Altcoins slide, gold shines while Trump prices stimulate the flight to safety

By Francisco Rodrigues (at any time and unless otherwise indicated)

The cryptography market extends yesterday’s slide while investors predict the impact of President Donald Trump’s reciprocal prices, who come into force on April 2 and key macroeconomic data scheduled for Friday.

Bitcoin (BTC) has lost 2.5% in the last 24 hours, which seems fairly Staid compared to almost 6% of the slide in ether (ETH), 5.5% in XRP and 7% in Dogecoin (Doge). The wider index of Coindesk 20 (CD20) fell by 4.65%. Gold, on the other hand, has reached new heights.

The growing exposure to gold benefited the tokens supported by the precious metal, including the last Stablecoin report by Coindesk Data shows a market capitalization of $ 1.4 billion in March.

It seems that traders are not reducing exposure to risks with an eye on the report on personal consumer expenditure in the United States (PCE) which will be published later. These data could influence the decisions of interest rates of the federal reserve and therefore any appetite for risk in the future.

Bitcoin traders also provide for $ 12.2 billion in BTC options today, with a maximum point of pain at $ 85,000. Implicit volatility, however, remains close to annual stockings because the expiration cannot move the market, according to the OTC merchant of Wintermute Jake O.

“These expirations have not yet been in a coherently moved the markets, largely because the BTC options do not remain low compared to the punctual activity,” said Jake O. in a statement sent by email. “This $ 12 billion is overshadowed by $ 28 billion in punctual volume exchanged in the last 24 hours.”

While the derisory trend is increasing, Bitcoin Bitcoins (ETF) has seen constant entries since mid-March, adding nearly a billion dollars in the past two weeks. On the other hand, the outlets of Ether ETF spot remained persistent, with around $ 115 million that left these funds during the same period.

For the future, fund managers are likely to continue to reduce risk exposure. The trend has prompted Goldman Sachs to increase its objective of gold courses for the year to $ 3,300 per ounce Troy, with the potential to increase to $ 4,500 in an “extreme tail scenario”. Stay vigilant!

What to look at

• Crypto:
  • April 1: Metaplanet (3350) 10 for 1 The stock fraction comes into force.
• Macro
  • March 28, 8:00 am: The Brazilian Institute of Geography and Statistics (IBGE) publishes unemployment rate data in February.
    • Unemployment rate is. 6.8% against Plan. 6.5%
  • March 28, 8:00 a.m.: Mexico National Institute of Statistics and Geography Versions of February unemployment data.
    • Unemployment rate is. 2.6% against Plan. 2.7%
  • March 28, 8:30 am: Statistics Canada publishes GDP data from January.
    • Mom GDP is. 0.3% against prev. 0.2%
  • March 28, 8:30 am: The US Economic Analysis Bureau publishes data on income and expenses of February consumers.
    • Basic PCE price index Mom is. 0.3% against prev. 0.3%
    • Core pce price index yoy is. 2.7% against Plan. 2.6%
    • PCE Price Index Mom is. 0.3% against prev. 0.3%
    • Index pce price yoy is. 2.5% against Plan. 2.5%
    • Personal income mom is. 0.4% against prev. 0.9%
    • Personal expenses Mom is. 0.5% against prev. -0.2%
  • April 2 at 12:01 p.m.: The reciprocal price plan for the Trump administration comes into force in parallel with a price of 25% on imported cars and certain automotive parts.
• Gains (Estimates based on facts)
  • March 28: Galaxy Digital Holdings (GLXY), pre-commercialization, C $ 0.38

Token events

• Governance votes and calls
  • The DAO balancer discusses the creation of a balancing alliance program, which would see the protocol sharing part of the income it generates with key ecosystem partners in the form of the USDC as a vebal.
  • COW DAO discusses the updating of the definition of purchase orders after a basic network incident revealed that the current version could lead to an excessive solver allocation.
  • Arbitrum Dao votes on the conversion of 15 million arbles in stablecoins to manage via a division “33/33/33 between Karpatkey, BEVERADE & MYSO and GAUNTLET”. He also votes on the allocation of 10 million ARB in “chain strategies designed to generate a return while protecting the director”. The vote ends on April 3.
  • March 28, 3 H: Onology to organize a weekly update of the community via x spaces.
• Unlocking
  • March 31: Optimism (OP) to unlock 1.93% of its food in circulation worth 26.47 million dollars.
  • April 1: SU (SUI) to unlock 2.03% of its food in circulation worth 164.98 million dollars.
  • April 1: Zetachain (Zeta) to unlock 6.05% of its food in circulation worth $ 15.30 million.
  • April 2: Ethena (ENA) to unlock 0.77% of its supply in circulation worth $ 15.87 million.
  • April 3: Wormhole (W) to unlock 47.64% of its supply in circulation worth 128.09 million dollars.
  • April 7: KASPA (KAS) to unlock 0.59% of its supply in circulation worth $ 10.91 million.
  • April 9: Movement (movement) to unlock 2.04% of its supply in circulation worth $ 23.54 million.
• Token lists
  • March 28: Binance to delimit Aergo (Aergo).
  • March 31: Binance to bring back USDT, FDUSD, TUSD, USDP, DAI, AUR, UST, USTC and PAXG.

