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Market declines are accelerating, with the S&P / QQQ down another 3% so far today. The Hang Seng was down 13% and crypto also began to sell off sharply again with BTC down 7% to $77k, ETH down 15% to $1.5k and SOL down 11% to $102. SOL/BTC has seemingly lost support, and looks like it has much further to go (while ETH/BTC is almost at 2020 lows).

The US Fed is having an (emergency) meeting today and Trump is calling for them to cut interest rates. Yields have barely moved since Friday but key inflation commodities like Oil have gotten absolutely crushed (which could eventually be bullish). For now, Trump is saying markets need to “take their medicine” which seems quite bearish. Alts also got clobbered on the day, with the worst performing top 100 alts including BERA, ZEC, MKR, MOVE, ETH and Sonic, were all down 14%+. BTC dominance is blowing out and wicked to 64% highs while OTHERS dominance wicked below the 2023 bottom.

Chart of the Day with Vertex

As Trump crushes markets and the global economy, shorting the TRUMP token into its $350m+ unlock on 4/17 may still be a decent trade here. Try app.vertexprotocol.com and trade TRUMP with up to 10x leverage.

In the smaller cap space, LUCE, RFC and titcoin were the most notable outperformers on the week.

Even on the day, RFC, LUCE and titcoin showed strength in the current market bloodbath.

Fartcoin and RFC were mindshare leaders on the day.

While SOL is starting to lose trench volume share again to BSC and ETH.

TG trench trading volumes are now below the average levels of 2023, illustrating the full cleanse away from new token gambling.

Interesting accounts getting smart follows:

• adaptive

• DARK

• Medicoin

• Fibo

• Coreon

• Sim Studio

• Caer Finance

• Mother Computer

In Partnership with $IO

Interesting read from Nansen on $IO

SMART MONEY CORNER - Presented by chainEDGE

• Fartcoin and titcoin are the only tokens smart money holds in any size at this point

MEME OF THE DAY