- Overall market remains stable with a slight 0.14% gain despite a 0.97% drop in trading volume.
- Small-cap altcoins have shown impressive gains, with REEF leading at +116% and MASA at +57.2%.
- The market sentiment remains in the “fear” territory with an index reading of 33.
The crypto market remains steady at $2.79 trillion with minimal 0.14% growth over the past 24 hours, based on the latest update by CryptoRank. The steadiness occurs despite a 0.97% decline in the 24-hour spot trading volume, which stands at $35.28 billion.
President Trump has tried to calm market emotions by declaring that interest rates must come down. This perhaps suggests a more accommodating monetary climate that will generally favor risky assets, like cryptocurrencies. Despite these comments, top cryptocurrencies have not moved significantly, with Bitcoin rising only 0.38% to $84,715 and retaining its leadership status, accounting for 60.23% of the aggregate market capitalization.
The highest action is in the small-cap space, where all tokens have recorded double-digit increases. Leading the small-cap gainers is Reef Chain (REEF) with an increase of 116%. Its price has risen to $0.00046, and has a market cap of $19.4 million.
Other notable small-cap performers include MASA with a 57.2% increase; Sendcoin (SEND) up 31.6%; Kishu Inu (KISHU) rising 30.3%; and OpenLoot ($OL) gaining 30.2%.
Related: Schiff to Give Bitcoin Conference ‘Reality Check’ Similar to 2006 Warning
Among large-cap cryptocurrencies, Bittensor (TAO) stands out with a 10.8% gain, reaching $254.1 with a market capitalization of $2.19 billion. Other significant large-cap gainers include Artificial Superintelligence Alliance (FET) up 8.54%; Immutable (IMX) rising 7.54%; Hyperliquid (HYPE) increasing 5.57%; and Render (RENDER) climbing 5.18%.
However, not all cryptocurrencies have fared well. Several meme tokens, including FARTCOIN, BABY, and BERA, have each experienced drops exceeding 10%. Top altcoins are also falling. Ethereum ($ETH) falls 1.16% to $1,580, while XRP falls 1.69% to $2.06.
Market sentiment remains wary, with the Fear & Greed Index at 33, well within “Fear” territory. In the recent funding rounds, ORO AI has raised $6 million, while Neutrl and Glider have raised $5 million and $4 million, respectively.
Related: Solana’s UTXO Data Signals Key Support at $129 Amid Short-Term Price Range?
The industry has also witnessed major advancements on the infrastructure and technical side. Galaxy Research introduced a new voting mechanism designed to mitigate Solana inflation, which is likely to impact the token’s long-term value proposition. EigenLayer, on the other hand, enabled mainnet slashing on April 17.
Coinbase has also enhanced its platform by launching Solana wallets and upgrading its infrastructure with a 5x block processing speed. This enhancement allows users to access Solana-based assets more conveniently. The Bitcoin dominance level is 60.23%, a 0.25% rise from yesterday. Ethereum’s dominance, however, is reduced by 1.42% to 6.83%. This would indicate that money is being transferred back from altcoins to Bitcoin.
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