board

Data: The cryptocurrency market rebounded across the board, with the AI sector leading with a 9.07% increase, and BTC once breaking through $95,000

According to ChainCatcher news and SoSoValue data, the cryptocurrency market has rebounded across the board, with the AI sector leading the way with a 9.07% increase. Within this sector, Bittensor (TAO), Render (RENDER), ai16z (AI16Z), and Virtuals Protocol (VIRTUAL) rose by 8.16%, 8.78%, 18.03%, and 39.50% respectively over the past 24 hours.In addition, Bitcoin (BTC) increased by 2.04% in 24 hours, briefly rising above $95,000. Ethereum (ETH) rose by 1.80%, approaching the $1,800 mark. Notably, MAG7.Ssi increased by 1.79%, DEFI.Ssi rose by 3.52%, and MEME.Ssi went up by 2.13%.Other standout sectors include: the DePIN sector, which rose by 6.09% in 24 hours, with Filecoin (FIL), IOTA, and Theta Network (THETA) increasing by 2.97%, 3.16%, and 7.13% respectively; the GameFi sector, which rose by 5.33%, with Decentraland (MANA) and GALA increasing by 5.49% and 6.56%; and the NFT sector, which rose by 4.40%, with SuperVerse (SUPER), Apecoin (APE), and Moca Coin (MOCA) increasing by 5.29%, 5.66%, and 29.91% respectively.The cryptocurrency sector indices reflecting historical performance show that the ssiAI, ssiDePIN, and ssiGameFi indices increased by 9.12%, 6.59%, and 5.58% respectively over the past 24 hours.In other sectors, the DeFi sector rose by 4.27% in 24 hours, the Layer2 sector increased by 3.48%, the Meme sector rose by 3.10%, the PayFi sector increased by 3.06%, and the Layer1 sector rose by 2.44%.

Viewpoint: If Trump wants to lower interest rates, he must fire the entire Federal Reserve Board

ChainCatcher News: President Trump’s public criticism of Federal Reserve Chairman Powell has intensified concerns about his attempts to fire the central bank leader. However, even if he takes this historically significant and legally controversial step, Trump may still be unable to steer monetary policy in the direction he desires.Several economists have stated that even firing Powell may not guarantee Trump the interest rate cuts he wants. Paul Ashworth, Chief North American Economist at Capital Economics, noted in a recent report: "Firing Powell is likely just the first step in undermining the independence of the Federal Reserve. If Trump is determined to lower interest rates, he would also have to fire the other six members of the Federal Reserve Board, which would trigger more severe market turmoil, leading to a decline in the dollar and a rise in the long end of the U.S. Treasury yield curve."Powell is both the Chairman of the Federal Reserve Board and the Chairman of the Federal Open Market Committee (FOMC), which is responsible for setting interest rate policy. Ashworth pointed out that while FOMC members typically choose the Board Chairman appointed by the president to lead them, they can also defy Trump’s wishes and select someone else to head the rate-setting committee.In a social media post on Monday, Trump referred to the Federal Reserve Chairman as a "big loser," a post that shook financial markets. White House economic advisor Kevin Hassett stated last week that the president and his team are exploring the possibility of removing the Federal Reserve Chairman. However, on Tuesday, Trump backtracked, saying he would "definitely" not fire Powell.

4E: Gold surges, the cryptocurrency market rebounds across the board, focusing on US and European PMI and tech giants' earnings reports this week

ChainCatcher news reports that, according to 4E monitoring, Trump's policies continue to be at the forefront of market narratives, with tariff uncertainties continuing to pressure U.S. stocks. The three major indices fell for the third consecutive week last week, with the Dow Jones down 2.66%, the S&P 500 down 1.5%, and the Nasdaq down 2.62%, led by declines in tech stocks.The cryptocurrency market has shown resilience and performed relatively independently. Bitcoin stabilized last week around $84,000. On Monday morning in Asia, driven by a significant drop in the U.S. dollar index and a 2% surge in gold futures, Bitcoin quickly surged past $87,000, closing at $87,415 before the deadline, up 2.5% in 24 hours. Altcoins rebounded broadly, with the AI sector leading the way, rising by 7%, while other sectors saw increases of 1% to 2%, indicating a more optimistic market sentiment.In the forex commodity market, the U.S. dollar index fell below the 99 mark on Monday morning in Asia, reaching its lowest level since April 2022, down 0.24% for the day. Over the weekend, progress was made in U.S.-Iran negotiations, easing supply concerns, and U.S. oil fell by more than 1%. Trump posted insights about the negotiations, stating, "The golden rule of negotiation and success: those who have the gold make the rules," leading to a 1.61% surge in spot gold, hitting a historic high of $3,380.Tariff uncertainties loom over the market, with investors focusing on upcoming negotiations between the U.S. and several countries in the coming weeks to further understand the scale and scope of tariffs. This week, the U.S. and Europe will simultaneously release the preliminary manufacturing and services PMI for April, which will reflect the first wave of impacts from Trump's tariffs. Additionally, the market is paying attention to the upcoming earnings reports from tech giants like Google and Tesla, as investors seek market anchors from corporate profit guidance.

The cryptocurrency market rebounded across the board, with the AI sector leading the rise at 15.82%, and ETH returning above 1600 USD

ChainCatcher news, according to SoSoValue data, Trump announced a suspension of tariffs and a reduction in tax rates for multiple countries. As a result, the cryptocurrency market rebounded across the board, with the crypto sector generally rising about 4% to 15% over 24 hours. Among them, the AI sector led with a rise of 15.82%, with Bittensor (TAO), Fetch.ai (FET), and Render (RENDER) increasing by 15.52%, 15.79%, and 16.71% respectively in 24 hours. Additionally, Ethereum (ETH) rose by 13.77%, breaking through the $1600 mark. Bitcoin (BTC) increased by 7.94%, briefly surpassing $83,000.It is worth mentioning that MAG7.ssi rose by 11.24%, DEFI.ssi rose by 15.92%, and MEME.ssi rose by 13.44%.In other sectors, the DeFi sector rose by 12.43% over 24 hours, with Ondo Finance (ONDO) increasing by 23.87%; the PayFi sector rose by 12.26%, with XRP increasing by 14.13%; the Meme sector rose by 11.87%, with Dogecoin (DOGE) rising by 12.48%; the Layer2 sector rose by 8.91%, with ex-MATIC (POL) increasing by 10.72%; the Layer1 sector rose by 8.52%, with Solana (SOL) and Cardano (ADA) rising by 12.72% and 12.56% respectively; the CeFi sector rose by 5.89%, with Hyperliquid (HYPE) increasing by 16.09%.Meanwhile, the cryptocurrency sector indices reflecting historical market performance show that the ssiAI, ssiDeFi, and ssiRWA indices rose by 16.27%, 13.79%, and 12.97% respectively over 24 hours.
ChainCatcher Building the Web3 world with innovators