Welcome back to The Crypto Report on CryptoKip!
Hope you’re doing great today — let’s dive right in.
Yesterday’s market action was wild. I had a feeling it was a fakeout rally, and unfortunately, it was. China announced 84% additional tariffs on U.S. goods, shaking up global markets. The S&P 500, which had touched 5,200, slipped back to 5,000. This wasn’t surprising to me, and if you’ve been following along, you know we’ve been spotting a lot of short opportunities lately.
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Despite the rough market conditions, this is still a time for accumulation — especially for Bitcoin. Yes, the market looks rough, and sentiment is low, but that’s often when the best opportunities arise.
Sentiment is Down — That’s a Bullish Signal
Across YouTube, views on crypto content are way down. And historically, when nobody’s paying attention, that’s exactly when the smartest investors are buying.
If you had been buying Bitcoin back when our channel barely got 200 views per video, and sold when crypto YouTube exploded with popularity, you would have done very well.
It’s a little trick that we, as creators, can see firsthand — sentiment tracks market cycles.
So, if you’re here today, you’re already ahead of the curve.
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Market Update: Pain Across the Board
Looking at the crypto market today, it’s painful:
- Near Protocol: Down 6.4%
- Polkadot (DOT): Down 4%
- Hedera (HBAR): Down to $0.14
- XDC: Down 4% to $0.06
- Stellar (XLM): Down to $0.22
There are very few gainers. Pepe had a slight bounce, but overall, red dominates the charts.
Bitcoin itself has corrected 31% from its highs. Historically, a 30% pullback is common during bull markets, so this could be a healthy correction before the next leg up. However, I’m eyeing key support levels:
- $71,200 – Critical weekly close support
- $65,000 – Next major support if we break lower
Currently, I’m personally shorting Bitcoin with a tight stop-loss, looking for possible dips toward these levels.
Rate Cut Incoming? Big News for Crypto
Breaking news: The probability of a Fed rate cut in May has spiked dramatically.
This could be bullish for stocks and crypto in the short term but signals deeper issues for the U.S. dollar in the long run. Here’s why:
- Short-Term: Lower rates make risk assets like stocks and Bitcoin more attractive.
- Long-Term: Premature rate cuts show weakness in the economy, hurting confidence in the dollar.
Remember, Bitcoin was built as a hedge against monetary manipulation. Every time the Fed steps in to prop up the market, Bitcoin’s value proposition gets stronger.
Final Thoughts
It’s tough out there. The economy feels shaky, crypto prices are down, and sentiment is low. But these are the moments when wealth is made — not when everything feels easy.
I firmly believe we are in a prime accumulation zone for Bitcoin and quality altcoins.
Could there be more downside? Absolutely. But if you’re in it for the long haul, these dips are blessings in disguise.
Thanks for tuning in today — and as always, stay patient, stay positive, and keep stacking!
Catch you in the next one