Trending Crypto Market Updates | 01 April 2024

In the past week, the crypto market has remained in a state of consolidation with leading cryptocurrencies like Bitcoin, Ethereum, etc, hovering in a definite range for a prolonged period. 

The events of the previous week prompted stable sentiment in the crypto world, and we are eager to see what this month has in store. Before you get started, check out our Trending Crypto Market Updates.

According to CoinMarketCap, the current market cap is  ₹223.37 Trillion on 01 April. However, in the past few months, even the top-performing coins were seen as moving bullish and were trying to continue their new market trend.

As of the past week, Bitcoin is priced at ₹5,884,869.13, reflecting a 0.86% jump within the last 24 hours with a marginal surge of 3.52% over 7 days. Talking about Ethereum, ETH is currently valued at ₹300,801.27, showing a 1.86% jump in the past 24 hours, with a small gain of 2.72% over 7 days.

Trending Crypto Market Updates: Top Trending Coins

In the past week, three cryptocurrencies have remained the talk of the town because of some recent developments related to these cryptocurrencies: Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). 

In the past week, the price of Dogecoin (DOGE) showed a 22.47% jump. In addition, the token experienced a rise of 5.38% in the past 24 hours. The token is currently trading at the price of ₹17.95.

Talking about Bitcoin Cash (BCH), the token illustrated a 39.66% spike as compared to other major cryptocurrencies. Moreover, BCH has shown a 15.26% jump in the past 24 hours, trading at a price range of ₹57,070.37.

In addition, the Litecoin (LTC) token jumped by 20.26% in the last 7 days. Moreover, in the past 24 hours, the token also surged by more than 6.20%. In addition, the price of the LTC token is trading at ₹9,133.96. 

Top Crypto Gainers & Losers

The past week remains one of the most confusing weeks for the crypto market in 2024. So, let’s have a look at some of the top crypto gainers and losers from the past week:

Trending Crypto Market Updates

How the Crypto Market Became Stable?

The cryptocurrency market has recently experienced some correction over the last week, resulting in a significant consolidation for a prolonged period. Apart from that, the significant money inflow and outflow from the Spot Bitcoin ETFs also affected the sentiments of crypto investors, leading the major cryptocurrencies to experience a short phase of consolidation.

Furthermore, there are only 30 days left for the Bitcoin Halving event, which has the potential to drive the whole market. This event is also generating a sense of FOMO in the crypto market, resulting in the current consolidation of major cryptocurrencies.

Trending Crypto Market Updates: Trending News From the Last Week

▪️ On March 28, Bitwise, an asset management firm, filed a Form S-1 registration statement with the SEC for shares of its Ethereum ETF. The submission occurred amid fears that the SEC was attempting to classify Ether as a security under its regulatory scope, casting future listings of spot ETF ETFs into doubt. 

▪️ This week, a US District Court Judge for the Southern District of New York sentenced Bankman-Fried to 240 months and 60 months in prison, totaling 25 years, for his conviction on seven felony offenses. SBF was the first individual related to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022. 

▪️ The Near Foundation, the nonprofit organization that supports the layer-1 Near Protocol, has recently announced that the protocol now supports chain signatures. This development enables users to access numerous chains with their Near account.

SunCrypto Views

The recent static trend in the cryptocurrency market demonstrates its dynamic evolution, which has included stable gains and confusing investor confidence. This development reflects growing institutional interest and technological advancements.

Despite these growing developments, the market’s intrinsic volatility persists. To navigate potential risks, investors should exercise caution, perform extensive research, and apply a variety of tactics. While the recent optimistic trend is encouraging, it’s critical to approach the cryptocurrency market with care and a long-term mindset.

For more crypto-related content like Trending Crypto Market Update, informational blogs, and crypto news, check out Suncrypto Academy.

 

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared, if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date, occasionally unintended errors or misprints may occur. We recommend you do your own research or consult an expert before making any investment decision. You may write to us at [email protected].

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