The cryptocurrency market appears to be showing some positive momentum over the last week, with the global market capitalization reported around $3.03 - $3.04 trillion USD. However, there's a slight decrease in the last 24 hours.
Some sources describe the sentiment as cautiously optimistic.
Key Trends and News:
Bitcoin (BTC) is trading around the $93,000 - $95,000 USD range, showing some gains over the past week and even reaching a 6-week high recently. Institutional demand through Bitcoin ETFs seems to be a significant driver.
Ethereum (ETH) is hovering around the $1,700 - $1,800 USD level, also showing weekly inflows into its ETFs for the first time since February.
The US SEC has approved the launch of XRP Futures ETFs expected on April 30th, which is generating some positive sentiment around XRP.
There's increasing discussion around stablecoins and their potential role as major holders of US Treasuries.
Regulatory developments continue to be a key focus, with discussions around potential transatlantic power struggles in crypto regulations and the FDIC's new crypto guidance for US banks.
AI-related tokens have seen significant volatility, with some surges and declines.
North Korean cyber operatives are reportedly targeting crypto developers through fake US companies.
Tether has increased its stake in the Italian football club Juventus.
Top Cryptocurrencies by Market Cap (Approximate):
#Bitcoin (BTC): ~$1.86 - $1.88 Trillion
#Ethereum (ETH): ~$216 - $217 Billion
#Tether (USDT): ~$147 Billion
#XRP (XRP): ~$128 - $132 Billion
#BNB (BNB): ~$85 - $88 Billion
Solana (SOL): ~$76 - $77 Billion
USDC (USDC): ~$62 Billion
Dogecoin (DOGE): ~$26 - $27 Billion
Cardano (ADA): ~$24 - $25 Billion
TRON (TRX): ~$23 Billion
Top Gainers (Past 24 Hours - Highly Volatile):
Keep in mind that the top gainers can change rapidly, but some mentioned include:
Api3 (API3)
Numeraire (NMR)
Pudgy Penguins (PENGU)
Function X (FX)
Monero (XMR)
Important Note: The cryptocurrency market is highly dynamic. The information above provides a snapshot of the current situation, but things can change quickly.
