Bitcoin Achieves Second Consecutive Month of Gains

Bitcoin (BTC) closed off the month of April ahead by 14.45%, marking two months in a row of gains and correcting for the previous two months of losses.

The crypto market is bullish for the start of May.
The crypto market is bullish for the start of May.

Bitcoin was up overall for the month of April and started May off with a bang by jumping 2.53% and climbing to $78,175 (BTC/USD). The coin is benefitting from a crypto market upswing brought on by falling oil prices and rising stock prices. However, the fear gauge (VIX) climbed 5.5% recently and indicates a volatile market.

[[BTC/USD]]

The cryptocurrency market is broadly bullish Thursday morning, with Ethereum (ETH) up by 2.09% and XRP (XRP) gaining 1.72%. Dogecoin (DOGE), Hyperliquid (HYPE), and Cardano (ADA) are all climbing high as well, but investors should be wary of fragility and volatility in the market while fluctuating oil prices (caused by Middle East unrest) still factor into the crypto market’s movements.

Bitcoin Recovered from Recent Dropoff

The BTC rate has been uneven this week, falling from $79K to $75K, but it rebounded sharply over the past few days to make back most of its losses. Now, the coin is riding high on improved market sentiment and a generally bullish financial environment. It is on good footing for the start of the new month, and the coin tends to do well at this time each month. In fact, 75% of the time, Bitcoin climbs higher as each new month begins.

With the BTC price on the mend and stock markets up for the day so far, Bitcoin could perform well going into the weekend. What is holding the coin back for now is the ongoing Middle East fighting that has tensions high and investors acting risk averse. The coin is also hindered by the Federal Reserve’s decision to hold off on more interest rate cuts. The policy meeting this week left the Fed split on where to go, and this may be Jerome Powell’s last meeting with them. He has held a hawkish stance for much of his tenure, and President Donald Trump has been trying to oust him since taking office for his second term.

If Powell leaves the Fed soon, the remaining chair members could become more dovish and toe the line that Trump wants. That could give Bitcoin a boost as more interest rate cuts happen. For now, we anticipate mildly upward movement for the coin that could see it pass $80K over the weekend.

Sandisk Q3 Results Are In, and Blockbuster 97% Gains Will Push This Stock into the Stratosphere

After the closing bell on Wednesday, Sandisk (SNDK) reported their Q3 earnings with an increase of 97% in revenue and a very positive outlook for the fourth quarter.

Sandisk high performance NAND storage are in high demand.
Sandisk high performance NAND storage are in high demand.

Sandisk beat Wall Street expectations for their Q3 earnings with a GAAP net income of 3.61 billion and overall revenue for the quarter at $5.95 billion. Their earnings per share (EPS) came in at $23.41 compared to the expected $14.66, and yet their stock fell on Thursday.

SNDK stock was down in premarket trading for Thursday but quickly righted itself and jumped 1.8% compared to where it was 24 hours earlier. We anticipate that this stock will continue to climb despite a subdued stock market environment and a climbing VIX fear gauge.

A Bullish Quarter for Sandisk

Early reports showed that Sandisk stock was in decline, and that played to the fears that AI-related stocks perform poorly at quarterly earnings time. The quick turnaround of the stock tells a different story, and Sandisk is already outperforming the market average.

For Thursday, the Nasdaq Composite with its technology focus is up 0.94% for the day at the time of writing, and the somewhat tech focused S&P 500 is up 0.75%. Later in the day, Sandisk may pull even further ahead of the market average as its tremendous quarterly performance is scrutinized more closely.

After climbing 332% for the year so far, Sandisk is at risk of peaking soon. The company has climbed so quickly and so high in both revenue and stock value that they may run out of space to grow in the near future. However, the company is getting much of its growth from the AI market, and companies need powerful storage that Sandisk supplies with their high performance NAND storage devices.

Because of the extremely high demand for their storage products and the recent industry shortages, Sandisk has been able to increase their prices. The high demand has created a super cycle that caused the market to explode in recent months. Despite Sandisk’s huge market share, there is enough room for competitors to perform well too and still allow Sandisk to make extraordinary revenue gains at the same time.

The company moved to higher value customers over the last quarter, focusing on those with exceptional needs that Sandisk was positioned to meet. Their Datacenter arm grew by 233%, offering solid state drives (SSDs) to mostly customers working in the AI field, all of whom would have need for high storage capacity components.

