Bitcoin
Bitcoin over the past from March 28 to April 4, seven days sank by 2%. The first one according to the capitalization of cryptocurrency still cannot overcome the line of $ 90,000. At the same time, below $ 80,000 BTC is also not lowered.
Source: TradingView.com
The main news of the past week is American import duties for 211 countries. Tariffs should vary in the amount of 10% to 50%. For Chinese export, the duty will be as much as 54% – 34% will add to 20% of the current. Basic rates of 10% should become a reality from April 5, and mirror for all countries – from April 9. At first, the news caused a fairly restrained reaction on the cryptorrhny. Bitcoin on April 3, when it became known about duties,
grew up by 0.76 %. By
opinion The famous expert in the field of cryptoanalysts Michall Van de Poppe) is not surprising:
“Tariffs will not be as bad as the entire population of the Earth awaits. Uncertainty will subside. Gold will fall. Buy on gossip, sell on the news. Altcoins and bitcoin will grow. Sell on gossip, buy on the news. ”
Analytical platform Santiment
She shared Information, according to which the number of large players (whales), that is, those who hold from 1000 to 10,000 BTC, grew in the last five weeks. By the beginning of April, their number reached 1,993. This is the largest indicator since December 2024. Thus, we can conclude that large capital continues to believe in the growth of bitcoin in the distant future.
But in the spotal ETF on Bitcoin, the dynamics last week turned out to be negative. The outflow of funds from exchange funds amounted to almost $ 108 million. For the last five trading sessions, only once, on April 2, an influx of money was recorded. Then it amounted to $ 220.76 million.
Source: sosovalue.com
From the point of view of technical analysis, Bitcoin was stuck in the sidewall. This is evidenced by the decrease in the ADX indicator over 20. At the same time, the initiative belongs to sellers, since the price is located below a 50-day sliding average (indicated in blue). Support and resistance levels remain unchanged: $ 76,600 and $ 89 164, respectively.
Source: TradingView.com
Index
Fear and greed Compared to last week, it decreased by sixteen points. The current value is 28. This suggests that fear still prevails over greed in the moods of crypto -investors.
Ethereum
The fall of the air from March 28 to April 4 was larger than Bitcoin, and amounted to 5.76%. The second in capitalization of cryptocurrency continues to bargain near its minimum values over the past one and a half years – in the range from $ 1,750 to $ 1,850.
Source: TradingView.com
In the spotal ETF, the outflow of funds has been recorded for the third in a row for the third week. At a week, $ 52 million was withdrawn from exchange funds. It is a sixth week in a row when an outflow is observed. The last time a weekly flow of money in spotes ETF on the air was in February.
Source: sosovalue.com
In addition, others did not disappear
Problems Ethereum: low activity on the network, little money from commissions, the inflationary nature of the coin.
There are positive shifts for ETH. For example, in volume on decentralized exchanges (DEX), the ether reached the first place, ahead of Solana and BNB Chain (BSC). ETH took a leading position for this indicator for the first time since November 2024. In March, the asset
occupied Only the third line, inferior to both Solana and BSC.
And in the week it became known about the exact date of deployment in the main network of the Pectra update Ethereum. The long -awaited event will take place on May 7. The date was selected immediately after the update managed to implement Hoodi in the test network without hoodies. Pectra
will To include a number of innovations, the main of which will be an increase in the amount of ETH in staiking for one validator from 32 to 2 048, as well as the addition of smart contracts in wallets.
From the point of view of technical analysis, the ether remains in the descending trend. The price is still lower than a 50-day sliding average (marked in blue). In addition, volatility continues to fall. This is confirmed by a decrease in the ATR indicator. Support and resistance levels: $ 1,750 and $ 2,112, respectively.
Source: TradingView.com
SOLANA
SOLANA per week from March 28 to April 4 fell by 11.8 %immediately. This was a continuation of the bear trend, which was laid on January 19. As a result of the protracted correction, Solana flew out of the top 5 cryptocurrencies by capitalization.
Source: TradingView.com
Investors had several reasons for a negative attitude. Firstly, these are all the same “Trump’s tariffs”. Secondly, on April 4, tokens in the amount of over $ 200 million are unlocked from stakeing. This is the largest daily volume until 2028. Investors, understanding the high probability of market floods, SOL tokens,
decided To get rid of them in advance.
From positive aspects, one can note the approval of the SPOTE ETF SPOTO SOLANA from Fidelity by the US Securities and Exchange Commission (SEC). Trade of its shares (shares) is assumed on the CBOE BZX Exchange Stock Exchange. The next step of the regulator should be the approval of the spotal ETF on SOLANA. In addition to Fidelity,
Applications BitWise, Vaneck and Grayscale investment were submitted to such products.
From the point of view of technical analysis, everything speaks of the stay of SOLANA in a deep descending trend. The price is below the 50-day sliding average (indicated in blue). A certain hope gives the transition Stochastic In the zone of resellibility, it means that you can expect some rebound. True, it is worth remembering that with a bear trend, the oscillators to which this indicator belongs can remain there for a very long time. Now SOLANA is traded near the $ 112 support level. If you can’t stay above, then the sales will continue. The resistance level is a mark in the area of $ 130.5.
Source: TradingView.com
Conclusion
Trump’s trading war with the whole world has become the main catalyst to reduce cryptocurrencies this week. When the uncertainty becomes less, the new American import duties can theoretically play in the hands of crypto actures, since those less fiat currencies depend on the appearance or abolition of regulatory acts.
This material and information in it is not an individual or other other investment recommendation. The view of the editorial office may not coincide with the opinions of analytical portals and experts.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
