Fake News Become Real News?

DAILY MARKET OVERVIEW

Chaos Is the Catalyst

👋 Hey, Crypto Enthusiasts! Another rollercoaster day in the markets, and it’s becoming crystal clear: this is a Trump-driven market. Let’s dive in!

📰 When Fake News Become Real

Earlier this week, markets briefly surged on a false report that Trump was considering a 90-day pause on tariffs. The White House denied it…

But today? Trump actually announced it.

He claimed he made the tariff pause because people were starting to panic, but the more likely reason?

The bond market was buckling, and something was close to breaking. It’s also possible he saw how positively markets reacted to the fake headline and decided to lean in.

The result?

📈 Markets ripped - both stocks and crypto.
📉 Until China hit back. Hard.

Just hours before the announcement, Trump posted on Truth Social, saying it’s a “great time to buy.”

This led to heavy speculation that he’s front-running the market or using his influence to move it - a growing concern among institutional traders.

And while some celebrated the pause as the end of the trade war, many tariffs are still alive and kicking.

✅ What Tariffs Still Remain

• China:

  • Raised tariffs from 104% to 125% on most U.S. goods

  • In retaliation to China’s new 84% hit on U.S. imports
    

• Universal Tariff:

  • A baseline 10% tariff remains on most imports not exempted

  • Applies even to some allies
    

• Mexico & Canada:

  • Still facing 25% tariffs, unless compliant with USMCA

  • Sector-specific tariffs remain
    

• Steel, Aluminum, and Autos:

  • 25% tariffs stay globally
    

• Threatened Tariffs Still in Play:

  • Trump is floating future tariffs on:

    • Lumber

    • Pharma

    • Copper

📉 Inflation: A Brief Glimmer of Relief

Inflation numbers just came in:

🟢 2.4% vs 2.5% expected

That gave markets another short-lived bounce - but it didn’t last.
The renewed China tariffs hit U.S. supply chains, and stocks cooled off quickly.

📦 Amazon reportedly canceled major shipments from China and expects consumer prices to rise sharply in coming weeks. That could spark a second inflation wave.

💬 Bottom Line:

This market is politics first, fundamentals second. If you’re not factoring in Trump’s next headline, you’re trading blind.

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 Are Glued to Trump

The entire trading community is in reaction mode.

Nobody has an edge. Nobody’s confident. Every move hinges on the next Trump post or geopolitical flash.

There’s almost no dominant narrative in crypto right now. And with markets jittery and macro in the driver’s seat, traders are mostly sidelined or sniping short-term setups.

⚡️ Coins With a Pulse

• Hyperliquid (HYPE):
  Still attracting volume and attention, holding up better than most.
  

• Fartcoin:
  Yep, still memeing its way through the mess.
  

• Babylon (new launch):
  Cosmos-based chain allowing native BTC staking on Bitcoin. If it works out, it could finally unlock BTC in DeFi, a huge untapped market. Worth keeping on the radar.

📉 Sentiment Score: Low but Watching

• Cautious optimism after soft inflation print

• Hopes rising for a May rate cut

• But until China and the U.S. strike a real deal, traders remain on edge

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Ethereum joins Cosmos via IBC Eureka, Solana and Base to follow
Interchain Labs launches IBC Eureka, bridging Ethereum with Cosmos and kicking off a broader push for multi-chain interoperability.

South Korean banks urge reform of crypto exchange partnerships
Top banking executives ask lawmakers to end exclusive one-bank-per-exchange rules, aiming to boost competition and consumer choice.

China and Russia settle oil deals in Bitcoin as sanctions shift trade routes
Energy trades between China and Russia are increasingly being settled in crypto, sidestepping dollar-based systems.

SEC approves options trading on four Ethereum spot ETFs
Ethereum ETFs from BlackRock, Grayscale, and others will now offer options trading, with staking potentially next in line.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – Trump’s 90-Day Tariff Pause: Relief Rally or Recession Rewind? April 10, 2025

Benjamin sees the current bounce in stocks and Bitcoin as a temporary relief rally, not a confirmed trend reversal. He warns that uncertainty will return in July when the 90-day tariff pause ends, and markets may retest or even break prior lows.

