Crypto Daybook Americas: Xrp, Sol Lead Drop As Bitcoin, Equities Slide in Tariff-Fueled Wipeout

Fear is Gripping Financial Markets, Trigger Largely by President Donald Trump’s Tariff’s Tariff AnnounCements, with Hong Kong Stocks Plunging 14% on Monday, The MOST SINCE ASIAN and Japanese Stocks sliding 10%.

European Equities Didn’t Fare Much Better. The FTSE 100, DAX AND CAC 40 Are Each Down More than 5%.

Nor Were Crypto Markets Immune. Bitcoin (BTC) Fell 10% Over 24 Hours, Dipping Below $ 75,000, and Ether (ETH) PLUNGED 22%. XRP and SOL ALSO NOSEDIVed More than 20%, While Doge is Down More than 15%. Bitcoin Dominance Continues to Rise, Hitting 63%, A Level Not Seen Since Early 2021. The Coindesk 20 Index, A Measure of the Broader Market, Has Lost Almost 12% in the Past.

As for US Equities, The S&P 500 Is Set to Start the Week Already in Bear Market Territory-Down 20% from from Its All-Time High and 5% Lower in Pre-Market-and on Coula. Performance in Itstory.

China, Whose Stocks Fell 7%, Is Reportedly Considering Front-Loading Stimulus Measures to Soften the Blow. On Friday, It Announced A Reciprocal 34% Tariff On All Us Goods.

“We have Massive Financial Deficits with China, The European Union, and Many ofers,“ Trump Wrote on Truth Social Over the Weekend. “The Only Way this Problem Can Be Cured Is With Tariffs, WHICH Are Now Bringing Tens of Billions of Dollars Into the Usy Are Already in [the deficit]and reverse it quickly. Someday People Will Realize that Tariffs, for the United States of America, are a very beautify Thing! ”

So, whore canstors seek refuge? For Now, It Sems to Be Us Bonds. The 10-Year Note is up 8% year-to-date, While the ishares 20+ Year Treasury Bond etf (Tlt), WHICH TRACKS The LONG END OF THE YELD CURVE, IS Up 6% as investors. Lower. This drop in yields is a Welcome Sign for the US Administration.

Seasoned Investor Bill Ackman Noted that Secretary of Commerce Howard Lutnick Doesn’s to head, are long bonds. Ackman suggested on x that could be positiored to profit from a down.

What’s Next? Watch for Countries Scrambleing to Avoid the Tariffs. Some, Like Argentina, Taiwan and India, Are Already Showing Sigins of Conceding and Removing Tariffs on Us Imports. The uncertain surroonding these negotias Will Likely Keep Markets volatile as the volatility S&P 500 Index (VIX) Hits 60 in Pre-Market Trading. That’s the Highest Level Since August 2024. These are definitely Times to Stay Alert!

What to Watch

• Crypto:
  • April 7, 8:30 PM: Syscoin (SYS) Activates the Nexus Upgrade on Its Mainnet at Block 2,010,345.
  • April 9: The Mercury Network Upgrade Gets Applied To The Neutron (Ntrn) Mainnet, Migrating IT “from Cosmos Hub’s Interchain Security to A Fully Sovereign Poss Network.”
  • April 9, 10 AM: US House Financial Services Committe Hearing About How US Securities Laws Could Be Updated To Take Into Account Digital Assets. LIVESTREAM LINK.
  • April 10, 10:30 AM: Status Conference for Former Terraform Labs Ceo Do Hyeong Kwon at the Us District Court for the Southern District of New York.
  • April 11, 1 PM: US Sec Crypto Task Force Roundtable On “Tailoring Regulation for Crypto Trading” In Washington.
• Macro
  • April 9, 12:01 AM: The Trump Administration’s Higher Individualized Tariffs on Imports from Top US Trade Deficit Countries Take Effect.
  • April 9, 12:01 PM: China’s 34% Retaliatoria Tariffs on Us Imports Take Effect.
  • April 14: Salvadoran President Nayib Bukele Will Join US President Donald Trump at the White House for and Official Working Visit.
• Earnings (Estimates Based On Factor Data)
  • No earnings screduled.

