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Bitcoin Rises Above $94,000 with a 0.36% Increase in 24 Hours

Bitcoin rose above $94,000 and is now trading at $94,334, with a 0.36% increase in 24 hours.

Michael Saylor Hints at Accumulating Bitcoin Again, Releases Investment Tracking Chart

On April 27, Strategy founder Michael Saylor once again published the investment tracking chart and captioned it “Stay Humble. Stack Sats”, implying that he will continue to accumulate Bitcoin.

The MicroStrategy portfolio tracking chart uses a blue line to mark the price trend of Bitcoin and uses yellow dots to indicate accumulation actions on the chart. Previously, Michael Saylor released information related to the MicroStrategy portfolio tracking chart for over ten consecutive weeks. According to the pattern, MicroStrategy always accumulates Bitcoin the day after related news is released.

Cantor SPAC Surge Hits 197% on Deal to Form Bitcoin Vehicle

Traders piled further into shares of a blank-check company that’s set to become the latest publicly traded Bitcoin investment vehicle, bidding its expected market capitalization to around three times the estimated value of the cryptocurrency it would hold.

Cantor Equity Partners Inc’s stock has climbed 197% since its April 22 close, the day before its announcement that the company had agreed to merge with Twenty One Capital Inc., a firm backed by stablecoin issuer Tether Holdings SA, its affiliate Bitfinex and SoftBank Group Corp. Shares in the special-purpose acquisition company, sponsored by an affiliate of Cantor Fitzgerald LP, closed at $31.50 on Friday.

SEC Already Has Ample Authority to Oversee Crypto, Atkins Says

The US Securities and Exchange Commission has “ample room to maneuver” in regulating digital assets even without congressional action, Chairman Paul Atkins said Friday.

The remarks by the agency’s new head at a crypto event in Washington come while Congress is debating the contours of a market structure bill for digital assets that could clarify whether the SEC or the Commodity Futures Trading Commission should be the primary regulator of the growing asset class.

Cathie Wood Projects Bitcoin to Soar to $1.5M by 2030 According to Ark’s Bull Case

Cathie Wood and her team at Ark Invest have revised their long-term outlook for bitcoin (BTC-USD), releasing updated price targets that envision the cryptocurrency reaching as high as $1.5M per coin by 2030 under their most optimistic scenario.

In a recent investor report, Ark Invest detailed three potential outcomes for bitcoin’s trajectory over the next several years. The firm’s bull case projects the digital asset could surge to $1.5M, while the base case estimates a value of $710K, and the bear case sees bitcoin reaching $300K by the end of the decade. 

Bitcoin Market Sentiment Shows Signs of Recovery

According to PANews, the Bitcoin Bull Score Index has reached 60, indicating a noticeable improvement in market optimism. This shift comes as demand for Bitcoin and stablecoin liquidity begins to rise once more, suggesting a renewed interest in the cryptocurrency market.

SEC Approves Three ProShares XRP Futures ETFs to Be Listed on April 30, 2025

On April 27, the U.S. SEC approved three XRP futures ETFs from ProShares Trust: ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF. ProShares Ultra XRP ETF aims to provide double the returns of XRP futures prices. ProShares UltraShort XRP ETF aims to provide double the inverse returns of XRP futures prices. ProShares Short XRP ETF aims to provide inverse returns of XRP futures prices. These three futures ETFs are scheduled to officially list for trading on April 30, 2025.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF last Friday was $379.99 million. The total net asset value of Bitcoin spot ETFs is $109.27 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.80%.

The Bitcoin spot ETF with the highest net inflow on Apr. 25 was iShares Bitcoin Trust, with a net inflow of $240.15 million. Following that was Fidelity Wise Origin Bitcoin Fund, with a net inflow of 108.04 million, according to SoSoValue.

SoSoValue