By James Van Straten (all times one unless otherwise stated)
Bitcoin (BTC) continues to defy global economic uncertainty and cradle closer to recovering $ 86,000. It is now less than 3% away from its “Liberation Day” high. To put the move into perspective, Bitcoin’s dominance – which measures BTC’s share of the total cryptocurrency -market capital – is approaching a level that has not been seen since January 2021.
In contrast, Nasdaq 100 is still 5% away from its own liberation day high, which emphasizes Bitcoin’s relative strength versus US stocks.
According to the X-Account Cheddar Flow, the S&P 500 has just formed a “Death Cross” traditional Bearish signal that occurs when the 50-day sliding average falls below the 200-day moving average. The last time this happened was March 15, 2022, when the S&P 500 originally increased by 11% in the following week, only to be followed by a decrease of 20%. Bearish atmosphere is also reflected in the market for options, where investors reportedly buy large quantities of NVDA sets that signalize expectations at lower prices.
In a Bloomberg interview on Monday, Finance Minister Scott Bessent confirmed confidence in the US bond market and rejected concern that foreign nations are dumping treasuries.
“I don’t see a dumping of US treasuries,” Bessent said. “The treasury has lots of tools, but we are far from needing them.” He also emphasized the sustained status of the US dollar as the world’s reserve currency, despite the DXY index – which measures the dollar’s value against a basket of larger trading partners – falls below 100 and falls over 10% in recent weeks.
Bessent also confirmed that the Trump administration is looking for a new Federal Reserve chairman to replace Jerome Powell, with interviews to begin later this year. He ended the interview with suggesting that the VIX (S&P 500 Volatility Index) may have reached the biggest one-day percentage in his history last week. Stay aware!
What to look at
- Crypto:
- April 15: The first Smardex (SDEX) halving means that SDEX -Tokens Distribution will be cut by 50% in the next 12 months.
- April 16: Hashkey Chain (HSK) Mainnet upgrade improves network stability and fee control features.
- 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 Commodity Futures Trading Commission (CFTC).
- Macro
- April 15, 8:30: Statistics Canada Release March Consumer Price Inflation Data.
- Core Inflation Mother earlier. 0.7%
- Core inflation speed yoy prev. 2.7%
- Inflation rate mother est. 0.6% vs. Prev. 1.1%
- Inflation rate yoy est. 2.6% vs. Prev. 2.6%
- April 16, 8:30: US Census Bureau releases March -Detail Data.
- Retail Sales Mother Est. 1.4% 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. 226k 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%
- April 15, 8:30: Statistics Canada Release March Consumer Price Inflation Data.
- 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
- Venus Dao discusses the forced liquidation of the remaining debt caused by a BNB Bridge Exploiter account, which “delivered highlighted BNB to Venus and generated an over-collateralized debt position.”
- Aave Dao discusses taking further steps to write off Synthetix’s Susd on Aave V3 optimism over technical development that has “compromised its ability to consistently maintain its stick.”
- GMX DAO is discussing the creation of a GMX reserve on Solana, which would involve bridging over $ 500,000 in GMX to blockchain and transferring the funds to GMX-Solana Treasury.
- Treasure DAO discusses giving the core contribution team the authority to run and close the tax chain infrastructure at ZKSYNC and control the primary Magic-eth protocol-owned liquidity pool considering the “crucial economic situation” in the protocol.
- April 15, 7 p.m. 10: Injective to hold an X Spaces session with Guardian.
- April 16 at. 7: Aergo hosts an Ask Me Anything (AMA) session on the future of decentralized artificial intelligence and the project.
- April 16 at. 15: Zcash hosts a town hall at Lockbox Distribution & Governance.
- Unlock
- April 15: SEI (SEI) to lock 1.09% of its circulating supply worth $ 10.08 million.
- April 16: Arbitum (Arb) to lock 2.01% of its circulating supply worth $ 27.17 million.
- April 18: Official Trump (Trump) to unlock 20.25% of its circulating supply worth $ 325.97 million.
- April 18: Fast -token (FTN) to lock 4.65% of its circulating supply worth $ 82.60 million.
- April 18: UxLink (UxLink) to lock 11.09% of its circulating supply worth $ 18.29 million.
- April 18: Immutable (IMX) to lock 1.37% of its circulating supply worth $ 10.07 million.
- Token launches
- April 15: WalletConnect token (WCT) to be performed on Binance, Bitget, Ascendex, Bingx, BYDFI, LBANK, COIN LIST and others.
- April 16: Badger (Badger), Balacner (BAL), Beta Finance (Beta), Cortex (CTXC), Cream Finance (Cream), Firo (Firo), Kava Lend (Kava), Zero (Zero), Prosper (PROS), Status (SNT), Troy), Unilend Finance (UFT), Well Dao (Well) ALWAYS BRANT FROM BINANCE.
- April 22: Hyperlane to air to its hypertokens.
Conferences:
Token Talk
By Shaurya Malwa
- Story Protocol’s IP -Tokens experienced a decrease of 20% and recovery within a few hours during an unusual trade session Monday.
- Trade volume rose on exchanges, including Binance and OKX spot, with $ 138 million registered after the price setup.
- The sudden price movement was isolated from wider market trends that triggered speculation about insider activity or coordinated sales.
