🔺The weekend passed quietly: BTC rose slightly and closed the week with a green candle at +6.8%. Most TOP coins also gained +15..25%, while a number of coins (HYPE, Fartcoin, and GMX) showed +40..90% over the week. The market is currently in mixed dynamics: BTC and ETH are stagnating, causing altcoins to move erratically.
🔺No particularly important economic events are expected this week. Key events include speeches from Federal Reserve members from Monday to Wednesday (April 14-16) and a speech from J. Powell regarding further policy, as well as labor market data for the U.S. for March to be released on Thursday (April 17). The markets may be shaken!
🔺At night, the heavyweight token OM from the Mantra project crashed by -87% in just a couple of hours. The team denies any involvement in the coin dump and promises to investigate the reasons for the crash. Experts advise against rushing to buy back: it may be a blatant cashing out on the crowd.
🔺Meanwhile, BTC.D continues to hold extremely high at 63.4%, while the ETH/BTC pair is still searching for a bottom. Despite the turbulent recovery of the S&P index by +5.7% in recent days, the market is gearing up for a new round of trade wars this week. It is crucial for Bitcoin to hold above 86k, otherwise it will go down again.
🔺The largest token unlocks this week. Be careful: possible manipulations with coin rates👇
