By Francisco Rodrigues (all times one unless otherwise stated)

Cryptocurrency prices are down everywhere over the past 24 hours in the midst of wider sales of risk-acting is triggered by elaborating on merchant tensions in the US China.

The White House said China is now “facing a 245% duty on imports” and introduced new restrictions on chip exports to the country. Bitcoin (BTC) fell more than 2.2%, while the wider market, measured by Coindesk 20 (CD20) index, dropped 3.75%.

Nasdaq 100 futures are also down and lose more than 1%, while the S&P 500 futures fell 0.65%. While Bitcoin has remained remarkably stable as the trade war escalated, some measurements suggest that Bull Run may have ended.

The biggest cryptocurrency slipped during its 200-day simple sliding average on March 9, suggesting that “Token’s recent steep decline qualifies this as a bear market cycle starting at the end of March,” Coinbase Institutional said in a note

A risk-adjusted performance measured in standard deviations known as Z-score shows that the Tyrcycle ended in late February, with subsequent activity seen as neutral, according to Coinbase Institutional’s global research manager, David Duong.

Still have the resilience that cryptocurrency prices have shown, “undoubtedly good for the market” as it lets traders “look more seriously to use Premium to hedge -support the case to award to the place,” said Jake O., an OTC businessman at Crypto Market Maker Wintermute.

“In response, several primary brokers have moved their short-term models from underweight to neutral on risk assets, and noted that the next move is likely to be driven by ‘real’ data,” Jake O. said in an email declaration.

The “real data” will soon come enough, with the US census agency set to release retail data, and Fed -Chairman Jerome Powell gave a speech on financial prospects. Tomorrow, the US Ministry of Labor is releasing unemployment insurance data, and the Census Bureau releases housing construction data, while the ECB is expected to reduce interest rates.

Shakiness in risk assets has provided gold. The precious metal is up to about 26.5% years to date to over $ 3,300 per day. Troy ounces that contrast with the US Dollar Index’s decrease of 9%. Stay aware!

What to look at

• Crypto:
  • April 16: Hashkey Chain (HSK) Mainnet upgrade improves network stability and fee control features.
  • April 16, 9:30: SPOT SOLANA (SOL) ETFs with support for staff salaries, from active leaders, Evolve, CI and 3iq, are expected to start shopping at Toronto Stock Exchange.
  • April 17: Eigenlayer (Eigen) activates the cut at Ethereum Mainnet, which enforces sanctions for the operator’s mismatch.
  • April 18: Pepecoin (PEP), a LAG-1, Proof-of-Work Blockchain, undergoes its second halving, reducing block pay to 15,625 pep per day. Block.
  • April 20 at. 23: BNB chain (BNB) – BRNB MAINNET HARDFORK.
  • April 21: Coin Baser Divestors show XRP futures pending the approval of US Commodity Futures Trading Commission (CFTC).
• Macro
  • April 16, 8:30: US Census Bureau releases March -Detail Data.
    • Retail Sales Mother Est. 1.3% vs. Prev. 0.2%
    • Detail Sale Yoy Prev. 3.1%
  • April 16, 9:45: Bank of Canada releases its latest interest rate decision, followed by a press conference 45 minutes later.
    • Rate of Police Est. 2.75% against prev. 2.75%
  • April 16 at. 13:30: Fed -Chairman Jerome H. Powell will give a “financial view” speech. Livestream -link.
  • April 17, 8:30: US Census Bureau releases March New Housing Construction Data.
    • Housing starts est. 1.42 m vs. Prev. 1,501 m
    • Housing starts mother earlier. 11.2%
  • April 17, 8:30: The US Ministry of Labor will release data on unemployment insurance for the week ending on April 12.
    • Initial unemployed claims est. 225k vs. Prev. 223k
  • April 17 at. 7.30pm: Japan’s Ministry of Internal Affairs & Communications Releases March Consumer Price Index (CPI) Data.
    • Core inflation speed yoy est. 3.2% vs. Prev. 3%
    • Rate of inflation mother earlier. -0.1%
    • Inflation rate yoy prev. 3.7%
• Earnings (Estimates based on Factset -Data)
  • April 22: Tesla (TSLA), Post-Market
  • April 30: Robinhood Markets (Hood), Post-Market

