Crypto Market Overview
-
BTC (-0.01% | Current Price: 66,775.9 USDT)：After rebounding to around $69,305.8 earlier, BTC failed to extend its upside momentum and later pulled back, finding support near $64,998.0 before gradually recovering to the $66,700 area for consolidation. Overall, BTC remains in a recovery range following its recent correction. Short-term volatility has narrowed, but overhead resistance has not yet been fully absorbed, and market sentiment remains cautious.From a technical perspective, MA5, MA10, and MA30 are currently around $66,875.9, $66,903.9, and $66,979.6, respectively. The price is still trading below multiple short- and mid-term moving averages, indicating that the recent rebound remains limited and the trend has not yet reversed. The MACD lines have recovered from recent lows but remain below the zero line, while the histogram continues to contract, suggesting that bearish momentum is weakening at the margin, though bulls have not yet established a clear follow-through. In terms of volume, the rebound has not been accompanied by sustained expansion, showing that capital inflows remain restrained. If BTC can reclaim $67,000 and break above resistance near $67,500, it may test the area above $68,000. Otherwise, if the rebound fails, the price may revisit support around $66,000 or even $65,000.
-
ETH (+0.04% | Current Price: 2,053.65 USDT)：ETH previously rebounded to $2,109.31 before gradually pulling back, at one point falling to $1,938.07, and has since returned to consolidate around $2,050. Overall, like BTC, ETH remains in a post-correction recovery phase, though its price is still capped by overhead moving averages and short-term trend signals remain weak. In terms of moving averages, MA5, MA10, and MA30 are currently around $2,057.37, $2,058.92, and $2,070.33, respectively. The price is still trading below short- and mid-term moving averages, indicating that the sustainability of the rebound has yet to be confirmed. The MACD lines have turned higher from lower levels, and the histogram has moved back into positive territory, though only with limited strength, suggesting that sentiment has improved somewhat but that the move remains largely technical in nature. Volume has also moderated compared with earlier sessions, showing that capital is still in wait-and-see mode. If ETH can break through the $2,060 to $2,070 zone, it may move on to test the $2,100 area. Otherwise, the price could slip back toward $2,000 for further consolidation.
-
Altcoins: Most major altcoins remained weak, with market sentiment leaning toward “Neutral” or “Watch.” On the board, ETH fell 2.80%, BNB dropped 3.50%, XRP declined 1.77%, and SOL lost 1.36%, suggesting that risk appetite has yet to stage a meaningful recovery. Only USDT rose 0.01% and USDC gained 0.07%, indicating that part of the capital base is still parked in stablecoins as a defensive allocation. The Fear and Greed Index came in at 16 today, remaining in the Extreme Fear zone, which suggests that overall market sentiment has not yet recovered and that short-term flows continue to favor defense and selective trading rather than a broad-based reversal.
-
Macro: On April 2, the S&P 500 rose 0.11% to 6,582.69, the Dow Jones Industrial Average fell 0.13% to 46,504.67, and the Nasdaq gained 0.17% to 21,879.18. As of the morning of April 3, spot gold remained elevated near $4,700 per ounce. Overall, equity markets showed a mixed performance while gold stayed relatively strong, indicating that broader macro sentiment remains cautious.
Trending Tokens
CTSI Cartesi (+80.56%, Circulating Market Cap: $37.47 million)
According to Gate market data, CTSI is currently trading at $0.04115, up 80.56% over the past 24 hours. Cartesi is a blockchain infrastructure project focused on off-chain computation and modular execution environments, aiming to help developers build more complex decentralized applications through a more general-purpose computing framework and developer toolkit. The project seeks to improve execution efficiency and development flexibility while maintaining on-chain verifiability, thereby expanding Web3 applications toward higher-performance use cases.
CTSI’s strong move over the past 24 hours appears to have been driven by several factors. First, market capital has continued rotating into small- and mid-cap projects with infrastructure attributes, helping technically differentiated tokens such as Cartesi regain attention. Second, CTSI’s circulating market cap sits in a relatively moderate range, which gives it strong price elasticity when trading volume expands. As trading activity increased and sentiment improved at the margin, CTSI posted a sharp short-term rally.
