hodler

13 Apr 2026, 12:49

DJ Steve Aoki Dumps SHIB and ETH, Holds Firm on BAYC NFTs

DJ Steve Aoki has sold around $30,000 worth of SHIB and ETH, according to Arkham Intelligence. He still holds 7 Bored Ape Yacht Club (BAYC) NFTs which are now worth $13,800 each. This price drop indicates fading hype around old NFT collections. According to Arkham Intelligence, Grammy-nominated producer and DJ, Steve Aoki is quietly exiting the crypto market. The data shows that the producer and DJ has sold off roughly $30,000 worth of Shiba Inu ($SHIB) and Ethereum ($ETH), swiftly transferring the proceeds to Gemini, the regulated exchange. Steve Aoki is out of the market. Steve Aoki, DJ and former NFT Influencer, just sold $30K of SHIB and ETH, moving the proceeds to Gemini. He still holds 7 Bored Ape NFTs that he paid over $800K for in 2021. They are now worth only $13.8K each. pic.twitter.com/w4boNLm60o — Arkham (@arkham) April 13, 2026 His remaining on-chain holdings is not that significant and it includes small unknown tokens, the kind that usually stay behind in a wallet after the hype of a bull run dies down. This is not a normal sell-off because Steve Aoki was somebody who promoted NFT s back in its prime. He was part of the 2021 boom with “to the moon” tweets, NFT events and big name collaborations that made digital art feel like a celebrity trend. Now, as the market is slowing down, with this news, it is clear that he is selling whatever is left and is parting his way with crypto. But the real story and the real loss is in what he still holds and that is seven Bored Ape Yacht Club NFTs. From Hype to Heavy Losses Aoki scooped up the existing NFTs at the market’s feverish peak in 2021, dropping over $800,000 total. Each one fetched top dollar amid frenzy, with BAYC floor prices soaring past $400,000 ETH equivalent. Celebrities like Eminem, Snoop Dogg, and Justin Bieber piled in, fueling a cultural momentum where owning a pixelated monkey meant access to exclusive events, merch drops, and supposed “blue-chip” investment. Fast-forward to today, those same Apes now trade at a heartbreaking $13,800 per piece on marketplaces like OpenSea. That’s a 98% wipeout on his collection, nearly $1 million evaporated. Aoki’s not the only one, BAYC’s floor has cratered from its all-time high, mirroring the broader NFT market’s 90%+ decline since the bull run. Trading volumes, once in the billions, now limp along in the low millions monthly. Aoki’s journey with BAYC was peak NFT summer. He threw Ape-themed raves, minted his own collections, and even launched “ Steve Aoki Universe ” NFT tied to his music empire. In 2021 interviews, he even gushed about the tech’s revolutionary potential, blending EDM beats with blockchain bragging rights. However, as Ethereum gas fees spiked and hype deflated, the shine wore off. Why Old NFT Narratives Struggle to Regain Momentum According to waleswoosh , a well-known CT personality, the Steve Aoki situation is just another example of why old NFT metas struggle to recover. The reason old metas never come back is that the illusion is gone. The most common thing you hear from bagholders is “next time it trades that high, I’ll sell”. But that’s exactly why it will never trade that high again. It needs the illusion of “higher”. Bored Apes reaching… — wale.moca 🐳 (@waleswoosh) April 13, 2026 He argues that once the illusion of endless upside is broken, it’s almost impossible to recreate it. In cases like Steve Aoki, where sentiment has already cracked, the psychology shifts completely, from excitement to exit liquidity. The most common mindset among holders becomes: “if it gets anywhere near previous highs, I’m selling.” And that ironically, is exactly what prevents prices from ever reaching those highs again. Moreover, waleswoosh explains that major runs, like Bored Ape Yacht Club touching extreme valuations, were only possible because people believed prices could go much higher. Similarly, meme coins reaching billion-dollar valuation depended on a shared belief that the market was still early. But in situations like Steve Aoki’s, that belief is already broken, holders are now more defensive than optimistic and any upside is likely to be met with selling pressure. In his view, once price discovery is “done”, the speculative premium disappears. What remains is a market full of participants waiting to exit, not chase higher prices. He also adds that this applies broadly across collections like Azuki and Doodles, where a return to all-time highs would likely trigger mass selling rather than a renewed hype. Final Thought Steve Aoki’s exit highlights how drastically sentiments have shifted since the NFT boom. As waleswoosh points out, once the belief is broken, markets lose their fuel. Without fresh narratives or strong demand, even top collections like Bored Ape Yacht Club struggles to reclaim past highs. Also Read: Web3 Gaming NFTs Now Officially Non-Securities Under US Law

