Playing The Bitcoin Breakout With BITU

Summary Bitcoin's chart shows a constructive trend, with animal spirits returning, suggesting a potential rally above $100k per coin. Bitcoin's correlation with tech stocks has increased since spot ETFs were approved. That said, it remains a strong anti-fiat asset as global M2 rises. Technical indicators are positive, with Bitcoin breaking key resistance levels and moving averages, signaling a potential upward price movement. ProShares Ultra Bitcoin ETF offers a leveraged exposure to Bitcoin's rally, but it's crucial to understand the risks of 2x leveraged ETFs. In my recent coverage of Bitcoin ( BTC-USD ) I've held a more cautious view due to a variety of factors. Among other things, the capital flow story was deteriorating through March and the chart appeared to be going through a consolidation phase that allowed for more price discovery between the $75k and $87k per coin range. After two months, Bitcoin's chart looks far more constructive and animal spirits appear to be returning to the market. In this article, we'll look at Bitcoin's recent correlation with US equities, implications from the daily and weekly price charts, as well as why I think the ProShares Ultra Bitcoin ETF ( BITU ) can be a useful tool for leveraging a Bitcoin rally back over $100k per coin. Correlations Bitcoin's correlation with tech stocks has been trending higher since spot ETFs were approved in the United States in January 2024: BITO, QQQ 30 Day Rolling Correlation (Portfolio Visualizer ) While there have been occasional dips in that correlation throughout the last 15 months, BTC has indeed had a closer relationship with the equity market than it has with the something like Gold ( XAUUSD:CUR ) over the last three and half years: Correlations BITO QQQ SPY GLD ProShares Bitcoin ETF ( BITO ) 1 0.44 0.43 0.11 Invesco QQQ Trust ( QQQ ) 0.44 1 0.96 0.14 SPDR S&P 500 ETF ( SPY ) 0.43 0.96 1 0.16 SPDR Gold Shares ( GLD ) 0.11 0.14 0.16 1 Source: Portfolio Visualizer, Asset correlations for time period 10/19/2021 - 04/24/2025 based on daily returns This is perhaps to the chagrin of Bitcoiners who view the asset as the digital equivalent of Gold - the latter of which has been on a rocket ship ride since breaking above $2,000 per ounce in early 2024. However, while investors/speculators can debate Bitcoin's past, present, and future as a 'safe-haven' asset, there is very little doubt in my own mind that Bitcoin continues to be a terrific anti-fiat trade. And history shows that as global M2 rises, the fiat-denominated price of BTC increases: BTC vs Global M2 (BGeometrics) Thus, as global M2 continues to rise, it stands to reason that BTC should follow. Consider the last time global M2 growth hit the 6% level - where it again currently stands now - BTC nearly doubled from $57k per coin in September 2024 to well over $100k in early 2025. To be clear, none of this means the same has to happen again, but given the level of debt throughout the global economy and the propensity for global governments to print when the going gets tough, BTC is not an asset that I think would be wise to short. Especially given what I see to be a clear technical breakout here in late-April. Technical Viewpoint When I look at Bitcoin technical indicators, I generally like to keep daily and weekly time-frames as the primary drivers of my decisions. Looking at the daily chart first, I see several positive signs: BTC Daily Chart (TrendSpider) Bitcoin held the 50-day MA for 4 straight sessions before moving convincingly higher on April 21st The coin has rallied through both the 100 and 200 day MAs in the sessions since It has taken out horizontal resistance at $90k It broke above trend-line resistance that dates back to January And the 'Crypto Fear and Greed' index has moved convincingly out of fear and into greed Shifting to the weekly chart, I've typically looked to the 8 and 20-week moving averages as my favorite indicators for increasing or decreasing exposure in the asset and its proxies. BTC Weekly Chart (TrendSpider) As of article submission, the weekly chart setup looks terrific. After battling with the 8-week MA for 4 consecutive weeks, we have a clear breakout above the 8 week and 20 week with our current candle. Something to keep in mind is the 8 week is still below the 20. But it does appear as though the 8-week MA will generate a week-on-week increase for the first time since February. Given everything I just laid out, I think it's reasonable to expect the price to head upward. Why BITU? I have covered BITU for Seeking Alpha in the past. For more of a fund-oriented view of the product, I'd encourage readers to get a proper sense for the risks associated with 2x leveraged ETFs. These are not products that are intended for long term holding, and they will decay over long periods of time due to daily re-balancing. Comparing BITU to a similar 2x fund as well as other Bitcoin-related ETFs, BITU is on the smaller side at under $1 billion in AUM: Fund Name Inception Expense Ratio AUM ProShares Ultra Bitcoin ETF 04/01/2024 0.95% $933.71M 2x Bitcoin Strategy ETF ( BITX ) 06/27/2023 1.90% $2.39B iShares Bitcoin Trust ETF ( IBIT ) 01/05/2024 0.25% $54.48B ProShares Bitcoin ETF 10/18/2021 0.95% $2.40B Data by YCharts Data by YCharts

