Stormrake - Insights #RippleStormrake - Insights #Ripplehttps://www.stormrake.com/blogs/tag/rippleWed, 15 Apr 2026 08:35:59 +1000http://zoho.com/sites/<![CDATA[Bitcoin Slides as Trump Talks Tough – All Eyes on the Fed]]>https://www.stormrake.com/blogs/post/Bitcoin-Slides-as-Trump-Talks-Tough-–All-Eyes-on-the-Fed
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The weekend delivered a slow bleed for Bitcoin, which retraced 3.4% from its $97.5K high posted early Saturday. Now trading at $94.5K and back within its established range, we’re heading into a week where volatility is expected to surge.

JUST IN: Trump has declared he has no intention of speaking with President Xi about tariffs, accusing China of “ripping us off” and claiming that US and Chinese officials are “talking about different things.” As a result, Bitcoin dropped over 1.5% in the past two hours, while S&P500 futures also fell—reinforcing that markets remain highly reactive to Trump headlines.

Macro Focus: FOMC & Tariff Tension

The third interest rate decision of the year is on deck. Ahead of Trump’s second term, many expected May to mark the beginning of a rate-cutting cycle. However, the chaotic start to 2025 has put those expectations on pause.

Tariff developments have created economic uncertainty and stoked inflation fears, pushing rate cut odds lower. Trump continues to demand lower rates, but Powell has stayed resolute—guided solely by economic data. Markets are now pricing a 96.8% probability of no cut this week. Attention shifts to mid-June (still skewed toward no cut), while July is currently seen as the first realistic window for easing.

With that in mind, this week’s decision may already be priced in. What matters more will be Powell’s press conference. He will undoubtedly face questions on the tariff pause and its implications for inflation and policy. A dovish tone (hopeful/optimistic) could trigger a relief rally. Conversely, if Powell remains hawkish (cautious/bearish), risk assets are likely to continue lower.

The presser could be the catalyst that breaks us out of the recent consolidation.

Stormrake Spotlight: Bittensor (TAO) ($345)

As requested, Bittensor takes the spotlight. TAO has surged over 100% from its lows in the past month, flipping long-term momentum back in favor of the bulls. Price has decisively broken previous highs and entered a new uptrend by forming a higher high.

For structural confirmation, TAO needs to establish a higher low. This will be validated once it sets a low above the recent $222 mark. A pullback to form this higher low is expected and would be healthy. There are three key support levels to watch:

  • Level 1: 21EMA and CPR support
  • Level 2: 0.5 Fibonacci & 55EMA support
  • Level 3: 0.618 Fib & CPR confluence

A bounce from any of these would confirm continuation of the bullish structure.

BTC/USD Key Levels and Price Action:

Bitcoin has lost the key support zone and slipped below all major moving averages. Short-term momentum now favors the bears, though the broader structure still leans bullish—as long as $92.9K holds.

A break below $92.9K would flip the structure and likely send BTC to retest $90K.

BTC Total ETF Flows for 4 May: $ (data not available at the time of writing)

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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Written by Alexandar Artis

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The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

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]]>Mon, 05 May 2025 12:26:48 +1000<![CDATA[Lummis Doubles Down: Bitcoin as America's Escape from Debt?]]>https://www.stormrake.com/blogs/post/lummis-doubles-down-bitcoin-as-america-s-escape-from-debt
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Cynthia Lummis is still fighting hard for Bitcoin. For those unfamiliar, Senator Lummis is the force behind the so-called “Lummis Bill,” more formally known as the Strategic Bitcoin Reserve. The original bill, introduced last July, proposed that the US government accumulate one million Bitcoin over five years.

However, when President Trump signed the executive order in March to establish the Strategic Bitcoin Reserve, there was no formal plan to actually buy those one million coins. That omission left many investors disappointed.

But overnight, Senator Lummis reassured markets that Trump remains supportive of her original vision. She reaffirmed that the only viable solution to America’s $36 trillion debt burden is to pass the Bitcoin Act and begin systematic BTC accumulation. With Lummis continuing to push this agenda, it feels like a matter of when, not if, Trump greenlights the plan to start buying Bitcoin using government funds.

