The second week of April has come to a close. The prices are cascading, and things look dire. At press time, the value of BTC, the biggest crypto in the world, is hovering at $82k. This is still better than the Monday crash, when the crypto price was dangerously low. This was also noticed with ETH.
ETH’s growth slowed down as the market was going through turmoil. Conversely, SOL is surging slightly after sinking under the $100 mark. This shows that the week has been rough on the tokens. Still, the end of the week shows some promise.
Respite After The Bloodbath
The market is on track to recover from last week’s bloodbath. Market analysis by Cryptotimes suggests that the players are gaining confidence. Last week, the market’s fear and greed index was all over the place. Investors lost confidence in some of the established tokens and ended up flushing them.
At press time, the BTC’s price was hovering near $82,000, with an overall trading volume of $46.72 billion. Meanwhile, its low intraday was recorded at $78,710. This suggests that the market is priming itself for more volatility.
However, what has left people concerned is that ETH is failing to gain traction again. The bullish momentum of ETH seems to be a distant memory as it cascades into chaos. As a result, the token’s overall fear/greed index is also at risk, and investors are looking to abandon it.
