Crypto Daybook: Bitcoin Remains Stable Amid Trump’s Fed Criticism

On this Good Friday, traditional markets are largely closed, influencing crypto market activity. The CoinDesk 20 Index has seen minimal change, gaining less than 0.1% in the last 24 hours. Bitcoin's price increased by 0.1%.

Key developments include:

• President Trump criticized Federal Reserve Chair Jerome Powell for not lowering interest rates, contributing to economic uncertainty.
• The S&P 500 and Nasdaq experienced slight movements, closing up 0.1% and down 0.1%, respectively.
• Market reactions remain sensitive to White House policies, with potential implications for Bitcoin as a hedge against inflation.
• Gold currently serves as the preferred asset for protection against currency debasement.

Upcoming Events

• April 18: Pepecoin's second halving.
• April 20: BNB Chain’s opBNB mainnet hardfork.
• April 21: XRP futures listing pending CFTC approval.
• April 25: SEC Crypto Task Force Roundtable on custody considerations.

Market Movements

• BTC: $84,550 (down 0.69%)
• ETH: $1,587.85 (up 0.15%)
• CoinDesk 20: 2,460.30 (up 1%)
• Gold: $3,308.80/oz (down 0.54%)
• S&P 500: 5,282.70 (up 0.13%)
• Nasdaq Composite: 16,286.45 (down 0.13%)

Recent Trading Highlights

• Pump.fun has significantly increased trading volume since launching PumpSwap, rising from $110 million to $650 million daily.
• Daily transactions on PumpSwap now exceed 40,000.

Investors should monitor ongoing developments in macroeconomic conditions and regulatory changes impacting the cryptocurrency landscape.