Yabby Weekly News (week 8)

Grab your favorite drink or snack and get comfortable, because it’s time for another round of weekly news! Mr. Yabby has his papers ready; he’s looking at the cameras and waiting for the red light to turn on. And we are live in 3,2,1….

BTC Pushing for that $ 95,000 Milestone

Bitcoin continues to show strong momentum (on the rise since April 9^th) as it approaches the key resistance level of $95,000, supported by a combination of bullish factors. Spot Bitcoin ETFs have seen their highest inflows since January of this year. With over $900 million added on both April 22^nd and 23^rd, indicating renewed institutional interest. Simultaneously, Bitcoin inflows to exchanges are at their lowest levels since 2016, signaling reduced pressure to sell and a rise in long-term holding sentiment. Despite price gains, funding rates for BTC suggest bearish sentiment that could trigger a short squeeze. BTC is also trading above the crucial 200-day moving average, which historically has preceded significant rallies. If the current momentum continues and the buying pressure keeps Bitcoin could break through $95 k and aim for the next milestone at $100,000, with even higher gains on the horizon.

Companies with Most Bitcoin

Among the companies that hold large amounts of Bitcoin, with the information available to the public, there are some standouts. Firms like Strategy, Coinbase and Tesla invested billions of dollars into BTC. According to their record Strategy holds an impressive collection of Bitcoins of 478.740 which is a little over 2% of BTC that will ever be available in the market. Tesla and Coinbase also continue to stockpile their Bitcoin reserves. All of this shows that big corporations see a long-term value in owning Bitcoin. Which of these company will make the news next?

Memecoins Fund Longevity Research

Crypto projects such as VitaDAO and Pump.science use speculations with memecoins for financing research in the field of prolonging the human lifespan and anti-aging protocols. These projects are trying to use the enthusiasm and capital that surrounds crypto communities in the aim of battling one of humanity’s biggest problems – aging and mortality. Even if they do not find a kind of cure, this type of research can still yield new discoveries in improving people’s quality of life.

Tether Competes with Micro-Strategy

Tether, SoftBank and Jack Mallers founded a company under the name Twenty One (meant as a reference to Bitcoin’s 21 million supply limit). This firm plans to accumulate over 42,000 in BTC and directly compete with MicroStrategy in collecting large amounts of Bitcoin. This initiative has already generated a lot of buzz on the market. Tether will have a dominant managerial role in the new company. A lot of eyes are on Twenty One now.

This concludes your weekly dose of Yabby crypto news. Thank you for staying with us and don’t change the channel. Lots of fun stories including your chance to win an exclusive bonus in Yabby’s Ocean Adventures are coming up!