If and when that announcement comes, expect buying pressure and FOMO unlike anything the market has ever seen. This isn’t the kind of move you want to chase. Get allocated now—before the herd comes running.

Stormrake Spotlight: Ripple (XRP) ($2.19)

XRP slipped a marginal 0.11% yesterday, currently trading between the 21EMA and 55EMA. The market structure remains bullish, and momentum is gradually shifting toward bullish control. If XRP breaks above the 55EMA, the next upside target sits at $2.49. Immediate support lies at $2.12.

BTC/USD Key Levels and Price Action:

Bitcoin just missed the $98K mark overnight, topping out at $97.9K. Since then, price action has pulled back toward the 55EMA. If that support fails, we’re watching $95.7K as the next key level. No alarm bells for bulls here—another higher high confirms the uptrend, and this retracement likely sets up a stronger higher low to further reinforce the bullish structure.

BTC Total ETF Flows for 2 May: $ (data not available at the time of writing)

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Sat, 03 May 2025 15:36:09 +1000<![CDATA[Bitcoin Breaks 8-Day Range, Edges Closer to $100K]]>https://www.stormrake.com/blogs/post/Bitcoin-Breaks-8-Day-Range-Edges-Closer-to-100K
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May has kicked off with strength, finally breaking out of the eight-day consolidation range. Bitcoin is up 2.5%, trading above $97K for the first time since late February, and now closing in on the key psychological level of $100K.

There are plenty of investing adages, and one from traditional finance that often resurfaces in crypto is: “Sell in May and go away.” But does it really hold weight for Bitcoin?

Since 2011, we’ve seen 14 Mays. Six were red; eight were green — that’s 57% of Mays closing positive. The average return? +20%. The median? +6.21%. However, three of the past four Mays have been negative, with an average return of –11.83%.

Looking closer — when April is positive, May tends to follow. Only three Mays have been red following a green April since 2011, giving us a 79% probability of May being positive under those conditions.

Not only did April close in the green, but it also flipped Bitcoin’s structure back to bullish. From January through March, the trend was bearish — marked by lower highs and lower lows. April briefly set a new lower low at $74.5K, but Bitcoin has since rallied to $97K, posting a higher high and establishing a clear higher low.

With historical data and current structure aligned, May appears poised for further upside. The old adage “sell in May and go away” may not apply this time — perhaps it’s actually time to accumulate more Bitcoin and altcoins instead. Bitcoin is on the verge of reclaiming $100K, and once that level breaks, momentum could carry it much higher. Altcoins will likely follow. We’ve already seen some of our favourite names rally in recent weeks. This isn’t the time to be on the sidelines — it’s a time to consider further allocation and stay positioned for the move.

Stormrake Spotlight: Ripple (XRP) ($2.22)

XRP bounced cleanly from the 21EMA, forming another higher low at $2.12. With Bitcoin showing strong momentum, XRP is likely to continue its move upward, targeting the green CPR level at $2.49 in the coming weeks. The structure remains bullish, and momentum is gradually swinging further in favour of the bulls.

BTC/USD Key Levels and Price Action:

Bitcoin has broken above the top of its consolidation range at $95.7K. With the 21EMA and 55EMA providing strong support, that previous resistance now acts as support. Price action suggests a likely retest of the $100K mark over the next week or so.

BTC Total ETF Flows for 1 May: $ +71.1 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Fri, 02 May 2025 12:33:04 +1000<![CDATA[US GDP Shrinks in Q1: Recession Bets Rise]]>https://www.stormrake.com/blogs/post/us-gdp-shrinks-in-q1-recession-bets-riseBitcoin Stuck in Range as GDP Miss Raises Recession Bets]]>
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Bitcoin remains rangebound, despite pockets of overnight volatility, making it eight consecutive days trading within the same range.

