Today is April 10, 2025, Thursday. The market right now is just like children playing house. Early yesterday morning, Trump suddenly announced a pause on tariffs, stating that the nationwide reciprocal tariffs would be suspended for 90 days just one day after announcing them. One must say that cryptocurrency has now become a US dollar asset. American policies can almost entirely sway the market's ups and downs.
The most amusing thing is that four hours before announcing the tariff pause, Trump publicly encouraged everyone to buy the dip! Trump, by his own efforts, has made the US stock market behave like cryptocurrency, where price movements can be controlled just by calling out.
The market is encouraged, US stocks have rebounded sharply, and Bitcoin has also seen a significant rebound, returning to over 82000, while ETH has risen from 1300 to 1600; the entire altcoin market has also experienced a wave of significant rebounds. However, the sustainability of this rebound cycle won't be too long, as market sentiment is still quite fragile, and we need more substantial good news to stabilize it. The larger cycle is still adjusting, and we need to be patient and wait for the market to truly catch its breath.
The news tonight is that the US will announce March CPI data. Although the expected numbers are lower than last month, which may slightly soothe the market, the impact is limited. Now everyone is more concerned about the April inflation data to be released in May. Due to the news of a 90-day tariff extension, the possibility of a rate cut in May is basically gone, but luckily the probability of a rate cut in June has exceeded 50%, which looks promising. However, once the CPI data comes out tonight, this probability will definitely change. Inflation fears unpredictable expectations the most, but regardless of whether the data is good or bad, there are no hopes for May. The key is that if the data is extremely poor, it might jeopardize the rate cut in June.
Another noteworthy piece of news is that Paul Atkins has officially become the chairman of the US SEC. This means that the staking process for Ethereum spot ETFs may be starting, and perhaps big players like BlackRock will follow suit in applying. This is definitely a substantial benefit for Ethereum, but don't forget to keep an eye on Bitcoin—if Bitcoin doesn’t perform well, even if Ethereum focuses on staking, it will be hard to see progress. The pressure from tariffs has temporarily eased; while Bitcoin may not surge, at least there’s no major negative news in the short term. So don’t listen to people shouting that Ethereum will hit 3000 or 4000; the staking process can indeed bring in new funds, but we need to stay clear-headed. We are still in a macro tightening phase, so we should closely monitor the fund flows of Ethereum ETFs to see what the Americans' attitude is.
Finally, I would like to remind everyone that the second round of BN delisting voting has already started. Those with a market value of ten to twenty million are dangerous high-pressure varieties, and those holding should timely switch their holdings. Don't think about trying to buy the dip when prices hit the bottom; be cautious when picking up. In 2025, profit opportunities will only concentrate on a few projects, and most air coins will perish. Keeping your eyes open and being prudent is the key! Overall, the market is in a very delicate phase now. In the short term, the tariff pause has provided an opportunity to catch a breath, but in the medium to long term, we still need to watch the inflation data and the Federal Reserve's direction. Although there are favorable expectations for Ethereum, we also need to consider Bitcoin's performance. In terms of investment strategy, it is advisable to focus on mainstream coins and stay away from altcoins that could be delisted at any moment. Remember, in such a volatile market, surviving longer is more important than making quick money. Patiently wait for the real trend to become clear, and don't let short-term fluctuations lead you astray.
Today's article will stop here for now, see you next time!