Crypto Market Weekly Review

This week, the crypto market has shown a volatile trend. The fund flow of Bitcoin ETFs has been relatively stable, with a slight outflow of about $13 million, having a limited impact on the overall trend. Since February, the ongoing net inflow of ETF funds has not shown any significant changes. The Bitcoin price has been fluctuating narrowly within the range of $82,000 to $86,000, as the market seems to be waiting for clearer macroeconomic policy signals. Market sentiment indicators show that investors are generally remaining cautious, and panic sentiment still exists.

The Ethereum market is relatively weak. ETH ETFs have seen net outflows for the ninth consecutive week, with an outflow amount of $32.3 million last week. The ETH/BTC exchange rate has fallen below 0.019, approaching historical lows. Ethereum's share in the entire crypto market has dropped to 7.1%, reaching a nearly five-year low. Currently, the fundamentals of Ethereum projects are unlikely to show significant improvement in the short term, and market confidence is at a low point.

In certain cryptocurrencies, FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR have performed exceptionally well. Among them, MUSKIT surged by 247.53% this week, followed closely by VOXEL with a rise of 234.94%, reaching a peak price of 0.1423 USDT. LBR also achieved a growth of 166.46%.

The US stock market showed an overall downward trend last week. The S&P 500 index, Dow Jones index, and Nasdaq index fell by 1.5%, 2.7%, and 2.6%, respectively. The market was highly volatile, mainly influenced by changes in trade policies and corporate earnings reports. The brief rebound brought by tariff exemptions was offset by concerns over US-China trade relations and technology export restrictions. The disappointing earnings report from healthcare giant UnitedHealth weighed down the Dow Jones index, while the strong performance of Taiwanese semiconductor manufacturers provided some support for the Nasdaq.

In the upcoming important events, the Federal Reserve will release its economic conditions Beige Book on April 24. Additionally, the U.S. Securities and Exchange Commission plans to hold its third crypto policy roundtable on April 25, focusing on custody-related issues.

In terms of project dynamics, Balance announced the economic model of the EPT token and will launch the token generation event (TGE) on April 21. The cross-chain interoperability protocol Hyperlane plans to conduct an airdrop of the HYPER token on April 22, with 57% of the total supply allocated to community users. The lending protocol Dolomite announced that its DOLO token TGE will officially begin on April 24, allowing users to claim tokens starting that day, with 20% of DOLO tokens to be distributed as an airdrop to platform users. Additionally, the public sale of the official .sonic domain by Sonic Labs is also about to start, with the specific timing yet to be determined.