The first GDP reading under Trump’s second term was released overnight—and it wasn't pretty. The economy shrank by 0.3%, missing the forecasted 0.2% growth. This marks the first negative Q1 GDP print since 2022. As a result, recession odds on Polymarket have surged once again, now sitting at 63% for a recession this year. Just four months ago, expectations were for Q1 growth of over 3%—a stark contrast to the reality.

Trump was quick to deflect blame, pointing the finger at the previous administration. He labelled it “Biden’s stock market,” claiming that his own tariffs had no role in the weak data and arguing they’ll take time to show results—adding that when they do, they’ll “boom.” Somewhat ironic, considering Trump previously called it the “Trump Stock Market” on January 29th when equities were making all-time highs.

Markets reacted swiftly to the GDP release. Both Bitcoin and the S&P 500 dropped 2.2% on the announcement. However, the S&P managed to claw back gains throughout the trading session.

All attention now shifts to Jerome Powell and next week’s interest rate decision. With a 94% probability of no rate cut, the press conference will be pivotal. Powell faces a no-win scenario: either tackle inflation or support employment. Holding rates risks further economic contraction and rising unemployment. On the other hand, cutting rates too soon could re-ignite inflationary pressures. His tone and guidance will be critical in signalling the Fed’s path forward.

Stormrake Spotlight: Ripple (XRP) ($2.20)

XRP slipped another 2% yesterday, closing below the 55 EMA—a bearish signal for bulls. However, it did manage to hold above the 21 EMA, offering a glimmer of hope. Monthly CPR levels have now shifted with the start of May, and they've moved lower—indicating a broader downtrend. That said, what was previously immediate resistance has now flipped to support at $2.12. The new resistance sits at $2.50.

BTC/USD Key Levels and Price Action:

Following the GDP miss, Bitcoin dipped to test the bottom of its range, bouncing neatly off CPR support at $92.8K. It reversed quickly, reclaiming all key moving averages and returning to the middle of the range. While we remain in a sideways structure, May’s CPR levels have risen—unlike XRP’s—suggesting that the broader trend for Bitcoin remains bullish.

BTC Total ETF Flows for 30 April: $ -323.3 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Thu, 01 May 2025 12:08:34 +1000<![CDATA[Bitcoin Eyes $100K Amid Tight Consolidation]]>https://www.stormrake.com/blogs/post/Bitcoin-Eyes-100K-Amid-Tight-Consolidation
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The data released overnight had little effect on markets. Bitcoin remains range-bound, gold ticked up just 0.05%, and the S&P 500 posted a modest 0.58% gain. Both key data prints came in below expectations.

JOLTS job openings were forecast at 7.49 million but came in lower at 7.19 million—reinforcing the trend of softening labour demand. Lower-than-expected numbers are generally positive for risk-on assets and negative for the USD, as they hint at a more dovish Fed. But the broader lack of momentum across markets has kept price action subdued.

US consumer confidence also declined for the sixth straight month, reflecting rising caution among households amid sticky inflation and policy uncertainty. While this was largely expected, it adds to the broader theme of hesitancy. Political noise—like Trump and the White House flip-flopping on tariffs—only deepened market indecision throughout April.

Despite the noise, Bitcoin is set to close April nearly 15% higher—a sharp turnaround from just weeks ago when it dipped under $75K, losing 15% in four days post-Liberation Day. Since then, BTC has rallied over 26%, and is once again knocking on the door of $100K.

This consolidation period will break—it’s not a matter of if, but when. Bitcoin’s structure and the expanding M2 money supply point to upside, likely sooner rather than later. Allocating during times of consolidation is often when the best moves are made—don’t sleep on it.

Stormrake Spotlight: Ripple (XRP) ($2.24)

XRP posted a mild 2.49% pullback yesterday, retesting the 55 EMA but closing above it—a strong technical signal. The $2.33 CPR level remains key resistance. For XRP to extend its bullish structure, it must clear that while holding above the 55 EMA. A drop below the 55—or even the 21 EMA—could flip the structure bearish.

BTC/USD Key Levels and Price Action:

Another 24 hours of sideways action. BTC continues to range between $95.7K and $92.5K. A break above the range likely sets up a $100K retest, while a downside break could push BTC back below $90K.

