Crypto Market Cap Rises 0.20% as ATOM and FIL Gain 9% and 8%

On April 4, the broader market sentiment for cryptocurrencies remained uncertain. Bitcoin (BTC) held steady around $83,000, marking a slight increase from the previous day. The global cryptocurrency market cap experienced a marginal rise of 0.20%, reaching $2.6 trillion. The fear and greed index stood at 25, indicating a cautious sentiment among market participants.

Major altcoins such as Ethereum (ETH) and Solana (SOL) maintained their positions near the previous day’s levels. However, Cosmos (ATOM) and Filecoin (FIL) emerged as the top gainers of the day, defying the broader market trends. ATOM's price surged by 9% to $4.83, driven by a new staking option launched by eToro. FIL also saw an 8% increase to $2.95, following its recent listing on the South Korean crypto exchange Upbit.

Despite the broader market turmoil caused by global trade tensions, crypto prices showcased resilience. BTC price regained a hold above $84,000 after slipping to as low as $81,000. ETH also faced heightened turbulence but maintained a hold above $1,800. At the time of reporting, BTC's price chart indicated a roughly 1% increase in value, closing in at $84,211. Its market dominance was up by 0.09% intraday, reaching 62.01%. Notably, BTC has outperformed major league altcoins, as indicated by its market dominance.

Traders and investors reflect an uncertain stance over future price prospects as global trade tensions have rattled broader markets. All eyes are now set on the next U.S. Fed meeting, as it could pave the way for a market sentiment shift. ETH price traded at $1,820 after recovering from $1,751 over the past day. The second-largest crypto by market cap boasted an evaluation of $220.35 billion. Ethereum’s futures OI shot up by 3.5% to reach $20.68 billion, indicating heightened activity in the coin’s derivatives market. Another buzzworthy update for Ethereum is that the Pectra upgrade is set to go live on May 7 next month.

Ripple’s coin XRP managed to gain over 2% despite the broader crypto market turmoil to reach $2.08. Its 24-hour bottom and peak were recorded as $1.97 and $2.10, respectively. The latest buzz within the Ripple community remains the potential listing of XRP futures on Coinbase. On the other hand, the U.S. SEC’s recent closed-door meeting solidified the chances of an imminent settlement of the Ripple lawsuit. Solana price hovered around the previous day’s levels and is trading at $119.27. Its 24-hour low and high were registered as $112.48 and $119.13 in the past 24 hours. Intriguingly, data revealed a 3% surge in Solana’s futures OI to $4.84 billion, underscoring burgeoning trading activity in the derivatives market. Solana’s market cap jumped nearly 1% from yesterday to $61.44 billion. Recently, the U.S. SEC made a favorable approach toward crypto by acknowledging Fidelity’s SOL ETF filing.

Overall, the broader market sentiment remains uncertain amid macroeconomic heat. Crypto market traders and investors eagerly await major price action shifts.