Market Vybe #12
Trump Admin Flip-Flops on Tariffs. Crypto shows signs of life.
👉 Weekly Recap
Gooood Morning Vybers,
The US–China trade war is in full swing, and it's playing out like a high-stakes poker game with neither side willing to fold.
As a result, the stock and crypto market has been getting tossed around. The 90-day tariff pause has provided some relief, but investor confidence is noticeably fading. In addition, the US bond market is in trouble with yields SPIKING and pressure is mounting for the Fed to step in.
Buckle up for another alpha-filled issue of Market Vybe.
TECHNICAL ANALYSIS
At the time of writing, Bitcoin is at $85K and rebounding nicely. Bitcoin looks like it’s breaking through the purple resistance line. It’s next challenge will be to get a ‘daily close’ above $88K. If that happens, it’s GAME ON.
Solana is currently trading at $131. With Bitcoin, it’s clear that the bull market is still intact, however during this recent pullback most altcoins erased 50% or more from their all time highs. As a result, the charts are more uncertain.
It looks like Solana wants to form a head-and-shoulders reversal pattern, so I’m predicting one more mini dip before the chart shoots back up towards the yellow trendline and finds some resistance in the mid $150 range. Here’s how I think it could play out 👇
Last week, the U.S.-China trade war intensified as the Trump administration escalated tariffs on Chinese goods to 145%. China retaliated by raising tariffs on U.S. imports to 125%, including banning all export of rare earth metals (which are essential for battery and E.V.’s).
The markets got some relief on Saturday when a few critical industries, like consumer electronics, were granted exemptions. Consumer electronics (e.g. computers and cell phones) make up 35% of all US imports from China.
Did the bond market influence tariff decisions?
After Trump announced the sweeping tariffs, bond yields spiked hard. The 10-year U.S. Treasury yield jumped from 3.9% to 4.5% — a 15% increase — while 30-year yields briefly crossed the 5% mark, up more than 17%, signalling rising fears of both inflation and a recession.
Why does this matter? Because higher yields makes borrowing more expensive, from mortgages to corporate loans, this puts serious stress on the financial system. Even worse, the U.S. has $9 trillion in debt that needs to be refinanced this year. If rates stay high, this becomes way more costly, putting pressure on the government’s already strained budget.
So the White House blinked. Within 14 hours of China’s retaliatory tariffs kicking in, Trump paused the additional tariffs — announcing a 90-day delay to calm the markets and give trade negotiations more time.
The Whitehouse denies insider trading allegations.
Right before the S&P 500 (SPY) spiked, someone bought a huge number of call options (bets that the index would go up that same day). These were zero-day options, meaning they expire worthless by the end of the day unless SPY rose quickly.
At the time, they were almost worthless. Then Trump announced the 90 day tariff delay and the markets shot up. Those dirt-cheap options exploded in value. A $100K bet turned into $21 million in minutes.
Mantra DAO exits stage left
On April 13th, A major RWA project Mantra DAO crashed 90% in hours, erasing $6 Billion in market value. The team attributed the fall to "reckless forced liquidations" by centralized exchanges during low-liquidity trading, with no specific exchange/culprit named.
If you ask us, a multi-billion coin doesn’t just fall 90% in hours for no-reason.. This whole situation stinks.
👉 Solana News
SOL/ETH ratio closes at all time high.
Fartcoin ($FARTCOIN) surged over 66% this past week and 160% in the past month, reaching $0.9273, despite broader market volatility driven by U.S.-China tariff escalations. It outperformed every coin in the top-300 by Market Cap
Memecoins are back? Pee Pee Poo Poo ($PPPP) surged 8,600% and hitting a market cap of $8 million, before sharply retracing. Furification ($FUR), which launched less than 12 hours ago, is up 9,600%, at $5.3 million. We are a VERY SERIOUS industry. 😂
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