Crypto Market Weekly Report: BTC fluctuates, ETH is weak, follow the movements of the Fed and SEC

This week, the cryptocurrency market is overall showing a volatile trend. BTC ETF capital flow is relatively stable, while ETH continues to face pressure, and some niche tokens are performing well. Meanwhile, the US stock market also experienced a week of fluctuations.

Overview of Mainstream Crypto Market

Bitcoin ETF saw a slight outflow of about $13 million this week, but the overall impact is limited. The trend of continued net inflows into ETFs since February has not significantly changed. Bitcoin prices have been fluctuating within the range of $82,000 to $86,000, and future trends may continue to be influenced by macroeconomic policies. Market sentiment indicators show that investors remain in a cautious wait-and-see mode.

The Ethereum market is performing poorly, with ETFs experiencing net outflows for nine consecutive weeks, amounting to $32.3 million this week. The ETH/BTC exchange rate has fallen below 0.019, nearing historical lows. The market capitalization of Ethereum has dropped to 7.1%, marking a new low in nearly five years. In the short term, significant breakthroughs in the Ethereum ecosystem seem unlikely, and market confidence remains low.

Performance of Popular Tokens

This week, some niche tokens performed outstandingly. Among them, MUSKIT's price soared by 247.53%, VOXEL rose by 234.94%, peaking at 0.1423USDT. LBR also saw an increase of 166.46%. FARTCOIN and COMBP also performed well.

Dynamics of the US Financial Market

The US stock market fell overall last week, with the S&P 500 index, Dow Jones index, and Nasdaq index dropping by 1.5%, 2.7%, and 2.6%, respectively. The market was significantly affected by multiple factors such as trade policies and corporate earnings reports, showing noticeable volatility. Technology stocks were greatly impacted by the US-China trade relations and export controls.

It is worth following that the performance of a large healthcare company fell short of expectations, dragging down the Dow Jones index, while the excellent financial report of a Taiwanese semiconductor giant provided support for the Nasdaq.

Important Event Preview

• April 24: The Fed will release the latest Beige Book report on economic conditions.
• April 25: The U.S. Securities and Exchange Commission holds its third cryptocurrency policy roundtable, focusing on custody issues.

Project Dynamics

• The Balance project plans to launch the EPT token issuance on April 21, and a certain trading platform will simultaneously go live with trading.
• The cross-chain protocol Hyperlane will conduct an airdrop of HYPER tokens on April 22, with 57% of the total supply allocated to community users.
• The lending protocol Dolomite announced that the DOLO token will officially be issued on April 24, with 20% of the tokens to be airdropped to platform users.
• Sonic Labs official .sonic domain public sale is about to start, specific time to be determined

Market participants should closely follow the developments of these events and make investment decisions based on their own risk tolerance.