Daily Market Report – April 30, 2025
The cryptocurrency market remained relatively stable over the past 24 hours, with Bitcoin (BTC) edging up 0.02% to $94,720.02 and Ethereum (ETH) rising 0.47% to $1,804.04. BTC traded between $93,800.00 and $95,459.98, while ETH ranged from $1,780.80 to $1,842.66. The Fear & Greed Index held at 52, continuing to reflect a “Greed” sentiment among investors. Futures liquidations totaled $99.82 million, suggesting modest positioning adjustments without major volatility. Long/short ratios remained balanced, with BTC long positions at 49.60% and ETH longs slightly ahead at 50.28%.
Altcoin performance was led by INIT/USDT, which jumped 29.72%, followed by COOKIE/USDT with a 19.67% gain and TERRA/USDT rising 10.08%, highlighting continued investor interest in lower-cap, high-momentum assets. Meanwhile, the total value locked (TVL) across all blockchains saw a slight decline to $99.821 billion, though Solanabucked the trend with a 1.34% increase in TVL.
On-chain activity continued to show strength. HOUSE surged 52% in the past 24 hours to reach a $92 million market cap. LEMON gained over 57% and now holds a $4.7 million valuation. TROLL exceeded a $30 million market cap, and NEET increased by over 50% to hit $9.1 million. These moves reflect strong sentiment in micro-cap and community-driven tokens.
On the institutional front, BlackRock filed for a digital share class tied to its $150 billion money market fund, signaling ongoing engagement with blockchain-based financial products. In Europe, Bunq, a digital bank.
In protocol development, Base announced it has completed the first phase of Ethereum Rollup decentralization, deploying a fault-proof mechanism and establishing a security committee. Meanwhile, the MELANIA team transferred $1 million worth of tokens and may offer them to the market via Jupiter DCA. Hyperliquid also confirmed its upcoming launch of a novice fee system and new staking tiers, set to go live on May 5.
Michael Crag
