What’s Making News This Week:
Gold prices are near all-time highs again, and it’s the classic story of when the world panics, capital flows to hard assets.
And if history rhymes, Bitcoin tends to follow. In the past, we have seen that gold usually moves first, and then BTC follows. We’ve seen it before; will history repeat itself?
Especially now that entire nations are getting in on the action. Several states in the US are building Bitcoin reserves even Russia is using BTC in global trade. Adoption’s creeping in at the highest levels of government, and it’s safe to say this isn’t just speculation anymore, it’s a strategy.
The big story of the week is in TradFi land, the S&P 500 just had its worst 4-day stretch since 1957. Yep. Since Eisenhower was in charge. Over 4 days (April 3 to 8), we saw a 21.25% nosedive.
And just when you thought the pain would continue, Trump flipped the switch and paused the reciprocal tariffs for 90 days.
Following a post that Trump’s account made on truthsocial.com, trillions flowed back into US stocks and hundreds of billions back into crypto.
Bitcoin rebounded from $78K to close at $82.9K yesterday, triggering an altcoin rally before markets cooled off this morning. BTC is now holding at around $81K.
The China–US tariff war continues and is now sitting at +145%.
China is making their moves with other nations. 🇪🇺 EU and China chatting about EV tariff rollbacks. The effect? The Chinese Yuan hit its lowest point in 18 years.
Volatility isn’t going anywhere in the next few weeks. Stay alert and be prepared, folks.
Founder’s Corner — Richard’s Take:
It is not every week that the TradFi market is as volatile as the crypto market. The world has been on stand-by, wondering what Trump's next move will be. To see trillions wiped off the market all to be put back in a few days later, is not something that we see every day, and even seasoned traders and investors have been confused as to what the outcome of Trump's decisions will be. Whether you are trying to get out of the market, wait it out or try to call the bottom. It is important to take a breath and ensure that you are making decisions you are confident in during these times. It will be interesting to see how the US and China proceed with the current tariffs being put in place, but for now, the “90-day” pause on the other countries provides some kind of relief for some.
Headlines That Caught Our Attention:
Westpac CEO Responds After Blocking $30K Crypto Transfer
After withholding a customer's $30,000 transfer to an Australian crypto exchange and costing them a potential $6,500 Bitcoin gain, the CEO of Westpac has stepped in with an apology. The incident has fuelled growing concern around traditional banks restricting access to digital finance. In his statement, the CEO admitted the bank needs to do better when it comes to customer support and respecting financial freedom.
Cardano’s Charles Hoskinson predicts Bitcoin could hit $250,000 by the end of 2025 or 2026, sparking heated discussions in the crypto community.
XRP ETF Makes US Debut Ripple celebrates a historic milestone as the first US-based XRP ETF launches with strong trading volume, while the company secures a $1.25 billion deal to acquire prime broker Hidden Road.
Kraken collaborates with Mastercard to roll out crypto debit cards in Europe and the UK, enabling seamless spending of cryptocurrencies and stablecoins.
Avalanche’s Octane upgrade goes live on the C-Chain, introducing dynamic gas fee adjustments for lower costs and better network efficiency.
Sonic (Fantom) Struggles Despite $1B TVL Sonic, formerly Fantom, hits $1 billion in TVL but remains near all-time lows, leaving analysts questioning its price trajectory and market potential.
TRUMP Token Unlock Raises Concerns
A $353 million TRUMP token unlock scheduled for April 18, 2025, will release 20% of its circulating supply to insiders, potentially impacting market dynamics.
Trump scrapped the IRS’s ‘DeFi broker rule’. Trump’s decision to scrap the IRS’s DeFi broker rule is hailed as a victory for decentralisation, easing regulatory burdens on crypto innovators.
Market Update (as of 11 April 2025, 12 PM AEST): Top 10 Cryptos by Market Cap
Here's a quick look at this week's leading cryptocurrencies, ranked by market cap.
Top 3 Gainers and Losers on Wayex:
Fear & Greed Index:
Today: 21 - Fear and still showing similar sentiment as last week (taken from CoinMarketCap as of 11/04/25) Last Week: 25
The market’s nervous. Traders are cautious.
😂 Funny Mentions:
This week in trading was something else! 👉 You either ride the waves or get washed up
Scottie Pippen, the 6-time NBA champion, says he met Satoshi in 1993. 👉You have to see Saylor’s reaction
Someone released a trailer for Trump: The Anime 👉 You’ve got to see it to believe it
That’s a Wrap.
Narratives keep shifting. Markets evolve by the minute. But through it all, one thing is clear: the crypto space never ceases to keep us on our toes.
The fact that you’re here, staying informed and engaged, is great to see. Whether you’re a seasoned trader or just getting started, we want to say thank you for being part of the Wayex community.
Stay tuned, keep exploring, and know that every turn can present fresh opportunities.
See you in the next one!
This Is The Way.