The cryptocurrency market experienced a slight downturn today, with a global market cap now valued at $2.66 trillion, down -0.96% compared to yesterday. Bitcoin’s price fluctuated between $74,508 and $83,172 over the past 24 hours, currently trading at $76,300 with a -8.20% drop. While most cryptocurrencies saw declines, FORTH, NIL, and TST exhibited notable gains of 20%, 8%, and 6% respectively. 📰 📌 Top stories today include:
– **Bitcoin:** Credit spreads surge to an eight-month high, sparking debate about Bitcoin’s potential as a safe haven or whether it signals a crash in the bond market.
– **Binance:** The platform released its April Proof of Reserves and added NEAR with a 106.47% backing.
– **Bitcoin:** Q1 for Bitcoin saw the worst performance in a decade, adding to concerns over economic uncertainty.
– **U.S. Tariffs:** Commerce Secretary confirmed that U.S. tariffs will be implemented without delay.
– **ETH/BTC Exchange Rate:** It has dropped to March 2020 levels.
– **Trade Talks:** Over 50 nations are engaging in trade discussions with the White House.
Meanwhile, notable market movers saw declines across most top altcoins: ETH is down -16.65%, XRP is down -16.18%, BNB is down -8.40%, SOL is down -16.28%, DOGE is down -16.67%, TRX is down -5.17%, ADA is down -15.08%, WBTC is down -8.29%, TON is down -8.70%, and TRUMP is down -16.30%.
Top gainers on Binance: FORTH/USDT (+20%), NIL/USDT (+8%), and TST/USDT (+6%) led the gains today.