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- ExtraOrdinal Daily #165 | Bitcoin Holds, But Can You?
ExtraOrdinal Daily #165 | Bitcoin Holds, But Can You?
XO Media | ExtraOrdinal Daily
April 04, 2025
4th April 2025 ||| Issue #165
ExtraOrdinals Daily Alpha is brought to you by @ExtraOrdinalsBTC.
All your Ordinal needs in one place!
Table of Contents
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Todays Top Stories
Editor: @PhoenixxDown
Bitcoin Holds, But Can You?
Well, yesterday was fun, eh? You good, pal? How you holding up?
The dust is finally settling on Trump’s tariff announcement, which the market reacted to... violently badly, to put it mildly. Not only did prices nosedive, but so did the mental health of many.
The vibes were DARK! Some were even calling for the end of the bull run. And with headlines like this, it’s understandable:
JUST IN: 🇺🇸 US stock market records its worst day in 4 years.
— Watcher.Guru (@WatcherGuru)
8:27 PM • Apr 3, 2025
For some perspective, yesterday’s drop ranked 5th worst in the past decade, with only the COVID crashes being more brutal:
NASDAQ is now down 5%, which will be the single biggest down-day of the past decade, outside of COVID.
— Stats (@punk9059)
6:04 PM • Apr 3, 2025
We all remember what happened after those 2020 crashes. If you don’t, go check the charts. Is history repeating?
Now that tempers have cooled and prices (without jinxing it) seem to be licking their wounds, let’s go over some key reactions and try to make sense of where we are.
Sanj with one of his classic thoughtful takes, zooming out beyond the short-term noise:
Bitcoin holding up surprisingly well compared to traditional markets with the tariff panic
Proposed tariffs mean there’s less incentive for countries to trade with US
Less trade with US dollars
Argument for emerging markets to use BTC over the US dollar strengthens
— Sanj 😶🌫️ (@sanjfomojis)
11:33 PM • Apr 3, 2025
Bitcoin showing insane strength despite the chaos:
#Bitcoin is the safe-haven asset once again.
Stock markets bleeding after the tariffs hit - and our coins hold strong.
Expecting prices to rally higher as soon as stocks find a bottom.
— Jelle (@CryptoJelleNL)
7:08 AM • Apr 4, 2025
On the flip side, a tweet that shook many: Bob Loukas hinting that the market could be shifting into a bear phase.
Bob has spent years documenting Bitcoin’s 4-year cycles, and a lot of his past predictions have been dead on. So when he even mentions bearishness, people listen; some with anger, others in denial, many with intrigue.
He later clarified that he’s simply leaning defensive, saying he’s “OK with a cyclical bear idea.” Translation: long-term bull would still be in play.
I’m starting to think we’re heading into a recession or bear market, maybe a milder one, but it’s looking likely. The administration’s been dropping hints that their policies could lead us here, and since they’re elected, it’s their right to follow through on that vision. We
— Bob Loukas 🗽 (@BobLoukas)
12:51 PM • Apr 3, 2025
And just as this is being written, China has announced additional tariffs on the USA. It looks like we’re not out of the woods yet by a long shot:
Bitcoin with some goblin town price action as China announces that they will impose additional 34% tariff on US goods
only Satoshi himself can save us now
— banditxbt (@banditxbt)
10:21 AM • Apr 4, 2025
Lastly, a solid, neutral piece of advice to leave you with.
Cred, who cuts through the noise, reminds you to keep it simple:
You probably don’t have a tariff/macro edge
Simplify your trading
Trade when people do stupid shit at obvious levels
Keep it short to medium-term
Trade less
— Cred (@CryptoCred)
8:40 AM • Apr 4, 2025
Most of us don’t have an edge here. We aren’t tariff experts, and we don’t have crystal balls. But what we can do is recognize when people are doing “stupid shit.”
For traders, keep your outlook short to medium-term.
To add to Cred’s point, for long-term holders, don’t let short-term news shake you out of your long-term convictions or grails. Unless you actually believe we’re entering a full bear market, then by all means do what you must. But think before you act, if not.
Top Posts | Join us at 11am EST for XO Weekly #12!
🎙️Get Ready for XO Weekly #12!
We'll be diving into:
🥴 Runes take another beating. But is it over?