13 Apr 2026, 12:45

USD/CAD Holds Steady: Surging Oil Prices and Hawkish Fed Expectations Create Tense Standoff

BitcoinWorld USD/CAD Holds Steady: Surging Oil Prices and Hawkish Fed Expectations Create Tense Standoff The USD/CAD currency pair demonstrates remarkable stability, holding essentially flat as two powerful economic forces—surging crude oil prices and increasingly hawkish Federal Reserve expectations—engage in a tense offsetting battle that has captured global market attention. This equilibrium reflects the complex interplay between commodity-driven economies and central bank monetary policy divergence, creating a fascinating case study in modern forex dynamics. Market participants globally now watch this standoff closely for signals about broader economic trends. USD/CAD Maintains Flat Trajectory Amid Conflicting Forces The USD/CAD exchange rate currently shows minimal movement despite significant underlying market volatility. This stability emerges from precisely balanced opposing pressures that neutralize each other’s directional influence. On one side, rising crude oil prices typically strengthen the Canadian dollar, given Canada’s status as a major oil exporter. Conversely, expectations of more aggressive Federal Reserve tightening generally bolster the US dollar against most global currencies. These competing forces have created what analysts describe as a “perfect equilibrium” in the currency pair, with neither side gaining decisive advantage in recent trading sessions. Historical data reveals this dynamic represents a departure from traditional correlations. Typically, either oil prices or Fed policy would dominate short-term currency movements. However, the current environment features both factors operating at unusual intensity simultaneously. This creates a unique analytical challenge for traders and economists attempting to forecast near-term direction. The Bank of Canada’s own policy trajectory adds further complexity to this already intricate equation. Surging Oil Prices Provide Substantial CAD Support Global crude oil markets have experienced significant upward pressure throughout recent months, with Brent and WTI benchmarks both showing substantial gains. Multiple factors drive this sustained increase, including geopolitical tensions in key producing regions, constrained OPEC+ supply policies, and stronger-than-expected global demand despite economic headwinds. For Canada, the world’s fourth-largest oil producer, these price movements translate directly into improved trade balances and government revenues. The correlation between oil prices and the Canadian dollar remains fundamentally strong, though not perfectly linear. Higher crude prices typically increase foreign demand for Canadian dollars needed to purchase Canadian oil exports. This dynamic supports the loonie through both direct currency conversion and improved economic fundamentals. Recent data from Statistics Canada confirms this relationship, showing a marked improvement in the country’s trade surplus as energy exports gain value in international markets. Geopolitical and Supply Factors Driving Oil Markets Several specific developments contribute to current oil market strength. Production discipline among OPEC+ members continues to limit global supply, while unexpected disruptions in several non-OPEC regions have further tightened inventories. Simultaneously, geopolitical uncertainties in the Middle East and Eastern Europe create premium pricing for crude as markets price in potential supply risks. These factors combine to create a supportive environment for commodity-linked currencies like the Canadian dollar, providing a solid floor beneath the USD/CAD pair despite other bearish pressures. Hawkish Federal Reserve Expectations Bolster USD Across the border, shifting expectations regarding Federal Reserve policy create substantial support for the US dollar. Recent economic data, particularly concerning inflation and labor markets, suggests the US central bank may maintain restrictive monetary policy for longer than previously anticipated. Market participants now price in fewer interest rate cuts for 2025 compared to forecasts from just months ago, with some analysts even discussing potential additional tightening should inflation prove persistent. This hawkish repricing directly benefits the US dollar through multiple channels. Higher expected US interest rates increase the relative attractiveness of dollar-denominated assets, encouraging capital inflows. Additionally, reduced expectations for near-term monetary easing diminish one traditional headwind for the currency. The dollar’s status as a global safe-haven currency further amplifies these effects during periods of economic uncertainty or market volatility. Key factors influencing Fed policy expectations include: Persistent services inflation exceeding target levels Robust labor market data showing continued wage growth Stronger-than-expected consumer spending figures Upward revisions to GDP growth projections The Interest Rate Differential Calculus The relationship between US and Canadian interest rate expectations forms a crucial component of USD/CAD valuation. Historically, widening rate differentials in favor of the United States have correlated with USD strength against the loonie. Current