Cryptocurrency markets experienced a moderate uptick on April 1, fueled by optimism surrounding U.S. inflation data. Federal Reserve Chair Jerome Powell’s remarks hinted at the possibility of interest rate cuts in June.
Introduction
Bitcoin, the pioneer cryptocurrency, maintained stability around the $70,000 threshold, while Ethereum hovered just above $3,600. Other altcoins also made notable moves.
1. Bitcoin’s Steady Course
Bitcoin traded 0.1% higher at $70,293, showing resilience despite recent fluctuations. Investors eagerly await a potential breakout, but a significant resistance level persists at $72,500.
2. Ethereum’s Surge
Ethereum surged past the $3,600 mark, demonstrating strength in the altcoin market. Its performance remains closely watched by traders and enthusiasts alike.
3. Altcoin Rally
Several altcoins posted gains:
- Solana (SOL) rose by 1.7%
- XRP increased by 1.8%
- Dogecoin (DOGE) climbed by 4.7%
- Toncoin (TON) saw a 3.2% surge
- Bitcoin Cash (BCH) recorded an impressive 15.8% gain.
Market Cap and Dominance
The global cryptocurrency market cap reached approximately $2.67 trillion in the last 24 hours. Bitcoin’s dominance stands at 51.85%.

Jude Blair is a blockchain news writer at Crypto Quill, with a passion for unraveling the intricacies of distributed ledger technology and its impact on the digital landscape. With a sharp focus on blockchain innovations and industry trends, Jude’s articles offer readers comprehensive insights into the evolving world of cryptocurrencies. Known for his analytical prowess and dedication to factual reporting, Jude brings a fresh perspective to blockchain news, delivering timely and engaging content that educates and empowers audiences.