Crypto Market Weekly Report: Fluctuations Continue, ETH Performance Weakens

This week, the crypto market has shown a volatile trend, with Bitcoin prices fluctuating slightly in the range of $82,000 to $86,000. In terms of ETF fund flows, there has been a small outflow from Bitcoin ETFs, but the overall trend still maintains a net inflow. Market sentiment remains cautious, with the greed and fear index lingering around 30.

Ethereum's performance continues to be sluggish, with ETFs experiencing net outflows for the ninth consecutive week. The ETH/BTC exchange rate has fallen below 0.019, approaching historical lows. Ethereum's market capitalization share has dropped to 7.1%, reaching a new low in nearly five years. In the short term, there is little prospect for significant improvement in Ethereum's fundamentals, and investor confidence remains at a low ebb.

In terms of popular cryptocurrencies, MUSKIT, VOXEL, and LBR have stood out. Among them, MUSKIT saw an increase of 247.53% within the week, VOXEL rose by 234.94%, reaching a high of 0.1423USDT, and LBR recorded an increase of 166.46%.

The US stock market showed an overall downward trend last week. The S&P 500 index fell by 1.5%, while the Dow Jones and Nasdaq dropped by 2.7% and 2.6% respectively. Market volatility intensified, influenced by uncertainties in trade policies and corporate earnings reports among other factors. The semiconductor industry showed a mixed performance, with TSMC's strong earnings boosting tech stocks, but concerns over US-China trade frictions still remain.

Recent important events include: The Federal Reserve will release the latest economic conditions beige book this week; The U.S. Securities and Exchange Commission will hold the third crypto policy roundtable, focusing on custody issues.

In terms of project dynamics, Balance will launch the EPT token issuance on April 21; the cross-chain protocol Hyperlane plans to conduct the HYPER token airdrop on April 22; the DOLO token of the lending platform Dolomite will start distribution on April 24; and the official domain sale of Sonic Labs is also expected to kick off this week.