The global crypto market cap is currently $2.7tn, up 1.76% in 24h.
US Treasury Secretary Bessent said during an interview with Fox that Trump will announce his next round of tariffs on Wednesday, April 2 at 21:00 CET. Trump said he had set a tariff plan and it would be "very nice" to other countries and reiterated that "the word of reciprocity is very important". Sentiment in the markets improved slightly, but market volatility remains high, with the VIX volatility index currently gaining, while gold resumes its bullish trend.
BTC is up over 2% over the past 24hours to $83,500 while ETH is up 3.56% to $1,850.
In the past 24 hours, crypto liquidations came in at $245.63m, with 58% of them short positions.
According to data from Farside Investors, US BTC ETFs continued seeing outflows, recoding a daily net outflow of $60.6m. Blackrock's IBIT recorded net inflows of $15.1m, but WisdomTree's BTCW, Ark 21Shares ARKB and Bitwise BITB recorded significant net outflows of $32.6m, $23.2m and $19.9m respectively. ETH ETFs recorded net inflows of $6.4m, which all went into Fidelity's FETH.
Strategy announced it had acquired 22,048 BTC for $1.92bn at $86,969 per BTC, bringing its total holdings to 528,185 BTC.
Japan's Financial Services Agency (FSA) plans to amend the Financial Instruments and Exchange Act to give crypto assets the legal status of financial products, the Nikkei business daily said on Sunday, without citing sources. The revision would place crypto assets under insider trading regulations, banning trades based on non-public, material information.
Circle, the issuer of USDC, has hired JPMorgan and Citi for its long-awaited IPO, with a public filing expected by late April.
World Liberty Financial, the crypto venture aiming to offer decentralized financial services without banks, has raised over $550 million by selling non-tradeable governance tokens that allow holders to vote on project decisions but offer no share in profits. After Trump’s election win, the Trump family took control of the venture and now claims 75% of net revenue from token sales and now controls a 60% stake in World Liberty Financial. Critics warn the structure centralizes control and excludes public investors from meaningful financial participation.
The Japanese publicly traded company Metaplanet Inc. has announced an additional acquisition of 696 BTC, bringing the company's total Bitcoin holdings to 4,046 BTC.
Accoding to data by Santiment, Bitcoin’s supply on exchanges has dropped to the lowest level since Feb 2018, currently at 7.53%, signaling reduced sell pressure and potentially strong long-term holder confidence.
