By Bill Taylor, CEO / Digital Wealth News and AI & Finance
DISCLAIMER: The opinions expressed below are solely those of Bill Taylor & do not represent those of DWN or any affiliates. Any financial advice included here is for entertainment purposes only.
BULLISH – BITCOIN, GOLD
NEUTRAL – ETH
BEARISH – S&P 500
We compare the price of Bitcoin, Ethereum, Gold & the S&P 500. We use the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference as well as the London Bullion Market afternoon price settlement on the digital assets & gold.
Bill Taylor is CEO of Digital Wealth News. He is widely published & quoted in financial media and an international expert on markets and BTC, ETH, Gold & SP500.
His opinions are solely his own and for informative purposes only.
4/29/25 Closing Prices:
BTC: $95,367.37 +4.2% (Tue-Tue)
ETH: $1,824.44 +7.5% (Tue-Tue)
Gold: $3,281 -1.6% (Tue-Tue)
S&P 500: 5,560.83 +5.2% (Tue-Tue)
Happy almost May. A new month will blossom in a couple days and the financial markets move on.
First thing in the new month will be Friday’s jobs number. That’s right, April non-farm payrolls (NFP) will be out. Expectations are for a big drop in employment from previous months. But, define big. If it’s too big a drop recession talk will kick into high gear. If the number doesn’t drop enough (or rises) then the expectations for interest rate cuts are dashed. No matter, it may spark some volatility. There’s no “big in big.”
The equities markets are really dazed and totally confused. Tariffs on, tariffs off? Tariffs adjusted? It looks like investors sold what they wanted to and reduced risk. But, buyers are reluctant to plow back in. That’s why trading volume is so subdued. No one knows what to do. Spooky.
I am staying very cautious. At any given time, with reduced liquidity, markets can move 5-10% on a whim. Hard to beat those computers.
So, neutral on ETH. Blah.
Short to neutral on the S&P 500. Its like a 50-50 shot…..5-10% up or down while you aren’t looking. No thanks.
Gold. Still looks higher but it’s getting volatile. Gotta be somewhat bullish what with the state of the world.
Ah, Bitcoin. Bull, Bull Bullish. MSTR (Microstrategy or just Strategy) has a brand new bull player. Here’s a headline. for you;
Cantor Fitzgerald Chair Brandon Lutnick Partners With SoftBank, Tether, And Bitfinex To Launch $3B Bitcoin Firm 21 Capital
They are going to follow the MSTR (with some ‘tweaks’) strategy of buying bitcoin. Also consider that Brandon Lutnick is Commerce Secretary Howard Lutnick’s son. Like in close to the President. New highs in bitcoin will surely follow.
Happy end of April.
2025 TARGETS:
- BITCOIN 2025……..NEW HIGHS
- ETH 2025…………?
- GOLD 2025……….?
- S&P 500 2025……..DOWN (4500?)
Current trading positions:
- BITCOIN….LONG
- ETH….NONE
- GOLD….LONG
- SHORT….S&P 500
We compare the price of Bitcoin, Ethereum, Gold & the S&P 500. We use the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference as well as the London Bullion Market afternoon price settlement on the digital assets & gold.
Bill Taylor is CEO of Digital Wealth News. He is widely published & quoted in financial media and an international expert on markets and BTC, ETH, Gold & SP500.
His opinions are solely his own and for informative purposes only.
