Today, the broader crypto market witnessed a rebound. Its market value rose by 0.15% to $2.7 trillion in the last 24 hours, while its market volume surged by 4.89% to $80.12 billion. The fear and greed index rose to 44 from yesterday’s 34, indicating that the market is still in a panic zone.
This recovery comes amid investor confidence that Trump’s incoming tariffs could be less serious than anticipated. The US government will announce the trade tariffs today, Wednesday, April 2, making them start taking effect immediately.
Most cryptocurrencies, including Bitcoin and Ethereum, are today displaying signs of recovery, which comes after weeks of market downturns since early March. April 2, described as “Liberation Day” by Trump, is under great scrutiny by global investors as more tariffs are possibly to be disclosed.
Bitcoin stands firm
Today, BTC displays resilience despite the continuing market turbulence. The asset strengthened its value, currently standing at $84,262, after witnessing a 0.85% rise over the previous day. Following a recent fall to $81k, triggered by panic revolving around Trump’s tariffs, the token has shown signs of healing. Historically, when Bitcoin sees bound back, other cryptocurrencies emulate the move.
Multiple altcoins are also experiencing impressive surges, with some seeing price jumps of up to 6%, signifying the wider crypto market’s enthusiasm as Bitcoin leads the way.
The change toward positive investor mood corresponds with improvement within the US stock market, indicating that crypto performance is correlated with wider investment market behavior.
Altcoins follow Bitcoin’s persistence
As highlighted above, several altcoins are witnessing remarkable movements, with Ethereum up by 0.24%, currently standing at $1,863. CRO, EOS, and ZEC are also up 6.98%, 19.44%, and 4.65% respectively. Other major digital assets like XRP, DOGE, ADA, and TRX are experiencing modest rises. The capacity of these altcoins and many others to register gains today suggests that investors could be shifting toward a more enthusiastic attitude.
Small-cap gainers today
Titcoin (TITCOIN) emerged as the top performer in today’s small-cap crypto sector. The altcoin recorded a price rise of 99.7% over the past 24 hours. The new meme coin has been on fire since its launch 14 days ago. Its price has been up 854.4% and 3301% over the past seven days and two weeks ago, respectively.
Next is Ghiblification (GHIBLI), which recorded a price growth of 44.8% from yesterday. It was followed by the Aki Protocol (AKI), which registered a price hike of 36.5% over the period.
While Loom Network (LOOM) took the fourth position with a price jump of 26.7%, Luce (LUCE) occupied the fifth place with a price uptick of 26.6%.
