Crypto Industry News & Market Trends

Crypto Market Today: $200M Derisk Ahead of FOMC, What’s Next for Bitcoin, Ethereum and Solana Price?

Bitcoin Crypto Ethereum　　Crypto Market Today: $200M Derisk Ahead of FOMC, Whats Next for Bitcoin, Ethereum and Solana Price？　　The crypto market is up today, April 29. These gains have caused an impact in futures, where $218 million in liquidations have happened. The Federal Open Market Committee (FOMC) meeting is also happening today. But with so much happening, how will Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) react？　　Crypto Market Outlook Today as Liquidations Top $200M　　Even with the FOMC meeting today, the crypto market is rising. This is unusual because this meeting is going to end with no interest rate cuts. At least that is what data from the CME FedWatch Tool shows, where there is a 100% chance the Fed is not going to do anything with rates.　　These gains are showing that traders are ignoring this meeting, or better yet, they have already priced in the effect of it. The pricing in may have happened when BTC fell from $79K to $75 yesterday. Because of this, there have been $228 million liquidations that have affected 75,000 traders.　　But because of the volatility, the effect is being seen on the futures market. Here, it shows that $128 million was wiped out per Coinglass data.

04-29Ethereum

Trump rejects Tehrans plea, calls Iran in state of collapse

Tech　　Trump rejects Tehran‘s plea, calls Iran in ’state of collapse　　Trump rejected Tehrans plea to end the naval blockade and called Iran a country in a “state of collapse,” pushing odds on a US-Iran ceasefire extension by April 22 down to 0.2% YES, a collapse from 28% just a week ago.　　Market reaction　　The rejection hit diplomatic progress odds hard. Traders now expect the likelihood of a diplomatic meeting by April 15 to drop by roughly 15%. Trump‘s hardline stance also nudged invasion odds upward; while concrete numbers weren’t available, the market is expected to price in a 10% increase in likelihood for military escalation.　　Face value trade volume on the ceasefire extension contract sits at $15.6 million, though actual dollars moving the market were significantly lower at $351K. It takes $40,501 to shift the odds by 5 points, suggesting a market that is relatively stable but still reactive to major developments, as shown by a 50-point spike earlier when optimism briefly surged.　　Why it matters　　Trumps rejection signals that diplomatic channels are effectively frozen. With a YES share at 0.2¢, the implied payout would be enormous if negotiations somehow produced a result, but that would require a dramatic reversal in US policy or rhetoric that

04-29Industry

ALGO Price Prediction: $0.13 Breakout Imminent Despite Whale Accumulation

ALGOs Technical Reality Check　　ALGO is trapped in a technical no-mans land that screams indecision. Trading at $0.11 with RSI hovering at 57, the token sits in that dangerous neutral zone where breakouts and breakdowns happen without warning. The MACD histogram flatlined at zero tells the real story – momentum has completely stalled, leaving price action vulnerable to the next catalyst.　　What‘s particularly telling is ALGO’s position at 0.73 within the Bollinger Bands. This isn‘t random – it shows the token has rejected the lower band and is grinding toward the upper resistance at $0.12. The compression between the $0.10-$0.12 range has been building pressure for weeks, and technical patterns this tight don’t stay compressed forever.　　Volume & Price Alignment　　The derivatives market is painting a completely different picture than spot price action suggests. With $11.3 million in open interest and a -1.75% decline in positions over 24 hours, weak hands are clearly being shaken out. But heres where it gets interesting – top traders maintain a 1.31 long/short ratio, meaning the smart money is aggressively positioning for upside despite the recent 2.4% pullback.　　The taker buy/sell ratio at 1.18 reveals something critical: there‘s genuine accumulation happening beneath the surface. When aggressive buyers are willing

