Pumpwap brings in cash as Trump tariffs weigh on the price of BTC

By James van Straten (All Times et unless indicated otherwise)

With increased commercial tensions, Asian and European actions extended the decreases last week. Nikkei 225 of Japan fell 4%, taking it to the correction territory after more than 10% of its high and European record indices, including FTSE 100, Dax and CAC 40, opened in El Red along with the futures of actions of the United States.

The backdrop are the new rates of President Donald Trump, which are revealed to the world on April 2 in an event that has called “day of release.” The president plans to impose taxes and tariffs on any country that is considered having an unfair commercial relationship with the United States.

“You would start with all countries, so let’s see what happens,” Trump said, according to Financial Times. His words suggest that, although tariffs can be initially applied widely, he is open to making concessions for some countries, said the FT.

On Friday, US actions fell after a hotter reading than expected in the inflation of the central PCE, the Federal Reserve’s favorite inflation meter. The uncertainty of the market can persist with the US jobs report. Due to Friday. Economists predict that the unemployment rate increases to 4.2%, while non -agricultural payrolls are projected at 128,000, below 151,000 of the previous month.

Gold is recovering in the back of this uncertainty, increasing more than $ 3,100 per ounce for the first time, 1.2% in the day and almost 20% to date. Meanwhile, Bitcoin (BTC) continues to fight, hovering just above $ 80,000. It has decreased more than 3% this month and 12% for the quarter, marking its worst performance from the fourth quarter of 2022.

Then consider ether (eth). The second largest cryptocurrency has had a significantly worse performance than Bitcoin this quarter, losing 46% on a slide that is the worst since 2018. As a result, the ether-bitcoin ratio has fallen to 0.02195, marking its lowest level since May 2020. At that time, Bitcoin was quoted below $ 10,000 200. Stay alert!

What to see

• Crypto:
• Macro
  • April 1, 4:30 am: S&P Global Publications (final) Price data of the March Producer of the United Kingdom (PPI).
    • PPI manufacturing est. 44.6 vs. Prev. 46.9
  • April 1, 5:00 am: Consumer Price Index (CPI) of Eurostat (Flash) Eurozone March.
    • YOY EST Nucleus inflation rate. 2.5% vs. Prev. 2.6%
    • Previous mother inflation rate. 0.4%
    • Yoy Est inflation rate. 2.2% vs. Prev. 2.3%
    • Est. 6.2% unemployment rate. Prev. 6.2%
  • April 1, 9:00 am: S&P Global Liberations of the March Management Index of Brazil (PMI).
    • PMI Manufacture Prev. 53
  • April 1, 9:30 am: S&P Global Lotess Data from the March Management Index of Canada (PMI).
    • PMI Manufacture Prev. 47.8
  • April 1, 9:45 AM: Data on the index of the march administrators of march (final) of Global S&P.
    • PMI manufacturing est. 49.8 vs. Prev. 52.7
  • April 1, 10:00 am: The Joldias report of the United States Department of Labor (work openings, hiring and separations).
    • Work openings Est. 7.68m vs. Prev. 7.74m
    • Job Abandon Prev. 3,266m
  • April 1, 10:00 am: The Supply Management Institute (ISM) releases data from the March manufacturing sector.
    • ISM PMI manufacturing est. 50.3 vs. Prev. 50.3
  • April 2, 12:01 AM: The Trump administration reciprocal tariff plan, announced on February 13, comes into force along with a 25% rate in imported cars and certain pieces announced on March 26.
• Earnings (Estimates based on data data)

Token events

• Government votes and calls
  • 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.
  • Sky Dao is discussing the increase in the Smart Burn motor rate (SBE) after a recent executive proposal “resulted in a substantial increase in net income.”
  • March 31: A vote on a burning of 50 million tokens cro is scheduled to finish.
  • March 31: GMX will make a community call that includes a question and answer session and the presentation of proposals for possible bridge and messaging partners for GMX Multi Chain.
• You unlock
  • April 1: SUI (SUI) will unlock 2.03% of its circulating supply for a value of $ 143.15 million.
  • April 1: Zetachain (Zeta) will unlock 6.05% of its circulating supply for a value of $ 12.85 million.
  • April 2: Ethena (ENA) will unlock 0.77% of its circulating supply for a value of $ 14.07 million.
  • April 3: Wormhole (W) to unlock 47.64% of its circulating supply worth $ 112.67 million.
  • April 9: Movement (movement) to unlock 2.04% of its circulating supply for a value of $ 20.23 million.
• Tokens listings
  • March 31: Kinto (K) will be listed in Bingx, Gate.iom Mexc, Kraken, Hotcoin and others.
  • March 31: Binance to Delist USDT, FDUSD, Tusd, USDP, DAI, AEUR, UST, USTC and PAXG.

Conferences

Token talk

By Francisco Rodrigues

• Token Launchpad Pump.fun’s Training Platform Pumpwap, which allows tokens to be negotiated on their own platform instead of in the decentralized exchange Raydium, has negotiated $ 2.6 billion cumulative from its debut of March 20, according to Dune data.
• That makes it protocol No. 1 of the Solana ecosystem in rates collected in the last 24 hours, which brings $ 3.29 million, well above the runner -up, the Dex Jupiter aggregator, with $ 2.47 million.
• Pumpwap, according to Dune data, have had a total of 710,000 merchants on the platform and more than 32.39 million swaps since its introduction, which gives it a significant part of the Solana Dex ecosystem.
• However, the protocol faces winds against the slowdown of the solana ecosystem activity as Memecoin’s commercial frenzy cools. Artemis data show that the daily active addresses in Solana during the year decreased from a peak of 8.1 million to 4.2 million on March 29.