🗞️ How is Bitcoin faring amidst the tariff news?
📉 Market insights w/ @CryptoLandy
Set reminders!🔔
Drop your questions below!👇— ExtraOrdinals (@ExtraordinalBTC)
11:20 AM • Apr 4, 2025
Top Posts | Satflow Day 4: List and trade assets on Bitcoin INSTANTLY! This is huge!
Mempool trading for Ordinals and Runes are now LIVE on Satflow!
List/trade your assets INSTANTLY without waiting for ~10 min Bitcoin blocks.
ETH/SOL-like speeds, now on Bitcoin L1. 👇
— Satflow (@Satflow_)
4:38 PM • Apr 3, 2025
Top Posts | Magic Eden has moved the Runes tab, formally visible on the homepage:
How do you feel about @MEonBTC updating #Runes tab?
Do you like the update or miss the front page feature?
— Vincent (Cryptolution) 👑 (@cryptolution101)
9:56 PM • Apr 3, 2025
Top Posts | SUI is the latest network helping to build out BTCfi:
Mark my words, we're about to witness #Bitcoin₿ evolve from a store of value into a global financial engine, powered by @SuiNetwork.
CC: @Aeon_HQ, @ikadotxyz, @Lombard_Finance, @goNativeCC
— Adeniyi.sui (@EmanAbio)
1:25 PM • Mar 31, 2025
Top Posts | All you need to know about Berachain:
Never Heard of Berachain? Here’s Why You Will Soon
:45 $BERA bull @YabaDeluxe
1:20 🔋 @wasabi_protocol
2:50 @berachain POL explained
4:25 My wife minting @steadyteddys for me
7:20 BeraHub
9:00 Bribing for
11:38 Wasabi offering 115% APY with $BGT emissions
12:30 Vaulting on— Chris ☕️ (@ChrisCoffeeEth)
11:17 PM • Apr 3, 2025
Top Posts | Some staggering stats regarding how much BTC miners have benefited from Ordinals and Runes:
Ordinals have paid 7,035 BTC in fees, equivalent to USD $600,000,000-$750,000,0000 in only two years.
Runes have paid 2,700 BTC in fees, equivalent to ~USD $230,000,000-$290,000,000 in less than one year.
That’s basically USD $1 billion that has gone directly to miners,
— Juanse is a Wizard (@The0xJuan)
3:37 AM • Apr 4, 2025
Top Posts | Cross chain swaps on Magic Eden web are now live:
Cross chain swaps on web are LIVE!
Instantly swap between all major chains like Solana, Bitcoin, Ethereum and Base.
More EVM chains will be added in the coming weeks!
The 1% $ME community had exclusive access to beta test this feature 👀
— Magic Eden Community (@MagicEdenComm)
5:19 PM • Apr 3, 2025
Daily Bites: Today’s Top Articles
Todays Markets
Ordinals
Another day of nothing much to cheer about as NFTs across all chains go through a capitulation event.
Ordinals, sadly, are no different. Quantum Cats just had their own come-to-Jesus moment, now dropping below 0.04 BTC.
The only gainers? Taproot Wizards, barely, with a 0.1% increase (holding steady is basically a win today), and Runestone, up 2%.
A new entry, Enigma, a collaboration between Vivid Gallery and OnChainMonkey, sold out yesterday.
Later today, Bitcoin Eternals begins minting in just a few hours, with a mint price of 0.004444 BTC.
Runes (Bitcoin Memecoins)
Lord have mercy.
The best performer of the day is $BIP, which neither goes up nor down. Again, a solid win.
On the other end of the spectrum: $PUPS, down 13% and now barely holding above the $15M market cap.
$PUPS always seems to get hit hardest in times like these, maybe because it’s so easily accessible on the chain sellers love to use: Solana. Who knows!
Once again, OdinFun is thriving, proving that ease of selling matters, but unlike Solana, market participants over there actually seem to know where the buy button is!
OdinDog bounces back after yesterday’s dip, up 21%
OdinCat follows with 20% gains
Satoshi leads the pack, up 29%
And $SPARKS makes its way back into the top 10 after a short absence.
Todays Opportunities
Giveaways
There are currently four raffles live, so join the Discord below and make sure you have notifications on so you don’t miss out!
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