The crypto market erupted on April 23 as Bitcoin ($BTC) smashed through $90,000, fueling a rally across top altcoins. Here’s the daily market recap of key events:
1. Top Highlights
- Bitcoin ($BTC): Soared to $93K, up 22% since April 9. US Spot BTC ETFs saw $381.9M in inflows on April 22, led by ARKB (+$116.1M). A weaker USD and pro-crypto US policies drove the surge.
- Ethereum ($ETH): Gained 12%, despite ETH ETFs recording -$25.4M outflows, primarily from Grayscale’s ETHE.
- US Policy Boost: President Trump announced lower tariffs on Chinese imports, while new SEC Chair Paul Atkins, a crypto advocate, signals a friendlier regulatory landscape.
- Memecoins & DeFi: $TRUMP surged 8%, and Hyperliquid captured 70% of the on-chain derivatives market share. DeepBook ($DEEP) skyrocketed nearly 100% after listing on Binance Futures.
2. Top Gainers
- $FIS: +52% (Stafi Protocol breakout).
- $PENGU: +45% (hot new memecoin).
- $TURBO: +44% (boosted by strong marketing).
- $BNB: BSC’s DEX volume rose 9.16%, led by Dodo (+40%) and PancakeSwap (+14%).
3. Daily Market Recap – Key Updates
- ZKSync ($ZK): Matter Labs faces a lawsuit from BANKEX in New York over alleged IP theft.
- Solar Panel Tariffs: The US imposed steep tariffs on Southeast Asian exports (Vietnam 542.64%, Cambodia 3403.96%), potentially impacting blockchain energy projects.
- Gold Dips, Crypto Soars: Capital flowed from gold to crypto and stocks.
The market is bullish, driven by BTC’s rally and supportive US policies. However, caution is advised for volatile memecoins (PENGU, TURBO) and risks from ZKSync’s lawsuit or ETH ETF outflows. Focus on BTC, ETH, and SOL for safer bets.
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