Week of April 1-7, 2025

Donald Trump’s World Liberty Financial project has officially launched its own stablecoin, World Liberty Financial USD (USD1)—a dollar-backed digital currency aimed at boosting crypto adoption. With a market volume already exceeding $3.5 million, USD1 operates on both the Ethereum and BNB Chains.

According to CoinFund, the global stablecoin market could soar to $1 trillion by year’s end, fueling the growth of decentralized finance (DeFi) and expanding digital currency adoption worldwide.

Meanwhile, Fidelity Investments is gearing up to launch its own stablecoin, set to replace cash transactions in crypto markets. The financial giant also plans to roll out a digital token backed by U.S. government bonds, with the service expected to go live on May 30.

In other news, BlackRock has introduced Europe’s first Bitcoin exchange-traded product (ETP), which will be available on Euronext Paris, Xetra, and Euronext Amsterdam. The Bitcoin backing this ETP will be stored in cold storage via Coinbase Custody.

However, crypto trading volumes have cooled significantly since their post-election surge following Trump’s victory on November 5, 2024. At its peak, daily trading volume hit $126 billion—but that number has since plummeted over 70% to $35 billion. Analysts suggest that concerns over new import tax policies may be a key factor in this decline.

Looking ahead, Architect Partners predicts that by 2030, 25% of S&P 500 companies will hold Bitcoin on their balance sheets, treating it as a long-term asset rather than a speculative investment. Currently, public companies hold a combined 665,618 BTC—about 3.17% of total supply—with the largest corporate holder, Strategy, sitting on 506,137 BTC.

Technical Analysis

Bitcoin (BTC)

BTC is struggling to break key resistance levels that could signal a trend reversal. If the $77,000 support level is breached, traders may consider cutting losses. On the upside, a breakout above $87,000 could indicate a shift toward bullish momentum, making it a key level for short-term profit-taking.

• Support: 2,600,000 THB / 77,000 USD
• Resistance: 3,200,000 THB / 87,000 USD

Ethereum (ETH)

ETH is showing weak momentum this week. If the price drops below $1,700, we could see further downside toward $1,500. However, if ETH breaks past $2,100, it could signal a potential shift to an uptrend. Given current conditions, short-term trading strategies may be more effective.

• Support: 48,000 THB / 1,500 USD
• Resistance: 76,000 THB / 2,100 USD

EOS (EOS)

EOS saw a 1.62% gain last week and is eyeing a breakout above $0.6870. If successful, the next resistance target is $0.7900. However, if EOS fails to break resistance, traders should watch for a buying opportunity near $0.5373. 

• Support: 18 THB / 0.5373 USD
• Resistance: 26 THB / 0.7900 USD

TonCoin (TON)

TON gained 1.12% last week and is showing signs of a potential trend reversal. A move above $4.740 could confirm bullish momentum. The recommended strategy is to buy on pullbacks, with a key support level at $3.340. If TON falls below support, cutting losses is advised.

• Support: 105 THB / 3.340 USD
• Resistance: 160 THB / 4.740 USD

Investment Trends

Bitcoin’s price has been affected by the latest PCE inflation data, which came in higher than expected. Additionally, market uncertainty surrounding Trump’s upcoming import tax policy announcement on April 2 has led to a sell-off in both equities and Bitcoin.

However, once policy details become clearer, market sentiment could shift. If no additional negative catalysts emerge, we could see Bitcoin rebound as Q2 progresses.

Another key event this week is the Non-Farm Payroll (NFP) report on April 4, which is expected to show 139,000 new jobs added, down from 151,000 last month. The Federal Reserve Chair is also scheduled to speak, and the economic data released could offer insights into monetary policy for Q2.

Historically, Q2 has been a weaker period for Bitcoin returns, especially in post-Halving years. However, with the evolving market structure, past patterns may not fully apply. There’s still an opportunity to accumulate BTC gradually during this quarter.

In the short term, market volatility makes speculative trading risky. The recommended approach remains focusing on large-cap coins and assets likely to benefit from potential SEC policy shifts, which could open up opportunities for gains.

References

• Cointelegraph: Trump’s Stablecoin Launch 
• Cointelegraph: $1 Trillion Stablecoin Market? 
• Financial Times: Fidelity’s Stablecoin Plans 
• The Block: BlackRock’s Bitcoin ETP
• The Block: Crypto Trading Volumes Drop 70% 
• CoinDesk: Bitcoin on S&P 500 Balance Sheets?

Disclaimers

• Cryptocurrencies and digital tokens are highly risky; investors may lose all investment money. It is important to study information carefully and invest based on your own risk profile.
• Past returns or performance of digital assets do not guarantee future returns or performance.

Remark: The views, information, knowledge, and opinions expressed herein are those of the individuals involved and do not represent the views of Bitazza or its employees. Neither this email nor the content presented constitutes investment advice.