Happy Friday!

Bitcoin rallied to $72,000, but that doesn’t mean a new bull market is starting. The shaky Iran ceasefire could still catch Bitcoin off guard…

Galaxy surged 11% yesterday after announcing a multi-hundred billion dollar AI infrastructure goal. Here are all the details about that.

Plus, Matt Maley is trading this by focusing on movement over direction and actively repositioning as setups change, consistently finding winning trades in these conditions. Join him live this Sunday to see how to apply this approach now. Get Access to the Session →

TOP STORY

Bitcoin Rallies To $72,000 But 'Shaky' Iran Ceasefire Could Catch BTC Off Guard

Bitcoin surged 8% to $72,000 on the U.S.-Iran ceasefire, pulling in $411 million in spot ETF inflows in April—but analysts are warning traders not to tear up their hedges yet.

Bybit's Han Tan calls the ceasefire "shaky," noting the Strait of Hormuz remains practically shut and inflation risks haven't meaningfully changed.

U.S. and Iranian officials meet in Pakistan Saturday with shipping access the central sticking point, while Kuwait is already reporting drone attacks that may breach the truce.

Technically, BTC has broken out of its multi-month descending channel…

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QUICK N DIRTY

Bitcoin, Ethereum, XRP are going sideways ahead of the much awaited US-Iran ceasefire talks over the weekend: here’s what else is driving markets today.

Tom Lee keeps buying ETH, but he is not doing so at full price. Here’s how the Bitmine executive chairman manages to get a discount on his purchases.

XRP may be better prepared for the quantum threat than Bitcoin is. Here’s how.

FINTECH FOCUS

Galaxy Digital Surged 11% After Announcing Multi-Hundred-Billion-Dollar AI Infrastructure Goal

Galaxy Digital surged 11% after unveiling plans to build a "multi-hundred-billion-dollar" digital infrastructure empire anchored by its $15 billion+ Helios AI data center campus in West Texas.

The flagship site has 1.6 gigawatts of approved capacity, with the first 800 megawatts already leased to CoreWeave in a deal worth over $7.5 billion alone.

CEO Mike Novogratz's message is blunt: "Demand for compute is not a cycle. It is a structural condition that will define the next decade."

GLXY has now broken out of a multi-month symmetrical triangle…

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