We have entered the week when employment data will be published, and the deadline given by Trump to Iran will expire on Sunday. Weakness has increased in Bitcoin since Friday as we will see increased news flow-related activity throughout the week. So what is the latest situation in cryptocurrencies?
Cryptocurrencies and markets
As global recession concerns flare up again, the risk of interest rate hikes becomes more evident. Brent oil It reached $115 per barrel. The euro is heading for its worst quarter since 2024 as war in the Middle East highlights Europe’s dependence on energy imports and shakes the region’s economic outlook.
to Iran We saw Iran sending missiles to the Persian Gulf in the past hours, as the attacks against them continued despite the April 6 deadline. While hopes for a peace agreement in the near future were undermined by mutual missile attacks, Trump recently said “it’s very close.”
of japan The top monetary policy official has issued his harshest warning yet to speculators that authorities could take bold action in markets if current conditions persist. Seeing the carry trade discussions reignite on top of all this chaos would be the worst-case scenario for cryptocurrencies.
We saw $370 million in liquidations in the last 24 hours, $241 million of which was long positions. CHZ Coin was the only altcoin among the top 100 cryptocurrencies to post double-digit gains, rising 11%. ETH struggles to maintain $2,000 as XRP Coin sales slow down.
Important developments
Although today is not an active day in terms of data flow, we will see 2 important speeches. Fed Chairman Powell will participate in a moderated discussion at Harvard University’s Principles of Economics class. At 23:00, Williams from the NY Fed will speak at the Staten Island Economic Development Corporation. What the Fed’s No. 1 and No. 2 say today will be followed closely. Other developments of the day are as follows:
- EthCC
- SwissBorg Voting
- Render Voting (The proposal aims to integrate Salad’s decentralized network of 60,000 GPUs as a private subnet into the Render Network.)
Important reports such as JOLTS will be announced tomorrow, and today Iran is expected to respond to Trump’s “deal is close” statements. These two details may push investors to be cautious throughout the day. We will see whether the appetite in the ETF channel returns after the daily candle close, but the outflows on Thursday and Friday (both outflows increased and there has been no positive development since then) make us think that the ETF side may remain sellers for a while.
