The cryptocurrency market has displayed mixed signals over the last 24 hours, with the total market capitalization holding near $2.6 trillion. According to the latest data, the market cap saw a modest 0.11% increase to $2.6T, while 24-hour trading volume surged by 9.02% to reach $150.53 billion. The Crypto Fear & Greed Index currently sits at 59 points in the 'Neutral' zone, approaching 'Greed' territory.
Bitcoin (BTC) slipped below the $78,000 mark and is currently trading at around $77,500–$77,670, reflecting a slight decline of 0.28% to 0.5% over the past day. BTC's market dominance decreased to 58.2%, while its market capitalization remains steady at approximately $1.55 trillion. Despite the recent dip, Bitcoin recorded a positive week, briefly challenging the $80,000 level on April 22 after US President Donald Trump announced an extension of the ceasefire between the United States and Iran.
A popular analyst noted that BTC's Bollinger Bands have recorded a historical squeeze on the monthly chart, which is often seen as the calm before a major move. It remains unclear whether the potential breakout will favor the bulls or the bears.
Ethereum (ETH) saw a more notable decline, dropping by 1.73% to trade at $2,306.49, with its market dominance at 10.9%. Among altcoins, Algorand (ALGO) led the winners with an 8% daily gain, followed by DeXe (DEXE) and Cosmos (ATOM) with 5% and 4% increases, respectively. However, MemeCore (M), which was at the forefront of gains earlier this week, collapsed by 15% in the past 24 hours. Stable (STB) and Monero (XMR) also declined by 5% each.
The top gainers of the day include Tesla (TSLA) with a staggering 532.71% rise to $76.83, Felis (FELIS) with a 509.42% increase to $0.0000003556, and SORA GROK (GROK) surging 467.74% to $0.02985.
The DeFi total value locked (TVL) rose slightly by 0.14% to $84.346 billion, although Lido, the top DeFi project by TVL, saw a 0.94% decline to $21.872 billion. Ball Exchange recorded an extraordinary 257,767% jump in 1-day TVL change. In contrast, NFT sales volume dropped sharply by 25.05% to $6,463,028, with the top-selling NFT collection '0xbb5…ca16f' down 6.42%.
In other developments, the Balancer exploiter, responsible for stealing $120 million, resumed activity after five months, swapping 1,100 ETH into BTC via THORChain. Separately, the U.S. Department of Justice charged Army soldier Gannon Ken Van Dyke with using sensitive information regarding the capture of Nicolás Maduro to earn $400,000 on Polymarket. Metaplanet also announced it raised over $50 million to purchase more BTC.
