The crypto market edged higher on April 4, with total capitalization reaching $2.38 trillion, up 0.4% over 24 hours. Trading activity came in at $61 billion. Prices stabilized, but sentiment stayed weak: the Crypto Fear and Greed Index stood at 11, still in extreme fear territory.
Large-cap tokens were mixed. Bitcoin traded at $66,855.47, rising 0.5% on the day, with $22.2 billion in volume and a market value of $1.33 trillion. Ether slipped 0.39% to $2,050.41, posting $9.32 billion in trading volume and a market cap of roughly $247 billion. Bitcoin dominance was listed at 56.1%, while Ethereum held 10.4%.
edgeX, ARIA and ALGO led the day’s strongest moves
Selective altcoins outperformed. edgeX traded at $1.04 and gained about 34.7% to 34.98% in 24 hours, with reported trading activity between $333.90 million and $335.38 million. AriaAI (ARIA) climbed 15.03% to $0.5456, supported by $88.84 million in volume. Algorand (ALGO) rose 11.74% to $0.1229, with $215.05 million traded.
Other notable movers included Audiera (BEAT), up 8.05% to $0.3663, Ontology Gas (ONG), up 53% to $0.1006, and Unitas (UP), up 2.61% to $0.1728. On the losing side, Midnight (NIGHT) fell 4.36%, JUST (JST) lost 3.60%, and Monero (XMR) dropped 3.48%.
Token flows and product launches kept traders focused on liquidity
Chainlink unlocked 19 million LINK valued at about $165 million. Most of the tokens were sent to Binance, with the rest moved to a multisig wallet, matching its regular quarterly release pattern. Separate from that, after the $285 million theft tied to Drift Protocol, Alameda sold 6.94 million DRIFT through Wintermute, realizing about $320,000 from tokens that had been worth nearly $6.22 million last year.
Binance also expanded its derivatives lineup. The exchange said it will launch MUUSDT and SNDKUSDT stock perpetual contracts on April 7, 2026, offering up to 10x leverage tied to Micron and SanDisk price exposure. Grayscale, for its part, amended the S-1 filing for its Bittensor Trust and described the product as a passive vehicle intended to give investors exposure to TAO through trust shares.
Wallet and project shutdowns introduced operational deadlines
Dmail Network said it will gradually stop services starting May 15, 2026, citing high infrastructure costs, weak monetization and funding problems. Users were told to export their emails. NFT project Intergaze also announced a phased shutdown, asking users to withdraw assets within 14 days and register Cosmos wallets before May 1 for migration.
Leap Wallet said it will cease operations on May 28, 2026. The team advised users to move funds from related wallets, apps, validator services and swap functions. That made the day’s risk picture broader than price action alone, with service closures and migration windows becoming immediate issues for users holding assets on affected platforms.
Russia’s reporting bill and macro data kept sentiment fragile
On regulation, Russia submitted a bill that would require residents, starting July 1, 2026, to report the opening, closing and transactions of foreign wallets to tax authorities within one month. In macro data, US nonfarm payrolls increased by 178,000 in March, while the unemployment rate fell to 4.3%.
Compared with April 3, the market looked steadier: total capitalization moved up after a 2.4% decline the previous day, while total volume dropped from $105.4 billion to $61 billion. Stablecoins posted a 0.2% gain, with market capitalization at $311 billion and volume at $47.2 billion. The DeFi sector rose 0.6% to $49.3 billion, with $3.7 billion in trading volume and 2.1% market dominance.