Conferences

Talk about tokens

By Shaurya Malwa

• A small set of tokens earns more traction on social media platforms such as X, Reddit and Telegram, according to health data, making advantageous traders to put a surveillance list as market conditions improve.
• Solana (soil) leads the pack because of its high liquidity and its growing interest in projects based on Solana, alongside Curve Dao Token (CRV), which has experienced a price rebound of 30% and increased commercial activity in the last three weeks.
• The COTI generates excitement following a recent air tablet, with users exploring its supply and exchange challenges, while Walrus (Wal), a SUP ecosystem project, is a wave of interest fueled by pairs’ mentions and exchange lists.
• Social chatter often precedes price movements because it is indicative of the upcoming demand or changing feelings.

Positioning of derivatives

• The global open interests of all instruments increased to $ 105 billion, compared to $ 124 billion earlier in the day, coinciding with the broader withdrawal of the main digital assets, according to LaEvitas data.
• In the past 24 hours, total liquidations amounted to $ 362 million, with long positions representing 83% dominant of the effuyer.
• Among the assets with more than $ 100 million in open interest, the highest percentage decreases were observed in PEPE (-14.0%), PNUT (-13.7%), Worldcoin (-12.6%), Avalanche (-11.9%) and BNB (-11.5%). Only three assets in this group have seen an increase in interest opened in the last 24 hours: Toncoin (+ 15.5%), Berachain (+ 9.78%) and ACT (+ 2.15%).
• On the thermal liquidation card for the largest pair in the long term, recent action of prices has swept the main drops in down liquidation. The following major areas for potential liquidations are located at $ 86,000 and $ 88,000, which suggests that these levels could attract volatility if they are approached.

Market movements:

• BTC is down 2.34% from 4 p.m. HE Thursday at $ 85,266.30 (24 hours: -2.28%)
• ETH is down 4.77% to 1911.49 (24 hours: -5.51%)
• Coindesk 20 is down 4.37% to 2,618.54 (24 hours: -4.55%)
• The CESR ether composite pace is up 2 BPS to 2.99%
• The BTC financing rate is 0.0155% (5.6666% annualized) on the Binance

• Dxy is unchanged at 104.43
• Gold is up 1.65% to $ 3,110.60
• The money increased by 1.38% to $ 35.38 / oz
• Nikkei 225 closed -1.8% at 37,120.33
• Hang Seng Closed -0.65% at 23,426.60
• FTSE is up 0.29% to 8,691.20
• Euro Stoxx 50 is down 0.14% to 5,373.72
• Djia closed Thursday -0.37% at 42,299.70
• S&P 500 closed -0.33% to 5,693.31
• Nasdaq closed -0.53% to 17,804.03
• The S&P / TSX closed composite index unchanged at 25 161.10
• S&P 40 Latin America closed + 0.27% to 2,466.98
• The 5 -year American treasure rate is down 4 BPS to 4.34%
• E-Mini S&P 500 Term contracts are down 0.2% to 5,727.75
• The term contracts on the NASDAQ-100 E-Mini are down 0.36% to 19,917.75
• E-Mini Dow Jones Industrial Index Future Index is down 0.13% to 42,546.00

Bitcoin statistics:

• BTC dominance: 62.04 (0.44%)
• Ethereum / Bitcoin ratio: 0.02241 (-2.44%)
• Hashrate (Mobile average at seven days): 847 EH / S
• Hashprice (spot): $ 47.45
• Total costs: 5.28 BTC / 449 016 $
• CME Futures open interest: 140 460 BTC
• BTC at the price of gold: 27.7 oz
• BTC vs Gold Market Capt: 7.86%

Technical analysis

• Ether continues to delay in the larger market, the prices consolidating around the levels observed for the last time in November 2023.
• With prices lower than all the exponential medium -sized medium (EMAS), ETH has struggled to recover old support almost $ 2,110 – a level aligned with the stocks of sales of August 5 and February 3.
• This level should act as resistance, unless the price can find the above acceptance in the coming days.

Cryptographic actions

• Strategy (MSTR): closed Thursday at $ 324.59 (-1.43%), down 2.87% to $ 315.29 in pre-commercialization
• Coinbase Global (room): closed at $ 188.58 (-2.77%), down 1.35% to $ 186.04
• Galaxy Digital Holdings (GLXX): closed at $ 17.44 CA (-3.54%)
• Mara Holdings (Mara): closed at $ 13.64 (-1.09%), down 1.76% to $ 13.40
• Riot Platform (Riot): closed at $ 7.77 (-1.65%), down 1.8% to $ 7.63
• Core Scientific (CORZ): closed at $ 7.88 (+ 3.28%), down 1.52% to $ 7.76
• Cleanspark (CLSK): closed at $ 7.84 (-3.45%), down 1.47% to $ 7.73
• Coinshares Valkyrie Bitcoin Miners Etf (WGMI): closed at $ 14.04 (-1.96%)
• Semler Scientific (SMLR): closed at $ 36.92 (-6.7%), up 0.22% to $ 37
• Exodus movement (Exodus): closed at $ 52.28 (+ 4.56%), down 4.17% to $ 50.10

ETF Flows

BTC ETFS spot:

• Daily net flow: $ 89 million
• Cumulative net flows: 36.42 billion dollars
• Total BTC Holdings ~ 1,122 million.

ETH ETFF SPOT

• Daily net flow: – $ 4.2 million
• Cumulative net flows: $ 2.42 billion
• Total of Eth Holdings ~ 3.423 million.

Source: Wacky investors

Nightflow

Graphic of the day

• The domination of the bitcoin continues to increase and now approaches a level of key resistance to 62.3%.
• Currently at 62.05% and by holding above all the main exponential mobile mediums (EMAS), the force of domination of the BTC suggests continuous pressure on short-term altcoins, with an additional risk of drop probably if this trend persists.

While you slept

In ether