The crypto market is broadly down; only the RWA sector is up slightly, at 0.42%.

On April 7, the crypto market fell broadly, with only the RWA sector up slightly by 0.42%. Major coins Bitcoin and Ethereum declined by 0.34% and 0.43%, respectively. Other sectors generally contracted, but some projects such as Creditcoin and Centrifuge rose against the trend.

Tom Lee has released a post-war asset ranking, with Ethereum outperforming the broader market to win second place.

Tom Lee said on CNBC that since the start of geopolitical conflicts, Ethereum has outperformed the broader market, posting a gain of more than 8% and ranking second globally. Wartime fiscal spending is expected to grow, which will provide support for the market. BitMine recently holds more than 4.8 million Ether—equivalent to more than 4.8 million Ethereum—showing bullish confidence and strategy.

Tom Lee: The crypto winter is about to come to an end, and BitMine is accelerating its purchases of Ethereum

Ethereum reserve firm BitMine has recently accelerated its purchases of ETH. Its ETH holdings have surpassed 4.8 million coins, and its asset size has reached $11.4 billion. The company’s chairman, Tom Lee, believes that the mini-crypto winter is nearing its end, and that ETH’s current price does not yet reflect its high usability and its position as a direction for future financial development. BitMine accelerates buying ETH BitMine disclosed its latest crypto holdings yesterday. As of April 6, BitMine holds assets worth $11.4 billion, including: 4,803,334 ETH 198 bitcoins $92 million in Eightco Holdings stock (ORBS) Beast worth $200 million

Gate Daily Report (April 7): SEC submits crypto “safe harbor” proposal to the White House; Argentina president and LIBRA call records exposed

Bitcoin gives back its gains on April 7, trading at $68,800. A U.S. SEC “safe harbor” proposal for crypto has been submitted for review by the White House. Argentina’s President Milei has been accused of having multiple calls with LIBRA’s founder, sparking a scandal. Bitcoin’s market volatility is high; it’s advised to control leverage to prevent large-scale liquidations.

Why is Bitcoin down today? Saudi petrochemical industrial facilities were hit, and Trump issued an ultimatum to Iran

Bitcoin (BTC) fell to about $68,800 on April 7, driven by geopolitical risks in the Middle East and Trump’s hardline remarks toward Iran. The Saudi explosion incident boosted global safe-haven sentiment, and technical indicators showed overbought pressure. In addition, Bitcoin’s key support lies in the $67,500 to $69,500 range; if it breaks below $66,000, the risk will widen to $64,000. Several analysts believe the pullback is more like a healthy correction rather than a trend reversal.

The Crypto Fear and Greed Index fell to 11 today, and the market is still in an extreme state of fear

Gate News, April 7: According to Alternative.me data, the Crypto Fear and Greed Index today dropped to 11, down further from yesterday’s 13. The market remains in an “extreme fear” state.