The crypto market edged higher on April 11, with total market cap climbing to $2.55 trillion, up 0.9% in 24 hours, while trading volume slipped to $89.4 billion. Bitcoin dominance held steady at 57.2%, Ethereum at 10.6%. The Fear & Greed Index plunged to 15 (Extreme Fear), down from 16 a day earlier, reflecting worsening sentiment amid inflation concerns and token events.
BTC and ETH Prices: Modest Gains
Bitcoin (BTC) traded at $72,885, gaining 0.85% with a 24-hour volume of $36.57 billion and a market cap of $1.45 trillion. Ethereum (ETH) rose 2.03% to $2,242.11, volume $16.17 billion. Solana (SOL) inched up 1.58% to $84.46. Despite the uptick, extreme fear persisted among traders.
RAVE and Falcon Finance Lead Gainers; TAO Slumps
RaveDAO (RAVE) skyrocketed 73.53% to $1.85, leading all assets by 24-hour percentage gain, with $369.41 million in trading volume. Falcon Finance (FF) jumped 47.42% to $0.1045. Dash (DASH) rose 22.83%, DeXe (DEXE) added 12.65%. On the losing side, Bittensor (TAO) dropped 11.31% to $254.44, World Liberty Financial (WLFI) fell 7.05%, and Venice Token (VVV) slipped 5.97%. Stablecoin market cap edged up 0.2% to $312 billion, while DeFi market cap grew 2.4% to $52.7 billion.
Key News: Nakamoto Reverse Split, ETH Foundation Sell-off, Bitwise ETF Filing
Nakamoto Inc. filed Schedule 14A with the SEC seeking approval for a 1-for-20 to 1-for-50 reverse stock split to regain Nasdaq compliance. The Ethereum Foundation sold 5,000 ETH for about 11.1 million DAI via CoWSwap, following its April 8 plan to raise stablecoins for ecosystem operations. Bitwise submitted a second revised Hyperliquid ETF filing to the SEC, proposing ticker BHYP and a 0.67% fee. A Web3 wallet launched an asset discovery feature with five tokenized assets offering exposure to SpaceX and OpenAI. Frozen WLFI holdings linked to Justin Sun dropped roughly $11 million in a day after collateral borrowing on Dolomite raised liquidation concerns. A White House report warned that banning stablecoin yields would cost U.S. consumers about $800 million annually. World (WLD) announced a 43% daily unlock reduction starting July 24, 2026. THORChain expects Monero mainnet support within two months following successful simulations. Analysts projected Bitcoin could reach $140,000 by late 2026, reiterating a Buy rating on Strategy.
Compared to April 10, the market cap rose from $2.51T to $2.55T while volume dropped from $94.9B to $89.4B. BTC and ETH posted small gains, but extreme fear remained. For users, the market appears active yet fragile—high volumes signal participation, but macro pressures and token events call for focus on liquidity and fundamentals over price alone.