As April comes to a close, Bitcoin
$94,179 has been hovering around $94,000. The weekend brought little gain for most altcoins, resulting in a relatively calm period. Ethereum 
$1,803 continues to linger below the crucial $1,820 mark, with some altcoins erasing Friday’s gains.
Bitcoin (BTC)
BTC has failed to surpass the $95,000 barrier after three consecutive attempts. Regaining the area that served as support in February, which later triggered significant selling once broken, will not be easy. The emergence of red candles after several days suggests that bulls may be losing strength. However, maintaining the $92,000 level is currently promising, with the next support point set at the $88,000 threshold.
We need concrete steps regarding tariffs to boost market morale. Conflicting statements about China do not benefit risk markets.
Current Status of Cryptocurrencies
The fear index has climbed to a neutral zone, reaching 53. The balancing of extreme fear is positive, and convincing statements that tariffs will not worsen further help keep pressure stable or weaker here. The total market cap of cryptocurrencies stands at $2.95 trillion.
Total volume is just below $68 billion, contributing to the lack of upward movement in altcoin prices this weekend. The potential volatility expected in the new week is keeping investors away from the markets, leading to declines in a low-volume environment. The altcoin season index is at 15, still favoring Bitcoin’s trend.
The week’s top-performing altcoins are VIRTUAL and TRUMP Coin, both experiencing over 80% gains. BRETT and SUI also saw increases of 64% and 72%, respectively. Meanwhile, WLD, BSV, WIF, BONK, STX, and FET recorded gains between 50% and 35%.
Although we experienced a week of gains after a long period, DEXE, BGB, LEO, HYPE, GT, and Pi Coin suffered losses. In the last 24 hours, $94 million in long positions were liquidated, while short liquidations remained at $75 million. Open positions decreased by 2.2%, falling to $122 billion, with liquidations down 40% compared to yesterday. Daily total volume dropped by 31.3% to $167 billion, indicating an exciting week ahead.
