Large-caps drift as volatility creeps into altcoin markets

📉 Bitcoin Holds Above $94K – BTC is slightly in the red but remains resilient near the upper-$94,000 range.

📊 Altcoins Show Steeper Losses – Celestia (TIA) and Bittensor (TAO) decline between 5% and 7% amid broader market pullback.

🪙 BlackRock Expands Blockchain Push – Asset manager to launch a digital share class for its $150B Treasury Trust fund using BNY Mellon's blockchain infrastructure.

📅 Macro Events in Focus – Investors eye Fed policy signals and upcoming Q2 tech earnings for direction on risk assets, including crypto.

‍

‍

BITCOIN (BTC) is hovering slightly in the red in early Tuesday trading, but remains supported around $94,000, underscoring ongoing resilience in the face of mild profit-taking.

Ethereum (ETH) is also under modest pressure, down just over 1% on the day.

Market action grows more volatile further down the capitalisation scale, with altcoins like Celestia (TIA) and Bittensor (TAO) slipping between 5% and 7%. Despite the declines, the Crypto Fear and Greed Index remains in neutral territory, signalling that sentiment has not materially worsened.

On the institutional front, BlackRock is deepening its blockchain strategy. The asset manager announced a new initiative to tokenize a share class of its $150 billion Treasury Trust fund, using infrastructure provided by BNY Mellon. The move aims to digitally mirror share ownership records on a blockchain, a step that could pave the way for wider adoption of tokenized financial instruments.

Looking ahead, markets face a flurry of macro events. Investors are watching whether the Federal Reserve will respond to growing political pressure - including recent remarks from President Donald Trump - to lower interest rates. Meanwhile, upcoming earnings from US tech giants in early May could also provide a clearer read on broader risk sentiment.

As crypto continues to decouple in pockets from equity markets, traders are weighing how digital assets will respond to a shifting macroeconomic landscape.

‍

‍

📊 5 top performers over 24hrs (gainers and losers)

‍

⬇️ Celestia (TIA): -6.99%

⬇️ Bittensor (TAO): -5.65%

⬇️ Axie Infinity (AXS): -5.76%

⬇️ Optimism (OP): -5.50%

⬇️ Ondo (ONDO): -5.31%

‍

* Data is correct as at 09:05 GMT. 

🌍 Total crypto market cap ⬇️

The global cryptocurrency market capitalisation is approximately $2.95 trillion, reflecting a 0.73% decrease over the last 24 hours.

‍

🟠 Bitcoin (BTC) ⬇️

Price: Currently trading at around $94,608, marking a 0.38% decrease in the last 24 hours.
Daily high: $94,443
Daily low: $93,881

‍

📈 S&P 500 ⬆️

The S&P 500 index is up about 0.58% since yesterday.

‍

🙂 Fear & Greed Index

The Crypto Fear & Greed Index currently stands at 53/100, indicating a neutral stance. 

‍

📊 Bitcoin Relative Strength Index (RSI) (14)

‍

The RSI stands at 46, with 70 and above indicating an overbought position, while 30 and below indicates that the asset is oversold. 

‍

‍Post Script…

Cautionary Notes

‍‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.