With US markets closed for a holiday, the weekend arrived early for cryptocurrency traders. Yesterday’s remarks from Donald Trump had already dampened investor optimism, and with a notable drop in market volume, most analysts expect further downward movement in the coming hours. But what important developments have unfolded in the past 24 hours?
Market overview: employment data and trading dynamics
As many had feared, the latest economic reports from the United States highlight robust employment figures. Unemployment rates have continued to decline, and non-farm payrolls delivered significantly stronger numbers than anticipated. The effects of policies announced by Trump—referred to by some as the beginning of a new economic “war”—will become clearer on inflation in the week ahead. As this happens, the overall outlook for cryptocurrencies could deteriorate further.
With the US taking a holiday break, the crypto market has been left to trade in isolation, and thinning volumes are likely to magnify any shifts in sentiment. The upcoming inflation data due on April 10 has also created anxiety among investors, and we could witness increased selling activity over the next several hours. When volumes are shallow, these moves can trigger outsized losses across digital assets.
Still, the world of crypto is known for its unpredictability. History has shown that when almost everyone expects Bitcoin to move in a particular direction, it is not uncommon for the market to surprise and move the opposite way. Such surprises, while less likely when sentiment is one-sided, remain a key feature of these markets.
Looking ahead, the probability of the Federal Reserve cutting rates by 25 basis points in December 2026 is just above 20%, based on current market expectations. The only Fed meeting where a rate cut is widely seen as a certainty is in December 2027, underscoring the market’s cautious outlook towards near-term monetary easing.
Key developments in the crypto industry
Donald Trump has announced the largest defense budget since the Second World War—totaling $1.5 trillion. Hyundai plans to invest $26 billion in the United States, a move that has been welcomed despite recent tariff decisions from the Supreme Court. The investment is also expected to create 25,000 jobs, potentially giving the Federal Reserve more room to maneuver.
Elsewhere, the International Monetary Fund (IMF) has highlighted the growing impact of tokenization on traditional markets, warning of new risks that it brings. On the regulatory side, Coinbase has received conditional approval for a US national trust charter. Microsoft has announced a $10 billion investment in AI data centers in Japan, cementing its ambitions in the artificial intelligence race. Meanwhile, tensions are rising in the Gulf region, as Iranian operations have reportedly targeted US tech giants’ local data centers, with industry watchers speculating over which company might be next after Oracle and Amazon.
In other notable moves, Kentucky lawmakers have removed anti-self-custody language from crypto-related legislation. Telegram’s Wallet platform has launched leveraged trading up to 50x across more than 50 markets, signaling ongoing innovation in the sector. Grayscale has submitted an S-1 amendment for a Bittensor (TAO) trust, and OpenAI has expanded its portfolio by acquiring the TBPN media platform.
