Bitcoin’s Resurrection 📈 The Daily Chart Report
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Today’s Summary
Tuesday, April 22, 2025
Indices: Russell 2000 +2.71% | Dow +2.66% | Nasdaq +2.63% | S&P 500 +2.51%
Sectors: All 11 sectors closed higher. Financials led, rising +3.31%. Consumer Staples lagged, but still gained +1.42%.
Commodities: Crude Oil rose +2.02% to $63.67 per barrel. Gold inched lower by -0.17% to $3,419 per oz.
Currencies: The US Dollar Index rose +0.70% to $99.01
Crypto: Bitcoin is currently up +4.57% to $91,526. Ethereum is up +8.26% to $1,710.
Volatility: The Volatility Index dropped -9.61% to 30.56.
Interest Rates: The US 10-year Treasury yield fell to 4.401%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
🏆 Today's Chart of the Day was shared by JC Parets (@JC_ParetsX).
- It's only Tuesday, but Bitcoin is on pace for its best week since November, bouncing +7.5% over the past two days.
- JC points out that it reached a six-week high today and reclaimed $90k. At its current price of $91k, Bitcoin has recovered about half of its -30% drawdown.
- Since the election, $90k has been a key battleground. If this breakout sticks, Crypto winter may finally be over. Bulls want to see $100k next, but the ultimate test will be all-time highs at $110k.
The Takeaway: Bitcoin reclaimed a key inflection point at $90k today. If the breakout sticks, the next upside target will be all-time highs at $110k.
Quote of the Day
"The only way to make sense out of change is to plunge into it, move with it, and join the dance."
- Alan Watts
Top Links
How to Navigate the Retest - The Strazza Letter
Steve Strazza examines what a retest of the lows might look like.
Financials Fail at Resistance - Alfonso's Daily Note
Alfonso De Pablos highlights a key level in the Financial Sector ETF ($XLF).
A Stabilizing Market with Jeff deGraaf - Bloomberg
Jeff deGraaf shares his thoughts on the recent volatility.
Peak Macro Tour - The Rotation Report
Aaron Jackson weighs in on Gold, Bitcoin, and more.
The Morning Show for April 22 - Featuring John Roque - Stock Market TV
John Roque and JC Parets discuss the current market environment.