From April 10 to 13, the BTC spot price swung from $78,543 to $86,153.4, a 9.69% range. The price climb was mainly driven by the U.S. announcement of a 90-day tariff negotiation period with the EU and other countries, erasing market fears.
Over the past four days, officials from the Federal Reserve (Fed) and the European Central Bank (ECB) have the following remarks:
1) On April 10, the Fed meeting minutes showed that Fed policymakers generally believed the economy faces risks of rising inflation and slowing growth.
Kashkari stated that if the tariff suspension continues, the impact on inflation is expected to ease. The threshold for a rate cut remains very high.
Harker said they are prepared to intervene in the money market if needed.
Barkin noted that the stock market correction is not the reason consumers are cutting back on spending.
2) On April 11, Fed’s Williams stated that the economy faces extremely high uncertainty, with tariffs and trade being major contributing factors. He expects tariffs to push inflation to between 3.5% and 4% this year and is fully committed to bringing it back to 2%. Economic growth is projected to slow significantly to 1% this year.
Governor Bowman said the impact of tariffs is “still unclear”.
Musalem pointed out that data suggests long-term inflation expectations remain stable, and if they become unanchored, controlling inflation must be prioritized. Schmid emphasized that the U.S. dollar is king and should always be king, adding that there’s currently no currency capable of competing with the dollar.
Logan warned that tariff-related price increases must be prevented from leading to more persistent inflation.
Goolsbee reaffirmed that U.S. long-term bonds remain the safest assets globally, and the threshold for changing interest rate policy is currently very high.
3) On April 12, Fed’s Collins said the current tariff levels are very high and the main outlook is for a slowdown in economic growth, not a recession. Due to the impact of tariffs, inflation this year is expected to exceed 3%. She also stated that the Fed is expected to keep interest rates unchanged for a longer period and is “absolutely” prepared to help stabilize markets if needed.
Kashkari said the Fed has tools to provide more liquidity and that if inflation issues persist, it might take longer to reach a comfortable level for rate cuts. He added that no serious disruption has been seen yet and that the Fed should intervene only cautiously in truly urgent situations.
Musalem stressed that the Fed should be alert to persistent inflation driven by tariffs.
4) On April 10, ECB Governing Council member Villeroy de Galhau remarked that President Trump’s recent policies in the past few weeks have undermined confidence in the U.S. dollar. He added that the Trump administration’s protectionism and unpredictability are “negative factors” for the U.S. economy.
Fed officials’ statements focused on economic uncertainty, which overall does not support a rate cut in June. Meanwhile, ECB’s Villeroy expressed a bearish view on the U.S. dollar.
According to a report by BeInCrypto, cybercriminals are employing a new SMS phishing scam targeting Binance users. Dozens of users have reported receiving seemingly legitimate phishing messages sent from phone numbers and inboxes identical to those used for official Binance communications. Upon comparison, the wording and format of these messages are highly similar, suggesting that a specific threat actor or criminal group is orchestrating a well-crafted phishing campaign against Binance users. These targeted phishing messages typically warn recipients of suspicious account activity, such as newly added device two-factor authentication. A common scam message references an unexpected link between Binance API and Ledger Live, urging users to call a phone number provided in the message. Some users reported that the phishing texts appeared in the same SMS thread as legitimate Binance notifications, making it difficult to distinguish and increasing the risk of falling victim. Many were caught off guard as the sender ID matched that of Binance’s genuine messages.
Binance Chief Security Officer Jimmy Su confirmed a rise in SMS phishing incidents, stating: “An increasing number of phishing scammers are impersonating us or other legitimate senders via SMS. These scam messages appear authentic and are designed to trick users into revealing sensitive information, clicking malicious links, or transferring funds, leading to asset losses.” Su also revealed that Binance has extended its anti-phishing code feature to SMS services—a feature initially designed for email. The anti-phishing code is a user-customized identifier that appears in official Binance messages, helping recipients verify the authenticity of communications and avoid impersonation scams. This feature is now available in all licensed jurisdictions where Binance operates. Additionally, Binance noted that both registered and unregistered users have reported receiving suspicious messages.
