Crypto Market Weekly Report

This week, the crypto market has shown a volatile trend. In terms of Bitcoin ETF fund flows, there has been a slight outflow, but the overall impact is limited. The trend of net fund inflows since February has not significantly changed. Bitcoin's price has been fluctuating within the range of $82,000 to $86,000, and this volatility pattern may continue in the short term until macroeconomic policies become clearer. Market sentiment indicators show that investors are still in a cautious wait-and-see state.

The Ethereum market is relatively weak. ETH ETFs have seen a net outflow of funds for nine consecutive weeks, totaling over $32 million. The ETH/BTC exchange rate has fallen below 0.019, approaching historical lows. Ethereum's market share in the entire crypto market has dropped to 7.1%, marking a new low in nearly five years. Due to the project's fundamentals showing little significant improvement in the short term, market confidence in Ethereum continues to decline.

In terms of popular cryptocurrencies, FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR have performed remarkably. Among them, MUSKIT has surged by 247.53% this week, followed closely by VOXEL with an increase of 234.94%, reaching a peak price of 0.1423USDT. LBR also recorded a rise 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, influenced by changes in trade policies and corporate earnings reports. Although the tariff exemptions led to a brief rebound, factors such as US-China trade frictions and 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. Meanwhile, the strong performance of Taiwanese semiconductor manufacturers provided some support for the Nasdaq index.

This week's important events include: The Federal Reserve will release its Economic Conditions Beige Book on April 24 at midnight; 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 updates, Balance will launch the EPT token issuance on April 21; the cross-chain protocol Hyperlane is expected to conduct the HYPER token airdrop on April 22; the lending platform Dolomite announced that the DOLO token will officially be issued on April 24; Sonic Labs plans to open public sales of .sonic domain names this week.