market pricing suggests this differential may stabilize or even expand slightly in coming months, providing underlying support for the US side of the currency pair. However, the Bank of Canada faces its own inflation challenges and may resist allowing too large a policy divergence to develop, creating additional complexity for forecasters. Technical Analysis Reveals Consolidation Pattern Chart analysis of the USD/CAD pair shows clear consolidation within a well-defined range. The currency has repeatedly tested both upper and lower boundaries without achieving sustained breakout in either direction. This technical pattern visually reflects the fundamental standoff between oil-driven CAD strength and Fed-driven USD support. Trading volume patterns indicate neither bulls nor bears have established clear dominance, with positions frequently reversing at key technical levels. Several important technical levels warrant monitoring. Resistance appears firm near recent highs, while support holds around psychologically significant round numbers. Moving averages have converged significantly, indicating reduced directional momentum. Oscillators similarly show neutral readings, lacking clear overbought or oversold signals that might precede decisive moves. This technical environment suggests continued range-bound trading until one fundamental driver achieves clear dominance. Key Technical Levels for USD/CAD Level Type Significance 1.3850 Resistance Year-to-date high, multiple rejections 1.3650 Support 200-day moving average, psychological level 1.3750 Pivot Current consolidation midpoint Broader Market Implications and Correlations The USD/CAD standoff carries implications beyond direct forex trading. This equilibrium affects multinational corporations with cross-border operations between the United States and Canada, as currency stability reduces hedging costs and uncertainty. Additionally, the balanced forces suggest neither country’s economy currently demonstrates overwhelming relative strength, indicating a period of economic convergence rather than divergence. Other currency pairs show related dynamics, though rarely with such precise offsetting forces. The Australian dollar, another commodity-linked currency, faces similar tensions between resource prices and global monetary policy. However, Australia’s different commodity mix and central bank approach create distinct outcomes. Meanwhile, major European currencies contend more directly with Fed policy without the commodity offset, resulting in clearer directional trends against the US dollar. Risk Sentiment as Potential Catalyst Global risk appetite represents a potential catalyst that could break the current USD/CAD deadlock. During “risk-on” market environments, commodity currencies like the Canadian dollar often outperform as investors seek growth-oriented assets. Conversely, “risk-off” sentiment typically benefits the US dollar’s safe-haven status. Current mixed signals regarding global economic growth create uncertainty about which regime might dominate coming months, adding another layer to the currency pair’s complex valuation equation. Conclusion The USD/CAD currency pair remains trapped in a narrow range as surging oil prices and hawkish Federal Reserve expectations exert precisely offsetting forces. This equilibrium reflects sophisticated market pricing of competing economic narratives, with neither Canada’s commodity advantage nor America’s monetary policy stance achieving clear dominance. Market participants should monitor both crude oil dynamics and Fed communications closely, as shifts in either factor could catalyze meaningful USD/CAD movement. Until then, the tense standoff continues, offering both challenges and opportunities for forex traders navigating these complex crosscurrents. FAQs Q1: Why does the USD/CAD pair not move when oil prices rise? The USD/CAD remains flat despite rising oil prices because simultaneous hawkish Federal Reserve expectations strengthen the US dollar, offsetting the Canadian dollar’s typical commodity-driven gains. Q2: How do Federal Reserve expectations affect the USD/CAD exchange rate? Expectations of higher US interest rates or delayed rate cuts increase demand for US dollars as investors seek higher yields, creating upward pressure on USD/CAD that counteracts other factors. Q3: What would cause the USD/CAD to break out of its current range? A decisive shift in either oil prices or Fed policy expectations could break the equilibrium. Alternatively, unexpected economic data from either country or changes in global risk sentiment might provide sufficient catalyst. Q4: How does the Bank of Canada factor into this equation? The Bank of Canada’s own interest rate decisions influence the interest rate differential between the two countries. If the BOC becomes more hawkish relative to the Fed, it could strengthen the CAD and push USD/CAD lower. Q5: What other currency pairs show similar dynamics to USD/CAD? The AUD/USD often demonstrates similar tensions between commodity prices (particularly metals) and US monetary policy, though with different weightings and correlations than the Canadian dollar exhibits. This post USD/CAD Holds Steady: Surging Oil Prices and Hawkish Fed Expectations Create Tense Standoff first appeared on BitcoinWorld .

