Complete Gate Post tasks to upgrade your rank

Credit Ranking

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/174287377217.png)
## Crypto Daily Digest: CEX platform ETH holdings hit a nine-year low, Bloomberg stated that the recent performance of the Altcoin outperformed BTC
According to Farside Investors data, U.S. <a href="/ja/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> spot ETFs had a total net inflow of $66.1 million yesterday, of which Fidelity FBTC had an inflow of $82.9 million and Ark ARKB had an outflow of $41 million.

Yesterday, the inflow and outflow of funds in the <a href="/ja/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> spot ETF were basically negligible.

**ETH ushered in a catalyst for growth, and CEX platform ETH holdings hit a nine-year low**

The amount of Ether (ETH) held in wallets linked to centralized exchanges has fallen to a nine-year low of 8.97 million, according to data tracked by CryptoRank and Santiment. This is the lowest level since November 2015. The continued outflow of tokens from centralized exchanges could lead to a reduction in the supply of tokens on the market, triggering a price surge. BTC has also shown a similar trend, with a surge in price after exchange holdings hit a seven-year low.

**Opinion: Investors can view Bitcoin as a large-cap tech stock, with a high correlation with Nasdaq in the short term**

Standard Chartered Bank said that Bitcoin's correlation with the Nasdaq is generally higher than its correlation with gold, and investors can benefit by treating Bitcoin as a large technology stock.

According to the bank's data, Bitcoin's current correlation with the Nasdaq is about 0.5, after being close to 0.8 earlier this year. At the same time, Bitcoin's correlation with gold has continued to decline since January, hitting zero at one point, and is currently just above 0.2.

**Bloomberg: Altcoins outperformed Bitcoin amid broad rally**

Altcoins have outperformed Bitcoin amid a broad <a href="/ja/price" target="_blank" class="blog_inner_link">crypto market</a> rally as signs of more targeted U.S. tariffs dented demand for safe-haven assets, Bloomberg reported.

## Market Trends: BTC continued to counterattack and is about to hit the key resistance level
### Market Hotspots
DeSci sector tokens rebounded, with BIO up more than 16% in 24 hours, and VITA and YNE up more than 10% in 24 hours;

The UPCX project ecosystem token UPC has risen by more than 10% in 24 hours. UPCX is an open source payment system with high traffic support in the payment, Layer2 and RWA sectors. It supports a variety of assets, including NFTs and stablecoins, and provides a user-friendly super payment application.

### Mainstream Coins
BTC continued to rise, reaching $88,000 at one point, and then fell to the $87,000 range. Analysts believe that if Bitcoin regains its previous high of $90,000, it will quickly start its journey to a new high. If it fails to rise, it may fall back to the $73,000-$74,000 range.

ETH once broke through the $2,100 mark. Currently, the number of ETH in the wallets linked to centralized exchanges has dropped to the lowest point in 9 years, which may indicate a reduction in the supply of market tokens, providing support for the rebound of the currency price.

Altcoins and meme tokens generally rose. AI concept meme coins and DEX platform tokens rebounded in total market cap. The total market cap of AI concept meme coins rebounded by 13.1% in the past 24 hours and 25.2% in the past week.

## Macro News: US stocks surged across the board, giving investors a chance to catch their breath
U.S. stocks surged across the board on Monday, benefiting from the Trump administration's hint that the tariff policy announced on April 2 will be more "targeted." Wall Street analysts predict that investors may be about to get a break. Equity strategists from institutions such as JPMorgan Chase, Morgan Stanley and Evercore ISI said that judging from multiple indicators such as investor sentiment, positions, and seasonal factors, the most severe phase of the recent downturn in the U.S. stock market may have passed.

The US service sector PMI rebounded, driving the overall PMI to improve, although the manufacturing industry is still in the contraction range. The good news led to a rise in US stocks across the board, rising US bond yields and a stronger dollar.



<div class="blog-details-info">
<div>Author:**Orisi T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>


简体中文

English

Tiếng Việt

Español

Русский язык

Français

ภาษาไทย

Indonesia

Deutsch

عربي

Português (Portugal]

Português (Brasil]

繁體中文

Українська

福利中心

web3 Airdrop

launchpool(新币挖矿)

小红花-Exchange-Startup

交易-盘前交易

launchpad

打新

小红花-Learn & Explore-博客

小红花-Learn & Explore-快讯

币圈-币圈-未来事件

小红花-Learn & Explore-聊天室

小红花-Learn & Explore-直播

小红花-Learn & Explore-动态

币圈

Gate OTC

芝麻金融-更多-财富管理

机构-APIs

机构-大宗交易服务

机构-经纪商项目

全球做市商计划

机构-托管和资产管理

机构借贷

机构-做市商项目

小红花-Promotions-机构和VIP服务

量化基金

机构-基础架构

机构-交易

机构-金融

结构化产品

机构-主页

衍生品-统一账户

芝麻金融-更多-抵押借币

vip服务

机构

策略跟单

现货跟单

合约跟单

跟单

量化策略-探索

量化策略-进阶

量化策略-基础

机器人广场

创建机器人

探索机器人

杠杆网格

无限网格

期现套利

组合指标策略

智能调仓

现货马丁格尔

合约网格

现货网格

交易机器人

芝麻金融-更多-ETH2.0挖矿

芝麻金融-更多-法币理财

链上赚币

芝麻金融-理财-双币宝

芝麻金融-理财-定期理财(屯币)

芝麻金融-理财-结构性理财

芝麻金融-理财-理财宝

芝麻金融-理财-余币宝

GT挖矿

芝麻金融-更多

芝麻金融-理财

赚币

模拟交易

衍生品-期权

衍生品-交割合约

衍生品-永续合约

合约入门

合约活动

衍生品

交易-杠杆ETF

交易-杠杆交易

交易-闪兑

交易-现货交易

交易-创新交易

交易

行情

买币-gateCard

卖币

买币-快捷交易

买币

买币-paywith

法币定投

小红花-推广

新手指南

活动中心

小红花-Learn & Explore-学院

小红花-Exchange-最新公告

小红花-Exchange-帮助中心

gate商店

小红花-Promotions-邀请计划

小红花-promotions-代理商

cextg小程序

储备金

合作伙伴

小红花

web3

Daily News | BTC Is About To Rebound Into The Key Resistance Level, ETH Bullish News Is Coming