DAILY MARKET OVERVIEW

Macro Tension Continues to Rise

👋 Hey, Crypto Enthusiasts! It’s one of those weeks where everything feels like it’s just one headline away from snapping. Let’s dive in.

⚡️ Crypto Caught in a Macro Crossfire

The market is trying to keep its balance, but every gust of macro news sends it wobbling. The latest? A further escalation in the U.S.-China trade war, hitting both traditional and crypto markets yet again.

🇨🇳 China Strikes Back with Tariffs and Blacklists

In retaliation to U.S. tariff hikes, China is raising tariffs on U.S. imports by 50% starting April 10, bringing the total tariff load on certain goods to 84%. The U.S. had just lifted its own rate to 104%, creating a sudden and intense two-sided trade escalation.

More than just taxes:

• 12 new U.S. companies have been added to China’s export control list
  

• Six major firms, including American Photonics and Novotech, are now considered “unreliable entities”, effectively blocking their operations inside China

📉 S&P Takes the Hit, Crypto Follows

The S&P 500 has taken a heavy blow since the first round of tariff announcements last week. An estimated $6.2 trillion in value has been erased, triggering risk-off behavior across equities and digital assets alike.

Traders are now watching the 4800 support level on the S&P 500 like hawks. A clean break below that line could set off a larger cascade in both traditional and crypto markets.

🏦 All Eyes on the Fed

Amid growing macro strain, expectations for a Federal Reserve rate cut in May have intensified. The logic is simple: a slowing economy under pressure from tariffs may force the Fed to provide relief.

However, there’s a twist. If these tariffs cause inflation to rise again, the Fed may be boxed in. That makes the path ahead murky.

For now, markets are trying to front-run the possibility of a dovish pivot. But nothing is confirmed.

🧊 ETF Outflows and Growing Bitcoin Pain

Bitcoin ETF flows continue to look grim. In just four days, net outflows have reached close to $600 million, a signal of fading institutional confidence in the short term.

Meanwhile, according to Analytics from CryptoQuant:

• 26% of Bitcoin’s circulating supply is now underwater, meaning it was purchased at a higher price than the current market value

• For comparison:

  • On December 15, only 0.015% of BTC was underwater

  • On January 18, that number was still only 1.46%

This rapid deterioration shows the speed at which investor sentiment has flipped. The last time supply-in-loss hit this level was September 6, 2023, when the number approached 30%.

This kind of pressure historically precedes significant price inflection points- either a relief bounce or deeper capitulation.

Final Thoughts

The crypto market is trying to find its footing amid mounting macro pressure. While hopes for a Fed rate cut are giving traders some reason to stay long, the fundamentals remain uncertain. Until more clarity emerges, this is still a high-risk environment.

THIS NEWSLETTER IS BROUGHT TO YOU BY:
OPENWALLET

Next-level security for your digital assets

Experience top security with Open Wallet. Your wallet blends user-friendliness with strong security.

SOCIAL SENTIMENT

Traders on Edge: Nervous, Reactive, Watching Every Tick

Traders are sitting on their hands or cutting risk. Emotions are high, portfolios are shrinking, and confidence is wearing thin.

Those who sold early are now watching from the sidelines, waiting for stronger technical or macro confirmation before jumping back in.

🔍 Watching the S&P 500: Key Market Barometer

Crypto sentiment is tightly correlated with equities right now, especially the S&P 500:

• 4800 is the key line - if it breaks, analysts expect a slide toward 4000, which could drag Bitcoin well below $70,000
  

• If it holds, we may see a relief rally in both equities and crypto, led by altcoins that are already showing signs of relative strength

📊 Altcoins Show Early Signs of a Bottom

While Bitcoin is printing equal lows, many altcoins are starting to form higher lows on the charts. This divergence is subtle, but historically, this can be a signal of early accumulation.

Of course, this depends entirely on whether broader risk appetite returns. A bounce in the S&P could create space for altcoins to run. Without that, any move is likely to be short-lived.

🌐 Macro Rumblings Continue

There are rumors circulating in trading circles that something may be starting to crack in the global financial system - but no concrete details have emerged yet. The tension is being reflected in gold, bonds, and crypto correlations.

