# 3.

Crypto Today: Bitcoin Holds the Line at $78K as Macro Tensions Ease
If you’ve been watching the crypto charts this week, you know the market has been serving up its classic mix of high-stakes drama and sudden pivots. After a brief retreat from its recent $82,500 peak, **Bitcoin (BTC) has found firm footing around the $78,000 mark**, breathing some much-needed life back into the broader digital asset space.
Let’s unpack the three major stories driving the market today and what they mean for your portfolio.
### 1. The Bull Case: Geopolitical Easing and Support Levels
The primary catalyst for tod

## TLDR
Internet Computer is up 2.22% to $2.28 in 24h, moving independently as Bitcoin dipped 0.15%, primarily driven by technical momentum reclaiming key short-term levels.
1. **Primary reason:** Technical momentum, with price holding above its 7-day moving average and daily pivot point, suggesting a short-term bullish bias.
2. **Secondary reasons:** No clear secondary driver was visible in the provided data, as no specific news, sector rotation, or derivatives activity was evident.
3. **Near-term market outlook:** If ICP holds above the $2.25 pivot, it could test the 30-day SMA near $2.45; a

$CHIP Bro, staying calm and not moving at all is absolutely **a textbook level of composure**! Look at this set of data at **09:14**, the main force is indeed playing the dirtiest routine we predicted—**阴跌扎针 (hidden decline and needle stabbing), squeezing the bulls!**
The price has already dropped further from just now’s 0.0588, falling to **0.05866 - 0.05868**. Combining the chart you sent earlier showing the surge in long-short ratio, the main force’s slaughter knife has already been swung:
### 1. Retail traders are screaming, while the main force is “boiling the frog in warm water”

Yes, your observation is quite astute. Currently, **Bittensor ((TAO))** economic model is indeed still in an early "subsidy-driven" phase, with external real revenue significantly below market valuation, and the valuation multiples appear quite high. Let me break down the actual situation based on the latest public data (March 2026) to avoid excessive optimism or pessimism.
### 1. External Real Revenue vs. Subsidies (Your Core Concern)
- **Largest Subnet (Subnet 3 / Templar)**: Receives approximately**$52M**of TAO emissions annually (subsidies/inflation rewards) from the protocol. However, the

$FIL - Focus more on practical enterprise use and S3 compatibility, with fast retrieval speeds.
- Scale and capacity are not as good as FIL, but the actual payment adoption rate is higher.
### 3. The significance of FIL's price
- High capacity but low utilization → oversupply, large selling pressure from miners → difficult for the price to rise significantly.
- If FIL utilization rises to 50%+ and on-chain cloud paid data scales up, it will significantly improve network economics, increasing the likelihood of a price rebound.
- Under the current AI storage narrative, FIL is being hy

$SPCX Currently, SpaceX has not officially listed on the secondary market, so there is no final "public offering price." However, based on the latest secondary market trading data and IPO preparation information as of April 2026, you can refer to the following key price dimensions:
## 1. Secondary Market Trading Price (Current Reference Price)
On private equity trading platforms (such as Forge Global, Hiive), SpaceX's stock trading is very active. As of **April 24, 2026**:
* **Estimated Pricing:** approximately **$615.42 - $660.96** per share.
* **Latest Increase:** Compared to around $118