BTC Total ETF Flows for 29 April: $ -43.9 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Wed, 30 Apr 2025 11:31:41 +1000<![CDATA[Bitcoin Trapped Between Key Levels — Breakout Imminent?]]>https://www.stormrake.com/blogs/post/Bitcoin-Trapped-Between-Key-Levels-Breakout-ImminentBitcoin remains locked between $92.5K and $96K as consolidation drags on, with markets awaiting tonight’s key data for the next move.]]>
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Bitcoin has finally broken its streak of sub-1% days, currently up 1.3% on the day — though nothing particularly impressive. Consolidation remains the theme, with BTC stuck between $92.5K and $96K. Since last Tuesday’s 7% breakout, price action has been locked in this range — a week-long standstill so far.

Elsewhere, Temu has joined the trade war, introducing import charges of up to 150% to counter US tariffs. Meanwhile, Mastercard has added stablecoin settlement support for merchants, further bridging crypto adoption into traditional finance.

Finally, the PELOSI Act has been reintroduced. The bill seeks to ban members of Congress from trading stocks — a highly controversial topic given how often lawmakers seem to buy or sell just ahead of major deals or announcements. Quite the stunning coincidence…

At midnight, we’ll receive the first major data of the week: JOLTS job openings and US consumer confidence figures. Both are expected to soften from previous readings and will heavily influence Powell and the Fed’s upcoming decisions on interest rates.

Stormrake Spotlight: Ripple (XRP) ($2.29)

Ripple continues to show encouraging strength, rising nearly 2% over the last 24 hours — slightly outperforming Bitcoin and continuing its minor breakout. A particularly bullish sign is XRP’s ability to stay above all major moving averages after clearing the 55EMA two days ago.

The next key confirmation will be the 21EMA crossing the 55EMA — a technical trigger that would signal the momentum has truly swung back to the bulls.

BTC/USD Key Levels and Price Action:

Bitcoin remains trapped between two critical levels: $92.5K and $95.7K. Bulls and bears are fiercely defending their ground, and a break of either side will likely set the next major move.

A bullish breakout could propel BTC towards $100K, while a failure at support risks a slide back under $90K. These levels are crucial battlegrounds as the next phase unfolds.

BTC Total ETF Flows for 28 April: $ -292.8 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Tue, 29 Apr 2025 15:17:33 +1000<![CDATA[Bitcoin Marks Fifth Day of Sub-1% Moves]]>https://www.stormrake.com/blogs/post/bitcoin-marks-fifth-day-of-sub-1-moves
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A slow weekend of consolidation across Bitcoin and the broader crypto market. Saturday closed just 0.1% lower, and Sunday is set to close red for the second day running—down 0.66%. That marks five straight days of sub-1% moves following last week’s breakout candle.

We saw a similar stretch mid-April, when Bitcoin consolidated for nine days after rebounding from the $74K low. Could this be déjà vu? A quiet spell before the next leg higher—to $100K?

No major headlines over the weekend, but the week ahead brings key events for traditional markets. We’ll get US consumer confidence data—expected to dip further—along with critical job figures, a metric Powell heavily weighs when guiding rate decisions. Meanwhile, around 25% of S&P 500 companies are due to report earnings.

While crypto might shrug most of this off, traditional assets like the S&P 500 and gold are likely to react. This week could reveal whether Bitcoin continues behaving like a risk-on asset, mirroring equities, or pivots to act more like gold. April has seen it do a bit of both.

Stormrake Spotlight: Ripple (XRP) ($2.24)

Despite Bitcoin’s pause, XRP is showing signs of strength—currently up 2.65%. It’s finally broken through the 55EMA and the first CPR resistance, levels that had capped it since Tuesday.

This kind of resilience during a BTC pullback is a positive sign. The structure remains bullish, and momentum is beginning to tilt in the bulls’ favour. The next hurdles lie at $2.33 and $2.45—key CPR levels to watch.

