This week (March 31 - April 6) the crypto market experienced strong movements, with a massive drop yesterday that left us all on alert. Here’s the summary with prices and analysis. Time to adjust strategies!
Featured news:
• March 31 – BTC under pressure: Bitcoin closed March at 83,400 USD (-2%). BlackRock warned about inflation due to Trump's policies (CoinGape).
• March 31 – Trump in crypto: The Trump family took a stake in American Bitcoin, strengthening their crypto bet (Reuters).
• April 2 – Slight drop: BTC fell to 86,000 USD (-0.24%), while stablecoin regulation is debated (Economic Times).
• April 3 – Trump's tariffs: New tariffs from Trump caused trade tensions, impacting crypto markets (CNBC).
• April 4 – ETF on the horizon: BlackRock plans XRP and Solana ETFs for 2025, but XRP has fallen 28% since its peak (FXEmpire).
• April 4 – Big movements: MicroStrategy bought +22,048 BTC, Circle filed for IPO, and Pi fell below 0.60 USD (X).
• April 5 – FTX Alert: 400K FTX users could lose 2.5B USD if they do not complete KYC before June 1 (Cointelegraph).
• April 6 – Massive drop: BTC fell below 78,000 USD, ETH/BTC hit 2020 lows, and 585.82M USD were liquidated. The market lost 79B USD in 24 hours, with ETH dropping nearly 10%. Trump's tariffs, inflation, and the stock market crash on March 28 caused panic (posts on X).
• April 6 – Hashrate and risks: BTC's hashrate surpassed 1 Zettahash/sec, but beware of 'address poisoning' scams (Cointelegraph).
Current prices (April 7, 4:16 AM PDT):
• $BTC 77,500 USD
• ETH,900 USD
• XRP: 2.30 USD
• Solana (SOL): 120 USD
• Cardano (ADA): 0.72 USD
• Ondo (ONDO): 0.90 USD
• Hedera (HBAR): 0.15 USD
• Dogecoin (DOGE): 0.24 USD
Quick analysis:
• Sentiment: Negative in the short term. Yesterday's drop reflects fear over Trump's tariffs, high inflation, and trade tensions. The market is in panic, but this could be a dip for the brave.
• Opportunities: $BTC en 75K-77K USD XRP at 2.20 USD and $SOL en 115 USD could be entry points if you believe in recovery. BlackRock's ETFs could boost XRP and SOL in the medium term.
• Risks: More volatility due to macro factors. Beware of scams like 'address poisoning.' Verify addresses when sending funds!
