Bitcoin punched through $74,000 before settling near $73,500 as spot ETF outflows hit record territory. Ethereum bounces off lows with derivatives open interest expanding at its fastest pace in years. Meanwhile, the U.S. government seized $1 billion in Iranian crypto assets and the SEC filed suit over a $12.3 million fake AI trading bot fraud. Here's what today's volatile market action means for your strategy.

Institutional money is dominating Bitcoin's price action as BlackRock absorbs over $2 billion in ETF inflows throughout April — its strongest month in 7 months. Meanwhile, the US government executed Operation Economic Fury, seizing nearly $500 million in Iranian cryptocurrency assets, and a $285 million exploit on the Drift protocol claimed DeFi protocol Carrot as its first major casualty. Here's what every move means for your portfolio.