Daily Market Recap – April 3, 2025

The crypto market experienced significant volatility in the past 24 hours, driven by Trump’s tariffs and cautious investor sentiment. Let’s explore breaking news in this daily market recap.

Daily Market Recap - April 3, 2025
Daily Market Recap – April 3, 2025

Market Overview

  • Bitcoin Plunges: BTC dropped from $93K to $86K, with dominance at 58.1%, and the Fear & Greed Index at 44.
  • Stablecoins Hold, Altcoins Weaken: USDC, TUSD steady; altcoins are under pressure, and Justin Sun rescues TUSD.
  • Tokenized Gold Surges: Market cap hits $1.2B as gold exceeds $3K/oz, led by $XAUT, and $PAXG.

Daily Market Recap – Key News

  • CZ on AI Agents: CZ claims only 0.05% of AI needs tokens, and urges focus on practical products.
  • Trump-Linked Stablecoin Controversy: Rep. Waters slams Trump’s stablecoin at Congress, citing financial risks.
  • Circle Plans IPO: Circle gears up for IPO, boosting crypto legitimacy.
  • Fidelity Launches Crypto IRA: Fidelity introduces fee-free IRA for BTC, ETH, and LTC, pushing mainstream adoption.
CZ on AI Agents
CZ on AI Agents

Trump’s Tariff Impact

  • Short-Term: 25% tariffs from 02/04/2025 trigger sell-off, BTC falls amid inflation fears and reverse yen carry trade.
  • Long-Term: National BTC reserve and Fort Knox tokenization could bolster the market.

Outlook

  • High Volatility: Tariffs and market sentiment fuel sharp fluctuations.
  • Emerging Trends: Stablecoins and tokenized assets gain traction; Fidelity and Circle drive mainstream growth.

MevX delivers the news as it happens, keep watching!



source https://blog.mevx.io/news/daily-market-recap-april-3-2025/

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