Cryptocurrency News Today: Market Updates & Analysis

Bitcoin Blasts Through $90K, Ethereum Surges, and DeFi Drama: Your Weekly Crypto Roundup with Willy


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Cryptocurrency News Today: Market Updates & Analysis podcast.

Hey friends, it’s Crypto Willy here with your inside scoop on everything shaking the crypto world this past week! Buckle up, because it’s been a heady mix of bullish surges, regulatory drama, market shakeouts, and one crazy DeFi exploit.

Let’s start with the king – Bitcoin. After some tug-of-war weeks, Bitcoin smashed through to $90,000 for the first time since early March. This came as traditional markets wobbled and gold hit new record highs. Analyst chatter is growing that bitcoin could soon outpace gold’s recent rally, with technical charts showing bitcoin gearing up for another charge, potentially flipping the 12-week run where gold outperformed. Big moves, big optimism – classic bitcoin energy.

Ethereum isn’t letting BTC hog the spotlight either. ETH soared past $1,700 USDT, notching a 4.8% gain in just 24 hours. That’s a solid performance as DeFi activity surges and Ethereum’s dApp ecosystem stays hot. But not all was high-fives and happy faces—DeFi project R0AR had a wild ride this week. On April 16, R0AR was hit by a targeted contract backdoor exploit, draining $780,000. Luckily, the team moved fast and reports say the funds have been recovered. Still, it’s another cautionary tale: always triple-check those contract addresses and keep your audit hats on tight.

In regulatory headlines, Paul Atkins was sworn in as the new chairman of the U.S. SEC, taking the torch from Gary Gensler. Crypto folks are eyeing Atkins as a potential ally for friendlier digital asset policies. Expect more roundtables and maybe a nudge toward progressive regulation. Over in Europe, ING Bank is stirring excitement by quietly assembling a new stablecoin in collaboration with both traditional banks and crypto outfits. We could be seeing a big TradFi-Crypto bridge in the works.

Market action? It’s been a liquid week—literally. In just four hours, the broader crypto market saw $84 million wiped out in liquidations, with shorts bearing the brunt. If you were shorting, I hope you kept those stop losses tight!

There are also some major moves on the business front. South Korean exchange Bithumb is splitting in two as it gears up for a high-profile IPO. And in the institutional arena, Mike Novogratz’s Galaxy Digital swapped a hefty $100 million of ETH for SOL, signaling just how quickly sentiment can shift among big players.

Price-wise, top performers have included XRP and Tether with steady year-to-date gains, and UNUS SED LEO showing resilience as well. Each week brings a new leaderboard, so keep watching those charts.

That’s your wrap from Crypto Willy! Stay sharp, stay curious, and don’t forget—always verify before you trust in crypto. Catch you next week for more tales from the blockchain frontier.

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