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Phemex Crypto Market Daily: Siren Surges 64% Amid Cautious Crypto Market; BTC, ETH Slip on Macro Risks (Apr 05)
Key Takeaways:
1. Macro Environment Escalating geopolitical tensions in West Asia have driven crude oil above $100/bbl, fueling global inflation and FX volatility. Iran's offer to settle oil in yuan challenges the petrodollar, raising de-dollarization risks. Japan's regulatory overhaul boosts institutional confidence, accelerating crypto market maturity and compliance. 2. Crypto Market The crypto market saw mild declines over the past 12 hours, with BTC down 0.51% to $66,855 and ETH down 0.70% to $2,038. Altcoins were mixed; SIREN (SIREN) surged 64.5% on high volume, Monero (XMR) rose 4.46% amid privacy demand, and JUST (JST) gained 1.54% on steady DeFi activity. Risk sentiment remains cautious due to macro headwinds and ETF outflows. 3. Today's Outlook Key events today include the US ISM Services PMI release, which may impact risk assets and USD volatility. The HYPE token unlock of 9.9 million tokens could introduce notable sell pressure. Block Inc. relaunches its Bitcoin faucet, aiming to attract new crypto users.
