Crypto Market Review This Week

This week, the crypto market has shown a volatile trend. The fund flows for Bitcoin ETFs have remained relatively stable, with only slight outflows, failing to change the overall net inflow trend seen since the beginning of this year. Bitcoin's price has fluctuated within the range of $82,000 to $86,000, as the market awaits clearer guidance on macroeconomic policies. The Fear and Greed Index has continued to hover around 30, reflecting that investor sentiment remains cautious.

The Ethereum market performance is relatively weak. The ETH ETF has experienced a net outflow of funds for nine consecutive weeks, with an outflow amount of 32.3 million USD last week. The ETH/BTC exchange rate has fallen below 0.019, approaching historical lows. The market share of Ethereum in total market capitalization has dropped to 7.1%, marking a new low in nearly five years. Currently, there are few significant breakthroughs in the fundamentals of Ethereum projects in the short term, and market confidence remains low.

In terms of popular cryptocurrencies, FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR have stood out. Among them, MUSKIT saw a remarkable increase of 247.53% this week, followed closely by VOXEL, which rose by 234.94%, reaching a peak price of 0.1423USDT. LBR also experienced a significant increase of 166.46%.

The US stock market showed a downward trend overall last week, with the S&P 500 index, Dow Jones index, and Nasdaq index falling by 1.5%, 2.7%, and 2.6% respectively. The market was influenced by a dual impact of changes in trade policies and corporate earnings reports, leading to increased volatility. United Health's performance fell short of expectations, dragging down the Dow Jones index, while strong earnings reports from Taiwanese semiconductor manufacturers provided some support for tech stocks.

Recent important events include: The Federal Reserve will release the Beige Book on economic conditions in the early hours of 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 dynamics, Balance has announced that the Token Generation Event (TGE) for the EPT token will start on April 21. The cross-chain protocol Hyperlane plans to conduct an airdrop of HYPER tokens on April 22, with 57% of the total supply allocated to community users. The TGE for the DOLO token of the lending platform Dolomite is scheduled to begin on April 24, with 20% of the tokens distributed as airdrop rewards to platform users. Additionally, the public sale of .sonic domains by Sonic Labs is also expected to kick off this week, with the specific timing to be determined.