#BinanceEarnYieldArena ☄️ MIDWEEK DIGEST☄️ Bitcoin’s WORST Q1, Tariffs Impact and $XRP ETF This week has truly been one for the books, keeping everyone on the edge of their seats! Let’s explore the latest news: $1.58 BILLION LIQUIDATED + Trump’s Tariff U-Turn Sparks Market Rebound On April 7, the market took a hit, with $1.58B liquidated from crypto markets and stock markets crashing, triggering trading halts. However, after Trump reversed his tariff stance, Bitcoin surged to nearly $82,000, boosting investor confidence and lifting the crypto market. XRP, ETH → +12% SOL, ADA, BNB, DOGE → +10% Total Market Cap → +6% Futures saw $350M in short liquidations. Some traders see this as a buying chance, but risks remain. 🪙 First XRP ETF Hits the Market Teucrium is launching the first-ever XRP ETF in the U.S. This ETF (XXRP) will let invest#ors bet on XRP’s price using leverage, meaning they can make double the profit or loss from XRP’s price changes. XXRP will start trading on the NYSE Arca on Tuesday, even though there’s no approval yet for a standard XRP ETF. The fund charges a 1.85% fee and could be risky because XRP’s price can change a lot. XRP jumped 6.5% in the 24 hours after the news, following a broader market rally. 💰 Bitcoin Has Worst First Quarter in 10 Years Bitcoin dropped 11.7% in Q1, its worst start in a decade, ranking 12th out of 15 first quarters. The last time it performed this poorly was in 2015, but prices bounced back the next year. Despite a 9.4% drop in Q1 2020, Bitcoin finished the year up over 300%. Economic uncertainty and Trump’s tariffs are affecting markets, but weak Q1s don’t always mean bad news — Bitcoin has recovered in half of the years it started negative, so there’s still hope for a rebound.
Stablecoin Surge Signals A Rubicon For Insitutional Crypto Investment
Over the past month, stablecoins have been on the tip of every crytpocurrency tongue. From Solana’s record stablecoin supply to the introduction of legislation that provides regulatory clarity to the industry in both the U.S. House of Representatives and the U.S. Senate, stablecoins are hot.
In an X.com post on Monday, Lookonchain, an analytics platform that uses AI to analyze on-chain data for cryptocurrencies, highlighted a $4.5 billion surge in stablecoin activity on Ethereum and Tron blockchains, marking a significant shift in market dynamics and further highlighting the growing importance of stablecoins in the crypto ecosystem. #StablecoinSurge