For the coming quarter, Sandisk expects revenue between $7.75 billion and $8.25 billion. Their anticipated net income per share to be around $31, and we expect their stock price to surge higher than ever in the coming days.

 

Stock Market Roundup- Fear Gauge Climbed 5.5%

U.S. stock futures were mostly flat for Wednesday as the session closed off, but energy stocks offered a lone bright spot while the fear index rose 5.5%.

The fear gauge is showing increased volatility for the market.
The fear gauge is showing increased volatility for the market.

Stock indices were mixed Wednesday at the close of trading, with the Dow down 0.6% and the Nasdaq and S&P 500 remaining practically flat. A few energy stocks propped up the market, and the CBOE Volatility Index (VIX), the market’s fear gauge, moved up 5.5%, indicating increased volatility and greater hesitation from investors to engage with the market.

Crude oil prices rose, helping energy stocks look healthy after some steep decline in the previous session. Brent crude oil is up 6.85% over the last five days, and the benchmark West Texas Intermediate added 8.4% in the same period, making back some of the losses from the previous week.

Volatility Fears Push Fear Index Higher

Even though a few energy stocks performed well on Wednesday, the indices either stalled or fell for the day. Shell (SHELL) added 1.80% for Wednesday, and Chevron (CVX) gained 0.57%. Enbridge (ENB) was one of the big energy winners for the day, with gains of 3.74% as the Canadian powerhouse continued its long history of consecutive stock increases. For the past 30 months, this stock has climbed.

But the VIX fear gauge tells a story about a market that is in a fragile place. Even with the S&P 500 and Nasdaq near all-time highs, they are not remaining bullish from day to day. News that the VIX is rising could suppress trade and keep investors from making bold moves or risky ventures. The higher that gauge moves, the less likely the market is to see quick upswings and strong surges from even the most reliable stocks.  

The fear gauge rose to 18.8, and total traded shares were down by 7.8% compared to the average of the last 20 days. The overall number of decliners far outweighed advancers on the stock indices, pointing toward sluggish trading and perhaps even the start of a bear trend.

Thursday market movement for early hour trading is fairly negative so far. Advanced Micro Devices (AMD), which surged on Wednesday, pulled back early Thursday with a loss of 1.48%. Micron Technology (MU) fell as well, losing 1.59% as semiconductor stocks felt the weight of market correction. Energy stocks may pull back as well throughout the day, since oil prices started falling early Thursday.

Ethereum Price Prediction Following Market Reversal

The cryptocurrency market fell sharply on Thursday morning but then reversed course by the afternoon, and Ethereum (ETH) was up 1.37% for the day at the time of writing.

Ethereum looks bullish thanks to a stabilizing market.
Ethereum looks bullish thanks to a stabilizing market.

Ethereum shifted downward after World Liberty Financial sold off 8,500 ETH to cover outstanding loans. The remaining assets went into Aave (AAVE), leaving Ethereum to fall from $2,342 to $2,227- a 4.9% drop. The coin and the wider crypto market enjoyed a reversal later in the afternoon, though, and Ethereum is now at $2,260 (ETH/USD).

[[ETH/USD]]

Bitcoin climbed as well late in the day Thursday, moving from a 1.1% loss in the early morning hours to an increase of 1.42%. The reversal can be seen across much of the market as numerous tokens stabilize and move back toward recent highs.

Ethereum Looking Bullish on Multiple Fronts

Despite the initial setback Thursday morning, the ETH rate is climbing once more, making progress toward the $2,500 level. The coin is up by more than 7% for the month of April and more than 26% from where it was a year ago. However, Ethereum fell from an extraordinary high of $4,500 back in October of last year, and investors have been waiting since then to see the coin regain that level.

Where Ethereum is losing support is on the ETF side, as spot ETF outflows reached $250 million over the last week. Several consecutive days of losses there have not helped Ethereum’s chances of surging this week. Bitcoin ETFs are also showing significant withdrawals over the past few days, but the situation appeared to be changing at the time of writing.

The entire crypto market is mildly bullish, regaining much of its recent losses and pushing back toward last week’s highs. Ethereum tends to perform well at the start of each month, and we may see a repeat of that for May as well. The coin is already climbing and could keep its momentum up over the next few days. Helped along by a bullish stock market and falling oil prices, Ethereum has the potential to start off May with a bang.

