Crypto Assets Market Weekly Review

This week, the Crypto Assets market showed a volatile trend, with Bitcoin ETF fund flows remaining relatively stable, while Ethereum continues to face pressure.

Bitcoin ETFs experienced a slight outflow of approximately $13 million this week, but the overall impact is limited. Since February, there has been no significant reversal in the trend of net inflows into ETFs. The price of Bitcoin has been fluctuating narrowly between $82,000 and $86,000, with the market seemingly waiting for clearer guidance on macroeconomic policies. Market sentiment indicators show that investors remain cautious and in a wait-and-see mode, with panic sentiment still present.

The performance of the Ethereum market has been less than satisfactory. ETH ETFs have seen net outflows for nine consecutive weeks, with outflows reaching $32.3 million this week. The ETH/BTC exchange rate has fallen below 0.019, approaching a historical low. Ethereum's share of the entire Crypto Assets market has dropped to 7.1%, marking a near five-year low. In the short term, the fundamentals of the Ethereum ecosystem are unlikely to show significant improvement, and market confidence has plummeted to a freezing point.

In terms of popular coins, FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR have performed remarkably. Among them, MUSKIT saw a rise of 247.53% this week, with VOXEL following closely behind at 234.94%, reaching a peak price of 0.1423USDT. LBR also performed well, with a weekly increase of 166.46%.

The US stock market showed an overall downward trend last week. The S&P 500 index fell by 1.5%, the Dow Jones index decreased by 2.7%, and the Nasdaq index dropped by 2.6%. The market was significantly affected by changes in tariff policies and corporate earnings reports. Although tariff exemptions led to a brief rebound, the uncertainty in US-China trade relations and the chip export restrictions continued to put pressure on technology stocks. The earnings report of healthcare giant UnitedHealth fell short of expectations, dragging down the performance of the Dow Jones index. However, the strong performance of Taiwan's semiconductor manufacturing provided some support for the Nasdaq index.

In the coming week, investors should pay attention to the following important events:

1. The Federal Reserve will release its Economic Conditions Beige Book at 2:00 AM Beijing time on April 24.
2. The U.S. Securities and Exchange Commission ( SEC ) plans to hold the third encryption policy roundtable on April 25, focusing on custody-related issues.

In terms of project dynamics:

• Balance has announced the economic model for the EPT token and plans to launch the Token Generation Event (TGE) on April 21.
• The cross-chain interoperability 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 TGE of its DOLO token will officially launch on April 24, and users can start claiming tokens from that day, with 20% of DOLO tokens being distributed as an airdrop to platform users.
• Sonic Labs plans to launch the public sale of its official .sonic domain this week, with the exact time yet to be determined.