Crypto surge, oil rally, Powell out, AI breakthroughs. Week in review

The market has entered an accumulation phase. Bitcoin is holding firmly above $78,000, brushing off ETF outflows thanks to aggressive “whale” accumulation.

🟡 Crypto Market

🔸 Event: TRON (TRX) made headlines by introducing a quantum-resistant network protocol. DOGE hit 6-month activity highs fueled by SpaceX IPO rumors.

🔸 Price Action: BTC — $78,650, ETH — $2,300. DOGE leads the gains among top-tier assets.

🔸 Outlook: The $78,000 resistance has been cleared, confirming strong buying pressure. Next target: $80,000. Holding above current levels will trigger over $1.2B in short liquidations, further accelerating the rally.

🟢 Stock Market

Earnings season confirmed the dominance of the giants. Apple impressed with a $100B buyback, while Chevron and Exxon Mobil beat profit estimates.

• Companies: Apple (#AAPL) — $111.2B revenue; Chevron (#CVX) — U.S. production up 24%.

• Indices: S&P 500 held above 7,300; Nasdaq-100 is testing 27,500 driven by AI sector gains.

• Outlook: Markets are focused on the Fed leadership transition as Kevin Warsh prepares to take the helm.

🟢 Commodities

Gold continues its rally following the UAE’s exit from OPEC and ongoing de-dollarization. Oil remains “overheated” due to geopolitics.

• Gold (#HUG): Trading near $4,600 (upside potential remains high as markets anticipate a “Warsh pivot” toward lower rates).

• Oil (#WTI): Prices stabilized around $111 (with a slight dip late week). Risks of an Hormuz Strait blockade threaten a global supply crunch, pushing U.S. domestic prices to multi-year highs despite record local production.

⚖️ Geopolitics & The Fed

The year’s biggest mystery is solved: Kevin Warsh is set to lead the Fed. Markets interpret this as a signal for a more dovish monetary policy and a pro-crypto stance.

Risks & Forecasts

• “Double Blockade” in the Strait of Hormuz: The threat of losing 20% of global oil supply is the primary volatility driver for May.

• Outlook: While Warsh’s first meeting isn’t until June, markets are already “front-running” his policy. Anticipation of a softer stance is fueling the current rally, even as Powell concludes his final days in office.

Summary

The week ends on a high note. Big Tech and Energy are lifting indices, while Crypto stands on the verge of a historic breakout 🔥