Easing Inflation and Rebounding Risk Appetite Drive Market Rally, While Crypto Faces Technical Resistance
Summary
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Macro Economy: U.S. March PPI came in below market expectations across the board, easing short-term inflation concerns. Combined with renewed expectations of U.S.–Iran talks, risk appetite rebounded broadly, pushing global assets higher. Oil prices briefly fell below $90, while U.S. equities and Treasuries rallied simultaneously. The Nasdaq posted a 10-day winning streak—its longest since 2021—indicating a notable recovery in market sentiment.
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Crypto Market: Supported by improving macro sentiment, Bitcoin briefly broke above its previous high of $76,000, but later faced technical resistance and gave back gains, closing down 0.36% on the day. Bitcoin dominance rose to 60%, suggesting that risk appetite has not yet rotated into altcoins, with capital still concentrated in major assets.
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Project Updates
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Trending Tokens: RAVE, ZAMA, ENJ
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RAVE: Surged another 126% in 24h amid a short squeeze; funding rates briefly hit the lower bound, with liquidation volume second only to BTC and ETH.
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Chinese meme sector rallied broadly, with “Binance Life” rebounding nearly 10x from lows, lifting related tokens such as Hakimi and Snowball.
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CRCL: Circle’s founder confirmed that Arc Network will launch a token; CRCL tokenized stock rose 8% in 24h.
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ZAMA: Jumped over 30% on listing news from Upbit and Bithumb.
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CC: Listed on Upbit (KRW, BTC, USDT pairs); previously, HSBC announced a tokenized deposit pilot on the Canton Network. CC rose 5% in 24h.
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APT: Aptos updated tokenomics, lowering staking rewards to 2.6% and increasing gas fees.
Major Asset Performance
Data as of Apr 15, 2026, 00:00 (UTC+0)
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BTC: $74,141.50 (-0.36%)
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ETH: $2,322.40 (-1.96%)
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S&P 500: 6,967.38 (+1.18%)
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NASDAQ: 23,639.08 (+1.96%)
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WTI: $92.02 (-5.94%)
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Crypto Fear & Greed Index: 23 (vs. 21 24h ago), Extreme Fear
Today’s Outlook
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DBR unlock: 14.16% of circulating supply (~$9.94M)
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CYBER unlock: 5.76% (~$1.76M)
Macro Developments
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Pakistan invited the U.S. and Iran for a second round of talks in Islamabad; timing remains undecided. Trump stated talks could take place “within the next two days.”
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Trump claimed the Iran war has ended; the U.S. Vice President expressed optimism about developments.
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Israel–Lebanon–U.S. trilateral talks concluded, with agreement to initiate direct negotiations.
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U.S. March PPI rose 4% YoY (highest since Feb 2023) but below expectations (4.6%); MoM +0.5% vs. expected +1.2%.
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Bessent: Tariff levels may revert by early July to pre–Supreme Court repeal levels.
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Fed’s Goolsbee: If war-driven oil price pressures persist, rate cuts may be delayed until 2027.
Crypto Policy
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Senator Thom Tillis plans to release a draft this week addressing stablecoin yield issues under the Clarity Act.
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U.S. lawmakers passed a revised bill to revisit crypto taxation policy.
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Trump reiterated that U.S.–Iran talks may occur in Pakistan “within the next two days.”
Industry Highlights
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Fed Chair nominee Warsh disclosed crypto holdings.
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Goldman Sachs plans to launch a “Bitcoin premium yield ETF.”
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Tether launched a self-custody wallet: tether.wallet.
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Circle founder confirmed Arc Network token issuance.
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Scroll proposed dissolving its security council, transferring governance to a multisig.
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Metaplex launched Agent Tokens on Solana, enabling AI agents to issue tokens.
Weekly Outlook
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Apr 15: BoE Governor Bailey speaks at Columbia University; ECB President Lagarde speaks; DBR & CYBER token unlocks.
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Apr 16: Senate hearing on Warsh nomination as Fed Chair; Fed Governor Bowman speaks; Bailey addresses global imbalances at IMF; Eurozone CPI (final); NY Fed President Williams speaks; G20 finance ministers & central bank governors meeting; ARB unlock (14.16%, ~$13.86M).
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Apr 17: SPK (10.94%, ~$5.83M), ASTER (6.64%, ~$109M), IR (13.48%, ~$6.63M) unlocks.
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Apr 18: Richmond Fed President Barkin speaks.
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TBD: U.S.–Iran conflict developments.