Read more

Cardano (ADA) Surges 300% While Ruvi AI (RUVI) Is Expected to 50x during Summer 2025

The crypto space is excited as Cardano (ADA) is about to 300% from $0.70 to $2.65. This breakout from a Falling Wedge and whale interest has got everyone believing in blockchain again. We’re watching ADA’s path to new highs but what if there’s an investment with even more explosive potential? While Cardano is exciting, it can’t compare to the revolutionary opportunities presented by Ruvi AI , a next gen blockchain project centered around AI. For investors looking for an edge, Ruvi AI’s presale and VIP Tier rewards system offers returns that Cardano can’t match. Ruvi AI’s Supercharged Presale Ruvi AI is not just another blockchain project. It’s the seamless integration of blockchain and AI to solve real world problems in business, creativity and operations. This big vision has got everyone’s attention as seen in the presale. During the presale, Ruvi AI sold 10 million $RUVI tokens in just days, raised $100,000 at a starting price of $0.01 per token . The confirmed listing price of $0.07 means investors will see an immediate 600% return post launch. But what really sets Ruvi AI apart is the projections, analysts are forecasting a $1 or higher valuation. This makes Ruvi AI one of the most profitable and attractive investments in the crypto space. VIP Tier 3 Bonus Ruvi AI’s VIP rewards system takes it to the next level, offering big bonuses to early supporters. The VIP Tier 3 package shows just how far Ruvi AI goes to reward its investors. To qualify for Tier 3 rewards, you need to hold 100,000 tokens which is $1,000 at the presale price of $0.01 per token . On top of that, Tier 3 membership includes an additional 60% bonus , that’s 60,000 free tokens , making it 160,000 tokens .Now here’s the exciting part. At the confirmed listing price of $0.07 , the $1,000 investment grows to $11,200 . But using analysts’ projected valuation of $1 or more, the same investment becomes an $160,000 , that’s a 15,900% return. That’s unheard of when compared to the 300% Cardano is expected to gain in the next few months. What Sets Ruvi AI Apart? Ruvi AI’s revolutionary approach is practical. Unlike many projects that focus only on decentralized finance (DeFi) or cryptocurrency trading, Ruvi AI uses blockchain to automate workflows, optimize business processes and enhance creativity across industries. This big vision is what gives such huge ROI potential. Ruvi AI also ensures transparency in its rewards structure so early investors are confident in their decision. From advanced tokenomics to robust community incentives like leaderboard rewards, the ecosystem is designed to benefit small and large investors alike. Community Leaderboard Rewards To encourage community participation and engagement, Ruvi AI also has a leaderboard rewards program . Investors who top the leaderboard get massive bonuses that makes Ruvi AI a high reward investment. For example, top 10 contributors get 500,000 tokens , valued at $500,000 if the token reaches $1. Even those in the top 50 or top 1,000 get huge returns, 250,000 tokens ($250,000) and 20,000 tokens ($20,000) respectively. This creates a dynamic where the most active supporters get rewarded handsomely for their effort. Cardano vs Ruvi AI While Cardano’s 300% price surge reflects the optimism in blockchain, it still can’t compare to Ruvi AI. Cardano relies heavily on market sentiment and whale trading for its growth and while those are big factors, they’re not new. Ruvi AI disrupts the status quo by combining AI with blockchain, creating value beyond speculative trading. Its real world applications and early stage presale pricing shows a much better growth trajectory. Join Ruvi AI The crypto landscape is changing and projects like Cardano are getting attention because of their past results. But real change happens with the innovators like Ruvi AI. Its presale and VIP Tier rewards offer an opportunity to grow your wealth, not just be part of a trend but the trend itself. Join Ruvi AI’s presale now and enter a world of 15,900% ROI and innovation. While Cardano goes up, Ruvi AI is building the new. Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register

