In April, the cryptocurrency market made significant progress amidst economic changes. Bitcoin completed its halving on April 20, but overall market downturn led to price declines for Bitcoin and the top 25 cryptocurrencies. Meanwhile, TON achieved significant growth, jumping to the fifth position in market value, surpassing Cardano and Avalanche. Additionally, despite challenges faced by Ethereum and its Layer 2 ecosystem, Base continued to maintain its rapid development momentum.

This report's data is sourced from Footprint Analytics' public chain research page. The page provides an easy-to-use dashboard containing the most crucial statistical data and indicators in the public chain field, which are updated in real time.

Cryptocurrency Market Overview

Overall, there were several positive events in the industry in April. On April 20, Bitcoin successfully completed its halving. U.S. senators proposed a stablecoin regulation bill, indicating a potentially clearer regulatory environment. Additionally, this month saw the conclusion of the "Binance Incident," with former Binance CEO Zhao Changpeng being sentenced to four months in prison for anti-money laundering violations, marking a clearer regulatory direction for the centralized exchange industry.

Despite months of continuous growth, the price of Bitcoin experienced a decline in April, reflecting a general downturn in market sentiment. Public statements from U.S. Federal Reserve officials indicated a decreasing likelihood of interest rate cuts, aligning with the rise in economic indicators such as employment and the Consumer Price Index (CPI). Furthermore, Uniswap Labs and Consensys both received Wells Notices from the U.S. Securities and Exchange Commission (SEC), signaling regulatory challenges for decentralized finance projects.

Bitcoin Market Analysis: Bearish short-term targets were successfully reached, congratulations to friends who followed the operation. The price of Bitcoin still failed to stabilize above the $63,000 mark, especially with a sharp drop during the European session, intensifying the bearish momentum. As of now, the rebound of Bitcoin has been very weak, consistently staying below $62,000. Following this trend, it is expected to experience another drop around the U.S. session, and even targeting the low around $61,400 would be profitable. It is anticipated that this wave may break through the $61,000 mark. Therefore, maintaining a bearish mindset in operations is still advisable. For spot traders, waiting is the best strategy. Buying in when the correction stabilizes will be the opportune moment!

Follow Yuhui to navigate the financial markets, Weibo: Yuhui, the money-attracting, updates real-time strategies every day!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。