🔴 1. Situation Iran: no agreement = rising tension
The USA–Iran negotiations failed after 21 hours of discussions • The main sticking point: 👉 nuclear + control of the Strait of Hormuz • Result: • enormous geopolitical uncertainty • risk of conflict resumption or military pressure • Markets have already reacted: • Gulf stock markets down • oil and inflation very sensitive to the situation
👉 And above all: experts say that the positions are too opposed for a quick agreement
$BTC $ETH $TAO The meeting will start in Pakistan the ship approaches USS George H.W. Bush 🤔📉📉📉📉a brutal drop is coming prepare yourselves for the shorts 📉📉📉📉🤔 yesterday started the crypto Tao 📉📉📉
$TAO imminent rise for $280-300 after preparing for another drop. It is necessary to set temporary stop losses and follow the market and the war in Iran as there is a possibility of canceling the ceasefire.
$TAO 📉 🔎 What happened with Covenant AI • The founder of Covenant AI, Sam Dare, has left the project related to Bittensor (TAO). • He accuses the co-founder of Bittensor (Jacob Steeves) of controlling the network solo, while it is supposed to be “decentralized”. • Basically, he says: “decentralization is theater”.
👉 So it’s a big internal conflict + loss of trust.
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📉 Why the price collapsed • Covenant AI was a key player in the project (they managed several important parts of the network). • From the announcement: • the TAO token dropped ~25% in a few hours • Investors panicked → massive sell-off → drop.
👉 Classic in crypto: • bad news = quick sell-off • emotional market
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🤔 Manipulation or not?
👉 Not necessarily organized manipulation, but:
✔️ What is real: • real conflict between founders • serious accusations (centralization, control) • direct impact on the project
⚠️ What can amplify: • traders taking advantage of the panic • wales (big holders) selling at the right time • rumors + snowball effect
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📊 Comparison with Bitcoin • Bitcoin also rises and falls sharply • BUT: • Bitcoin is more stable (huge market) • TAO / small projects = ultra volatile + sensitive to drama
👉 So yes, the behavior (it rises/falls quickly) is similar 👉 but here the cause is mainly an internal issue with the project
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🧠 Simple conclusion • ❌ This is not necessarily a pure scam • ✔️ It’s mainly: “fragile project + internal conflict + speculative market”
👉 In crypto, trust = price So as soon as it breaks → it drops sharply.
$TAO Incident on the sub-networks Covenant AI Context: Sentiment on social media turned significantly bearish on the evening of April 9, with several messages (au_xbt, RadoTsc) reporting issues on key sub-networks of Covenant AI, mentioning a "flash crash" or a possible hack. This cryptocurrency-specific fear triggered a significant sell-off, confirmed by a 73.56% increase in trading volume.
$TAO Incident on the sub-networks Covenant AI Context: Sentiment on social media turned significantly bearish on the evening of April 9, with several messages (au_xbt, RadoTsc) reporting issues on key sub-networks of Covenant AI, mentioning a "flash crash" or a possible hack. This cryptocurrency-specific fear triggered a significant sell-off, confirmed by a 73.56% increase in trading volume.
📊 Market Overview • Total Market Capitalization: 2.09 T$ → Up by +1.22% → Slightly bullish market • The chart shows: • A drop earlier in the day 📉 • Then a sharp rebound at the end of the session 📈 👉 Typical of a resurgence of buyers (buy the dip)
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🧠 Market Sentiment • Fear & Greed Index: 47 (Neutral) → Neither fear nor euphoria → Market in a phase of waiting / consolidation
👉 Important: • < 30 = fear (often opportunities) • 70 = euphoria (risk of correction) • 47 = balance → no strong signal
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🪙 Key Indices • CMC20: 148.58 $ (+1.46%) → The 20 largest cryptos are slightly up • Altcoin Index: 34/100 → Altcoins remain weak → The market is still dominated by large caps (like Bitcoin and Ethereum)
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🔥 Notable Info • News: the Ethereum Foundation reportedly sold ~8M$ 👉 Often interpreted as: • Short-term selling pressure • But not necessarily bearish long-term
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🧭 Overall Reading
👉 We are in a market: • In slight rebound • But still uncertain • With lagging altcoins
💡 Concrete Translation: • Big players are slowly accumulating • Not yet a true altseason • Fragile but positive momentum
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⚡ If you trade / invest • Short term: volatile market but recovering • Medium term: structure still neutral • Altcoins: caution, not yet confirmed
🇮🇷 Iran charges 2 million dollars per ship to cross the Strait of Hormuz and they want it in Bitcoin. 😳 or in Chinese yuan instead of USD At $72,000 per $BTC , Each ship = 27.7 BTC. Before the crisis, 130 vessels crossed each day. • Per day: 3,611 BTC • Monthly: 108,333 BTC • Annually: 1.3 million BTC The entire Bitcoin network only mines 450 BTC per day. Iran would accumulate 8 times the monthly mining supply. Every month. A sanctioned nation building a Bitcoin treasure through a toll.
🔥 What will happen this week (including Friday) • Friday → publication of the CPI (US inflation) = MAJOR event • Other data (PCE, Fed, etc.) was released just before ➡️ These announcements can move Bitcoin by ±2% to 6% quickly 
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📊 The 2 possible scenarios
🟢 Bullish scenario (📈)
If : • Inflation lower than expected • Or a more “cool” speech from the Fed
👉 Then : • The market breathes • Bitcoin can rise towards 70k+ • Cryptos follow
💡 Already seen recently: BTC touched ~70 000$ with macro optimism 
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🔴 Bearish scenario (📉)
If : • Inflation too high • Or strict Fed (no rate cut)
👉 Then : • Risk-off market (people sell) • BTC can drop back towards 66k or even less • Altcoins fall even harder
💡 Recent example: -3% in one day with geopolitical stress 
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⚠️ Current context (important) • Very fragile market (extreme fear)  • Strong correlation with the stock market • Depends a lot on: • war / geopolitics • rates of interest • liquidity
👉 Thus the market can change direction in a few hours
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🎯 Clear conclusion
➡️ Friday = key moment • Good surprise → 📈 pump • Bad surprise → 📉 dump
👉 But in any case : Expect big movements (volatility), not a calm market. #cpi #Inflation