Market Cautious Ahead of April 2nd

DAILY MARKET OVERVIEW

Bitcoin Stalls as Market Becomes Cautious

👋 Hey, Crypto Enthusiasts! Markets are starting to tap the brakes today. Let’s explore why.

😮‍💨 After a week of slightly bullish momentum, the crypto market is showing signs of fatigue.

• Bitcoin has pulled back slightly and is currently struggling to push above the $88,000 level, while broader sentiment has turned cautious ahead of the April 2nd tariff deadline - a key macro catalyst.

Despite the cooling price action, fundamental developments continue to push the space forward. One of the more surprising announcements came from GameStop, which quietly dropped a crypto bombshell in its 2024 annual report.

🟢 GameStop Adds Bitcoin to Treasury Playbook

On Tuesday, GameStop filed its annual report with the SEC and revealed a notable change to its investment policy.

• The company now lists “certain cryptocurrencies, including Bitcoin” as permissible investment instruments.
  

• In other words, GameStop has officially given itself the green light to hold Bitcoin as part of its treasury reserves.

A follow-up post on X confirmed the move, stating that GameStop is now permitted to hold BTC and has not set any limit on how much it may accumulate. The company added that it also reserves the right to sell any Bitcoin it acquires.

This announcement might have been expected to spark a market rally, but the actual market response was minimal. This muted reaction could be a sign that we’re nearing a local top, with investors more focused on macro risks than isolated bullish headlines.

📊 Short-Term Outlook: Range-Bound with Caution

With the April 2nd deadline for new trade tariffs fast approaching, many traders are choosing to de-risk their portfolios. This is especially true given the global backdrop of inflation concerns, geopolitical tensions, and an uncertain U.S. monetary policy outlook.

• In the short term, Bitcoin and major altcoins are likely to remain range-bound, with key support levels sitting around $84K–$85K.
  

• A dip toward $76K is possible but considered unlikely unless unexpected negative catalysts emerge.

At this stage, most bad news appears to be priced in, and unless tariff updates or geopolitical shocks disrupt markets in an unexpected way, traders are likely to continue positioning conservatively. The name of the game right now is patience and high conviction.

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

💲 Stablecoins Take Center Stage on Crypto X

While price action slows, the social sentiment spotlight has shifted to stablecoins. Over the past week, there’s been a barrage of major headlines fueling this emerging narrative:

• Donald Trump is reportedly launching a USD-pegged stablecoin called USD1

• USDC’s market cap has hit an all-time high above $60 billion as adoption soars

• BlackRock added over $1 billion to its USD Institutional Digital Liquidity Fund

• Fidelity is preparing to launch a dollar-backed stablecoin

• U.S. lawmakers are prioritizing stablecoin regulation as a top legislative goal

This wave of stablecoin-related activity has turned into one of the most promising themes in an otherwise quiet market. Traders and investors are beginning to position ahead of what could be a massive infrastructure shift as stablecoins move further into the mainstream.

🤔 Top Plays in the Stablecoin Narrative

Two DeFi projects in particular have captured the market's attention amid the stablecoin hype:

1.Curve Finance ($CRV)

Curve remains a critical piece of the DeFi ecosystem, specifically designed for efficient stablecoin trading and liquidity provision. As stablecoin usage expands, especially among institutions, Curve’s infrastructure is likely to become even more vital, increasing protocol revenues and governance value.

2.Frax Share ($FXS)

Another legacy protocol from the DeFi 2.0 era, Frax offers a suite of products centered around decentralized stablecoins. As trust in non-custodial solutions grows, $FXS could experience a resurgence in attention and capital inflow.

Both tokens are considered core beneficiaries of the rising stablecoin narrative and could outperform during periods of broader market stagnation. We’ll keep monitoring the stablecoin trend and update you on any new developments, so stay tuned!

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

Revolut Expands Crypto Exchange Access With New Mobile App
Revolut has launched a mobile app for Revolut X, allowing UK and EEA users to trade over 400 crypto pairs on the go.

Ripple Reenters U.S. Market After SEC Drops Lawsuit
With the SEC case behind it, Ripple is shifting focus back to the U.S. and exploring partnerships with banks and regulators.