TKEN EVENTS

• Governance Votes & Calls
  • Sky Dao is voteing on an Executive Proposal That Includes A NUUBER OF INITIATIVES INCLUDING INITIALIZING ALLOCATOR-BLOOM-A 0% STAPCY FEE FEE AND A 10 MILLION BURING BURING BURING Parameter and Extending Sparklend’s Liquidity Operations. Voting Ends May 3.
  • Uniswap Dao Is Discussing A Proposal to Support V4 ExpanSion with The Creation of Subdomines to Track Bsl License Exampitions and Official Deployments, Granting The Unisap Target Chains.
  • April 7, 9 am: Origintrail to host a “shaping ai for good” Zoom Talk.
  • April 7, 11:30 AM: Jupiter’s Team to Discuss Dao Processes, Working Groups, ITS LFG V2, and More.
  • April 7, 4 PM: Livepeer to host a montholy community call focused on governance, FUNDING, AND the Strategic Direction of ITS on-Chain Treasury.
  • April 10, 10 Am: Header to Host A Community Call Discussing The HBR Foundation Joining ERC3643, The Non-Profit’s Standards, and The Header Asset Tokenization Studio.
• Unlocks
  • April 8: Tensor (TNSR) to Unlock 35.96% of Its Circulating Supple Worth $ 13.98 Million.
  • April 9: Movement (Move) to Unlock 2.04% Of ITS Circulating Supple Worth $ 15.13 Million.
  • April 12: Aptos (Apt) to Unlock 1.87% of It Circulating Supple Worth $ 47.5 Million.
  • April 12: Axie Infinity (AXS) to Unlock 5.68% Of ITS Circulating Suppply Worth $ 21.27 Million.
  • April 15: Starknet (Strk) to Unlock 4.37% of ITS Circulating Supple Worth $ 15.12 Million.
  • April 16: arbitrum (arb) to unlock 2.01% of it Circulating Supple Worth $ 24.49 Million.
• Token Listings
  • April 9: IOST AIRDROP CLAIMS PORTAL FOR A ROUGHLY 1.7 Billion Iost Token Airdrop to Open.
  • April 10: Ren (Ren), Konpay (Kon), and Symbol (Xym) to Be Delisted from Bybit.
  • 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.
  April 7: Liquidity 2025 Institutional Digital Asset Summit (Hong Kong)
• April 7: Vc Founders Summit (Paris)
• April 8: Seine & Crypto Connect (Paris)
• April 8-9: Digital Accord Summit 2025 (Paris)
• April 8-10: Paris Blockchain Week
• April 9: Blockchain & Finance – Evolution or Revolution? (Paris)
• April 9: Fintech and Banking Unconference Colombia 2025 (Bogota)
• April 9-10: Fibe Fintech Festival Berlin 2025
• April 9-10: Mexico Finance & Fintech Summit 2025 (Mexico City)
• April 9-10: Middle East Resilient Banking and Payments Symposium 2025 (Abu Dhabi)
• April 10: Bitcoin Educators Unconference (Nashville)
• April 10: Finxtex Malaysia 2025 (Kuala Lumpur)
• April 10: Institutional Crypto Conference (New York)
• April 10: Shefi Sumit 2025 (Seoul)
• April 10-11: Bite-Con 2025 Conference (Miami)
• April 10-11: 2025 Fintech and Financial Institutions Research Conference (Philadelphia)
• April 11-12: Strategy’s OpNext Conference (Tysons, VA.)
• April 12: Ethereum Argentina (Córdoba)
• April 12-13: Desci London 2025

Token TalkBy shaurya malwa

• Ultimate Fighting Championship (UFC) Celebrity Conor McGregor’s Crypto Token, Tied to Real World Gaming Dao (RWG), Flopel in Its 28-HORDSLE, RAISING ONLY $ 392 Goal, Leading to Full Refunds of All USDC Bids FROM 668 INVESTORS.
• Rwg blamed “Challenging Macroeconomic Conditions” and the “DISTRACTING MEME Narrative” For The Failure, Passion the Launch to Recalibrate, With Refunds Processed Via Ethereum by 3:53 PM on Sunday.