Read more

Ethereum Spot ETF Sees Remarkable $104.1 Million Net Inflow: Key Contributions Revealed

According to recent data from Farside Investors, *COINOTAG News* reported on April 26 that the **US Ethereum spot ETF** experienced a significant net inflow of **$104.1 million**. This influx indicates

Read more

HYPE Surpasses TRX in Fee Generation; Questions Arise About Long-Term Dominance

In a surprising market shift, Hyperliquid’s HYPE has swiftly surpassed Tron (TRX), marking a pivotal moment in the ongoing crypto evolution. After an extended streak of generating the most fees,

Read more

Massive $380 Million Inflow into Bitcoin Spot ETF Highlights ARKB, IBIT, and FBTC Gains

On April 26th, COINOTAG News reported significant activity in the Bitcoin investment landscape, highlighted by a robust net inflow of $380 million into U.S. Bitcoin spot ETFs. The major contributors

Read more

Hyperliquid outshines Tron in 24-hour fee generation: What’s behind it?

HYPE gets the edge over Tron, overtakes it.

Read more

How To Price Bitcoin? BlackRock Exec Explains

Bitcoin should be valued as “an uncorrelated asset that benefits when the world gets messier,” BlackRock’s US Head of Equity ETFs Jay Jacobs told CNBC in an interview on Thursday. “Crypto over the long run is decoupled from US tech stocks,” Jacobs said, stressing that short-term market stress can mask the difference but that “the long-term correlation between US stocks and Bitcoin is more like two or three percent.” He argued that what pushes equities higher—“higher growth, higher certainty, lower geopolitical risk”—is the mirror image of the forces that move Bitcoin. “Bitcoin thrives when you have more uncertainty and are looking for something that’s going to behave differently, so fundamentally they should behave like an uncorrelated asset.” BTC was changing hands just under $94,000 during Jacobs’ appearance, extending a rally that has added roughly 150% since spot-ETF approvals early last year. Bitcoin Rises Because Of ‘Mega-Forces” Jacobs tied price behaviour directly to flows. “We would think over the long term, if this trajectory of greater uncertainty around the world continues, things like gold and Bitcoin should continue to go up.” He noted that investors are repositioning accordingly: “We’ve seen significant inflows into gold ETFs; we’ve seen significant inflows into Bitcoin, and this is all because people are looking for those assets that will behave differently.” Related Reading: Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected The biggest beneficiary has been BlackRock’s own iShares Bitcoin Trust (IBIT), which on 23 April absorbed $643 million of net creations—its largest one-day haul since January—lifting the fund’s assets to roughly $54 billion. Jacobs framed the rush into hard assets as part of a longer geopolitical realignment. “If you look at central banks around the world, a continued movement towards diversification beyond just holding dollars is something that’s been happening for decades… the switch from just holding dollars to holding gold to looking at other types of assets like Bitcoin is a trend that’s been years in the making.” Central-bank gold purchases illustrate the shift: net buying topped 1,044 tonnes in 2024, the third consecutive year above the thousand-tonne mark, double the average of the previous decade. He linked those reserve moves to BlackRock’s 2023 “mega-forces” framework, which identified geopolitical fragmentation as a secular driver of returns. “That mega force is materialising in policies like reshoring in the United States and, I think, directly related to that fragmentation has been the rise of things like Bitcoin, as people see more destabilisation in geopolitics resulting in the need for more alternative assets.” Related Reading: Déjà Boom—Arthur Hayes Says Bitcoin’s 2022 Rally Setup Is Back BlackRock’s influence is difficult to overstate: the firm ended the first quarter with a record $11.6 trillion under management. By pairing that scale with a public thesis that Bitcoin’s fair price rises as uncertainty deepens, the asset-manager is effectively codifying a valuation model in which scarcity and sanction-resistance—not discounted cash flows—set the marginal price. As Jacobs put it, the market is “looking for alternatives—parts of the portfolio that are going to behave separately from stocks and bonds.” With IBIT now swallowing more BTC each day than miners can produce post-halving, his remarks may offer the clearest blueprint yet for how the world’s largest asset manager thinks about pricing the world’s largest cryptocurrency. At press time, BTC traded at $94,510. Featured image created with DALL.E, chart from TradingView.com

