April 17, 2025

Crypto Daybook Americas: Bitcoin Loses Allure to Gold as Economic Concerns Rise

By Parrot Press Staff President Donald Trump’s recent announcement of “reciprocal tariffs” this month has caused economic trade policy uncertainty to reach an all-time high. This has led investors to shy...

By Parrot Press Staff

President Donald Trump’s recent announcement of “reciprocal tariffs” this month has caused economic trade policy uncertainty to reach an all-time high. This has led investors to shy away from risk assets, such as bitcoin (BTC) and other cryptocurrencies.

Federal Reserve Chairman Jerome Powell added fuel to the fire by stating late Wednesday that the central bank anticipates a rise in unemployment as the economy is likely to slow down and inflation is expected to increase. Powell mentioned that some of the tariffs imposed are likely to be paid by the public, further weighing on risk assets. This resulted in the Nasdaq dropping 1.17% and the S&P 500 decreasing by 2.24% before the closing bell. Despite this, bitcoin saw an increase of more than 1% in the past 24 hours. The CoinDesk 20 (CD20) index, which provides a broader market perspective, also saw a rise of 1.8%. However, the crypto market is more considered a gauge of risk rather than a safe haven, as reported by Coindesk.

According to Michael Brown, an analyst at Pepperstone, there is likely to be a growing demand for “assets which provide shelter from political incoherence and trade uncertainty,” as reported by The Telegraph. While bitcoin has outperformed the stock market, showing a 1% increase in the past month compared to the Nasdaq’s 8% drop, institutional investors are turning to gold as a safe haven investment.

Gold has seen an 11% increase over the last month and a 27% increase since the beginning of the year, reaching around $3,340 per troy ounce. A survey conducted by Bank of America’s Global Fund Manager revealed that 49% of fund managers view “long gold” as the most crowded trade on Wall Street, with 42% of them predicting it to be the best-performing asset of the year.

UBS analysts suggested that adding gold allocations has become more compelling due to the escalating tariff uncertainty, weaker growth, higher inflation, geopolitical risks, and diversification away from US assets and the US dollar, as reported by Investopedia.

Gold fund flows have reached $80 billion so far this year, while data from SoSoValue indicates that spot bitcoin ETFs have seen $5.25 billion net inflows in January, with net outflows occurring since the rise in uncertainty. In the month of April alone, over $900 million has exited these funds, following net outflows of $3.56 billion in February and $767 million in March. It is advised to stay alert in such an uncertain market environment.

In the latest Token Events updates, EigenLayer is implementing slashing on Ethereum mainnet, Pepecoin is undergoing its second halving, BNB Chain will be undergoing the opBNB mainnet hardfork, and Coinbase Derivatives will be listing XRP futures pending approval by the U.S. Commodity Futures Trading Commission.

Various conferences and events, such as CoinDesk’s Consensus in Toronto on May 14-16, NexTech Week Tokyo, Money20/20 Asia in Bangkok, Crypto Horizons 2025 in Dubai, and many more are scheduled to take place in the upcoming days.

In other news, Raydium’s LaunchLab platform has gone live, competing with Pump.fun and introducing a perceived competing platform to the Solana ecosystem. This has led to over 1,750 tokens being created shortly after LaunchLab’s debut, driving the price of Raydium’s RAY token up by as much as 10%.

On the technical analysis front, Bitcoin has rebounded off the golden pocket zone, showing strong buyer interest. It has broken out of the daily downtrend that has been in place since February, indicating a potential shift in structure. BTC is currently sitting below the daily 50 and 200 exponential moving averages, which act as important decision points for the price direction.

Overall, the market is seeing fluctuations due to economic uncertainty, geopolitical risks, and trade concerns, highlighting the importance of diversification and following market trends closely.