13 Apr 2026, 12:45

Dogecoin consolidates amid renewed institutional interest

The cryptocurrency market is bearish on Monday after the poor performance recorded on Sunday. Bitcoin is trading below $71,000, while Ether risks dropping below $2,100 if the bearish trend persists. Meanwhile, Dogecoin, the leading memecoin by market cap, is holding steady around $0.09000 at press time on Monday, after losing over 2% on the previous day. The consolidating performance comes as institutional demand for Dogecoin surged on Friday, with its largest inflow ever. The leverage market also shows mixed sentiment, while the momentum indicators lean bearish as DOGE tapers within a descending triangle pattern. Institutional demand for Dogecoin returns Sentiment toward Dogecoin is mixed due to the ongoing US-Iran conflict over control of the Strait of Hormuz. On Friday, DOGE-focused Exchange Traded Funds (ETFs) recorded $1.34 million in inflows, marking their largest inflow ever after 18 consecutive days of zero net flows. The return of institutional interest marks its fifth daily inflow since inception and solidifies near-term confidence. However, derivatives data show mixed sentiment among leveraged traders in the market. CoinGlass data shows DOGE futures Open Interest (OI) stands at $1.18 billion, rising over 1% in the last 24 hours, indicating an increase in the notional value of outstanding DOGE contracts. Meanwhile, the bulls have yet to take full control of the market as the OI-weighted funding rate fluctuates around the zero line. Currently, the DOGE funding rate is positive at 0.0029%, suggesting a near-term bullish bias. Technical outlook: Will DOGE rally above $0.1? Similar to other major cryptocurrencies, the DOGE/USD 4-hour chart remains bearish and efficient. DOGE’s price has been consolidating over the past few days, trading between the $0.09779 and $0.08810 regions since March 28. At press time, DOGE is trading below the 50-day Exponential Moving Average (EMA) at $0.0957, capping the upward movement in the near term. The bottom support of the triangle pattern aligns with the February 11 low at $0.0879. If the daily candle closes below this crucial support, it could threaten the February 6 low at $0.0800. On the flip side, the 100-day EMA at $0.1074 and the 200-day EMA at $0.1295 reinforce a broader downbeat structure. The momentum indicators suggest that the buyers are slowly regaining control of the market. The Moving Average Convergence Divergence (MACD) indicator hovers marginally in positive territory, and the Relative Strength Index (RSI) around 45 suggests only modest downside pressure rather than a strong recovery impulse. If the bulls regain control, they would encounter immediate resistance at the 50-day EMA near $0.0957. A daily candle close above this level would be needed to ease the current bearish pressure and open the way toward the 100-day EMA at $0.1074. An extended bullish scenario could play out in the medium term and allow DOGE to rally towards the 200-day EMA at $0.1295. The ongoing conflict in the Middle East will continue to affect the broader crypto market in the near to medium term. The post Dogecoin consolidates amid renewed institutional interest appeared first on Invezz

13 Apr 2026, 12:37

The Bitcoin Cycle No One Wants To Admit: Boom, Bust, Repeat

The bitcoin cycle spans four years and is driven by the process in which the reward per block is halved. Half the supply, double the price.