Overall market cap and volume, source: https://coinmarketcap.com/charts/
Altcoin Season Index and Bitcoin Dominance: https://coinmarketcap.com/charts/
Crypto ETFs Net Flow: https://coinmarketcap.com/charts/
CoinMarketCap 100 Index: https://coinmarketcap.com/charts/cmc100/
(Used to measure the overall performance of the top 100 cryptocurrency projects by market capitalization on CoinMarketCap)
Fear & Greed Index, source: https://coinmarketcap.com/charts/
Over the past four days, the total cryptocurrency market capitalization and trading volume have continued to rise, indicating increased market activity. The altcoin season index has also started to recover.
Despite ongoing outflows from ETFs, the prices of major cryptocurrencies and large-cap altcoins in the spot market have entered a phase of narrow-range fluctuations. The current Fear and Greed Index stands at 29, showing signs of moving away from the recent bottom in the fear zone.
Source: CoinAnk
The 7-day cumulative funding rates for BTC and ETH on the top 8 exchanges are 1.0575% and 1.073%, respectively, indicating strong bullish sentiment across the market as of April 14. The bull market remains intact.
Exchange BTC Contract Open Interest:
Source: CoinAnk
Exchange ETH Contract Open Interest:
Source: CoinAnk
Over the past seven days, BTC contract open interest has slightly increased, while ETH contract open interest has dropped a little, indicating that market participants with higher risk appetite are mainly increasing their positions in large-cap mainstream coins, reflecting a strong preference for stability.
Macroeconomy
1) On April 10, Trump announced a 90-day suspension of reciprocal tariff policies for most economies to allow for negotiations. The White House stated that a 10% global tariff would still be imposed during the negotiation period. 2) On April 10, Trump raised tariffs on China to 125%. On the same day, China raised its retaliatory tariffs on the U.S. from 34% to 84%.
3) On April 11, the EU approved a 25% retaliatory tariff on the U.S.; European Commission President Ursula von der Leyen stated that the EU has agreed to suspend its retaliatory measures, originally set to begin on April 15, for 90 days. Preparations for further countermeasures are still ongoing, and all options remain on the table. 4) On April 11, U.S. CPI for March rose 2.4% year-over-year, below market expectations. The U.S. March PPI fell by 0.4% month-over-month, the largest decline since October 2023. 5) On April 12, the UK’s GDP for the three months to February recorded a 0.6% increase, the highest since May 2024. Bank of England Deputy Governor Broadbent warned that a weakening pound poses inflationary risks. So far, the pound has not weakened due to tariffs, but this could change. 6) On April 13, it was announced that China’s Q1 GDP year-over-year will be released next Wednesday, and the Eurozone’s ECB deposit facility rate and main refinancing rate will be released next Thursday. U.S. Fed Chair Jerome Powell is also scheduled to speak.
Cryptocurrency Industry Updates:
1) On April 10, Pakistan announced plans to use part of its surplus electricity for Bitcoin mining and appointed Binance co-founder CZ Zhao Changpeng as a strategic advisor on cryptocurrency. 2) On April 10, cybersecurity firms reported a new type of crypto scam malware called ClipBanke emerging on the SourceForge platform. 3) On April 10, FTX creditors were informed that they must complete KYC verification by the new deadline of June 1, 2025. 4) On April 11, Dragonfly partner Haseeb stated that Bitcoin possesses attributes of both gold and the Nasdaq. 5) On April 11, Grayscale noted that tariffs and trade tensions could have a positive impact on the mid-term adoption of Bitcoin. 6) On April 11, Spanish police dismantled a crypto investment scam that used AI to defraud $21.5 million. 7) On April 12, the mayor of Vancouver, Canada, said the city is evaluating converting part of its financial reserves into Bitcoin. 8) On April 12, the CEO of BlackRock stated that economic slowdown could become a key catalyst for Bitcoin and other digital assets. 9) On April 12, an NFT trader may face imprisonment for failing to report $13 million in CryptoPunk profits during tax filings. 10) On April 13, according to The Straits Times , more than half of cryptocurrency holders in Singapore have used digital assets for daily transactions, primarily for online shopping, bill payments, and in-store purchases. 11) On April 13, the following tokens are scheduled to unlock next week, each with a value exceeding $5.5 million: TRUMP, FTN, CONX, QAI, ZKJ, ARB, DBR, STRK, OMNI, MELANIA, IMX, SEI, APE, and XCN. 12) On April 13, in the ongoing Hong Kong JPEX case, police received 2,636 reports, with a quarter of the complainants stating they no longer wish to pursue the matter.
