Join Matt and Simon as they discuss the state of the crypto market, Bitcoin’s latest price action, and which altcoins are outperforming. They also cover stablecoin adoption by major payment networks, FIFA launching its own blockchain, altcoin updates, and more.

Key Takeaways

1. Bitcoin (BTC) has increased for four consecutive weeks and is holding above a key long-term support level, increasing its likelihood of breaking higher in the coming weeks. Meanwhile, BTC dominance hit another four-year high of 64.9% during the week.
2. Altcoins such as Solana (SOL), Sui (SUI) and Hyperliquid (HYPE) continue to break away from the rest of the market. Should BTC climb higher in the near term, these altcoins are best positioned to keep outperforming, in our opinion, as opposed to altcoins that lagged in recent times.
3. The main macro event this week is the U.S. Federal Reserve’s monetary policy update. While interest rates are widely expected to remain steady, investors will closely monitor Fed Chair Jerome Powell’s conference for any indications that the Fed’s stance is changing.
4. Stablecoin adoption continues to accelerate following a partnership between Visa and Bridge, a stablecoin infrastructure provider recently acquired by Stripe. The announcement came days after Mastercard announced its latest push into stablecoins.
5. Altcoin updates discussed in this episode include Ethereum’s ‘Pectra’ upgrade happening this week—its first major upgrade in over a year—and Hyperliquid adding HYPE staking tiers.

Timestamps:

00:00 Bitcoin's Resilience and Market Dynamics

03:12 Federal Reserve's Impact on Crypto Markets

06:06 Stablecoin Adoption and Major Partnerships

09:06 Apple's App Store Changes and Crypto Opportunities

12:08 Sui's Basecamp Conference Insights

14:49 Ethereum's Upcoming Upgrade and Market Sentiment

17:52 FIFA's Blockchain Shift and Industry Trends

21:01 Overrated and Underrated in Crypto