Hot Crypto Discussions on X Today: Market Volatility, Crypto ETFs, & More

Barstool Sports founder Dave Portnoy questions the relationship between Bitcoin and the U.S. dollar, while CZ has announced that he advises several governments on crypto regulations.

Here, we’ve highlighted 5 of the most popular crypto tweets to keep you in the loop.

1. How Independent Is BTC from the U.S. Dollar? Dave Portnoy Questions Bitcoin Volatility

American businessman Dave Portnoy questions Bitcoin’s volatility, asking if it is truly independent of the U.S. dollar. His point is that if Bitcoin is independent, it shouldn't trade in sync with the stock market, rising and falling alongside it.

Portnoy's post garnered thousands of reactions and replies, indicating that it resonated with many users' concerns. A group of commentators explained the broader reasons behind Bitcoin's volatility.

Strategy (ex. MicroStrategy) founder Michael Saylor noted that Bitcoin's short-term price movements align with the stock market due to its high liquidity and 24/7 accessibility. 

Explaining the reasons behind bitcoin volatility, Saylor says, “In times of panic, traders sell what they can, not what they want to. It doesn’t mean it’s correlated long-term – just that it’s always available.”

As of writing, Bitcoin is trading at around $84,000, recovering from $81,700 the previous day. 

2. CZ's Impact: The Former Binance CEO Advises Governments on Crypto Regulations 

Changpeng Zhao (CZ) now advises several governments on their crypto regulatory frameworks, both officially and unofficially, as he stated in a new post on X.

CZ says he aims to expand blockchain to more than trading and finds that extremely meaningful. 

On April 3, Binance founder CZ signed an agreement with the Kyrgyz Republic's National Investment Agency to help develop crypto and blockchain technology in the country. 

3. Nate Geraci Shares Details on the BlackRock SEC Discussions 

The wait for crypto ETFs might be shorter than expected—at least, that’s what ETF Store President Nate Geraci suggests. Citing recent discussions between BlackRock and the U.S. SEC Task Force, he sees progress toward approval.

Earlier this week, BlackRock sat down with the SEC’s Crypto Task Force to hash out the mechanics of spot crypto ETFs, focusing on creation and redemption processes. 

For investors, crypto ETFs could bridge the gap between traditional finance and digital assets, offering exposure to Bitcoin and other cryptocurrencies without the complexities of direct ownership.

4. Luciano BTC on the Recent EOS Rally 

In a recent post, crypto market analyst @LLuciano_BTC praised the EOS Network and its native cryptocurrency for strong performance despite a market downtrend.

At the time of writing, EOS trades at around $0.80, up roughly 40% in the past seven days.

“Massive respect to the EOS team and community for showing what real conviction looks like. They didn’t wait for the market; they became the market,” Luciano commented on the coin’s rise.

EOS, launched in 2018, is rebranding as Vaulta and shifting to Web3 banking, with completion expected by late May 2025.

This move fueled positive sentiment in the community, driving the price higher. However, it remains unclear whether the rally will continue as long-term growth depends on adoption, market conditions, and broader crypto sentiment.

5. Bitcoin Treasury Company Stocks Stand Out, Notes Simon Gerovich

Metaplanet CEO Simon Gerovich shared interesting statistics: only two out of 20 best-performing stocks scored positive gains in 2025, and both are Bitcoin Treasury companies – Metaplanet (3350) and MicroStrategy (MSTR). Their returns are 16% and 5%, respectively. 

Both Metaplanet and Strategy hold Bitcoin as a treasury asset to provide a hedge against traditional market risks.

Currently, Metaplanet holds 4,206 Bitcoins valued at over $347 million at current rates. Strategy is the largest corporate Bitcoin holder with 528,185 bitcoins.