Crypto Market Update April 1: ALGO Soars 19%, SIREN Plummets 66% in Wild Session
A stark warning emerges from the cryptocurrency sector as market volatility triggers a sharp 10% correction in select altcoins, despite a broader 1.5% market surge led by Bitcoin and Ethereum. The extreme fear index holds at 8, underscoring persistent investor anxiety amid regulatory scrutiny from the CLARITY Act, fallout from the Axios supply chain attack, and the abrupt shutdown of the Magic Eden wallet service.
Major Crypto Market Events Today
Source: Forex Factory
Crypto Market Last 24 Hours Update: Prices, Volume & Trends
The global cryptocurrency market today reached a capitalization of $2.42 trillion, noted a 1.5% upward trend in the last 24 hours, whereas Total trading volume was recorded at $116.5 billion.
Bitcoin’s (BTC) dominance over the industry remains intense with 56.3%, while Ethereum (ETH) carries 10.5%. The largest gainers in the industry over the past day are Polkadot and XRP Ledger Ecosystem.
(Note: BTC and ETH are often viewed as less volatile historically, but still risky. The data recorded from CoinMarketCap)
Bitcoin (BTC) price today reached $68,044.06, surged 1% in the last 24 hours, with a trading volume of $42.1 billion and a market cap of $1.36 trillion.
Ethereum (ETH) price today is at $ 2,100.23, soars 2.66% in 24 hours, with a trading volume of $20.9 billion and a market cap of $253 billion.
(Trending data is based on a combination of 24-hour price movement, trading volume, and CoinMarketCap.com trending metrics.)
Bitcoin price (BTC): $68,565.00, up 1.67% in the last 24 hours, trading volume (TV): $28.4B.
Ethereum price (ETH): $2,065.00, gains 3.50% in the last 24 hours, TV: $12.9B.
DAR Open Network price (D): $0.61, rises 21.53%, TV: $50.7M.
Mind Network price (FHE): $0.94, jumps 20.90%, TV: $47.0M.
SKALE Network price (SKL): $0.0071, surges 23.67%, TV: $13.2M.
(Ranked by 24-hour percentage gain):
Algorand price today (ALGO): $0.09805, jumps 18.89%, trading activity $88.53M.
Midnight price today (NIGHT): $0.04844, climbed 9.86%, trading activity $572.79M.
Zcash price today (ZEC): $248.22, rises 9.32%, trading activity $596.79M.
(Ranked by 24-hour percentage loss):
Siren price (SIREN): $0.5792, down 66.00%, with trading activity $189.62M.
River price (RIVER): $16.30, dips 3.51%, with trading volume $36.17M.
Hyperliquid price (HYPE): $36.54, drops 1.90%, trading activity $354.80M.
Stablecoins and Defi Update:
Stablecoins reflects 0.1% negative change over the past 24 hours, with a market capitalization of $309 billion and trading volume of $96 billion.
The Overall (Defi) Decentralized Finance market increased 1.9% over the last 24 hours, recording a market cap of $50 billion and trading volume (TV) at $4.38 billion. Defi dominance globally marked 2.1%.
Fear and Greed Index Today
Source: Alternative Me
Today’s Fear & Greed Index is 8, down from 11 yesterday and 14 last week, showing fear is getting stronger. This usually happens when prices fall, traders panic-sell, and confidence weakens. Such low levels often suggest the market is oversold, and buyers may start accumulating.
Latest Crypto Market News Today, April 1
(Note: All of these updates affect traders, as they impact liquidity, sentiment, and potential returns, and thus must be monitored closely.)
CoinShares completed its Vine Hill merger and started Nasdaq trading on Wednesday as CSHR, valued at $1.2B, with $50M fresh capital and $6B assets under management.
A malicious Axios update attack linked to North Korean hackers compromised thousands of firms, stealing credentials and planting hidden payloads across Windows, Linux, and macOS systems.
Magic Eden wallet switched to export-only mode on April 1. It urged users to move their funds quickly before the full shutdown on May 1, which ends key recovery support permanently.
Plume, Toku, and WisdomTree started a pilot that allows employees to receive part of their salaries in tokenized money fund shares. This brings real-world payroll onto blockchain.
Eightco revealed $326 million in crypto holdings, which include 277 million WLD, 11,068 ETH, stablecoins, and cash. Its Worldcoin stake is approaching 9% of the circulating supply.
WisdomTree innovation should continue even without the CLARITY Act, with firms focusing on tokenization, stablecoins, and compliant infrastructure.
Comparative Insight
Compared to crypto market update of March 31, 0.6% recovery to $2.39T, today, April 1, shows a stronger 1.5% rise to $2.42T. However, sentiment slightly improved on March 31 with Fear & Greed at 11 versus April 1’s 8, suggesting prices strengthened later while trader confidence actually deteriorated further.
What This Means for Cryptocurrency Users
For users, today’s data signals a mixed environment: major assets remain stable, trending coins show fast upside, but fear stays elevated. This means opportunities exist in selective altcoins, while wallet shutdowns, cyber risks, and regulatory shifts make security and diversification more important than ever.
Risk Context: This commentary is not about long-term conditions and is merely informational. It does not point to the price or indicate an action to take on the investment.
CoinGabbar’s Opinion
The last 24 hours suggest short-term trading opportunities but continued investment risk. Rising prices along with extreme fear often favor cautious accumulation rather than aggressive exposure. For daily readers and investors, disciplined entries, secure asset storage, and a focus on fundamentally strong coins remain the best strategy right now.
Disclaimer: The information should not be taken as financial or investment advice. Cryptocurrencies are very unstable and dangerous. You should never make an investment decision without doing your research (DYOR) and using a qualified financial advisor. Not all regions can provide all the services or assets in question.