🧠 What He’s Watching:

• S&P 500: Bounced after a 20% drop, historically a signal for a short-term rally. But Benjamin reminds viewers that many past bear markets had similar bounces before dropping further.
  

• Key Chart Levels: The S&P recently bounced off a critical level (same one rejected in 2021 and 2023). If it holds, a 1998-style recovery is possible, where markets surged and retested lows before rallying.
  

• Yield Curve Signals: The 2-year and 10-year Treasury yields are flashing classic pre-recession warnings. The more the 2-year yield tests its floor, the more likely it breaks — and that break could spell economic trouble.
  

• Support Zone for BTC: Bitcoin above its 2024 high is a good sign, but Cowen warns that a drop below $69K would damage the current structure. That level is his line in the sand.

🧩 The "Trump Put"?

Benjamin speculates that the tariff pause may mark the “Trump Put” - a political intervention to stop markets from spiraling further. While not a guaranteed bottom, it shows where the administration might step in again.

⏳ Short-Term: Relief Bounce

• Markets rallied on the tariff pause news.

• He sees potential for another 2–3% upside.

• If it's a 1998-style pattern, we might revisit current levels by July.

⚠️ Mid-Term: High Uncertainty

• If tariffs return in full force in July, sentiment could reverse quickly.

• Without stronger economic fundamentals, this could still turn into a full-blown recession.

🧘 Strategy:

Cowen sticks to DCA (dollar-cost averaging) when risk levels are low. He emphasizes that no one can perfectly time the market, and uncertainty will remain high through summer.

Bottom Line: Benjamin sees this as a tactical bounce inside a larger uncertain structure. He’s not convinced the bottom is in but says a controlled decline or a strong retest would be a positive development - as long as it doesn’t break key support levels.

Josh Olszewicz – Alts Bounce but Still Not Trending
April 10, 2025

Josh sees short-term relief in altcoins but says it’s way too early to call a bottom. Dominance still favors BTC, and most altcoin charts remain technically bearish despite the bounce.

📉 Still in Downtrends:

• Altcoins show signs of life, but technical signals (like cloud crosses, higher highs, and trend shifts) haven’t confirmed a turnaround.

• Many coins are just reclaiming the previous week's drop - nothing more.

• ETH, SOL, ADA, LINK, and others are still in deep downtrends, failing to hold any recent lows.

🧭 BTC Dominance Still Strong:

• BTC dominance continues to climb, meaning Bitcoin is still outperforming alts.

• Until dominance reverses and starts trending down, Josh prefers BTC and macro plays like MSTR.

⚙️ Macro Conditions Matter:

• Tariff pause helped reduce volatility (VIX down), creating a more altcoin-friendly backdrop, but it’s not full QE or easy money yet.
  

• For real altcoin momentum, Josh wants to see:

  • VIX < 20

  • Fed signaling the end of QT

  • BTC holding above $90K

  • ETHBTC chart flipping bullish

🔍 Relative Plays:

• Josh is watching Coinbase vs. Total 2 as a proxy for altcoin sentiment.

• Also looking at MSTR vs. Solana, where MSTR keeps outperforming, acting like a leveraged BTC play.

• Meme coins like Fartcoin (yes, seriously) are showing short-term strength, but he sees them as noise until broader trends shift.

🛑 Not There Yet:

• Charts show oversold conditions, but that alone isn’t enough.

• He wants to see higher highs, bullish TK crosses, and closes above trendlines before he believes the bottom is in.

Bottom Line: Josh says the bounce is a nice breather for altcoins but cautions against FOMO. The trend is still bearish, and confirmation is key. Until BTC breaks out and dominance rolls over, it’s a “wait and watch” market for alt lovers.

CRYPTO MEMES