Token -events

• Management votes and calls
• Unlock
  • April 16: Arbitum (Arb) to lock 2.01% of its circulating supply worth $ 25.77 million.
  • April 18: Official Trump (Trump) to unlock 20.25% of its circulating supply worth $ 323.14 million.
  • April 18: Fast -token (FTN) to lock 4.65% of its circulating supply worth $ 84 million.
  • April 18: Official Melania Meme (Melania) to lock 6.73% of its circulating supply worth $ 11.25 million.
  • April 18: UxLink (UxLink) to lock 11.09% of its circulating supply worth $ 17.19 million.
  • April 18: Immutable (IMX) to lock 1.37% of its circulating supply worth $ 9.72 million.
  • April 22: Metars Genesis (MRS) to lock 11.87% of its circulating supply worth $ 119.1 million.
• Token launches
  • April 16: Badger (Badger), Balances (Bal), Beta Finance (Beta), Cortex (CTXC), Cream Finance (Cream), Firo (Firo), Kava Lend (Kava), Zero (Zero), Prosper (PROS), Status (SNT), Troy (Troy), Unilend Finance (Uft), Widen Settled from Binance.
  • April 22: Hyperlane to air to its hypertokens.

Conferences:

Token Talk

By Shaurya Malwa

• A record of $ 12 billion worth of stableecoins was transferred at Solana Blockchain in March, a 445% increase from the $ 2.2 billion reported in March 2024

• The USDC is the dominant stableecoin of 75% of the ecosystem’s total stablecoin market capital, according to Defillama data.
• StableCOin supply doubled from $ 6 billion between the beginning of January and 15 April, coincident with a decrease in speculative activity (such as Memecoin Trading) on ​​Blockchain.

Derivatives Location

• Open interest in offshore btc -ginges and futures fell as prices withdrew from $ 86K to nearly $ 83k. Drop shows a lack of participation in the fall in prices.
• ETH, XRP and SOL Perpetual Funding Rates remained negative in a sign of bias for short or bearish positions.
• The basis of the annual BTC and ETH CME futures remains range between 5% and 8%, showing caution among institutional players.
• Options tied to Blackrock’s Spot Bitcoin ETF showed bias for bullish directional exposure to the upside in longer maturity settings, but at the same time prices short -term downward risks more aggressively.
• On the dismissed, positioning remains defensive and exhibits a bias for short and almost dated options.

Market Movement:

• BTC is down 0.26% from 16:00 A Tuesday to $ 83,823.34 (24 hours: -2.7%)
• ETH has fallen 1.23% of $ 1,575.79 (24 hours: -3.31%)
• Coindesk 20 has fallen 1.67% at 2,410.72 (24 hours: -3.75%)
• Ether Cesr Composite Staking Rate is down with 16 bps at 3.02%
• BTC financing rate is at 0.0079% (8.6494% annually) on Binance

• DXY is down 0.59% at 99.63
• Gold has risen 3.31% to $ 3,325.20/oz
• Silver has risen 2.58% of $ 33.06/oz
• Nikkei 225 Closed -1.01% at 33,920.40
• Hang bed closed -1.91% at 21.056.98
• FTSE has dropped 0.44% at 8,212.76
• Euro Stoxx 50 has fallen 0.79% at 4,931.25
• Djia closed Tuesday -0.38% at 40,368.96
• S&P 500 closed -0.17% at 5,396.63
• Nasdaq closed unchanged at 16,823.17
• S&P/TSX Composite Index Closed +0.84% ​​at 24,067.90
• S&P 40 Latin America closed unchanged at 2,337.88
• US 10-year-old Treasury is unchanged at 4.34%
• E-MINI S&P 500 FUTURES have fallen 0.6% at 5,395.75
• E-MINI NASDAQ-100 futures are down 1.18% at 18,736.50
• E-mini dow jones industrial average index futures has increased by 40,531.00

