🔺The market is back in the red zone: while BTC is down by -0.5%, Ethereum is losing -1.5%, dragging top altcoins down by -3..7%. Almost everything is falling: only coins ATOM and ZRO are gaining +7%, and the token GRASS surged by +18%.
🔺In yesterday's plunge, the S&P index updated a 7-month low and set an anti-record for a single-day drop of -4.8%. The betting platform 'Polymarket' is already pricing in a 56% probability of a recession this year. However, there is some positive news: the head of the Fed (for the first time in a long time) has begun talking about the need for an urgent rate cut. Is Trump achieving his goals?
🔺Yesterday, Bitcoin dominance reached 63%, causing the ETH/BTC pair to break a new low at 0.0213. Altcoins continue to weaken and currently show no hints of a quick recovery; experts believe (that in this range) it is worth showing maximum activity and averaging down on acquiring assets.
🔺Despite the terrible chart, the Starknet project shows excellent results in developer activity: the number of updates and new partnerships is among the highest among L2 solutions. Remember Solana: the worse the chart performs, the better it grows afterward?
🔺Ethereum returns to the lead in trading volume on DEX platforms, surpassing Solana. In March, the trading share for Ethereum was 26.3% of the market, while Solana's was 21.4%👇
