BitMart Market Weekly Report
According to BitMart's market report on April 21, the cryptocurrency market showed overall fluctuations this week, with mainstream coins exhibiting divergent performances.This Week's Cryptocurrency Market Dynamics
BTC ETF saw a slight outflow of $13 million, which is almost negligible, and the trend of continuous net inflow of ETF funds since February this year has not shown a significant reversal. Last week, the BTC price remained in a narrow fluctuation range of $82,000 to $86,000, and the oscillating trend may continue until macroeconomic policies become clearer. The greed and fear index has remained around 30 for the past week, indicating that market sentiment is still in a state of panic.
Last week, ETH ETF experienced a net outflow of $32.3 million, marking nine consecutive weeks of net outflows; the ETH/BTC exchange rate fell below 0.019, approaching historical lows; ETH's market share dropped to 7.1%, a figure that marks a nearly five-year low; the fundamentals of the Ethereum project are unlikely to undergo significant changes in the short term, leading to a collapse in market confidence.
This Week's Popular Cryptocurrencies
In terms of popular cryptocurrencies, FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR have all performed well. MUSKIT's price increased by 247.53% this week, VOXEL's price rose by 234.94%, reaching a peak price of 0.1423 USDT, and LBR's price increased by 166.46%.
U.S. Market Overview and Hot News
U.S. stocks fell overall last week (April 14 to 18), with the S&P 500 index down 1.5%, the Dow Jones down 2.7%, and the Nasdaq down 2.6%, mainly affected by tariff policies and earnings reports. The market experienced significant volatility, with tariff exemptions providing a short-term rebound, but concerns over the U.S.-China trade war and chip export restrictions weighed on tech stocks.
UnitedHealth's earnings report fell short of expectations, leading to a decline in the Dow Jones, while strong earnings from Taiwan Semiconductor Manufacturing boosted the Nasdaq.
At 2 AM Beijing time on April 24, the Federal Reserve will release its Beige Book on economic conditions;
The U.S. SEC will hold its third cryptocurrency policy roundtable on April 25, focusing on custody issues;
Popular Sectors and Project Unlocks
Balance announced the EPT token economic model, with the TGE set to launch on April 21, and Gate.io will list the EPT token on the same day;
The cross-chain interoperability protocol Hyperlane will 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 start on April 24, and users can begin claiming DOLO tokens on that day, with 20% of DOLO tokens distributed as an airdrop to platform users;
Sonic Labs plans to publicly sell the official .sonic domain, with the specific timing yet to be determined;
Risk Warning:
The risks associated with using BitMart services are entirely borne by you. All cryptocurrency investments (including returns) are inherently highly speculative and involve significant risk of loss. Past, hypothetical, or simulated performance does not guarantee future results.
The value of digital currencies may rise or fall, and buying, selling, holding, or trading digital currencies may involve substantial risks. You should carefully consider whether trading or holding digital currencies is suitable for you based on your individual investment goals, financial situation, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.
