Perhaps one of the most challenging weeks in the crypto market is behind us. US President Donald Trump’s “American Independence Day” speech on April 2 had a negative impact on global markets. Experts said that the declines experienced this week were worse than the 2020 to 2022 periods. The crypto market was also affected by these declines. Although Bitcoin managed to hold on, panic sales increased in altcoins.
In his speech on April 2, Trump announced tariffs on 186 countries. These countries include China, Canada, the European Union and Turkey. The US stock market has lost nearly 15 percent of its value since the announcement on April 2. Nearly 5 trillion dollars has evaporated in these declines. The fortunes of the world’s richest people have melted down by nearly 500 billion dollars. Recession anxiety and fear of collapse in the markets have affected cryptocurrencies.
We say that these difficult days will eventually be behind us, and we compile the highlights of the week for you. Here are the important developments of this week…
Arthur Hayes gives hope
World-renowned crypto analyst and investor Arthur Hayes suggested that the US Federal Reserve will go for quantitative easing as a result of Trump’s policies. Hayes argued that if this happens, the price of Bitcoin could reach $250,000 in 2025.
He predicted that Bitcoin could reach $250,000 in 2025 if the US Federal Reserve goes for quantitative easing, but market bets remain conservative.
Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, made some exciting remarks to Bitcoin investors on April 1. Hayes said, “Bitcoin reached a local low of $76,500 last month. Now we are starting a rally targeting $250,000 by the end of the year.”
US President Donald Trump sets markets on fire
US President Donald Trump addressed the nation on Wednesday, April 2. Trump emphasized that the US will now work for itself instead of working for other countries. In his speech, which was described as “Independence Day”, Trump imposed high tariffs on many countries, including 34 percent on China. In the speech in question, it was emphasized that it would be fine for the US to enter a recession and that the markets would recover naturally. Concerns about recession and turbulent global markets led to the worst week in recent times. The top 10 US companies lost money, while indices such as NASDAQ and S&P 500 collapsed.
The impact of Trump’s speech continued to weigh heavily until April 4. On April 4, the VIX index rose above 40 for the first time since August. On the other hand, the US 2-year bond yield fell below 3.5 percent for the first time since 2022.
The probability of a recession in the US has risen to 60 percent, while the credit risk indicator of banks has experienced a huge jump. What happened in the meantime? Shares of companies such as Tesla, Apple and Microsoft fell by more than 15 percent. Bitcoin, the leading cryptocurrency, fell to $82,000. Nevertheless, it is worth saying that Bitcoin has been recovering from the decline in the markets for the last two days. In altcoins, which are seen as a little more risky, money outflows increased.
Ethereum is not gaining traction
Ether (ETH), which has fallen 44 percent since the beginning of the year, has been going through great difficulties recently. While the ETH price is trying to hold on to $ 1,800, it is claimed that recovery is not possible in the near term. According to the data, investors do not trust the ETH price’s $1,800 support.
The ETH delta curve metric has retreated from the 9 percent level seen on March 31. The current value suggests that whales fear further declines for ETH and that it may take a long time for investors to regain confidence.
On the other hand, it is worth remembering that the Trump family has invested strongly in the Ethereum ecosystem.
Binance may delist the stars of the previous bull!
Crypto exchange Binance has added new altcoins to the altcoins it is reviewing for delisting. In a statement this week, it announced that ARDR, BSW, FLM, LTO, NKN, PDA, PERP, VIB, VOXEL and WING tokens have been placed in the watch category for potential delisting. Tokens placed in Binance’s watch category have significant volatility compared to other listed altcoins. These tokens are closely monitored and undergo regular reviews. In the absence of positive developments in tokens with the watch tag, a final delist is carried out. Binance’s announcement of the tokens in question caused a huge drop. “Panic selling” took place in many of them, especially FLM and VOXEL.
Altcoins will dance for the last time!
As pessimism continues in the altcoin market, various views are on the agenda. Many opinions suggest that altcoins will be reset one by one and the crypto market will be cleaned up.
Real Vision’s Jamie Coutts made perhaps one of the most important statements of the week. Coutts addressed investors who cannot predict the course of altcoins due to the “fear” environment. Coutts said he will wait to see if there will be a possible recovery in the altcoin market in June. The crypto expert stated that altcoins will once again experience a bull run, albeit in anticipation.
Stating that not every altcoin will rise, Coutts said that cryptocurrencies with high potential, especially major altcoins, should be followed. The analyst stated that the next altcoin rise will take place for the last time and then the markets will enter a big cleaning.
Arthur Hayes said he likes tariffs
Arthur Hayes took to the stage for the second time this week to discuss US President Donald Trump’s tariffs. Hayes argued that the tariffs that everyone fears will be beneficial for Bitcoin. Hayes, who has been in the crypto sector for years, said that tariffs will solve global imbalances and trigger monetary expansion in the medium term. According to Hayes, Bitcoin will be the investment tool that will best survive the tariffs. Referring to the economic tensions between the US and China, Hayes stated that the ultimate winner will be the crypto market.
Trump said lower it, Powell said no now!
US President Donald Trump addressed Fed Chairman Jerome Powell after the employment reports released the other day. Trump stated that the interest rate cut should start in the light of tariffs and the recovering economy. On the other hand, Fed Chairman Powell stated that Trump’s tariffs may have negative economic consequences. Powell stated that interest rate cuts will start once confidence in the markets is established. The Fed Chairman commented that “now is not the time to cut interest rates”.
Wall Street lost blood
The declines, which started with US President Donald Trump’s statements on tariffs, affected Wall Street. The US stock market fell more than the total value of the crypto market on the trading day on April 4. According to the data, the decline on Wall Street reached 3.25 trillion dollars the other day. The total value of the crypto market is 2.68 trillion dollars.
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