Welcome to your Easter weekend edition of Crypto Daybook Americas, providing a snapshot of what occurred overnight in the crypto markets and what lies ahead.
Today’s updates will be shorter due to the holiday, with the next full briefing set to return on Monday.
Markets are quiet as many traditional venues are closed or operating on a reduced schedule. The CoinDesk 20 index saw little movement, with Bitcoin holding a marginal gain of 0.1% to reach around $84,550.
In a significant commentary, Former President Donald Trump called for the removal of Federal Reserve Chair Jerome Powell, critiquing his failure to address interest rates promptly. Trump stated on Truth Social that Powell was “too late” regarding necessary cuts, insisting, “his termination cannot come fast enough!”
This back-and-forth has left markets cautious, with some investors shifting focus to gold amid increasing economic uncertainty. According to Ira Auerbach from Offchain Labs, Trump’s suggestions could reignite Bitcoin’s narrative as a hedge against inflation.
What to Watch:
- Crypto Events: April 18 will see Pepecoin undergo its second halving, reducing block rewards.
- Macro Events: Keep an eye on consumer confidence data set to release on April 18 from Argentina’s Torcuato Di Tella University.
Upcoming Conferences:
CoinDesk’s Consensus will be held in Toronto on May 14-16, where attendees can utilize code DAYBOOK for a 15% discount.
Stay tuned and keep your portfolios safe!