Polymarket Criticized Over Alleged Oracle Manipulation
UMA token holders allegedly manipulated market outcomes on Polymarket, prompting backlash and calls for reform.

Fidelity Files for Spot Solana ETF Through Cboe
Fidelity is the latest to file for a spot Solana ETF, joining a crowded field following the success of bitcoin ETFs.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

CoinBureau - Ethereum Is DYING?! The Shocking Truth No One’s Talking About! (26.03.2025 Summary)

Ethereum’s Identity Crisis: Is It Still the King of Smart Contracts?

Coin Bureau’s Guy breaks down Ethereum’s struggles this cycle and the growing fear that ETH may be losing its long-held edge. While ETH still leads in dev activity and TVL, competition is heating up fast — and the market is starting to notice.

1. 🔻 ETH vs BTC – Losing Ground

• Ethereum has yet to reclaim its 2021 all-time high of ~$4,900

• ETH/BTC pair has been bleeding since September 2022 with no major reversal

• BTC continues to dominate the narrative, momentum, and ETF inflows

2. 🧩 Layer 2s – Scaling or Sabotage?

• Ethereum’s pivot to a modular, L2-first design is causing fragmentation

• Too many L2s = complex UX, scattered liquidity, and reduced demand for ETH itself

• VCs are pouring into L2 infrastructure, not ETH — "picks and shovels" mentality

3. ⚔️ Ethereum Killers Are Gaining

• Solana, Aptos, Avalanche, and others are offering faster, cheaper alternatives

• Some have already flipped ETH in key metrics like daily active users and TPS

• Solana even onboarded more devs than Ethereum in 2024

4. 📉 Institutional Demand – Where Is It?

• ETH staking yields (~3%) are lower than US Treasuries (~4.3%)

• ETH ETFs underwhelmed due to lack of staking options and poor yield

• Validator setup is still too complex for mainstream institutions

5. 🌱 Why There’s Still Hope

• New SEC leadership is warming up to crypto, increasing chances of a staked ETH ETF

• Launch of Etherealize aims to push Ethereum-based real world asset tokenization

• Upcoming Pectra upgrade (target: April 25) will improve staking and wallet UX

🧠 Final Take: ETH may look weak in this cycle, but the foundations remain strong. If staking ETFs get approved and Layer 2 adoption continues to rise, Ethereum could stage a surprising comeback. Just don’t expect it overnight.

Ivan On Tech - BITCOIN: SHOCKING TRUTH ON THE CHART!!!!!!!!! (26.03.2025 Summary)

Bitcoin Isn’t Slowing Down — The Bull Case Keeps Getting Stronger

Ivan delivers a high-energy breakdown of why BTC still has plenty of fuel. From institutional FOMO to political tailwinds, the Bitcoin thesis is only getting louder.

1. 💪 BTC Holding Up Strong

• Bitcoin is steady around $88K, looking to break $91K

• April and May are historically bullish months — seasonality supports upside

• Despite bearish noise, BTC charts remain firm

2. 🏢 GameStop Buys Bitcoin

• GameStop converting part of its treasury into BTC

• Corporate FOMO may be the next catalyst - stock pumped immediately

• Executives and fund managers are now financially incentivized to add BTC

3. 🇺🇸 Crypto Goes Political

• Trump launches USD1, a stablecoin backed by US Treasuries

• Executive orders aim to modernize US payments using blockchain tech

• Crypto policy shift is dramatic — pro-crypto sentiment is now mainstream

4. ⚙️ Solana Leading the Altcoin Pack

• Solana’s UX and app ecosystem are winning over devs and users

• Ex-Facebook builder Nikita Bier joins as an advisor

• BlackRock and Polymarket are expanding into the Solana ecosystem

5. 🚀 Altcoin Momentum Building

• Fed to reduce QT by 80% starting April — liquidity returning

• Memecoin season, DePIN narratives, and consumer apps gaining steam

• Ivan urges founders to build now and prepare for the breakout

🧠 Final Take: BTC looks ready to push higher while Solana leads the altcoin wave. The political environment is shifting, corporate demand is growing, and builders are doubling down. Ivan’s vibe? “We’re at an inflection point — build or get left behind.”

CRYPTO MEMES