Finst

Market Update: These altcoins rise despite Bitcoin weakness

Among the biggest movers are HYPE (+12.4%), FARTCOIN (+16%) and CRV (+19%).

By Mike Hesp
• 2 min read
Market Update: These altcoins rise despite Bitcoin weakness

Among the biggest movers are HYPE (+12.4%), FARTCOIN (+16%) and CRV (+19%). Two weeks ago Hyperliquid was hit by a smart short-squeeze attack, sending the token sharply lower. But the standout right now is XCN (Onyxcoin), showing the strongest gain.

FARTCOIN has been the best-performing larger altcoin so far in April. Despite all market volatility, the coin has even doubled in value since the start of the month. The optimistic price targets for this memecoin can be found in the latest Fartcoin price analysis.

Analysts say such selective outperformance often signals that certain cryptos, especially in an up market, can leave the rest of the sector far behind.

The crypto market, like traditional equities, has been influenced in recent days by domestic U.S. policy. Some investors are already speculating about a possible move by the Federal Reserve, as the U.S. dollar comes under pressure and concerns rise about the bond market. Such a move could rekindle interest in Bitcoin and other digital assets.

In recent weeks, Bitcoin has shown notable resilience — a bit like gold. Yet the coin is still mostly seen as the speculative ‘cousin’ of the Nasdaq. Whether BTC’s current rebound holds will be explained in the latest price analysis.

Today investors are eyeing the latest U.S. producer price index, along with inflation expectations and consumer confidence. The Q1 earnings season kicks off today, with results from big banks like JPMorgan (JPM), Wells Fargo (WFC), and Morgan Stanley (MS). These figures will be scrutinized for potential impacts of current U.S. trade policy.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.