Market News as of April 12. Overall Situation**
Market capitalization ~$2.5 trillion (oscillating in a sideways trend after recent growth).
Bitcoin (BTC) dominance ~48% – BTC maintains leadership, but altcoins are gradually gaining strength.
Fear & Greed Index: "Greed" level (65–70), indicating moderately positive sentiment.
2. Bitcoin (BTC)
Price ~$70,000–$72,000 (consolidation after testing ATH of $73,800 in March).
Factors:
- Institutional interest (ETF from BlackRock, Fidelity continues to attract funds).
- Halving expectation (April 2024 has already passed, but the effect on supply remains).
3. Ethereum (ETH)
- Price ~$3,500–$3,700.
News:
- Activity in L2 solutions (Arbitrum, Optimism).
- Network upgrades (Dencun) have reduced fees, supporting demand.
4. Top Movers:
- Memecoins: Some projects (e.g., new tokens on Base or Solana) show sharp spikes.
AI tokens: FET, AGIX, RNDR correlate with news from the AI sector.
DeFi: UNI, AAVE – growth amid a revival in decentralized finance.
5. Macroeconomics
Dollar (DXY): Stable, but the US Fed keeps rates high, which may pressure risk assets.
- Correlation with S&P 508: Moderate.