THE ALTCOIN RALLY HAS STARTED & CLARITY ACT MARKUP NEXT WEEK!
May 9, 2026
AI Summary
5 min readThe episode examines early signs of an altcoin relief rally following Bitcoin's recent stabilization, alongside regulatory momentum from the Clarity Act and BlackRock's expansion into tokenized funds. Host Tony Edward analyzes charts and metrics for balanced probabilities rather than firm predictions, while noting positive liquidity shifts and external correlations.
Altcoin Rally Indicators
Bitcoin has recovered above $80,000 after dipping to around $78,000, with daily MACD signaling bull control and RSI indicating room for upside. Edward points to a CME gap near $84,000 and potential overshoots to $87,000-$90,000, though he stresses this aligns with prior discussions of no major downturn expected yet. Altcoins show rotation as Bitcoin cools: Total3 market cap is breaking out after consolidation, exemplified by Ondo's sharp pump from months of sideways action (now overheated, likely for pullback). Bitcoin dominance is declining, USDT dominance is falling (freeing stablecoin liquidity into markets), and crypto market cap excluding the top 10 is also breaking out—suggesting liquidity reaching mid- and lower-tier altcoins. Edward views this as a relief rally post-downside completion, with new all-time highs more probable next year than soon; he welcomes being wrong if portfolios benefit, but cites charts over emotions.
Stock Market Correlation and Risks
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What you'll learn
- 1 (00:53) **Bitcoin Price Recovery** - BTC bounces above 80K after 78K pullback, MACD and RSI show bull control
- 2 (01:43) **Altcoin Relief Rally Begins** - Total3 breaks out as BTC cools, liquidity rotates to alts
- 3 (03:08) **Bitcoin Dominance Breaks Down** - BTC dominance drops, alts wake up; USDT dominance falls as liquidity returns
- 4 (04:22) **Stock Market Correlation** - S&P 500 hits new ATHs, MACD bullish but Nasdaq/S&P in overbought RSI
- 5 (05:15) **Mid/Low-Cap Altcoins Stir** - Crypto market cap excluding top 10 breaks out, liquidity hits smaller alts
- 6 (05:41) **Clarity Act Markup Confirmed** - Senate schedules May 14th at 10:30AM, advances crypto legislation
- 7 (06:37) **Upcoming Interview Tease** - Host previews Cody Carbone (Digital Chamber) on Clarity Act and Bitcoin reserve
+ Full timestamped outline available in the app
Show Notes
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⏰ Time Stamps ⏰
00:00 Intro
00:24 Bitcoin & Altcoin analysis
05:11 Clarity Act Markup
10:01 BlackRock Tokenization Ethereum =================================================
#Altcoins #ClarityAct #Crypto #CryptoNews #Cryptocurrency #Bitcoin #BTC #BitcoinNews #ETF #News #Ripple #XRP #XRPNews #RippleXRP #Ethereum #EthereumNews #ETH #Solana #money #investing #trading #Altcoin #NFTs #Metaverse #Podcast #ThinkingCrypto =================================================
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