FameEX Morning Crypto News Recap | April 7, 2025
2025-04-07 08:01:41Spot Gold Drops 2% as Nasdaq 100 Futures Slide 4.6%
On April 7, spot gold dropped 2% to $2977.76 per ounce. U.S. stock index futures also declined sharply, with Nasdaq 100 futures down 4.6%, S&P 500 futures down 3.8%, and Dow futures down 3.4%.
President Trump Refuses to Back Down on Tariff Issue
On April 6, U.S. Treasury Secretary Besant said there were no indications by Sunday morning that President Trump was willing to make any concessions regarding the new tariff issue.
U.S. Set to Announce Crucial CPI and PPI Figures This Week
Important U.S. Macroeconomic Data Releases This Week:
April 9: U.S. equivalent tariffs officially take effect.
April 10: 2:00 AM GMT+8: Federal Reserve releases the minutes from its March monetary policy meeting. 8:30 PM GMT+8: U.S. March unadjusted CPI annual rate.
April 11: 8:30 PM GMT+8: U.S. March PPI annual rate.
Spot Bitcoin ETFs Saw $175M Net Outflows Last Week Amid $13B Trading Volume
On April 6, Trader T reported a $175 million net outflow from spot Bitcoin ETFs this week, with $13 billion in trading volume. Despite a declining stock market, Bitcoin demand stayed strong. BlackRock saw $45.66 million in outflows, while Grayscale experienced a $61 million net outflow.
U.S. SEC Announces Roundtable on Cryptocurrency Regulation
The U.S. SEC will hold its second cryptocurrency regulation roundtable on April 12, from 1 AM to 5 AM Eastern Eight Time, focusing on "Tailored Regulation for Cryptocurrency Trading."
Support for Trump’s Economic Policies Slips Among Wall Street Executives
Forbes surveyed 50 top Wall Street leaders to assess support for President Trump’s economic policies. The results revealed that 72% consider his plans ineffective, and 66% do not support them. Over a third of previous supporters have withdrawn their backing, while 54% believe he failed in execution. Overall, Trump’s policies received low ratings: tariffs (1.86), stock market (1.96), executive orders (2.10), cryptocurrency (2.0), and inflation (2.16) out of 5.
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