13 Apr 2026, 12:32

XRP ETFs record strongest weekly inflows in 2 months

The institutional appetite for XRP through United States spot exchange-traded funds ( ETFs ) rebounded strongly last week. The U.S. spot XRP ETFs posted a total cash inflow of $11.75 million last week, the highest since the first week of February 2026, according to metrics from SoSoValue . As such, this basket of exchange securities had approximately $968.15 million in net assets as of April 13. U.S. Spot ETF weekly flows. Source: SoSoValue The Bitwise XRP ETF (XRP) registered the highest weekly cash inflow of about $9.52 million, thus increasing its net assets to $276.27 million at press time. Additionally, the Franklin XRP ETF (XRPZ) reported inflows of $2.90 million last week, its largest since the last week of February. Meanwhile, the 21Shares XRP ETF ( TOXR ) continued its weekly outflow, with investors selling $661.16k worth of its shares last week, thereby reducing its net assets to approximately $142 million at the time of publication. Why is the altcoin down amid renewed institutional appetite via XRP ETFs? Although spot ETFs for this token recorded their highest cash inflows in 8 weeks last week, the altcoin’s price fell by more than 2% to trade around $1.33 on Monday. As a result, the token’s market capitalization declined to roughly $81.3 billion at the time of reporting. XRP/USD 7-day performance. Source: Finbold The most likely contributor to XRP’s price decline amid a notable demand from institutional investors is significant retail capitulation, as Finbold previously reported . Moreover, the broader macroeconomic and near-term market uncertainty has pushed fear, uncertainty, and doubt (FUD) metrics to historically elevated levels. If U.S. spot ETFs maintain their current trajectory of positive weekly inflows, XRP could be positioned for a bullish recovery in the near term. This outlook is especially likely if the token clears the near-term resistance range between $1.38 and $1.40. The post XRP ETFs record strongest weekly inflows in 2 months appeared first on Finbold .

13 Apr 2026, 12:32

Shiba Inu nears top 30 exit as market competition intensifies

Shiba Inu continues to face growing pressure in the global crypto market. The token struggles to maintain its position amid rising competition from alternative digital assets. Market rankings now show tighter gaps between several mid-cap cryptocurrencies. Investor attention shifts as performance differences narrow across the sector. Shiba Inu holds 29th rank as rivals close in Shiba Inu ranks 29th in the global cryptocurrency market with a market cap of about $3.39 billion. Cronos (CRO) follows closely in 30th position with a valuation of roughly $2.89 billion. Market data shows a small gap between the two assets, increasing the risk of ranking changes. Above SHIB, Toncoin holds 28th place with a market cap of $3.5 billion. Sui sits in 27th position at around $3.57 billion. Hedera occupies 26th place with an estimated valuation of $3.69 billion. These close valuations keep pressure on Shiba Inu's ranking stability. SHIB must sustain upward momentum to avoid slipping further. A stronger rally could help it maintain a top-30 position. However, stagnant price action across competing assets could also quickly shift rankings. The crypto market cap structure continues to show tight competition across mid-tier tokens. SHIB price performance weakens amid ecosystem concerns Shiba Inu price performance reflects sustained weakness in 2026 trading. SHIB has dropped 15.93% year-to-date, moving from $0.000006904 to about $0.000005804. The token also fell 2.3% over the past month and 3.57% over the last week. At the time of writing, SHIB traded at $0.00000609, up 6.01% over 24 hours. Market sentiment remains under pressure amid ongoing declines. Shiba Inu launched in August 2020 and surged during the 2021 meme coin rally. It previously entered the top 10 cryptocurrencies and briefly surpassed Dogecoin. The token reached an all-time high of $0.00008845 during the 2021 cycle. Since then, SHIB has lost momentum as investor focus shifted toward utility-driven projects. Lead developer Shytoshi Kusama has hinted at upcoming developments that could push SHIB toward the top five. However, those expectations remain unrealized in current market conditions. Critics point to weakening ecosystem growth as a key concern. Projects such as Shib, the Metaverse, and the NFT marketplace have stalled. Community engagement has also declined compared to earlier cycles. Shiba Inu burn activity remains limited despite ongoing supply reduction efforts. The community burned 6.33 million SHIB in the past 24 hours. This figure remains small against a circulating supply of 589.16 trillion tokens. As a result, market participants continue to debate SHIB’s long-term recovery potential.