Crypto Market Weekly Review

Market Overview

This week, the capital flow of Bitcoin ETFs has been relatively stable, with only a small outflow of 13 million dollars, which has limited impact on the overall trend. Since February of this year, ETF funds have shown a continued net inflow, and there are no obvious signs of a reversal of this trend.

The price of Bitcoin has been fluctuating narrowly between $82,000 and $86,000 this week. The market is likely to continue this oscillation trend until the macroeconomic policy direction becomes clear. Market sentiment indicators show that the greed and fear index has hovered around 30 over the past week, indicating that market sentiment is still in a state of panic.

On the Ethereum front, ETFs have experienced net outflows for nine consecutive weeks, with a net outflow amount of $32.3 million last week. The ETH/BTC exchange rate has fallen below 0.019, nearing its historical low. Ethereum's market share has dropped to 7.1%, marking a nearly five-year low. Currently, there is little hope for significant improvement in the fundamentals of Ethereum projects in the short term, and market confidence has plummeted to rock bottom.

Performance of Popular Cryptocurrencies

The top-performing cryptocurrencies this week include FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR. Among them, MUSKIT saw a weekly increase of 247.53%, followed closely by VOXEL, which rose by 234.94%, reaching a peak price of 0.1423 USDT. LBR also performed well with a weekly increase of 166.46%.

Overview of the US Stock Market and Important Events

Last week (April 14 to 18), U.S. stocks showed an overall downward trend. The S&P 500 index fell by 1.5%, the Dow Jones index dropped by 2.7%, and the Nasdaq index decreased by 2.6%. Market fluctuations were mainly influenced by tariff policy adjustments and corporate earnings reports. The tariff exemption policy led to a brief rebound, but concerns over U.S.-China trade frictions and chip export restrictions put pressure on technology stocks.

In terms of individual stocks, UnitedHealth Group's earnings report fell short of expectations, dragging down the performance of the Dow Jones Index. Meanwhile, Taiwan Semiconductor Manufacturing Company's strong earnings report provided support for the Nasdaq Index.

Upcoming important events include:

• At 2 a.m. Beijing time on April 24th, the Federal Reserve will release the Beige Book on economic conditions.
• On April 25, the U.S. Securities and Exchange Commission will hold the third crypto policy roundtable, focusing on custody issues.

Project Updates

• Balance has announced the EPT token economic model, and the token generation event (TGE) will start on April 21.
• The cross-chain interoperability protocol Hyperlane plans to conduct an airdrop of HYPER tokens on April 22, with 57% of the total supply allocated to community users.
• The lending protocol Dolomite announced that the DOLO token TGE will officially start on April 24, and users can receive DOLO tokens from that day, with 20% being distributed as an airdrop to platform users.
• Sonic Labs official .sonic domain public sale is expected to start this week, with the specific time yet to be determined.