As April draws to a close, the anticipated surge in altcoins has yet to manifest in the cryptocurrency market. Currently, the price of Bitcoin remains above $85,000, although altcoins show little movement. This week, the markets have not lived up to expectations.
Bitcoin (BTC)
For the past eight days, the price of Bitcoin (BTC) 
$78,258 has consistently found buyers above the $83,000 mark, which is a positive sign for cryptocurrency investors. Recently, the $85,000 threshold has become the norm; however, more momentum is necessary. With Trump’s softened stance on tariffs, we must see tangible agreements being signed in the ongoing phase of negotiations.
Discussions are ongoing with countries like Japan and Italy. These negotiations could lead to some increasing imports from the U.S. and others reducing taxes as a means of mutual agreement. The faster these agreements are finalized, the better it will be for cryptocurrencies.
The back-and-forth tariff increases between China and the U.S. have currently stalled, and while discussions at the presidential level have not occurred, it is known that meetings between China and U.S. representatives have begun. Increased communication leading up to the June visit could provide positive news that would support the markets.
As global central banks have already initiated measures to lower interest rates and stimulate domestic demand, the delayed actions of the Fed and news of tariff agreements could spark the anticipated rise in cryptocurrencies.
Current State of Cryptocurrencies
Trading volumes remain steady at around $44 billion, with the total market capitalization of cryptocurrencies hovering near $2.7 trillion. In the last 24 hours, JASMY and FET coins have risen by approximately 10%, making a notable impact among the top 100 cryptocurrencies.
In the analyst comments from Friday, predictions indicated that FET could test $0.55, with potential for a close above that level to target $0.75. We will soon see if this prediction holds true.
The biggest winner of the week has been CORE, which experienced a 32% increase. Other altcoins like TAO, FET, and RAY have also posted significant gains during the week.
Conversely, among the major losers is OM Coin, which has seen over a 90% drop. MOVE coin also faced a decline of 30%.
