What You Should Know:

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The crypto market has shown consolidation following a rebound in prices due to tariff pauses, with notable recoveries seen in memecoins, AI, and DeFi tokens. Among the prominent players are HYPE, HBAR, and SHIB.

This bullish sentiment is supported by favorable technical patterns and reduced volatility in the Treasury market, suggesting further price increases are possible. Meanwhile, the Australian dollar’s strength benefited risk assets, although the U.S. equity futures indicate a more cautious outlook.

Notably, despite some coins showing open interest growth such as LTC, TON, BCH, BNB, and PEPE, many major cryptocurrencies like BTC and ETH are witnessing a decline in open interest, signaling that the recent price increases largely stem from the unwinding of bearish positions rather than fresh investments.

In relevant news, President Donald Trump’s recent tariff decisions will likely maintain pressure in the economy. As reported by Bloomberg, even though new tariffs have been imposed, the U.S. still faces significant import tax rates, which might stifle growth.

Other significant updates include the SEC’s recent movements in approving filings related to Solana ETFs, as well as ongoing discussions within the Federal Reserve about potential economic stagnations.

For today’s focus, keep an eye on the U.S. consumer price index expected to report minimal growth, which could impact market sentiments moving forward.

What’s Coming Up:

1. Crypto Events

   • April 10: Status conference for former Terraform Labs CEO Do Kwon.
   • April 11: U.S. SEC Crypto Task Force Roundtable on regulation.
   • April 17: Activation of slashing measures on Ethereum by EigenLayer.

2. Macro Events

   • March CPI Data - anticipate a slight growth forecast.
   • Jobless Claims - review upcoming unemployment data.

Market Movements:

• BTC is currently priced at $81,748.51, down 1.74%.
• ETH is at $1,595.49, down 4.65%.
• Various other commodities and indices are showing mixed trends, with significant movements across different sectors.

Stay tuned for more updates and insights into the cryptocurrency landscape!