Bitcoin -Statistics:

• BTC Dominance: 63.95 (0.17%)
• Ethereum to Bitcoin ratio: 0.1881 (-1.00%)
• Hashrate (seven-day sliding average): 890 EH/S
• Hashprice (Spot): $ 44.7
• Total fees: 6.33 BTC / $ 484.137
• Cme futures open interest: 135,635 BTC
• BTC priced in gold: 25.7 oz
• BTC VS GOLD MARKET CAP: 7.28%

Technical analysis

• The Ichimoku cloud, a popular momentum indicator, is limiting upside down as discussed early this week.
• A lower swing can Employment Bears, potentially providing a gene test of the psychological support level of $ 80,000.

Crypto shares

• Strategy (Mstr): Closed Tuesday of $ 310.72 (-0.23%), dropped 1.43% to $ 306.27 in the pre-market
• COINBASE GLOBAL (COIN): CLOSED TO $ 175.57 (-0.57%), down 1.36% to $ 173.18
• Galaxy Digital Holdings (GLXY): CLOSED TO C $ 15.45 (-2.28%)
• Mara Holdings (Mara): Closed to $ 12.58 (-2.86%), down 2.38% to $ 12.28
• Riot Platforms (Riot): Closed to $ 6.55 (-6.56%), down 1.37% to $ 6.46
• Core Scientific (Corz): Closed to $ 6.85 (-2.97%), down 2.19% to $ 6.70
• CLEANSPARK (CLSK): CLOSED TO $ 7.28 (-6.43%), dropped 1.65% to $ 7.16
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 11.98 (-5.67%)
• Semler Scientific (SMLR): Closed to $ 34.40 (+0.41%), an increase of 2.62% to $ 35.30
• Exodus Movement (2.

Etf is flowing

SPOT BTC ETFS:

• Daily Net Tream: $ 76.4 million
• Cumulative net streams: $ 35.5 billion
• Collected BTC holdings ~ 1.11 million

SPOT ETH ETFS

• Daily Net Tream: -$ 14.2 million
• Cumulative net streams: 2.27 billion dollars
• Collected ETH holdings ~ 3.35 million

Source: Father’s page -Investors

Flows overnight

Today’s chart

• Financing rates in eternal futures tied to the privacy -focused Token Monero (XMR) remain deeply negative, indicating a dominance of bearish short positions.
• The remarkable bias for shorts means a potential recovery in prices, which are suggested by technical diagrams, can trigger a short clamp, leading to Bullish Volatility boom.

While you were asleep

• China’s GDP estimates in the first quarter to 5.4% as the growth Momentum continues in the midst of customs concerns (CNBC): Despite a strong GDP in the first quarter, China’s statistics agency called on policies to increase domestic demand, noting the US export share to 14.7% in 2024 from 19.2% in 2018.
• Cardanos Ada leads Majors Glide in the middle of Bitcoin profit; Proshares changes the XRP ETF (Coindesk): Bitcoin selling large investors is relieved, with daily sales dropped from 800,000 BTC in February to approx. 300,000 BTC as they realize losses, according to Cryptoquant.
• Dogecoin whales accumulate, sun suggests consolidation as the market takes a breath (Coindesk): A crypto market rebound can support additional gains, but confirmation is related to the consolidation of the 200-day-moving average near $ 2.97 trillion, says
• OKX to expand to the United States, establishing regional headquarters in California (Coindesk): In February, the Seychelles-based Exchange DOJ paid $ 500 million to settle fees it had operated in the US without a money transmitter license.
• Hong Kong Post suspends Product Meal Services to us (Reuters): Hong Kong Post will immediately stop sea mail to the US and suspend Air Mail from April 27 and calls the end of duty-free treatment for low-value parcels a “bullying.”
• Even without additions, Trump’s 10% tariff rates (The New York Times) will have a stitch: Trump’s 10% baseline tariff may seem modest, but Oxford Economics warns the full package can shrink the global trading of 5%-a drop comparable to 2020’s Pandemic Shock.

In ether