On April 25, the cryptocurrency market experienced a decline, with Bitcoin (BTC) falling to around $64,000 and Ethereum trading under $3,150. The total market capitalization of the crypto market reached $2.49 trillion, reflecting a 3.60% decrease.
The decline in the market was influenced by legal action taken against the CEO and CTO of Samourai Wallet by the U.S. Department of Justice, which added to the volatility.
Meanwhile, the “Fear and Greed Index” registered 72/100, indicating optimism and suggesting sustained upward momentum. In terms of specific cryptocurrencies, Starknet (STRK), Worldcoin (WLD), Dogwifhat (WIF), Bonk (BONK), and Jupiter (JUP) recorded significant declines of over 10%, while the EOS token saw a notable increase of over 6.60% in the past 24 hours. Hedera experienced the largest decline, plummeting by over 35.56%.
The total crypto market volume reached $84.96 billion, with DeFi volume accounting for $6.52 billion and stablecoin volume representing $78.43 billion. Bitcoin dominance stood at 53.48%.
In other news, Bitcoin and top altcoins faced selling pressure in Asia due to weak U.S. economic demand and geopolitical tensions in the Middle East. Upbit emerged as a leading exchange in South Korea, rivaling global giants like Coinbase.
BlackRock denied any commercial ties with Hedera or tokenizing funds, clarifying its non-involvement. The European Parliament passed a rule to combat AML violations and terrorist financing, establishing the AMLA in Frankfurt. TikTok’s CEO pledged to challenge the U.S. ban, emphasizing its economic impact and importance for U.S. businesses.
Source: COINGABBAR