BTC/USD Key Levels and Price Action:

After failing to push through the critical $95.7K resistance on Friday, BTC has printed a series of lower highs, threatening the bullish structure. Price has slipped below both the 21 and 55EMAs, with a potential bearish cross looming.

That said, the bullish bias holds as long as we don’t break below $91.6K. There’s immediate support in the $92.5K–$92.8K zone, which could offer a bounce if tested.

BTC Total ETF Flows for 27 April: (data not available at the time of writing)

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Mon, 28 Apr 2025 12:57:21 +1000<![CDATA[The Slow Crawl to $100K]]>https://www.stormrake.com/blogs/post/the-slow-crawl-to-100kBitcoin’s slow climb toward $100K continues amid tariff-driven consolidation—Sui up 71% since Monday.]]>
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Bitcoin has now marked its third consecutive day of positive candles, each moving less than 1% from its open. Since the 7% rally earlier this week, Bitcoin has only moved a combined 1.28% over the last three sessions — a sharp contrast and a clear sign of consolidation. As we noted yesterday, this kind of sideways action following a strong upward move is far more constructive than a pullback. We're seeing Bitcoin consolidate while gradually climbing, a bullish sign in itself.

Markets overall mirrored this subdued tone. Both Gold and the S&P 500 also moved less than 1% from their opens. No major headlines broke, though there were notable developments in the ongoing tariff saga. Trump remains firm on China, maintaining that no concessions will be made unless China acts first. Reports suggest China may exempt certain US imports from the sweeping 125% tariffs. Still, Trump reiterated that another tariff pause is unlikely and claimed it would be a “win” if the US were imposing 50% tariffs a year from now.

This leaves markets in a state of uncertainty — but this is where Bitcoin thrives. Whether in response to bullish “risk-on” pauses or bearish “risk-off” tariff headlines, Bitcoin has continued to perform. Uncertainty, as it stands, remains an ideal time to accumulate Bitcoin and select high-conviction altcoins.

Sui continues its impressive run, climbing another 5% yesterday, taking its return since Monday to a staggering 71%. These are the kinds of opportunities that reward early positioning in strong projects during quieter market periods.

Stormrake Spotlight: Ripple (XRP) ($2.18)

XRP saw a modest 1.1% pullback and has slipped back below the 55EMA. The ongoing battle with this moving average continues, with neither bulls nor bears able to claim dominance. This range-bound action is forming a clear consolidation structure — one to watch closely.

BTC/USD Key Levels and Price Action:

Bitcoin has reclaimed $95K and is now inching towards the key $100K level. Before it can get there, however, it needs to break through the critical resistance at $95.7K — a level it tested and rejected yesterday. Price bounced off the 21EMA, suggesting another attempt may be imminent. Should BTC clear this hurdle, the path to $100K opens up.

BTC Total ETF Flows for 25 April: $ + 139.9 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Sat, 26 Apr 2025 12:27:29 +1000<![CDATA[Bulls Hold the Line as Bitcoin Eyes $100K]]>https://www.stormrake.com/blogs/post/bulls-hold-the-line-as-bitcoin-eyes-100k
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Bears made an attempt to knock Bitcoin lower, but the buying demand was too strong. Bulls held firm, turning what was a 2% intraday dip into a small gain of 0.31% on the day. A decent turnaround, considering the early pressure. Since Tuesday’s breakout, Bitcoin has entered a two-day consolidation phase—but this isn’t a sign of weakness. This is a bullish consolidation.

Rather than pulling back after the rally, Bitcoin is holding steady—positioning for the next leg up toward $100K in the coming weeks.

While the majors posted small moves—Ethereum down 1.41%, Solana up 0.96%, and Ripple down 0.60%—the clear standout continues to be Sui, up another 12.76% on the day. Since Monday, Sui has surged 60% and is now trading back above $3.36, cementing its place as this week’s breakout performer since Bitcoin’s rally kicked off.

Stormrake Spotlight: Ripple (XRP) ($2.20)

XRP continues to struggle with the 55EMA acting as stiff resistance. We're seeing a tug-of-war play out, with price action repeatedly closing right around that key moving average. Despite several attempts to break higher—or drop lower—the battle remains at a stalemate.

