According to Ultra_Calls, Bitcoin (BTC) fell 1.7% amid heightened Middle East tensions, with the CoinDesk 20 Index dropping 2.25%, as investors shifted to safe havens like gold. However, subdued U.S. inflation and expectations of Fed rate cuts starting in September, per the CME FedWatch tool, could drive BTC to $200,000 by year-end. Institutional demand and SEC openness to altcoin ETFs, such as solana (SOL), may support broader crypto market gains.

According to Francisco Rodrigues, Bitcoin (BTC) declined by 1.7% to $107,534.98 due to escalating Middle East tensions, as investors shifted to safe havens like gold, impacting broader crypto markets. Subdued US inflation data, with core inflation at 2.8%, increases the likelihood of Federal Reserve rate cuts starting in September, which could boost risk assets including cryptocurrencies, as per the CME FedWatch tool. Boris Alergant, head of institutional partnerships at Babylon, noted BTC trades as a risk-on asset but remains optimistic due to growing institutional demand, while Matt Mena predicts a $200,000 BTC price by year-end amid improving macro clarity.

According to Ai 姨 (@ai_9684xtpa), Canary Capital has submitted an application for a TRX spot ETF on April 19, marking TRX as the 13th cryptocurrency to file for a spot ETF following the approval of BTC and ETH ETFs. This indicates an ongoing trend of altcoin ETF applications sparked by the approval of Ethereum's ETF last May. Currently, several cryptocurrencies like SOL, XRP, LTC, and ADA are also in the race for spot ETF approvals.