IntoTheBlock: Ethereum MVRV drops to 1.01, the lowest since October 2023, usually marking a local bottom

Nasdaq-listed bitcoin miner CleanSpark has announced an unaudited bitcoin mining and operations update for March. The production of bitcoins in March was 706, an increase of 13% month-on-month. The hash rate reached 42.4 EH/s, an increase of 4.2% month-on-month. Total bitcoin holdings as of March 31 were 11,869. The company sold 14.23 bitcoins at an average price of about $87,742 per bitcoin.

U.S. stocks opened with the Dow down 1.1%, the S & P 500 down 2.5% and the Nasdaq down 3%. Technology stocks continued to come under pressure, with Apple (AAPL. O) falling 5% and its market value falling below $3 trillion. Amazon (AMZN. O) fell 6.2%, NVDA (NVDA. O) fell 2.4%. DuPont (DD. N) fell 11.4%. Popular Chinese stocks fell, with many falling between 5% and 10%.

According to Whale Alert, 50 million USDCs were destroyed in the USDC Treasury.

On April 4th, according to Cointelegraph, the IntoTheBlock report shows that although the entire cryptocurrency market cap fell by 19% in Quarter 1 2025, the total supply of stablecoins increased by more than $30 billion in Quarter 1. IntoTheBlock analyst Juan Pellicer said that the increase in stablecoin supply reflects a "cautious stance, with investors holding stablecoins as a hedge and possibly waiting for market stability or a better entry point".

On April 4th, according to Coindesk, GameStop Chairperson and CEO Ryan Cohen purchased 500,000 shares of GME for $10.78 million. The acquisition brings Cohen's total holdings to 37,347,842 shares, accounting for about 8.4% of GameStop's outstanding shares.

US President Donald Trump commented on the non-farm payroll data: Great jobs data, much better than expected.

12:00-21:00 Keywords: tariffs, US stocks, non-agricultural employment 1. President Trump told investors that my policy will never change. China has imposed a 34% tariff on all imports originating in the United States. 3. Nasdaq 100 futures are down 20% from their all-time highs. The US stock market panic index hit a new high of 4.5 years, and the market increased the Federal Reserve's interest rate cut bet. 5. The U.S. non-farm payroll 228,000 after the March quarter adjustment, higher than expe...

Lindsay Rosner, head of multi-fixed income at Goldman Sachs Asset Management, said: "Today's better-than-expected jobs report helps ease concerns about an immediate weakening in the US labour market." However, this data is now just a side dish, and the main course of market attention is: tariffs. "

President Trump told investors that my policy will never change.

The U.S. economy added jobs much more than expected in March, but Trump's tariffs could test the resilience of the labor market in the coming months amid falling business confidence and a stock market sell-off. Nonfarm payrolls added 228,000 jobs in March. The unemployment rate rose to 4.2 percent from 4.1 percent in February. Economists expect the impact of reciprocal tariffs could show up in the April jobs report. Retail payrolls are most likely to fall as consumers curl up amid rising prices....

According to market news, grey release has filed Form S-1 for the Solana ETF with the SEC.

US stocks MicroStrategy (MSTR) turned from a decline to a rise before the market, with the current pre-market gain of 0.28%.