Altcoins slides, gold shines when Trump tariffs stimulate safety flight

By Francisco Rodrigues (All Times et unless indicated otherwise)

The cryptographic market extends yesterday’s fall as investors anticipate the impact of the reciprocal rates of President Donald Trump, which will enter into force on April 2 and the key macroeconomic data that are due later on Friday.

Bitcoin (BTC) has lost 2.5% in the last 24 hours, which seems quite firm compared to almost 6% in slide in ether (ETH), 5.5% in XRP and 7% in Dogecoin (Doge). The widest Coindesk 20 (CD20) index fell 4.65%. Gold, in contrast, reached new maximums.

The growing exposure to gold has benefited the tokens backed by the Metal Priceus, which the latest Stablecoin de Coindesk Data report shows the market capitalization of $ 1.4 billion in March.

It seems that clear merchants are moving to reduce risk exposure with one eye in the US PERSONAL CONSUMPTION EXPENSECTION REPORT (PCE). UU. It will be launched later. These data could influence the interest rate decisions of the Federal Reserve and, therefore, any appetite due to the risk in the future.

Bitcoin merchants are also anticipating a record of $ 12.2 billion in BTC options that expire today in Deribit, with a maximum pain point at $ 85,000. Implicit volatility, however, remains close to annual minimums, since it is not likely that the expiration moves the market, according to the winter OTC merchant, Jake O.

“These expirations have not yet consistently moved the markets, largely because BTC options open interest remains small in relation to the spot activity,” said Jake O. In a statement sent by email. “Those $ 12b are eclipsed for $ 28b in spot volume negotiated in the last 24 hours.”

While the tendency of mockery grows, the funds quoted in the stock market (ETF) Spot of Bitcoin have seen consistent tickets since mid -March, adding almost $ 1 billion in the last two weeks. In contrast, the ETF Spot Ether outings have remained persistent, with around $ 115 million that leave these funds during the same period.

Looking towards the future, money administrators are likely to continue reducing risk exposure. The trend stimulated Goldman Sachs to raise its target gold price for the year at $ 3,300 per ounce of Troy, with the potential to increase to $ 4,500 in an “extreme tail scenario.” Stay alert!

What to see

• Crypto:
  • April 1: Metaplenet (3350) The division of shares 10 by 1 becomes effective.
• Macro
  • March 28, 8:00 am: The Brazilian Institute of Geography and Statistics (IBGE) issues February unemployment rate data.
    • Est. 6.8% unemployment rate. Prev. 6.5%
  • March 28, 8:00 am: unemployment rate data of the National Institute of Statistics and Geography of Mexico.
    • Est. 2.6% unemployment rate. Prev. 2.7%
  • March 28, 8:30 am: Statistics Canada publishes January GDP data.
    • GDP Mom Est. 0.3% vs. Prev. 0.2%
  • March 28, 8:30 am: The United States Economic Analysis Office publishes Income Data and Consumer Expenses in February.
    • Core PCE Price Index Mom Est. 0.3% vs. Prev. 0.3%
    • Central PCE Price Index Yoy Est. 2.7% vs. Prev. 2.6%
    • PCE Price Index Mom Est. 0.3% vs. Prev. 0.3%
    • PCE Price Index Yoy Est. 2.5% vs. Prev. 2.5%
    • Personal income Mom Est. 0.4% vs. Prev. 0.9%
    • Personal expense Mom Est. 0.5% vs. Prev. -0.2%
  • April 2, 12:01 AM: The Trump administration reciprocal tariff plan enters into force along with a 25% rate in imported cars and certain car parts.
• Earnings (Estimates based on data data)
  • March 28: Galaxy Digital Holdings (GLXY), Pre-Mercado, C $ 0.38

Token events

• Government votes and calls
  • Balance DAO is discussing the establishment of a Balanced Alliance program, which will make the protocol share a part of the income it generates with the key ecosystem partners in the form of USDC as Vebal.
  • Cow DAO is discussing the update of the definition of score for purchase orders after an incident of the base network revealed that the current version could lead to an excessive assignment of solution rewards.
  • Dao arbitrum votes about the conversion of 15 million ARB in Stablcoins to be administered through a “33/33/33 divided between Karpatkey, Avantgarde and Myso, and Gauuntlet”. He is also voting to assign 10 million ARB to “strategies in the chain designed to generate performance while safeguarding the director.” The vote ends on April 3.
  • March 28, 3 am: Ontology will celebrate an update of the weekly community through X Spaces.
• You unlock
  • March 31: Optimism (OP) to unlock 1.93% of its circulating supply for a value of $ 26.47 million.
  • April 1: SUI (SUI) will unlock 2.03% of its circulating supply for a value of $ 164.98 million.
  • April 1: Zetachain (Zeta) will unlock 6.05% of its circulating supply worth $ 15.30 million.
  • April 2: Ethena (ENA) will unlock 0.77% of its circulating supply for a value of $ 15.87 million.
  • April 3: Wormhole (W) to unlock 47.64% of its circulating supply worth $ 128.09 million.
  • April 7: Kaspa (Kas) will unlock 0.59% of its circulating supply for a value of $ 10.91 million.
  • April 9: Movement (movement) to unlock 2.04% of its circulating supply for a value of $ 23.54 million.
• Tokens listings
  • March 28: Binance to Delist Aergo (Aergo).
  • March 31: Binance to Delist USDT, FDUSD, Tusd, USDP, DAI, AEUR, UST, USTC and PAXG.

