00:00:00: Bitcoin over a ninety thousand US dollars, Western Union bringing out a stablecoin on Solana and Ave in full crisis mode.

00:00:10: That and more in the crypto talk this week!

00:00:27: This video is not financial advice.

00:00:31: In this week's episode, we will talk of course about the beautiful price positive Iran news.

00:01:02: Maybe let's start with the positive Iran News, mainly The story is that President Trump has tweeted at the beginning of the week That they have been in peace talks essentially and the Strait of Hormuz will be opened.

00:01:15: And should we open?

00:01:17: And that Of course was a positive sign for the markets.

00:01:20: I would say the tension Is not fully done yet and the peace talks are ongoing But Let's hope For the best and let's Hope for the situation to ease.

00:01:29: That way, ideally we'll also see higher prices.

00:01:32: Then of course... In May, we have the chair switch of the Federal Reserve Chair which will be a Kevin Warsh and there are lots people who expect more positive environment for Bitcoin and risk on assets as well.

00:01:48: And then main kind of driver were the Bitcoin ETF flows.

00:01:54: so essentially on may first you've had six hundred twenty nine million US dollars and then Monday with five hundred thirty two million US dollar.

00:02:03: Clearly, the institutional ETF investors are quite bullish when it comes to Bitcoin and Co.

00:02:10: And then the Bitcoin price of course is risen above US dollars even sitting at a bit higher currently at US dollars.

00:02:19: Then there's strategy and they're pausing the Bitcoin purchases but not because Because I think their average is sitting at around seventy seven thousand US dollars, but it's more because they have the quarter earnings call which clearly in which direction this thing is going.

00:03:00: So we just had this cross above a seventy eight thousand.

00:03:03: now, We're sitting at close to eighty one thousand US dollars and I would expect us to range kind of between seventy-eight and maybe even eighty four eighty five Even if we can reach within the week eighty five thousand US Dollars.

00:03:18: an event hold that will be very very bullish.

00:03:21: but i still expect This To Go Down.

00:03:23: Maybe Do A Quick Retouch Of Around Seventy Eight thousand US dollars, although technically that was the case on Monday.

00:03:30: And then we would be kind of golden to go a bit higher.

00:03:34: so even if you look here at the chart We have seen kind of a quick retest Of around seventy eight thousand on the daily but for us The weekly is currently more important.

00:03:45: So this ranging between seventy-eight and eighty four Would be quite bullish.

00:03:50: Then let's talk about Western Union and Western union obviously has been feeling the tension.

00:03:55: And the competition towards coming towards from crypto side, and they even introduced a stable coin.

00:04:03: now on Solana They are calling it The USDPT and It Has Been Launched On Solana Issued by Anchorage Digital.

00:04:11: and interesting part is western union Is using this not just for the retail investors but also kind of for the bigger investors and the big money liquidity issues, obviously stablecoins can be quite a solution.

00:04:28: Now did it have positive effect on Solana?

00:04:31: Not really!

00:04:33: The Solana issue here is continuing as it's to be honest, more in a sideways move.

00:04:38: Here what we're seeing clearly that Solana is moving but its not really moving towards the three digits which actually want us see.

00:04:46: however kind of ranging into this area could also mean gaining strength slowly but surely to break out.

00:04:53: so make sure you are watching lower end and higher on the body of the candles less on the wicks here, that would be kind more beneficial especially if you want to trade it with tight stops.

00:05:11: Then let's continue and talk about ARWE because the ARWE crisis situation is heating up currently.

00:05:18: there was a law case against Arbitrum DAO or actually against North Korea from Arbitrum DAO essentially talking about seventy three million US dollars, because a lot of people have lost money on this kelp Dow Heck.

00:05:36: Now are we is doing an emergency motion to vacate the restraining notice served on Arbitum now?

00:05:43: Because they actually need the money.

00:05:45: so these thirty thousand ether would essentially be used for obvious defy United program which again makes total sense because DeFi needs to be kind of saved if you will via Defi united and The only way to do that is by keeping liquidity open for DeFi United.

00:06:04: And this is currently the case.

00:06:06: Obviously, Aavey's struggling a lot because there are still about five to six billion US dollars stuck in the Qs that need to be kind of opened up and can only open once liquidity enters again at the market.

00:06:19: so as you see here, Awey is still struggling to break out making slow gains then falling back down.

00:06:26: Here was the Kelp Thau hack.

00:06:28: essentially it slowly grinded.

00:06:33: So obviously, Ave is struggling a lot.

00:06:36: Now I would say as soon this breaks out though and i think with DeFi United there's good chance then you can trade towards one hundred forty US dollars once again if Ave kind of survive the situation.

00:06:51: That was it from The Crypto Talk This week.

00:06:53: make sure that your subscribe to not miss any other crypto news I will see on next one.

00:06:56: Have A Good One.

00:07:00: CFDs and digital assets are volatile, not suitable for everyone.

00:07:04: SwissQuote assumes no responsibility for accuracy or losses from its use.

00:07:08: Products & services were offered only where legally

00:07:10: permitted.".