Key Takeaways
Trump's tariff measures have triggered global retaliation—after China announced reciprocal tariffs, the EU plans to impose two rounds of countermeasures. Escalating trade tensions have pushed risk markets into extreme bearish territory, with sentiment-driven volatility intensifying. A false rumor about "delaying tariffs for 90 days" caused a 10% intraday spike in U.S. stocks, which reversed after the White House denied the claim. Major indices closed mixed: the Nasdaq narrowly gained, while the S&P 500 fell for the fourth straight day. Bitcoin briefly crashed below 75,000 before rebounding to test 81,200 resistance. Bitcoin dominance rose 0.32%, while altcoins remained sluggish.
Major Assets Changes
Crypto Fear & Greed Index: 24(23 a day earlier), indicating "Extreme Fear."
Macro Economy
-
White House: Claims about a 90-day tariff pause are "fake news."
-
Goldman Sachs cut U.S. growth forecasts and raised recession odds.
-
Trump: "The Fed should cut rates."
-
EU tariffs on U.S. imports take effect April 15.
-
Trump rejected tariff suspensions, calling the EU’s proposal "completely inadequate" but hinted at negotiations.
-
U.S. NEC Director: Over 50 countries are in tariff talks. Trump: "The world is engaging with our standards."
Industry Highlights
-
SEC issued stablecoin guidance, stating that "regulated stablecoins" are not securities.
-
SEC Chair nominee Paul Atkins passed the Senate Banking Committee vote, advancing to a full Senate vote.
-
South African Revenue Service: Crypto traders must register or face legal consequences.
-
Brazilian court authorized seizing crypto for debt repayment.
-
SEC will hold a second crypto regulation roundtable on April 11.
-
STRATEGY made no Bitcoin purchases last week.
-
MSTR faces ~$6B unrealized BTC losses in Q1.
-
Tether may launch a U.S.-only stablecoin.
-
WLFI plans a small USD1 airdrop test for token holders.
Project Highlights
-
No notable altcoin movements.
-
GMX v1 liquidated legacy BTC positions, generating $13M in fees (partly for GMX buybacks).
Weekly Outlook
-
April 8: TNSR unlocks 35.86% of circulating supply (~$15.1M).
-
April 9: Trump’s "reciprocal tariffs" take effect. U.S. House hearing on digital asset regulation. SAGA unlocks 118.54% of circulating supply (~$35.1M).
-
April 10: Fed releases March FOMC minutes. U.S. March CPI data. China imposes 34% tariffs on U.S. goods.
-
April 11: U.S. March PPI data. SEC’s second crypto regulation roundtable.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
