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- Dgenz Crypto Weekly 027
Dgenz Crypto Weekly 027
Your go-to newsletter for crypto market updates, trends and analysis brought to you by DgenzNFT.
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Weekly Snapshot
Market Pulse
Bitcoin has been holding steady around the $95,000 mark this week as investors await critical U.S. jobs and inflation data, which could show how President Trump’s new tariff policies are beginning to impact the economy. Although the U.S. previously announced a 90-day pause on the implementation of some tariffs, markets are closely watching to see if higher input costs are starting to filter through to businesses and consumers. A softer inflation print could spark renewed momentum across crypto markets. Meanwhile, BlackRock’s iShares Bitcoin Trust ETF (IBIT) continues to dominate inflows, pulling in $970.9 million over the past week, its second largest weekly gain since launching in January. Monday alone accounted for $591.2 million in new capital, while rival ETFs like Fidelity’s FBTC, Bitwise’s BITB, and ARK’s ARKB all saw significant outflows. Over in the derivatives market, CME Bitcoin Futures open interest has declined for four consecutive days, now sitting at 132,750 BTC, though rising basis yields in April climbed from 5-9% suggest this pullback may be bottoming out. In other news, Privacy-focused blockchain Monero surged 51% on Monday after on-chain investigators revealed that $330 million in stolen Bitcoin had likely been laundered through the network. Blockchain sleuth, ZachXBT, flagged suspicious transactions involving 3,520 BTC quickly swapped into XMR, contributing to a liquidity crunch that sent prices flying. Thin order books meant the hacker may have lost up to 20% of the stolen funds in slippage, but the XMR futures markets also exploded, with open interest more than doubling to $35.1 million so a bigger play may have been in the works. Finally, Mastercard announced a major crypto expansion, partnering with OKX, Circle, and Nuvei to allow clients to spend stablecoins via new crypto cards. Merchants will also be able to accept stablecoins directly through Mastercard’s network, further bridging the gap between digital assets and traditional payment rails.
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Crypto Insights: Weekly Charts
USDT Dominance
There’s no doubt $USDT.D is in a strong downtrend, and that typically signals strength in Bitcoin, but right now it’s bouncing off a key confluence of support levels—not just a major horizontal level, but also the 1D 12 EMA. As always, when price is sitting on support, you treat it as such until it’s broken. That said, any long entries here still carry risk of failure or extended drawdown, especially as $USDT.D could range for a while following the volatility spike from $83K to $95K on Bitcoin. What’s especially important is that it’s extremely unlikely for $USDT.D to reclaim the resistance levels it just lost. Why? Because it’s stacked with both static and dynamic resistance: the 1D 12 EMA, TVEM Bands, the monthly point of control, and a strong 4 hour resistance. The clear downtrend on $USDT.D confirms a strong uptrend on Bitcoin, and unless these resistance levels are reclaimed, there's no real reason to expect reversal here. Still, $USDT.D is back at the same support zone where we previously saw a bounce, and until that breaks, the level must be respected. If it does break this week, I’m targeting 4.68% on $USDT.D—which lines up with a clean move to $100K+ on Bitcoin. We may see short-term resistance around $98K, but momentum favors continuation. Yes, Bitcoin is currently at resistance, but I’m not positioning into shorts here due to the strength of the uptrend. It’s only a matter of time before we revisit $100K.
The USDT.D chart shows the market dominance of Tether (USDT), indicating the proportion of crypto market value held in Tether and reflecting investor sentiment towards risk, as higher dominance often signals a move towards stability.
Others Dominance
It's been a pretty slow last few days as a lot of coins have been consolidating in the same range and we've seen very few breakouts happening. This is mainly due to $OTHERS.D still continuing to trade under this daily resistance level. We are still trading above the 1D 12 EMA but possibly because of the uncertainty around data releases this week. It is still likely that we'll see a breakout above, but we still have no solid confirmation as of yet. For now I am only scalping until we either revisit support or break above the resistance.
The OTHERS.D chart highlights the market share of altcoins outside the top 10 by market cap, giving investors insight into capital flow and interest in the broader crypto market.
Bitcoin Dominance
While $OTHERS.D is struggling at resistance, $BTC.D is not only sitting comfortably above the 4H support and also trading nicely above the 1D 12 EMA but it looks like it's about to make another move upside breaking above the trendline. If this gets coupled with suspiciously slow looking price action on Bitcoin then alts would get a beating even with a small price drop on Bitcoin. Just another reason as to why I would first rather wait for confirmation than gamble on a gut feeling.
The BTC.D chart shows Bitcoin’s market dominance, revealing its share of the total crypto market cap and helping investors understand capital flow trends and overall confidence in Bitcoin versus altcoins.
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