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Crypto Market Today (05th April 2025): BTC Stays Stagnant $83k | PEPE Among Top Gainers
The crypto market has exhibited subtle resilience over the past 24 hours, with the global market cap inched up by a meager 0.69% to reach $2.68 trillion. This slight recovery was accompanied by an increase in trading activity, as total volume rose 10.35% to $98.18 billion.
Despite this marginal growth, the Fear & Greed Index plunged to 27, indicating a marked shift towards fear and caution among investors. This sentiment is reflected in the market’s hesitation, with many digital assets struggling to make significant moves.
In a separate development, Jerome Powell, the U.S. Federal Reserve Chair, released a statement regarding potential tariffs proposed by Donald Trump. Powell emphasized that such measures could potentially lead to increased inflation and joblessness, alongside slower economic growth. Notably, he reiterated his stance on maintaining the current benchmark interest rate between 4.25% and 4.50%, thus hinting at no immediate interest rate cuts.
Bitcoin, meanwhile, has stubbornly remained above $83,000, continuing its streak of stability while accounting for over 60% of the overall market capitalization. Ethereum, XRP, and Solana followed suit with minor gains of 0.46%, 3.16%, and 3.97% respectively.
On the other hand, several altcoins have displayed mixed results. OKB, a token native to the OKEx exchange, led the charge among gainers by almost 9%. The popularity of PEPE, a meme-inspired cryptocurrency, contributed to its substantial rise of over 4%, likely fueled by renewed speculation and short-term trading activity. Sonic also joined this group, with a similar gain.
On the flip side, PI and JTO suffered significant losses of approximately 18.82%, taking their spot as the biggest decliners of the day. EOS’s decline of nearly 8% is equally noteworthy, highlighting the uncertainty that plagues many investors in the crypto space.
As we continue to monitor macroeconomic factors and market sentiment, it will be essential to assess these changes and their potential implications for the broader digital asset landscape.
Source: https://coinpedia.org/price-analysis/crypto-market-today-05th-april-2025-btc-stays-stagnant-83k-pepe-among-top-gainers/
