Daily Market Recap – April 3, 2025

Market Overview

• Bitcoin Plunges: BTC dropped from $93K to $86K, with dominance at 58.1%, and the Fear & Greed Index at 44.

• Stablecoins Hold, Altcoins Weaken: USDC, TUSD steady; altcoins are under pressure, and Justin Sun rescues TUSD.

• Tokenized Gold Surges: Market cap hits $1.2B as gold exceeds $3K/oz, led by $XAUT, and $PAXG.

Daily Market Recap – Key News

• CZ on AI Agents: CZ claims only 0.05% of AI needs tokens, and urges focus on practical products.

• Trump-Linked Stablecoin Controversy: Rep. Waters slams Trump’s stablecoin at Congress, citing financial risks.

• Circle Plans IPO: Circle gears up for IPO, boosting crypto legitimacy.

• Fidelity Launches Crypto IRA: Fidelity introduces fee-free IRA for BTC, ETH, and LTC, pushing mainstream adoption.