Crypto Daybook Americas: Bitcoin Losses Allure to Gold As Economic Concerns Rise

President Donald Trump’s “Reciprocal Tariffs” AnnounCement Earlier this month Drove the Economic Trade Policy Uncertain Index to a Record High and Sent Invistors Away From Risk ASK ASK (BTC) and Other Cryptocurrencies.

Federal Reserve Chairman Jerome Powell Fanned the Flames Late Wednesday, Saying The Central Bank Sees Unemployment Rising With the Economy Likely to Slow and Inflation Likely to Go Up as paid by the public. ”

His comments weighed Further on Risk Assets, Bringing The Nasdaq Down 1.17% And the S&P 500 Droping 2.24% Before The Closing Bell. Still, Bitcoin Is Up More 1% in the Last 24 Hours, While The Coindesk 20 (CD20) Index, WHICH CAPTures The Broader Market, Added 1.8%, Even Thought Thought Crypto is Seen More. Haven.

To Michael Brown, an Analyst at Pepperstone, Demand for “Assets Wich Provide Shelter from Political Incochearence and Trade Uncertainty” is Likely to Keep Growing

While Bitcoin OutperForMed The Stock Market-Up 1% in the Past MONTH COMPARE CONDAQ’s Near 8% Drop-Institutional Investors Are Pileing Into Gold, The Batlet-Tested Saf.

The precios Metal is up 11% over the Last Month and 27% this year to around $ 3.340 a tray. Bank of America’s Global Fund Manager Survey Survey Shows that 49% of Fund Managers See “Long Gold” as Wall Street’s MOST Crowded Trade, With 42% of Fund of Managers ForeCeting IT.

Ubs Analysts Wrote in a Note that “CASE FOR ADDING GOLD ALLOCIATIONS HAS BECOME moreinginginginginginging in this environment of escalating tariff uncertainty, weaker grow, Higher infold Away from US Assets & The US $, ”Investopedia Reported.

Gold Fund Flows Hit $ 80 Billion so Far this year, While Sosovalue Data Shows Spot Bitcoin Etfs Saw $ 5.25 Billion Net Inflows in January Ante. MONTH-TO-DATE, OVER $ 900 Million Left Tese Funds, After February and March Saw $ 3.56 Billion and $ 767 Billion of Net Outflows, Respectvely. Stay Alert!

What to Watch

• Crypto:
  • April 17: Eigenlayer (Eigen) Activates Slashing on Ethereum Mainnet, Enforcing Penalties for Operator Misconduct.
  • April 18: Pepcoin (PEP), A Layer-1, Proof-of-Work Blockchain, Undergoes Ists Second Halning, Reducing Block Rewards To 15.625 Pep Per Block.
  • April 20, 11 PM: BNB Chain (BNB) – OPBNB Mainnet HardFork.
  • April 21: Coinbase Derivatives Will List Xrp Futures PENDING APPROVAL By The US Commodity Futures Trading Commission (CFTC).
  • April 25, 1:00 PM: US Securities and Exchange Commission (SEC) Crypto Task Force Roundtable On “Key Considerations for Crypto Custody”.
• Macro
  • April 17, 8:30 AM: US Census Bureau Releases March New Residential Construction DATA.
    • Housing Starts Est. 1.42m Vs. Prev. 1.501m
    • Housing Starts Mom Prev. 11.2%
  • April 17, 8:30 AM: The US Department of Labor Releases Unemployment Insurance Data for the Week Ended April 12.
    • Initial Jobless Claims Est. 225k Vs. Prev. 223k
  • April 17, 7:30 PM: Japan’s Ministry of International Affairs & Communications Releases March Consumer Price Index (CPI) DATA.
    • Core Inflation Rate Yoy Est. 3.2% Vs. Prev. 3%
    • Inflation Rate Mom Prev. -0.1%
    • Inflation Rate Yoy Prev. 3.7%
• Earnings (Estimates Based On Factor Data)
  • April 22: Tesla (Tsla), Post-Market
  • April 30: Robinhood Markets (Hood), Post-Market

TKEN EVENTS

• Governance Votes & Calls
  • GMX Dao Is Discussing The Establishment of A GMX Reserve on Solana, Which Wound Involve Briding $ 500,000 in GMX to the Solana Network and Transfering the Funds to the GMX
  • Treasure Dao Is Discussing Handing Authority to the Core Contributor Team to Wind Down and Shutter Treasure Chain Infrastructure on Zksync and Manage The Primary Magic-How-Thyh. Crucial Financial Sity of the Protocol.
  • April 17, 11, 11: Starknet to Host A Governance Call to Discusses How to Improve Cairo and the “Overall Dev Experience.”
• Unlocks
  • April 18: Official Trump (Trump) to Unlock 20.25% of ITS Circulating Suppply Worth $ 314.23 Million.
  • April 18: Fasttoken (FTN) to Unlock 4.65% of ITS Circulating Suppply Worth $ 84.4 Million.
  • April 18: Official Melania Meme (Melania) to Unlock 6.73% of ITS Circulating Supple Worth $ 10.72 Million.
  • April 18: UXLINK (UXLINK) TO UNLOCK 11.09% of Its Circulating Suppply Worth $ 16.52 Million.
  • April 18: Immutable (IMX) to Unlock 1.37% of Its Circulating Supple Worth $ 10.03 Million.
  • April 22: Metars Genesis (MRS) to Unlock 11.87% of ITS Circulating Suppply Worth $ 126.7 Million.
• TKEN LAUNCHES
  • April 17: Vethor (Vtho) to be listed on bybit.
  • April 17: Babylon (Baby), AI Rig Complex (arc), and alchemist ai (alchi) to be listed on kraken.
  • April 22: Hyperlane to Airdrop It Hyper Tokens.

