What You Need to Know
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Market Reflections: “There are decades where nothing happens; and there are weeks where decades happen.” — Vladimir Ilyich Lenin
Today, the traditional investment strategy of 60% equities and 40% bonds feels disrupted. Historical downturns such as 2008 and 2020 showed that equities could thrive alongside bonds during uncertain times. However, due to ongoing geopolitical tensions, primarily influenced by Donald Trump’s tariffs, inflation rates remain high, leading to rising Treasury yields and plummeting bond prices.
Currently, Treasury bond prices have dropped by approximately 50% from their peaks in 2020. In a similar vein, the conventional stock-focused portfolio is struggling. U.S. equities are facing underperformance amid a comprehensive market downturn. Even the U.S. dollar is weakening as capital flows lean toward the yen and euro.
As traditional assets falter, alternative investments like gold are gaining prominence; it has surged to around $3,500 per ounce, reflecting its robust status as a safe haven. Remarkably, gold has seen an increase of nearly $6 trillion in market capitalization this year—threefold that of Bitcoin at its historical peak.
Bitcoin continues its recovery, re-establishing its dominance, reaching a notable 64.39% market share in crypto, and distinguishing itself from U.S. tech stocks. With upcoming expirations of $6.7 billion in Bitcoin options, traders should prepare for potential volatility.
Key Upcoming Events
- April 22: Launch of the Lyora upgrade on the Injective (INJ) mainnet.
- April 25, 1 p.m.: SEC’s Crypto Task Force Roundtable on “Key Considerations for Crypto Custody.” Learn more.
Market Movements:
- BTC is currently valued at $88,539.04, gaining 1.45% since yesterday.
- ETH is valued at $1,628.60, a rise of 3.43%.
- The gold price is noted at $3,456.97 per ounce, marking an increase of 4.28%.
Keep an eye on these market dynamics as major trends unfold.