- Also on Monday, Mantras fell over 90% in hours and fell from about $ 6.30 to as low as 37 cents and wiped out over $ 5 billion in market value.
- The token has since rebound a little to trade about 63 cents.
- Laser Digital, a nomura-supported investor, was originally marked to deposit $ 41 million into OKX, but the company refused to sell and clarified that it was a security return from a financing trade. Shorooq -Investors also refused sales.
Derivatives Location
- BTC shorts have been liquidated on most exchanges over the last 24 hours, excluding Bitmex and Gate.io, according to Coinglass. The opposite is the case in ETH.
- XRP’s Eternal Futures Open Interest has fallen from 544.7 million XRP to 480 million XRP, diverging from the award expenses seen since Monday last week.
- Sui, Ondo, ADA and APT have seen a remarkable increase in Futures’s open interest in the last 24 hours. Of those, XMR is the only one with the positive OI adjusted cumulative volume-Delta that represents Net Auto Pressure.
- On the dismissed, the card-dated BTC and ETH settings continue to show a bias for protective puts, which suggests gently mood.
- Streams on the OTC Desk Paradigm have been mixed with both calls and sets purchased in the April outlet.
Market Movement:
- BTC has risen 1.19% from 1 p.m. 16 A Monday to $ 85,877.18 (24 hours: +1.35%)
- ETH has increased 0.59% of $ 1,645.30 (24 hours: -1.97%)
- Coindesk 20 has increased 0.99% at 2,519.69 (24 hours: +0.19%)
- Ether Cesr Composite Pooring Rate has risen 18 BPS at 3.18%
- BTC -Financing rate is 0.0184% (6,7003% annual) on Binance
- DXY is unchanged at 99.70
- Gold has risen 1.26% of $ 3,245.30/oz
- Silver has increased 0.81% of $ 32.35/OZ
- Nikkei 225 closed +0.84% at 34,267.54
- Hang bed closed +0.23% at 21,466.27
- FTSE has increased 0.92% at 8.209.04
- Euro Stoxx 50 has increased 0.82% at 4,951.51
- DJIA closed Tuesday +0.78% at 40,524.79
- S&P 500 CLOSED +0.79% at 5,405.97
- Nasdaq closed +0.64% at 16,831.48
- S&P/TSX Composite Index Closed +1.18% at 23,866.50
- S&P 40 Latin America closed +1.8% at 2,340.02
- US 10-year-old Treasury has risen 1 BP of 4.39%
- E-MINI S&P 500 FUTURES have increased 0.12% at 5,447.25
- E-MINI NASDAQ-100 FUTURES rose 0.26% at 18,983.25
- E-MINI DOW JONES Industrial Average Index Futures are unchanged to 40,750.00
Bitcoin -Statistics:
- BTC Dominance: 63.80 (0.16%)
- Ethereum to Bitcoin ratio: 0.01913 (-0.31%)
- Hashrate (Seven-Day Sliding Average): 896 EH/S
- HashPrice (stain): $ 44.1 pH/s
- Total fees: 6.33 BTC / $ 536.017
- Cme futures open interest: 134,730
- BTC priced in gold: 26.6 oz
- BTC VS GOLD MARKET CAP: 7.56%
Technical analysis
- On Monday, the Bitcoin Cash-Bitcoin (BCH/BTC) relationship failed to penetrate the trend line that characterized the 12-month bear market.
- A potential move across the trend line could see breakout dealers participate in the market and lift BCH higher.
Crypto shares
- Strategy (Mstr): CLOSED MONDAY OF $ 311.45 (+3.82%), an increase of 0.62% to $ 313.38 in Pre-Market
- COINBASE GLOBAL (COIN): CLOSED TO $ 176.58 (+0.62%), an increase of 1.28% to $ 178.84
- Galaxy Digital Holdings (GLXY): Closed to C $ 15.81 (+3.47%)
- Mara Holdings (Mara): Closed to $ 12.95 (+3.52%), an increase of 1.24% to $ 13.11
- Riot Platforms (Riot): Closed to $ 7.01 (-0.71%), an increase of 0.71% to $ 7.06
- Core Scientific (Corz): Closed to $ 7.06 (-0.14%)
- CLEANSPARK (CLSK): CLOSED TO $ 7.78 (+3.73%), an increase of 1.29% to $ 7.88
- COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): CLOSED TO $ 12.70 (+1.44%), an increase of 1.44% to $ 12.90
- Semler Scientific (SMLR): Closed to $ 34.26 (+1.48%)
- Exodus Movement (2.
Etf is flowing
SPOT BTC ETFS:
- Daily Net Tream: 1.5 million dollars
- Cumulative net streams: $ 35.46 billion
- Collected BTC holdings ~ 1.11 million
SPOT ETH ETFS
- Daily Net Tream: -6 million dollars
- Cumulative net streams: 2.28 billion dollars
- Collected ETH holdings ~ 3.36 million
Source: Father’s page -Investors
Flows overnight
Today’s chart
- The diagram shows that the demand for the Solana network has cooled significantly from the hard days of January.
- Both DEX volumes and the average transaction fee have crashed and validated the fall in the Sun -token Prize.
While you were asleep
In ether