Crypto Assets Market Weekly Overview

This week, the Crypto Assets market showed a fluctuating trend. The fund flow of Bitcoin ETF remained relatively stable, with only a slight outflow of $13 million, having a limited impact on the overall trend. Bitcoin's price fluctuated within the range of $82,000 to $86,000, and market sentiment remains cautious, with the greed-fear index maintaining around 30.

On the Ethereum side, the ETF has shown a net outflow of funds for nine consecutive weeks, with an outflow of $32.3 million last week. The ETH/BTC exchange rate has fallen below 0.019, nearing historical lows. Ethereum's market share has dropped to 7.1%, hitting a new low in nearly five years. In the short term, there are unlikely to be significant breakthroughs in Ethereum's fundamentals, and investor confidence remains low.

Among the popular tokens, FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR have performed remarkably. MUSKIT saw an increase of up to 247.53% over the week, closely followed by VOXEL with a rise of 234.94%, reaching a maximum of 0.1423USDT. LBR also achieved a growth of 166.46%.

The US stock market fell overall last week, with the S&P 500 index, Dow Jones index, and Nasdaq index dropping by 1.5%, 2.7%, and 2.6% respectively. Market volatility increased, influenced by changes in trade policy and corporate earnings reports. Technology stocks performed weakly due to US-China trade frictions and export restrictions, but the impressive performance of Taiwanese semiconductor manufacturers provided some support for the Nasdaq.

Upcoming important events include: The Federal Reserve will release the Beige Book on economic conditions on April 24; The U.S. Securities and Exchange Commission plans to hold the third Crypto Assets policy roundtable on April 25, focusing on custody issues.

In terms of project dynamics, Balance has announced the EPT token economic model, with the token generation event (TGE) set to launch on April 21. The cross-chain protocol Hyperlane plans to conduct an airdrop of HYPER tokens on April 22, with 57% of the total supply allocated to community users. The lending platform Dolomite has announced that the DOLO token TGE will begin on April 24, with 20% of the tokens distributed as airdrops to platform users. Additionally, the official .sonic domain sale by Sonic Labs will also launch this week.