SECURE DIGITAL MARKETS
Daily Market Brief
Friday, April 24, 2026
Morning Edition · Generated by SDM Trade Studio
BTC / USD
$78,055
-0.34%
ETH / USD
$2,323
-0.34%
SOL / USD
$86.41
-0.00%
BTC Dom.
58.2%
BTC Funding
0.0082%
Longs pay
CME Basis
4.20%
6.8% ann.
Net ETF Flow
+$1,551M
Inflow
SDM Research · Institutional Digital Assets
BTC trades flat at $78,055 amid consolidative price action and elevated dominance
BTC Price
$78,055
-0.34% (24h)
Perp Funding Rate
1bp
Normalized · 8h rate
ETF Flow (24h)
+$1,551M
Net inflow
Perpetual funding rates normalize to 0.82% as speculative excess moderates across majors
BTC ETF inflows accelerate to $2.3B while ETH faces $734M outflows
CME basis tightens to 4.2% signaling institutional arbitrage activity convergence
Market awaits Core PCE and FOMC decision for directional catalyst
Bitcoin consolidates near key support as macro uncertainty weighs
Source: SDM Research · The Block · CoinDesk · Cointelegraph · Blockworks · Summarized by Claude (Anthropic)
Macro & Geopolitical
Global risk sentiment remains constructive with 10-year Treasury yields holding near 4.38% and S&P 500 futures indicating modest gains ahead of key economic data releases. Gold's rally to $3,042 reflects persistent safe-haven demand amid ongoing geopolitical tensions in Eastern Europe and Middle East flashpoints. Digital assets continue exhibiting reduced correlation to traditional risk assets, with Bitcoin's 58.2% dominance suggesting flight-to-quality dynamics within the crypto ecosystem itself.
10Y Treasury
4.38%
+2bps from prior close
S&P 500
5,284
+0.28% pre-market
Gold (XAU)
$3,042
+0.84% (safe-haven bid)
US Treasury yields stable at 4.38% supporting crypto carry trade dynamics
European energy security concerns maintain elevated Brent crude above $85 threshold
China manufacturing PMI expansion signals global growth stabilization benefiting risk assets
Middle East tensions contained but oil volatility premium persists affecting macro
Federal Reserve policy trajectory remains data-dependent ahead of May FOMC meeting
Source: Reuters · Foreign Policy · BBC World · The Guardian · CFR · Summarized by Claude (Anthropic)
Market Overview
Bitcoin consolidated around $78,055 with modest -0.34% decline as dominance held firm at 58.2% amid $2.69T total market capitalization. Altcoin performance remained mixed with XRP leading gains at +0.97% while major tokens exhibited subdued volatility patterns.
BTC Technical Analysis — Daily & 4H
$84,250$79,500$65,500$63,000$60,250
EMA 20EMA 50EMA 200
BTC Daily — 90 Days$78,003-0.36%
Range 30D
Draw
RSI (14)
BTC 4H — 30 Days$78,003-0.33%
Range 7D
Draw
RSI (14)
Source: Kraken Public OHLC API · EMA & RSI computed client-side · Key levels are indicative only
Top Coins — 5-Day Normalized Returns

Hourly close prices for 24 major cryptocurrencies, normalized to percentage change from the start of the 5-day window. Excludes stablecoins (flat line), BNB (not listed on Kraken), and HYPE/USDS/MNT (not available). Data: Kraken public OHLC API.

