• ISM data showed a decline in non-manufacturing PMI from 52.6 to 51.4, marking the second consecutive monthly drop after a January rebound.
• The Federal Reserve aims to keep inflation below 2% and plans to maintain current interest rates for an extended period, affecting Bitcoin and altcoins with selling pressure.

Key Event to Monitor

Forex Factory

Cryptocurrency Sentiment Indicator:

Over the last 24 hours, the "Fear and Greed Index" dropped by 1 point to 70 out of 100, indicating increased selling pressure. Despite this, the overall market sentiment remains positive at 70.

Recent Market Overview

• Bitcoin and Ethereum saw losses post-release of U.S. data.
• Apecoin (APE), Dogecoin (DOGE), Stacks (STX), Pepe (PEPE), and Floki (FLOKI) also experienced declines.
• Ethena token had the highest gain of 24.10% in 24 hours.
• Dogwifhat (WIF) token experienced the most significant loss of 10.18%.
• Total crypto market volume in the past 24 hours was $95.63 billion, down by 23.59%.
• DeFi volume was $12.17 billion, comprising 12.72% of the total.
• Stablecoin volume reached $89.55 billion, making up 93.64% of the total.
• Bitcoin dominance increased slightly to 52.17%.

Global News Update

• Federal Reserve Chair Jerome Powell hinted at a possible rate cut later in the year despite good U.S. economic indicators and rising inflation. Some expect rate cuts to be postponed until after the presidential election.
• U.S. services industry growth slowed further in March, suggesting positive inflation prospects.
• Irina Dilkinska received a four-year prison sentence for her involvement in the OneCoin scam.
• Bitcoin ETFs experienced net inflows after a week of outflows in March.
• Bitcoin Cash went through its second halving, reducing miner rewards.

Robert Kiyosaki expressed concerns about inflation challenges faced by the Federal Reserve.

COIN GABBAR's Insights: What could be the BTC price movement ahead of the halving event? Can Bitcoin reach over $100K before the halving? Will BCH see a correction post-halving or stabilize? Considering BTC at $65K, is there a possibility of further decline? For the latest updates, follow coingabbar.

Disclaimer: Coingabbar's information and chart analysis on cryptocurrencies are for educational purposes only and not financial advice. Users should do their research, exercise caution, and understand the risks involved. Coingabbar is not liable for financial losses. Cryptocurrency markets can be volatile, so users should seek professional advice and assess their risk tolerance.

Also Read: Crypto News April 03: Crypto Impact of U.S. Data Awaited