GBPJPY

The weekly chart for the S&P 500 shows an ascending channel that has grown over the years; to break its crest is not to be taken lightly. The present ascent is swift, perhaps the swiftest in living memory. It will either continue, or this weekly candle shall retreat inside the channel’s quiet boundaries.

Summary

Ethereum also had a positive month, so now the big question is whether Bitcoin and other leading cryptocurrencies can keep rising, or if the traditional investment strategy of selling in May and waiting until fall will hold true again this year.

This alliance, forged in the fires of regulatory compliance and technological ambition, promises to usher in a new era of digital payments. Bakkt, with its sights set on the horizon, dreams of a 24/7 settlement layer-a digital Leviathan built upon the bedrock of stablecoin technology.

A recent report from Bitso shows that in Latin America, stablecoins—cryptocurrencies pegged to the U.S. dollar like Tether and USDC—are now more popular for purchases than Bitcoin. 40% of all buys on the Bitso platform were made with stablecoins, compared to 18% with Bitcoin. This is the first time stablecoins have surpassed Bitcoin in usage in the region. These findings are based on the activity of almost 10 million individual users.

Yamamichi mentioned that multiple asset managers are already nervously rehearsing the opening of such products, eager to step into a new act in the world of investments.

Strap in, dear reader, because Strategy-the colossal publicly listed steward of hard‑hued BTC-has decided to keep the 11.5% dividend for May on its perpetual preferred stock, STRC, marking a third consecutive month of rigid determination.

Key Revelations from the Abyss:

Cryptographers, rather than merely analysts, whisper that Bitcoin might tumble to a modest $30,000 if the past were less obstinate.