Crypto Market Trends and Price Analysis

Gate News message: On April 2, Gate market data shows that XAUUSD (gold) has fallen below the $4,600 threshold. It is currently trading at $4,599.97, and the intraday decline has widened to 3.26%.

Paradigm is developing a specialized prediction market trading terminal, positioning itself as a key player in the booming sector. It aims to create a market-making desk and a prediction market index, enhancing its infrastructure and attracting serious institutional investment.

Yunlin District Prosecutors Office cracked the nation’s first case involving a virtual currency nine-in-one election betting platform, and two bettors are being investigated for violating the “Election and Recall Act” and gambling-related offenses. As early as February, authorities had warned about the illegality of this type of betting activity. The case shows that on-chain transactions are not anonymous and can be traced, which affects the fairness of the election.

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

Gate News report, April 2, Jupiter Strategic Reserve Trust Fund Jupiter Litterbox Trust increased its holdings by 1,278,492 JUP yesterday, worth approximately $200,000.

The past four weeks have been brutal for bitcoin BTC$66,462.68 traders as prices keep chasing comments by President Donald Trump, who can't make up his mind about Iran. One day, he talks peace and BTC and risk assets go up while oil drops, the next day he talks hawkish again, sending BTC down and o

Bitcoin is trading sideways near $66,000, influenced by remarks by Trump on the situation in Iran. The shipping and insurance costs in the Strait of Hormuz reflect elevated risk. It is expected that an expanding supply shortfall will continue to weigh on Bitcoin and other risk assets, and in the short term the market may still remain choppy.

StakeStone（STO）saw a sharp surge on April 2, with the highest gain reaching 166.9%. The price jumped to $0.49159 and was accompanied by large withdrawals. This rally was driven by the launch of a new payment feature, with the 24-hour trading volume up 590.8%. However, the technical picture shows an overbought condition, and combined with selling pressure from upcoming unlocks, short-term pullback risk should be watched closely.

Blockstream CEO Adam Back plans to purchase about $1.5 billion worth of Bitcoin within the next few weeks, further strengthening its Bitcoin reserve strategy and positioning it as one of the largest Bitcoin-holding institutions globally. At the same time, the financing completed by Capital B uses a convertible note conversion mechanism, providing a model for European companies’ future Bitcoin procurement. As the EU’s MiCA regulations are advanced, it will encourage more companies to include Bitcoin in their asset allocation.

AI-powered Bitcoin treasury and education company Genius Group revealed on Tuesday that it sold the remainder of its Bitcoin in Q1 to pay off debt, adding to a recent wave of companies offloading assets amid a crypto bear market.  “The company will recommence building its Bitcoin Treasury when it b

Genius Group announced that it will sell all its Bitcoin in the first quarter of 2026 to repay a $8.5 million debt, bringing its holdings to zero; this move contradicts its 2024 commitment to a “Bitcoin-first” strategy. Other companies such as MARA Holdings and Bitdeer have also continued to sell Bitcoin to meet financial needs.

Drift Protocol recently suffered a complex attack. Malicious actors used the durable nonce technology to obtain unauthorized administrative privileges, resulting in approximately $280 million in funds being withdrawn. The investigation found no program vulnerabilities; it may involve social engineering. Drift has frozen protocol functionality and updated the multisig to protect assets.

This week, a significant liquidation of $46.6 million in tokenized Brent oil futures on Hyperliquid marked a notable event in crypto, overshadowing traditional assets. Driven by geopolitical tensions, liquidations impacted traders heavily positioned for a ceasefire.

Bitcoin and major cryptocurrencies fell sharply after Trump's address threatened escalated military action against Iran, reversing a previous rally. The ongoing conflict continues to create volatility in the market. Despite historical April gains, optimism is tempered by geopolitical tensions.

On April 1, the U.S. spot Ethereum ETF saw a net outflow of $7.02 million, with BlackRock and Fidelity being the main outflow sources, while Grayscale ETHE and other parts of the products pulled in inflows against the trend.

Driven by the impact of Trump’s hardline remarks toward Iran, the crypto market weakened, with Bitcoin and Ethereum falling to $66,609 and $2,056, respectively. Market panic sentiment intensified, and the Fear & Greed Index dropped to 8. War risk pushed energy prices up, suppressing the valuations of risk assets, and in the short term volatility in crypto assets could increase.

Trump recently said he would launch a fierce attack on Iran within the next few weeks. The market reacted strongly: the dollar rose while Asian stock markets fell. Nomura Securities warned that Asian currencies could weaken and that the risk of central bank intervention was increasing. Iran also countered Trump’s remarks, but they failed to ease tensions, and there has been no concrete commitment on the proposal to reopen the Strait of Hormuz. The United Kingdom plans to hold a diplomatic meeting to further negotiate.

U.S. President Trump threatened in a speech to launch even harsher strikes against Iran. The market reacted sharply: Bitcoin and the stock market fell significantly, and oil prices surged. Iran has no intention of backing down and is pushing for legislation on permanent tolls, showing that tensions between the two countries have not eased. The market believes a ceasefire cannot be achieved quickly.

Gate News message: On April 2, Onchain Lens monitoring shows that STO is up more than 200% over the past 24 hours. A newly created wallet extracted 11.76 million STO tokens from a certain CEX; at the time of extraction, the value was $2.94 million. At present, the value of this token is $6.99 million. In less than 24 hours, the wallet is up by $4.05 million.

Gate News, April 2, according to on-chain analysts monitoring, Brother Maji (address 0x020...872) currently holds 6,000 ETH on a 25x long position, with an entry price of $2,084.5 and a liquidation price of $2,040.5—only $13 away from the liquidation price. Previously, he had closed 1,700 ETH, incurring a loss of $48,000.