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April 15, 2025

Blockchain / Crypto / Cryptocurrency / Equities / Exchange / Finance

Crypto Daybook Americas: Bitcoin Dominance Nears 4-Year High as BTC Defies Global Jitters

By [Your Name] (All times ET unless indicated otherwise) Bitcoin (BTC) continues to defy global economic uncertainty, inching closer to reclaiming $86,000. It is now less than 3% away from its...

By [Your Name] (All times ET unless indicated otherwise)

Bitcoin (BTC) continues to defy global economic uncertainty, inching closer to reclaiming $86,000. It is now less than 3% away from its “Liberation Day” high. To put the move into perspective, bitcoin dominance — which measures BTC’s share of the total cryptocurrency market cap — is approaching 64%, a level not seen since January 2021.

In contrast, the Nasdaq 100 is still 5% away from its own Liberation Day high, underscoring bitcoin’s relative strength versus U.S. equities.

According to X account Cheddar Flow, the S&P 500 has just formed a “death cross” — a traditionally bearish signal that occurs when the 50-day moving average falls below the 200-day moving average. The last time this happened was March 15, 2022, when S&P 500 initially rose by 11% in the following week, only to be followed by a 20% decline. Bearish sentiment is also reflected in the options market, where investors are reportedly buying large volumes of NVDA puts, signaling expectations of lower prices.

In a Bloomberg interview on Monday, Treasury Secretary Scott Bessent reaffirmed confidence in the U.S. bond market, dismissing concerns that foreign nations are dumping Treasuries.

“I am not seeing a dumping of U.S. Treasuries,” Bessent said. “The Treasury has lots of tools, but we’re a long way from needing them.” He also emphasized the enduring status of the U.S. dollar as the world’s reserve currency, despite the DXY index — which measures the dollar’s value against a basket of major trading partners — falling below 100 and dropping over 10% in recent weeks.

Bessent also confirmed that the Trump administration is seeking a new Federal Reserve Chair to replace Jerome Powell, with interviews set to begin later in the year. He concluded the interview by suggesting that the VIX (S&P 500 volatility index) may have peaked after the largest one-day percentage drop in its history last week. Stay alert!

What to Watch:

Crypto:

April 15: The first SmarDEX (SDEX) halving means the SDEX token’s distribution will be cut by 50% for the next 12 months.

April 16: HashKey Chain (HSK) mainnet upgrade enhances network stability and fee control capabilities.

April 17: EigenLayer (EIGEN) activates slashing on Ethereum mainnet, enforcing penalties for operator misconduct.

April 18: Pepecoin (PEP), a layer-1, proof-of-work blockchain, undergoes its second halving, reducing block rewards to 15,625 PEP per block.

April 20, 11 p.m.: BNB Chain (BNB) — opBNB mainnet hardfork.

April 21: Coinbase Derivatives will list XRP futures pending approval by the Commodity Futures Trading Commission (CFTC).

Macro:

April 15, 8:30 a.m.: Statistics Canada releases March consumer price inflation data.
Core Inflation Rate MoM Prev. 0.7%
Core Inflation Rate YoY Prev. 2.7%
Inflation Rate MoM Est. 0.6% vs. Prev. 1.1%
Inflation Rate YoY Est. 2.6% vs. Prev. 2.6%

April 16, 8:30 a.m.: The U.S. Census Bureau releases March retail sales data.
Retail Sales MoM Est. 1.4% vs. Prev. 0.2%
Retail Sales YoY Prev. 3.1%

April 16, 9:45 a.m.: Bank of Canada releases its latest interest rate decision, followed by a press conference 45 minutes later.
Policy Interest Rate Est. 2.75% vs. Prev. 2.75%

April 16, 1:30 p.m.: Fed Chair Jerome H. Powell will deliver an “Economic Outlook” speech. Livestream link.