04-29Industry

2026 Rookies To Trade For In Dynasty Fantasy Football

Getty Images　　Now that a few days have passed since the 2026 NFL draft, its time to start looking into which rookies dynasty fantasy football managers should trade for.　　If your dynasty rookie draft hasn‘t happened yet, you can treat these players as targets so you don’t have to trade for them. That said, if the rookie draft is over and you weren‘t able to walk away with these three players, they’re great trade targets.　　With that being said, well be using Keep Trade Cut as a rough estimate for where these 2026 rookies are being valued.　　1. KC Concepcion (KTC Rank: WR30)　　The Cleveland Browns dont look like an extremely strong landing spot on the surface, which is fair. Last season, the Browns ranked 31st in passing yards per game, and the only quarterback they drafted in the NFL draft was Taylen Green in round six.　　That said, Shedeur Sanders only started in seven games last year, and it seems as if he‘ll be the Browns’ starter in 2026. You can read more about Sanders as a prospect, but coming out of Colorado, I was a fan.　　To be fair, Sanders threw for 1,400 yards, seven touchdowns, and 10 interceptions as a rookie, which isn‘t great.

04-29Industry

BlackRock’s IBIT leads Bitcoin ETF outflows amid U.S. investor sell-off

Bitcoin　　BlackRocks IBIT leads Bitcoin ETF outflows amid U.S. investor sell-off　　BlackRocks iShares Bitcoin Trust (IBIT) has led spot Bitcoin (BTC) exchange-traded funds (ETFs) and other United States-based institutional investors into renewed selling pressure as of April 29.　　After 13 days of consecutive inflows, which attracted more than $2 billion, BlackRocks IBIT reported a net cash outflow of $112.25 million on April 28. As such, IBIT held more than 812,276 BTC, valued at approximately $62 billion at press time.　　IBIT Daily Cash flow. Source: SoSoValue　　Similarly, spot BTC ETFs ended their nine-day streak of consecutive cash inflows. After registering net cash inflows of over $2.11 billion between April 14 and 24, these funds reported a net cash outflow of roughly $352.86 million on April 27 and 28, according to data from . As a result, the U.S. spot Bitcoin ETFs had a total net assets of $100.39 billion at the time of publication.　　U.S spot BTC ETF daily flow. Source: SoSoValue　　Meanwhile, the Coinbase Bitcoin Premium Index, a tool that measures the percentage price difference between BTC price on Coinbase versus a Binance, has turned negative, as per metrics from . Essentially, a negative Coinbase Bitcoin Premium shows that US institutions are distributing and vice versa.　　Coinbase Bitcoin

04-29Industry

Trump rejects Tehrans plea, calls Iran in state of collapse

Tech　　Trump rejects Tehran‘s plea, calls Iran in ’state of collapse　　Trump rejected Tehrans plea to end the naval blockade and called Iran a country in a “state of collapse,” pushing odds on a US-Iran ceasefire extension by April 22 down to 0.2% YES, a collapse from 28% just a week ago.　　Market reaction　　The rejection hit diplomatic progress odds hard. Traders now expect the likelihood of a diplomatic meeting by April 15 to drop by roughly 15%. Trump‘s hardline stance also nudged invasion odds upward; while concrete numbers weren’t available, the market is expected to price in a 10% increase in likelihood for military escalation.　　Face value trade volume on the ceasefire extension contract sits at $15.6 million, though actual dollars moving the market were significantly lower at $351K. It takes $40,501 to shift the odds by 5 points, suggesting a market that is relatively stable but still reactive to major developments, as shown by a 50-point spike earlier when optimism briefly surged.　　Why it matters　　Trumps rejection signals that diplomatic channels are effectively frozen. With a YES share at 0.2¢, the implied payout would be enormous if negotiations somehow produced a result, but that would require a dramatic reversal in US policy or rhetoric that

04-29Industry

Australian Dollar remains subdued following CPI data, Fed decision eyed

Finance　　Australian Dollar remains subdued following CPI data, Fed decision eyed　　AUD/USD extends its losses for the second successive day, trading around 0.7160 during the European hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground on safe-haven demand after reports that the United States (US) may extend its blockade on Iran, prolonging supply disruptions across the Middle East.　　The Wall Street Journal reported on Wednesday that US officials said President Donald Trump has instructed aides to prepare for an extended blockade of Iran. The report noted that Trump opted to continue pressuring Irans economy and oil exports by restricting shipping to and from its ports. Sources added that he considers alternative options, such as resuming bombing or stepping away from the conflict, riskier than maintaining the blockade.　　Moreover, the Greenback receives support from expectations that the Federal Reserve (Fed) may keep rates unchanged at Wednesdays April meeting, maintaining the federal funds target range at 3.50%–3.75% for a third straight hold.　　The AUD/USD pair came under pressure as the Australian Dollar (AUD) weakened following the release of a softer-than-expected inflation report. Data from the Australian Bureau of Statistics (ABS) on Wednesday showed that annual CPI inflation rose to 4.6% in March from

04-29Industry

Crypto Market Today: $200M Derisk Ahead of FOMC, What’s Next for Bitcoin, Ethereum and Solana Price?

