Traders Increase Bets on Fed Rate Cut, 50% Probability of Fourth Cut This Year

On April 4th, according to HTX market data, Bitcoin witnessed a rebound and briefly surpassed $84,000. It is currently trading at $83,953.

On April 4th, according to a report from CryptoQuant, prior to Trump's speech, investors transferred a greater amount of Bitcoin, ETH, and XRP to exchanges, suggesting an elevated selling pressure. In the hours following Trump's speech, the single-block transaction volume of Bitcoin also witnessed a significant surge. In the U.S., the deposits of Bitcoin on Coinbase also increased, especially from large holders. Similarly, the amount of ETH flowing into exchanges reached its peak at around 80,000 ETH within 1 hour. The amount of XRP transferred to Binance surged to 130 million within 1 hour, while for the majority of the previous day, it was less than 10 million XRP per hour. CryptoQuant pointed out that the increase in exchange inflows reflects investors' willingness to close positions in the face of increased economic uncertainty. Traders are unwinding their long positions to take profits, resulting in a decreased demand for Bitcoin and ETH in the perpetual futures market. However,

On April 4th, according to official channels, Upbit has included Filecoin (FIL) in KRW trading pairs.

On April 4th, according to HTX market data, due to the listing on Upbit, FIL witnessed a short-term surge of 28% and then gave back some of the gains. It is now trading at $2.912. The price increased by 7.11% after the news was made public.

April 4th: The Token issuance platform Clanker has been operational on the Base ecosystem for a period of five months. During this time, it has generated a revenue of $13 million, with an average monthly income of $2.6 million. The platform has accumulated $27 million in fees, emerging as one of the most profitable projects on Base. Through Clanker, users have created more than 200,000 tokens. The total trading volume has exceeded $2.7 billion, and the total market capitalization of the related tokens is approximately $150 million. Clanker imposes a 1% fee on trades carried out through Uniswap V3 and has integrated with multiple platforms. It intends to achieve full permissionless protocol in the future to expand its ecosystem. (The Block)

On April 4th at 20:30 (Beijing time), the U.S. will release the March seasonally adjusted non-farm payroll data. Based on the median forecasts of economists surveyed by Bloomberg, the growth rate of March non-farm payrolls may slow down from 151K in February to 135K, and the unemployment rate is expected to remain unchanged at 4.1%. According to CME's "FedWatch" data, the probability of the Fed cutting rates by 25 basis points in May has risen to 28.9%, which is an increase from 10.8% the previous day.