For now, stay cautious, keep an eye on key levels, and wait for cleaner setups.

💡 In this market, patience is profit. Avoid the chop. Stay sharp.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Binance unveils LDUSDT, a new margin asset that earns rewards
Binance expands its reward-bearing futures products with LDUSDT, offering users passive yield without sacrificing trading liquidity.

Crypto malware hijacks clipboard wallets through fake SourceForge links
Kaspersky warns of malware that silently replaces wallet addresses with attacker-controlled ones, affecting thousands of users.

New York bill proposes blockchain to ensure election transparency
Assemblyman Clyde Vanel wants blockchain tech to play a role in voter integrity and public trust in the state's elections.

Argentina launches official probe into LIBRA meme coin scandal
Lawmakers approve an investigation into government links to the collapsed token that triggered massive retail losses.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Coin Bureau - "Crypto’s Turning Point? Asia-Pacific Opens the Institutional Floodgates" 📅 April 9, 2025

Guy form CoinBureau says Japan and South Korea are laying the groundwork for serious institutional crypto adoption. These policy changes could fuel the next leg of the bull market.

🔍 Japan’s Big Moves:

• Japan is working on cutting crypto taxes from 55% to 20%, while also reclassifying crypto as a financial product instead of a payment method.
  

• Guy believes this will unlock retail and institutional investment, finally making Japan a competitive crypto hub again.
  

• USDC was just approved for use, ending the country’s long ban on foreign stablecoins. Guy calls this a huge first step.
  

• He warns that Japan’s past overregulation pushed investors away, but the current reform wave could reverse that trend.

🇰🇷 South Korea Update:

• Since 2017, institutions weren’t allowed to touch crypto. That’s changing.
  

• Starting in 2025, institutions can sell crypto, and by the second half of the year, they’ll be allowed to buy as well.
  

• Guy points out XRP dominates trading in Korea, and once institutional capital flows in, XRP could see a major boost.

🌍 Global Shifts to Watch:

• Thailand legalized USDC and USDT for local exchanges.
  

• Australia’s election may result in fast-tracked crypto regulation from either party.
  

• Argentina passed rules for custody, audits, and client protection to welcome serious players.

🧠 Guy’s Opinion:

Takeaway:
Don’t let sideways markets distract you. Guy believes these reforms across Asia-Pacific are setting the stage for the next major crypto rally, even if the headlines haven’t caught up yet.

Lark Davis - "Crypto Market Panic... Something Just Broke!!!"📅 April 9, 2025

Lark says something is clearly broken in the financial system. Bonds are flashing red, China is escalating the trade war, and crypto is caught in the crossfire.

💥 Market Breakdown:

• US bond yields are spiking at historic speed. The 10-year hit 4.5% and the 30-year surged faster than in any modern financial crisis.
  

• Lark calls this a clear signal of distress, possibly linked to a rumored collapse at a major Japanese bank.
  

• “The bond market is telling us something serious is wrong,” he warns.

⚔️ Trade War Chaos:

• China just dropped 84% tariffs on US goods. Lark says this is "brinkmanship at the highest level."
  

• Trump is expected to respond with more tariffs, which could throw fuel on a global economic fire.
  

• Lark adds, “This is not just politics — this is messing with every asset class on the planet.”

📉 Crypto Holding Up… For Now:

• Bitcoin is still around $76K, but Lark says a break below $70K could lead to a cascade of panic selling.
  

• Altcoins like Ethereum, Solana, and Near are already getting crushed, showing technical breakdowns across the board.
  

• Long-term holders are even starting to capitulate. One whale just sold 10,000 ETH after holding for over 900 days.

🧠 Lark’s Take:

✅ Strategy Talk:

• This isn’t the moment to gamble on risky coins. Lark recommends staying liquid, possibly shorting, or farming yield until clarity returns.
  

• He still believes central bank action and eventual trade resolutions could set off fast relief rallies.

Takeaway:
It’s ugly out there, but Lark reminds viewers that these moments of panic often set the stage for major rebounds. Just don’t lose your head or your risk management.

CRYPTO MEMES

USA After Tariffs 😂