Market indicators point toward a temporary decline that is reversed in a strong upward movement. Ethereum is already out of the danger zone and higher than it has been in 24 hours. This may be the time for investors to buy up ETH while the price is still below its April high.

Sandisk Up 332% This Year as Q3 Earnings Report Releases Today

Sandisk (SNDK) stock has been bullish throughout 2026, climbing 332% since January and benefitting tremendously from the growing AI market.

Sandisk has been growing incredibly fast and raising their prices as demand for their products increases.
Sandisk has been growing incredibly fast and raising their prices as demand for their products increases.

Providing high capacity, high performance data storage, Sandisk has done very well this year. Their stock has more than tripled, and they are set to report their Q3 earnings Thursday after the market closes.

As the AI market expands, there is a growing need for the Sandisk NAND-powered storage solutions. Because the demand is higher than ever, the company has been able to increase their prices and their profit margins. While other tech companies try to balance expensive development costs, Sandisk is meeting the needs of the AI market in a way that does not require extensive development costs for them.

Sandisk Expected to Announce Blockbuster Quarter

High performance data storage products that Sandisk offers include USB drives, embedded storage, and more, and their solutions are more vital than ever for tech companies looking to store massive amounts of data in an efficient way. Because AI programs require so much data and processing power, powerful storage solutions are necessary, and Sandisk is meeting that need at the right time to capitalize on the burgeoning market.

Over the last four quarters, Sandisk stock climbed, and Wall Street expects it to do the same here. This is one of the few companies heavily involved in the AI space that is not expected to post poor profit margins and high capex spending. If Sandisk can simply post decent revenue growth for the quarter, then their stock could move much higher.

In anticipation of their earnings report, Sandisk stock is up by 2.8%. That puts their stock price at $1,092 per share and at an all-time high. Because NAND supply is still tight, Sandisk is positioned to continue taking advantage of a short supply/high demand situation. They are one of the most well-known companies in the NAND storage niche, and that allows them to keep raising prices so long as the market can tolerate it.

Analysts believe that the company is a durable cycle of climbing prices, increasing profits, and continued demand. If so, then there is still an opportunity for investors to get on board with this stock before the price shoots much higher.

AI Powerhouse ServiceNow Stock Down Nearly 2% after Their Quarterly Revenue Report

Last week, ServiceNow (NOW) reported Q1 earnings and revealed 22% year-on-year growth for their AI-powered subscription service that automates workflow processes.

NOW stock fell even with the company's strong Q1 performance.
NOW stock fell even with the company’s strong Q1 performance.

Leading AI company ServiceNow is considered one of the top stocks to watch in this market niche, and they reported quarterly earnings this week. Their subscription revenues came in at $3.671 billion, and they grew their customer contracts considerably.

However, their stock fell 1.9% on Thursday, a week after the earnings report released. Why was the market reaction negative when their quarterly numbers looked so good? It could be down to reports of insider trading as well as negative sentiment toward AI companies with low gross margins.

Is ServiceNow a Good Investment?

This stock has trended down for most of 2026. The few upward shifts in stock value have been followed by sharp downturns, ensuring that NOW stock remains bearish overall. Part of the reason for that is the intense selling pressure that AI-related stocks have suffered for the past six months. Shareholders want to see that these quickly growing companies are not putting themselves in debt with their capital expenditures.

NOW stock is also down today because their insider trading is not pointing toward a high value stock that is expected to grow. Over the past three months, there have been ten insider trading transactions totaling $7 million in selling and only $3 million in buying. Those numbers could indicate a company that the insiders have little confidence in. If the stock were performing well, then those same numbers would simply demonstrate that insiders are taking advantage of rising value, but in this case, it looks like they are dumping their shares in order to minimize loss.

ServiceNow is designed to serve a small number of high value customers. They were able to take in billions in revenue with just 630 customers, and they have been growing their subscriber base over the last quarter. It is possible that they will turn their stock value around later this year, but their long-term bearish movement makes that unlikely.

 

 

 

U.S. Natural Gas Futures Tick Up Thursday Despite Extremely High Inventories

Natural gas prices moved up marginally on Thursday to $2.65 in what appears to be a market correction after several days of sharp decline.

