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#Join Honor Credits Draw & Win MacBook Air and Merch #Trump to Unveil Reciprocal Tariff Policy #GUN Launchpool is Live
Here’s why BTC and altcoins like Pepe, EOS, Bonk, Fartcoin are rising
The crypto market crawled back slightly on April 1 as investors bought the dip after a brutal quarter in which Bitcoin and Ethereum dropped by 12% and 45%, respectively.
Bitcoin Bitcoin
BTC
3.04%
Bitcoin price rose slightly to $84,000, while Pepe Pepe
PEPE
4.34%
Pepe, EOS EOS
EOS
11.28%
EOS, Bonk Bonk
BONK
11.84%
Bonk, and Farcoin Fartcoin
FARTCOIN
11.92%
Fartcoin gained over 5% in the past 24 hours. Total trading volume across exchanges rose by 18%.
This rebound was notable as U.S. stock index futures continued their downtrend. Futures tied to the Dow Jones fell by 250 points, while the Nasdaq 100 and S&P 500 indices dropped by 0.50%.
One potential catalyst for the performance of Bitcoin and other altcoins is data showing that BTC and ETH balances on exchanges have declined, representing a signal that the selling pressure may be easing.
CoinGlass data shows that there were 2.2 million coins on exchanges, down from 2.25 million in March. ETH balances have slipped to 14.5 million, the lowest point in years.