Bitcoin volatility drops to 2.66%, the market may enter a stable period
On April 21, Coinglass data showed that Bitcoin volatility fell for eight consecutive days and had dropped to 2.66%. Lower volatility suggests that speculative trading and retail FOMO sentiment have weakened, there are fewer short-term traders, and the market may be entering a consolidation phase or “stabilization period”, and Bitcoin price trends are stabilizing.
Trump asks Fed to cut rates immediately to counter economic slowdown
Trump called on the Federal Reserve to implement an insurance rate cut, arguing that energy and food prices are falling and inflation is almost non-existent. He criticized Federal Reserve Chairman Jerome Powell for his consistently slow actions and warned that if he did not act quickly, the U.S. economy could fall into a slowdown crisis. He also pointed out that Europe has cut interest rates seven times.
Paul S. Atkins sworn in as 34th Chairman of the U.S. SEC
On April 22, Paul S. Atkins officially took office as the 34th Chairman of the U.S. Securities and Exchange Commission. He was nominated by Trump on January 20 and confirmed by the Senate on April 9. As a former SEC Commissioner, Atkins is known for promoting digital asset reform, regulatory transparency, and efficient supervision.
Strategy The impact of large-scale purchases of Bitcoin on market prices has begun to decrease
On April 21, TD Cowen released a report stating that despite Strategy’s growing influence as a large Bitcoin holder, its large-scale buying behavior has almost no impact on Bitcoin prices. Its weekly purchases account for just 3.3% of Bitcoin trading volume, and the company’s total trading volume over the past 27 weeks accounted for just 8.4% of Bitcoin trading volume.
Gold spot prices surge to record high of $3,359.38 per ounce
On April 21, the spot price of gold continued to rise in the Asian session, breaking through the previous high and setting a new record, reaching US$3,359.38 per ounce, up about US$30 on the day, with an overall increase of 0.9%.
Analyst: The current market is more likely to be a normal correction rather than a bear market
CryptoQuant analyst CryptoDan said that the current market is more likely to be a typical pullback phase rather than a full-scale bear market. He pointed out that the previous increase was moderate and the market was not overheated, which means that the downside risks at the current stage are still relatively controllable.
