Buckle up—global markets are shifting, and crypto’s at the center of it all. From a $5 trillion stock wipeout to Fidelity’s bold retirement play, this week’s roundup dives into the moves you need to know about. Bitcoin’s proving its mettle, Jetking’s betting big in India, and stablecoins are hitting mainstream retail. Here’s what’s happening.
The $5T Shock Test
The S&P 500 took a brutal hit last week, shedding a record $5 trillion in just two days after Trump’s surprise tariff announcement sent shockwaves through Wall Street. Bitcoin, though? It barely flinched, dipping a modest 3.7%. Analysts are buzzing—this could mark a turning point.
Bitcoin’s resilience hints it might be shedding its “risk asset” label and inching toward safe-haven status. With Trump’s tariff push threatening to weaken fiat currencies and stoke inflation fears, Bitcoin’s fixed supply is starting to look like a beacon of stability. Over the past week, BTC held firm above $80K despite the chaos, signaling robust demand and structural buying even in turbulent times.
Looking ahead, analysts are optimistic. With a growing money supply and shifting perceptions, Bitcoin could climb past $132K by year-end. For investors eyeing global volatility, this might just solidify BTC as a long-term portfolio must-have.
Markets are moving fast in the wake of Trump’s actions, and staying ahead of these shifts is key to keeping your portfolio in the green. For real-time market updates, trade signals, and community insights, check out the official Mudrex Telegram channel.
An Indian Bitcoin Treasury in the Making
Over in India, Jetking—a publicly listed IT firm—made waves by approving a ₹6.6 crore fundraise. The twist? It’s not for new servers or software—it’s to buy Bitcoin. Jetking’s diving headfirst into crypto, planning to expand its Bitcoin treasury, snap up more digital assets, and even launch crypto training programs.
The company’s selling shares at a premium to strategic investors, with full board approval and regulatory compliance locked in. This isn’t just a one-off—it’s one of India’s first serious corporate crypto treasuries, mirroring bold moves by global players like MicroStrategy. Jetking’s Web3 pivot could spark a domino effect, nudging other Indian firms to view crypto as a treasury or diversification play. In emerging markets, this could be a game-changer for mainstream corporate adoption—and demand.
You Can Now Buy a PS5 With USDC
Sony’s Singapore store just dropped a bombshell: You can now pay with USDC, the second-largest stablecoin, thanks to a partnership with Crypto.com. Want a PlayStation 5 or some sleek electronics? This U.S. dollar-pegged stablecoin’s got you covered, with transactions enabled through Crypto.com’s regulated payment services in Singapore.
This is more than a gimmick. USDC’s acceptance by a major brand like Sony signals growing trust in digital payments, pushing stablecoins beyond speculation into real-world utility. When big retailers jump on board, it’s a confidence boost for crypto as a legitimate medium of exchange—not just a volatile asset. Expect more stablecoin use cases to pop up as this trend gains steam.
The Crypto Retirement Plan
Fidelity, a titan in asset management, is shaking up retirement planning. Its new “Fidelity Crypto IRA” lets investors tuck Bitcoin, Ethereum, and Litecoin into their retirement portfolios—with zero maintenance or custody fees and a slim 1% trade spread. Whether you’re into Roth, Traditional, or Rollover IRAs, there’s tax flexibility baked in for long-term strategists.
For now, it’s limited to U.S. residents in eligible states, but Fidelity’s involvement is massive. This move opens the door for millions of retirement investors to dip into crypto, potentially funneling serious long-term capital into digital assets. A regulated, user-friendly option like this could be the spark that lights up mainstream adoption through trusted financial channels.
Becoming Better at Crypto
You asked, and we listened: Every week, we’ll drop a nugget of wisdom to sharpen your crypto skills. This week, it’s all about dodging the scams lurking in the crypto jungle.
Here’s why staying scam-savvy is a must:
- Crypto’s bull runs bring out the wolves—think rug pulls, fake NFT platforms, and wallet-draining malware.
- The scam playbook is vast, from phishing tricks to Ponzi schemes posing as legit projects. Knowing the top culprits can keep your funds safe.
- Not every opportunity is gold. Hype can hide a trap, and spotting the difference is your edge. Understanding how these scams operate and their warning signs is your shield.
Explore more below:
- 8 Common Crypto Scams to Watch Out For
- 10 Most Common Crypto Scams & How to Avoid Them
- TreasureNFT Exposed: Is This NFT Platform a Scam or a Legit Opportunity?
- StilachiRAT: The Dangerous Crypto Wallet Malware Stealing Your Funds
- What Are Crypto Rug Pulls? How To Avoid Them?
What’s Next? Tariffs, Hearings, and Inflation
Trump’s latest tariff salvo has rattled crypto markets this week, with prices dipping
as investors grapple with uncertainty over how targeted countries might retaliate. But while this has sparked some short-term volatility, the bigger picture could favor crypto. Trade tensions like these often fracture global finance, making decentralized alternatives like Bitcoin more appealing. When tariffs erode confidence in traditional currencies, BTC’s borderless, government-agnostic nature shines as a potential safe haven.
Looking ahead, two key events this week could shape the crypto landscape. On Wednesday, April 9, the U.S. hosts a hearing on crypto regulations. This could deliver critical updates on how lawmakers plan to approach the industry—clarity here might ease uncertainty or, conversely, tighten the screws. Then, on Thursday, April 10, the U.S. CPI inflation data drops. Why does this matter? Inflation numbers sway the Federal Reserve’s interest rate decisions, which in turn influence investor appetite for riskier assets like crypto. A hotter-than-expected report could dampen risk sentiment, while cooling inflation might fuel a rally.
From Bitcoin’s defiance in the face of a $5 trillion stock meltdown to Jetking’s treasury play in India, crypto’s proving it’s no longer just a fringe experiment. Sony’s USDC move and Fidelity’s retirement push underscore a shift toward utility and legitimacy. Meanwhile, Trump’s tariff gambit might just be the kind of chaos that nudges more capital into decentralized assets.