Conferences

Token talk

By Shaurya Malwa

• A small set of tokens is gaining greater traction in social networks such as X, Reddit and Telegram platforms, according to Santimento data, which makes it beneficial for merchants to put a surveillance list as market conditions improve.
• Solana (Sol) leads the package due to its high liquidity and a growing interest in Solana headquarters, along with Curve Dao Token (CRV), which has seen a price bounce of 30% and a greater commercial activity in the last three weeks.
• Coti is generating emotion after a recent Airdrop, with users who explore their supply and exchange challenges, while Walrus (Wal) of recently issued, a sui ecosystem project, is in a wave of interest promoted by the mentions of commercial couples and the exchange listings.
• The social talk often precedes price movements because it is indicative of the next demand or changing feelings.

Derivative positioning

• Global Open Interest in all instruments decreased to $ 105 billion of $ 124 billion today, coinciding with the broader reduction in the main digital assets, according to Laevitas data.
• In the last 24 hours, the total liquidations amounted to $ 362 million, with long positions that represent 83% dominant of the elimination.
• Among the assets with more than $ 100 million in open interest, the most pronounced percentage decreases were observed in Pepe (-14.0%), PNUT (-13.7%), Worldcoin (-12.6%), Avalanche (-11.9%) and BNB (-11.5%). Only three assets in this group saw an increase in open interest in the last 24 hours: Toncoin (+15.5%), Berachain (+9.78%) and ACT (+2.15%).
• In the liquidation heat map for the largest futures torque, recent pricing action has swept through the main liquidation groups. The following significant areas for possible liquidations are $ 86,000 and $ 88,000, suggesting that these levels could attract volatility if addressed.

Market movements:

• BTC fell 2.34% of 4 PM ET on Thursday at $ 85,266.30 (24 hours: -2.28%)
• ETH has dropped 4.77% to $, 1911.49 (24 hours: -5.51%)
• COINDESK 20 has dropped 4.37% to 2,618.54 (24 hours: -4.55%)
• The reference rate composed of Ether increases 2 bp with 2.99%
• The BTC financing rate is at 0.0155% (5,6666% annualized) in Binance

• DXY has not changed to 104.43
• Gold has increased 1.65% to $ 3,110.60/oz
• La Plata rises 1.38% to $ 35.38/oz
• Nikkei 225 closed -1.8% to 37,120.33
• Hang Seng closed -0.65% to 23,426.60
• Ftse has risen 0.29% to 8,691.20
• Euro Stoxx 50 has dropped 0.14% to 5,373.72
• Djia closed on Thursday -0.37% to 42,299.70
• S&P 500 Closed -0.33% at 5,693.31
• Nasdaq closed -0.53% to 17,804.03
• S&P/TSX compound index without changes at 25,161.10
• S&P 40 Latina America closed +0.27% to 2,466.98
• The 10 -year Treasury rate of US has dropped 4 bp with 4.34%
• E-mini s & p 500 futures have dropped 0.2% to 5,727.75
• E-mini nasdaq-100 futures have dropped 0.36% to 19,917.75
• E-mini dow Jones The industrial average index has dropped 0.13% to 42,546.00

Bitcoin statistics:

• BTC domain: 62.04 (0.44%)
• Bitcoin Ethereum Relationship: 0.02241 (-2.44%)
• Hashrat (seven -day mobile): 847 eh/s
• HASHPRICE (SPOT): $ 47.45
• Total rates: 5.28 BTC / $ 449,016
• CME Futures Open Interest: 140,460 BTC
• BTC with a gold price: 27.7 oz
• BTC vs Gold Market Cap: 7.86%

Technical analysis

• Ether remains delayed behind the broader market, with prices that are consolidated at the levels for the last time in November 2023.
• With the prices below all key exponential mobile averages (EMA), ETH has struggled to claim the previous support about $ 2,110, a level aligned with the minimums of mesh of sales of sales of August 5 and February 3.
• This level will act as resistance unless the price can find the previous acceptance in the next few days.

Cryptographic equities

• Strategy (MSTR): closed on Thursday at $ 324.59 (-1.43%), less than 2.87% at $ 315.29 in the previous market
• Global Coinbase (Coin): Closed at $ 188.58 (-2.77%), 1.35% at $ 186.04
• Galaxy Digital Holdings (GLXY): closed at C $ 17.44 (-3.54%)
• Mara Holdings (Mara): closed at $ 13.64 (-1.09%), less than 1.76% at $ 13.40
• Riot Platforms (Riot): Closed at $ 7.77 (-1.65%), less than 1.8% at $ 7.63
• Core Scientific (Corz): closed at $ 7.88 (+3.28%), less than 1.52% at $ 7.76
• CleanSTark (CLSK): closed at $ 7.84 (-3.45%), less than 1.47% at $ 7.73
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): closed at $ 14.04 (-1.96%)
• Semler Scientific (SMLR): closed at $ 36.92 (-6.7%), 0.22% higher than $ 37
• Exodus movement (exod): closed at $ 52.28 (+4.56%), 4.17% at $ 50.10

ETF flows

Spot BTC ETF:

• Daily net flow: $ 89 million
• Cumulative net flows: $ 36.42 billion
• Total BTC holdings ~ 1,122 million.

Spot Eth Ethfs

• Daily net flow: -$ 4.2 million
• Cumulative net flows: $ 2.42 billion
• Total eth holdings ~ 3,423 million.

Source: Farside Investors

Flows during the night

Figure of the day

• Bitcoin’s domain continues to increase and is now approaching a key resistance level at 62.3%.
• Currently, 62.05% and that is maintained above all exponential mobile averages (EMA) exponential, the force in the BTC domain suggests continuous pressure on the Altcoins in the short term, with a higher risk we are probably decreased if this trend persists.

While you sleep

In the ether