Price Volatility

The Middle East situation has taken a turn, with U.S. President Trump predicting that the U.S.-Iran conflict will be over within 2 to 3 weeks, driving a rebound in global markets. Asian stocks surged to their strongest gains in months, and both the U.S. stock market and the cryptocurrency market also rose. Iran has signaled a willingness to end the conflict; if the UAE were to join the fighting, it could affect oil prices. As market confidence rises, the issuance of crypto ETFs is expected to bring in new capital, further boosting the market outlook.

Bitcoin experienced a significant drop to $67,000 following President Trump's speech about potential war escalation, causing a broader market sell-off affecting U.S. futures and gold prices, while oil rose by 8.4%.

Gate News: According to the latest Gate TradFi data, VIX (VIX) has surged by 6% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Bitcoin BTC$66,442.95 gave back a large portion of its recent gains on Thursday, now trading at $66,700 having lost 2.4% of its value since midnight UTC. Ether (ETH) performed even worse, tumbling by 4.4% as the broader crypto market struggles to deal with continued risk-off sentiment. The

The crypto market faces a downturn with a 2.53% drop in market capitalization, led by decreases in Bitcoin and Ethereum prices. However, daily crypto volume rose by 4.26%, while NFT sales surged. Key developments include Genius Group repaying debt and Australia's new crypto policy approval.

Chainlink (LINK) whale activity has increased, but the price has fallen for seven consecutive months, drawing market attention. Despite a rise in whale outflow volume and soft institutional demand, the price remains under pressure. Future performance may be influenced by broader market sentiment, so investors should watch changes in whale behavior and ETF fund inflows.

Bitcoin’s hot-holdings trend is cooling off, as multiple companies and governments sell off their reserves, causing market volatility to increase. Companies such as Empery Digital and Genius Group have already cleared their bitcoin reserves, while Riot Platforms continues to reduce its holdings. Despite worries raised by the selloffs, the public vault still holds a large amount of bitcoin. The current bitcoin price is about $66,500, and market sentiment remains weak.

Gate News update: On April 2, according to Coinglass data, STO liquidated about $20.26 million in the past hour, including about $2.56 million liquidated on long positions and about $17.69 million liquidated on short positions. One user had their short position liquidated when the price touched around $2.55, with a position value of about $7.67 million. Previously, STO saw a brief plunge of over 50%; it is now trading at $1.

Gate News message, April 2nd, market data shows that STO’s short-term drop exceeds 50%, and it is currently trading at $1. Earlier reports indicated that an address transferred an STO token amount equal to 12.43% of the circulating supply into Gate.

After Trump made remarks about the Middle East situation, it led to a sharp drop in Bitcoin, gold, and U.S. stocks. Bitcoin briefly fell to $66,250. Market sentiment was influenced jointly by geopolitical tensions and institutional fund flows, and investors need to be wary of volatility risks.

Gate News update, April 2, according to market data, STO has dropped more than 60% in the past 20 minutes, and is currently trading at $0.69531. The intraday gain has narrowed to 98.31%.

Gate News: According to the latest Gate TradFi data, MU (Micron) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

The Cardano Foundation released a report on April 2 showing its total assets have fallen to 287.5 million Swiss francs, mainly due to a decline in the ADA price. The foundation adjusted its asset allocation, holding slightly less ADA, with the number of bitcoins reduced, while cash and financial assets increased to 25.5%. Spending has focused on technology, promotion, and governance, marking the first time it has achieved on-chain audit certification. In the future, it will focus on stablecoin and DeFi liquidity, and explore new funding cycle models.

Bitcoin experienced a decline to just over $66,000 after being rejected at $69,200, influenced by geopolitical tensions. Altcoins, including Ethereum and Solana, also fell, while XRP surpassed BNB in market cap. The total crypto market cap dropped significantly but has since rebounded.

In his remarks, Trump said that the U.S. military would complete its strategic mission against Iran, prompting a cautious reaction in the markets. Brent crude oil prices rose, stocks fell, and risk-averse sentiment intensified. Iran has taken a hardline stance and clearly demanded a toll payment; the situation remains unclear, and geopolitical risks may continue to affect the markets.

Circle (CRCL) stock price continues to weaken, affected by multiple factors such as regulatory repricing and others. At the same time, market participants are re-evaluating its profitability as Tether’s market expansion intensifies competition and impacts Circle’s market share. Profit-taking and strategic de-risking have led to price volatility, reflecting deeper changes in the crypto industry; the market is gradually shifting toward fundamentals-driven dynamics.

Axe Compute (NASDAQ: AGPU) released its FY2025 annual financial report, showing a total contract amount of $12 million over the past 30 days, an estimated Q2 revenue of $835,000, and more than 20 clients. Following the earnings release, AGPU’s stock price surged by up to 152%, with trading volume reaching a record high. All computing power is supplied by the Aethir network, covering 94 countries and deploying over 435,000 GPUs.

The Bitcoin mining industry is facing severe challenges. As the coin’s price declines and energy costs increase, mining expenses have soared to $88,000, with miners losing nearly $20,000 for each Bitcoin mined. Rising international oil prices and escalating geopolitical risks have further intensified miners’ financial pressures. Hashrate loss and extended block times indicate that miners are exiting the market, leading to a wave of sell-offs that further impact the price structure. To survive, miners are turning to AI and high-performance computing to seek new revenue sources.

Gate News: According to the latest Gate TradFi data, VIX (VIX) has surged by 4.5% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.