Conferences:

• Coindesk’s Consensus is Taking Place in Toronto on May 14-16. Use Code Daybook and SAVE 15% ON PASSES.
• Day 3 of 3: Nextech Week Tokyo
• April 22-24: Money20/20 Asia (Bangkok)
• April 23: Crypto Horizons 2025 (Dubai)
• April 23-24: Blockchain Forum 2025 (Moscow)
• April 24: Bitwise’s Investor Day for Bitcoin Standard Corporations (New York)
• April 26: Crypto Vision Conference 2025 (Manilla)
• April 26-27: Harvard Blockchain in Action Conference (Cambridge, Mass.)
• April 27: N Crypto Conference 2025 (Kyiv)
• April 27-30: Web Summit Rio 2025
• April 28-29: Blockchain Disrupt 2025 (Dubai)
• April 28-29: Staking Summit Dubai
• April 29: El Salvador Digital Assets Summit 2025 (San Salvador, El Salvador)
• April 29: IFGS 2025 (London)

Token TalkBy shaurya malwa

• Raydium’s Platform for Introducing Tokens, Launcleb, Went Live Late Wednesday.
• IT DIRECTLY COMPETES WITH PUMP.FUN, WHICH RECENTLY PIVOTED Away from Raydium and Started It Own Exchange, Pumpswap, Prompting Raydium to introduce a perceived.
• The Solana EcoSystem Sawa A Surge in Activity with Launchlab’s Debut, Creating Over 1.750 Tokens Shortly After Started Up. The Price of Raydium’s Ray Token Rose As Much As 10% in the Hours Afterwards.
• Launchlab’s Dynamic Joint Curve System Offers Linear, Expontial and Logarithmic Curaves – Three Types of Pricing Mechanisms that Influence How Token Values ​​Change Baser. FIXED-SLOPE PRICING MODELS USED IN MEMECOIN LAUNCH PLATFORMS.
• Integration with Major Solana Trading Apps Like Axiom, Bullx and JupiterExchange Enhances Launchlab’s Visability, Potentillally Driving Broader Accross The EcoSystem.

Derivatives Positioning

• Open Interest in Bitcoin Futures on the CME Reached 138,235 BTC, The Highest Level The MONTH, AS Traders Re-Ent-Ent-Ent-Basis Trade. The Annualized Basis on the Cme Has Climbed to 8%.
• With Just Over A Week Remaining Until The April Options Expiry on Deribit, The $ 100,000 Strike Remains the Most Dominant, Holding Over $ 315 Million in Nocial Open Interest.
• The Futures Perpetual Funding Rate Turned Negative Again on Wednesday During Fed Chair Powell’s Speech. Throughout the Week, Funding Rates Have Oscillaned Between Positive and Negative, Highlighting Continued Short-Term Uncertya Arundy Bitcoin’s Direction.

Market Movements:

• BTC IS UNCHANGED FROM 4 PM ET WEDNESDAY AT $ 84,312 (24hrs: +0.4%)
• ETH IS UP 1.26% AT $ 1,593.44 (24hrs: +0.91%)
• Coindesk 20 is uncanged at 2.459.45 (24hrs: +1.36%)
• Ether Cesr Composite Staking Rate Is Down 1bp BPS at 3%
• BTC FUNDING RATE IS AT 0.012% (4.3866% Annualized) on Binance

• DXY IS UP 0.11% AT 99.49
• GOLD IS UP 0.35% AT $ 3,338.30/OZ
• Silver is Down 1.49% AT $ 32.44/Oz
• Nikkei 225 Closed +1.35% AT 34,377.60
• Hang Seng Closed +1.61% AT 21,395.14
• FTSE IS DOWN 0.82% AT 8,207.47
• Euro Stoxx 50 is Down 0.56% AT 4.938.69
• DJIA CLOSED ON WEDNESDAY -1.73% AT 39,669.39
• S&P 500 CLOSED -2.24% AT 5.275.70
• NASDAQ CLOSED -3.07% AT 16,307.16
• S&P/Tsx Composite Index Closed -0.16% AT 24,106.80
• S&P 40 Latin America Closed +0.32% AT 2.345.32
• US 10-YEAR Treasury Rate is up 3 BPS at 4.31%
• E-mini S&P 500 Futures Are Up 0.9% AT 5.353.25
• E-mini NASDAQ-100 Futures Are Up 1.02% AT 18,573.25
• E-mini Dow Jones Industrial Average Index Futures Are Up 0.81% AT 40,175.00

