrick Witt, Executive Director of the Presidents Council of Advisors for Digital Assets. The initiative, aligned with President Trump's executive order, aims to establish a reserve using government-seized Bitcoin and is currently being coordinated with Congress to formalize the effort into law.
Dogecoin's price remains below $0.10, with technical analysis suggesting a potential significant move. Analyst Lars tracks a TCT model indicating a possible breakout or rejection. The key resistance zone is $0.098 to $0.10, and confirmation of a distribution pattern is needed for a decisive trend. Market inflows influence Dogecoin's momentum.
Strategy (MSTR), a leading Bitcoin treasury company, proposes changing its STRC preferred stock dividends from monthly to semi-monthly, with a shareholder vote scheduled for June 8. The 11.5% annualized dividend rate remains unchanged, totaling about $1.2 billion annually. If approved, the first semi-monthly payout would occur on July 15, aiming to stabilize Bitcoin-related stock prices.