• Despite The Setback, Rwg Touted ITSS of Axis Finance’s Sealed-Bid Auction as a Transparent and Fair Mechanism, Thought IT Couldn’t Set a Clearing Price for The Real Token.
• McGregor Had Pitched The Token As A “Game Changer

Derivatives Positioning

• Total Bitcoin Futures Liquidations Hit $ 58.8m in the Past 24 Hours, with Longs Accounting for Nearly 75% of the Tally. The Figures Show The Positioning Was Bullish Heading Into The Week, But Not Out of the Ordinary.
• Open Interest in Ether Futures is Holding Near the Recent Recent High of 2.24 Million Eth While Prices Are Falling as Traders Short in A Slumping Market.
• ETH, XRP, BNB, SOL, TRX, DOGE AND ADA Are Seeing Negative Perpetual Funding Rates, Representing A Bias for Bearish Short Positions.
• In Deribit’s Options Market, Traders Chased Short-Duration BTC Puts at Strikes Ranging from $ 78k to $ 70k. Both BTC and Eth Options Showed Pricier Puts Out to the June Expiry.

Market Movements

• BTC IS DOWN 8.12% FROM 4 PM ET FRIDAY AT $ 77,310.66 (24hrs: -6.59%)
• ETH IS DOWN 16.7% AT $ 1,514.40 (24hrs: -15.4%)
• Coindesk 20 is Down 13.63% AT 2.169.30 (24hrs: -11.83%)
• Ether Cesr Composite Staking Rate Is Down 10 BPS at 2.92%
• BTC FUNDING RATE IS AT 0.0059% (2.1374% Annualized) on Binance

• DXY IS DOWN 0.11% AT 102.91
• GOLD IS UP 0.85% AT $ 3,037.6/OZ
• Silver is up 2.85% AT $ 29.95/Oz
• Nikkei 225 CLOSED -7.83% AT 31,136.58
• Hang Seng Closed -13.22% AT 19,828.30
• FTSE IS DOWN 4.7% AT 7,676.63
• Euro Stoxx 50 is Down 6.32% AT 4,570.18
• DJIA CLOSED ON Friday -3.98% AT 38,314.86
• S&P 500 CLOSED -5.97% AT 5,074.08
• NASDAQ CLOSED -5.82% AT 15,587.79
• S&P/Tsx Composite Index Closed -4.69% AT 23,193.50
• S&P 40 Latin American Closed -6.47% AT 2,294.60
• US 10-YEAR Treasury Rate is Down 3 BPS at 4%
• E-mini S&P 500 Futures Are Down 3.98% AT 4.906.75
• E-mini NASDAQ-100 Futures Are Down 4.3 %% AT 16,785.50
• E-mini Dow Jones Industrial Average Index Futures Are Down 3.82% AT 37,057.00

Bitcoin Stats:

• BTC Dominance: 63.60 (0.45%)
• Ethereum to Bitcoin Ratio: 0.01957 (-2.93%)
• Hashrate (Seven-Day Moving AVERAGE): 897 eh/s
• HashPrice (Spot): $ 42.40
• Total Fees: 4.31btc / $ 354,774
• CME FUTures Open Interest: 137,695 BTC
• BTC PRICED IN GOLD: 25.1 OZ
• BTC VS Gold Market Cap: 7.12%

Technical AnalysisXrp’s Daily Chart. (TradingView, Coindesk)

• XRP HAS DIVED BLOW The Horizontal Support Line at $ 1.95, Confirming A Head-and-Shoulders Bearish Reversal Pattern.
• The Breakdown Could Bring a Notable Downtrend to $ 1.07.

