This Week in Crypto: Fear & Greed, ATH Triumphs, Market Shifts, and NFTs

Dear Readers,

The cryptocurrency market saw relatively flat trading over the past 24 hours, with major assets like Bitcoin and Ethereum holding steady. This stability came amid a broader market downturn, triggered by U.S. President Donald Trump’s announcement of a 25% tariff on automobile imports, effective April 2.

The global crypto market capitalization stood at $2.85 trillion, marking a 1.27% decline from the previous day. Bitcoin saw a modest decrease of 0.2%, settling at $87,315.20, while Ethereum dropped 1.6% to $2,025.96. XRP fell by 4%, reaching $2.3661, Solana declined by 3%, and Cardano dropped by 1.9%. Meanwhile, Polygon experienced a 1.6% dip.

Highlights Of The Week

• 34 crypto firms urged Congress on March 26 to pressure the DOJ to revise its broad interpretation of laws used to charge Tornado Cash developers, warning it could lead to criminal charges for most blockchain developers.

• US President Donald Trump is expected to sign a resolution overturning a Biden-era rule requiring DeFi protocols to report to the IRS, following its passage in the Senate on March 26. 

• Interactive Brokers expands its altcoin offerings by adding four new tokens: Solana, Cardano, XRP, and Dogecoin, with a combined market cap of $267.2 billion.

• Celo blockchain network has officially transitioned from a layer-1 chain to an Ethereum layer-2 protocol.

• Canadian YouTube alternative Rumble launches a wallet with support for Tether's USDT stablecoin.

• Polymarket faces scrutiny over a controversial outcome in a high-stakes political bet, raising concerns about potential governance manipulation.

• Fidelity Investments is reportedly in the final stages of testing a US dollar-pegged stablecoin, marking its latest push into digital assets amid favorable crypto regulation under the Trump administration.

Crypto Fear & Greed Index

The Crypto Fear & Greed Index has shifted from yesterday's neutral reading of 47 to a current fear level of 40. This change comes in the wake of President Trump's announcement of a 25% tariff on foreign-made cars and auto parts, effective April 2, aimed at boosting U.S. car manufacturing. The tariff has raised concerns about the potential for a global trade war, leading investors to reassess their portfolios. As a result, many are moving away from volatile assets like cryptocurrencies and opting for safer options such as gold, reflecting heightened uncertainty in the markets.

ATH Coins

The all-time high (ATH) marks a cryptocurrency’s peak achievement and a rise in market attention. However, market volatility continues to play a crucial role. It’s important to perform extensive research before investing in coins at their ATH. Here are some of the most notable cryptocurrencies recently achieving ATH status.

Solayer (LAYER) has reached an impressive all-time high (ATH) price of $1.49 today. The current price is slightly lower at $1.39, with a trading volume of $195.32 million. Solayer stands out as a hardware-accelerated blockchain capable of processing over 1 million transactions per second (TPS) and offers 100Gbps+ bandwidth, ensuring near-zero latency for its users.

Cadabra Finance (ABRA) also achieved its ATH price of $1.15 today. As of now, the price has slightly adjusted to $1.14, with a trading volume of $30.45K. Cadabra Finance focuses on maximizing returns for liquidity providers by utilizing farming, yield aggregation, and ve(3,3) governance to optimize its ecosystem.

Yesterday, GRABWAY (GRAB) reached an ATH price of $0.15. The current price sits at $0.1367, with a trading volume of $1 million. GRABWAY enables users to earn rewards through a points-based system, rewarding them for their movements and activities in the ecosystem.

Keeta (KTA) hit its ATH price of $0.2278 yesterday. The current price is $0.1836, with a trading volume of $7.01 million. Keeta is a scalable solution designed to connect multiple payment networks, offering direct blockchain interactions and expanding its utility in the blockchain space.

