The broad-market crypto benchmark CoinDesk 20 Index advanced 5.2%. These crypto coins have their own blockchains which use proof of work mining or proof of stake in some form. They are listed with the largest coin by market capitalization first and then in descending order.

We also provide data about the latest trending cryptos and trending DEX pairs. The Consumer Price Index (CPI), which will be released on Thursday, is another critical US economic indicator for crypto market participants to watch. The data measures inflation through changes in consumer goods and services prices.

Prices & Volumes

However, they all share the same moniker — every coin issued after Bitcoin is considered to be an altcoin. Conversely, a softer PPI might ease inflation fears, supporting a bullish crypto outlook if paired with dovish Fed signals on Wednesday. Rising PPI suggests higher input costs, like energy or hardware, which are crucial for crypto mining. This could squeeze miner profitability and reduce Bitcoin supply growth. JPMorgan is the first Wall Street bank to forecast a US recession following Trump’s tariffs.

This would come as cheaper borrowing encourages investment in high-growth assets. The influence of US economic events and policies on Bitcoin and crypto in general continues to grow. https://token-estra.com/ This makes the anticipated data points particularly important for traders and investors. Our comprehensive guides provide clear, step-by-step instructions accompanied with images.

• Accordingly, the next likely date for any policy changes, like the rate cut JPMorgan mentioned, is May 6-7.
• However, some prices are excluded from the average if the price isn’t indicative of a free market price.
• These crypto coins have their own blockchains which use proof of work mining or proof of stake in some form.
• These new cryptocurrency are known as stablecoins, and they can be used for a multitude of purposes due to their stability.

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Also, because they’re decentralized, cryptocurrencies lack standard pricing, unlike fiat, which is regulated by governments.

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NFTs are a new and innovative part of the crypto ecosystem that have the potential to change and update many business models for the Web 3 world. The total crypto market volume over the last 24 hours is $97.54B, which makes a 27.83% decrease. The total volume in DeFi is currently $6.52B, 6.68% of the total crypto market 24-hour volume.

Cryptocurrency market cap?

These events collectively shape the crypto market sentiment this week, intertwining monetary policy, economic health, and investor psychology. The largest crypto by market capitalization rose just shy of $93,400 following Trump’s comments, its strongest price since early March. Altcoins followed BTC higher, with Ethereum’s ether (ETH) rising 8% over the past 24 hours above $1,700, and dogecoin (DOGE) and Sui’s native token (SUI) gaining 8.6% and 11.7%, respectively.

If the tone is hawkish, suggesting tighter policy or fewer rate cuts, Bitcoin could face downward pressure as investors favor safer assets like bonds, bolstered by a stronger US dollar. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 948 exchanges. Beyond the March FOMC minutes, the next US economic indicator for crypto traders to watch is the Initial Jobless Claims.