Regulation & Crypto Policy:
1) On April 10, a U.S. House hearing pushed forward progress on crypto market regulation, with the Financial Services Committee passing the “CBDC Anti-Surveillance State Act”. The South African Revenue Service stated that participants in crypto asset trading must register or risk being considered in violation of the law. 2) On April 10, the Arizona House Committee of the Whole passed a Bitcoin reserve bill. The U.S. CFTC clarified it would stop using lawsuits as a method to regulate the crypto asset industry. 3) On April 10, the U.S. SEC approved options trading for spot Ethereum ETFs and officially accepted Fidelity’s application to list a Solana ETF. 21Shares also submitted a spot Dogecoin ETF application in the U.S. 4) On April 11, Ukraine proposed an 18% income tax on virtual assets. 5) On April 11, the acting chair of the U.S. FDIC stated that the agency expects to issue more guidance to help banks participate in digital asset activities. 6) On April 11, the U.S. Department of Justice announced it would prioritize cracking down on illegal activities involving crypto, particularly the use of privacy tools. It clarified that developers of mixers or wallets are not responsible for users’ criminal actions. 7) On April 12, CBOE submitted a Form 19b-4 for the Canary SUI ETF. The first XRP ETF in the U.S. is also set to launch soon, trading under the ticker XXRP. 8) On April 12, the governor of the Central Bank of Russia recommended banning crypto for domestic settlements. Russia may also allow seized BTC to be converted into state revenue. 9) On April 12, Trump signed a bill repealing the Biden-era crypto tax rules. The New Hampshire House of Representatives passed a Bitcoin reserve bill. 10) On April 13, the U.S. SEC issued new guidelines on securities issuance and disclosure requirements for the crypto asset market. The SEC also approved options trading for spot Ethereum ETFs, involving products from BlackRock, Bitwise, and Grayscale. 11) On April 13, South Korea’s financial authorities delayed the implementation of the Credit Information Act for virtual asset companies until December 2025. 12) On April 13, the Executive Director of the U.S. White House’s Presidential Digital Asset Working Group stated that Bitcoin should be stockpiled before it becomes more expensive.
Other News:
1) On April 10, OpenAI officially sued Elon Musk, accusing him of deliberately sabotaging the company’s operations through media attacks, inciting followers, and a false acquisition attempt. 2) On April 10, U.S. President Trump said: “Now is a great time to buy.” 3) On April 12, Trump stated: “This week’s dollar depreciation doesn’t matter — the dollar will rise and become stronger than ever. Many believe the bond market influenced my decision to pause tariffs, but that’s not true.” 4) On April 13, domestic gold jewelry prices in China rose along with international gold prices, with Chow Sang Sang’s pure gold jewelry surpassing ¥1,000 RMB per gram.
Source: BTCUSDT | FameEX
From April 14 to April 20, the medium-term trading strategy will still be applied: for the BTC spot, maintain the sell order at $169,400 and the buy orders at $73,970, $59,935, and $45,900, respectively. It is recommended to place a sell order for ETH spot at $5,125 and set buy orders for bottom-fishing at $1,240.
Risk Reminder: The cryptocurrency market is highly volatile, and investors are advised to control their positions and implement stop-loss strategies. The above content is for reference only and does not constitute specific investment advice from this exchange.
Disclaimer: FameEX makes no representations on the accuracy or suitability of any official statements made by the exchange regarding the data in this area or any related financial advice.
