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PLUS: Wild day
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GM to all of you nutcases. It’s Crypto Nutshell #593 goin’ dark… 🌚🥜
We're the crypto newsletter that's more intense than racing through the multiverse to fix a fractured reality... 🌐💥
What we’ve cooked up for you today…
📰 Fake news
🏠 He’s selling his house
📉 Outflows are back
💰 And more…
Prices as at 4:55am ET
FAKE NEWS 📰
BREAKING: Bitcoin Pops and Drops as Markets Swing Wildly on Tariff News
Yesterday will go down as one of the wildest days in market history.
We were expecting volatility - but no one saw this coming.
It all kicked off with a post on X from the account “Walter Bloomberg,” claiming Trump was considering a 90-day pause on tariffs (excluding China).
The original post
Then things escalated fast.
Mainstream outlets like CNBC and Reuters ran with it.
Within minutes, markets exploded:
S&P 500 soared 8%
Nasdaq jumped 9.5%
Bitcoin shot from $74.4K to $80.8K
ETH and XRP rallied over 10%
But…
The White House quickly stepped in, calling the story “fake news.”
Markets reversed almost instantly - Bitcoin and equities flipped red again.
Here’s a full timeline of this fake news fiasco:
And just when the chaos seemed to settle, the real news dropped:
Trump is threatening to add an additional 50% tariff on China, if they don’t drop their retaliatory 34% rate by today.
If that happens, the U.S. would be stacking a total 104% tariff on Chinese imports
But China isn’t backing down.
Here’s what their Commerce Ministry had to say in response to Trump’s announcement:
"China will never accept this… If the US insists on going its own way, China will fight it to the end."
The trade war is well and truly heating up now…
Despite all of this, Bitcoin is up ~+5.96% on the day, with altcoins doing even better.
But here’s the most important takeaway:
A fake 90-day pause sent markets vertical.
Now imagine what happens when a real deal gets done. 🚀
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HE’S SELLING HIS HOUSE 🏠
Jesse Eckel just dropped a bombshell:
“I’m literally in the process of selling my house and deploying every cent I have into the market.”
Why?
Because despite this week's crash - he sees a new Bitcoin all-time high by year-end.
The writing’s on the wall.
And this isn’t coming from just anybody...
Jesse went from being unemployed in 2020… to building a crypto portfolio worth $1.7 million by the end of that bull run.
And when crypto hit the floor in late 2022?
He was screaming for people to buy:
Now?
He’s doubling down harder than ever.
Selling his house, going all-in.
This is the same guy who called the last bottom. And he’s betting this one’s even bigger.
Zoom out. Build conviction.
No one knows exactly when the market turns — but it always does.
These prices won’t last forever.
And neither will the opportunity.
Are you focused on the fear?
Or what comes after? 🌅
OUTFLOWS ARE BACK 📉
You probably saw this coming…
Last week digital asset funds experienced outflows totalling $240 million.
Let's break it down.
The outflows were primarily focused on Bitcoin, with $207 million exiting over the week.
Ethereum followed with net outflows of $37.7 million.
Whilst altcoin sentiment was mixed…
XRP saw net inflows of $4.5 million.
Whereas Sui and Solana also saw outflows of $4.7m and $1.8m respectively.
The U.S. saw the largest outflows of the week with $210 million.
Germany, Switzerland and Sweden followed with outflows of $17.7m, $8.3m and $7.1m respectively.
Meanwhile, Canada and Brazil saw inflows of $4.8m and $1.4m respectively.
None of this is shocking.
With the way markets have been moving - and Trump’s trade war still escalating - capital is clearly spooked.
And if things don’t calm down soon, we expect more outflows this week. Maybe worse.
But here’s the thing…
Despite all this, Bitcoin is still holding up better than you'd think.
And like we’ve been saying - this is all just noise.
The bigger picture is still intact.
CRACKING CRYPTO 🥜
SEC assembles ‘Suicide Squad’ of former critics for crypto roundtable. The SEC's crypto roundtable embraces former adversaries in a strategy shift toward collaboration over enforcement.
Strategy Didn't Add Bitcoin Last Week, Expects to Book $6B Loss on Holdings in Q1. This follows the adoption of new accounting rules requiring crypto assets to be marked to market.
Galaxy Digital gains SEC approval for Delaware move; Nasdaq listing expected in May. The firm said it plans to list on Nasdaq next month, under ticker GLXY.
Lawyer sues US homeland dept to probe supposed Satoshi Nakamoto meeting. Crypto lawyer James Murphy has sued the US Department of Homeland Security to force the agency into disclosing whom it believes is Bitcoin’s creator, Satoshi Nakamoto.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
p.s. all completely FREE (one click subscribe link)
Raremints (link) - Daily crypto news
Bitcoin Breakdown (link) - Daily Bitcoin news
Techpresso (link) - Daily tech news and insights
The Hustle (link) - Get Smarter on Business and Tech
Your Next Breakthrough (link) - Personal growth with Mark Manson
The Neuron (link) - AI trends and tools to keep you ahead
CAN YOU CRACK THIS NUT? ✍️
Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)
What is the primary function of a Bitcoin node? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: Storing the blockchain and validating transactions 🥳
A Bitcoin node, which can be any computer running Bitcoin software, validates and relays transactions across the network, storing a complete copy of the blockchain
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DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.
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