{"id":1517,"date":"2025-04-10T13:20:18","date_gmt":"2025-04-10T13:20:18","guid":{"rendered":"https:\/\/chinaitechpay.com\/blog\/?p=1517"},"modified":"2025-04-10T13:20:58","modified_gmt":"2025-04-10T13:20:58","slug":"weekly-crypto-market-wrap","status":"publish","type":"post","link":"https:\/\/chinaitechpay.com\/blog\/weekly-crypto-market-wrap\/","title":{"rendered":"Weekly Crypto Market Wrap."},"content":{"rendered":"<p class=\"p1\">The cryptocurrency market is experiencing significant volatility due to escalating global tensions that have spilled over from the stock markets. Donald Trump\u2019s recently implemented aggressive tariff policy has resulted in a substantial decline in business activity, while China\u2019s retaliatory measures have further intensified the pressure. Last week, U.S. equities experienced widespread losses in market capitalization, and in the past 24 hours alone, 345,739 traders were liquidated, with total cryptocurrency liquidations reaching $1.2 billion.<\/p>\n<p class=\"p1\">A glimmer of optimism emerges from the fact that Trump has temporarily ceased implementing unexpected policies. This development suggests that markets may soon begin to acclimate to this evolving geopolitical landscape. Let us delve into the unfolding chaos:<\/p>\n<ul>\n<li><strong>Trump Declares Economic Emergency, Reinstates Tariffs.<\/strong>\u00a0President Trump signed an\u00a0<a href=\"https:\/\/apnews.com\/article\/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933\" target=\"_blank\" rel=\"noopener\">executive order<\/a>\u00a0returning the U.S. to the 2018-era tariff regime \u2014 this time with extra muscle. Not only is China in the crosshairs, but so are the EU, Japan, Canada, and Switzerland. Officially, it\u2019s to \u201cprotect the national economy.\u201d In reality, it\u2019s aggressive protectionism at scale.<\/li>\n<li><strong>China Hits Back: 34% Tariffs on U.S. Imports from April 10.<\/strong>\u00a0Beijing\u00a0<a href=\"https:\/\/apnews.com\/article\/china-tariff-trade-trump-earths-02cd23e913649f32985f075058e787c4\" target=\"_blank\" rel=\"noopener\">responded quickly<\/a>. Starting April 10, China will impose a sweeping 34% tariff on U.S. goods, ranging from cars to agricultural products. The trade war has entered a hot phase, with crypto caught in the crossfire.<\/li>\n<\/ul>\n<ul>\n<li><strong>Fed Chair Powell: \u201cNo Rate Cuts Yet Due to Inflation Uncertainty\u201d.\u00a0<\/strong>The Federal Reserve is holding off on cutting interest rates as tariffs risk reigniting inflation. With inflation still the Fed\u2019s top concern, don\u2019t expect cheap capital anytime soon.<\/li>\n<li><strong>Tesla Reports -13% in Deliveries \u2014 Worst Quarter in 3 Years.<\/strong>\u00a0Tesla\u2019s sales plunged, citing logistics issues, declining demand, and macroeconomic turbulence. Elon Musk says he\u2019ll fix it\u2026 again. Markets aren\u2019t convinced.<\/li>\n<li><strong>China Restricts Investments in U.S. Companies.\u00a0<\/strong>As part of its retaliation, China is tightening outbound investments, limiting fund flows into U.S. firms. This could impact major U.S. tech players that have long relied on Eastern capital inflows.<\/li>\n<li><strong>Congress Advances Stablecoin Bill.\u00a0<\/strong>A major regulatory milestone: a new\u00a0<a href=\"https:\/\/dig.watch\/updates\/the-us-house-committee-passes-a-bill-to-strengthen-stablecoin-oversight\" target=\"_blank\" rel=\"noopener\">bill regulating stablecoin issuance<\/a>\u00a0passed a key House committee. Issuers will need to follow bank-like rules, which could legitimize the market \u2014 but also squeeze out smaller players.<\/li>\n<\/ul>\n<ul>\n<li><strong>Strategy Buys Another $1.92B in Bitcoin.\u00a0<\/strong>Michael Saylor\u2019s company is at it again \u2014 22,048\u00a0<a href=\"https:\/\/chinaitechpay.com\/\" target=\"_blank\" rel=\"noopener\">BTC<\/a>\u00a0acquired this week at a cost of $1.92 billion. Strategy now holds a mind-blowing 528,185 BTC, doubling down on its \u201cBitcoin as a core treasury asset\u201d strategy.<\/li>\n<li><strong>Justin Sun Tanked FDUSD by 12%.\u00a0<\/strong>In a controversial post, Justin Sun warned that First Digital Trust may be insolvent and urged users to exit\u00a0<a href=\"https:\/\/chinaitechpay.com\/\" target=\"_blank\" rel=\"noopener\">FDUSD<\/a>. The stablecoin plummeted 12% before recovering. Sun is now being accused of spreading FUD for personal gain.<\/li>\n<li><strong>Public Miners Lost $6B in March.