Read more

Why BlackRock Is Not Filing XRP ETF?

The post Why BlackRock Is Not Filing XRP ETF? appeared first on Coinpedia Fintech News Ripple News Today, April 26th : While XRP ETFs are beginning to attract institutional interest, BlackRock, the world’s largest asset manager, remains on the sidelines. Despite filings from firms like Grayscale and Bitwise, BlackRock has yet to make any move toward launching an XRP ETF. Here’s what’s holding them back—and what it means for the XRP ETF approval timel ine. Also Read : XRP ETF News: Brazil World’s First Spot XRP ETF – XRPH11 is Now Live! BlackRock XRP ETF Delay Market observers say BlackRock sees little incentive to rush into the XRP ETF market. The firm is already generating significant profits through its Bitcoin and Ethereum ETFs. Its Bitcoin ETF boasts over $30 billion in assets, while its Ethereum ETF recently crossed the $1 billion mark within just two months. Given the success of these products, BlackRock appears content to prioritize assets with higher liquidity and stronger institutional demand, leaving XRP on the backburner for now. Bitwise CIO Matt Hougan notes that while interest in XRP is growing, it hasn’t yet reached the levels needed to prompt BlackRock’s involvement. Typically, BlackRock responds to clear, sustained institutional demand before entering a new market, and XRP hasn’t crossed that threshold yet. ETF expert Nate Geraci points out that BlackRock is likely adopting a wait-and-see approach. Instead of leading the charge, BlackRock is monitoring how competitors like Grayscale and Franklin Templeton navigate the XRP ETF space. The company is also carefully watching the regulatory landscape, particularly how the U.S. Securities and Exchange Commission (SEC) reacts to early XRP ETF filings. Grayscale XRP ETF Filing While BlackRock remains cautious, Grayscale has already taken steps by filing for an XRP ETF. The Grayscale XRP ETF filing signals growing confidence among smaller asset managers that regulatory clarity for XRP is on the horizon. Though the SEC has yet to approve any XRP ETFs, Grayscale’s move puts additional pressure on regulators to provide clear guidelines, and could potentially accelerate the overall XRP ETF approval timeline. Ripple vs SEC Outcome Remains Key The SEC’s stance on XRP ETFs remains uncertain, especially with the Ripple vs. SEC legal battle still ongoing. FOX Business correspondent Charles Gasparino suggests that BlackRock is unlikely to pursue an XRP ETF until the regulatory cloud fully clears. The outcome of the Ripple lawsuit will play a critical role in determining the XRP ETF approval date and whether wider acceptance follows. Adding to the cautious approach is BlackRock’s experience with a fake XRP ETF filing in 2023, which created confusion in the market. Industry analysts note that BlackRock is now even more careful about its public image and will only move forward when legal and market conditions are fully favorable. When Will XRP ETF Be Approved By U.S SEC? The XRP ETF approval timeline is closely tied to the resolution of Ripple’s legal case with the SEC and a broader pickup in institutional demand. Industry insiders suggest that an XRP ETF approval date could still be months away, depending heavily on legal developments in 2025. Until then, XRP ETF news will likely center around filings, SEC reviews, and smaller players pushing ahead. For now, investors eager for an XRP ETF will need to wait for more regulatory clarity and stronger market demand to drive BlackRock—and possibly others—to take action. When will XRP ETF be approved? The XRP ETF approval timeline depends on the final outcome of the Ripple vs. SEC case. Approval could happen in 2025 if regulatory clarity improves. What is XRP ETF? An XRP ETF is an exchange-traded fund that allows investors to gain exposure to XRP’s price without directly buying the cryptocurrency. Has the SEC approved Grayscale’s XRP ETF filing? No, the SEC has not yet approved Grayscale’s XRP ETF filing. Approval is likely tied to the final outcome of the Ripple vs. SEC lawsuit and broader regulatory clarity. Will BlackRock file for an XRP ETF in 2025? If the Ripple vs. SEC case resolves favorably and institutional interest in XRP grows, BlackRock may consider launching an XRP ETF in 2025 or later.