April 17, 8:30 a.m.: U.S. Census Bureau releases March new residential construction data.
Housing Starts Est. 1.42M vs. Prev. 1.501M
Housing Starts MoM Prev. 11.2%

April 17, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended April 12.
Initial Jobless Claims Est. 226K vs. Prev. 223K

April 17, 7:30 p.m.: Japan’s Ministry of Internal Affairs & Communications releases March consumer price index (CPI) data.
Core Inflation Rate YoY Est. 3.2% vs. Prev. 3%
Inflation Rate MoM Prev. -0.1%
Inflation Rate YoY Prev. 3.7%

Earnings (Estimates based on FactSet data)

April 22: Tesla (TSLA), post-market
April 30: Robinhood Markets (HOOD), post-market

Token Events:

Governance votes & calls

Venus DAO is discussing the forced liquidation of the remaining debt owed by a BNB bridge exploiter account that “supplied extraneously minted BNB to Venus and generated an over-collateralized debt position.”
Aave DAO is discussing taking further steps to deprecate Synthetix’s sUSD on Aave V3 Optimism over technical developments that have “compromised its ability to consistently maintain its peg.”
GMX DAO is discussing the establishment of a GMX reserve on Solana, which would involve bridging $500,000 in GMX to the blockchain and transferring the funds to the GMX-Solana Treasury.
Treasure DAO is discussing handing the core contributor team the authority to wind down and close the Treasure Chain infrastructure on ZKsync and manage the primary MAGIC-ETH protocol-owned liquidity pool given the “crucial financial situation” of the protocol.

April 15, 10 a.m.: Injective to hold an X Spaces session with Guardian.
April 16, 7 a.m.: Aergo to host an Ask Me Anything (AMA) session on the future of decentralized artificial intelligence and the project.
April 16, 3 p.m.: Zcash to host a Town Hall on LockBox Distribution & Governance.

Unlocks

April 15: Sei (SEI) to unlock 1.09% of its circulating supply worth $10.08 million.
April 16: Arbitrum (ARB) to unlock 2.01% of its circulating supply worth $27.17 million.
April 18: Official Trump (TRUMP) to unlock 20.25% of its circulating supply worth $325.97 million.
April 18: Fasttoken (FTN) to unlock 4.65% of its circulating supply worth $82.60 million.
April 18: UXLINK (UXLINK) to unlock 11.09% of its circulating supply worth $18.29 million.
April 18: Immutable (IMX) to unlock 1.37% of its circulating supply worth $10.07 million.

Token Launches

April 15: WalletConnect Token (WCT) to be listed on Binance, Bitget, AscendEX, BingX, BYDFi, LBank, Coinlist and others.
April 16: Badger (BADGER), Balacner (BAL), Beta Finance (BETA), Cortex (CTXC), Cream Finance (CREAM), Firo (FIRO), Kava Lend (KAVA), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), UniLend Finance (UFT), VIDT DAO (VIDT) and aelf (ELF) to be delisted from Binance.
April 22: Hyperlane to airdrop its HYPER tokens.

Conferences:

Day 2 of 3: Morocco WEB3FEST GITEX Edition (Marrakech)
April 15: Strategic Bitcoin Reserve Summit (online)
Day 1 of 2: BUIDL Asia 2025 (Seoul)
Day 1 of 2: World Financial Innovation Series 2025 (Hanoi, Vietnam)
Day 1 of 3: NexTech Week Tokyo
April 22-24: Money20/20 Asia (Bangkok)
April 23: Crypto Horizons 2025 (Dubai)
April 23-24: Blockchain Forum 2025 (Moscow)

Token Talk

Story Protocol’s IP tokens experienced a 20% drop and recovery within hours during an unusual trading session on Monday.
Trading volume surged on exchanges including Binance and OKX Spot, with $138 million recorded after the price rebound.
The sudden price movement was isolated from broader market trends, sparking speculation about insider activity or coordinated selling.
Also on Monday, MANTRA’s OM token plummeted over 90% in hours, dropping from around $6.30 to as low as 37 cents and wiping out over $5 billion in market capitalization.
The token has since rebounded slightly to trade around 63 cents.
Laser Digital, a Nomura-backed investor, was initially flagged for depositing $41 million in OM to OKX, but the company denied selling, clarifying it was collateral return from a financing trade. Shorooq Investors also denied selling.

