Daily News | BTC Volatility Fell Back To 2.68% After The Tariff Policy Was Implemented, ETH Tested $1,780 Support Again
Crypto Daily Digest: Bitcoin volatility fell back to 2.68%, Fidelity launched “retirement plan” to invest in cryptocurrencies
According to Farside Investors data, the US Bitcoin spot ETF had a total net inflow of $334 million yesterday, of which FBTC had a net inflow of $118 million and ARKB had a net outflow of $130 million. BlackRock data has not been updated yet.
As of press time, the Ethereum spot ETF saw outflows of $31 million yesterday, all of which came from Grayscale ETHE. BlackRock data has not been updated yet.
Fidelity launched a “retirement plan” to invest in cryptocurrencies, supporting BTC, ETH and LTC
Fidelity has launched a crypto IRA (retirement plan) that allows American adults to invest in Bitcoin, Ethereum and Litecoin. The assets are held by Fidelity and stored in cold wallets. According to the Fidelity website, there are no fees for the crypto IRA product.
If Bitcoin breaks through $85,000, the short order liquidation intensity will reach 1.287 billion
On April 3, according to Coinglass data, if Bitcoin rebounds and breaks through $85,000, the cumulative short order liquidation intensity of mainstream CEX will reach 1.287 billion.
On the contrary, if Bitcoin falls below $82,000, the cumulative long order liquidation intensity of mainstream CEX will reach 287 million.
Bitcoin volatility dropped sharply and is now at 2.68%
After the tariff policy was implemented, Bitcoin’s volatility dropped sharply, now at 2.68%, while the volatility observed at the end of March was 3.47%. High Bitcoin volatility is usually related to market sentiment. The implementation of the tariff policy was accompanied by a sharp drop in Bitcoin’s volatility, which may mean that the market is about to enter a narrow range of fluctuations and cool down.
First Digital denied Justin Sun’s accusation: FDUSD reserves are fine
First Digital Trust issued an announcement stating that Justin Sun’s recent accusations against First Digital Trust are completely false. This dispute is related to TUSD and has nothing to do with FDUSD. First Digital is fully solvent. Every dollar backing FDUSD is fully, secure, reliable, and accounted for by U.S.-backed Treasury bonds. At the same time, it stated that an AMA will be held on X at 4 pm Hong Kong time on Thursday, April 3 to discuss the issue.
Market Trends: Cryptocurrencies generally pulled back, ETH tested the $1,780 support level again
Market Hotspots
In the past 24 hours, the crypto market rose and then fell due to the incident. A total of 165,685 people were liquidated worldwide, with a total liquidation amount of $497 million. Both long and short positions were liquidated, with a long position liquidation amount of $267 million and a short position liquidation amount of $230 million.
In terms of funding rates, the current mainstream CEX and DEX funding rates show that the crypto market is still in a bearish trend. Funding rates are rates set by crypto trading platforms to maintain a balance between contract prices and underlying asset prices. They are used to adjust the cost or benefit of traders holding contracts to keep contract prices close to underlying asset prices.
Mainstream Coins
With the implementation of US tariffs, risk capital has fallen sharply, and Bitcoin has fallen from $88,000 to around $82,000. As of press time, the price of Bitcoin has rebounded to $83,458, a 24-hour drop of 1.7%, outperforming traditional stock risk assets.
Ethereum followed the market trend, with the price falling from $1,950 to $1,785. It rebounded to $1,823 as of press time. Ethereum’s price range of 1750-1800 has experienced multiple decline tests, and $1,780 can be used as a key medium-term support level.
Altcoins generally fell, with declines generally greater than blue-chip coins such as Bitcoin and Ethereum. The worst performing socialfi sector yesterday continued to lead the decline (-4.3%), with TON falling 4.7% and MASK falling 7.5%.
Macro news: Tariffs were implemented beyond expectations, and US stocks fell sharply after the market closed
After the U.S. stock market closed on Wednesday, April 2, U.S. President Trump signed two utive orders on so-called “reciprocal tariffs” at the White House, announcing that the United States would establish a 10% “minimum benchmark tariff” on its trading partners, which would take effect at 00:01 a.m. Eastern Time on April 5. At the same time, a personalized higher “reciprocal tariff” would be imposed on the countries with the largest U.S. trade deficits, which would take effect at 00:01 a.m. Eastern Time on April 9.
The tariff policy was far beyond expectations. U.S. stocks plummeted after the market closed. Apple’s decline once widened to 7.58%, and Tesla fell more than 6%. The 10-year U.S. Treasury yield fell sharply to around 4.1307%, down nearly 10 basis points from the intraday high. New York copper futures became the commodity with the largest decline, falling by 4% at one point.