Yesterday, the bears managed to push XRP down as much as 4.5% intraday. But demand returned sharply at the 21EMA, providing a strong bid and reversing the move lower. The presence of buyers at key EMAs keeps XRP in play.

BTC/USD Key Levels and Price Action:

Bitcoin briefly dipped below the critical $92.5K support, but that move was short-lived. A sharp bounce off the 55EMA sent BTC right back above all the key levels. This strong defence reinforces the bullish consolidation narrative.

With solid demand holding at technical supports, it appears to be only a matter of time before BTC takes the next leg up, eyeing the next target at $95.7K.

BTC Total ETF Flows for 23 April: $ + 107.2 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
]]>Fri, 25 Apr 2025 16:14:01 +1000<![CDATA[Trump Mania Adds to Market Confusion]]>https://www.stormrake.com/blogs/post/trump-mania-adds-to-market-confusion
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Bitcoin spent most of yesterday in consolidation, closing just +0.27% from its open despite tagging an intraday high of $94.7K. But while price action was tame, the overnight narrative was anything but—tariff turbulence has returned in force.

Trump’s Trade Whiplash Sparks Volatility

President Trump ignited fresh waves of macro volatility across risk markets, unleashing a series of trade-related shocks in the span of just a few hours:

  • Floated a 25% tariff hike on Canadian imports, rattling North American equities.
  • Denied any intent to change existing auto tariffs, seemingly shutting the door on recent speculation.
  • Yet, within the hour, the Financial Times reported that carmakers will be granted exemptions from some US tariffs—a swift pivot that sent auto stocks tumbling from green to red in after-hours trading.

As if that wasn’t enough, Trump also addressed China’s 145% import tariff, saying: “I haven’t brought it down… but I haven’t ruled it out either.” This came just a day after speculation that Beijing’s tariffs might fall to the 50–65% range—a rumour that had fuelled the previous session’s risk-on rally.

President Trump’s personal memecoin, $TRUMP, rallied 65% after he promised dinner to its top 220 holders—because of course he did.

What This Means for Bitcoin

The broader takeaway? Macro risks are firmly back on the radar, and market direction may now hinge on tariff clarity—or the ongoing lack thereof.

Still, Bitcoin is holding its ground. In fact, over the past few weeks, it has performed strongly in both risk-on and risk-off conditions. When gold rallies, BTC rallies. When equities pop, BTC’s right there with them. Strength like this is hard to ignore, and at this point, it’s looking increasingly dangerous to sit on the sidelines.

Stormrake Spotlight: Ripple (XRP) ($2.20)

XRP followed the broader market’s attempt to extend higher, closing the day just +0.18%. It’s now at a critical juncture, locked in battle with the 55 EMA—a must-win zone for the bulls. A clean break above opens the door to a retest of $2.45, while failure to hold risks a drop to $2.03, the prior higher low. That level must hold for the bullish structure to remain intact.

BTC/USD Key Levels and Price Action:

After its 7% breakout rally, BTC spent the day consolidating just below $95K. Key support sits between $92.5K–$93K, a confluence of the CPR level, 21 EMA, and yearly close. Hold this range, and we likely push toward the next target at $95.7K. A breakdown? Not a structural threat yet—even a pullback to $90K keeps the bull thesis intact.

BTC Total ETF Flows for 22 April: $ + 273.8 million

(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/

*All prices are denominated in USD unless stated otherwise*

Written by Alexandar Artis

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Get Started

No Advice Warning 

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.
 

Disclaimer 

All statements made in this newsletter are made in good faith and we believe they are accurate and reliable. Stormrake does not give any warranty as to the accuracy, reliability or completeness of information that is contained here, except insofar as any liability under statute cannot be excluded. Stormrake, its directors, employees and their representatives do not accept any liability for any error or omission in this newsletter or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise specified, copyright of information provided in this newsletter is owned by Stormrake. You may not alter or modify this information in any way, including the removal of this copyright notice.

Copyright © 2024 Stormrake Pty Ltd, All rights reserved
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