Done — 24/24 coins loaded
-4%-2%+0%+2%+4%+6%+8%Apr 19Apr 20Apr 21Apr 22Apr 23
NEAR+4.5%
BCH+4.3%
SHIB+4.0%
DOGE+3.6%
BTC+3.5%
PEPE+3.4%
HBAR+3.2%
AAVE+3.0%
APT+2.9%
AVAX+2.5%
XLM+2.4%
LTC+2.3%
ADA+2.0%
TON+1.7%
XRP+1.6%
LINK+1.4%
TAO+0.8%
SOL+0.6%
ETH+0.5%
SUI+0.0%
ICP-0.1%
DOT-1.0%
UNI-1.2%
TRX-2.8%
Source: Kraken Public OHLC API · Hourly candles · 24 coins · Normalized to % from T-5 days
Top 10 by Market Cap
1. Bitcoin (BTC)
$78,055
2. Ethereum (ETH)
$2,323
4. XRP (XRP)
$1.45
5. BNB (BNB)
$639.26
7. Solana (SOL)
$86.41
8. TRON (TRX)
$0.3259
10. Dogecoin (DOGE)
$0.0980
13. Hyperliquid (HYPE)
$41.10
15. Cardano (ADA)
$0.2517
16. Bitcoin Cash (BCH)
$460.69
Stablecoins — Top 5
Tether (USDT)
$1.0000
USDC (USDC)
$0.9998
USDS (USDS)
$1.0010
Dai (DAI)
$0.9996
USD1 (USD1)
$1.0000
Derivatives — Funding, CME Basis & Open Interest
Perpetual funding rates normalized to 0.82% for BTC and 0.61% for ETH, indicating reduced speculative positioning after recent elevated levels. CME basis compressed to 4.20% annualized, suggesting institutional arbitrage flows and convergence toward fair value amid $18.4B Bitcoin open interest.
Funding & Basis
BTC Perp Funding (8h)
0.0082%
ETH Perp Funding (8h)
0.0061%
CME Front-Month Basis
4.20%
CME Annualised Premium
6.80%
Open Interest
BTC Open Interest
$18.4B
Perps + Futures
ETH Open Interest
$5.2B
Perps + Futures
ETF Flows & Approval Odds
BTC ETF products captured $2.32B in net inflows while ETH ETFs experienced -$734M outflows, resulting in combined $1.55B net positive flows. The divergence underscores institutional preference for Bitcoin exposure amid uncertainty around Ethereum's regulatory classification and staking yield considerations.
Combined Net ETF Flow Today: +$1,551M USD — BTC + ETH + SOL Spot ETFs
BTC Spot ETFs
IBIT
+$1,757M
FBTC
+$244M
BITB
+$80M
ARKB
+$50M
BTCO
+$6M
EZBC
+$3M
BRRR
+$4M
HODL
+$34M
BTCW
-$1M
GBTC
+$97M
BTC
+$51M
Net Total+$2,323M
ETH Spot ETFs
ETHA
-$525M
FETH
-$52M
ETHW
-$18M
CETH
-$23M
ETHV
-$1M
QETH
-$0M
EZET
-$1M
ETHE
-$45M
ETH
-$67M
Net Total-$734M
SOL Spot ETFs
GSOL
-$11M
SOLZ
-$6M
SOLT
-$22M
Net Total-$38M
Polymarket — ETF Approval Probability
SOL ETF Approval (2025)
72%
Possible
XRP ETF Approval (2025)
81%
Likely
Multi-Coin Index ETF (2025)
54%
Possible
Economic Calendar
Market focus shifts to Core PCE data April 30th and subsequent FOMC rate decision May 6th as primary macro catalysts.
Upcoming Events (30 Days)
Apr 30Core PCE — Mar PCECPI
8:30 AM ET6d
Apr 30GDP Growth Rate Q1 2026 Adv.GDP
8:30 AM ET6d
May 1Non-Farm Payrolls — MayNFP
8:30 AM ET7d
May 6FOMC Rate DecisionFED
2:00 PM ET12d
May 6Fed Chair Press ConferenceFED
2:30 PM ET12d
May 13CPI YoY — MayCPI
8:30 AM ET19d
Source: Federal Reserve · BLS · BEA · SEC.gov
© 2026 Secure Digital Markets
Generated by SDM Trade Studio · sdm.co
This brief is prepared for informational purposes only and does not constitute financial advice. Digital assets involve substantial risk. Past performance is not indicative of future results.