BR Bedrock (+39.60%, Circulating Market Cap: $38.90 million)
According to Gate market data, BR is currently trading at $0.15542, up 39.60% in the past 24 hours. Bedrock is a DeFi infrastructure project focused on liquid staking and restaking, aiming to improve the capital efficiency of staked assets across multi-chain ecosystems while offering users more flexible ways to earn on-chain yield. By connecting staked assets, yield strategies, and liquidity demand, the project helps extend the allocation and circulation of yield-bearing assets across a broader set of use cases.
BR’s rise over the past 24 hours likely reflects the continued popularity of restaking and on-chain yield narratives, which has lifted attention across the sector and boosted BR trading activity. At the same time, while major assets remain locked in consolidation, projects that combine yield and infrastructure exposure are more likely to become focal points for rotating capital. With both thematic interest and short-term buying improving, BR recorded a notable gain over the past day.
SYN Synapse (+33.48%, Circulating Market Cap: $12.70 million)
According to Gate market data, SYN is currently trading at $0.06474, up 33.48% in the past 24 hours. Synapse is a cross-chain interoperability protocol designed to provide asset transfers, messaging, and liquidity connectivity across different blockchain networks. The project aims to lower interaction costs for users and applications in a multi-chain environment through more efficient cross-chain infrastructure, thereby facilitating asset flows and application coordination across ecosystems.
SYN’s rally over the past 24 hours was likely supported by a recovery in market attention toward cross-chain infrastructure and multi-chain liquidity narratives, bringing projects like Synapse back into focus. In addition, SYN rebounded quickly from lower levels and approached the upper end of its recent range, reinforcing short-term trading sentiment and attracting more capital participation. As volume expanded and risk appetite improved at the margin, SYN posted a visible price recovery.
Alpha Insights
Ondo Finance Secures Abu Dhabi Regulatory Approval, Advancing Tokenized Stocks and ETF Trading
According to CoinDesk, RWA project Ondo Finance has received regulatory approval from authorities in Abu Dhabi, allowing it to list tokenized stocks and ETF products on compliant platforms. This development represents a significant regulatory milestone for the tokenization of traditional financial assets and highlights the Middle East’s growing role in promoting blockchain-based financial innovation.
Industry observers generally believe that tokenized real-world assets (RWA) are becoming a crucial bridge between traditional finance and blockchain ecosystems. As regulatory frameworks gradually become clearer, more institutions may explore issuing or trading traditional financial assets on blockchain networks, potentially improving liquidity and expanding investor participation.
AI Agent Business Models May See Rapid Growth, with Stablecoins and Blockchain as Key Infrastructure
Stripe co-founder Patrick Collison recently suggested that the coming years could witness a wave of automated commercial activity driven by AI agents. These agents may independently conduct payments, execute transactions, and access services, while stablecoins and high-performance blockchain networks are expected to serve as critical infrastructure supporting this emerging economic model.
Industry experts believe stablecoins could play a particularly crucial role in the AI agent economy, as they offer globally accessible, low-cost, programmable, and real-time settlement capabilities. As blockchain infrastructure increasingly integrates with AI technologies, AI agents may gradually assume roles in automated trading, financial services, and online commerce, potentially expanding Web3 use cases and reshaping the digital economy.
Short-Selling Firm Bets Against Ethereum, Warning of Potential “Death Spiral” After Upgrade
According to CoinDesk, short-selling firm Culper Research recently disclosed that it has established short positions targeting Ethereum (ETH) and related assets. The firm released a report claiming that Ethereum’s economic model has deteriorated following the latest network upgrade. According to the report, the Fusaka upgrade implemented in December 2025 significantly increased block space supply, leading to a substantial decline in network transaction fees. Because validator income partly relies on transaction fees, this change may compress staking yields, potentially reducing validator participation and affecting network security.
The report also noted that Ethereum co-founder Vitalik Buterin sold approximately 20,000 ETH earlier this year, valued at around $40 million at current prices. It also highlighted BitMine, a company holding large ETH reserves, which has accumulated roughly 4.4 million ETH since July last year. With ETH prices declining, approximately 45% of its holdings are currently underwater, with unrealized losses estimated at $7.4 billion. Culper Research argues that if Ethereum’s actual network usage does not improve, the project may face continued deterioration in its token economic structure.
References
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
