Crypto Market Weekly Review

Market Overview

This week, the crypto market showed signs of fluctuation. The fund flow situation of major digital asset ETFs indicates a slight outflow of $13 million for BTC-related ETFs, which has a minimal impact, and the net inflow trend since February of this year has not significantly changed. The price of BTC has been fluctuating within the range of $82,000 to $86,000, as the market awaits clearer signals on macroeconomic policies. Market sentiment indicators show that the Fear Index continues to hover around 30, reflecting that the current market is still in a state of panic.

The ETH market performed poorly, with ETFs experiencing net outflows for nine consecutive weeks, and the outflow amount reached $32.3 million last week. The ETH/BTC exchange rate fell below 0.019, approaching a historical low. The proportion of ETH in the overall crypto market has dropped to 7.1%, marking a new low in nearly five years. In the short term, significant breakthroughs in Ethereum's fundamentals are unlikely, and market confidence has clearly declined.

Performance of Popular Cryptocurrencies

The outstanding cryptocurrencies this week include FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR. Among them, MUSKIT had the largest increase, reaching 247.53%; VOXEL followed closely with a rise of 234.94%, hitting a peak price of 0.1423USDT; LBR also experienced an increase of 166.46%.

U.S. Financial Market Dynamics

The US stock market overall declined last week (from April 14 to 18). The S&P 500 index fell by 1.5%, the Dow Jones index dropped by 2.7%, and the Nasdaq index decreased by 2.6%. The market experienced significant fluctuations due to factors such as adjustments in tariff policies and corporate earnings reports. The tariff exemption policy led to a brief rebound, but concerns over US-China trade frictions and chip export controls affected the performance of technology stocks.

In terms of individual stocks, UnitedHealth's earnings report fell short of expectations, dragging down the Dow Jones index; meanwhile, the excellent performance of Taiwanese semiconductor manufacturers provided support for the Nasdaq.

Recent Important Events

• The Federal Reserve will release the Beige Book on economic conditions at 2 AM Beijing time on April 24.
• The U.S. Securities and Exchange Commission plans to hold its third crypto policy roundtable on April 25, focusing on custody-related issues.

Project Updates

• Balance announced the EPT token economic model, which will launch the token generation event (TGE) on April 21.
• The cross-chain protocol Hyperlane is expected to conduct the HYPER token airdrop on April 22, with 57% of the total supply allocated to community users.
• The lending platform Dolomite announced that the TGE for the DOLO token will begin on April 24, when users can claim the tokens, with 20% distributed as an airdrop.
• The official Sonic Labs .sonic domain public sales plan will start this week, with the specific time to be determined.