Crypto equities

• Strategy (Mstr): Closed on Friday at $ 293.61 (+4.01%), Down 8.56% AT $ 268.48 in Pre-Market
• Coinbase Global (Coin): CLOSED AT $ 160.55 (-5.98%), Down 7.91% AT $ 147.85
• Galaxy Digital Holdings (GLXY): CLOSED AT C $ 13.53 (-10.28%)
• MARA HOLDINGS (MARA): CLOSED AT $ 11.30 (+0.62%), Down 9.65% AT $ 10.21
• Riot Platforms (RIOT): CLOSED AT $ 7.14 (-2.19%), Down 6.02% AT $ 6.71
• Core Scientific (Corz): CLOSED AT $ 7.18 (+0.42%), Down 6.82% AT $ 6.69
• Cleanspark (CLSK): CLOSED AT $ 7.32 (-1.21%), Down 8.61% AT $ 6.69
• Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 12.32 (-3.37%), Down 7.95% AT $ 11.34
• Semler Scientific (SMLR): CLOSED AT $ 33.85 (-0.62%), Down 12.85% AT $ 29.50
• Exodus Movement (Exod): CLOSED AT $ 44.63 (+4.69%)

ETF FlowsSPOT BTC ETFS:

• Daily Net Flow: -$ 64.9 Million
• Cumulative Net Flows: $ 36.16 Billion
• Total BTC Holdings ~ 1.12 Million.

Spot eth etfs

• Daily Net Flow: $ 2.1 Million
• Cumulative Net Flows: $ 2.37 Billion
• Total Eth Holdings ~ 3.38 Million.

Source: Farside Investors

Overnight FlowsChart of the dayAave Flash Loan Activity. (@Kartod’s Aave Tracker on Dune)

• The Number of USers Drawing Flash Loans from Aave, The Leading Decentralized Finance Protocol, Rose to 307, The Highest Since Early August 2024.
• Flash Loans Leverage Ethereum’s Atomicity, ALLOWING USERS TO BORRROW WITHOUT POSTING COLLATERAL FOR A FEE ON CONDITION OF THE LOAN IS REPAID IN THE SAME TRANSHSTION IN WHICH WICHH. Borrowed Funds.
• TheSE Types of Loans are USUALLY DRAWN for arbitrage trades that seek to pro propit from Price Discrepancies Between Two Markets.

While You Were Sleeping

• Goldman Boosts Recession Risk, Brings Forward Fed Rate-Kut Call (Bloomberg): Goldman Sachs Chopped ITS US Fourth-Quarter GDP Forecast to 0.5% and Raissed The ODDS. IT Forecast 130 Basis Points of Fed Rate Cuts This Year Starting in June.
• Bitcoin CME FUTures Gap Lower After Trump Says ‘There Won Won A DEAL WITH CHINA’ (Coindesk): CME’S BITCOIN FUTures DECLINED, INDICATING BEARISH SENTIMENT, AFTER TRUNALA. Open Interest Also Fell, Suggesting Potential withdrawal from Digital Assets.
• Wall Street Starts to Speak Out Against Trump’s Tariffs (The Wall Street Journal): Bill Ackman URGED A 90-Day Pause to Avert Avert Support Tariffs Exceeding 10%.
• Hong Kong Regulator Releases Crypto Staking Rules for Licensed Exchanges (Coindesk): Hong Kong’s Securities and Futures Commission Green Light for Virtual) Asset Funds to Offer Staking Services.
• China Tries to DownPlay The Trade War’s Effects on Its Economy (The New York Times): Beijing Acused Washington of Undermining Global Trade Norms to Serve Us. Interests of the International Community.
• PEE HEGSET to VISIT PANAMA As US RAESESSESSURE Over Canal of A Push to Strengten Regional Security Ties.

In the Ether