BITCOIN PUMPS TO $79K & ALTCOINS ARE SET TO FOLLOW! NEW $700 MILLION CRYPTO FUND!
April 23, 2026
AI Summary
5 min readBitcoin surged past $79,000 before settling at $78,300, extending a relief rally that began after the asset bottomed near $58,000 in October 2025. The move comes as the weekly chart shows a bullish MACD cross and the RSI climbing out of oversold territory, though host Tony Edward cautioned that the rally could still roll over before a sustained uptrend resumes. Meanwhile, a flurry of institutional developments — including a $700 million crypto fund raise, a new ETF from market maker GSR, and signals from the SEC on tokenized securities — suggest the infrastructure for the next cycle is being built, even as banks push back on stablecoin regulation.
Bitcoin's relief rally and the case for caution
Bitcoin's climb from $58,000 to $78,300 has been "slowly and steadily grinding through a wall of worry," Edward said, noting that negative funding rates on longs and shorts have fueled short squeezes. The daily chart still has room to run — the RSI is not yet overbought, and the MACD has not flipped bearish. A CME gap at $82,000 to $84,000 could pull prices higher, possibly overshooting to $90,000 before any pullback.
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What you'll learn
- 1 (01:23) **Bitcoin Relief Rally to $79K and Technical Outlook** - Bitcoin surges past $78K and $79K, currently trading at $78,300, continuing the relief rally from the $58K bottom.
- 2 (05:12) **Funding Rates, USDT Dominance, and Altcoin Outlook** - Negative Bitcoin funding rates are sparking short squeezes, and USDT dominance breaking down signals liquidity moving into Bitcoin and altcoins.
- 3 (07:02) **Midterm Election Thesis and Potential for New All-Time Highs** - Some analysts suggest October 2025 was a mid-cycle top, and new all-time highs could come later this year.
- 4 (08:37) **Trump-Linked American Bitcoin Shares Spike on Mining Expansion** - American Bitcoin, tied to Donald Trump's family, adds nearly 11,300 new mining rigs, boosting share price 12% to $1.38.
- 5 (11:24) **GSR Launches First Crypto ETF on NASDAQ for Bitcoin, Ether, and Solana** - GSR, a major crypto market maker, launches the GSR Crypto Core ETF offering exposure to the top three tokens.
- 6 (14:50) **Blockchain Capital Seeks to Raise $700 Million for New Crypto Funds** - The venture capital firm is raising for its seventh early-stage fund and second growth fund, already deploying capital.
- 7 (16:08) **Banks Seek to Slow Implementation of Crypto's Genius Act on Stablecoin Oversight** - The American Bankers Association and other groups are lobbying to delay stablecoin regulations, trying to block stablecoin yield.
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Show Notes
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⏰ Time Stamps ⏰
00:00 Intro
00:25 Bitcoin analysis
07:38 American Bitcoin expansion
09:24 GSR ETF BTC ETH Solana
12:50 Blockchain Capital Crypto Fund
14:09 Banks Genius Act slowdown
15:37 SEC Tokenization exemption
16:35 Russia Crypto Bill
18:22 Thailand Crypto Futures
20:12 Stellar MoneyGram
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