Crypto Market Weekly Review

This week, the cryptocurrency market is showing a volatile trend. The capital flow of Bitcoin ETFs is relatively stable, with only a slight outflow of 13 million dollars, having a limited impact on the overall trend. The price of Bitcoin fluctuates narrowly within the range of 82,000 to 86,000 dollars, as the market seems to be waiting for clearer macroeconomic policy guidance. The greed and fear index continues to hover around 30, reflecting that investor sentiment remains quite cautious.

The Ethereum market is relatively weak. ETH ETFs have seen net outflows for the ninth consecutive week, with an outflow of $32.3 million this week. The ETH/BTC exchange rate has fallen below 0.019, approaching historical lows. Ethereum's market capitalization share has dropped to 7.1%, reaching a new low in nearly five years. Currently, there is little prospect for disruptive changes in the Ethereum ecosystem in the short term, and market confidence is at a low point.

In the small market cap tokens, FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR have stood out. Among them, MUSKIT achieved a weekly increase of 247.53%, followed closely by VOXEL with a rise of 234.94%, reaching a high of 0.1423USDT. LBR also recorded a significant increase of 166.46%.

The US stock market declined overall last week, with major indices experiencing varying degrees of decline. The S&P 500 fell by 1.5%, the Dow Jones Industrial Average dropped by 2.7%, and the Nasdaq Composite decreased by 2.6%. Market volatility intensified, influenced by multiple factors including changes in trade policies, corporate earnings reports, and US-China relations. The performance of healthcare giant UnitedHealth Group, which fell short of expectations, dragged down the Dow, while the strong earnings report from a Taiwanese semiconductor manufacturer provided some support for tech stocks.

This week, the market focus includes: The Federal Reserve will release the latest Beige Book on economic conditions on April 24; The U.S. Securities and Exchange Commission plans to hold the third crypto market policy roundtable on April 25, focusing on custody-related issues.

In terms of project dynamics, Balance will launch the initial token issuance (TGE) of the EPT token on April 21; the cross-chain interoperability protocol Hyperlane plans to conduct an airdrop of the HYPER token on April 22; the lending protocol Dolomite has announced that its DOLO token TGE will officially start on April 24, and users can begin to claim the tokens from that day; the public sale of the .sonic domain under Sonic Labs is also expected to kick off within this week.