Bitcoin Crypto Ethereum　　Crypto Market Today: $200M Derisk Ahead of FOMC, Whats Next for Bitcoin, Ethereum and Solana Price？　　The crypto market is up today, April 29. These gains have caused an impact in futures, where $218 million in liquidations have happened. The Federal Open Market Committee (FOMC) meeting is also happening today. But with so much happening, how will Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) react？　　Crypto Market Outlook Today as Liquidations Top $200M　　Even with the FOMC meeting today, the crypto market is rising. This is unusual because this meeting is going to end with no interest rate cuts. At least that is what data from the CME FedWatch Tool shows, where there is a 100% chance the Fed is not going to do anything with rates.　　These gains are showing that traders are ignoring this meeting, or better yet, they have already priced in the effect of it. The pricing in may have happened when BTC fell from $79K to $75 yesterday. Because of this, there have been $228 million liquidations that have affected 75,000 traders.　　But because of the volatility, the effect is being seen on the futures market. Here, it shows that $128 million was wiped out per Coinglass data.

04-29Industry

ALGO Price Prediction: $0.13 Breakout Imminent Despite Whale Accumulation

ALGOs Technical Reality Check　　ALGO is trapped in a technical no-mans land that screams indecision. Trading at $0.11 with RSI hovering at 57, the token sits in that dangerous neutral zone where breakouts and breakdowns happen without warning. The MACD histogram flatlined at zero tells the real story – momentum has completely stalled, leaving price action vulnerable to the next catalyst.　　What‘s particularly telling is ALGO’s position at 0.73 within the Bollinger Bands. This isn‘t random – it shows the token has rejected the lower band and is grinding toward the upper resistance at $0.12. The compression between the $0.10-$0.12 range has been building pressure for weeks, and technical patterns this tight don’t stay compressed forever.　　Volume & Price Alignment　　The derivatives market is painting a completely different picture than spot price action suggests. With $11.3 million in open interest and a -1.75% decline in positions over 24 hours, weak hands are clearly being shaken out. But heres where it gets interesting – top traders maintain a 1.31 long/short ratio, meaning the smart money is aggressively positioning for upside despite the recent 2.4% pullback.　　The taker buy/sell ratio at 1.18 reveals something critical: there‘s genuine accumulation happening beneath the surface. When aggressive buyers are willing

04-29Industry

Oil: UAE exit seen bearish over time – MUFG

Finance　　Oil: UAE exit seen bearish over time – MUFG　　MUFG‘s Michael Wan notes United Arab Emirates’ (UAE) surprise decision to leave OPEC/OPEC+ from 1 May, driven by dissatisfaction with quotas and significant spare capacity. The bank highlights potential production increases from around 3mb/day to 5mb/day after the crisis, and warns that further exits could erode OPECs (Organization of Petroleum Exporting Countries) effectiveness, biasing Oil prices lower over the longer term.　　UAE move undermines OPEC floor　　“Beyond the Iran conflict, UAE announced in a surprise decision yesterday that it is quitting OPEC/OPEC+ starting 1 May. While this has been talked about internally within UAE for some time, the timing with the ongoing war and perhaps also the manner in which it was done was probably the more important surprise.”　　“Overall, the drivers among others seems to be dissatisfaction within UAE on production quotas by OPEC, and with Abu Dhabi having built up significant investment and spare capacity already this means that in theory oil production could be ramped up over time from around 3mb/day to perhaps up to 5mb/day after the crisis ends.”　　“Other key drivers of UAEs decision could include disagreements with Saudi Arabia more broadly on a range of issues. The key question is

04-29Industry