Production of natural gas fell in recent weeks but inventories remain high.
Production of natural gas fell in recent weeks but inventories remain high.

There is an excess of natural gas in the United States, and with inventory levels high, the price remains below where it was at the same time last year. The suppressed rates have also been caused by an uncommonly warm winter season and high production levels of natural gas across the United States for most of the year.

Production is expected to rise over the coming months as gas facilities add more lines and expand their reach for the growing export market. U.S natural gas inventories are now at 103 billion cubic feet, which is much higher than the 93 billion cubic feet that was expected for this time of year.

Cooler Weather Not Expected to Help

Investors should not anticipate higher prices in the coming weeks based on cool weather reports. Those forecasts show that the weather may cool slightly, but the difference in temperature is not expected to be severe enough to warrant increasing the gas prices by any substantial amount.

Those cooler temperatures are anticipated for the end of this month and until the middle of May, but with inventories so high and demand still low, domestic natural gas prices should not move much. The overall trend we expect for LNG rates domestically is lower and lower into the summer season until there is a reprieve in fall as demand starts to grow.

EIA reports show that production slipped over the past 22 days, falling to 108.3 bcfd. That is a 12-week low and a decrease of 3.8 bcfd in that period. Despite that drop in production, prices remain low, and even the ongoing conflict in Iran is having little effect on domestic LNG rates. So long as domestic demand remains subdued and inventory levels are elevated, the price of natural gas should continue to stay below $2.70 per MMBtu.

 

Bitcoin Down to $76K after Three Days of ETF Withdrawals

Bitcoin (BTC) is nearing $75,000 and losing ground quickly after three consecutive days of withdrawals were reported for spot Exchange Traded Funds (ETFs).

Bitcoin is likely to fluctuate for now without institutional support.
Bitcoin is likely to fluctuate for now without institutional support.

Now at $76,303 (BTC/USD), the Bitcoin rate is in danger of hitting $75K soon since it has already lost 4% of its value over the past three days. The coin is suffering from decreased institutional demand and investor worries over the Iran conflict and a hawkish Federal Reserve.

[[BTC/USD]]

The Fed decided not to cut interest rates this week in their policy meeting, which was expected, but it also left Bitcoin without any upward momentum from that corner. Thursday’s falling oil prices and rising stock market should help the coin along, indicating that the economy is doing well for the moment, but several days of declining value for the coin point toward potential trouble.

Will Bitcoin Break Down or Rebound Now?

Thursday marked an important crossroads for the BTC rate. Will it slip further down, pushed by several negative factors and falling investors sentiment or will it rise on the bullish market and weeks of crypto support?

Institutional outflows are worth noting for investors at this point, and on Wednesday an outflow of $137.77 million was reported for Bitcoin spot ETFs. That marked the third day in a row of outflows for this Bitcoin asset, and if the coin falls again Thursday, it could mean trouble.

The BTC rate is still well below its all-time high from back in October of last year. The coin is down 39.5% from that high at the moment, and down 1.1% from the previous day. Investors need to start looking at the potential floor for Bitcoin, which could be around $70,000. Even though the BTC rate increased by 14% in the last 30 days, the overall trajectory for the coin in 2026 is bearish, with severe losses from January that have still not been recovered.

We anticipate Bitcoin to remain in a state of fluctuation as it is pulled back and forth by different factors. Until strong support is evident and there are several days of inflows, the coin is likely to vacillate between $70k and $79K.

 

 

Excellent Quarterly Earnings from Amazon and Caterpillar Drove Stock Indices Higher Thursday

Several companies posted strong earnings this week, and the Federal Reserve decided to keep interest rates steady, resulting in modest gains for the stock market.

Investors and shareholders are worried about capex spending for top tech companies.
Investors and shareholders are worried about capex spending for top tech companies.

The Nasdaq Composite gained 0.5% on Thursday in early trading after a previous session of impressive earnings reports. The S&P 500 climbed 0.4%, and the Dow increased by more than 300 points, adding 0.6%. The Fed did exactly what Wall Street predicted and kept interest rates the same following their policy meeting Wednesday.