Derivatives Positioning

BTC shorts have been liquidated on most exchanges in the past 24 hours, excluding BitMEX and Gate.io, according to Coinglass. The opposite is the case in ETH.
XRP’s perpetual futures open interest has dropped from 544.7 million XRP to 480 million XRP, diverging from the price recovery seen since Monday last week.
SUI, ONDO, ADA and APT have seen a notable increase in futures open interest in the past 24 hours. Of those, XMR is the only one with the positive OI-adjusted cumulative volume delta, representing net buying pressure.
On Deribit, short-dated BTC and ETH options continue to show a bias for protective puts, suggesting cautious sentiment.
Flows on OTC desk Paradigm have been mixed with both calls and puts bought in the April expiry.

Market Movements:

BTC is up 1.19% from 4 p.m. ET Monday at $85,877.18 (24hrs: +1.35%)
ETH is up 0.59% at $1,645.30 (24hrs: -1.97%)
CoinDesk 20 is up 0.99% at 2,519.69 (24hrs: +0.19%)
Ether CESR Composite Staking Rate is up 18 bps at 3.18%
BTC funding rate is at 0.0184% (6.7003% annualized) on Binance
DXY is unchanged at 99.70
Gold is up 1.26% at $3,245.30/oz
Silver is up 0.81% at $32.35/oz
Nikkei 225 closed +0.84% at 34,267.54
Hang Seng closed +0.23% at 21,466.27
FTSE is up 0.92% at 8,209.04
Euro Stoxx 50 is up 0.82% at 4,951.51
DJIA closed on Tuesday +0.78% at 40,524.79
S&P 500 closed +0.79% at 5,405.97
Nasdaq closed +0.64% at 16,831.48
S&P/TSX Composite Index closed +1.18% at 23,866.50
S&P 40 Latin America closed +1.8% at 2,340.02
U.S. 10-year Treasury rate is up 1 bp at 4.39%
E-mini S&P 500 futures are up 0.12% at 5,447.25
E-mini Nasdaq-100 futures are up 0.26% at 18,983.25
E-mini Dow Jones Industrial Average Index futures are unchanged at 40,750.00

Bitcoin Stats:

BTC Dominance: 63.80 (0.16%)
Ethereum to bitcoin ratio: 0.01913 (-0.31%)
Hashrate (seven-day moving average): 896 EH/s
Hashprice (spot): $44.1 PH/s
Total Fees: 6.33 BTC / $536,017
CME Futures Open Interest: 134,730
BTC priced in gold: 26.6 oz
BTC vs gold market cap: 7.56%

Technical Analysis

On Monday, the bitcoin cash-bitcoin (BCH/BTC) ratio failed to penetrate the trendline characterizing the 12-month bear market.
A potential move above the trendline could see breakout traders join the market, lifting BCH higher.

Crypto Equities

Strategy (MSTR): closed on Monday at $311.45 (+3.82%), up 0.62% at $313.38 in pre-market
Coinbase Global (COIN): closed at $176.58 (+0.62%), up 1.28% at $178.84
Galaxy Digital Holdings (GLXY): closed at C$15.81 (+3.47%)
MARA Holdings (MARA): closed at $12.95 (+3.52%), up 1.24% at $13.11
Riot Platforms (RIOT): closed at $7.01 (-0.71%), up 0.71% at $7.06
Core Scientific (CORZ): closed at $7.06 (-0.14%)
CleanSpark (CLSK): closed at $7.78 (+3.73%), up 1.29% at $7.88
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $12.70 (+1.44%), up 1.44% at $12.90
Semler Scientific (SMLR): closed at $34.26 (+1.48%)
Exodus Movement (EXOD): closed at $39.43 (-10.55%), unchanged in pre-market

