U.S. Suspends Tariffs for 90 Days, CPI and PPI Fall Below Expectations — Crypto Fear Eases
Hotcoin Research Market Insights: April 7–11, 2025

Cryptocurrency Market Overview

Currently, the total cryptocurrency market capitalization stands at $2.53 trillion, with BTC dominance at 62.35%, totaling $1.58 trillion. The stablecoin market cap is $233.5 billion, down 0.67% over the past 7 days, with USDT accounting for 62.05%.

This week, BTC price fluctuated within a range, currently at $83,668. ETH also ranged sideways, now priced at $1,580.

Among the top 200 projects on CoinMarketCap, most saw declines, with a few notable gainers:

• XCN: +121.21% (7-day)
• FARTCOIN: +82.36%
• ORCA: +62.25%
• BABY: +58.74%

Weekly net outflows:

• U.S. spot Bitcoin ETFs: $708 million
• U.S. spot Ethereum ETFs: $82.5 million

The fear & greed index on April 12 was 43, higher than the previous week. This week saw 1 day of extreme fear, 5 days of fear, and 1 day of neutral sentiment.

Market Forecast

This week, fear peaked as the U.S. imposed excessive global tariffs, pushing sentiment into extreme fear territory for one day. On-chain stablecoins slightly declined — an unfavorable sign. Both Bitcoin and Ethereum spot ETFs experienced net outflows. However, U.S. CPI and PPI figures came in well below expectations, and the U.S. announced a 90-day suspension of tariffs (excluding China), easing market sentiment later in the week and leading to a recovery in crypto prices.

The probability of a 25-basis-point rate cut by the Fed in May stands at 16%, down from last week. The broader market is expected to range between April and May, with BTC likely fluctuating between $75k–$90k. Investors may consider focusing on high-potential projects like Babylon, or check out the “Hotcoin New Listings Board” on our homepage for more opportunities.

Weekly Highlights

1. April 8: Galaxy Digital announces SEC registration effectiveness and prepares for the Nasdaq listing.
2. April 9: The White House confirms that 104% additional tariffs on China took effect at noon ET.
3. April 9: Ripple announces a $1.25 billion acquisition of Hidden Road Partners, entering multi-asset prime brokerage, making it one of the largest deals in crypto history.
4. April 9: U.S. “reciprocal tariffs” shake up global markets, wiping $10 trillion from the global market cap.
5. April 10: President Trump suspends tariffs for 90 days, including 10% and reciprocal tariffs — effective immediately.
6. April 10: U.S. stock markets soared minutes after the tariff suspension, with the S&P 500 rising over 9%, and the U.S. stock market cap increasing by $4 trillion in 10 minutes.
7. April 10: The SEC approves options trading for spot Ethereum ETFs.
8. April 10: Paul Atkins is confirmed by the U.S. Senate as the new SEC Chair with a 52–44 vote.
9. April 11: Spot gold surged to a record high of $3,218/oz, later retreating to $3,207/oz.
10. April 11: The U.S. 30-year Treasury yield rose to 4.907%, up 1.22% on the day.
11. April 11: President Trump signs first crypto law, cancelling IRS rules on DeFi broker reporting.

Macroeconomics

1. April 10: U.S. March CPI YoY (unadjusted): 2.4% (expected: 2.6%)
2. April 11: U.S. March PPI YoY: 2.7% (expected: 3.3%, previous: 3.2%)
3. April 10: FedWatch tool shows a 16% chance of a May rate cut and an 84% chance of holding steady.
4. April 9: Eurozone markets fully price in a 25bps ECB rate cut in April (85% chance on April 8).
5. April 9: Japan’s 30-year bond yield hits 2.785%, the highest since August 2004, as global sell-off forces investors to liquidate.
6. April 9: Bank of Japan Governor Kazuo Ueda states interest rates will continue rising if the economy improves as expected.

ETFs

From April 7 to 11:

• U.S. spot Bitcoin ETF net outflow: $708 million
• Grayscale GBTC outflow to date: $22.736 billion, current holdings: $16.523 billion
• BlackRock IBIT current holdings: $47.899 billion
• Total U.S. spot Bitcoin ETF market cap: $93.702 billion

Spot Ethereum ETF net outflow: $82.5 million

Upcoming Events

1. TOKEN2049 Dubai 2025: April 30 — May 1, 2025
2. Canada Crypto Week: May 11–17, 2025, in Toronto, Canada

Project Updates

1. KerneIDAO to launch TGE on April 14, token: KERNAL
2. Matchain, a decentralized AI chain, begins its Genesis License sale on April 14, offering 100,000 utility licenses tied to its self-sovereign identity system, MatchID
3. Mint Ethereum L2 network to unlock 25% of community airdrop on April 15
4. Ripple Labs proposes setting the court briefing deadline with the SEC case to April 16

Key Events

1. April 14: Trump invites El Salvador President Nayib Bukele to the White House to discuss bilateral cooperation and diplomacy
2. April 14: Trial of Tornado Cash developer Roman Storm postponed from Dec 2024 to April 14, expected to last two weeks

Token Unlocks

1. Starknet (STRK) — April 15: Unlocking 127 million tokens, worth ~$15.66M (4.37% of circulating supply)
2. Sei (SEI) — April 15: Unlocking 224 million tokens, worth ~$38.53M (2.25%)
3. Zebec Network (ZBCN) — April 16: Unlocking 2.12 billion tokens, worth ~$2.05M (2.12%)
4. ApeCoin (APE) — April 17: Unlocking 15.38 million tokens, worth ~$6.59M (1.54%)
5. Immutable (IMX) — April 18: Unlocking 24.52 million tokens, worth ~$10.38M (1.23%)

About Us

As the central research hub of the Hotcoin ecosystem, Hotcoin Research delivers professional analysis and forward-looking insights for global crypto asset investors. We have established a comprehensive three-pronged service framework — trend analysis, value discovery, and real-time tracking — integrating in-depth cryptocurrency industry trend research, a multi-faceted project evaluation framework, and 24/7 market monitoring.

These services are further enhanced by our biweekly Hot Coin Selection Live Strategy Sessions and daily blockchain headlines updates, offering precise market insights and actionable strategies tailored for investors of all experience levels.

By leveraging advanced data analytics models and a robust industry network, we empower novice investors to build a solid understanding of the market while helping institutional players identify and capture alpha opportunities.

Together, we navigate the rapidly evolving crypto landscape, leveraging data-driven decision-making and strategic resource integration to seize value-growth opportunities in the Web3 era.

Risk Disclaimer

The cryptocurrency market is highly volatile, and all investments carry inherent risks. We strongly advise investors to thoroughly assess these risks and adhere to a strict risk management framework to safeguard their funds.

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