Asian markets opened weakly at the start of the week — South Korea and Japan dragged the index down. If gold prices continue to fall sharply, gains accumulated over the past six months could be wiped out.
1️⃣ BTC is fluctuating around $67,000. It has attempted to break above $70,000 multiple times but has failed — the upward momentum remains weak.
2️⃣ With $ETH hovering around $2,000, major cryptocurrencies are generally under downward pressure.
3️⃣ The Crypto Fear & Greed Index has dropped to 8 — extreme fear is on the rise.
4️⃣ The South Korean stock market triggered its circuit breaker once again, halting automatic trading for 5 minutes. Market sentiment is clearly deteriorating.
5️⃣ Interest rate expectations from the Fed:
- There is an 87.6% chance that it will remain unchanged in April.
- 12.4% chance of raising interest rates
6️⃣ The DeFi Resolv protocol has been exploited:
- Hackers used 200,000 USDC to Mint 80 million USDR.
- I have withdrawn over $20 million to ETH.
→ The familiar scenario: the unlimited Mint mechanism is exploited.
7️⃣ $FLUID recorded outflows of $334 million in 24 hours, with TVL falling below $1 billion. The impact from the Resolv incident is spreading to lending protocols.
8️⃣ $SIREN reaches new high:
- Open Interest on Binance exceeds $59 million.
- Increased by nearly 140% in 24 hours as Longing positions surged.
9️⃣ The "dinner with Trump" effect boosted demand for $TRUMP , but the price still fell 2.51% to $3.20 in 24 hours. The story continues.
The U.S. is expected to propose a peace deal with Iran, including:
- Missile limits
- Denuclearization
Iran has put forward six conditions for retaliation, including:
- War reparations claim
- Control of the Strait of Hormuz
Tensions between the US and Iran are escalating, and as usual, the market is the most obvious reactor.
