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Pumpswap carries cash while Trump tariffs weigh in BTC price

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By James Van Straten (all the time and unless otherwise indicated)

With the increase in trade tensions, Asian and Europe’s stocks were expanded by the decline last week. Japan’s Nikkei 225 fell 4%, brought to the correction territory after falling more than 10% from a high and European index record including FTSE 100, DAX, and CAC 40 opened in red next to the collapse of US stock futures.

The backdrop is President Donald Trump’s new tariffs, which is set to be revealed to the world on April 2 at an event he called the “Day of Liberation.” President plans to impose levies and tariffs on any country that is considered to have an unfair trade relations in the US

“You start all countries, so let’s see what happens,” Trump said, according to Financial periods. His words suggest that while tariffs may first apply widely, he is open to making concessions for some countries, FT said.

On Friday, US equality dropped after a warmer-than-expected reading of the Core PCE Inflation, the preferred gauge of Federal Reserve inflation. Market uncertainty may continue to report jobs in the US since Friday. Economists announced the unemployment rate rose to 4.2%, while non -slender payrolls were expected to be at 128,000, down from 151,000 last month.

Gold rallied behind this uncertainty, which dropped the past $ 3,100 per ounce for the first time-to 1.2% in the day and nearly 20% years-to-date. Meanwhile, Bitcoin (BTC) continues to struggle, which has been able to do just $ 80,000. It dropped more than 3% this month and 12% for the quarter, which has marked its worst performance since the fourth Quarter 2022.

Then consider the ether (eth). The second largest cryptocurrency has performed worse than Bitcoin this quarter, which has lost 46% to a slide worst since 2018. As a result, the ether-to-bitcoin ratio has dropped to 0.02195, marked the lowest level since May 2020. At that time, Bitcoin traded below $ 10,000, while the only above the top $ 10,000, while the only one on the top $ 10,000, while the only one on the top $ 10,000, while the only one on the top $ 10,000, while the only one on the top $ 10,000, while the only above the above $ 10,000, while the only above $ 10,000, was the only one on the top $ 10,000 of $ 200. Stay alert!

What to watch

Crypto:
Macro
- April 1, 4:30 AM: S&P Global Releases (Final) UK March Producer Price Index (PPI) Data.
  - Making PPI est. 44.6 compared to prev. 46.9
- April 1, 5:00 am: the release of Eurostat (Flash) Eurozone March Consumer Price Index (CPI).
  - Core inflation rate yoy est. 2.5% compared to prev. 2.6%
  - Inflation rate mom prev. 0.4%
  - The rate of inflation yoy est. 2.2% compared to prev. 2.3%
  - The rate of unemployment. 6.2% compared to Prev. 6.2%
- April 1, 9:00 am: S&P Global releases Brazil March Purchasing Managers’ Index (PMI) data.
  - Making PMI Prev. 53
- April 1, 9:30 AM: S&P Global Releases Canada March Purchasing Managers’ Index (PMI) Data.
  - Making PMI Prev. 47.8
- April 1, 9:45 am: S&P Global Releases (Final) US March Purchasing Managers’ Index (PMI) Data.
  - Making PMI EST. 49.8 compared to prev. 52.7
- April 1, 10:00 am: The Labor Department of Labor Department released a February Jolts report (job openings, hires, and separation).
  - Openings of Job EST. 7.68m compared to Prev. 7.74m
  - The job stops prev. 3.266m
- April 1, 10:00 AM: The Institute for Supply Management (ISM) has released US manufacturing sector data.
  - ISM Manufacturing PMI EST. 50.3 compared to Prev. 50.3
- April 2, 12:01 AM: The Tariffs plan of the Trump administration’s dance, announced Feb. 13, occurred next to a 25% tariff on that imported vehicles and some parts announced March 26th.
We are (Estimates based on factset data)

Events with the token

Votes and Management Calls
- Arbitrum dao is Converting 15 million ARBs in Stablecoins managed by a “33/33/33 split in Karpatkey, AvantGarde & Myso, and Gauntlet.” It also voted allocating 10 million ARB to “On-chain techniques designed to produce yield while protecting the principal.” Voting ends on April 3.
- Sky Dao discusses Smart Burn Engine (SBE) Rate Rate After a recent executive proposal “resulted in a major increase in net income.”
- March 31: a vote on a Burn 50 million tokens of CRO is set to end.
- March 31: GMX to hold a Call the community Includes a Q&A session and the presentation of proposals through potential partnerships and messaging for the GMX Multi Chain.
Unlocks
- April 1: Sui (SUI) to unlock 2.03% of its circulating -transfer supply worth $ 143.15 million.
- April 1: Zetachain (Zeta) to unlock 6.05% of its circulating -shifting supply worth $ 12.85 million.
- April 2: Etherna (ENA) to unlock 0.77% of the circulating -shifted supply worth $ 14.07 million.
- April 3: Wormhole (W) to unlock 47.64% of circulating -shifting supply worth $ 112.67 million.
- April 9: Movement (move) to unlock 2.04% of its circulating -switch supply worth $ 20.23 million.
Token lists
- March 31: KINTO (K) listed at Bingx, Gate.Iom Mexc, Kraken, Hotcoin and others.
- March 31: Binance to Delist USDT, FDUSD, TUSD, USDP, Dai, AEUR, UST, USTC, and PAXG.

