The global cryptocurrency market capitalization reached $2.71 trillion on April 27, up 1.7% in the past 24 hours, with total trading volume of $66.6 billion. Bitcoin dominance held at 58.2%, while Ethereum maintained 10.6%.
Bitcoin and Ethereum Rise
Bitcoin (BTC) traded at $79,123.77, a 2.04% increase on the day, with $24.7 billion in volume and a $1.58 trillion market cap. Ethereum (ETH) stood at $2,388.39, up 3.04%, on $11.88 billion volume. XRP rose 1.4% to $1.44.
Altcoin Movers: Zerobase and LUNC Shine
Among the top gainers, Zerobase (ZBT) surged 31.3% to $0.2096 on $448 million volume. Terra Classic (LUNC) climbed 18.69% to $0.00006152. Lido DAO (LDO) rose 19.78%, Zebec Network (ZBCN) added 13.78%. On the losing side, Humanity Protocol (H) dropped 0.8%, JUST (JST) fell 0.7%, and Canton (CC) declined 0.55%.
Stablecoin market cap remained flat at $316.27 billion, with volume of $52.2 billion. The decentralized finance (DeFi) sector grew 3.3% to a $56.2 billion market cap, representing 2.1% of the global crypto market.
Fear & Greed Index Turns Neutral
The Crypto Fear & Greed Index, compiled by Alternative.me, rose to 47 (Neutral), up from 33 (Fear) yesterday and 29 last week. Last month the index hit a low of 12 (Extreme Fear). The recovery suggests stabilizing prices, reduced selling pressure, and cautious optimism returning to the market.
Key Headlines: CLARITY Act, Babylon Deposit, Scallop Exploit
The U.S. CLARITY Act made no progress in April, with May shaping up as a critical month. Lawmakers face looming deadlines, unresolved issues, and election timelines that could delay passage. Mike Novogratz of Galaxy Digital expects progress in May, with possible approval in June. Analysts warn that delays beyond mid-May could significantly reduce chances of passage.
Babylon Foundation will deposit 3 million USDT into Aave to support DeFi growth, with interest earned funding ecosystem incentives. Scallop, a Sui-based lending protocol, lost 150,000 SUI in a contract exploit. The affected pool was frozen, core systems remain safe, and the team committed to covering all losses.
The Bless team sold 100 million BLESS tokens after a cross-chain transfer, bringing total sales to 500 million, raising concerns after a recent price surge. A suspected whale withdrew 20 million RAVE (worth $16.78 million) from Bitget, distributing funds across eight wallets, signaling potential strategic repositioning.