Tuesday morning, the top eight cryptocurrencies by market cap saw modest gains for six of the top eight, with Dogecoin and Cardano ( ADA ) leading the charge with gains of up to 5.2 % and 5.9 %, respectively.
Additionally, the data on CoinGecko displays clean over the past 24 hours for Bitcoin, Ethereum, BNB, and Solana. Ethereum and BNB are both up 3.7 %, while Bitcoin and Solana are up 2.5 % and 3.3 %, respectively.
On Monday night, one hundred and one thousand dollars worth of negative Bitcoin selections were spotted, including 1, 180 contracts for$ 70,000 put options. These choices expire on April 25.
Ethereum, in contrast, outpaced Solana in terms of decentralized exchange volumes, with$ 63.2 billion over the latter’s$ 51.25 billion. This indicates renewed momentum. Despite this, DefiLlama data indicates that Solana is catching up, with a 32 % increase over the week in comparison to Ethereum’s 14 %.
However, according to Dune data, Solana-based meme coin volume has decreased from$ 390 million to just under$ 100 million in January.
” Renewed enthusiasm”
According to Dominick John, an analyst at Kronos Research, those modest benefits “represent renewed enthusiasm for the new third,” fueled by” a market rise as Trump’s tax issues have been fully absorbed.”
Similar sentiments were expressed by users of MYRIAD, the fragmented projection market launched by ‘s parent company, DASTAN. Those who predicted a Crypto Fear and Greed Index rating of below 32 by April 4 indicating Anxiety, dropped sharply from their highs of over 37 % at the weekend to around 17 % by Tuesday night, with more people now anticipating a rating of between 40 and 44.
John argued that the other majors ‘ single-digit gains “ride the entire optimistic momentum.” A trend like this could continue if no “fresh price developments or economic shocks” appear within the week.
The broad-based march is respectable, but it comes after Bitcoin, Ethereum, and technical indices listed in the S&, P 500 “logged their worst monthly efficiency in three decades,” according to studies from QCP Capital.
This sounded like a” sobering start to Q2″ for a market that was” still looking” for its upward trend, according to QCP Capital. Some risks associated with a “broad and extreme regime” may likewise “deepen recession fears,” according to QCP.
By Wednesday, expected uncertainty will result from broad macroeconomic elements, such as President Donald Trump’s statement of mutual tariffs, followed by the launch of the jobless claims statement on Thursday.
These figures might lead to a more nuanced risk-off reflex that would support risk-added bitcoin areas.
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