ETF Flows

Spot BTC ETFs:

Daily net flow: $1.5 million
Cumulative net flows: $35.46 billion
Total BTC holdings ~1.11 million

Spot ETH ETFs

Daily net flow: -$6 million
Cumulative net flows: $2.28 billion
Total ETH holdings ~3.36 million

Source: Farside Investors

Overnight Flows

Chart of the Day Personalized: Disney’s Bob Iger to exit Apple’s board

In the Ether

**Insert interesting content about current events, stories, etc. in the crypto world**

That’s all for now, stay in-the-know with The Parrot Press for the latest updates and insights on the dynamic world of cryptocurrencies and finance!

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April 11, 2025

Crypto / Cryptocurrency

S&P 500 More Volatile Than Bitcoin as U.S. Assets Lose Investor Favor

Tags:AI bitcoin btc Crypto Donald Trump S&P 500 Stocks Trump US

In recent times, bitcoin (BTC) has faced criticism from Wall Street due to its volatile nature. However, the scenario has experienced a significant shift as President Donald Trump’s aggressive trade policies...

In recent times, bitcoin (BTC) has faced criticism from Wall Street due to its volatile nature. However, the scenario has experienced a significant shift as President Donald Trump’s aggressive trade policies have made U.S. assets less appealing.

Following Trump’s Liberation Day tariff announcement on April 2, the S&P 500, Wall Street’s key equity index, witnessed a surge in seven-day realized volatility from an annualized 50% to 169%, the highest level since the 2020 coronavirus crash. On the other hand, BTC’s seven-day realized volatility doubled to 83%, still lower than the S&P 500. This suggests that bitcoin might be evolving as a low-beta hedge against conventional stocks, with the cryptocurrency showing lower volatility than the S&P 500 over a 30-day period.

James Butterfill, Head of Research at CoinShares, raised an interesting question, “Should investors trust assets that are highly influenced by politics and human error, or opt for a mathematical framework and a budding store of value that is more resilient to such risks?”

Amid these developments, investors have been abandoning U.S. assets. The S&P 500 has witnessed a drop of 14% in less than two months due to fears of trade wars that have now become a reality. The Nasdaq and Dow Jones Industrial Average have also faced losses while global equity markets have become more volatile.

Historically, in times of heightened risk aversion, investors tend to seek refuge in Treasury notes and the U.S. dollar. However, recently, there has been a significant sell-off of Treasury notes, leading to higher yields, while the dollar index has declined. The 10-year bond yield has increased by 62 basis points to 4.45%, and the dollar index has reached a low of 100, the lowest since late September.

Generally, when national bond yields rise, the respective currencies tend to appreciate, unless concerns arise about the country’s debt situation. The Global South saw this play out in 2018.

According to Evercore ISI, the scenario where yields rise and currency depreciates is common in Emerging Markets, but unusual for the U.S. economy. This development reflects diminishing U.S. growth exceptionalism and reduced attractiveness of dollar assets for reserve purposes due to unpredictable decision-making in the U.S.

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April 10, 2025

Crypto

New Bull Run or Bear-Market Rally? Only Time Will Tell

Tags:AI bitcoin btc China Crypto Donald Trump gold S&P 500 Stocks Strategy Tariffs Trump US

Don’t be deceived by Wednesday’s market rebound, with the S&P 500 climbing by the most since 2008 and noticeable gains in bitcoin (BTC) and the broader crypto market, as represented by...

Don’t be deceived by Wednesday’s market rebound, with the S&P 500 climbing by the most since 2008 and noticeable gains in bitcoin (BTC) and the broader crypto market, as represented by the CoinDesk 20 (CD20) index.

