Share this article
First Mover Americas: Bitcoin Drops to $65K to Start the Month
The latest price moves in crypto markets in context for April 2, 2024.
Updated Apr 2, 2024, 12:03 p.m. Published Apr 2, 2024, 12:00 p.m.
This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.
Latest Prices
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Top Stories
Bitcoin faced selling pressure early Tuesday as the cryptocurrency’s reward halving approaches. The leading cryptocurrency by market value fell 5.7% to $65,742 in a bearish resolution of the recent week-long consolidation between $68,000 and $72,000. Bitcoin’s halving event is approaching this month, expected on April 21. The event reduces the pace of BTC production by 50%. Some analysts say the event has already been well telegraphed by the market, limiting any major reaction. “As we come into this halving event, bitcoin has just put in a fresh record high and could be less inclined to be wanting to extend its record run before first going through an overdue period of correction and consolidation,” said LMAX Digital in a morning note. The broader crypto market also nursed losses, with ether , Solana's SOL and dogecoin (DOGE) registering larger drops. The broader CoinDesk 20 index fell nearly 8%.
Ethena Labs, the decentralized finance (DeFi) protocol that offers the $1.3 billion yield-earning USDe, has opened claims for its new governance token, ENA. In a post on X on Tuesday, Ethena invited holders of USDe to claim their share of the airdrop of 750 million ENA tokens – 5% of the total supply – which is set to list on centralized exchanges. Following the commencement of the airdrop, ENA rose over 8% to trade at around 64 cents, with a market cap of close to $500 million, according to data by CoinGecko.
Deribit, the world’s leading crypto options exchange, said on Tuesday that its Dubai-based unit, Deribit FZE, has won a conditional virtual asset provider (VASP) license from the local regulator. The license allowing FZE to operate as a virtual asset exchange for spot and derivatives trading remains nonoperational until Deribit satisfies all remaining conditions and local requirements of Dubai’s Virtual Asset Regulatory Authority (VARA), Deribit said in the press release. Once operational, it will allow Deribit to serve institutional and qualified investors while continuing to serve retail investors through its Panama-based broker affiliate.
Chart of the Day
- The chart shows the list of layer-1 and layer-2 blockchain projects by analyzing smart contracts, the number of unique active wallets (UAW), decentralized applications and other metrics.
- In the past seven days, NEAR has seen the biggest increase in unique active wallets, followed by Solana and Polygon. The BNB Chain has slipped to the fourth place, with Ethereum at number 12.
- Source: DappRadar
Trending Posts
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
What to know:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
Top Stories
