Oh look, the crypto market is playing hide and seek with our emotions again! In the past 24 hours, the global market cap barely budged, growing by a whooping 0.69% to a modest $2.68 trillion. Trading volume, however, decided to go on a shopping spree, rising by a cool 10.35% to $98.18 billion. But wait, there’s more! The Fear & Greed Index took a dive to 27, officially placing us in the “Fear” zone. Yay? 🎉
Jerome Powell’s Economic Rant: Tariffs, Inflation, and Unemployment, Oh My!
In a move that surprised absolutely no one, U.S. Federal Reserve Chair Jerome Powell decided to rain on our parade. He warned that Trump’s proposed tariffs could lead to higher inflation, more unemployment, and slower economic growth. You know, just the usual suspects.
He also casually mentioned that it’s “too soon” to consider changing U.S. monetary policy. Translation: Don’t hold your breath for those interest rate cuts, folks! The current benchmark rate is still chilling between 4.25% and 4.50%. Party on!
Bitcoin‘s $83k Limbo Dance Continues, Altcoins Flip-Flop Like Crazy
Bitcoin, the crypto world’s golden child, is still stuck at the $83,000 mark, dominating the market with over 60% power. Ethereum, XRP, and Solana decided to join the party with their own tiny little gains. But the altcoin market? Well, that’s a whole different story with winners and losers all over the place.
Curious about Bitcoin’s future? Check out our Bitcoin Price Prediction 2025, 2026-2030 article for some crystal ball gazing!
Top Gainers: The Stars of the Show
OKB, the exchange token everyone’s buzzing about, soared by nearly 9%. Meanwhile, meme king PEPE gained over 4%, proving that memes can still make you money. Sonic also joined the fun, luring in traders looking for a quick buck. 🤑
Top Losers: The Ones We Don’t Talk About
In the “not-so-fun” category, PI and JTO took a nosedive, plummeting by a whopping 18.82%. EOS also had a rough day, shedding almost 8% and probably crying into its pillow tonight.
Stick around as we keep an eye on the wild world of macroeconomic factors and market sentiment in the digital asset space. It’s a rollercoaster, folks!
FAQs: Because You Know You’re Curious
What’s the vibe in the crypto market today?
Let’s just say the Fear & Greed Index is partying hard in the “Fear” zone.
Which cryptos are the cool kids today?
OKB, PEPE, and Sonic are the popular kids, racking up those gains.
What did Powell have to say about the economy?
He basically said, “Don’t expect any miracles, folks.”
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2025-04-05 10:23