Weekly highlight
Bitcoin Surges Past $82K
Bitcoin rallied sharply amid easing trade tensions, crossing $82,000. The increase comes as markets priced in optimism following Trump’s temporary suspension of new tariffs on non-retaliatory countries.
XRP ETF Launch Spurs Rally
XRP surged 14.32% to $2.00 after the launch of the XXRP ETF on NYSE Arca. An important step toward establishing XRP as an institutional-grade asset was taken with this move.
Trump Pauses Tariffs, Except on China
President Trump suspended new tariffs for 90 days on all nations except China, which now faces a 125% tariff. The announcement led to a record-breaking rally in U.S. equity markets, with the S&P 500 posting its biggest one-day gain since 2008.
Fed Warns of Stagflation Risks
FOMC minutes released on April 9 highlighted rising inflation concerns and slowing economic growth, sparking fears of a potential stagflation scenario later in 2025.
$1.8B Liquidated in 48 Hours
Crypto markets experienced $1.8 billion in liquidations over two days, driven by volatility around U.S. trade policy. Over 560,000 traders were liquidated across exchanges.
Market insight
Bitcoin Technical Analysis and USDT Dominance
Bitcoin (BTC) bounced nearly 8% from the key support zone around $76,000, triggered by a confluence of technical demand and macro relief after Trump’s tariff comments. The next resistance is at $85,500–$87,300, which includes the 50-day moving average. A breakout above this range could lead to a move towards $90K, while a rejection could result in another retest of the $76K zone. The structure remains neutral until BTC confirms strength above $87K on a daily close.
USDT Dominance was rejected at the major 6.12% resistance level and is now trading near 5.62%. This pullback suggests a short-term shift toward risk-on sentiment. However, with dominance still above its 50-day MA, market caution hasn’t fully disappeared. A continued drop in USDT.D would favour bullish momentum in crypto.
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Upcoming events to watch
US PPI – April 11, 2025
This indicator measures inflation from the producer’s side and is often a precursor to CPI trends.
- US Core PPI m/m forecast: 0.3% (previous: –0.1%)
- US PPI m/m forecast: 0.2% (previous: 0.0%)
If PPI comes in lower than expected, it suggests that inflationary pressure is easing at the wholesale level.
AXS Token Unlock—-April 12, 2025
The AXS token will be unlocking 9.09 million tokens, equivalent to 5.67% of its circulating supply, totaling $21.73 million. This unlock is a notable event for holders and traders to watch, especially as it spans across 3 allocations and could introduce short-term selling pressure.