Global crypto markets displayed diverging trends on April 4. Bitcoin, the largest digital asset, inched up 0.50% to $66,896.80, lifting its market dominance to 58%. In contrast, Ethereum declined 0.18% to $2,053.15, with its market share slipping to 10.8%. The split performance underscores lingering caution among traders, who are weighing macroeconomic signals and upcoming blockchain catalysts.
Meme coins and obscure tokens see outsized gains
Several meme coins and low-cap tokens posted dramatic price jumps. PEPE ($TRUMP) surged 1,305.81% to $0.02261, while TRUMP IP ($IP) gained 834.94% to $0.00001838. TRUMP MOG ($TRUMP) rallied 660.72% to $0.001185. According to market observers, such moves are typically driven by social media hype and momentum trading, and often reverse sharply, posing risks for late entrants.
DeFi TVL dips; NFT sales soften
The decentralized finance (DeFi) sector saw total value locked (TVL) edge down 0.35% to $92.017 billion. However, lending protocol Aave bucked the trend, rising 1.29% to $24.049 billion. A notable outlier was ETCswap, which recorded a 24 million% TVL spike in 24 hours. NFT market activity slowed, with total sales volume dropping 5.18% to $5,522,735. Courtyard, the top NFT collection by daily sales, rose 5.96% to $1,133,767.
Security incident and institutional moves: Drift Protocol loses 40%; Charles Schwab eyes spot crypto trading
Drift Protocol, a DeFi platform specializing in perpetual swaps, suffered a security breach resulting in a 40% loss of funds, highlighting persistent risks in protocol security. Separately, U.S. financial giant Charles Schwab announced plans to introduce spot trading for Ethereum and Bitcoin in the first half of 2026, signaling further mainstream adoption. Moca Network is scheduled to unlock tokens worth $3.36 million on April 11, which could alter liquidity dynamics in its ecosystem.