Crypto Market Weekly Report: Bitcoin ETF Fund Flow Remains Stable, Ethereum Faces Challenges

This week, the crypto market continues to show a volatile trend. Bitcoin ETF fund flows remain relatively stable, while Ethereum faces multiple pressures. At the same time, some emerging tokens are performing actively, with market hotspots constantly emerging.

Bitcoin ETF capital flow is stable

This week, the Bitcoin ETF saw a slight outflow of $13 million, a relatively small number that can be ignored. Since February of this year, the overall trend of continuous net inflows into the ETF has not shown any significant reversal.

The price of Bitcoin is fluctuating narrowly between $82,000 and $86,000. This oscillating trend may continue until the macroeconomic policy trends become clearer. In terms of market sentiment, the Fear and Greed Index continues to hover around 30, indicating that the market is still in a state of fear.

Ethereum Faces Multiple Challenges

In contrast, the performance of Ethereum is not optimistic. This week, the net outflow of Ethereum ETF reached 32.3 million USD, marking nine consecutive weeks of net outflow. The ETH/BTC exchange rate has fallen below 0.019, approaching historical lows. The market share of Ethereum has dropped to 7.1%, setting a new low in nearly five years.

Currently, the fundamentals of the Ethereum project are unlikely to see significant improvement in the short term, and market confidence has plummeted to freezing point. These factors together have led to significant pressure on Ethereum.

Emerging tokens perform actively

In terms of popular cryptocurrencies, emerging tokens such as FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR have shown impressive performance. Among them, MUSKIT's price surged by 247.53% this week, VOXEL rose by 234.94%, reaching a peak price of 0.1423USDT, while LBR also achieved an increase of 166.46%.

The US stock market fell

Last week (from April 14 to 18), the U.S. stock market showed an overall downward trend. The S&P 500 index fell by 1.5%, the Dow Jones Industrial Average dropped by 2.7%, and the Nasdaq Composite Index decreased by 2.6%. The stock market was affected by changes in tariff policies and corporate earnings reports, leading to significant fluctuations.

Although the tariff exemption brought a brief rebound, concerns over the China-U.S. trade war and factors such as chip export restrictions weighed on the performance of tech stocks. UnitedHealth Group's earnings report fell short of expectations, leading to a decline in the Dow Jones index, while the strong earnings report from Taiwanese semiconductor manufacturers provided some support for the Nasdaq index.

Important Event Preview

• April 24: The Federal Reserve will release the Beige Book on economic conditions.
• April 25: The U.S. Securities and Exchange Commission will hold its third crypto policy roundtable, focusing on custody issues.

Project Updates

• Balance announced the EPT token economic model, and the token generation event (TGE) will be launched on April 21.
• The cross-chain interoperability protocol Hyperlane plans to conduct an airdrop of HYPER tokens on April 22, with 57% of the total supply allocated to community users.
• The lending protocol Dolomite announced that the DOLO token TGE will officially launch on April 24, with 20% of the tokens distributed as airdrops to platform users.
• Sonic Labs official .sonic domain public sales are expected to start this week, with the specific time yet to be determined.

Overall, the crypto market is still in a correction phase, and investors need to closely monitor market trends and the impact of significant events.