Crypto Market Weekly Report: BTC Fluctuates, ETH Weakness Continues

This week, the crypto market has shown a fluctuating trend. The price of BTC has been fluctuating within the range of $82,000 to $86,000, and this trend may continue in the short term. In terms of BTC ETF capital flows, there was a slight outflow of $13 million this week, but overall, the net inflow trend since February this year has not changed significantly. Market sentiment remains in a state of panic, with the greed and fear index hovering around 30.

The performance of the Ethereum market continues to be weak. ETH ETFs have shown a net outflow for nine consecutive weeks, with this week's outflow amounting to $32.3 million. The ETH/BTC exchange rate has fallen below 0.019, nearing historical lows. The market share of Ethereum has dropped to 7.1%, setting a new low in nearly five years. Currently, there are no significant breakthroughs expected in the fundamentals of Ethereum projects in the short term, and market confidence has plummeted.

In terms of popular cryptocurrencies, FARTCOIN, MUSKIT, VOXEL, COMBP, and LBR have performed remarkably. Among them, MUSKIT saw a staggering increase of 247.53% this week, followed closely by VOXEL with a rise of 234.94%, reaching a peak price of 0.1423USDT. LBR also showed impressive performance, with an increase of 166.46%.

The US stock market showed an overall downward trend last week. The S&P 500 index fell by 1.5%, the Dow Jones index dropped by 2.7%, and the Nasdaq index decreased by 2.6%. The market was highly volatile, mainly influenced by changes in tariff policies and corporate earnings reports. The tariff exemptions brought a brief rebound, but concerns over US-China trade frictions and chip export restrictions weighed on the performance of technology stocks. UnitedHealth Group's earnings report fell short of expectations, leading to a decline in the Dow Jones index, while the strong earnings report from Taiwan Semiconductor Manufacturing Company provided some support for the Nasdaq index.

Recent important event announcements: The Federal Reserve will release the Beige Book on economic conditions at 2 AM Beijing time on April 24; the U.S. Securities and Exchange Commission (SEC) plans to hold the third crypto policy roundtable on April 25, focusing on custody-related issues.

In terms of project dynamics, Balance announced the EPT token economic model, and its token generation event (TGE) will start on April 21. The cross-chain interoperability protocol Hyperlane announced that it will conduct an HYPER token airdrop on April 22, with 57% of the total supply allocated to community users. The lending protocol Dolomite's DOLO token TGE is scheduled to officially start on April 24, when users can begin to claim DOLO tokens, of which 20% will be distributed as an airdrop to platform users. In addition, the public sale of the official .sonic domain by Sonic Labs is also expected to begin this week, though the exact timing has not yet been determined.