● Cryptocurrencies plunged and then rebounded after Iran’s first attack on Israel
According to Wu, due to Iran's first-ever attack on Israel, risk assets fell sharply, with Ethereum and Bitcoin falling to $2,852 and $60,660 respectively in the past four hours, and the amount of liquidation reached $711 million. However, Iran subsequently announced the end of the military operation, and cryptocurrencies and risk assets also began to rebound.
● Altcoins generally fell, ORDI, MEME, EOS, and WLD all fell sharply
According to BlockBeats, on April 14, altcoins followed the market and experienced a general decline. Among them, ORDI, MEME, EOS, and WLD all experienced a sharp decline.
● QCP Capital: ETH risk reversal bearish skewness accurately predicts a decline, BTC may have difficulty breaking through the $64,000 to $73,000 range
According to BlockBeats, crypto market maker QCP Capital pointed out in its latest market report that the bearish skewness in ETH risk reversals they highlighted on Friday has proven to be an accurate early decline indicator. QCP believes that the reason for this phenomenon may be that speculators holding long positions in altcoins will buy ETH put options for hedging, which makes ETH options more sensitive to changes in crypto market sentiment. Last night, news that Iran threatened to retaliate against Israel triggered a sell-off in risky assets around the world. BTC fell to $65,100, ETH fell to $3,100, and altcoins generally fell by 20-30%. After this decline, BTC once again returned to the center of the tight range of $64,000 to $73,000. Although there is still about a week before BTC halving, QCP expects that it may be difficult to break through this range in the short term. QCP recommends that investors consider using CFCC products to cope with the current market.
● The US government holds $15.27 billion worth of cryptocurrencies, followed by the UK and Germany
According to CryptoPotato, over the past decade or so, governments around the world have begun to seize cryptocurrencies on a large scale. The U.S. government ranks first with nearly $15.27 billion in cryptocurrency holdings, including 212.847k BTC and 45.654k ETH. The British government holds cryptocurrencies worth about $4.34 billion, and the German government holds cryptocurrencies worth about $3.53 billion. It is worth noting that the Salvadoran government is also actively involved, holding 5.718k BTC worth about $405 million. The crypto assets in these countries are mainly derived from seizures, for reasons including criminal investigations, suspected tax evasion, violations of anti-money laundering and know your customer (KYC) requirements, etc.
● After MicroStrategy’s Bitcoin strategy was implemented, BTC has risen by 463%
According to Odaily Planet Daily, FactSet data disclosed by MicroStrategy founder Michael Saylor on the X platform showed that BTC has risen 463% since MicroStrategy adopted its Bitcoin strategy on August 10, 2020. During the same period, the S&P 500 index rose 52%, the Nasdaq index rose 47%, gold rose 16%, silver fell 1%, and bonds fell 21%.
● Summers: US economic growth exceeds potential, the Fed has no reason to cut interest rates
According to Jinshi, former U.S. Treasury Secretary Summers pointed out that the U.S. "economic growth is faster than potential" due to fiscal stimulus driven by low unemployment and budget deficits. He believes that this confirms that the so-called neutral federal funds rate is "much higher than the 2.6% level that the Fed has been using as a guide." Summers said that based on the current facts, the Fed has no reason to cut interest rates, especially since the Consumer Price Index (CPI) data released this week showed that there was a problem with the way housing costs were calculated, resulting in data deviations.
● IMF asks El Salvador to amend Bitcoin law to receive $1.4 billion credit line
According to Odaily Planet Daily, market sources said that the International Monetary Fund (IMF) asked El Salvador to amend the "Bitcoin Law" and asked the country to stop Bitcoin-focused initiatives in order to obtain a $1.4 billion credit line. Neither the IMF nor the Salvadoran government has made an official statement on the matter, but Salvadoran President Nayib Bukele is actively involved in alleviating the country's debt pressure. A few days ago, Nayib Bukele also called for the purchase of the country's foreign debt.
● It is reported that Ripple plans to hold a settlement meeting with the US SEC next week
According to Golden Finance, @RippleArchive said on the X platform that Ripple "unexpectedly" unlocked 800 million XRP (worth nearly $500 million) earlier this month and is expected to hold a settlement meeting with the U.S. Securities and Exchange Commission next week. XRP community member Ashley Prosper analyzed that the legal dispute between the U.S. Securities and Exchange Commission and Ripple may end in a settlement.