Derivative positioning

• The total open interest in all instruments fell to $ 101.3 billion, according to Laevitas data, continuing its downward trend last week.
• The decrease suggests a more cautious position of market participants, since they prepare for a volatile week that includes the end of the quarter, early ads about the tariffs of President Trump and the March works report on Friday.
• In the last 24 hours, the total liquidations amounted to $ 229.3 million, with long positions that represent 79% of the total. Looking at the BTC/USDT settlement heat map in Binance, the largest immediate liquidation group is at $ 81,200, for a total of $ 27.5 million.
• The following key groups are at $ 83,100 and $ 83,600, with liquidations for a total of $ 25.5 million and $ 24.7 million, respectively. Both levels are closely aligned with the CME gap created during the weekend.
• Among the tokens with more than $ 100 million in open interest, the largest 24 -hour increases were observed in EOS (+13.4%), Pepe (+8.99%), ton (+4.85%) and Hype (+2.55%). Assets with the greatest decrease in open interest in the last 24 hours include sui, Tao and nearby, falling 10.8%, 8.53%and 7.89%, respectively.

Market movements:

• BTC fell 2.98% of 4 pm et on Friday at $ 81,535.28 (24 hours: -1.27%)
• ETH has dropped 4.96% to $ 1,792.22 (24 hours: -1.3%)
• COINDESK 20 has dropped 4.98% to 2,447.78 (24 hours: -3.36%)
• The commitment rate composed of CESR Ether Cesr has dropped 7 PB to 2.93%
• The BTC financing rate is at 0.0114% (4,1709% annualized) in Binance

• DXY has not changed to 104.10
• Gold has increased 1.3% to $ 3,126.50/oz
• La Plata rises 0.95% to $ 34.97/oz
• Nikkei 225 closed -4.05% at 35,617.56
• Hang Seng closed -1.31% to 23,119.58
• Ftse fell 0.92% to 8,579.15
• Euro Stoxx 50 has dropped 1.22% to 5,266.50
• Djia closed on Friday -1.69% to 41,583.90
• S&P 500 closed -1.97% at 55.80.94
• Nasdaq closed -2.7% to 17,322.99
• S&P/TSX Compiete closed index -1.6% to 24,759.20
• S&P 40 Latina America closed -1.52% to 2,429.43
• The 10 -year Treasury rate. UU. 1 BPS fell to 4.2%
• E-mini s & p 500 futures have dropped 0.97% to 5,568.25
• E-mini nasdaq-100 futures have dropped 1.39% to 19,187.50
• E-mini dow Jones The industrial average of futures has dropped 0.63% to 41,588.00

Bitcoin statistics:

• BTC domain: 62.36 (0.24%)
• Bitcoin Ethereum Relationship: 0.02196 (0.09%)
• Hashrat (seven -day mobile): 835 eh/s
• HASHPRICE (SPOT): $ 45.7
• Total rates: 6.8 BTC / $ 589,342
• CME Future Open Interest: 142,520 BTC
• BTC with a gold price: 26.3 oz
• BTC vs Gold Market Cap: 7.45%

Technical analysis

• XRP, one of the main best performance altcoins of the year, is approaching a critical support zone between $ 1.95 and $ 2.0.
• This region has constantly acted as a strong demand area, with buyers intervening several times in the last four months.
• In addition to its importance, the area is aligned with the maximum of historical 2021 and is now backed by the daily exponential mobile average of 200, which is also gradually converging towards this level.
• It is likely that acceptance below this key level will result in a greater expansion to the disadvantage, given the loss of a key level that has been reliably maintained as support for several months.

Cryptographic equities

• Strategy (MSTR): closed on Friday at $ 289.41 (-10.84%), less than 3.49% at $ 279.38 in the previous market
• Global Coinbase (Coin): Closed at $ 173.93 (-7.77%), 3.2% at $ 168.37
• Galaxy Digital Holdings (GLXY): Closed at C $ 16.45 (-5.68%)
• Mara Holdings (Mara): closed at $ 12.47 (-8.58%), 3.69% at $ 12.01
• Riot Platforms (Riot): closed at $ 7.41 (-4.63%), less than 2.97% at $ 7.19
• Core Scientific (Corz): Closed at $ 7.48 (+3.28%), 3.74% at $ 7.20
• CleanSTark (CLSK): closed at $ 7.19 (-8.29%), 3.62% at $ 6.93
• COINSHARES VALKYRIE BITCOIN MINERS ETF (WGMI): closed at $ 13.13 (-6.48%), less than 2.51% at $ 12.80
• Semler Scientific (SMLR): closed at $ 36.86 (-0.16%), 5.83% at $ 34.71
• Exodus movement (exod): closed to $ 47.84 (-8.49%), without changes in the previous market

ETF flows

Spot BTC ETF:

• Daily net flow: -$ 93.2 million
• Cumulative net flows: $ 36.33 billion
• Total BTC holdings ~ 1,121 million.

Spot Eth Ethfs

• Daily net flow: $ 4.7 million
• Cumulative net flows: $ 2.42 billion
• Total Holdings Eth ~ 3,409 million.

Source: Farside Investors

Flows during the night

Figure of the day

• Both Bitcoin and Ether are on their way to publish their most steep quarterly slides since the second quarter of 2022.

While you sleep

In the ether