Read more

$150 to $1 Million? MAGACOINFINANCE.COM and SOLANA Could Change Everything!

Bitcoin (BTC) remains the dominant force in crypto, but every cycle reveals fresh opportunities before the rest of the market sees them. While Solana (SOL) continues gaining momentum, early investors are now closely watching MAGACOINFINANCE —a project that’s already making waves during its private entry phase. It’s early. It’s limited. And it’s showing all the signals of a breakout asset in motion. Why investor interest in MAGACOINFINANCE is accelerating Bonus still available: The exclusive bonus entry remains open, but it won’t be for much longer. Public exchange listings are close: Early buyers are acting now to secure access before the price structure changes. Smart money is moving early: Traders and researchers are quietly locking in while availability is still controlled. Stealth-phase positioning still exists: This is the rare window where low visibility equals high opportunity. MAGACOINFINANCE is being forecasted for strong ROI Traders are praising MAGACOINFINANCE for its early positioning, strategic structure, and rising momentum. It’s now being projected by multiple analysts to deliver as much as 6,000% ROI based on its pre-market strength and demand patterns. This isn’t about hype—it’s about early access and real structural upside. Why ARB, ADA, INJ, and KAS can’t match this timing Arbitrum (ARB) , Cardano (ADA) , Injective (INJ) , and Kaspa (KAS) have already cycled through their initial breakout phases. MAGACOINFINANCE , by contrast, is still before that curve—where real upside is built from strategic timing and not reaction. Final thoughts on MAGACOINFINANCE Every game-changing token started quietly. Solana , Bitcoin , and Ethereum all rewarded those who stepped in early. Now, MAGACOINFINANCE is gaining traction at the perfect moment—still quiet, still limited, and increasingly sought after. This is the phase where fortunes are made—not chased. Join the Presale Now at MAGACOINFINANCE.COM SMART INVESTORS ARE ALREADY IN — ARE YOU? For more information, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance The post $150 to $1 Million? MAGACOINFINANCE.COM and SOLANA Could Change Everything! appeared first on TheCoinrise.com .

Read more

Dogwifhat (WIF) Price Surges Amidst Meme Coin Market Rebound, Pullback Risks Loom

WIF’s Impressive Price Performance Dogwifhat (WIF) has recently experienced a significant surge in value. The price of WIF has jumped by 60% over the past week and 21% in the last 24 hours. This impressive performance has contributed to the broader resurgence of the meme coin market. Currently, Dogwifhat (WIF) is priced at $0.6714, with … Continue reading "Dogwifhat (WIF) Price Surges Amidst Meme Coin Market Rebound, Pullback Risks Loom" The post Dogwifhat (WIF) Price Surges Amidst Meme Coin Market Rebound, Pullback Risks Loom appeared first on Cryptoknowmics-Crypto News and Media Platform .

Read more