Fear and Greed Index
The "Fear and Greed Index" decreased by 4 points to 75 out of 100, suggesting selling activity. However, the market sentiment remains mostly positive, staying at 70.
Recent Market Trends
- Bitcoin has maintained its level around $67,500 after the release of Non-Farm Payroll Data on Saturday, showing resilience amidst market changes.
- Some altcoins like Near Protocol (NEAR), Dogecoin (DOGE), Pendle (PENDLE), Worldcoin (WLD), and Injective (INJ) experienced value increases recently.
- The CORE token demonstrated remarkable performance, with a surge of over 11.84% in the last 24 hours.
- Conversely, the Mantle token saw a significant decline, dropping over 5.38% in the same timeframe.
- The total cryptocurrency market volume within the past day was $92.05 billion, marking a 4.16% decrease.
- DeFi volume accounted for $8.44 billion, representing 9.17% of the total 24-hour crypto market volume.
- Stable coins reached a volume of $84.65 billion, comprising 91.96% of the total 24-hour crypto market volume.
- Bitcoin's dominance currently stands at 52.69%, showing a slight decrease of 0.17%.
Global Updates
- Ahead of South Korea's parliamentary election, political parties are making promises to attract crypto traders' support.
- US employers added 303,000 jobs in March, surpassing expectations and indicating a strong end to the first quarter.
- AI chatbots like ChatGPT are facing copyright challenges for using copyrighted content to generate new materials.
- The merging of gaming and cryptocurrencies raises concerns about consumer protection, with proposed regulations to oversee digital transactions.
- Genesis, a bankrupt crypto lending firm, sold shares of Grayscale Bitcoin Trust (GBTC) to acquire more Bitcoin.
- ZA Bank in Hong Kong plans to offer banking services to stablecoin issuers once approved by the HKMA.
Coingabbar does not provide financial advice. Users should conduct their research and be aware of risks before investing in cryptocurrencies.
