Trakx Weekly Update: April 7

Key Crypto Market Figures

CTIs Weekly Performance

After a relatively calm March, markets took a sharp downturn last week, with broad losses across both crypto and traditional equities. The Trakx Top 10 Crypto CTI fell by 9.5%, its worst weekly performance this year. The Bitcoin Control 15 CTI fared best, limiting losses to just -1.6%, thanks to its defensive, BTC-heavy allocation. On the other end of the spectrum, the AI Agents CTI plunged by 24%, weighed down by a sharp de-risking in AI-related tokens. The selloff came despite continued media buzz around AI advancements, as investors increasingly view these assets as overextended. The Recovery CTI also suffered, dropping 20.4%, underscoring the market’s flight from higher-beta narratives.

Extreme Fear Returns

The Crypto Fear & Greed Index plunged to 23, entering “Extreme Fear” territory for the first time since early January. While crypto often experiences sharp sentiment swings, this week’s reading is notable for aligning with a broader risk-off mood in global financial markets.

Tariff Shock Hits Risk Assets

The recent crypto downturn is not happening in isolation. Traditional stock markets also suffered sizable losses after the Trump administration implemented sweeping new tariffs targeting U.S. trading partners, including the EU, UK, and Canada. While these measures are aimed at boosting domestic exports, investors fear retaliatory actions, disrupted supply chains, and inflationary spillovers. The policy shock has led to widespread derisking across equities, commodities, and crypto alike.

Sources: Trakx, Coingecko, Alphavantage

Market Trends

• Crypto Fear & Greed Index falls to 23: ‘Extreme Fear’ grips market – Alternative.me
  
• Bitcoin drops below $75K as risk-off mood takes hold – CoinDesk
  
• Global stocks fall after Trump announces sweeping trade tariffs – Theguardian
  
• U.S. investors brace for retaliation after White House enacts new trade policy – Reuters
  
• China Reportedly Discussing Front Loading Stimulus to Counter Trump Tariffs – Coindesk

Trakx News

The Trakx team will be attending Paris Blockchain Week this week! If you’re in town and would like to connect, feel free to reach out to Lionel or a member of the team — we’d love to meet fellow builders, investors, and partners.

Trakx CTIs Performance

Sources: Coingecko and AlphaVantage

*Return of bitcoin is calculated since 01/05/2020, while CTIs performances were calculated since their respective launch date.
**Includes simulated performance.
***The risk signal is determined according to the historical volatility level, the higher the riskier.

Trakx is a global fintech company creating new standards for digital asset investments. Through our trading platform, we offer thematic Crypto Tradable Indices (CTIs) and customised solutions, providing sophisticated investors with a high degree of compliance, custody and liquidity.

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Disclaimers: No Investment Advice. Index returns and statistics are for illustration only. Index returns do not reflect any transaction costs or expenses. Past performance does not guarantee future results. The information provided in this newsletter does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the newsletter content as such. Trakx.io does not recommend that any cryptocurrency should be bought, sold, or held by you. Readers shall conduct their own due diligence and consult their financial advisors before making any investment decisions.