PREPARE FOR ALTCOINS TO RALLY AS BITCOIN PULLSBACK! AMAZON AI AGENT STABLECOIN WALLET!
May 8, 2026
AI Summary
5 min readBitcoin is pulling back from recent highs in a healthy correction, with host Tony Edward highlighting technical indicators that suggest potential for further upside before any deeper retreat, alongside early signs of an altcoin rally. The episode covers a range of crypto market updates, including institutional hiring, regulatory progress, exchange expansions, AI-stablecoin integrations, and a notable shift in Michael Saylor's messaging.
Bitcoin and Altcoin Technical Outlook
Edward analyzes Bitcoin's chart, noting its approach to overbought levels and a predictable pullback, as flagged in his prior episode. The MACD remains bullish, supporting the current relief rally rather than a straight-line advance to new all-time highs. Key levels include a CME gap around $84,000, the yearly open near $87,000, and possible extensions to $90,000 or beyond, though he stresses probabilities over certainties and warns markets do not move linearly.
Altcoins show promise for catching up, with Total3 (market cap excluding BTC and ETH) breaking out slightly. Bulls control the MACD, RSI is cooling on the daily chart, and Bitcoin dominance is declining—validated by multiple metrics. USDT dominance has also broken down since Bitcoin's rise, freeing liquidity for BTC and alts. Edward views this as a relief rally, not guaranteed new highs, but a positive setup if dominance trends continue.
Continue reading the full summary in the app — free to try.
Read Full Summary →Free • No credit card required
Never miss an episode of Thinking Crypto News & Interviews
Get every new episode summarized in your inbox — free, ~5 minutes to read.
No spam. Unsubscribe anytime.
What you'll learn
- 1 (01:24) **Bitcoin Pullback Overview** - Healthy correction expected after overbought zone, MACD remains bullish
- 2 (02:29) **Altcoins Set for Relief Rally** - Altcoins to catch up Bitcoin's move as BTC dominance breaks down
- 3 (03:27) **Bollinger Bands Predict Volatility** - Narrowest BTC band gap ever signals breakout, John Bollinger's fund goes long
- 4 (04:07) **Coinbase Loads Up on Bitcoin** - Buys $88M BTC in Q1 despite earnings miss, joins firms accumulating
- 5 (04:42) **Crypto Bill Yield Issue Resolved** - Sen. Hagerty optimistic on market structure legislation, Clarity Act markup next week
- 6 (06:33) **Wall Street Expands Crypto Teams** - JP Morgan, Morgan Stanley, BlackRock hire for digital assets roles with $171K-$260K salaries
- 7 (07:35) **Canton Network ETF Launch** - 21Shares files first US ETF for privacy-native blockchain backed by Citadel, Goldman Sachs
+ Full timestamped outline available in the app
Show Notes
Brought to you by 🏦 Learn about iTrustCapital’s powerful Premium Custody Account (PCA) and tax-advantaged Crypto IRA platforms https://www.itrustcapital.com/go/thinkingcrypto
💡Get the (Re)Thinking Crypto Book on Amazon - https://www.amazon.com/dp/B0D2525DYX
🖥️ Learn Crypto with Expert Commentary - http://MyCryptoCourse.com
Sponsors:
🌟 Build with BitGo - https://bitgo.com/?utm_source=thinking_crypto&utm_medium=brand&utm_campaign=sponsorship
🔐 Safely Store your Crypto with Trezor Hardware Wallets - https://affil.trezor.io/SHlz
🌟Uphold - Signup with Uphold. https://uphold.sjv.io/gbED4X Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
🖥️ Sign up with Santiment to get quality crypto metrics - https://app.santiment.net/pricing?fpr=thinkingcrypto Get 25% discount with code THINKINGCRYPTO
📰 Sign up for the Free Thinking Crypto Weekly Newsletter https://thinkingcrypto.substack.com/
✅ Become a Channel Member - https://www.youtube.com/channel/UCjpkwsuHgYx9fBE0ojsJ_-w/join
🔥 Buy Merch & support the Podcast https://my-store-574b5b.creator-spring.com/
🧙♂️Merlin - http://tinyurl.com/MerlinTCYouTube “I am a Merlin partner and get compensated for purchases made through links in this content"this content"
Follow on social media:
➡️ X(Twitter) - https://x.com/thinkingcrypto
➡️ Facebook - https://www.facebook.com/thinkingcrypto/
➡️ LinkedIn - http://linkedin.com/company/thinking-crypto
➡️ Instagram - https://www.instagram.com/thinkingcrypto/
➡️ TikTok - https://www.tiktok.com/@thinkingcrypto5
➡️ Threads - https://www.threads.net/@thinkingcrypto
➡️ Website - https://www.ThinkingCrypto.com/
🔊 Listen to content on Apple Podcasts - https://podcasts.apple.com/us/podcast/thinking-crypto-news-interviews/id1458945676
🔊 Listen to content on Spotify - https://open.spotify.com/show/221AV5A65v7uYEsuMviVKl
💼Business Inquiries💼
[email protected]
⏰ Time Stamps ⏰
00:00 Intro
00:23 Bitcoin & Altcoin analysis
03:07 Coinbase buys Bitcoin
03:32 Senator Alsobrooks Clarity Act to pass
05:33 Wall Street Crypto jobs
06:35 Canton Network ETF
07:11 Kraken Stablecoin payment acquisition
08:40 Kalshi $1 Billion raise
09:33 Amazon AI Wallet
12:40 Michael Saylor sell Bitcoin
=================================================
#Altcoins #Bitcoin #Crypto #CryptoNews #Cryptocurrency #BTC #BitcoinNews #ETF #News #Ripple #XRP #XRPNews #RippleXRP #Ethereum #EthereumNews #ETH #Solana #money #investing #trading #Altcoin #NFTs #Tokenization #Podcast #ThinkingCrypto =================================================
The Thinking C
More from this podcast
Thinking Crypto News & Interviews →