BTC eyes $90K; Fartcoin crosses $1; Silbert says Bittensor may outperform Bitcoin

The cryptocurrency market is buzzing with excitment as Bitcoin (BTC) eyes $90, Fartcoin (FARTCOIN) experiences a remarkable surge, and Bittensor (TAO) garners attention from industry leaders.

Bitcoin, the flagship cryptocurrency, is on the verge of breaking the $90,000 mark, driven by a combination of technical indicators and macroeconomic factors.

Fartcoin, a meme-inspired token, has defied expectations by surging above $1 and overtaking Bonk to become the second-largest Solana memecoin by market cap.

Adding to the excitement, Barry Silbert, CEO of Digital Currency Group, has tipped Bittensor to potentially outshine Bitcoin as a global store of value, citing its innovative approach to decentralized AI.

Bitcoin eyes $90K amid market resilience

BTC is trading at $88,527, with its sights set on the $90,000 mark, as it continues to demonstrate resilience in the face of broader market volatility.

The cryptocurrency has been buoyed by a bullish structure on higher timeframes, with the weekly chart showing a bounce off the MA50 support level two weeks ago, reinforcing a swing failure pattern at $78,000.

On the daily timeframe, Bitcoin’s price action resembles a Head and Shoulders pattern, though not fully defined, with the initial trendline broken and the price reclaiming the MA50.

The RSI has formed a bullish divergence, similar to last year’s summer, suggesting potential for price discovery if it can reclaim the $92,000 level.

The absence of a CME gap at $84,000 further supports the bullish case, reducing the likelihood of a pullback to fill such a gap.

Institutional interest also continues to play a significant role in Bitcoin’s upward trajectory, with Strategy recently purchasing 6,556 BTC for $555.8 million and Metaplanet adding 330 BTC for $28 million, signaling growing corporate confidence in Bitcoin as a long-term treasury reserve asset.

Notably, Strategy’s and Metaplanet’s purchases come against a backdrop of macroeconomic uncertainty, with the US Dollar Index (DXY) falling to a three-year low below 98 and traditional financial markets experiencing significant declines, including a 2.5% drop in the Nasdaq and a near 1,000-point plunge in the Dow Jones Industrial Average.

President Trump’s criticism of Federal Reserve Chair Jerome Powell and calls for interest rate cuts have added to the market chaos, further driving investors towards alternative assets like Bitcoin.

As Bitcoin approaches key resistance at $88,889, traders are closely watching for a decisive breakout with volume, which could pave the way for a rally towards $89,526 and potentially $90,122.

However, a drop below $88,019, the mid-channel support, may indicate a pause or pullback in the upward momentum.

With the total crypto market capitalization nearing $2.83 trillion, Bitcoin’s performance remains a critical barometer for the broader market’s health and direction.

Fartcoin surges above $1, overtaking Bonk in market cap

As Bitcoin recovers from the recent lows, Fartcoin has also captured the crypto community’s attention with a remarkable surge above the $1 milestone, achieving a market cap of over $1 billion and flipping Bonk to become the second-largest Solana memecoin.

The token’s price has increased by over 400% since its March lows, with a 15% rally in the past 24 hours alone, pushing it to $1.06 at press time.

This explosive growth has been fueled by social media buzz, including posts on X about its Binance perpetuals listing and significant whale investments, such as a $3.073 million USDC purchase by a TRUMP whale.

From a technical analysis standpoint, Fartcoin’s price action has been impressive, breaking out of a $0.40–$0.55 consolidation range on April 9 with a spike in volume that drove the price to $0.78, followed by further gains to $0.97 on April 11 and now above $1.

The token is currently trading well above both the 20-day EMA and 50-day SMA, confirming a strong bullish trend.

However, the RSI is nearing 70, indicating potential overbought conditions and a possible pullback, with the next immediate price target at $1.20–$1.25 if momentum persists.

Despite its meteoric rise, there are signs that Fartcoin’s rally may be nearing a top.

The price is trading within an ascending parallel channel, suggesting a corrective rally, and is approaching a critical confluence of resistances near $1.15.

Bearish divergences in the RSI and MACD on the daily chart, though unconfirmed, add to the cautionary outlook.

The long-term wave count predicts a potential high near $1.10, followed by a decline, with a close below $0.95 potentially confirming a bearish reversal.

Digital Currency Group CEO say Bittensor will replace Bitcoin as a store of value

Bittensor (TAO) has emerged as a focal point in the crypto space today after Barry Silbert, the CEO of Digital Currency Group, predicted that it could surpass Bitcoin as a global store of value due to its innovative approach to decentralized AI.

In a recent interview with Raoul Pal, Silbert highlighted TAO’s potential, stating that it represents the “next big era for crypto” and could be a “better version of Bitcoin” by redirecting the billions spent on securing the Bitcoin network towards incentivizing a global network of individuals working on major world problems through AI.

Silbert’s bullish stance on Bittensor is rooted in its unique value proposition, which combines the economic model of Bitcoin, including halving mechanisms and decentralization, with the utility of a decentralized AI network.

He argues that while Bitcoin’s focus is on financial security, Bittensor’s ability to harness vast financial resources to address real-world challenges through AI could make it a more impactful and value-driven global network.

However, Bitcoin’s entrenched position, with a $2 trillion market cap, institutional adoption, and status as a safe-haven asset amid macroeconomic uncertainty, presents a formidable benchmark for TAO to overcome.

Amid Silbert’s optimism, TAO’s market performance has been notable, with the token’s price rising 32.1% in the past week to $328, up 7.2% in the last 24 hours, and its market cap reaching $2,822,122,707, ranking it at position 42 among cryptocurrencies.

The Bittensor ecosystem has also seen significant growth, with the market capitalization of its subnet tokens increasing by 166% in April 2025, from $181 million to $481 million, following a tripling of active subnets over the past year.

This growth, coupled with TAO being the top trending cryptocurrency on CoinGecko and peaking search volume on Google Trends, underscores the rising investor interest in the project.

Nevertheless, Bittensor still faces challenges in competing with Bitcoin’s established network effects, regulatory clarity, and higher circulating supply percentage (94% for Bitcoin vs. 41% for TAO).

Additionally, TAO’s price is still 56.9% below its all-time high of $757.60, suggesting room for recovery but also highlighting the volatility inherent in the crypto market.

However, with strong institutional backing, including DCG’s $105 million investment in decentralized AI and the launch of Yuma to support Bittensor startups, TAO’s potential as a long-term store of value cannot be dismissed.

The post BTC eyes $90K; Fartcoin crosses $1; Silbert says Bittensor may outperform Bitcoin appeared first on Invezz