Both Amazon (AMZN) and Caterpillar (CAT) saw decent stock increases after posting their quarterly earnings this week. Caterpillar gained 6.4%, and Amazon added 3.79% as they both beat anticipated revenue numbers for their most recent quarters.

Lackluster Reports Held Market Back from Bigger Gains

Why did the market indices not see greater increases on Thursday? There were several leading companies that  put in poor showing for their quarterly reports. Microsoft was one of those, with a 2% decrease after the company announced capex spending expectations of $190 billion for 2026. They blamed the higher spending on increasing cost for memory components.

Meta Platforms (META) fell by 9% after the company announced incredibly high capital expenditures and fell short of expectations for consumer growth. The issue of overspending continued to plague the technology arm of the stock market and worry shareholders about slim profit margins and the rising cost of AI tech. This factor has held back tech stocks since late last year.

The market was up overall in Thursday trading as well thanks in part to falling oil prices. Brent crude oil fell 3.48% and dropped to $113 per barrel. West Texas Intermediate prices also fell 1.92% to $104 a barrel. Those prices rose higher Wednesday but then dropped as investor fears diminished over the situation in Iran. President Donald Trump said this week that he expects to have the blockade of Iran in place for an extended period.

U.S. stock indices remain elevated and close to their record highs. After previous Fed policy meetings when the interest rate did not decrease, stocks fell. However, they remained steady this week, indicating strength and resilience as well as a turn of events that was in line with expectations. The current expectation for the Fed is that they will keep the interest rate between 3.5% and 3.75% for the remainder of 2026.

 

Quantum Computing Can Break Bitcoin. Are Fears Driving the BTC Price Down?

In early 2026, a Google whitepaper revealed that quantum computing could break Bitcoin’s security algorithms, and analysts are still talking about the dangers as the first hack seems inevitable and close.

Bitcoin is down today as Iran conflict worsens and quantum fears persist.
Bitcoin is down today as Iran conflict worsens and quantum fears persist.

Bitcoin (BTC) fell 2.11% on Tuesday morning, following a drop across the stock market that caused the Nasdaq and S&P 500 to lose their fresh highs. Several major companies reported earnings that were less than spectacular, resulting in mostly declining stock values for the day. However, Bitcoin’s struggle to hit $80K this week could be caused partially by fears over quantum computing.

[[BTC/USD]]

We reported recently that quantum computers could break Bitcoin security and allow hackers to steal coins from investors’ digital wallets. It is no wonder that this serious security risk has sparked a number of worried articles from industry experts, and it may be one factor holding the BTC rate back from passing $80,000.

Bitcoin Falls on Poor Market Sentiment

If Bitcoin does not have investor support behind it, the coin slips from its level and loses ground. On Tuesday, Bitcoin fell to $76,065 (BTC/USD), and it is now even further from hitting the psychologically important $80K level. The token has not been able to pass that mark since early February when stocks and crypto tokens all dropped as the Iran conflict began.  

That ongoing fighting between Iran and the United States has kept the crypto market subdued, creating a hindrance for tokens to regain lost ground. Bitcoin managed to move upward slowly in recent weeks, but this week it stumbled hard. It is still up for the month, having gained more than 14% over the last 30 days, but several factors are working against Bitcoin and its ability to hold onto those gains.

That Google whitepaper is damning for Bitcoin’s security, exposing flaws that will become even more egregious as quantum computing advances. This problem does not put all bitcoins at risk, but it does make many wallets vulnerable, and it could just be a matter of time before all Bitcoin accounts are exposed and easily hackable. Security is one of the strengths of cryptocurrency, but if that changes, then investors may be wise to abandon the coin.

Biton is also being hurt by ongoing fighting in Iran. The situation there became much worse this week after both Iran and the United States lodged complaints that their ceasefire had been broken by the other side. The potential for peaceful negotiations is still there, but neither side seems willing to make the concessions that their opponents are asking for. Peace is in the best interest of the global economy since the important Strait of Hormuz in the region is used for transporting much of the world’s oil, but until the situation is resolved, the risk of a global energy crisis is high.

Bitcoin is going to struggle to hit new milestones while these factors are weighing so strongly on investors’ minds. The coin could push past $80K quickly without the pressure that security risks and the Iran conflict bring to it. For now, we anticipate Bitcoin will continue to work its way slowly upward, with continued setbacks like what occurred Tuesday morning.