Happy Wednesday!

Bitcoin has exploded for a massive gain to tap $94,000 and could be rallying further, according to technical analysis: how much higher can it go?

Howard Lutnick’s son, Brandon Lutnick, is teaming up with Tether and SoftBank to launch a Strategy-like Bitcoin investment vehicle: here’s how it will work.

Plus, if you want to learn more about how to capitalize on market volatility to seek gains using short-term options, check out this free webinar from today’s sponsor.

TOP STORY

Bitcoin Taps $94,000: Is $99,000 Next?

Bitcoin has tapped $94,000 on an impressive rally, and technical signals point to a potential move toward $98,000–$99,000, according to a new report from 10x Research.

But the report noted that while Bitcoin has gained more than 10% since April 12, a key component of long-term price expansion, stablecoin issuance, remains subdued.

The analysis also notes that futures open interest has climbed from $22 billion to $29 billion, supporting the rally, while their Money Inflows Indicator has reached $146.3 billion in cumulative inflows since January.

Can Bitcoin move higher?

Read the full scoop here.

SPONSORED CONTENT

Learn To Make The Most Of Volatility With Cboe’s 0DTE Options Webinar

Are you looking for ways to maximize opportunities in the fast-paced options market? Join us and Cboe Global Markets VP of Derivatives Market Intelligence Henry Schwartz at 11 a.m. ET on Thursday, April 24, to discover how you can leverage 0DTE (Zero Days to Expiration) options to take your trading strategies to the next level. 

Learn about the evolution of 0DTE options, why they have become a critical tool in modern trading, the most effective ways to trade 0DTE options and how to minimize your risk.

Whether you are a seasoned pro or just starting out, level up your skills by getting insight into the growing trend of short-term options with 0DTEs.  

Click here to register for the free webinar and learn why now is the perfect time to start using 0DTE options. 

This is a paid ad. Please see 17b disclosure here for more information.

QUICK N DIRTY

Altcoins are celebrating the Bitcoin push to $94,000 and analysts think there is room to extend the move further — but by how much?

Shiba Inu has catapulted 6% and its burn rate is exploding to over 600% again — is this the start of a big rally?

XRP has surged 8% over the past 24 hours — how much higher can it go on this rally?

FINTECH FOCUS

Brandon Lutnick, Tether, SoftBank Back $3 Billion Bitcoin Venture

Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick, is partnering with crypto powerhouses Tether, Bitfinex and Japanese investment giant SoftBank to launch a multibillion-dollar Bitcoin-focused venture.

Quoting sources familiar with the initiative, the Financial Times reported on Tuesday that the group aims to create a massive Bitcoin acquisition vehicle modeled after the playbook of Strategy.

The plan is for 21 Capital to receive $3 billion in Bitcoin from its partners: Tether is expected to contribute $1.5 billion, SoftBank $900 million and Bitfinex $600 million.

What could this mean for the price of Bitcoin?

Read the full scoop here.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Ring The Bell: Created for market enthusiasts by market enthusiasts, this daily newsletter delivers top stories, fast movers and hot trade ideas straight to your inbox. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis and news. Subscribe here.

Tech Trends: Get the inside scoop on AI, the hottest gadgets and mind-blowing tech trends. Subscribe here.

Disclaimer: This communication from Benzinga is for informational purposes only. It is not intended to serve as a recommendation to buy, sell, or hold any security and is not an offer or sale of a security. Information contained within should not be perceived as a research report and is not intended to serve as the basis for any investment decision. Any third-party views reflected herein do not reflect the opinion of Benzinga. All investments involve risk and the past performance of a security does not guarantee future results or returns. There is always the potential for financial loss when investing in securities or other financial products. Investors should consider their investment objectives and risks before investing. Benzinga is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer’s securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad. Please see 17b disclosure linked in the campaign page for more information.