Crypto market overview this week

This week, the crypto market continues to show a fluctuating trend. The fund flow for Bitcoin ETFs remains stable, with only a small outflow occurring, and the overall trend still shows a net inflow. Bitcoin's price fluctuates between $82,000 and $86,000, with market sentiment leaning towards caution, and the greed and fear index staying around a low level of 30.

The Ethereum market is relatively weak, with ETFs experiencing net outflows for nine consecutive weeks. The ETH/BTC exchange rate has fallen below 0.019, approaching historical lows. Ethereum's market capitalization share has dropped to 7.1%, marking a near five-year low. In the short term, significant improvement in Ethereum's fundamentals is unlikely, and investor confidence remains at a low point.

In terms of popular cryptocurrencies, FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR have shown impressive performance. Among them, MUSKIT had a weekly increase of 247.53%, VOXEL rose by 234.94%, reaching a high of 0.1423 USDT, and LBR increased by 166.46%.

The US stock market fell overall last week, with the S&P 500 index, Dow Jones index, and Nasdaq index dropping by 1.5%, 2.7%, and 2.6%, respectively. Market volatility increased, influenced by multiple factors such as trade policies and corporate earnings reports. The healthcare and technology sectors performed differently, with UnitedHealth's poor performance dragging down the Dow, while TSMC's strong earnings supported the Nasdaq.

Recent important events include: the Federal Reserve will release the Beige Book on economic conditions on April 24; the U.S. Securities and Exchange Commission plans to hold the third crypto policy roundtable on April 25, focusing on custody issues.

In terms of project updates, Balance announced the EPT token economic model, which will launch the token generation event (TGE) on April 21; the cross-chain protocol Hyperlane plans to conduct the HYPER token airdrop on April 22; the TGE for Dolomite's DOLO token is scheduled to start on April 24, while users can begin claiming airdrops; the public sale of Sonic Labs' .sonic domain will also start this week.

Overall, the crypto market is still in a wait-and-see phase, with investors closely monitoring the direction of macroeconomic policies and the latest developments of major projects.