Amnis Finance (AMI) reached its ATH price of $0.07297 yesterday. The price has since adjusted to $0.05180, with a current trading volume of $11.89 million. AMI is the governance token of Amnis, a decentralized autonomous organization (DAO) operating on the Aptos blockchain, focused on decentralized finance and governance.

Top Movers (24H)

As cryptocurrency gains credibility as an investment, even past skeptics are beginning to adopt it, expanding their portfolios with various digital assets. Experienced investors are further strengthening their positions, contributing to significant price rises in numerous cryptocurrencies over the past 24 hours. Here are some noteworthy cryptocurrencies that have recently experienced impressive price increases.

Ondo DeFAI (ONDOAI) has soared by 81.59%, pushing its price to $0.002733 in the last 24 hours. With a trading volume of $1.74 million, Ondo DeFAI stands out as a Layer-2 platform that seamlessly integrates AI tools with USDY, offering inflation-proof solutions that enhance decentralized finance.

Dypius (DYP) has also made waves, surging 58.57% in the past day. Currently priced at $0.01195, with a volume of $1.04 million, Dypius is building a decentralized ecosystem that emphasizes scalability, security, and global adoption, all backed by next-gen infrastructure. Its focus on innovation positions it as a key player in the growing decentralized finance space.

Meanwhile, Jelly-My-Jelly (JELLYJELLY) has gained significant traction, up by 57.12% over the past 24 hours, now priced at $0.02037. With an eye-catching volume of $310.4 million, Jelly-My-Jelly is a platform designed for creating, sharing, and discovering short, podcast-like videos.

On the rise as well is Linear Finance (LINA), which has increased by 51.49% in the last 24 hours, bringing its price to $0.0009392 and a volume of $64.05 million. Linear Finance is a decentralized delta-one asset protocol that allows users to create synthetic assets with unlimited liquidity, making it a powerful tool for traders and DeFi enthusiasts alike.

Finally, ALEX Lab (ALEX) has seen a solid 25.02% jump, reaching a price of $0.05699 and a volume of $21.44 million. Operating on the Bitcoin blockchain, ALEX Lab provides a comprehensive decentralized finance platform, offering a range of DeFi solutions to improve accessibility and efficiency for users in the space.

Non-Fungible Tokens – Developments

• Sony Pictures partners with YOAKE to launch NFTs based on Netflix’s anime series The Seven Deadly Sins, enhancing its Web3 strategy with legally licensed digital artifacts.

• OpenSea integrates the Ronin blockchain network, allowing users to mint exclusive Ronin-based NFTs, including collections from Axie, Awaken Hunter, and Capy Game agent.

• Canary Capital applies to the SEC for approval to launch an ETF that replicates the performance of the PENGU memecoin, Pudgy Penguins project governance, and select NFTs.

NFTs To Watch (24H)

Good Vibes Club

Good Vibes Club has seen impressive activity recently, with a total volume of 104 ETH, marking a 20% increase in volume. The current floor price sits at 0.35 ETH, with 266 sales completed. Created by the award-winning animation studio Toast in collaboration with SuperRare, Good Vibes Club is a high-end, art-focused intellectual property (IP) that continues to captivate collectors.

Doodles

The Doodles Original Collection, featuring 10,000 unique characters, has made a strong showing with a volume of 101 ETH, reflecting a significant 59% increase in activity. The floor price is currently set at 3.1998 ETH, with 32 sales. This collection, created by Co-Founder and renowned artist Burnt Toast, is widely recognized as one of the key milestones in the NFT world, embodying creativity and innovation.

Azuki Elementals

Azuki Elementals, a part of the larger Azuki universe, has gained notable attention with a volume of 94.6 ETH, 137% increase in trading volume. The floor price for Azuki Elementals is 0.2549 ETH, and there have been 338 sales. This collection, which comprises 20,000 characters drawn from the four domains of the Garden, continues to capture the imagination of the NFT community.

Best Regards,
Crypto Recorder Team

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