Bitcoin Stats:

• BTC Dominance: 63.89 (-0.07%)
• Ethereum to Bitcoin Ratio: 0.01889 (0.64%)
• Hashrate (Seven-Day MOVING AVERAGE): 905 eh/s
• HashPrice (Spot): $ 43.9
• Total Fees: 5.78 BTC / $ 482,907
• CME FUTures Open Interest: 138,235 BTC
• BTC PRICED IN GOLD: 25.4 OZ
• BTC VS Gold Market Cap: 7.15%

Technical Analysis

• Bitcoin has bounced Cleanly Off the Golden Pocket Zone, with The 0.618 and 0.65 Fibonacci Levels at $ 74.995 and $ 73.213 Holding As Support.
• This Area Marked The First Real Retracement from The $ 109.396 High and Has Shown Strong Buyer Interest.
• The Bounnce Also Coincides with a Breakout from the Daily Downtrend that have been in place make february – A Key Shift in Structure Worth Noting.
• BTC is Now Sitting Just Below The Daily 50 and 200 Exponential MOVING AVERASES, WHICH HAVE BEGUN TO CONVERGE.
• TheSe Levels Often Act As Decision Points, and with The Price Pressing Right Up Against Them, The Next Move Should Offer Cleerr Direction. A Clean Break and Hold Above Wuld Give Bulls More Control, While a Reed Could See Prices Head Back Toward the Golden Pocket.
• The Weekly 50 EMA – Currently $ 78.071 – Is Also in Play and Adds to the Confluence Just Below. As Long as BTC Holds Above the Broken Trendline and Continutes to Defend this Cluster of Support, Short-Term Momentum Remains Constructive.

Crypto equities

• Strategy (Mstr): CLOSED ON WEDNESDAY AT $ 311.66 (+0.3%), Up 0.98% AT $ 314.70 In Pre-Market
• Coinbase Global (Coin): CLOSED AT $ 172.21 (-1.91%), Up 0.87% AT $ 173.70
• Galaxy Digital Holdings (GLXY): CLOSED AT C $ 15.58 (+0.84%)
• Mara Holdings (Mara): CLOSED AT $ 12.32 (-2.07%), Up 0.81% AT $ 12.42
• Riot Platforms (Riot): CLOSED AT $ 6.36 (-2.9%), Up 0.31% AT $ 6.38
• Core Scientific (Corz): CLOSED AT $ 6.59 (-3.8%), UP 1.67% AT $ 6.70
• Cleanspark (CLSK): CLOSED AT $ 7.28 (+0.0%), Up 0.27% AT $ 7.30
• Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 11.91 (-0.58%)
• Semler Scientific (SMLR): CLOSED AT $ 31 (-9.88%)
• Exodus Movement (Exod): Closed At $ 37.19 (-2.16%), UP 2.18% AT $ 38

ETF FlowsSPOT BTC ETFS:

• Daily Net Flow: -$ 171.1 Million
• Cumulative Net Flows: $ 35.36 Billion
• Total BTC Holdings ~ 1.10 Million

Spot ETH ETFS

• Daily Net Flow: -$ 12.1 Million
• Cumulative Net Flows: $ 2.26 Billion
• Total Eth Holdings ~ 3.30 Million

Source: Farside Investors

Overnight FlowsChart of the day

• YESTERDAY, The SOL/ETH RATIO SURGED TO A RECORD HIGH, CLOSING AT 0.0833 and Highlighting Sol’s Continued Strength Relative to Ether.
• Ether’s Weakness Also Showed in the ETH/BTC Ratio, whol slip to 0.0187, it Lowest Level Since Jan. 6, 2020.

While You Were Sleeping

• SOL JUMPS 6%, BITCOIN CLINGS TO $ 84K ON DAMPENED RATE CUT HOPES (Coindesk): Bitcoin Will Likely Stay Between $ 80,000 and $ 90,000 As Traders Await Carity Jeff mei.
• MELONI, European TRUMP WHISPERER, TO TRY HER HER HAND ON TARIFFS (The Wall Street Journal): Italy’s Prime Minister is Expectioned to Press Trump Today on the Eu-Fro-Foror. Tariffs on Industrial Goods if Both Sides Agree.
• Nvidia Chief Jensen Huang Flies Into Beijing for Talks (Financial Times): The Visit Follows a US Decision Require Requiring A License to Export Nvidia’s H20 Earnings Hit.
• China Stocks Face of $ 800 Billion Us Outflows, Goldman Says (Bloomberg): In A Full Financial Decoupling, US Investors Could Dump $ 800 Billion of Chinese Stocks of US Equities and $ 1.3 Trillion in Bonds.
• Bitcoin, The Haven Crypto Bulls Hoped for, Is More A Barometer of Risk: Godbole (Coindesk): Bitcoin, Rather than Behaving As a Digital Gold, Has Solidified AS a ASKY Participants who track it as a gauge of specialize
• Quantum Computing Group Offers 1 Btc to Whover Breaks Bitcoin’s CrypTophraphic Key (Coindesk) (ECC) USING SHOR’S ALGORITHM ON A QUANTUM Computer.

In the Ether