The global crypto market cap stood at $2.6 trillion on April 16, edging up 0.1% in 24 hours, while total trading volume dropped to $97.9 billion. Bitcoin's dominance hit 57.2%, Ethereum's at 10.9%. Major altcoins showed sharp divergence: Bio Protocol (BIO) skyrocketed 90.85%, Enjin Coin (ENJ) jumped 51.6%, while RaveDAO (RAVE) plunged 37.62%.
BTC Holds Steady, ETH Rebounds Slightly
Bitcoin traded at $74,656.44, up just 0.03% in 24 hours, with a volume of $37.5 billion and a market cap of $1.49 trillion. Ethereum rose 0.68% to $2,352.92, on $16.7 billion volume and a $284 billion market cap. XRP outperformed, climbing 2.77% to $1.40.
The DeFi sector's total market cap increased to $54 billion (+2.2%), representing 2.1% of the global crypto market. Stablecoins market cap remained at $313 billion with $82 billion in volume, down 0.1%.
Fear Index at 23: Extreme Fear Lingers
The Fear & Greed Index remained at 23 for the second consecutive day, up from last week's 14 but below last month's 28 (Alternative.me data). The low reading signals persistent risk aversion among traders despite a stable macro picture.
Coinbase Lists Two Tokens, Binance Rolls Out Chatroom
Coinbase added Diem and Opengradient to its listing roadmap. Trading will begin once market-making support and infrastructure are ready, the exchange said.
Binance launched a built-in Chatroom feature, enabling users to send direct messages, share trading ideas, and transfer crypto within conversations. The feature is designed for secure peer-to-peer interaction.
BNB 35th Quarterly Burn: $1.02 Billion
The BNB Foundation completed its 35th quarterly burn, destroying 1.57 million BNB worth approximately $1.02 billion. Total BNB supply now stands at 134.79 million tokens.
Other Key Updates
Bitwise launched the Avalanche spot cryptoETF (BAVA) on NYSE, with a 0.34% fee, internal staking for yield, and an opening fee waiver. WLFI proposed new lock-up terms for 62.28 billion tokens, including long vesting schedules and a possible 10% burn. OKX introduced MiFID-regulated X-Perps perpetuals in the European Economic Area, offering up to 10x leverage and multi-asset margin.
Compared to April 15, the market showed slight improvement: total cap edged up but volume shrunk from $129.6B to $97.9B. BTC remained flat, ETH rebounded from a 1.25% loss, and DeFi gained. Extreme fear persisted. Product launches, token burns, and new trading tools are active, yet caution remains warranted given fragile sentiment and low liquidity.