Conference

Token talk

By Francisco Rodrigues

Token launchpad pump.fun trading platform Pumpswap. Data displays.
It makes it No. 1 Protocol of the Solana Ecosystem ecosystem with collected fees in the last 24 hours, carrying $ 3.29 million, more than runner-up, the Dex Aggregator Jupiter, with $ 2.47 million.
Pumpswap, Dune data shows, had a total of 710,000 merchants on the platform and more than 32.39 million swaps from its introduction, giving it a significant portion of Solana Dex ecosystem.
However the protocol faces headwinds with slowing Solana’s ecosystem activity as cool memecoin trading Frenzy. Artemis Data The day -to -day active address in Solana is shown for the year that dropped from a 8.1 million climax to 4.2 million on March 29th.

Derivatives positioning

The total open interest in all instruments has dropped to $ 101.3 billion, according to data from Laevitas, which has been on its descending trend since last week.
The refusal suggests a more careful bearing from market participants as they pay for a Sunday -change with the end of the quarter, expected announcements to tariffs from President Trump and the March Jobs report Friday.
In the past 24 hours, the total fluids cost $ 229.3 million, with a long position worth 79% of the total. Looking at the BTC/USDT Heatmap of Binance’s extermination, the biggest immediate cluster of extermination lies at $ 81,200, worth $ 27.5 million.
The next major clusters will be located at $ 83,100 and $ 83,600, with fluids worth $ 25.5 million and $ 24.7 million, respectively. Both levels are aligned near the CME gap created over the weekend.
Among tokens with over $ 100 million in open interest, the largest 24 -hour increase was seen in EOS (+13.4%), Pepe (+8.99%), TON (+4.85%), and hype (+2.55%). The properties with the biggest decline in open interest in the last 24 hours include SUI, people and close, falling 10.8%, 8.53%and 7.89%, respectively.

Market Movements:

BTC 2.98% dropped from 4 pm et Friday to $ 81,535.28 (24hrs: -1.27%)
ETH has dropped 4.96% to $ 1,792.22 (24hrs: -1.3%)
CoinDesk 20 drops 4.98% to 2,447.78 (24hrs: -3.36%)
Ether CESR Composite Staking Rate drops 7 bps to 2.93%
BTC funding rate is at 0.0114% (4.1709% annual) in Binance

DXY does not change to 104.10
Gold reached 1.3% to $ 3,126.50/oz
Silver reaches 0.95% at $ 34.97/oz
Nikkei 225 closed -4.05% to 35,617.56
Closed by Hang Seng -1.31% to 23,119.58
FTSE drops 0.92% to 8,579.15
Euro Stoxx 50 drops 1.22% to 5,266.50
DJIA closed on Friday -1.69% to 41,583.90
S&P 500 closed -1.97% to 55,80.94
NASDAQ closed -2.7% to 17,322.99
The S&P/TSX composite index is closed -1.6% out of 24,759.20
S&P 40 Latin America is closed -1.52% to 2,429.43
US 10-year Treasury Rate dropped 1 bps to 4.2%
E-Mini S&P 500 futures dropped 0.97% to 5,568.25
E-Mini Nasdaq-100 Futures dropped 1.39% to 19,187.50
E-Mini Dow Jones Industrial Average Index Futures dropped 0.63% to 41,588.00

Bitcoin Stats:

BTC Dominance: 62.36 (0.24%)
Ethereum in Bitcoin Ratio: 0.02196 (0.09%)
Hashrate (seven-day average move): 835 eh/s
HASHPRICE (spot): $ 45.7
Total Fees: 6.8 BTC / $ 589,342
CME FUTURES Open Interest: 142,520 BTC
Btc that is priced at gold: 26.3 oz
BTC vs Gold Market Cap: 7.45%

Technical analysis

XRP, one of the better performance of major altcoins, is again close to a critical support zone between $ 1.95 and $ 2.05.
This region continues to act as a powerful demand area, with consumers stepping several times over the past four months.
Increasing its importance, the zone is aligned with the 2021 all-time high and is now further supported by the daily 200 exponential transition of the average, which is gradually converting to this level.
Acceptance below this basic level is likely to result in a greater expansion on the downside, given the loss of a basic level that is reliable held as support for months.

Crypto equities

Strategy (MSTR): Closed Friday at $ 289.41 (-10.84%), down 3.49% to $ 279.38 in the pre-market
Coinbase Global (coin): closed at $ 173.93 (-7.77%), down 3.2% to $ 168.37
Galaxy Digital Holdings (GLXY): Closed to C $ 16.45 (-5.68%)
Mara Holdings (Mara): closed at $ 12.47 (-8.58%), down 3.69% to $ 12.01
Riot Platform (Riot): closed at $ 7.41 (-4.63%), down 2.97% to $ 7.19
Core Scientific (Corz): closed at $ 7.48 (+3.28%), down 3.74% to $ 7.20
CleansPark (CLSK): closed to $ 7.19 (-8.29%), down 3.62% to $ 6.93
Coinshares Valkyrie Bitcoin Miners ETF (WGMI): Closed to $ 13.13 (-6.48%), down 2.51% to $ 12.80
Semler Scientific (SMLR): closed at $ 36.86 (-0.16%), down 5.83% to $ 34.71
Exodo Movement (EXOD): Closed to $ 47.84 (-8.49%), unchanged pre-market