Gate Square Daily | April 1

1️⃣ Market Trends: Gold briefly rose to $4,706, major European stock indices generally increased, market panic sentiment eased, and the volatility index (VIX) declined.
2️⃣ Crypto Market: Historical data shows that Bitcoin has never experienced six consecutive months of decline. In March this year, the return was approximately 1.62%, and market sentiment remains resilient.
3️⃣ Policy Updates: The first batch of compliant stablecoin licenses in Hong Kong may be delayed. The Hong Kong Monetary Authority responded that relevant work is still being actively pushed forward.
4️⃣ Energy Market: The White House is evaluating extreme contingency plans if oil prices break through $150, and may invoke emergency powers if necessary to curb fuel costs.
5️⃣ Institutional Views: Against the backdrop of US-Iran conflict, the narrative of Bitcoin as a “safe-haven asset” faces short-term challenges, and ETF capital flows are gradually reshaping market pricing logic.