It’s been a tough week for crypto markets as we saw the largest daily net outflow from the 11 tracked Bitcoin ETFs, amid tension in markets in anticipation of the FOMC meeting on May 1st where the powers that be set the interest rates for US banks.

Well, May 1st has been and gone. Interest rates remained unchanged between 5.25 - 5.50% for the 6th consecutive FOMC meeting, with the Fed suggesting that they won’t reduce rates until inflation has dropped to 2%. While markets reacted poorly after the head of the Federal Reserve, Jerome Powell made his speech, we have since seen a bounce with Bitcoin showing signs of strong buy pressure particularly on the daily chart.

This week we’re featuring the biggest dippers graphic for those optimistic about the market, seeking opportunities.

In other news,

MicroStrategy is building a new DID (decentralized ID) protocol on Bitcoin called Orange which will use “Ordinals-like Inscriptions” on the Bitcoin network. This is somewhat similar to the Metallicus Identity protocol which you can use today.

Bitcoin miners amassed the second-highest monthly revenue of the past year earning a very impressive $1.79 billion.

Coinbase reported their earnings for Q1 2024 with a mighty $1.6B revenue, up 122% from last year and higher than the $1.34B expected.

Remember you can Dollar Cost Average into your favorite digital assets using recurring buys on Metal Pay and go in to win $50 in Bitcoin with Metal Pay Mondays!

Metal Pay has had Dollar Cost Averaging feature with recurring buys since 2022