\u00a0<\/strong>Fourteen of the top public mining firms saw massive losses last month due to rising hash rates and declining\u00a0<a href=\"https:\/\/chinaitechpay.com\/blog\/if-cryptocurrency-has-a-capital-this-could-be-it\/\" target=\"_blank\" rel=\"noopener\">BTC<\/a>\u00a0prices. March marked their worst performance on record.<\/li>\n<li><strong>Mastercard Testing Crypto Payments.<\/strong>\u00a0Mastercard is piloting crypto payments for everyday purchases using\u00a0<a href=\"https:\/\/chinaitechpay.com\/blog\/if-cryptocurrency-has-a-capital-this-could-be-it\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>\u00a0and other digital assets under its Crypto Credential program. When a TradFi titan like Mastercard moves, the rest of the market listens.<\/li>\n<li><strong>GameStop Raises $1.5B to Buy BTC.\u00a0<\/strong>Yes, that GameStop. The meme stock legend\u00a0<a href=\"https:\/\/crypto.news\/gamestop-completes-1-5b-sale-eyeing-bitcoin-acquisition\/\" target=\"_blank\" rel=\"noopener\">is back<\/a>\u00a0\u2014 this time with a corporate strategy to add\u00a0<a href=\"https:\/\/chinaitechpay.com\/\" target=\"_blank\" rel=\"noopener\">BTC<\/a>\u00a0to its balance sheet and explore a Web3 platform.<\/li>\n<li><strong>Tether Buys 8,888 BTC for $734M.<\/strong>\u00a0Tether continues diversifying its reserves with a symbolic purchase of 8,888 BTC \u2014 worth $734 million. In Chinese culture, 8 is a lucky number, often associated with wealth and prosperity. Message received.<\/li>\n<li><strong>Circle\u2019s IPO Coming in Late April.<\/strong>\u00a0Circle, the issuer of\u00a0<a href=\"https:\/\/chinaitechpay.com\/\" target=\"_blank\" rel=\"noopener\">USDC<\/a>, is preparing to\u00a0<a href=\"https:\/\/www.investopedia.com\/usdc-stable-coin-issuer-circle-files-for-us-ipo-amid-rocky-markets-11707436\" target=\"_blank\" rel=\"noopener\">go public<\/a>\u00a0by the end of the month. A successful IPO could mark a pivotal moment for crypto\u2019s entry into mainstream finance.<\/li>\n<li><strong>Upcoming major token unlocks:<\/strong><\/li>\n<\/ul>\n<ol>\n<li><a href=\"https:\/\/chinaitechpay.com\/exchange.php?currency_send=31&amp;currency_receive=32\" target=\"_blank\" rel=\"noopener\">CHEEL<\/a>: $160.67M<\/li>\n<li><a href=\"https:\/\/chinaitechpay.com\/rates.php\" target=\"_blank\" rel=\"noopener\">APT<\/a>: $47.39M (1.9%)<\/li>\n<li><a href=\"https:\/\/chinaitechpay.com\/rates.php\" target=\"_blank\" rel=\"noopener\">SAGA<\/a>: $31.42M (118.4%)<\/li>\n<li><a href=\"https:\/\/chinaitechpay.com\" target=\"_blank\" rel=\"noopener\">AXS<\/a>: $21.09M (5.6%)<\/li>\n<li><a href=\"https:\/\/chinaitechpay.com\/exchange.php?currency_send=31&amp;currency_receive=32\" target=\"_blank\" rel=\"noopener\">MOVE<\/a>: $15.10M (2.0%)<\/li>\n<li><a href=\"https:\/\/simpleswap.io\/coins\/tnsr?utm_source=blog&amp;utm_medium=article&amp;utm_campaign=weekly-crypto-market-wrap-march-31-april-6-2025\" target=\"_blank\" rel=\"noopener\">TNSR<\/a>: $13.68M (35.9%)<\/li>\n<\/ol>\n<p><strong>ChinaitechPay reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market is experiencing significant volatility due to escalating global tensions that have spilled over from the stock markets. Donald Trump\u2019s recently implemented aggressive tariff policy has resulted in a substantial decline in business activity, while China\u2019s retaliatory measures have further intensified the pressure. Last week, U.S. equities experienced widespread losses in market capitalization, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-1517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-finance"],"_links":{"self":[{"href":"https:\/\/chinaitechpay.com\/blog\/wp-json\/wp\/v2\/posts\/1517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chinaitechpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinaitechpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinaitechpay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chinaitechpay.com\/blog\/wp-json\/wp\/v2\/comments?post=1517"}],"version-history":[{"count":2,"href":"https:\/\/chinaitechpay.com\/blog\/wp-json\/wp\/v2\/posts\/1517\/revisions"}],"predecessor-version":[{"id":1522,"href":"https:\/\/chinaitechpay.com\/blog\/wp-json\/wp\/v2\/posts\/1517\/revisions\/1522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chinaitechpay.com\/blog\/wp-json\/wp\/v2\/media\/1520"}],"wp:attachment":[{"href":"https:\/\/chinaitechpay.com\/blog\/wp-json\/wp\/v2\/media?parent=1517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinaitechpay.com\/blog\/wp-json\/wp\/v2\/categories?post=1517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinaitechpay.com\/blog\/wp-json\/wp\/v2\/tags?post=1517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}