Daily News | Ethereum Search Popularity Rose, Bitcoin Continued to Fluctuate
Crypto Daily Digest: Ethereum’s popularity on Google rebounded, analysis showed Bitcoin failed to benefit from safe-haven funds
According to Farside Investors data, the total net inflow of US Bitcoin spot ETFs yesterday was $25.9 million, of which Fidelity FBTC received $25.9 million, while BlackRock has not updated the inflow and outflow data yet.
Yesterday, the inflow and outflow of funds of Ethereum spot ETF were basically negligible.
Fitch: Global central banks may increase easing efforts, but the Fed may have to wait until Q4
Fitch said recently that the unexpected weakness of the US dollar has created more room for global central banks to ease policy. Fitch currently expects the European Central Bank and emerging markets to further cut interest rates. As world economic growth slows, falling commodity prices, including oil, will also stimulate countries outside the United States to accelerate monetary easing. That would contrast with the Federal Reserve, which Fitch still expects to wait until the fourth quarter to cut interest rates. The report said that despite the deteriorating outlook for U.S. economic growth, the inflation situation has limited the Fed’s ability to ease policy. Fitch expects the escalation of tariffs to push U.S. inflation to 4.3% by the end of the year, compared with a previous forecast of 3.6%.
Bitcoin and Ethereum Google searches hit their highest level this year in March
On April 18, March 2025, the search interest for “Bitcoin” on Google was 34, the highest level so far in 2025. Analysts said that although still far from the previous cycle highs, the rise in Google search interest in Bitcoin and Ethereum in March may reflect the resurgence of retail curiosity, at least better than the performance so far in 2025. A broader theory for the rise in Bitcoin interest in March could be the newly announced U.S. tariffs, which may have reignited the “digital gold” and “store of value” narratives long associated with Bitcoin, especially against the backdrop of heightened geopolitical or macroeconomic tensions. This theory is supported by the BTC to SPX ratio, which has risen more than 8% since the “Liberation Day” tariff announcement on April 2.
Analysis: Bitcoin failed to benefit from safe-haven flows driving gold higher
According to The Block, analysts at JPMorgan said that safe-haven demand is pushing up gold prices, while Bitcoin has failed to benefit from it. In a report released on Wednesday, a team of JPMorgan analysts led by managing director Nikolaos Panigirtzoglou pointed out that investors seeking safe havens are driving funds into gold’s trading platform exchange-traded funds (ETFs) and futures markets due to macroeconomic uncertainty. Bitcoin, by contrast, has been left aside. Analysts point to waning speculative interest in the bitcoin futures market and a continued outflow of funds from ETFs.
Market Trends: sUSD depegging intensified, BTC continued to fluctuate
Market Hotspots
The depegging of Synthetix’s stablecoin sUSD has intensified, and is now trading at $0.6825, down 16.5% in 24 hours, with a market cap of $21.98 million. The depegging of Synthetix’s stablecoin sUSD is not due to bad debt or mechanism failure, but a side effect of SIP-420. The introduction of SIP-420 means that SNX stakers no longer mint sUSD and manage their own debts individually, but instead entrust funds to a shared pool to achieve effects such as no liquidation and no personal debt; Because the debt is concentrated in a common pool, when the sUSD trading price deviates from the anchor value, pledgers have no direct interest in buying sUSD at a low price to repay the debt, and the self-regulating defense mechanism that once existed has now disappeared.
AERGO rose by more than 100% in 24 hours. At present, there is a certain gap between the AERGO contracts and spot prices on various CEXs. The funding rates of AERGO on mainstream CEXs are extremely negative. The total network contract holdings are $71.6519 million, a month-on-month increase of 46.08%.
Mainstream Coins
BTC continues to fluctuate in the range of $840 million. From the short-term trend, the market is still more driven by news. Therefore, the risk appetite driven by the US economy after incorporating the impact of tariffs is an important factor in determining the direction of the market.
ETH followed the broader market and fluctuated in a range after falling below $1,600 during the session. ETF data still suggests that its future trend is not optimistic.
Altcoins had mixed gains and losses, with the AI sector leading the gains. MASA rose by more than 50%, and HAT, SEKOIA, and COMAI all rose by more than 10%.
Macro News: US stocks mixed, Trump accused Powell of slow rate cuts
The three major U.S. stock indexes closed mixed on Thursday. The Dow Jones Industrial Average fell 527.16 points, or 1.33%; the Nasdaq fell 0.13%; and the S&P 500 rose 0.13%.
On April 17, local time, US President Trump posted on his social media platform “Real Social” that the report released by Federal Reserve Chairman Powell on the 16th was “another mess.” Trump said that Powell should have lowered interest rates like the European Central Bank, but he always “made mistakes too late.” Trump said Powell “should step down as soon as possible”. According to The Washington Post, Federal Reserve Chairman Powell issued a strong warning about the inflationary effects of Trump’s trade policies. Powell said that tariffs are “very likely” to stimulate a temporary increase in inflation, and warned that these effects may last for a long time.
