This Week’s highlights:
- Trump’s trade war crashing the market.
- Extreme Fear in the market.
- FARTCOIN leading recovery.
- HyperEVM airdrop guide
Donald Trump Crashes the Crypto Market
Since the start of April, Donald Trump has been shouting everywhere about tariffs. He’s been threatening, negotiating, and telling everyone about how the US will impose tariffs on everyone. A lot of people were undecided on this, as many still believe Trump won’t actually implement them.
However, everything unraveled on 2nd April as Trump revealed scathing tariffs on many countries. Notably, China gets a 36% tariff bump while Thailand and Cambodia get a significant 46% and 49% rise, respectively.
This decision nukes the market and sends BTC down to $82.5k. However, China and the US continue to engage in a tariff war, which creates panic in the market. With the stock market crashing all over the world, BTC eventually went down to as low as $74.2k on April 7th.
Additionally, many altcoins were decimated in this period. Bitcoin dominance wicked to 64%, and charts like OTHERS/BTC, SOL/BTC, and ETH/BTC show relative weakness of altcoins against BTC.
Periods of peak uncertainty often present the highest opportunity. As an investor and trader, it is your job to find these in the market.
Market Update
Winners and Losers in the past week:
Crypto Fear and Greed Index is in the low 20s, reaching extreme fear.
Bitcoin dominance continues its upward grind while OTHERS/BTC keeps breaking down. However, there is a chance for OTHERS/BTC to form a double bottom and finally make a higher low.
Crypto Alpha, News, and Analysis
1. ETH is dead?
Stacy Muur argues that Ethereum is facing stagnation with dwindling active addresses.
Several ETH holders (such as Nightowlcapital below) finally capitulated and publicly sold their ETH stack. ETH has been consistently underperforming the market in the past few months.
2. FARTCOIN is the chosen one
FARTCOIN has been the talk of the community after rising 360% in the past month. This is one of the few altcoins within the memecoin/AI agent sector that recovers after a significant drawdown.
3. Crypto Net Flow
Despite price tanking, Ethereum still has the highest net flow of money in the past 7 days. Sonic maintains a high net flow, and Solana is still in the green. With BERA suffering a 67% drawdown in the last 2 weeks, the Berachain ecosystem has the highest negative flow.
4. Stablecoin Yield Alpha
@justz_eth shares a complete guide to yield-bearing stablecoins on various protocols.
5. HyperEVM Airdrop Guide
@MingoAirdrop shares his complete HyperEVM airdrop strategy. He also highlighted farming Felix Protocol by depositing HYPE and borrowing feUSD.
What to Do Next?
The market is in full chaos mode after Donald Trump’s tariff policy. While initially responding well and showing strength, Bitcoin finally caught up to the weakness in the market.
Most altcoins have been decimated far before the tariff news. In fact, some are already in full-on recovery mode while BTC consolidates around $80k. Tokens such as FARTCOIN have been one of the quickest to recover after suffering 3 months of painful downtrend.
Investors who bought the low in altcoins are currently in profit. However, uncertain macro conditions may induce extreme volatility in the short-term while also presents opportunity for some assets.