The surge, triggered by President Donald Trump’s announcement of a 90-day pause on tariffs, has led to optimism on social media about a potential prolonged bull run in both stocks and crypto. However, analysts at Goldman Sachs and others caution against being too optimistic, pointing out that multi-week, double-digit equity price rallies are common even in larger bear markets.

Goldman’s strategy team, led by Peter Oppenheimer, highlighted in a recent note titled “Bear Market Anatomy – the path and shape of the bear market” that bear market rallies are quite common due to light positioning and the amplified effects of variable changes on markets. They noted that there have been 19 global bear market rallies since the 1980s, lasting on average 44 days with returns of 10% to 15%.

Callum Thomas, founder and head of research at Topdown Charts, pointed out that one of the worst bear markets in history saw multiple major double-digit rallies before it was all said and done. The question remains – is the 90-day bounce a beginning of a bull market recovery?

The recent market bounce may not necessarily indicate the start of a new bull run or just a bear market rally, as certain characteristics of a sustainable bottom mentioned by Goldman, such as attractive valuations, extreme negative positioning, policy intervention, and a slowdown in macroeconomic deterioration, are not currently present.

The Federal Reserve is unlikely to provide immediate support, and Trump’s temporary halt on tariffs may not last beyond 90 days, potentially leading to resumed trade tensions. Additionally, tariffs on China are increasing, and stock prices are still not considered cheap.

Please note that the images attached to the article are also subject to speculation about market trends that should be taken into consideration.

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April 9, 2025

Crypto / Cryptocurrency

Trump-Backed World Liberty Financial Begins Selling ETH as Losses Top $125M

Tags:AI bitcoin btc Crypto Donald Trump ETH memecoin S&P 500 Trump World Liberty Financial

World Liberty Financial, a DeFi project backed by the Donald Trump family, has reportedly begun selling its ether (ETH) holdings at $1,465 per token, despite purchasing the asset for $3,259 earlier...

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April 7, 2025

Crypto / Cryptocurrency / Finance / Financial Markets

Markets in Freefall: Is the Credit Market Forcing the Fed’s Hand?

Tags:bitcoin btc Crypto Finance S&P 500 Stocks Strategy Trading trillion Trump US

The financial markets are currently experiencing a meltdown, with every drop strengthening expectations that the Fed will step in to offer support. Bitcoin (BTC), the leading cryptocurrency by market value, has...

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April 6, 2025

Crypto / Cryptocurrency / Stock Market

Bitcoin Drops Below $79K as Cryptos Plunge, Stock Futures Fall Another 5%

Tags:AI bitcoin btc Crypto ETH S&P 500 solana Tariffs Trading Trump US

The past week saw the terms “decoupling” and “safe haven” gain traction as bitcoin (BTC) remained resilient in the face of plummeting stock markets following President Trump’s imposition of tariffs on...

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April 4, 2025

Blockchain / Crypto / Stock Market

CoinDesk Weekly Recap: Bitcoin Holds Steady Amid Market Turmoil

Tags:AI bitcoin Circle Crypto ETH EU gold ripple S&P 500 solana US USDC

Last week was a challenging one for the stock market, as the S&P 500 saw a decline of over 6% in just five days. Despite this, Bitcoin managed to perform better...

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April 4, 2025

Tech

U.S. March Jobs Growth of 228K Blows Through 135K Forecast

Tags:AI bitcoin gold S&P 500 Trump US

In March, the U.S. employment situation remained strong, adding to the puzzle the Federal Reserve is trying to solve regarding short-term interest rates. Nonfarm payrolls increased by 228,000 last month, surpassing...

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April 4, 2025

Crypto / Cryptocurrency

China Announces 34% Tariff on All U.S. Goods. Bitcoin Falls Back to $83K

Tags:AI bitcoin China Crypto DOGE ETH EU Europe S&P 500 Tariffs Trading Trump US XRP

Risk sentiment took a hit during the European trading hours on Friday as China retaliated with tariffs on all goods in response to Trump’s decision to increase tariffs on Chinese goods...

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